Trader Evaluation | Rules & Terms
The full trading rules and risk requirements of the XS Select China futures evaluation. Strict, transparent, and identical for everyone — built to select traders with genuinely high reward-to-risk strategies.
Section 1: The Evaluation
XS Select provides three standardized China futures simulated evaluation tiers (¥100K / ¥500K / ¥1M RMB). The evaluation is a professional-grade training and self-verification environment: prove, with purely objective data, that you have professional risk control and consistent profit potential.
All evaluations run on the Wenhua Finance simulation platform with 2x the exchange-standard commission (charged on both open and close). This deliberately replicates professional trading conditions to filter for high reward-to-risk strategies. If your style is high-frequency scalping, please do not sign up.
| Tier | Simulated Balance | Fee (USDT) | Pass Bonus |
|---|---|---|---|
| Starter | ¥100,000 RMB (≈$14K) | $29 | $290 |
| Pro | ¥500,000 RMB (≈$70K) | $99 | $990 |
| Elite | ¥1,000,000 RMB (≈$140K) | $149 | $1,490 |
What the fee covers: simulated account provisioning, daily data statistics, file administration, 24/7 risk-control software service and evaluation support — a one-time service fee. This is a virtual product: you may request a refund while waiting for account delivery; once the simulated account has been dispatched, provisioning and risk-control configuration are complete and no refund is available.
Process: after payment, your simulated account and password are emailed to you. Download the app, log in, and your evaluation begins.
Section 2: Core Evaluation Rules
One rulebook — strict, transparent, identical for all. All profit rates are calculated on end-of-day settled equity.
Instruments
China's most actively traded commodity futures — the main (highest open-interest) contracts of high-liquidity products.
Profit Target
Reach a cumulative evaluation gain of +29% within the evaluation period to pass.
Daily Gain Cap
To test profit consistency, a daily settled gain above 2% of the account's base equity is counted as 2%; gains below 2% (or losses) count as-is.
Example: on the ¥100K tier, a single-day profit of ¥3,000 counts as ¥2,000 (2%) toward evaluation progress. The excess is not lost — it stays in the account and becomes part of the next day's base, but it does not accelerate your evaluation progress.
Risk Limits
Principal drawdown limit: during the evaluation, account equity may not fall below 95% of the initial allocation (max 5% principal drawdown).
Example: on the ¥100K tier, equity — intraday or settled — must never drop below ¥95,000. The moment it does, risk control triggers: no new positions may be opened and the evaluation ends.
Trailing drawdown limit: the maximum trailing drawdown is 6%, measured from the account's highest equity value (intraday or settled, whichever is highest).
Example: on the ¥100K tier, if the historical peak equity reaches ¥120,000, settled equity must not fall below ¥120,000 × 0.94 = ¥112,800. Breaching this line triggers risk control and ends the evaluation.
Duration & Free Extensions
- Standard evaluation period: 3 calendar months.
- If cumulative gain is below 1% after the first month, the evaluation is considered invalid and ends early.
- Reach 10% (but below 29%) within 3 months → free 3-month extension.
- Reach 20% (but below 29%) within 6 months → another free 3-month extension. Maximum total duration: 9 months.
Prohibited Practices
No high-frequency scalping: because the simulated environment has extremely high quote precision, any record with a holding time under 1 minute or a price move under 5 minimum ticks is flagged as a "low-quality strategy record" — it does not count toward your profit target, but its drawdown does count toward risk monitoring.
Non-standard instruments: options and illiquid contracts are excluded from evaluation. Gains from non-main contracts do not count toward progress, but their equity swings do count toward the risk limits.
Results & Disputes
Trading results: placing your first trade in the provided environment constitutes unconditional acceptance of these rules and of the results produced by the Wenhua Finance platform. Quote and execution data come entirely from Wenhua's servers — we have no ability to alter results, and no obligation to investigate them beyond what the data shows. Your trading takes place in a fair and transparent environment at all times.
Disputes: if you disagree with an evaluation outcome, contact support and communicate respectfully — we actively work with you to resolve issues. Abusive or malicious conduct toward staff results in a permanent ban.
Section 3: After You Pass
Passing proves you are among the top tier of traders — and earns you a contract with us.
Sign-On Bonus
Pass the evaluation and receive 10x your entry fee as a sign-on bonus (pass the $29 tier → receive $290).
Performance Account
You sign on as an XS Select strategy provider and receive access to a performance account matching your evaluation tier.
- Account nature: the performance account is a simulated account with fictitious funds — the same internationally standard compliance structure used by leading global evaluation platforms. Balances are virtual, but quotes are real-time market data with institutional-grade liquidity. Your performance compensation is settled based on this simulated account's trading results.
- Your role: you are a contracted strategy provider (independent contractor — not an employee, not an asset-management relationship). No deposit required, no personal capital at risk. Just trade.
- How you earn: XS Select adopts your trading signals; when the simulated account is profitable, you are paid the agreed share of performance compensation in USDT.
Smart Principal Lock
To build professional capital-protection discipline, the hard risk line ratchets upward as you profit (Starter tier example):
- Initial risk line: ¥95,000.
- As equity grows, the line follows upward (maintaining a 5% gap).
- Key point: once the line reaches ¥100,000 (your base equity), it locks permanently and never moves again.
Risk Buffer
On the performance account, the only hard limit is the Smart Principal Lock. There is no trailing drawdown limit — so you can fully express your strategy's profit potential. Strategy volatility is absorbed by the incubation desk; you never bear personal financial risk.
Remote Contract
Sign on as a global remote trader with an electronic contract. Whenever your performance account is profitable, request a payout of 50% of performance gains.
- Settlement: all trader compensation is paid in USDT (USD-pegged).
- Withdrawal: USDT (TRC-20) to your personal crypto wallet only.
- Speed: payouts are completed within 24 hours, worldwide.
Our commitment: the entire evaluation and cooperation process is open, fair and transparent. XS Select is built to be the most trustworthy partner a great trader can have.
Section 4: Instant Performance Account Rules (No Evaluation)
The Instant tier is for traders who don't want the evaluation and prefer to start trading immediately: right after payment you receive access to a performance account of the chosen size. Profit and you may request performance compensation — no profit target, no evaluation period, no sign-on bonus.
Account Nature
- The Instant account is identical in nature to a post-evaluation performance account: a simulated account with fictitious funds connected to real-time market data. You are a contracted "strategy provider"; compensation is settled in USDT based on the simulated account's trading performance.
- Instant tiers: ¥100K ($139) / ¥500K ($699) / ¥1M ($1,399).
Risk Lines (breach of any = account voided immediately)
- Max daily loss 4%: measured against the prior trading day's settled equity — if today's equity falls below (prior settled equity × 96%), the account is voided.
- Max trailing drawdown 8%: measured from the all-time equity high — an 8% pullback from the peak voids the account. This line ratchets up with new equity highs and never moves down.
- Consistency requirement: a single trading day's profit may not exceed 30% of the account's cumulative profit (prevents one-day gamble trading). Profit violating this does not count toward withdrawable amounts.
- Commission: 2x exchange standard (charged on open and close). High-frequency scalping does not count toward performance.
Compensation & Withdrawals
- Share: 50% of account profit; once cumulative profit reaches 20% of the initial account size, the share rises to 60%.
- First payout: requires at least 10 trading days and ≥4% account profit.
- Payout cycle: after the first payout, one request every 14 days.
- Per-payout cap: max 3% of the initial account size per withdrawal.
- Settlement: USDT (TRC-20), within 24 hours.
Void & Reset
- Breaching any risk line voids the account; the service ends and the fee is not refundable.
- After a void, a reset account (starting fresh) can be purchased at 20% off the current tier price.
- Account dispatch marks full delivery of the service; no refunds.