Decode Trader Recruitment and Funding

Decode is looking for traders who know how to profit from the forex market!

We know that there are many talented traders out there and understand how difficult it is to get funded. Sometimes, all a person needs is an opportunity, a start, a chance to get into this lucrative industry with endless possibilities.

Let us introduce you to the Decode Trader Recruitment Program. See below for more info.

The exciting part is that no matter what level of experience you have, the trading program involves a live trading account where you can receive 50% of the profits.

Sound too good to be true? All we need is for you (our potential trader) to meet our requirements and conditions as outlined below. This shows that you are accepting responsibility and are committed to becoming a professional trader.

In addition, you will have the option to work from our offices in Sydney in a professional financial environment, with the opportunity to be mentored if needed. (This is subject to space availability of working stations.) Alternatively, you may work remotely from the comfort of your own home.

Trader Funding Products

Product
Available forAnyoneAnyoneProven traders only
Minimum account size $10,000 USD$10,000 USD$10,000 USD
Maximum starting account size$100,000 USD Can be increased once profits are shown$100,000 USD Can be increased once profits are shown$100,000 USD
Initial security required from trader10% Any portion of the security that wasn’t lost will be returned to trader once agreement has ended20% Any portion of the security that wasn’t lost will be returned to trader once agreement has endedNil
Trader’s profit share50%50%30%
Profits settledOn the 1st of every month, profits will be subtracted from the account and delivered by bank transfer within 7 daysOn the 1st of every month, profits will be subtracted from the account and delivered by bank transfer within 7 daysOn the 1st of every month, profits will be subtracted from the account and delivered by bank transfer within 7 days
Account increaseMinimum increments of $5,000 USD Can be added on the 1st of each month. Trader can use their share of the profits as security.Minimum increments of $5,000 USD Can be added on the 1st of each month. Trader can use their share of the profits as security.Decode will have the discretion to increase this amount up to 1mil USD.
Account reductionMinimum reductions of $5,000 USD Can be deducted on the 1st of each month. The initial investment of that deduction will be returned to trader within 7 days.Minimum reductions of $5,000 USD Can be deducted on the 1st of each month. The initial investment of that deduction will be returned to trader within 7 days.Decode will have the discretion to reduce this account with or without notice, to protect company interests.
Account terminationTrader has the option to cease trading at any stage. Any security at that point which hasn’t been lost will be returned to the trader within 7 days.Trader has the option to cease trading at any stage. Any security at that point which hasn’t been lost will be returned to the trader within 7 days.Decode will have the discretion to terminate this account at any stage with or without notice, to protect company interests.
Account reset or top-upTrader can top up or reset his/her account by simply paying the required percentage of the investment.Trader can top up or reset his/her account by simply paying the required percentage of the investment.Decode will assess this requirement as a case-by-case situation.

Trading Conditions

Product
Desired profit targetNil, no pressureNil, no pressure>25%
DrawdownAbsolute drawdown 10%Absolute drawdown 20%Relative drawdown 10%
Maximum lot exposure1 lot per 10k account2 lots per 10k account0.5 lots per 10k account
Leverage available 400:1 Decode reserves the right to decrease the leverage for high-risk strategies. Decode also recommends a max leverage of 100:1.400:1 Decode reserves the right to decrease the leverage for high-risk strategies. Decode also recommends a max leverage of 100:1.100:1 Decode may lower this leverage for bigger account sizes.
Trading instrumentNo restrictions Any instruments available on platform offered by DecodeNo restrictions Any instruments available on platform offered by DecodeNo restrictions Any instruments available on platform offered by Decode
EA’s allowedYesYesYes
Trading strategy restrictionsNilNilHigh-risk strategies such as certain types of Martingales will need Decode approval
Courtesy reminder of drawdown limit approaching@ 8% absolute drawdown@ 16% absolute drawdown@ 5% relative drawdown Second reminder @ 8% RD

Phase 2 - for outstanding performers

  • Phase 2 may be offered to traders, which is a further funding of up to 1mil AUD, with no investment required by traders.
  • These traders may also be offered a part-time or full-time position to work at the Decode Sydney office.
  • These traders’ accounts may be listed on Decode’s social ‘copy trade’ platform, offering the opportunity to earn additional commissions from followers. (Please note: this ‘copy trade’ platform is only in the early stages of release, however major resources are being committed to ensuring this is a world-class competitive platform, especially in South East Asia.)

Additional conditions for trading accounts

    1. The lot size exposure over the weekends will be decreased to 20%. Trades above the 20% must be closed by each Friday 2pm Eastern Time (ET). Gaps frequently occur over the weekend, therefore we want to avoid unnecessary losses for both the trader and Decode.                                                                                                                                                                            .
    2. Decode may intervene by closing all trades and pending orders on clients’ accounts for the following:
      A)Maximum drawdown allowable reached as mentioned in the agreement.
      B)Any trades that exceed the allowable lot exposure over the weekend. Trades must be reduced by 2pm Eastern Time (ET) Friday.
      C)Traders failing to respond to communication from Decode within 24 hours.
      D)Excessive lot size trades that breach the limits allowable per agreement. In most situations, Decode may give the trader a courtesy reminder with slight breaches especially if the account is in profit. However, Decode reserves the right to close any trades to bring the remaining trades back below the allowable lot exposure per agreement. Decode will close the largest trade first and then so on until remaining trades are under the maximum.                                                                                                                                                                      .
    3. EA traders need to ensure that their EA does not breach these conditions. Time trading and lot sizing on EA’s are easy to customise or add. We suggest traders turn off their EA’s before 2pm ET Friday or before going to sleep. Otherwise it is extremely easy for a vicious cycle of your EA opening a trade and Decode closing the trade whilst you are sleeping. In less than a minute, over 60 trades can open and close, paying unnecessary fees which will eat into account funds.                                                                                                                                           .
    4. Decode reserves the right to seek any Decode company funds that are lost by traders’ intentional or extreme negligent actions or through the EA being used.                                                                                                                                                                                                           .
    5. If any guidelines or rules are broken, depending on the severity, Decode has the right to terminate the agreement at any time, however, we are hopeful the situation may be resolved with a warning. Any part of the initial investment that hasn’t been lost by the trader would in the case of a termination be returned to the trader.