Your Eiger Funded account runs on eTrader, a trading platform supplied by an independent third-party software provider. You can use it in the browser, on desktop, or in the apps for iOS and Android, all with one login, and prices update every 70ms.
eTrader is where you place trades. Eiger Funded is who sets the rules, reviews the account and pays rewards. Knowing which side does what saves time when you have a question.
Key takeaways
- One platform, four ways in: web, desktop, iOS and Android, with one login.
- Your account is created on eTrader after checkout, on every program and size.
- Leverage is 1:100 on every account.
- eTrader does not set, monitor or enforce Eiger's rules and has no part in breach decisions or payouts. Eiger does.
Where can you trade?
The home page lists four places: web, desktop, iOS and Android, with one login. Open it in your browser, or install the app on your phone. The same account is behind each of them, so you can place a trade at your desk and check it later from your phone.
The Risk Disclosure says the account is created on eTrader after checkout. Everything on it is simulated: prices come from the live market, but orders are filled on the demo account and never routed to a real exchange. The same page notes that simulated pricing, spreads, slippage and execution may differ from live market conditions.
Who does what: eTrader and Eiger Funded
The Risk Disclosure is specific about the split. eTrader is a technology vendor only. It is not a party to your agreement with Eiger Funded and does not operate the program.
| Trading rules | Eiger | eTrader does not set, monitor or enforce them. |
|---|---|---|
| Breach decisions | Eiger | Rules are checked automatically against your trade history. |
| Account reviews | Eiger | eTrader plays no part in them. |
| Payout eligibility and payment | Eiger | eTrader plays no part in either. |
| Platform features and availability | eTrader | These may change at the provider's discretion. |
In practice: a question about a rule, a breach or a payout goes to Eiger support, by ticket in the client portal (Support, then New ticket) or to [email protected]. The provider has no obligation toward Eiger's clients.
eTrader runs the screen. Eiger runs the rule book.
Leverage of 1:100, in numbers
Every account has 1:100 leverage. At 1:100, the margin a position needs is 1% of its value: a position worth €100,000 ties up €1,000 of margin, and one worth €25,000 ties up €250.
Leverage decides how much you can open. The drawdown limits decide how much you can lose. On a €25,000 account the two look like this:
| Daily loss, evaluating | €1,250 | 5% within one trading day, closed and floating positions together. |
|---|---|---|
| Overall drawdown, evaluating | €3,000 | 12%, trailed from the account's peak equity. |
| Daily loss, funded | €750 | 3% within one trading day. |
| Overall drawdown, funded | €1,500 | 6%, trailed from the account's peak equity. |
The margin a trade uses is not the loss limit. A position can need very little margin and still move the account past the daily limit, and it is the daily and overall limits that fail an account. The Terms also warn that reckless full-margin ("all-in") positioning may be flagged as gambling behaviour. There are size caps too: 100 lots for a single position, 100 lots combined on one symbol, and no trade above 3 times your baseline size, which is the median lot size of your closed trades, checked from your 4th closed trade. The lot-size limits work through them.
Rules that meet the platform
Several rules are about what you do on the platform minute by minute. All of them are on the trading rules page, and each one breaches the account.
- A position may sit with no stop-loss for at most 10 minutes. See the 10-minute stop-loss rule.
- Positions still open past 22:00 UTC breach. From 22:00 to 23:00 UTC, while spreads and swaps are recalculated, you may not open or close positions, and holding while markets are shut fails the account. See overnight and weekend holding.
- No opening or closing a position from 30 minutes before to 30 minutes after a scheduled high-impact release for either currency of the symbol. A euro release closes the window on EURUSD and on EURJPY alike.
- A closed trade held for fewer than 3 seconds breaches.
Two more are about how orders get onto the platform. Copy trading, signal services, EAs not approved in writing, HFT bots and latency arbitrage are prohibited, and trade correlation is monitored across accounts. And the account is yours alone: sharing your platform access or credentials, or letting anyone else place orders on it, is prohibited under the Terms & Conditions. So is using a VPN, proxy or emulator to mask your identity or location.
When the platform or the feed has a problem
The Risk Disclosure is direct: outages, feed errors, latency and connectivity faults can occur on any trading technology. Profit made by exploiting those conditions is not honoured, and Eiger is not liable for lost simulated profit caused by technical interruptions. Trading during periods of extreme low liquidity may also be reviewed if the execution could not be replicated in live market conditions.
If something looks wrong on the platform, open a ticket with the account and the time it happened. Tickets are raised inside the client portal so support can see the account and its trade history.
Frequently asked questions
Can I trade my account from my phone?
Yes. eTrader is available on iOS and Android as well as on the web and desktop, with one login.
Is eTrader part of Eiger Funded?
No. eTrader is supplied by an independent third-party software provider. It is a technology vendor only and is not a party to your agreement with Eiger Funded.
Does eTrader decide whether I breached a rule?
No. Eiger Funded sets and enforces the rules, checking them automatically against your trade history. eTrader plays no part in breach decisions or payouts.
What leverage do I get?
1:100, applied to all accounts, as listed on the trading rules page.
Can I run an expert advisor on eTrader?
Not unless Eiger Funded has approved it in writing. EAs not approved in writing, copy trading, signal services, HFT bots and latency arbitrage are prohibited.
Read the rules, then pick a program
Every rule that can fail an account is published in full before you pay. Three programs, five sizes, an 80% reward and no time limit on any step.