Terms and Conditions for Trader Payouts

1. Introduction

These Terms and Conditions govern the payout policies for all funded traders at Ocqfund. By participating in our Evaluation program, traders agree to adhere to these policies.

 

2. Initial Payout Limit Policy

  • First Payout Limit:
    • For traders with a GHS 20,000 account: The initial payout is capped at GHS 1,000 during the first payout cycle.
    • For traders with a GHS 10,000 account: The initial payout is capped at GHS 500 during the first payout cycle.
    • For traders with a GHS 50,000 account: The initial payout is capped at GHS 2,500 during the first payout cycle.
  • Purpose: This policy is in place to manage firm cash flow and ensure financial sustainability as we grow.

 

3. Staggered Payment Plan

  • Subsequent Payments:
    • Any profit amount above the initial cap will be paid out in equal installments of up to GHS 500–1,000 per month until the full profit amount is paid.
  • Adjustments: The installment amounts and frequency may be adjusted as the firm’s revenue increases or under exceptional circumstances.

 

4. Payout Frequency and Conditions

  • Payout Schedule: Payouts will be processed on a monthly basis, with the first payout occurring within 30 days of a withdrawal request.
  • Processing Time: Each payout request may take up to 14 business days to process due to fund allocation and verification procedures.
  • Eligibility: Traders must be in good standing with no violations of trading rules to qualify for payouts.

 

5. Reserve Fund and Emergency Cap

  • Emergency Cap: In cases where the firm faces liquidity constraints or market disruptions, an emergency cap of 20–30% of the firm’s monthly revenue may be imposed on payouts. Affected traders will be notified, and a revised payout plan will be provided.
  • Reserve Management: A portion of the firm’s revenue is set aside as a reserve fund to ensure that trader payouts can be maintained during periods of financial strain.

 

6. Communication and Transparency

  • Notification of Changes: Traders will be informed of any changes to payout policies at least 15 days in advance.
  • Clear Communication: All payout schedules and changes will be communicated in writing to ensure that traders are aware of their rights and the firm’s obligations.

 

7. Trader Acknowledgment

  • Agreement to Terms: By participating in the Evaluation program, traders acknowledge that they have read, understood, and agree to abide by these payout terms and conditions.
  • Limitations of Liability: Ocqfund shall not be liable for any perceived losses incurred due to delays or modifications to the payout schedule as long as the firm adheres to the communicated policies.

 

8. Amendments

  • Right to Modify: Ocqfund reserves the right to amend these terms and conditions as needed. Any changes will be made to ensure fair treatment of traders and the sustainability of the firm.
  • Review Period: Traders will be given a 15-day notice period to review and accept any changes. Continued trading after this period constitutes acceptance of the new terms.

 

9. Contact Information

For any questions or clarifications regarding these terms, traders can contact Ocqfund at Ocqfund@gmail.com or through the trader portal.

 

10. Dispute Resolution

Any disputes arising from payout policies shall be addressed first through direct communication with Ocqfund. If unresolved, disputes may be subject to arbitration in accordance with local regulations.