Prohibited Practices
Prohibition of Using VPN or Proxy
Strictly No VPNs or Proxies Allowed:
At Wildfunded, we require that every user accesses our platform using their real IP address. The use of VPNs, proxies, or any other tools that mask or alter your real IP address while using our services is strictly prohibited. This rule applies without exception to ensure security, fairness, and compliance with our platform’s policies.
Why Is VPN/Proxy Use Prohibited?
Security & Compliance: Requiring everyone to access our platform using their real IP addresses helps us prevent fraudulent activities.
Fair Trading Environment: Using your actual location ensures that all trading activities are legitimate helps maintain the integrity of our trading system.
Violation of KYC & Anti-Money Laundering Policies: Concealing your IP can lead to breaches in regulatory standards. The use of a VPN or proxy is considered a direct violation of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, as it obscures user identity and location, which are critical for compliance.
Enforcement & Consequences:
All IPs are recorded each time you access our platform. These logs must reflect your real location. If we detect VPN or proxy usage on your account, the following actions will be taken:
Immediate account suspension while we review the violation.
Your account will be terminated and permanently banned without prior notice.
Any attempt to bypass our security measures will be flagged as a potential fraudulent activity, leading to severe restrictions on your account.
Forfeiture of funds or privileges associated with the account.
Legal action, which could include reporting to regulatory authorities, among other options.
How to Avoid Violations:
Always use your real IP address and connect from your actual physical location when accessing our platform.
Avoid using any software or tools that mask, alter, or hide your online identity.
If you are in a restricted region, please note that our services are not available in these areas due to partner restrictions. Any attempt to bypass these restrictions using a VPN or proxy will result in an immediate ban.
Hedging and Other Prohibited Actions
Consequences of Prohibited Actions:
Engaging in hedging or other prohibited actions can result in account termination, forfeiture of profits, and permanent banning from the platform, even during the Evaluation phase. Wildfunded is committed to maintaining a fair trading environment and takes strict measures to maintain that standard.
Hedging is a trading strategy where you simultaneously hold both long and short positions in the same, underlying, or correlated instruments. While it’s often used to reduce risk, it’s strictly prohibited on Wildfunded due to its potential for abuse and manipulation.
Why Is VPN/Proxy Use Prohibited?
Security & Compliance: Requiring everyone to access our platform using their real IP addresses helps us prevent fraudulent activities.
Fair Trading Environment: Using your actual location ensures that all trading activities are legitimate helps maintain the integrity of our trading system.
Violation of KYC & Anti-Money Laundering Policies: Concealing your IP can lead to breaches in regulatory standards. The use of a VPN or proxy is considered a direct violation of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, as it obscures user identity and location, which are critical for compliance.
Should you be found involved in hedging or participating in any dubious activities, Wilfunded will immediately close all your accounts. You will lose any profits earned, and there’s a possibility of facing a permanent ban from the platform. These actions are enforced to maintain a level playing field for all participants.
We are committed to maintaining a clear and ethical trading atmosphere. It is mandatory for all traders to comply with these policies and maintain the highest level of integrity. Any attempts to evade these regulations will have serious repercussions, including forfeiting your trading account and privileges.
Additional Prohibited Actions for Traders:
Micro scalping: Micro scalp trading involves executing numerous quick trades for small profits. It is strictly forbidden to engage in micro scalping operations shorter than 10 seconds during the opening (5 minutes before and after) of the US market opening at 8:30 AM CST (Chicago). Doing so will result in the termination of the account.
Copy trading: Automated replication of other traders’ trades is banned.
Algorithmic trading: The use of computer programs for automated trading is prohibited.
Intentional fraud: Any deliberate deception or manipulation is strictly forbidden.
Creating multiple profiles: Opening multiple trading accounts under the same name or identity is forbidden.
Inactivity: Failure to trade regularly, with no single trading activity in a week (7 days), is prohibited unless a temporary suspension is approved. Only for Live account.
Prohibition of Multiple Users in a Single Household
To maintain fairness, transparency, and compliance with our policies, we strictly prohibit multiple users from operating accounts within the same household or under the same IP address. This rule applies without exception.
Why This Policy Exists?
This policy ensures the integrity of our platform by preventing:
- Unfair Advantage: Preventing coordinated activities or manipulation that could create an imbalance, disadvantaging other users.
- Security Risks: Reducing the risk of shared credentials and account compromises.
How It Works?
- Our system monitors and flags accounts using the same IP address or displaying similar activity patterns.
- Accounts identified as operating from the same household will be reviewed and may be restricted.
What Happens if This Policy is Violated?
- Accounts found in violation will be immediately restricted or suspended.
- Repeated violations may result in permanent account termination and disqualification from future participation.
Automated Trading Rules
In the realm of automated trading, Wildfunded enforces stringent guidelines to maintain a fair and transparent trading environment:
● Automated Scalping: The platform restricts the use of automated systems designed for ultra-high-frequency scalping.
● Automated Tools: The use of AI, bots, and other automated trading mechanisms is strictly prohibited across all account types. This includes Third Party Automation. More details on Third Party Automation below.
● Semi-Automated Trading: This is permissible under the condition that traders actively monitor, manually manage, and understand the system and semi-automation’s purpose.
● Automated Behavior: Any form of hands-off, continuous day and night trading, or any other type of full automation is strictly forbidden.
Can Someone Else Trade my Account?
It is a requirement that all accounts participating in our challenges are exclusively traded by the account owner without any alterations once a phase has been successfully completed. Failure to comply with this rule will be considered a breach of the account.
To maintain the integrity of the challenge and ensure a fair evaluation of your trading skills, it is crucial that you refrain from making any modifications or allowing others to trade on your behalf once you have progressed to a new stage. Only the account owner should be actively involved in trading activities for the respective accounts and simulated challenges.
The use of shared devices is strictly forbidden and may result in a breach and/or account failure. E.g.: using the same PC or Phone as your partner to make use of our services and trading accounts.
Other Rules Prohibited
Wildfunded emphasizes ethical trading practices and order management to ensure a stable and reliable trading environment.
● Order Placement: Simultaneously placing multiple limit orders at the same price to manipulate order fills is prohibited.
● Gapped or Illiquid Market Trading: Initiating trades to profit from isolated fills in these markets is not allowed.
● Slippage and Bracket Usage: Exploiting the absence of slippage and utilizing tight brackets to gain from favorable fills are not permitted.
● Tier 1 Economic Data Trading: Engaging in trades during tier 1 economic data releases is restricted.
● Compliance with CME Group Rules: All trading activities must adhere to CME Group’s rules and regulations.
● Collaborative Trading: Collaborating with others to execute identical or opposite strategies across unconnected accounts is prohibited.
At Wildfunded, we deeply value your adherence to these guidelines as we collectively navigate towards a prosperous trading future. Our policies are crafted to protect traders and the firm, ensuring a viable and supportive platform for authentic trading skill development. We encourage all our traders to trade ethically, respecting the guidelines and the platform, to create a sustainable and profitable trading environment for all.
Microscalping Rules
Microscalping is not allowed in Wildfunded. Microscalping is an aggressive form of scalping where traders execute trades that last only a few seconds and aim for tiny profit margins, often just a few ticks or points. The goal is to accumulate small gains over many trades, which can add up to significant profits if done correctly.
Wildfunded, through its Risk Department and trading experts, reserves the right to assess if a user’s actions qualify as micro-scalping and to cancel the account if necessary.
Trades Duration:
You should always perform trades lasting more than 10 seconds duration and achieve profits of at least 5 points. If a large number of trades are below these parameters our team reserves the right to consider at any time if the Trader is performing microscalping strategies. In the case of detecting this type of practice, your account will be closed or you will not be eligible to withdraw profits.
Microscaling during News Forbidden:
This type of practice is strictly forbidden 5 minutes before and after market opening and economic news. In other words, there is a 10-minute period of high volatility at the opening and during the news when this type of trading is prohibited.
Why Microscalping Can Be Problematic?
This strategy lead to significant losses and can be problematic in certain trading environments due to its dependency on perfect market conditions and low slippage. Be careful when performing the following type of operations, your account could be blocked:
- Short Trade Duration: Trades are typically held for less than 10 seconds.
- Minimal Profit Targets: Aiming for profit margins of less than 5 points or just a few ticks.
- High Trade Frequency: Executing a large number of trades within a short timeframe.
- Tight Stops and Limits: Using very tight stop-loss and take-profit orders.
While both microscalping and regular scalping aim to profit from small price movements, they differ in their execution and risk profiles:
Regular Scalping: Involves holding trades for a slightly longer period, typically a few minutes, and aiming for larger profit margins, such as 5-10 points.
Microscalping: Trades last only a few seconds and target very small profits, often less than 5 points. This strategy relies heavily on low slippage and perfect market conditions, making it less reliable in real-world trading scenarios.
Market Conditions: Microscalping works best in low volatility and highly liquid markets, which are not always available.
Slippage: The strategy’s success heavily depends on minimal slippage, which is not guaranteed, especially in live trading environments.
Order Execution: In a live environment, order execution may not be as quick and efficient as in simulated environments, leading to losses.
Sustainability: While it can be profitable in the short term, microscalping often leads to inconsistent results and can quickly burn through trading accounts.
Understanding the nuances of microscalping is crucial for traders, especially those in simulated or prop trading environments, where such strategies may be restricted to ensure long-term profitability and sustainability.
Breaking Evaluation Account Rules
By joining Wildfunded, you agree to follow our trading rules as you aim to reach your target trading goals. Any violation of our trading rules disqualifies your account. You may familiarize yourself with our rules and trade responsibly to avoid losing your account.
If your challenge account is deactivated, you may purchase a reset.