FREQUENTLY ASKED QUESTIONS
QUESTIONS AND ANSWERS
IS UNI VIRTUAL FUNDING A BROKER ?
No, Uni Virtual Funding isn’t a broker.
We offer our clients simulated funded demo accounts, which they can access after successfully completing a one or two-step evaluation process.
WHAT EVALUATION PLANS ARE WE OFFERING?
Currently, we offer 50k to 500k accounts for both 2 Steps No Time Limit or 2 Steps Classic Evaluation, we also offer 50k to 500k accounts for UVF 2 Steps Evaluation and we offer 50k to 500k accounts for One Step Evaluation.
CAN I TRADE NEWS?
Yes, you are allowed to trade on news.
CAN I TRADE CRYPTOS DURING THE WEEKEND?
Yes, you can trade cryptos during the weekend.
IS IT MANDATORY TO USE STOP LOSS AND TAKE PROFIT?
While we highly encourage utilizing stop losses and take profits as part of disciplined risk management, we do not make them mandatory.
WHAT ARE THE MINIMUM TRADING DAYS?
There are no minimum trading days requirements during the evaluation for both phases one and two.
CAN I MERGE ACCOUNTS?
You are not able to merge Evaluation accounts or simulated Funded Accounts.
WHAT HAPPENS IF A RULES VIOLATION IS DETECTED ON MY ACCOUNT?
If any breach or prohibited practice violation is detected on your account, that account will be suspended and rendered ineligible for future payouts.
WHAT IS THE MAXIMUM SIMULATED CAPITAL YOU CAN HAVE WITH UNI VIRTUAL FUNDING.?
The maximum capital you can collect is $500,000 on simulated funded accounts
CAN I USE EXPERT ADVISORS (EAS)?
Yes, you can use them as long as the EAs comply with the prohibited trading practices rule.
However, you are not allowed to use high-frequency trading (HFT) strategies and Gold Arbitrage EA.
WHAT ARE PROHIBITED TRADING PRACTICES?
- Exploit errors or latency in the pricing and/or platform(s) provided by the Broker
- Utilize non-public and/or insider information
- Front-run trades placed elsewhere
- Trade in any way that jeopardizes the relationship Uni Virtual Funding has with a broker or may result in the cancelling of trades
- Trade in any way that creates regulatory issues for the Broker
- All-0r-Nothing Trading, where you can lose the account in one trade
- Any trading style that we deem too risky will result in a retake
- Trade in opposite directions with another trader or another account or otherwise trade in concert with another trader to manipulate the market, the broker’s pricing or performance metrics
- Utilize any third-party strategy, Expert Advisor, off-the-shelf strategy or one marketed to pass assessment accounts will lead to a breach of your account or payout. We may require to prove that your Expert advisor is your own by presenting the code for any doubts we have, at our own discretion
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Utilize one strategy to pass an assessment and then utilizing a different strategy in a simulated funded account, refers only to the use of EA in assessment and manual trading in simulated Funded stage and vice versa, as determined by Uni Virtual Funding in its sole discretion
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It is essential to successfully complete each challenge individually. Importantly, you cannot duplicate trades (whether executed manually or via EA) from a master account to an evaluation account or from one evaluation account to another. This applies to both the trades and trade ideas. After successfully passing the evaluation process, you have the flexibility to either combine the Master/Funded accounts into a single account or keep them separate, based on your personal preference.
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If Uni Virtual Funding detects that your trading constitutes Prohibited Trading Practices, your participation in the program will be terminated and may include forfeiture of any fees paid to Uni Virtual Funding. Additionally, and before you shall receive a simulated funded account, your trading activity under these Terms and Conditions shall be reviewed by Uni Virtual Funding to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, you shall not receive a simulated funded account or, if trading already trading in a simulated funded account, we may close that account, in which case you will forfeit any profits therein.
HOW IS ACCOUNT INACTIVITY CALCULATED?
If your account is inactive for 45 calendar days, it will be breached, both on Evaluation and simulated Funded Accounts. However, If you don’t log into your account for 30 days, it will be deleted automatically on the side of ThinkMarkets which will resume to a hard breach.
WHAT IS A UNI VIRTUAL FUNDING SIMULATED FUNDED ACCOUNT?
Upon successfully passing the evaluations and receiving their certificate, contractors will be granted new credentials to access a simulated Funded Account (Simulation) that is funded with virtual funds. It’s essential to note that this simulated Funded account is entirely simulated and mimics real market data and clearing from liquidity providers. The trading data is managed and sent to a partnered proprietary trading firm based on strategies that are managed within our risk management team. The trading firm copies trades at their own discretion, utilizing proprietary risk management techniques and aggregated orders. We never issue real funds, and members are paying a fee for an educational trading evaluation with an opportunity for their strategies to be copied and receive compensation as an independent contractor. It’s important to clarify that we are not a broker.
WHAT INSTRUMENTS CAN YOU TRADE WITH US?
FX pairs and CFD indices, metals, commodities, equities and cryptocurrencies.
IS HEDGING ALLOWED?
Not Allowed.
WHO IS ALLOWED TO TRADE MY ACCOUNT BESIDES ME?
All trading accounts linked to our Uni Virtual Funding challenges must be operated solely by the account owner and must not be modified once a phase has been completed.
Kindly note that sharing login information with other traders is strictly prohibited. Therefore, we strongly discourage accessing any trading account through VPN or VPS to ensure accurate data tracking within our internal systems.
The utilization of any services related to account management, “pass your challenge,” or copy trading is strictly forbidden. Any engagement in such activities will result in the rejection of funded accounts and a permanent ban from our services.
Any violations of the aforementioned guidelines, as detected by our system, will lead to account breaches and a permanent ban from accessing our services.
WHICH COUNTRIES ARE NOT ALLOWED TO APPLY FOR UVF?
We currently do not accept clients from, Cuba, Sudan, Syria, North Korea, Libya, Pakistan
WHEN DOES MY EVALUATION START?
The evaluation starts the day you take your first trade.
WHEN WILL I RECEIVE MY CREDENTIALS?
You will receive your credentials in a delay of a maximum of 24 business hours after your purchase.
WHAT HAPPENS WHEN I PASS PHASE ONE?
You will automatically receive phase 2 credentials by email within 24 business hours (available also on Dashboard).
WHAT HAPPENS WHEN I PASS PHASE TWO?
Upon successful completion of Phase 2, your trading accounts enter a comprehensive review process. After completing the review process you will get the email regarding security fee payment for getting your funded account. This mail will also have your challenge passing certificate.
WHEN WILL I RECEIVE PAYOUTS FROM MY SIMULATED FUNDED ACCOUNT?
You will be eligible for your first payout after 14 hours from your first trade. After the first payout, you will be paid on a monthly basis (every 30 days), but you also have the possibility to access your subsequent payouts weekly (every 7 days) or bi-weekly (every 14 days) by selecting the add-on while purchasing your challenge.
HOW LONG DOES IT TAKE TO COMPLETE THE EVALUATION?
For No Time Limit and Evaluations you can trade on your account until you reach the profit target.
HOW LONG DOES IT TAKE TO RECEIVE MY PAYOUT?
After completing your 14 days, automatically you will receive your payout.
IS THERE A REFUND FOR THE ACCOUNT SECURITY FEE?
Yes, you will be eligible for a 100% refund on your first payout.
HOW CAN I BE ELIGIBLE FOR THE 100% FEE BACK?
You qualify for a 100% fee back by successfully reaching your first payout while meeting all challenge requirements and profit targets in your initial attempt. however, for the Goat Challenge, the refund fee is at the third payout. Clients who achieve challenge requirements but not the profit target and receive a free retry are excluded from this 100% fee back on first payout as they have already benefited from the bonus offer.
HOW DO I RECEIVE MY CERTIFICATE?
Once you get your simulated funded account, the Certificate will be available on mail.
WHAT PAYMENT METHOD DO YOU ACCEPT?
We accept USDT, BITCOIN, TRON AND BNB.
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Disclaimer: Uni Virtual Funding (SL or LLC). and its affiliates (collectively, the “Company”) publish and distribute content that should be regarded as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell securities, or a recommendation, endorsement, or sponsorship of any security, company, or fund. The information contained on the Company’s websites is provided for informational purposes only and is not intended to be relied upon for making investment decisions. Any use of the information contained on the Company’s websites is at your own risk, and the Company assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein constitutes a solicitation or an offer to buy or sell futures, options, or forex. Please note that past performance is not necessarily indicative of future results, and any investment involves risks, including the possibility of total loss of the invested amount. You should always seek professional advice before making any investment decisions. All broker related services are provided by ThinkMarket, Uni Virtual Funding holds zero control over pricing, slippage, or any other buying/selling related occurrences. Uni Virtual Funding (SL or LLC) does not provide broker services, trading services, or hold custody of any investor funds.