from Chronnix team
Is Chronnix fund regulated?
No, Chronnix is a private independent fund trading its own capital, we are not a broker, CEX, or anything like that and therefore there is no regulation for what we do. However, we are connected only with regulated and reputable liquidity providers.
Who is responsible for paying taxes?
The trader is the one responsible for paying TAX according to the rules of his/her
country.
The fund is not dealing with any TAX issues.
Where the fund is registered?
The fund is registered in the UK with registration number - 111111
How many programs can I sign up for?
For the 1 step evaluation program a trader can have a maximum of 3 evaluation
accounts
concurrently.
For the non-evaluation program, a trader can have only 1 account concurrently
Are there any countries' restrictions for sign-up
No, all traders from all countries are more than welcome to join our funded program to show their skills and become funded traders.
What is the refund policy?
According to our refund policy, if you don’t trade the account within 7 days of registering you’ll be eligible for a full refund. Once you start trading the account we cannot refund this account anymore.
What is the scaling plan Chronnix offers?
In both programs, the fund will double the account size for every accumulated 25% of profit.
Are there any restrictions for holding positions overnight/weekend?
No, there are no restrictions, We allow holding positions overnight and over the weekend.
What happens if I exceed the Max DD allowed?
Exceeding the Max DD will cause the account/contract to be closed and terminated.
As a trader, you always have the option to sign up for a new account/contract.
How do you measure the Max DD allowed?
The Max Drawdown is measured as an absolute Drawdown.
Example: If the account size is 10K and the Max DD allowed is 800$ it means the
account will
be closed automatically once the equity level goes below 9200$.
Are there any restrictions on trading style?
No, we allow all kinds of trading styles in our program.
As a trader, Do I have any responsibility for the loss in the account?
No, The trader has no responsibility for any loss in the account, the fund takes all responsibility for losses in the account.
What is the account leverage?
The accounts leverage at all funded levels is 1:100, however, as a fund that recruits traders, it is our duty to warn you that using all the leverage power of 1:100 is extremely high risk..
What is the top limit for a funded account?
The top limit for a funded account is 3 Million$
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