Monthly Archives: July 2024
How often is the Vantage Elite payout?
Written on July 7, 2024 at 11:40 pm, by chiayee
The Vantage Elite payout is done every two weeks. This ensures that you receive your profits promptly and regularly, providing a consistent and reliable income stream from your trading activities.
What is the profit payout at Vantage Elite?
Written on July 7, 2024 at 11:40 pm, by chiayee
At the Vantage Elite stage, the profit sharing is 80%. This means you receive 80% of the net profits generated from your trading activities, while the remaining 20% goes to Vantage Elite.
What kind of leverage does a Vantage Elite account offer?
Written on July 7, 2024 at 11:39 pm, by chiayee
A Vantage Elite account offers varying leverage depending on the product being traded. The leverage options are as follows:
What account size will I work with?
Written on July 7, 2024 at 11:39 pm, by chiayee
In the Vantage Elite Challenge, you can choose from various account sizes to work with, ranging from $10,000 to $200,000. The available account sizes are:
How many accounts can I have?
Written on July 7, 2024 at 11:38 pm, by chiayee
You are allowed to participate in multiple challenges at the same time, but please note that there is a cap on the total account value you can hold across all challenges, which is limited to 3,000,000 units of currency. This cap allows for up to 300 accounts each holding $10,000, or alternatively, 15 accounts each with $200,000. Accounts from failed challenges do not count towards this limit. While you may hold more in Challenge Accounts, only up to $400,000 can transition into Elite Trader Accounts.
What are the account specifications?
Written on July 7, 2024 at 11:38 pm, by chiayee
The Vantage Elite Challenge offers 2 accounts called Basic and Plus+. Here are the breakdown of the two accounts:
Can I modify my current account type?
Written on July 7, 2024 at 11:37 pm, by chiayee
No. Once an account type (either Basic or Plus+) has been selected, it cannot be changed. Should you wish to utilise a different account type, you will be required to open a new account.
Who legally owns the trading accounts that traders use?
Written on July 7, 2024 at 11:37 pm, by chiayee
Vantage legally owns the trading accounts that traders uses.
How many account currencies option for Vantage Elite Challenge?
Written on July 7, 2024 at 11:37 pm, by chiayee
Currently, the Vantage Elite Challenge only offers one account currency, which is USD. We are planning to expand our currency options in the future to provide more flexibility for our traders. Stay tuned for updates on new currency offerings.
Do I have to pay for losses incurred with a Vantage Elite account?
Written on July 7, 2024 at 11:37 pm, by chiayee
While we do pay out profit sharing earnings that traders earn from the Elite Trading account, we do not require traders to bear any losses incurred. This allows you to focus on trading without the risk of personal financial loss. However, you are expected to adhere to the risk managrment guidelines and hitting the maximum loss limits will result in disqualification of your account in the Elite Trader challenge