Traders on the Junior Desk will trade under a separate Live Trading Agreement. This agreement outlines the terms of your trading relationship with TDD, including your profit-sharing split and applicable risk limits.
For US traders joining the Junior Desk, payouts are classified as 1099 independent contractor income rather than salary or wages. Taxes are not withheld from payouts, so traders are responsible for managing their own tax filings and payments.
If You’re Outside the US
A 1099 is a US tax form and does not apply to international traders. Payouts are made via international bank transfer, and the applicable tax treatment depends on your country of residence and individual circumstances. You are responsible for meeting any tax obligations that apply to you.
Profit Sharing and Opportunities to Progress
Traders on the Junior Desk start with a 60/40 profit split in the trader's favour, with the potential to progress to an 80/20 split as they demonstrate consistent performance. The figures that apply to you are set out in your own Live Trading Agreement.
As traders develop and demonstrate exceptional results, strong risk management, and trading discipline, TDD may offer additional opportunities. These can include expanded risk limits and member seat rates.
Any progression is at TDD’s discretion and depends on the trader’s demonstrated performance and suitability.
TDD can explain how its trading arrangements and payouts are structured, but individual tax obligations depend on your circumstances. We recommend consulting a qualified tax professional to understand how these arrangements apply to you.
If you have any questions about the Live Desk structure, please contact support@developtraders.com.