challenge account
| Account Size (USD) | Maximum Drawdown | Daily Loss Limit | Minimum Period (Days) | Profit Target Phase I | Allowed to Trade News | Trading Platforms | Profit Target Phase II | Profit Share Challenge Phase | Risk Split | Tradable Instruments | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,000 | 12% | No | 5 | 8% | Yes | MT4, MT5 | 5% | 10% | 80/20 (up to 90/10) | Commodities, Forex, Indices & Stocks | |
| 50,000 | 12% | No | 5 | 8% | Yes | MT4, MT5 | 5% | 10% | 80/20 (up to 90/10) | Commodities, Forex, Indices & Stocks | |
| 100,000 | 12% | No | 5 | 8% | Yes | MT4, MT5 | 5% | 10% | 80/20 (up to 90/10) | Commodities, Forex, Indices & Stocks | |
| 200,000 | 12% | No | 5 | 8% | Yes | MT4, MT5 | 5% | 10% | 80/20 (up to 90/10) | Commodities, Forex, Indices & Stocks |
FX Expert Funded Challenge Account Rules
The FX Expert Funded Challenge Account provides a platform for skilled foreign exchange traders to demonstrate their expertise. Below are the detailed rules and parameters for the challenge:
Profit Targets:
- First Profit Target: Participants are required to achieve an 8% profit on their initial investment.
- Second Profit Target: Upon reaching the first target, participants must strive for an additional 5% profit.
Drawdown Parameters:
- Overall Drawdown: Participants must ensure that their overall drawdown does not exceed 12% of the initial investment.
- Daily Drawdown: Strictly no drawdown is allowed on a daily basis.
Minimum and Maximum Trading Days:
- For both the first and second profit targets, participants must engage in a minimum of 5 trading days.
- The maximum trading period for the first target is 35 days, while for the second target it is 60 days.
Acceptance of Automated Tools and Positions: Participants are allowed to use Expert Advisors (EAs), signals, and hold overnight and weekend positions.
Trading Platforms: The challenge is conducted on the MT4 and MT5 platforms.
Trading Restrictions: There are no specific trading restrictions imposed on the participants.
Profit Sharing Policy: During the evaluation phase, a 10% profit split is allocated. Upon successful evaluation, the profit split for the funded account is set at 80%, with the potential to increase up to 90%.
Tradable Instruments: Participants are free to trade all available instruments within the market.
Guaranteed Funding: A guaranteed funding of 10 million units is allocated to successful participants.
Withdrawal Policy: On the real account, participants are eligible to withdraw up to 5% of the profits on a monthly basis.
The FX Expert Funded Challenge Account is designed to foster a competitive environment for experienced forex traders, providing them with an opportunity to showcase their skills and expertise. It aims to reward successful traders with significant funding and profit-sharing opportunities, thereby encouraging continued excellence in the field of foreign exchange trading.