Tordess is a crypto prop trading firm that offers traders the the capital to trade with up to $100,000 in funding. By joining Tordess, traders can participate in free monthly competitions with attractive prizes and paid challenges to trade with the firm's capital.
Company Information
- Company Name: Tordess
- Company Legal Name: Tordess Limited
- Company Registration No.: 23642
Challenge Details
Pricing:
- $5,000 Account: $49
- $10,000 Account: $149
- $25,000 Account: $249
- $50,000 Account: $349
- $100,000 Account: $549
Rules:
- Profit Target (One Phase): 10%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 85%
- Drawdown Type: Equity-Based Drawdown
- Time Limit: No time limit
- Leverage: 5:1
- Max Lot Size: no lot size rule
- Payout Frequency: On demand
- Allows Copy Trading: No
- Min Trading Days: 10 days
Scaling Plan
Tordess does not offer any Scaling Plan.
Spreads and News Trading Rules
Spreads:
Tordess does not offer any information on the spreads but it should be as low as 0.0 based on the usual spreads offered by other prop firms.
News Trading Rules:
Tordess has not mentioned any news trading rules.
Other Important Rules
Daily Drawdown Calculation:
The daily drawdown is calculated based on your equity or balance whichever is higher at the end of the day (EOD). As it is an equity based drawdown, the drawdown limit will keep increasing or decreasing based on the account balance at that current moment. It will also keep recalculating if their is any open trade.
Countries Banned from Purchasing:
Tordess cannot serve traders from certain countries due to regulatory reasons. These include:
- Singapore
- Cuba
- Iran
- North Korea
- Crimea
- Malaysia
- Syria
- United States (and territories)
- Canada (Ontario and Quebec)
- Bangladesh
- Bolivia
- Malta
Prohibited Trading Strategies:
Tordess enforces strict rules to ensure fair trading. The following strategies are prohibited:
- Exploiting platform or pricing errors
- Using insider or non-public information
- Front-running trades
- Switching trading strategies after passing the challenge
- Copy trading from any third-party sources or communities
- Arbitraging between accounts
- Using strategies that are difficult to replicate in live markets
Payout Methods
Tordess processes payouts via cryptocurrency, offering fast and secure transactions. Payouts can be requested on-demand.
Trading Commissions
Commissions are not mentioned by Tordess.
IP Rule
Tordess has strict IP policies. Account sharing is not allowed. Traders cannot share login credentials or manage multiple accounts from the same IP address or household. This helps ensure account security and fair evaluations.
