FlexyTrade Help Center
  • Welcome to FlexyTrade Help Center
  • ⚙️Getting started
    • About FlexyTrade
    • Sign up
    • Our Plans
    • The ‘One Time’ Payment System
    • Available Payment Methods
    • Can I have multiple accounts?
    • Refund Policy
    • General FAQ
  • 🔗Connections and Platforms
    • System Requirements
    • Tools to Get Started with FlexyTrade
    • Supported Data Feed Providers
    • Supported Trading Software
    • R|Trader Pro Connection Guide
    • Quantower Connection Guide
    • Connections & platforms FAQ
  • 🚀Challenge Step
    • What are the rules to follow?
      • Trailing Drawdown
      • Overnight Trading Positions
      • Allowed number of contracts
      • Available trading instruments
      • Market Data and Market Depth
      • Futures Market
      • Trading Hours
      • Commission Rates
    • Am I allowed to copy trade on multiple challenges accounts?
    • Requirements to pass the Challenge
    • I reached the target, What's next?
    • What are the identification documents I need to submit to complete my account validation?
    • Challenge step FAQ
  • 💲Performance Accounts Step & Payout
    • What are the rules to follow for the Performance account ?
    • Payout Policy
    • Withdrawal Schedule
    • Consistency Rule
    • Available Payout Methods
    • Independent Contractor Status
    • Performance accounts & payout FAQ
  • InstaFunded Accounts
    • Pricing
    • What are the trading rules for the Trailing InstaFunded Accounts?
    • What are the trading rules for the EOD InstaFunded Accounts?
    • Payout Policy
    • Consistency Rule
  • Hedging and Prohibited Actions
    • Understanding Dollar-Cost Averaging (DCA) in Trading
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  1. Performance Accounts Step & Payout

Independent Contractor Status

FlexyTrade and the Trader do not establish an employer-employee relationship; rather, the Trader is deemed an independent contractor. As per this classification, FlexyTrade is responsible for issuing and delivering a Form 1099-MISC/NEC, or any pertinent federal and state income tax reporting forms, to the Trader for reporting earnings under this Agreement. The Trader is accountable for furnishing FlexyTrade with all necessary information to fulfill tax reporting obligations accurately.

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Last updated 1 year ago

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