Upcomers explicitly forbids any kind of platform abuse or cheating, as it contradicts our agreed-upon Terms and Conditions (T&C) during registration. Traders are strongly advised to go through our Terms and Conditions and comprehend the subsequent guidelines to avert unintended repercussions.
System exploitation refers to disallowed trading styles that deviate from genuine market trading and will result in a T&C violation without prior warning. The use of strategies ensuring risk-free, consistent profits exclusively on Challenge accounts is strictly prohibited. Traders are anticipated to execute trades on their accounts as though they were Upcomers accounts. The employment of strategies capitalizing on Challenge accounts will result in the discontinuation of an Upcomers Trader's account, whether during the evaluation phase or while possessing an Upcomers account. "Pass Your Challenge," "Copy Trading Services," or "Signal Services" are also strictly prohibited, leading to the rejection of any Upcomers accounts and a permanent ban from all Upcomers services.
Strategies That Violate our T&C :
Hedging or Group Hedging Across Various Accounts:
Hedging is prohibited at Upcomers, even when conducted under the same account.
Hedging or group hedging across multiple accounts involves a trading strategy where an individual or group opens multiple accounts and initiates opposing trades on the same asset across all accounts. This tactic aims to take advantage of price fluctuations while reducing market risk. However, it does not align with authentic trading practices and is not allowed.
Copy Trading:
Upcomers allows traders to participate in copy trading from another Upcomers account, proprietary firm, or retail broker, as long as the accounts belong to the same individual. This implies that you can replicate trades from any account(s) that you personally own.
Nevertheless, copying trades between multiple accounts owned by different individuals, including relatives, family members, or friends, is strictly prohibited.
In case a significant portion of your trades closely mirrors those of one or multiple traders in terms of parameters such as Opening Price, Closing Price, lot size, lot ratio, symbols, etc., Upcomers employs an automated flagging system to identify such trades. If a flag is triggered on your account, it will undergo a manual review.
Traders are permitted to use the same Expert Advisor as others, but it is imperative for each trader to ensure that their trading parameters are distinctive, aligning with their individual trading style and account. If multiple traders using the same expert advisor exhibit identical trading parameters, and similar trades are detected among them, it will be regarded as copy trading.
Copy trading, account management, and services like "pass your challenge" are strictly prohibited. Traders are expected to conduct independent trading.
High Frequency Trading (HFT):
High-Frequency Trading (HFT) is a sophisticated trading strategy characterized by the rapid execution of a large number of trades within extremely short timeframes, often in milliseconds. This approach relies on advanced computer algorithms and high-speed telecommunication networks to capitalize on minimal price fluctuations and exploit market inefficiencies.
While HFT has the potential for quick profit generation, it is not without risks. The speed and volume of transactions can contribute to market volatility and may pose challenges for traditional market participants. Additionally, concerns have been raised about the impact of HFT on market integrity and fairness.
Quick Strike Method
The Quick Strike Method is a high-speed trading strategy where traders capitalize on short-lived market movements by executing numerous trades in a brief period. Typically, positions are held for only seconds or minutes, aiming to profit from small, immediate price fluctuations. While this method can yield rapid financial gains, it comes with significant risks.
Despite the potential for quick profits, the Quick Strike Method can increase market volatility and lead to artificial price changes. This heightened volatility can mislead other traders and create a distorted view of market conditions. Consequently, the Quick Strike Method poses challenges for maintaining the integrity and fairness of the trading platform.
Latency Trading:
Latency trading involves executing trades by taking advantage of delayed market data or exploiting delays in trade execution to ensure certain profits. At Upcomers, we strictly prohibit latency trading because it is considered unethical and goes against fair trading practices in financial markets.
"Pass you challenge" services
Account management services that promise to "pass your challenge" are prohibited. These services manage other individuals' trading challenge accounts, with the goal of passing the evaluation phase and securing funding on behalf of the account owner. In exchange, they take a percentage of the profits generated.
Arbitrage Trading:
Arbitrage trading is the practice of capitalizing on price differences or time disparities across various markets or platforms to secure risk-free profits. At Upcomers, engaging in any variant of arbitrage trading is explicitly forbidden due to its unethical nature and the potential to disrupt fair market conditions.
Tick Scalping:
Tick scalping is a trading strategy that involves making very quick trades to profit from small price movements, typically within seconds to minutes. Traders using this strategy focus on “ticks,” the smallest possible price movement in a financial instrument and aim to accumulate small profits repeatedly throughout the trading session. This approach requires a high level of concentration, fast execution, and often involves using leverage. Traders typically close positions as soon as a small profit target is reached or exit quickly to minimize losses if the market moves against them. At Upcomers, restrictions are in place for tick scalping due to its potential for market manipulation and disruptive trading practices.
Grid Trading:
Grid trading is a strategy that involves placing buy and sell orders at set intervals (a “grid”) above and below a set price level. The idea is to profit from the natural market volatility without predicting the market direction. As the market price fluctuates, the orders are triggered, leading to multiple positions being opened. The trader profits from the price moving between these grid levels. The strategy works well in ranging markets but can be risky in trending markets if not managed properly. At Upcomers, grid trading is not allowed due to concerns about potential market manipulation, over-leveraging, market instability, and the pursuit of risk-free profits.
Account Sharing:
Account sharing involves the unauthorized sharing or resale of Upcomers accounts with individuals or entities. This practice is a clear violation of Upcomers' Terms of Service and is strictly forbidden. A zero-tolerance approach towards account sharing is upheld for reasons pertaining to security, fairness, and compliance.
Hyperactivity:
Hyperactivity in trading denotes an elevated level of trading activity, where a trader engages in frequent and rapid execution of trades within a short timeframe. This encompasses not only the high frequency of trade execution but also frequent adjustments to orders, such as modifying stop-loss or take-profit levels and updating limit orders.
We categorize an account as hyperactive when it exceeds 200 trades and generates more than 2,000 server messages in a single day. This tally encompasses messages related to frequent modifications of orders, such as adjusting stop-loss or take-profit levels, and updating limit orders.
Prohibition of Unfair Advantage through Platform or Data Freezing Due to Demo Server Errors:
The utilization of any unfair advantage, including platform or data freezing due to demo server errors, is strictly forbidden. This measure is in place to maintain an equitable environment for all traders and to prevent deceptive or misleading practices. Traders discovered engaging in such behavior will undergo investigation, and corrective actions, including potential access revocation to our demo servers, may be implemented. In cases of server issues, traders are urged to promptly report the problem to Upcomers support team.
Martingale Trading:
The Martingale strategy involves doubling your investment after each loss, with the idea that eventually, a win will recover all losses and produce a simluated profit. Regarded as a form of gambling, this strategy is highly risky, potentially leading to substantial simulated drawdowns and the simulated loss of all capital if a trader encounters a prolonged series of simulated losses.
One-sided bets:
One-sided bets are a trading strategy where a trader consistently takes positions in a single direction, ignoring market conditions and without proper analysis.
Example:
Imagine a trader who always bets that a particular currency pair will increase in value. They enter long positions repeatedly, expecting the currency to rise indefinitely. This approach is taken without considering market conditions or paying attention to indicators that suggest the contrary