How Upcomers Operates

Upcomers Challenge:

The process begins with the well-known Upcomers Challenge, a digital product offering educational materials, trading tools and a realistic simulation of trading with currency pairs and other financial instruments. Clients use a demo account with fictitious capital to experience real trading conditions and evaluate their skills against preset objectives and rules.

The goal of simulated trading is to assess the talents and skills of Upcomers clients. Successful completion of the Upcomers Challenge allows clients to apply for an Upcomers funded account, providing an opportunity for real financial rewards based on their simulated trading performance.

Upcomers funded account:

In the Upcomers funded account, traders have access to a simulated demo account with fictitious capital and there is no trading with real funds. However, traders receive real financial rewards based on the profitability of their trades, subject to contractual conditions. The amount of the reward depends on the success of trades executed through the Upcomers funded account.

By agreeing to the Upcomers Agreement, traders permit Upcomers to use their trading data for its own account trading. Due to the fact that all trades take place in a simulated market, Upcomers cannot directly profit from these trades. However, traders will always receive their contractual remuneration regardless of whether Upcomers uses the trade data for real trading in its own account.

Trading Infrastructure of Upcomers:

All simulated trading within Upcomers occurs on its own infrastructure using Tradelocker trading platform. This setup aims to provide clients with a realistic trading experience, emulating the reality of trading various financial instruments closely.

While the entire environment and trading are simulated, real data from liquidity providers is available in the platform. Liquidity providers only provide data on instrument prices, and they do not function as market makers. Upcomers uses liquidity provider services for its internal trading on its own account, investing its capital in real trading on financial markets.

Execution and Transparency:

The execution of simulated trades in the Upcomers Challenge and after obtaining the Upcomers funded account occurs under transparent and uniform conditions for all clients. There is no hidden intervention or specific conditions applied to individual clients.

Copying Trades and Trade Execution:

Upcomers trades for its own account based on data obtained from clients Upcomers funded accounts. Continuous monitoring and analysis of trades are performed to determine whether trades are executed for Upcomers own account. This execution has no impact on Upcomers clients, ensuring that traders receive rewards from simulated profits, even if their trades were not executed in Upcomers internal trading.