Company Information

• Company Name: Turbo Trade Fund
• Company Legal Name: QuickTrade (Pty) Ltd
• Company Registration No.: 2014/062267/07
• Operating Since: February 2024
• CEO Name: Undisclosed

Challenge Details

Turbo Trade Fund has a three-phase evaluation program, Here are the details:- 

Pricing

• $10,000 Account: $100
• $20,000 Account: $200
• $30,000 Account: $300
• $40,000 Account: $400
• $50,000 Account: $500
• $100,000 Account: $600

Rules

• Profit Target (Phase 1): 5%
• Profit Target (Phase 2): 12%
• Profit Target (Phase 3): 14%

Loss Limits

• Total Loss (Phase 1): 10%
• Total Loss (Phase 2): 6%
• Total Loss (Phase 3): 5%
• Daily Loss (Phase 1): 5%
• Daily Loss (Phase 2): 3%
• Daily Loss (Phase 3): 2%

Additional Rules

• Profit Share: Starts at 50% and can go up to 80% as traders progress.
• Drawdown Type: Equity-based drawdown
• Time Limit: Not specified
• Leverage: Not specified
• Max Lot Size: Not specified
• Payout Frequency: Not specified
• Allows Copy Trading: Not specified
• Minimum Trading Days: 7 days

Scaling Plan

Turbo Trade Fund does not currently offer a specified scaling plan.

Spreads and News Trading Rules

Spreads

Turbo Trade Fund has partnered with QuickTrade(Pty)Ltd. to provide competitive spreads in the market.

News Trading Rules

One of the notable advantages of Turbo Trade Fund is the absence of restrictions on news trading. This means traders can take advantage of market volatility around major economic events, providing more flexibility and opportunities.

Other Important Rules

Daily Drawdown Calculation

Turbo Trade Fund calculates daily drawdown based on floating balance of the account. This drawdown is Equity based drawdown which means that the drawdown limit will increase of decrease as the account grows or shrink. 

Countries Banned from Purchasing

Turbo Trade Fund does not restrict traders from any countries whatsoever to participate in their challenge programs.

Prohibited Trading Strategies

To maintain a fair and secure trading environment, Turbo Trade Fund prohibits certain trading strategies, including:

• High-Frequency Trading
• Hedging
• Group Hedging
• Server Manipulation
• Slow Data Feed Exploitation
• Over-Leveraging
• Over-Exposure
• One-Sided Bets
• Account Rolling
• Use of Artificial Intelligence

Payout Methods

Turbo Trade Fund has simplified the process of payouts by setting up a QuickTrade.World wallet for each trader who purchase challenge from their account. Profit shares and affiliate commissions are deposited directly into this wallet, and traders can withdraw their earnings as their likings.

Trading Commissions

Turbo Trade Fund has not mentioned the trading commission charged per lot but they have partnered with QuickTrade(pty)Ltd. to provide the competitive commission rates.

IP Rule

Traders must have to trade from only one IP address at any given time. Turbo Trade Fund does not allow multiple IP addresses is strictly prohibited.