XLTrade
The entity is Chimara Ltd, whose registered office is “Hamchako, Mutsamdu, The Autonomous Island of Anjouan, Union of Comoros”, and the only supervision it claims is an “international broker, deposit, and investment license” numbered L15898/CL — no financial regulator is named on any page we could read. Every floor it sells is static. What the marketing and the contract cannot keep straight is how much freedom you really get: the home page promises “No Limits. No Restrictions.” over evaluation conditions requiring that “the contribution to the profits of a single position must not be more than 25%”, and the card under every Instant account refunds the setup fee “in the event of success” while the binding Instant conditions make the refund wait “three consecutive months”. Funded accounts are described as “live accounts (A-book model)” and no broker is named anywhere.
Five products, not four: the one-step evaluation is sold as PRO ($500K and $1M, the only scaled tier) and LITE ($25K–$200K, a 25% top-up every three months instead); INSTANT funds $10K–$100K at once at 100% profit and a monthly cycle; PRIME tops a small deposit up twenty times (USD 500 buys a $10K account, USD 5,000 a $100K one) with the deposit locked for 180 days; and XL ALPHA is a separate booklet — $50K to $5M against a 20% security deposit, an 80% split and 15-day withdrawals. No per-request cap, count, fee or processing time is published for the instant products. The FAQ is a Wix accordion whose answers do not survive as text — the saved page keeps the questions and loses the answers — so anything only it settles is filed as unread rather than transcribed from a search index.
Not enough published data to simulate this firm’s floor.
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
What they published
“No Limits. No Restrictions.”“The contribution to the profits of a single position must not be more than 25%, nor must the contribution to the profits be more than 25% in a single trading day.”“Full refund of the Set-up fee in the event of success!”“If you demonstrate profitable trading over the period of three consecutive months starting from the date trading has commenced, the setup fee will be refunded.”“Chimara Ltd, Anjouan holds an international broker, deposit, and investment license. License number: L15898/CL.”Scorecard
11Trails on daily closes only, then freezes at your starting balance
A named company, but no financial regulator anywhere — or a light-touch one only
Workable, but a cap or a waiting period bites
Two official channels disagree on a number that matters
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Trustpilot
We found no Trustpilot profile for this firm.
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
4/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
2/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
4/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $0.76.40/8
“PERFORMANCE TARGET 10%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.we did not read this stage3/3
“There is no time limit for achieving the performance target, however, the evaluation is subject to a minimum of 30 calendar days.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.we did not read this stage2/2
“There are no minimum trading days during the evaluation, but you must demonstrate reasonable trading by placing trades evenly over the cycle.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“In the event of termination, the evaluation may be repeated. The assessment fee (setup fee) applies again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%They state there is none.—
“PERFORMANCE TARGET 10%”“On a funded account, you are not bound to any performance target.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“At any time, the account balance must be maintained within a moderate risk level and must not drop below 15% during a performance cycle. The assessment value for the maximum account drawdown is the start balance of a performance cycle.”“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“The account balance or the realized/unrealized equity must not drop below USD 425,000.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey do not say.no change0/2
we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed15%no change1/1
“At any time, the account balance must be maintained within a moderate risk level and must not drop below 15% during a performance cycle. The assessment value for the maximum account drawdown is the start balance of a performance cycle.”“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonThey do not say.0/3
we read the page that should answer this and it does not
“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“TRADING ON NEWS YES”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no change—
“POSITIONS OVER THE WEEKEND YES”Leverage1:500by instrument
no change—
by instrument
“MAX. LEVERAGE 1:500”Limit on position sizeThey state there is none.no change—
“LOT SIZE RESTRICTIONS NONE”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“At funded status, you will receive an account increase as described below in the event of a 10% performance based on the previous account balance. The account scaling is exclusively available with the XLTRADE Pro accounts ($ 1 MIO PRO, $ 500k PRO).”How large it can get$3,000,000by starting size
—
by starting size
“$ 1 Mio Pro Account | Scaling levels $ 1,000,000 $ 1,500,000 $ 2,000,000 $ 3,000,000 $ 500k Pro Account | Scaling levels $ 500,000 $ 800,000 $ 1,000,000 $ 1,500,000”Where the path endsat a real market—
“XLTRADE Funded accounts are live accounts (A-book model).”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $0.76.40/8
“PERFORMANCE TARGET 10%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.we did not read this stage3/3
“There is no time limit for achieving the performance target, however, the evaluation is subject to a minimum of 30 calendar days.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.we did not read this stage2/2
“There are no minimum trading days during the evaluation, but you must demonstrate reasonable trading by placing trades evenly over the cycle.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“In the event of termination, the evaluation may be repeated. The assessment fee (setup fee) applies again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%They state there is none.—
“PERFORMANCE TARGET 10%”“On a funded account, you are not bound to any performance target.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“At any time, the account balance must be maintained within a moderate risk level and must not drop below 15% during a performance cycle. The assessment value for the maximum account drawdown is the start balance of a performance cycle.”“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“The account balance or the realized/unrealized equity must not drop below USD 425,000.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey do not say.no change0/2
we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed15%no change1/1
“At any time, the account balance must be maintained within a moderate risk level and must not drop below 15% during a performance cycle. The assessment value for the maximum account drawdown is the start balance of a performance cycle.”“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“At any time, the account balance must be maintained within a moderate risk level and not drop below 15% during a performance cycle. The assessment value for the account drawdown is the start balance.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonThey do not say.0/3
we read the page that should answer this and it does not
“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“TRADING ON NEWS YES”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no change—
“POSITIONS OVER THE WEEKEND YES”Leverage1:500by instrument
no change—
by instrument
“MAX. LEVERAGE 1:500”Limit on position sizeThey state there is none.no change—
“LOT SIZE RESTRICTIONS NONE”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“If you demonstrate profitable trading consistently on the funded account, the account will be increased by 25% every three months.”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“XLTRADE Funded accounts are live accounts (A-book model).”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in15 days1/2
“To become eligible for profit withdrawal, a minimum of 15 trading days must be maintained in a performance period.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“No challenge/evaluation”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“PERFORMANCE TARGET NONE”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at all3/3
“The maximum account drawdown on a Funded Account is 15% based on the start balance.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades included1/2
“If the start balance is $ 100,000, the balance or equity must not drop below $ 85,000.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey do not say.0/2
we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed15%1/1
“The maximum account drawdown on a Funded Account is 15% based on the start balance.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“The maximum account drawdown on a Funded Account is 15% based on the start balance.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“To become eligible for a profit withdrawal, (a) the contribution to the profits of a single position must not be more than 25%, nor must the contribution to the profits be more than 25% in a single trading day; (b) a single losing trade must not account for more than 1.5% of the account balance; (c) the maximum balance drawdown must not be higher than 5%.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonThey do not say.0/3
we read the page that should answer this and it does not
“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money30 days1.20/2
“You may request the payout of your profits periodically every 30 calendar days starting from the date the trading commenced.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.—
“TRADING ON NEWS EVENTS | YES”Mandatory stop-lossThey state there is none.—
“STOP-LOSS REQUIREMENT | NO”Minimum time a trade must be heldThey do not say.—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.—
“POSITIONS OVER THE WEEKEND | YES”Leverage1:500by instrument
—
by instrument
“The maximum leverage of 1:500.”Limit on position sizeThey state there is none.—
“LOT SIZE RESTRICTIONS | NONE”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“XLTRADE Funded accounts are live accounts (A-book model).”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in15 days1/2
“To become eligible for profit withdrawal, a minimum of 15 active trading days per cycle is mandatory.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“No Challenge/Evaluation”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“PERFORMANCE TARGET NONE”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at all3/3
“The Maximum Account Drawdown based on the Start Balance is 15%.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey do not say.0/2
we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed15%1/1
“The Maximum Account Drawdown based on the Start Balance is 15%.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“The Maximum Account Drawdown based on the Start Balance is 15%.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“To become eligible for a profit withdrawal, the contribution to the profits of a single position must not be more than 25%, nor must the contribution to the profits be more than 25% in a single trading day. The maximum balance drawdown must not be higher than 5%. A single losing trade must not account for more than 1.5% of the account balance.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonThey do not say.0/3
we read the page that should answer this and it does not
“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money30 days1.20/2
“You may request your profit withdrawal periodically every 30 calendar days starting from the date you commenced trading.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.—
“TRADING ON NEWS EVENTS | YES”Mandatory stop-lossThey state there is none.—
“STOP-LOSS REQUIREMENT | NO”Minimum time a trade must be heldThey do not say.—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.—
“POSITIONS OVER THE WEEKEND | YES”Leverage1:500by instrument
—
by instrument
“You may maximize your profit potential by exploiting the maximum leverage (1:500) based on the Prime Capital provided by XLTRADE.”Limit on position sizeThey state there is none.—
“LOT SIZE RESTRICTIONS | NONE”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“XLTRADE Funded accounts are live accounts (A-book model).”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“There are no minimum trading day requirements on an XL Alpha Account.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“NO EVALUATION/CHALLENGE”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“NO PERFORMANCE TARGETS”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at all3/3
“The maximum account drawdown is 20% of the starting balance and is static.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades included1/2
“An XL Alpha Account will be terminated if the account balance or equity falls below the maximum drawdown level of 20% of the starting balance.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.2/2
“There are no daily or weekly drawdown limits on an XL Alpha Account.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed20%1/1
“The maximum account drawdown is 20% of the starting balance and is static.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“The maximum account drawdown is 20% of the starting balance and is static.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.3/3
“No consistency rules”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonThey do not say.0/3
we read the page that should answer this and it does not
“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money15 days1.60/2
“You may request a profit withdrawal every 15 calendar days, starting from the date you commence trading.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.—
“News trading permitted”Mandatory stop-lossThey do not say.—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.—
“Weekend trading permitted”Leverage1:500by instrument
—
by instrument
“You may maximize your profit potential by utilizing leverage of up to 1:500 based on the XL Alpha capital provided by XLTRADE.”Limit on position sizeThey do not say.—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“XLTRADE Funded accounts are live accounts (A-book model).”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“By purchasing an account, you agree and you are bound to the conditions above.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“The content on this website is subject to change at any time without notice”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the consistency rule · costs money
“No Limits. No Restrictions.”“The contribution to the profits of a single position must not be more than 25%, nor must the contribution to the profits be more than 25% in a single trading day.”the fees · costs money
“Full refund of the Set-up fee in the event of success!”“If you demonstrate profitable trading over the period of three consecutive months starting from the date trading has commenced, the setup fee will be refunded.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withChimara Ltdno change4/4
“the use of the Services provided by XLtrade which is operated by Chimara Ltd ( we , our , or the Provider ).”With no named company there is nobody to sue.
Where it is registeredUnion of Comorosno change0.40/2
“Reg. office: Chimara Ltd, Hamchako, Mutsamdu, The Autonomous Island of Anjouan, Union of Comoros.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration numberL15898/CLno change2/2
“Chimara Ltd, Anjouan holds an international broker, deposit, and investment license. License number: L15898/CL.”What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“www.XLTRADE.net is operated by CHIMARA Ltd .”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedyes2/2
“"SUCCESS IS OUR PASSION" JJ BROOKES Mastermind of XLTRADE”Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account isa real market from the start4/4
“XLTRADE Funded accounts are live accounts (A-book model).”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketpublished2/2
“XLTRADE Funded accounts are live accounts (A-book model).”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.