We allow traders to swing trades over the weekend on our TopTier Challenge Swing and TopTier Challenge Plus accounts. However, we do not allow it on our TopTier Challenge Regular accounts.
We allow our traders to hedge their trades.
Scalp Trading
We allow our traders to scalp their trades on our accounts.
Copy Trading
We allow the use of copy trading on our TopTier Challenge Plus accounts. However, we do not allow them on our TopTier Challenge Regular or TopTier Challenge Swing accounts.
For more information regarding the use of copy traders based on your evaluation/funded account please visit the below links:
For more information about TTT Challenge
For more information about TTT Challenge Plus
EA Trading
We allow the use of EAs on our TopTier Challenge Plus accounts. However, we do not allow them on our TopTier Challenge Regular or TopTier Challenge Swing accounts.
Hedge Trading
Weekend Trading
We allow weekend trading on the TopTier Challenge Swing and TopTier Challenge Plus accounts provided that the instruments are tradeable on the weekend (eg. cryptocurrencies). However, we do not allow weekend trading on the TopTier Challenge Regular accounts. All positions will be liquidated on TopTier Challenge Regular accounts on Friday at 4PM EST.
Trading Restrictions
As much as we try not to restrict our trader’s style at Quintessenceoptions, there are certain strategies we have deemed as “cheating” as they provide an unfair advantage by manipulating the demo accounts. Any trader that is caught using any of the strategies we deemed prohibited, not limited to those stated on this page, will have their challenge or funded accounts breached as they would have violated our terms of use policy.
Below are some of the prohibited strategies:
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Grid Trading
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Latency arbitrage
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Reverse arbitrage
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Tick scalping
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Account management
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Signal trading
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High-frequency trading
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Martingale
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Hedging between accounts
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Guaranteed limit orders
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Data feed manipulation
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Trading on delayed charts
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Macroeconomic trading during high-impact reports and being filled at an unrealistic price due to the volatility.
Can I Trade The News?
We allow news trading on our Tier 1 and 2 accounts, however, on the TopTier Funded accounts (Regular and Swing), there would be certain restrictions.
Please note that the news restriction rule does not apply to our Plus Model.
TopTier Funded accounts are not permitted to execute new trades or close existing trades on instruments being targeted by red folder macroeconomic events in the window of ≈ 4 minutes (≈ 2 minutes before and ≈ 2 minutes after the release of a red folder event).
For clarification, executing a trade is defined as opening, closing, or the modification of either a pending or market order.
You are permitted to hold your trades on instruments being targeted by red folder macroeconomic events that were open for more than ≈ 2 minutes prior to the restricted red folder macroeconomic event.
Do note that if your trade were to close, this includes your SL/TP being triggered prior to ≈ 2 minutes before until ≈ 2 minutes after the red folder macroeconomic event, any profits of those affected trades will be revoked and a warning will be issued to the member. Trades that result in a loss will not be compensated and will still receive a violation warning.
After the first warning, if your account violates the restriction once more then the account will be fully breached and terminated without further notice.
Red Folder Macroeconomic Events can be found under the following link: https://www.forexfactory.com/calendar / https://www.fxstreet.com/economic-calendar
The following table illustrates some of the Events that restrict trading activities. To see all Major Announcements, please go to the link mentioned above.
|
INSTRUMENT |
MACROECONOMIC EVENT |
|
USD NASDAQ US30 US500 US OIL GOLD SILVER |
|
|
GBP UK100 UK500 |
|
|
EUR DAX30 FRA40 GER30 |
|
|
CAD |
|
|
AUD ASX200 |
|
|
CHF |
|
|
NZD |
|
|
JPY JPN225 |
|
Note: Allowing one warning notification does not mean the rule is intended to be violated. If it is determined, either via gross negligence or periodically violating the rule (many news trades during a short period of time) or otherwise, that the account in question had no intention of complying with our news rules, Quintessenceoptions reserves the right to breach the account prior to issuing the warning stated above. Do note that if the deduction were to breach any of your drawdown limits the account would remain as such.
KYC/AML Screening
Before we issue any virtually funded account or any type of payout, we require that you verify your ID and pass our KYC/AML screening. Most applicants will have no issue with the screening and will be verified in as little as 5 minutes.
Below are the required steps in order to pass the screening:
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Upon successfully completing the evaluation phase you will receive an email with a link to complete your KYC/AML screening.
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You will be asked to submit a valid form of ID. This could be a driver’s license, passport, ID card, or residence permit.
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You will also be asked to submit a valid proof of address issued within the last 90 days. This could be a bank statement, utility bill, or phone bill.
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You will then be required to take a selfie so that we can match your face to that on your submitted ID
Once you have completed the KYC/AML screening and are verified, you will receive an agreement sent to you within 48 – 72 business hours. Once the agreement has been signed, you will then receive your virtually funded account the upcoming Monday, Wednesday, or Friday.
If you have any issues with your KYC/AML screening, please contact our live support and we will assist you in potentially getting you verified if possible. Note that if you are unable to pass the screening, you will not be able to receive the funded account details and will receive a refund to your challenge.
Payment Methods We Support
We accept payments via credit card and cryptocurrency.
Cryptocurrencies we support are Bitcoin, USDT (ERC-20), USDT (TRC-20), LTC, Tron (TRX), Ethereum (ERC-20), and DOGE.
Please note that cryptocurrency payments are to be made within 15 minutes of the crypto invoice being issued to avoid loss of payment.
Country Restrictions
Traders are prohibited from accessing and placing orders in the following countries that are under OFAC sanctions:
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Afghanistan
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Belarus
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Burma
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Cote d’Ivoire (Ivory Coast)
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Cuba
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Democratic Republic of the Congo
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Iran
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Iraq
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Lebanon
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Libya
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Mali
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North Korea
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Russia
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Somalia
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Sudan
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Syria
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Venezuela
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Yemen
Note: Trading with sanctioned countries will result in immediate breach and forfeiture of profits without exception.
Leverage
Our special group within Think Markets has been designed to meet the requirements for operating a prop firm. Since you are allowed to hold trades overnight and over the weekend on certain challenge accounts, the leverage for specific instruments has to be lowered.
Below are the leverages we offer for each challenge type with their respective instruments:
TTT Challenge Regular
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1:100 – Forex
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1:40 – Gold & Commodities
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1:30 – Indices
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1:2 – Crypto
TTT Challenge Swing
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Forex 1:30
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Gold and Commodities 1:10
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Indices 1:5
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Crypto 1:1
TTT Challenge Plus
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1:100 – Forex
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1:40 – Gold & Commodities
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1:30 – Indices
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1:2 – Crypto
Lot Size Limit
Our accounts do not have a lot size limit on any pair, as such you may trade the accounts using any lot size you wish across all pairs.
Allowed Instruments
With Quintessenceoptions, you are able to trade any instrument available on the ThinkMarkets trading platform. This includes forex, commodities, indices, and crypto.
The instruments that you are allowed to trade are:
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All Forex, Gold, and Silver pairs end with the suffix “x”. For example, GBPUSDx or XAUUSDx.
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Commodities, indices, and crypto have no suffix
To be able to see all the instruments please follow the instructions below:
Desktop Platform:
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Press Ctrl + M to see the Market Watch, or simply click on the icon.
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Right-click on the Market Watch, and click on “Show All”
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Now you can see all the instruments available for you to trade!
Mobile Platform:
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On the “Quotes” tab, press the “+” sign
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To add the Forex pairs, press on “Forex X” and add the symbols you want. You are also allowed to trade all the instruments inside the “Indices”, “Gold X”, “Silver X”, “Commodities”, “BTC”, and “Crypto” folders.
Challenge Start Time
All challenges at Quintessenceoptions start once you place your first trade. If your account is inactive for more than 60 days it will be disabled and you will need to contact us via live chat or email to request new account details.
Account Creation
Once you have completed your payment, it takes less than 5 minutes to process new challenge accounts and get your details sent out.
If you have not received your account after 5 minutes please make sure to check your spam or promotional folders. If you still have not found your details and have received a confirmed purchase notification, then please contact our support via live chat or email.
Tier 2 account creation however takes 36 – 48 business hours to get completed as an automated account review is done within that timeframe to ensure that there were no violations made on the account.
TTT Challenge Vs. TTT Challenge Plus
The TTT Challenge and TTT Challenge Plus both have their benefits and cater to different traders.
|
Simulated Account Challenge Type |
TTT Challenge Regular |
TTT Challenge Swing |
TTT Challenge Plus |
|
Tier 1 Target |
10% |
10% |
8% |
|
Tier 2 Target |
5% |
5% |
5% |
|
Daily Drawdown |
5% |
5% |
5% |
|
Daily Drawdown Calculation |
|||
|
Max Overall Drawdown |
10% |
10% |
8% |
|
Minimum Trading Days |
4 Days |
4 Days |
4 Days |
|
Unlimited Trading Days |
✅ |
✅ |
✅ |
|
Leverage |
1:100 |
1:30 |
1:100 |
|
Initial Payout Period |
30 days |
30 days |
14 days |
|
EA (Trading Robot) |
❌ |
❌ |
✅ |
|
Copy Trading |
❌ |
❌ |
✅ |
|
Weekend Holding & Trading |
❌ |
✅ |
✅ |
|
Account Scaling |
✅ |
✅ |
✅ |
|
90% Payout Scaling |
❌ |
❌ |
✅ |
For more information regarding any of the challenges, please visit the appropriate link below.
For more informations about TTT Challenge Regular
For more informations about TTT Challenge Swing
For more informations about TTT Challenge Plus
Spread & Commission
Spread
You may check out our spreads with the below MT4 and MT5 credentials.
MT4:
Login: 83280211
Password: alm1kgj
Server: ThinkMarkets-Demo 3
MT4 Download: https://www.thinkmarkets.com/en/trading-platforms/metatrader-4/
—
MT5:
Login: 11980153
Password: -dBq0vKq
Server: ThinkMarkets-Demo
MT5 Download: https://www.thinkmarkets.com/en/trading-platforms/mt5/
Note that the “x” suffix is used for Forex, Gold, and Silver pairs. Commodities, indices, and crypto have no suffixes.
Note: To view the “x” instruments, please refer to this article.
—
Commission
Forex & Metals: $7 per lot
Commodities, Indices, Crypto: $0 per lot
Live or Demo?
All accounts on Quintessenceoptions are demo. Even when you become a funded trader, we will provide a demo account with virtual funds. This account will be connected to our master live account that places trades in the live market using copy trading software.
Providing a demo account is not only a way to help us better our risk tolerance, but it also is an industry-standard when it comes to the issuance of funded accounts. We expect funded traders to trade and manage their accounts as if they were live accounts.
Note: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
How To Get Started?
Becoming a Quintessenceoptions is as easy as 1-2-3. Follow the below steps in order to register and become the next Quintessenceoptions!
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Head over to our Pricing section on the home page.
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Select the challenge size you would like to take.
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Proceed to checkout and make payment for the challenge. You may pay via credit/debit card or cryptocurrency.
Within a few minutes to a couple of hours depending on your payment choice, you will receive your account credentials in a welcome email and will be able to access the trading platform as well as the dashboard. Payments via crypto orders have to be confirmed on the blockchain before the order gets completed.
NOTE: We only accept ETH on the ERC-20 network. If you send ETH on any other network besides ERC-20, we will not receive your payment and will not be in any position to provide technical support for you to receive your payment back.
Make sure you have reviewed the rules of the challenge before starting it. If you have any doubts regarding the rules feel free to contact our live support for clarification.
Please note that all TopTier-funded accounts are subject to a KYC/AML screening prior to being issued. So please ensure that you are able to provide a valid form of ID and proof of address issued within the last 90 days to avoid any delays in receiving your funded account in the event that you are successful in completing the evaluation phase.
What is Quintessenceoptions
Quintessenceoptions is a company searching for experienced traders to join the family of Quintessenceoptionss.
To determine if a trader has what it takes to become a Quintessenceoptions, we have created a 2-Tier evaluation process. Upon successful completion of the evaluation, traders are offered a placement in the TopTier Proprietary Trading Firm, where they can remotely manage virtual funds and continuously grow the simulated account through our scaling plan. As a Quintessenceoptions, you are eligible to keep up to 90% of the virtual profits you generate on the simulated funded accounts.
Quintessenceoptions was founded by two of the most prolific traders in the industry, Cue Banks and Anthony of Anthony’s World, as they set out on a journey to help alleviate the issues traders face when trading a challenge.
Will you be the next Quintessenceoptions?
Risk Management and Strike Policy
Amid the general public, there exists a misconception equating financial market trading with gambling. However, this belief is unfounded and is often perpetuated by traders exhibiting gambling-like behavior. To maintain the integrity of our trading community and foster an environment conducive to responsible trading, it becomes imperative to address such tendencies.
Certain traders, driven by the allure of quick profits, may adopt high-risk strategies that ultimately diminish their chances of success. While financial markets inherently involve risks, it is crucial to draw a clear distinction between legitimate trading practices and gambling tendencies.
Here at Quintessenceoptions, we are dedicated to safeguarding our traders and promoting opportunities for those who approach the market responsibly. In cases where we suspect a trader is utilizing our offerings for gambling purposes, we reserve the right to implement measures aimed at mitigating associated risks. Such measures may include adjustments to leverage or alterations to earnings. It is important to note that these actions will be taken judiciously and only after a thorough evaluation by our risk management team, targeting behaviors falling within certain prohibited categories.
Violations and Consequences:
-
Account Rolling/Churning:
Description: Acquiring the maximum number of evaluation accounts and attempting to complete them in a rolling style, sacrificing accounts as necessary.
Example: A trader acquires multiple evaluation accounts simultaneously and engages in a strategy where they intentionally allow some accounts to fail while focusing on completing others. This practice, known as account rolling, aims to pass evaluations without genuine trading skills.
Consequences:
- First Strike: Yellow Card (Warning).
- Second Strike: Yellow Card (Reduction in leverage for 20 business days, delayed payouts, check on all accounts for additional violations).
- Third Strike: Red Card (Reduced leverage for 60 business days, delayed payouts, check on all accounts for additional violations).
- Fourth Strike: Red Card (Reduction in leverage for all accounts for 120 business days, delayed payouts, check on all accounts for additional violations).
- Fifth Strike: Black Card (Ban from the platform).
-
Gambling/Betting Behavior:
Description: Engaging in trading resembling a big gamble or bet without a clear plan or strategy.
Example: A trader goes all-in on a single trade without conducting a thorough analysis or having a risk management plan. They rely on luck rather than informed decision-making, treating the market like a casino rather than a place for strategic trading.
Consequences:
- First Strike: Yellow Card (Warning).
- Second Strike: Yellow Card (Reduction in leverage for 20 business days, delayed payouts, check on all accounts for additional violations).
- Third Strike: Red Card (Reduction in leverage for 60 business days, delayed payouts, check on all accounts for additional violations).
- Fourth Strike: Red Card (Reduction in leverage for all accounts for 120 business days, delayed payouts, check on all accounts for additional violations).
- Fifth Strike: Black Card (Ban from the platform).
-
Trade Stacking (All-or-Nothing Trading Style):
Description: Opening a large number of positions consecutively on a single instrument.
Example: A trader, in pursuit of quick profits, opens a series of consecutive positions on the same currency pair without considering market conditions or managing risk. This “all-or-nothing” trading style involves risking a significant portion of their account on each trade.
Consequences:
- First Strike: Yellow Card (Warning).
- Second Strike: Yellow Card (Reduction in leverage for 20 business days, delayed payouts, check on all accounts for additional violations).
- Third Strike: Red Card (Reduction in leverage for 60 business days, delayed payouts, check on all accounts for additional violations).
- Fourth Strike: Red Card (Reduction in leverage for all accounts for 120 business days, delayed payouts, check on all accounts for additional violations).
- Fifth Strike: Black Card (Ban from the platform).
-
Group Hedging:
Description: Trading with opposite positions on the platform.
Example: Two traders collaborate to exploit the platform by taking opposite positions on the same currency pair simultaneously. One trader goes long while the other goes short, leading to a net-zero position on the platform but risking the integrity of fair and transparent trading.
Consequences:
- First Strike: Yellow Card (Warning).
- Second Strike: Yellow Card (Reduction in leverage for 20 business days, delayed payouts, check on all accounts for additional violations).
- Third Strike: Red Card (Reduction in leverage for 60 business days, delayed payouts, check on all accounts for additional violations).
- Fourth Strike: Red Card (Reduction in leverage for all accounts for 120 business days, delayed payouts, check on all accounts for additional violations).
- Fifth Strike: Black Card (Ban from the platform).
-
Overleveraging:
Description: Exceeding appropriate levels of leverage.
Example: When a trader uses excessive leverage relative to their account size, magnifying both potential gains and losses.
Consequences:
- First Strike: Yellow Card (Warning).
- Second Strike: Yellow Card (Reduction in leverage for 20 business days, delayed payouts, check on all accounts for additional violations).
- Third Strike: Red Card (Reduction in leverage for 60 business days, delayed payouts, check on all accounts for additional violations).
- Fourth Strike: Red Card (Reduction in leverage for all accounts for 120 business days, delayed payouts, check on all accounts for additional violations).
- Fifth Strike: Black Card (Ban from the platform).
Additional Measures:
Economic Events Restriction:
- From the 3rd strike onward, traders cannot trade economic events on affected accounts.
Strike Removal Condition:
- To have a strike wiped off, a trader must complete the penalty box’s entire duration without another violation. Regardless if the violated account becomes breached.
Escalation of Strikes:
- Violating a separate, unrelated rule can lead to the progression of strikes, regardless of the initial violation.
Payout Rejection or Reduction:
- The firm reserves the right to reject a payout in its entirety or reduce the payout amount depending on the severity of the violations.
The examples provided above are illustrative and aim to convey the general concepts associated with each violation. The list of violations is not exhaustive, and actual scenarios leading to violations may vary. Traders should recognize that risk management policies encompass a broad range of behaviors, and adherence to ethical trading practices is essential. The mentioned examples serve as a guide to understanding potential violations but do not limit the scope of what may constitute a breach of risk management guidelines. Traders are encouraged to thoroughly review the specific risk management and strike policy of their trading platform for a comprehensive understanding of acceptable practices and consequences.
Our risk management and strike policy provides a clear framework for maintaining a responsible trading environment on our platform. We emphasize the importance of responsible trading practices for the long-term success of our traders.