FAQ’s – EverBlue Trader

Frequently Asked Questions

Get Clear Answers to Common Queries Before You Start Your Trading Journey with EverBlue Trader.

What is Everblue Trader?

Everblue Trader is a proprietary trading firm that identifies talented traders and provides them with capital to trade Forex, Crypto, Stocks, Commodities, and Metals. Our structured evaluation process ensures only skilled and disciplined traders manage our funds.

How to start?

To begin trading with EverBlueTrader, simply visit https://everbluetrader.com/, log in or create an account, buy a challenge, and you can start trading right away.

Who can join EverBlue Trader?

Anyone aged 18 and above from eligible countries can apply. We welcome traders of all experience levels and provide them with an equal opportunity to prove their trading skills.

What trading platforms do we offer?

At present, we offer the Tradelocker, but we plan to expand our offerings in the near future.

What are the stages of the evaluation?

Our evaluation process consists of two stages:

Phase 1 (Evaluation):
• Profit Target: Achieve an 8% profit target.
• Drawdown Limits: Maximum 5% daily and 10% overall.
• Leverage: Up to 1:100.
• Minimum Trading Days: 5
• Time Limit: None – take as long as you need. Why?: Removing time constraints allows traders to focus on consistent and disciplined trading, rather than rushing to meet deadlines. This encourages proper risk management and sustainable trading practices.

Phase 2 (Verification):
• Profit Target: Achieve a 5% profit target.
• Drawdown Limits: Maximum 5% daily and 10% overall.
• Leverage: Up to 1:100.
• Minimum Trading Days: 5
• Time Limit: None – progress at your own pace. Why?: This phase ensures traders can replicate their performance over a longer period, demonstrating consistency and discipline without the pressure of time restrictions.

If a trader has met all our trading rules and qualified for review, they must allow 24-48 hours for us to assess their account before proceeding to the next stage.

Minimum and maximum trading days

To meet the minimum trading requirement of our Challenges, you need to trade for at least 5 days in Phase 1 & 2, opening at least one position each day.

What is the duration required to become an EverBlue Trader?

To successfully complete the Evaluation phase, you must trade for a minimum of 5 trading days (these days do not have to be consecutive). The same requirement applies to the Verification phase, where you are also expected to trade for at least 5 trading days.

What are the maximum lot sizes?

Maximum lot sizes are enforced to ensure responsible trading, depending on account size:

During the evaluation phase, exceeding the allowed Lot Size will be considered a soft breach (pending review). However, once in the funded phase, any violation of the Lot Size rule will be deemed a hard breach and will result in account closure.

Leverage rule: Traders will move over to 1:100 leverage once they are funded. Whilst in the evaluation phase, they will be trading with a 1:30 leverage.

Maximum simultaneous open positions

We allow traders to have multiple open positions across all asset classes at Everblue Trader, provided they adhere to the following rules:

Lot Size Limits You cannot exceed the maximum lot size limit when considering all open positions combined. If you do not follow the rules, it is considered a soft breach (pending review).
Risk Management Rules Your total exposure across positions must respect our drawdown limits.

High-Frequency Trading (HFT) is strictly prohibited. Any trading activity that involves ultra-fast execution speeds, automated scalping with minimal holding time, or exploitation of market inefficiencies through latency arbitrage will result in disqualification from our program.

Can I trade during news events?

Phase 1 and Phase 2: News trading is allowed with no restrictions. Funded Stage: Opening new trades is not permitted within 5 minutes before or after high-volatility news events. Holding trades through these periods is allowed. Why?: High-volatility news events can lead to unpredictable market behavior. This restriction ensures stability and safeguards the capital of both the firm and the trader.

Are EAs (Expert Advisors) allowed?

Yes, EAs are allowed under specific conditions:

EAs must comply with all risk management rules, including maximum drawdown and consistency requirements.
EAs employing prohibited practices such as latency arbitrage, tick scalping, or market manipulation are strictly prohibited.
Traders should be aware that using widely available third-party EAs could lead to account issues if multiple traders utilize the same strategy simultaneously.

Why?: We allow EAs to support innovative and automated strategies while ensuring that their use does not compromise the integrity of trading practices. Prohibiting certain EA behaviors prevents unfair advantages and protects the trading environment.

What trading practices are prohibited?

The following practices are prohibited:

Copy Trading – Copying from your Master is allowed
Trade Mirroring
High-Frequency Trading (HFT) and Tick Scalping are strictly prohibited. Any strategy that involves ultra-fast execution, excessive order placements within milliseconds, or exploiting minor price fluctuations with minimal holding time violates our rules. Traders found engaging in these practices will be disqualified.
Market Manipulation
Latency Arbitrage

Why?: These practices undermine the integrity of the trading environment and create unfair advantages. We are committed to ensuring a level playing field for all traders.

Is a stop-loss required?

A stop-loss is not mandatory for every trade. However, all trades must:

Respect the daily drawdown limit of 5% and overall drawdown limit of 10%.
Align with your usual trading strategy to comply with the Consistency Rule. We strongly encourage traders to use stop-loss orders as part of disciplined risk management practices.

Am I trading with real funds?

During both the evaluation and funded stages, you are trading in a simulated environment that mirrors live market conditions. This ensures compliance with regulatory requirements while providing a realistic trading experience. Why?: This structure allows traders to focus on performance without the direct risks associated with real capital, while payouts are based on performance metrics from this simulated environment.

Will a salary be offered with the scaling plan?

We do not offer a fixed salary. However, the combination of monthly profit withdrawals and account scaling ensures consistent and scalable earnings for successful traders.

If I have a trade open before news, can I close it during the news release?

Yes, you can close trades during news releases. However: Opening new trades within 5 minutes before or after high-impact news events is not permitted during the funded stage – This violation will result in a hard breach.

Is there a profit cap?

No, there is no profit cap. You can generate as much profit as possible, provided you respect the drawdown limits and adhere to our trading rules.

Can I hold positions overnight and over the weekend?

Yes, you are allowed to hold positions overnight and over the weekend at all stages, including during the funded account phase.

Is the drawdown static or trailing?

EverBlue Trader Drawdown Rules

Daily Drawdown (DDD) Rule (5%):
The Daily Drawdown (DDD) is calculated based on the previous day’s End-of-Day (EOD) equity and resets at the start of each new trading day.

Threshold: 5% of the previous day’s EOD equity.

Calculation: If your current equity drops below 5% of the EOD equity, you breach this rule.

Reset: This rule resets daily at 00:00 UTC.

Example: Previous day’s EOD equity: $12,784.60

Daily Drawdown limit (5% of $12,784.60): $639.23

Breach Level: If your current equity drops below $12,145.37 ($12,784.60 – $639.23) at any point during the day, you would hard breach.
Overall Drawdown (ODD) Rule (10%):
The Overall Drawdown (ODD) is calculated based on your initial balance when your funded account was activated. It does not reset and remains fixed throughout the account’s lifespan.

Threshold: 10% of the initial balance.

Calculation: If your current equity drops below 10% of the initial balance, you breach this rule.

Reset: This rule does not reset.

Example: Initial balance: $14,563.20

Overall Drawdown limit (10% of $14,563.20): $1,456.32

Breach Level: If your current equity drops below $13,106.88 ($14,563.20 – $1,456.32) at any point, you would hard breach.

Consequences of Breaching Drawdown Limits

If you breach either the Daily Drawdown (DDD) or Overall Drawdown (ODD):

✅All open trades will be automatically closed.

✅You will be unable to place new trades.

✅Your challenge will be failed and cannot be recovered.

Do you have instant funds?

No, Everblue Trader does not offer instant funding. All traders must pass the Evaluation (Phase 1) and Verification (Phase 2) stages to qualify for a funded account. (We are definitely bringing it in, in the future.)

What steps do I take after passing verification?

After successfully completing Phase 2 (Verification) and achieving your profit target:

Onboarding Process: You will receive an official funded trader agreement to review and sign.
Funded Account Activation: Once the agreement is completed, your funded account credentials will be issued within 1-3 business days.
Trading Guidelines Review: We recommend revisiting our trading rules to ensure compliance during the funded stage.

Account Inactivity

Objective: To ensure active participation and efficient resource utilization by all traders.

Inactivity Definition:
A trading account is deemed inactive if no trades are executed for 30 consecutive days without prior approval.
Actions for Inactivity:
– Warning: Issued after 30 days of inactivity.
– Capital Reallocation: If inactivity continues for 7 additional days, funds may be reassigned to active traders.
– Account Suspension: Persistent inactivity beyond 60 days may result in suspension.
Reactivation:
To reactivate, traders must provide a written explanation and confirm readiness to resume trading.
Exceptions:
Approved absences (e.g., medical, personal) are exempt if communicated in advance.
Fees for Inactivity:
A $50 monthly fee applies after 30 days of inactivity, deducted from the account.

Rule: Multiple IP Address Usage for EverBlue Trader Accounts

Purpose:
This rule ensures the security and integrity of trading activities within EverBlue Trader by preventing fraudulent activities and account misuse.

Policy Overview:
In order to maintain the highest security standards, EverBlue Trader monitors account access across various devices and locations. Accounts found using more than three distinct IP addresses will be subject to a security review. This is to verify that no unauthorized third-party access or malicious activities are occurring on the account.

Policy Details:

IP Address Limitation:
Each account is permitted access from a maximum of three distinct IP addresses over any given 30-day period. Should the account exceed this limit, the account holder will be contacted for verification.
Verification Request:
If an account exceeds the permitted three IP addresses, EverBlue Trader reserves the right to request additional proof of identity or authorization to verify the legitimacy of the account holder. This request may include:
- Valid identification or other proof of identity.
- A detailed explanation for the increased number of IP addresses.
- Any relevant documentation to support the claims of the account holder.
Failure to Comply:
Should the account holder fail to provide the requested verification within a reasonable timeframe (48 hours), a final warning will be issued. Continued non-compliance could lead to temporary suspension or permanent termination of the account, in accordance with EverBlue Trader’s security and compliance protocols.
Security Commitment:
This measure is implemented to protect the interests of all account holders, ensuring that unauthorized parties do not compromise accounts. EverBlue Trader takes account security seriously and implements necessary procedures to ensure trust and transparency across its platform.
Review Process:
Should the account holder provide the requested proof and verification, EverBlue Trader will review the submitted documents and reinstate the account’s normal status if no suspicious activities are found. The review process will take up to 5 business days.

Conclusion:
By adhering to this rule, EverBlue Trader ensures the safety of all trading accounts and continues to uphold the integrity of the firm’s operations. Accounts that exceed the defined IP limit without proper verification may face disciplinary actions in accordance with company policies.

For any questions regarding this rule, please contact our customer support team.

Which payment options can I use?

You can pay for an EverBlueTrader Challenge using:

Debit card
Credit card
PayPal
Cryptocurrencies

Do we have any recurring fees?

No, there are no extra or hidden fees. The one-time fee for the Challenge includes everything.

I've paid for the Challenge, when will my account be activated?

We begin processing your Challenge account as soon as we receive your payment. Typically, the process takes no more than a few hours. However, in rare cases, it may take up to 24 hours to set up your Challenge.

What is the maximum number of challenges I can have?

There is no restriction on the number of accounts you can hold. However, as an EverBlue Trader, there is a maximum capital allocation limit of $400,000 per trader (before scaling).

Withdrawals

At EverBlue Trader, you can request your first payout after 30 days of trading. Following your initial payout, you’ll be eligible for bi-weekly payouts. All payout requests are processed swiftly, with a 24-hour turnaround time to ensure you receive your funds promptly.

Phase 3 (Funded) requirements

Minimum Trading Days: Not required
Daily Drawdown: 5%
Overall Drawdown: 10%

Can I trade during a payout request?

No, you cannot trade during a payout request. Traders must be patient after initiating a payout request, as new login credentials will be provided once the request is processed. You can resume trading with your funded account immediately after receiving the updated credentials.

What withdrawal/payout options do I have?

You can withdraw your profits using the following options: Bank Transfer, Cryptocurrencies (e.g., Bitcoin, Ethereum). Profit withdrawals are structured to provide consistent and predictable payouts, similar to receiving a monthly salary.

Code of Conduct

Threats and Harassment
At EverBlue Trader, we are committed to helping all our traders succeed. We understand that challenges may arise, and we encourage open communication to resolve any issues. However, we have a zero-tolerance policy regarding threats or harassment towards our team or the company.

If a trader threatens EverBlue Trader or engages in harassment, we will initiate an internal investigation. If the behavior is confirmed, the trader will be dismissed from our platform immediately. Legal action may also be pursued if necessary.

We value integrity, respect, and professionalism in all interactions. Your cooperation is appreciated.

Frequently Asked Questions

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