Frequently Asked Questions
What is TEFS?
TEFS (Trading Education & Funded Services) provides educational resources and funded trading accounts for aspiring traders. We aim to help you develop the skills necessary to succeed in trading by offering access to real funds, comprehensive training, and ongoing support.
How can I become a TEFS trader?
You can get one of the packages with an education program involved and start trading in a simulated environment.
What type of financial instruments can be traded using a TEFS Funded Account?
TEFS users have access to thousands of financial instruments like US stock CFD's, Futures, Forex, Crypto. Traders can trade all instruments on the same platform.
Who owns the funds in a TEFS account?
TEFS owns all the funds in the account.
Why can't I trade low-volume stocks or pink sheets on the TEFS platform?
Low volume stocks have normally large spreads, low volumes and high coverage costs. Professional traders usually avoid trading low volume high spread stocks because of the higher risks involved when trading them.
Can a Provider transfer funds to the TEFS Funded Account?
No. TEFS does not accept funding of any kind from its providers.
Can TEFS change its trading Terms and Conditions?
Yes, TEFS may apply changes to the trading Terms and Conditions.
What are the benefits of trading a TEFS-funded account?
The TEFS trader has no risk to his capital. TEFS shares the major part of the profits generated by the trader with the trader according to the terms stated in the TEFS agreement.
What are the benefits of the TEFS trading platform?
The TEFS trading platform is fast, reliable and cost-effective. It integrates charting, screening and execution to one powerful trading platform built for professional traders and perfect for trading the fast-moving markets today.
What are the typical execution cost on the TEFS platform?
$10 per 1000 shares traded plus routing fees, with a minimum of 2.5$ per trade. This is an estimation. The trader can find exact pricing in the Terms and Conditions.
Can TEFS suspend or close the account traded by a provider?
Yes, any breach of the TEFS agreement on the trader's part may result in such an action. TEFS provides funding to its traders and expects high levels of professionalism, dedication, and compliance with its rules and regulations.
How do I get paid?
To get paid a user who purchased a funded account needs to fill a "payout form" and submit it to approval by no later than the 10th of the month. Payouts are processed by the 15th of each month for the previous month to eligible traders.
How do I close my funded account with TEFS?
To close your account, contact our customer support team. They will guide you through the process and ensure that any remaining balances are settled.
Is my personal information secure with TEFS?
We use advanced encryption and security measures to protect your personal and financial information. We are committed to maintaining the highest standards of data privacy and security.
What educational resources does TEFS offer?
We provide a wide range of educational resources, including webinars, video tutorials, courses, and one-on-one coaching sessions. Our goal is to help you continuously improve your trading skills.
What are the eligibility requirements?
Our programs are open to individuals over 18 who have a basic understanding of trading. Prior trading experience is beneficial but not required.
What types of funded accounts does TEFS offer?
We offer several funded accounts, including beginner, intermediate, and advanced accounts. Each account type has different funding levels and risk management requirements.