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JD 1 year ago

Updated New User Trade Guideline

Transition from newbie to pro trader with ease! Follow Tafabot's updated New User Trade Guidelines for a gradual approach to trading futures.

The journey to becoming a pro trader is like the journey of a child from birth to adulthood. It comes with episodes of highs and lows. From learning to crawl, we master to stand, and with time we can take a few steps (and fall) and not so long after that, we are running everywhere, playing with other kids in the block. Yet, it is not until we become trained adults that we are able to drive vehicles safely on very busy traffics and speedways. 


Here at Tafabot, our goal is to provide all our user a gradual transition that helps them minimize the risks they are exposed to as they journey from crypto newbies to becoming professional trader.


The following guidelines apply to all our new subscribers:


  1.  Month 1: To qualify to trade Futures market using our platform, every new subscriber must engage on a compulsory 30 day of trade on any of our Spot bot options. Within this interval, our algorithm calculates trade frequency to determine an actively trading account and decides when to unlock the Futures bot options following success rates. On the average, our algorithm requires between 27-33 successful and profitable trades to allow new users progress to trying out the futures bot options.
  2. Month 2: Upon unlocking the Futures bot options, these new users will be restricted to a maximum of 5x leverage for the first 30 days. Averaging a minimum of 150 successful trades within the interval is the criteria for the next unlocking.
  3. Month 3: Fulfilling the above condition will automatically unlock more leveraging up to 10x. A minimum of 150 successful trades done within the next 30-day interval is required for the next phase of unlocking process.
  4. Month 4: Users who fulfil the process above will unlock leverage up to 20x. A minimum of 150 successful trades done within the next 30-day interval is required for the final unlocking process.
  5. Month 5: Fulfilling all conditions above unlocks the leverage to the maximum permitted by your exchange of choice.



NOTE: Users must fulfil the minimum required number of trades for any specific month to progress, otherwise our algorithm will restrict the user until the conditions are met.


CAVEAT: Are a pro trader? And you believe you understand the full risks associated with futures (leveraged) trading, and desire to have a waiver on the above restrictions? Do send us an email to [email protected], to apply for a waiver. 


Waivers are processed within 5 working days. 


Happy trading! 

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