FX Expert Funded Challenge Account Rules
- Traders of all experience levels can participate.
- Minimum age requirement: 18 years.
- Three challenge account per trader.
- Traders must register on the platform’s website.
- Personal, trading history, and contact details are required.
3. Challenge Account Setup:
- Traders receive a demo trading account with a predetermined starting balance.
- Leverage is fixed at 1:100.
- Markets: Forex majors and minors.
4. Trading Period:
- Fixed trading period: 30 days.
- Withdrawals can only occur after this period.
5. Risk Management:
- Maximum Drawdown: 8% of the starting balance.
- Daily Drawdown: Not allowed to exceed 5% of the starting balance.
- Positional Drawdown: Not allowed to exceed 1% on the real account.
6. Profit Targets:
- Phase 1: Profit target of 8% of the starting balance.
- Phase 2: Profit target of 5% of the starting balance.
- Traders must achieve either target to be eligible for funding.
7. Trading Requirements:
- Minimum Trading Days: 5 days within the trading period.
- Mandatory Stop Loss: Required on the real account.
- News Trading: Permitted.
- EA, Bots, Scripts: Allowed.
8. Withdrawal and Profit Share:
- Profit Target for Withdrawal: 1% of the account balance.
- Profit Share: Trader receives 80% to 90% of profits.
- Payout Cycle: Profits paid out every 5 days.
9. Trading Restrictions:
- Copy Trading: Not allowed.
- Hedging: Not allowed.
- Weekend Positions: Allowed.
10. Evaluation and Funding:
- Traders meeting the profit targets can transition to a funded account.
- Funded account balance options: $10k, $25k, $50k, $100k, $200k.
- Trader’s chosen payout percentage determines the funded account size.
11. Funded Account Rules:
- Trading Conditions: Leverage remains 1:100, trading hours are 24/7.
- Ongoing Risk Management: Max Drawdown (8%) and Daily Drawdown (5%) apply.
- Profits shared as per the agreed profit share percentage.
12. Account Termination:
- Account may be terminated for rule violations or improper conduct.
- Serious breaches of risk management guidelines may lead to termination.
- All account updates, evaluations, and payouts will be communicated via registered contact information.
14. Risk Disclosure:
- Traders are informed of the risks involved in forex trading and potential losses.
- Platform is not liable for any trading losses.
- Platform reserves the right to modify rules, evaluation criteria, and terms.
16. Legal Jurisdiction:
- Disputes are subject to jurisdiction specified in platform’s terms and conditions.
These rules create a structured framework for an FX Expert Funded Challenge Account, while accounting for risk management, profit targets, trading conditions, and the transition to a funded account. Always ensure that the rules align with the platform’s goals and policies.