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If you don't see your question addressed here, or you have other thoughts or concerns, please contact us.

a.1) Who is trader2B?

Since 2006, trader2b has been helping traders realize and achieve their financial goals. Our mission is to build the largest virtual trading floor in the world, achieving our goals by helping others achieve theirs. We help traders achieve financial freedom, trading from the comfort of their home by providing training, funding and coaching.

a.2) What is remote day trading?

Day trading is the opening and closing of positions on the same day, "No overnight positions". The trading network is remote, and traders can have online access from all over the globe.

a.3) Am I eligible to be a trader? what if I live in Quebec?

Trader2B offers a remote day trading opportunity, which means that we are able to cater to traders from all over the globe who are of 18 years or older. Unfortunately, trader2B was advised that proprietary traders in Quebec must be regulated by the AMF. You can sign up here whenever you’re ready.

a.4) Which exchanges does Trader2b have access to?

You will have remote trading access to U.S. equities and securities from NASDAQ and New York Stock Exchange. For a list of the symbols that are being offered, please refer below: ToroChallenge Symbols List

a.5) Can I have more than one active account?

We understand that some traders may have their own trading strategies that require more than one account which we can accommodate, but within the rules such as no wash trading within the accounts.

a.6) What holidays affect my trading schedule?

Trader2B follows the same holiday schedule as the New York Stock Exchange (NYSE). Please click here for the list of the official holiday calendar.

a.7) What is the difference between ToroChallenge™ & Pro Trader?

ToroChallenge™: traders must prove themselves through a simulation account. Pro/Funded Trader: traders that have proven themselves on the ToroChallenge™ and are eligible for payouts.

a.8) What is my goal at Trader2B?

The objective of any of the two programs (Toro or Live) that we offer is to reach the profit target without breaking any rules. The profit target is the amount of net profit that needs to be achieved upon completion of any of the programs in order to be considered for a Funded Live Account.

a.9) Can I trade TSX, Forex and Cryptocurrencies?

We are always listening to our traders to try and add more markets. For more questions please contact trading@trader2b.com

a.10) Which platform will I be using with Trader2B?

You will be using the Haywood Trader platform and Haywood Mobile Trader. For more information please visit https://haywoodtrader.com/

a.11) Is there a deposit required for my account?

There is no capital investment or risk deposit required.

a.12) Why can’t I trade a symbol anymore?

From time to time, the ETB short list changes, therefore Trader2B must be up to date with the allowable symbols list. The goal is to be trading in the ToroChallenge as if you were trading in the real market.

a.13) Can I have a Trial Account?

Yes. We do offer a 14-day trial account with real-time market data. Traders engaging in this trial account will not be given the chance to be eligible for a funded live since the purpose of the trial account is for traders to get accustomed to the platform and its functionalities. Apply now!

a.14) Can we apply as a trading group or trading school?

Yes. We have the capital, technology, and infrastructure to accommodate sizable groups and schools.

a.15) What do you offer experienced day traders and groups?

Established traders and groups are provided: • Direct market access • Dark pool access • Customizable order routing • Higher payouts paid weekly • Automated trading availability • A state of the art trading desk • Competitive fees Please contact trading@trader2b.com if you have any questions.

a.16) Can I short trade or just long trade?

Yes, you can short stocks and ETF’s. We will provide the traders with a list of the most liquid symbols that can be shorted. If ever the symbol you wish to trade is not in the list, please contact us and we will add it to the list if it is available to short.

a.17) What are the platform requirements?

• 64-bit Operating System • 8GB RAM • At least 1MBS internet connection • At least Windows 7 • Preferably 2 screens

a.18) How can I improve my trading?

Trader2B offers a variety of resources to help develop your trading: • Log into the Dashboard and listen to one of our highly decorated veteran traders. • Watch in-depth videos and test yourself with questions based on what you have learned • Trader2B's Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress their trading.

a.19) Can I trade Forex, Options and Futures with Trader2B?

Trader2B does not support trading Forex, options, and futures for the moment. We allow access to US-listed stocks and ETFs. Please click here for a complete list of t2B tradeable symbols.

a.20) Do I need to be licensed to apply with you?

No, you don't need a license to join, however Quebec traders will not be able to trade because they might need to be licensed by the AMF.

a.21) Can I use my own algorithms to trade with Trader2B?

Yes, we can provide traders to trade using their own algorithms, please contact us: support@haywoodtrader.com for the process and exchange approval for algorithmic trading.

a.22) Can I use the platform and the mobile app at the same time?

You cannot be signed in on both the desktop platform and the mobile app because traders will not be able to send orders from both simultaneously.

a.23) Do you allow OTC trading?

Unfortunately, Trader2b does not trade over-the-counter stocks. We trade the most liquid names that are also available to short in the stock market. For a complete symbols list, please refer to our ToroChallenge™ Symbols List.

b.1) What is the ToroChallenge™?

The ToroChallenge™ is a real-time, simulated trading system. You can test your strategy and prove to be profitable in the markets. You also must demonstrate you can manage risk and that our capital is safe in your hands. This is designed to ensure consistency and to get you to your ultimate goal of a Funded Live Account. If you meet the Profit Targets in the ToroChallenge™ without breaking a rule, your Funded Live Account will be waiting.

b.2) How do I get started?

The first step is to sign up to the trader2B Dashboard and enroll in one of the ToroChallenge™  programs. The second step is to follow the ToroChallenge rules and parameters while reaching the profit target with a minimum of 200 round trades. Lastly, earn your funded trading account and claim your well-deserved profits.  

b.3) What are the rules for ToroChallenge™?

The ToroChallenge™ is a real-time, simulated trading system. You can test your strategy and prove to be profitable in the markets. This is designed to ensure consistency and to get you to your ultimate goal of a Funded Live Account. Once you reach the Profit target along within the minimum amount of round trades without breaking any rules, your Funded Trading Account will be waiting:
1. Only trade allowed symbols intra-day. No pre/post market orders.
2. Traders need to flat all positions before 15:57 EST.
3. Do not reach or exceed the Total Max Drawdown.
4. Pick a handful of symbols that are most profitable for you to trade consistently.
5. Respect the Daily Max Loss as mentioned below.

ToroChallenge™ Parameters

Toro25

Toro50

Toro100

Buying Power
$25,000
$50,000
$100,000
Daily Max Loss
$200
$300
$500
Account Max Drawdown
$1,000
$2,000
$3,000
Round Trades
200rt
200rt
200rt
Profit Target
$1,500
$3,000
$6,000

Reset
Traders can also choose to Reset their account at their own convenience which will reset their account balances and trading statistics to 0.
Renew
Traders can also carry forward their account balances when they renew their account regardless if it was positive or negative.
Refunds
The initial ToroChallengeTM subscription refund will be paid out to the trader, once they request their first payout from their Funded Trading Account.  

b.4) What does ‘Have a minimum of 200rt’ mean?

-Buying and selling a stock equals to one round trade. -Simply put, having 400 trades is considered to be 200 round trades.

b.5) What is the Daily Max Loss?

Your Daily Total PNL cannot reach or exceed the Daily Max Loss Limit at any point during the trading day (9:30am – 4pm). If at any time your Total PNL does exceed this amount for your account, any open trading positions may be flattened, any pending orders may be canceled, and your account may be prevented from placing any new trades until the start of the next trading day (9:30am). The Daily Max Loss Limit is factored based on each trader’s Total PNL, which includes both unrealized and realized trade PNL values. For example, in a $100K ToroChallenge, the Daily Max Loss is $500. Therefore, if at any point during the trading day your Total PNL reaches or exceeds -$500, the Daily Max Loss is considered to be breached and you will not longer be able to trade for the remainder of the trading day.  

b.6) What does Max Position Size mean?

The Max Position/Symbol is the maximum shares of one symbol position allowed. For example, if you have a Max Position of 1000 shares, you can only trade up to 1000 shares per symbol. You can trade multiple symbols at the same time.

b.7) If I reach the Max Drawdown, does my account automatically shutdown?

If your account balance from the trading report exceeds the Total Max Drawdown, your account’s buying power will be set to $0 until you reset your account.

b.8) Do I get a funded live account if I reach the profit target but not the 200rt?

No. the reason being is that trader2B wants to ensure that traders can maintain consistency in their trades while being profitable.

b.9) What will happen to my account balance when I renew?

Traders will carry forward their account balances if they renew their account before or on the expiration date. (Free reset will be provided to the account upon renewal)

b.10) When & what symbols can I trade in the ToroChallenge™?

Trader2B offers a real-life trading experience, therefore traders must trade within Open Market hours which are 9:30am – 4:00pm EST. You can find a list of the symbols we offer for the ToroChallengeTM traders here.

b.11) What is the max loss per share of a symbol?

Please refer to the t2B symbols reference table for the max loss per share of a symbol. It is the responsibility of the trader to monitor and implement their drawdown positions when the max loss is reached.

b.12) When and how will I get my credentials?

Once enrolled, you will receive an email containing the login credentials, the procedures, rules and a symbols list to get started with your ToroChallengeTM Account. Please contact trading@trader2b.com if you have any questions.

b.13) After proving myself, do I still have to pay the monthly Toro subscription?

Once you become a Pro/Funded Trader, there will be no need to pay the monthly ToroChallenge subscription. The only monthly fee you will need to pay is $85 for the professional market data.

b.14) Can I trade right after I get the email with my login credentials?

You will be able to log into your account once you get the email from the support team containing your username and password. However, you will not be able to execute trades until you follow the steps provided in the email to register for the real-time market data.

b.15) How do I complete the ToroChallenge™?

Traders will complete the ToroChallenge™ when they reach their profit target of 6% of their buying power and executing a minimum of 200 round trades without breaking any trading rules.

b.16) Why are there trading fees on the trading report, when I use ToroChallenge™?

The reason we add fees during the ToroChallenge™ is that trading the stock market is not free in the real market. When you pass the ToroChallenge™, you will get a funded account to trade in the real market with real money, and you will have exactly the same fees on your funded trading account. The net PnL is the accurate profit indicator showing you what you have made during the trading day.

b.17) How does the billing cycle work?

Your subscription starts the day that you sign the real-time market data for the ToroChallenge™.  Whether it be monthly or quarterly, you will be billed at the end of your subscription cycle automatically. If you do not wish to be billed or would not like to continue the ToroChallenge subscription, you will need to inform us at least 10 days in advance from the end of your billing cycle at trading@trader2b.com

b.18) Will I get funded if I meet the profit target and minimum round trades in the 14 day trial?

Unfortunately, the 14 day trial is meant for traders to familiarize themselves with the platform and its functionalities. The 14 day trial results do not count as metrics towards the ToroChallenge.

b.19) Will my account get shutdown if I reach the max drawdown during the 14 day trial?

No, your account will not get shutdown if you reach the account max drawdown. The 14 day trial is meant for traders to get acquainted with the platform and its functionalities.

b.20) How can I review my trading performance?

Trader2B provides traders with MyMetrics, which is available from the Dashboard. This gives traders a detailed summary of their trading history to better analyze and improve their trading strategies.

b.21) What is a Reset?

Since the ToroChallenge™ is designed to allow you to learn from your mistakes in a safe environment, you may reset your account balance and rules at any point in the ToroChallenge™ for $100. (To process a Reset payment, you will need to login on your dashboard.)

b.22) Am I able to upgrade my ToroChallenge™ account?

Traders can surely upgrade their ToroChallenge package if they feel that it would be more beneficial to them to have access to a higher buying power.

b.23) Am I only limited to trading the symbols provided in the ToroChallenge™ Symbols List?

Trader2B is always looking to add more symbols to our traders ToroChallenge™ Symbols List. The symbols list provided to ToroChallenge™ traders include the most liquid and shortable names traded in the stock market. If a trader has any symbols in mind that they would like to trade but is not available in their trading list, they can surely send us a request at support@trader2b.com

b.24) Do I have to be in a higher ToroChallenge™ tier to have access to all the educational resources?

Regardless of the ToroChallenge™ package that you have subscribed to, Trader2B will give access to all of the educational resources that are available to its traders.

b.25) Is the profit target just profits from the trades or are fees deducted?

The profit target is the profit of the trades minus fees.

e.1) How long does it take to increase my buying power and share limits?

When the traders have proven to be more profitable, they can request an increase in their buying power. Share limits may be increased anytime during the evaluation period and thereafter.

e.2) What is the frequency of the payout and how is it made?

Trader2B issues payouts on a weekly, bi-weekly or monthly basis based on the profits of the previous month. The frequency of payouts are completely up to the trader. Trader's account balance will be adjusted at the end of each month. Payments are made through PayPal or bank wire transfer.

e.3) Does t2B pass the exchange rebates back to the trader?

Yes. Trader2B passes back the exchange market rebates.

e.4) What is the Payout rate?

If traders make a profit of up to: • $1-$5,000 > keep 50% • $5,001-$10,000 >  keep 70% • $10,000 + > keep 85%

e.5) How much is Pro Market Data?

Professional market data will range from $85 - $300 depending on which data does trader require such as Level 1, Level 2, Total Open View and so on. Professional market data will only be available for Pro/Funded Traders once they complete their ToroChallenge™ program.

e.6) Funded live trading account and Pro Trader rules

 

  1. Traders must trade the most profitable symbols from the ToroChallengeTM.
  2. Traders need to build equity within their account to create a “cushion” room before they can trade other symbols, increase their daily max loss and the Buying Power.
  3. If the trader reaches the daily max loss for two consecutive days, the daily max loss will be reduced to half for the following day.
  4. If the trader reaches the daily max loss for three consecutive days, they must go back to the ToroChallengeTM and prove themselves again at their own cost.
  5. Trader’s Responsibility: The Trader is fully responsible for managing their positions. If the trader reaches 200% of their daily max loss in one day, they will need to prove themselves again in the ToroChallengeTM at their own cost.
  6. All trades must enter orders between 9:30 to 15:55 EST time; Traders need to flat all positions before 15:55 EST.
  7. No overnight positions.
  8. Respect the Per Position Max Loss.
Max Loss/Equity Table
Parameters Live 25K Live 50k Live 100k Live 150k Live 250k
Buying Power $25,000 $50,000 $100,000 $150,000 $250,000
Daily Max Loss $200 $300 $500 $800 $1,000
Max position/symbol 300 shares 500 shares 1000 shares 2000 shares 3000 shares
  Buying Power Increase Table
Starting BP Account Equity “Cushion” BP Increase to
$100,000 $15,000 $150,000
$150,000 $25,000 $250000
$250,000 $35,000 $500,000
$500,000 $60,000 $750,000
$750,000 $90,000 $1,000,000

e.7) How much equity do I need to build before I can request more buying power, share limits or additional trading symbols?

Pro Traders would need to build up an equity balance in the Live trading account before they can request to have additional buying power, changes to share limit or request a symbol to be traded that is not in the allowable symbols list.

e.8) What stocks can I trade in the Pro/Funded live trading account?

Traders must trade their most profitable stocks from the ToroChallenge at the start of their funded live trading account until they have built up equity balance in the account. Once equity has been built, the trader will have the flexibility to trade other stocks in the allowable symbols list.

e.9) When will my refund be issued?

Trader2B will refund the initial subscription fee from the ToroChallengeTM once the trader requests their first payout from their Funded Trading Account.                   

e. 10) What happens when a trader hits a 3-day losing streak?

If a trader has 3 consecutive losing days, the trader must go back to the ToroChallenge and complete it again to be back in the Funded live trading account.

f.1) AnyDesk

We advise traders to download AnyDesk to allow access to share the traders computer screen with a support agent. This way our team of dedicated support representatives can work on your troubleshooting issues first-hand.

f.2) Why can’t I log in?

Normally traders don’t have any issues logging in to the platform. In the case that a trader has trouble logging in, it is usually due to the trader’s computer connection with the server. You will need to close the application and restart the computer to revive your connection to the servers. If you are still having trouble logging in, please contact our support team at trading@trader2b.com

f.3) Why aren’t I able to execute orders?

There are a few reasons why traders are not able to execute orders: • You didn’t assign a destination for your orders and executions. • You did not select the desired amount of positions to trade for the chosen symbol • Make sure the ‘Market Data’ and ‘Haywood’ connection is active (if not, try closing the application and logging back in. Normally it’s because your computer missed a signal from the server)

f.4) Why is my Market Data not showing?

Trader’s market data subscription restarts at the end of the trader's calendar month for a fee of 49$.

f.5) Why am I not allowed to execute trades directly from the Chart?

The Chart trading functionality will only work when you assign your Default Destination in the Settings Menu.

f.6) When flatting, what does “Insufficient Buying Power or Account Balance” mean ?

That means you have open orders in the order blotter window, so you will need to cancel all the open orders to continue trading.

f.7) Why isn’t the Haywood Trading Application turning on on my desktop?

Give the support representative your TeamViewer credentials to log onto your computer. Please make sure your computers software settings have atleast 8gb of RAM and 64-bit. Next, check the Task Manager to verify if the computer is being used more than normal.

f.8) Why isn’t my chart working?

Check the link of the chart if it responds from the internet browser. If not, clean the cookies

f.9) Why does my account status say ‘Closed Position Only’?

When a trader reaches his daily Max Loss during the day, his account will be in Close/Cancel Only mode and he will be unable to send orders or execute trades for the remainder of the day, until the next trading day.

f.10) When I login to Haywood Trader, why does it say “You don’t have any Quote Media account, please register your Quote Media account here”?

It means that you have not registered for real-time market data with Quote Media. Please follow the instructions that are attached with ToroChallenge™ credentials email. If you need any help, please contact us at trading@trader2b.com.

g.1) What are the main features of Haywood Trading Platform?

Chart Trading is a feature that allows you to execute trades directly from the chart. We try to make life easier by making trading easy. QuickTrade is also a feature which enables traders to trade with a simple click of either buy or sell, without having to stress over which button to press or not to press. For all other key features and benefits, please visit www.haywoodtrader.com/products

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