FAQs
Last updated
Last updated
TradersYard Challenge is designed to evaluate the trading skills of aspiring, disciplined traders who can consistently generate profits by effectively trading financial instruments such as stocks, ETFs, Indices, forex, commodities, or cryptocurrencies while managing risk.
The sign-up process is explained here.
We accept traders from all around the world. There is no special qualification required. All clients must be at least 18 years old. If you know how to trade profitably and with proper risk management, that is all we care about. Please note that TradersYard does not provide services to persons/countries listed on sanction lists, persons with criminal records related to financial crime or terrorism, and to persons previously banned because of breach of contract/ unethical activities.
Our head office is based in Kärntnerring 5-7, 1010 Vienna, Austria. Our entire team, however, is based internationally around the world. You can contact us at support@tradersyard.com
Yes, you can. Here are further instructions, depending on the platform you would like to use:
WebTrader:
Navigate to https://web.agenatrader.com/
Open a new “Trading” Tab:
Select “Paper Trading”
Once you feel comfortable, you can switch to your real challenge account by following these instructions: Connect your Challenge to the WebTrader (Browser)
AgenaTrader:
First, connect to our AgenaFeed as described here: Connection to AgenaFeed
Then, connect to the Simulation account as described here: Connection to Sim account
You can now trade using AgenaFeed as datafeed and Sim account as broker
Once you feel comfortable, you can switch to your real challenge account by following these instructions: Connect your Challenge to AgenaTrader (Desktop)
MobileTrader: Whether you use iOS or Android, you can simply switch between your paper trading account or real challenge account by navigating to the “Home”-tab, then choose your broker:
The challenge can only be traded using our AgenaTrader (Desktop) and our web based WebTrader (Browser). MT5 is not supported.
No, we provide our free datafeed. Once you purchase a challenge, all tools and data to trade the challenge will be provided to you without any extra charges.
Unlike most of our competitors who use a lot-based system on platforms like MetaTrader 5 (MT5), our trading system is quantity-based, offering greater flexibility and precision.
What does this mean for you?
In MT5 and other traditional platforms:
1 lot of gold = 100 units, and
1 lot of EURUSD = 100,000 units.
With us, however, you trade directly in units, not lots. This means:
If you buy 1 unit of gold, you're purchasing exactly 1 unit, valued at $2,650, rather than having to buy a full lot.
If you buy 1 unit of EURUSD, you're getting 1 unit, valued at 1.02882, without the need for lot calculations.
How to place orders in our system
Instead of entering lot sizes like in MT5, you simply enter the exact number of units you'd like to trade:
To trade 1 standard lot (equal to 1 in MT5) of EURUSD, enter 100,000 units.
To trade 1 mini lot (equal to 0.1 in MT5) of EURUSD, enter 10,000 units.
To trade 1 micro lot (equal to 0.01 in MT5) of EURUSD, enter 1,000 units.
Why is this better?
Trading in units gives you more control over your investments, allowing you to trade smaller amounts without being locked into predefined lot sizes. This approach is especially useful for precision-based strategies and risk management.
There are 10 ascending levels. You can check all details in Account Scaling
Your trading approach is at your full discretion. We understand that there are a multitude of trading styles that traders adopt and we have no intentions of imposing limitations or constraints on your chosen trading strategy. As long as your trading activities adhere to legitimate practices, align with prevailing market conditions, and are replicable on our operational corporate accounts, there are no prescribed confines for your trading style or methodology. We do not enforce any restrictions on the range of financial instruments or the magnitudes of positions you engage in. You are entitled to trade the full spectrum of instruments and assets available in our challenge-accounts, encompassing forex and CFDs of indices, commodities, stocks, cryptocurrencies.
A complete list of instruments, with their instrument type and other relevant details can be found here.
You can get a payout whenever you pass any level above level 3 as per the account scaling plan. The process of requesting a payout is described here: Payout Requests
Firstly, congratulations! Now you can see the Request Payout button on your challenge dashboard in TradersYard. Once clicked, fill in the details, and we will proceed with the payouts as soon as possible. The process of requesting a payout is described here: Payout Requests
When you pass or fail any level, your trades will be closed and your pending orders will be cancelled automatically. You will receive a popup message in AgenaTrader when this happens.
Congratulations! You have proven yourself, and because of that, we would like to get to know you and work with you. There are many opportunities successful traders can pursue with us, which includes becoming an asset manager. When you successfully passed all levels of your challenge, our team will get in touch with you to plan the next steps on working together with you on a professional level.
We accept Visa, MasterCard, American Express, Maestro and Diners Club International.
As soon as you reach level 5 in the Premium-Challenge or Elite-Challenge, as a special reward you are eligible to get the initial entry-fee for your challenge fully refunded. The payout of it will happen together with the payout of your next level-payout.
Yes, to participate in a TradersYard Challenge, there is an entry fee the user has to pay to take part in our unique offering.
The fee primarily symbolizes a trader's pledge to handle the account with the utmost diligence and accountability. This commitment instills a sense of involvement and psychological engagement. Moreover, the fee represents a minor proportion in comparison to the substantial TradersYard Challenge Account that awaits successful candidates post the Evaluation Process. Essentially, this fee acts as a pivotal gateway to the TradersYard Challenge Account, presenting an avenue towards achieving financial autonomy. Importantly, the fee's safeguard ensures that potential losses on the TradersYard Challenge Account are absorbed by us, thereby restricting any losses beyond the fee itself.
In addition, the fee encompasses the utilization of our distinctive tools such as AgenaTrader with all of its comprehensive features.
Another dimension of the fee involves sieving out committed traders from those attempting casually. Our focus is on adept traders who can consistently yield profits. Considering our finite capacities and resources, accommodating every trader is unfeasible. Hence, we welcome exclusively those individuals who exhibit dedication, seriousness, and responsibility. Our program stands as a highly esteemed service, and its pricing reflects its intrinsic value.
No, we don’t charge any additional or hidden fees. The entry fee for the TradersYard Challenge covers it all. There are absolutely no other fees with us. That means we are covering all fees for the datafeed, trading-platform and infrastructure for you.
At no point during your trading journey with us will you need to invest your own funds in order to trade. The only expense to be covered from your end is the entry fee of our Challenges.
After a purchase you are eligible for a full refund of your initial entry-fee to a challenge. However, the refund is only possible if you did not place any orders or trades on your challenge-account yet. As soon as you place your first order or trade, your challenge is started and the 14-days-money-back-guarantee cannot be used anymore.
Payout Procedure: Before a payout is made, the following steps are required:
Signing of a Signal Contract: You will need to review and sign the agreement.
Identity Verification (KYC): Your identity must be verified as part of the standard Know Your Customer (KYC) process.
Processing Time: Once the necessary steps are completed, payouts are typically processed within 1-3 business days. The timeline largely depends on how quickly the KYC process is finalized
The reset costs are as follows:
Standard: €39 (€49)
Advanced: €119 (€149)
Premium: €249 (€299)
Elite: €649 (€749)
Resetting a challenge is significantly more affordable than purchasing a new one, costing approximately 10-15% less than the original price. This provides an excellent opportunity for customers to retry and achieve their goals at a reduced cost. If you fail a challenge, you will automatically receive an email with this reset offer.
You will need to deal with taxes as well as social-security payments based on any potential cash-payouts on your own, in accordance with your country’s laws and tax regulations. Please contact a local tax-consultant to clarify how you need to tax your challenge-payouts correctly according to your local laws.
No, we do not ask you for any official documents for starting the TradersYard TraderChallenge. Before you can get your first real payout you need to do a basic KYC due to legal reasons. Our team will contact you for that task as soon as you are eligible for your first payout.
There is no limit how many challenges you can trade in parallel. However, in case you trade on multiple challenge-accounts, you only can have one active challenge-account in which you are trading in level 4 or higher. If you would get to level 4 or higher with a second account, you need to choose which of your accounts you want to enable for payouts. Each user can have max. one active account that is eligible for payouts.
Margin is the capital required to open a position, while leverage allows you to control a larger position with less capital. We as a Prop firms provide leverage to amplify your trading potential, but it’s essential to have risk management strategies to mitigate the inherent risks of margin trading.
Margin= 1/Leverage
Example: XAUUSD.CFD Trade with 1:10 Leverage
Cash Value: $50,000
Leverage: 1:10
Price: $2,600/ CFD
Trade Size: 1 of XAUUSD
To calculate the margin required for 1 CFD of Gold:
Margin= Trade Size x Price / Leverage =1×2,600 / 10 = 260 So you need $ 260 to buy 1 CFD of Gold with leverage of 1:10.
This $ 260 will be taken from your cash value, and you can check this amount taken as margin in account manager under "Used Margin"
As your initial cash value was $ 50000, an you have used $ 260 out of it to buy 1 CFD of Gold, your available margin is $ 49740. This available margin can be used to open other trades.
Available Margin= Cash Value - Used Margin
You can also check that $ 2600 is taken as used buying power in the account manager.
Used Buying Power= Trade Size x Price = 1 x 2600 =2600
To know more on Margin Trading, please check article
We have mini instruments such as BTCUSDMINI.CFD, US100MINI.CFD, US30MINI.CFD, CH20MINI.CFD.
In order to make it possible to trade with less cash value, these MINI instruments are introduced. As per name, you need to spend margin 10 times less in order to open a position
Example: US100MINI.CFD Trade with 1:20 Leverage
Cash Value: $50,000
Leverage: 1:20
Margin: 1/Leverage
Price on chart: $20,820/ CFD
Trade Size: 1 of US100MINI.CFD
Quanity divider: 10 for MINI instruments
To calculate the margin required for 1 CFD of Gold:
Margin= (Trade Size x Price) / (Leverage x Quantity divider) = (1 x 20820) / (20 x 10) = 104.1 So you need $ 104.1 to buy 1 CFD of US100MINI.CFD with leverage of 1:20.
This $ 104.1 will be taken from your cash value, and you can check this amount taken as margin in account manager under "Used Margin"
As your initial cash value was $ 50000, and you have used $ 104.1 out of it to buy 1 CFD of US100MINI.CFD, your available margin is $ 49895.9. This available margin can be used to open other trades.
Available Margin= Cash Value - Used Margin
You can also check that $ 2082 is taken as used buying power in the account manager.
Used Buying Power= Trade Size x Price / Quantity divider = 1 x 20820 / 10 = 2082
To know more on Margin Trading, please check article
Our challenges are based on demo accounts with virtual capital throughout the whole challenge-journey. The only difference is that after you pass level 3, you will have to sign a Signal Provider Agreement that we will send to you. This allows TradersYard to copy your trades as signals to our corporate account (if our internal risk-assessments and further metrics are fulfilled). At no point will you be held accountable for potential losses if TradersYard copies your signals and it leads to losses. Also, at no point during your TradersYard Challenge you will trade with real money, all trading-activities in our challenges are virtual.
You can view your progress in the Challenge Dashboard in TradersYard. The separate elements on your dashboard are explained here: Challenge Dashboard
Running: The default status, set after a successful purchase of a new challenge and while the challenge is active, no rules has been violated and no fraudulent behaviour of a user's trading activities has been recognized.
Passed: If a user hits the profit-target in "level 10", then the user has fully won a challenge and the status "passed" is set for the challenge.
Failed: If a user hits the level-loss-limit in "level -5", then the user has fully failed a challenge and the status "failed" is set for the challenge.
Blocked: User is blocked if administrative action is taken by the TradersYard team, if e.g. fraudulent behaviour of a user's trading-behaviour in a challenge is recognized.
Suspended: If the payment for the challenge-subscription fails, a user is automatically blocked from the challenge. The challenge can be activated again by updating payment information in stripe and performing the checkout manually.
If your challenge status is "failed", the "Reset account" button in your left sidebar will become active and then you have the option to reset your challenge to "Level 1".
If you click on it, you will be redirected to the TradersYard Checkout, where you can purchase the account reset. After successful payment, your challenge will be reset to "Level 1" and all your trades will be closed. After the account reset, you start with a completely fresh challenge-account. You can perform account-resets as often as you want.
The term "Profit Split" is used figuratively to describe the payout structure of our challenges. It represents the percentage of the profit on the virtual account size that a trader can withdraw as a cash payout based on their performance.
While there is no actual profit sharing (as trading takes place on virtual accounts), the "Profit Split" reflects the trader's reward for reaching certain milestones within the challenge. The payout percentage increases with higher levels, providing greater incentives for successful performance.
The exact amount you are eligible to receive is displayed in the “Payout” column. The higher the level you achieve, the greater your payout percentage will be, as indicated in the structure below:
Standard – Profit Split up to 80%
Advanced – Profit Split up to 80%
Premium – Profit Split up to 90%
Elite – Profit Split up to 9
You get a licence for our in-house AgenaTrader Desktop Tradingplatform for free with each challenge you purchase. You can download the application from your Challenge dashboard or directly from here: Download
To ensure that working with AgenaTrader and TradersYard Challenges is as easy and hassle-free as possible, however, certain requirements must be met, which can be optimized by upgrading: AgenaTrader Andromeda - system requirements
Note: Please check your energy settings and turn off the sleep mode!
Make sure that you have the latest version of AgenaTraders installed. The "TraderChallenge" tab is provided from version 3.1.0 onwards. Use this link to download the latest version: AgenaTrader
If you still have trouble finding the broker after the update, please contact our support team at support@tradersyard.com.
AgenaFeed is a financial data provider that offers real-time and historical market data feeds to traders, investors, and financial professionals. AgenaFeed specializes in providing high-quality, low-latency market data across various asset classes, including equities, options, futures, indices, and more. Most data that AgenaFeed provides is delivered from secondary exchanges (not the primary exchanges like NYSE, NASDAQ) and hence small differences to the actualy prices of the real underyling can occur.
Some of the unique features you will find in AgenaTrader include:
Charting: AgenaTrader offers advanced charting capabilities, allowing traders to visualize market data, apply technical indicators, draw trendlines, and perform technical analysis.
Strategy Development: Traders can create and test their own trading strategies using the built-in strategy development tools. These strategies can be based on technical indicators, price patterns, and other factors.
Automated Trading: AgenaTrader supports automated trading, enabling traders to execute their strategies automatically without manual intervention. This can help with executing trades quickly and consistently.
Risk Management: The platform typically includes risk management features, such as position sizing, stop-loss orders, and other tools to manage and control trading risk.
Market Data: AgenaTrader provides access to real-time and historical market data, allowing traders to stay informed about market movements and make informed trading decisions.
Broker Integration: AgenaTrader can often be integrated with various brokerage accounts, allowing traders to execute their trades directly from the platform.
Community and Support: Some trading platforms, including AgenaTrader, have active user communities, forums, and customer support to help traders learn, share experiences, and troubleshoot issues.
Please check the article on how to connect to AgenaFeed here as well as the connection-instructions for your challenge-account here: Challenge Connection in AgenaTrader. As soon as you are connected to your challenge-account in AgenaTrader the data delivery via AgenaFeed will be automatically established.
Yes, you can start multiple TradersYard Challenges on the same platform. All you need to do is set each account in the Account Connections separately. Follow this article on how to set up a challenge-connection in your AgenaTrader: Challenge Connection in AgenaTrader
Yes, you can install AgenaTrader on any additional PC and use the same license key, but only one license key can be active at the same time. That means, if you start AgenaTrader with the same licence key on your second PC, AgenaTrader on your first PC will be disabled and not be usable until you shut down AgenaTrader on your second PC again.
WebTrader: Yes, our WebTrader is browser-based and can be used on both Windows and MacOS devices. You can trade directly from your browser without the need for additional installations.
AgenaTrader: AgenaTrader is designed for Windows only. However, MacOS users can still run AgenaTrader by using a virtual Windows machine.
MobileTrader: Yes, we have a dedicated iOS application for trading on the go. To download the app, please click here: LINK
You can find a list of all restricted countries here: Supported Countries and Currencies
Head over to Billing from the left sidebar. Under Payment Method you can delete/update your payment information:
Head over to Billing from your left sidebar. Under Invoice History you can download your invoices by clicking on the symbol below:
Payout Options: We offer both FIAT and Crypto payouts to accommodate your preferences. For further details, please visit our payment provider: Crypto Payroll & Web3 Workforce Solutions | Rise
