FX Expert Funded Challenge Account Description:
Welcome to the FX Expert Funded Challenge Account, a unique opportunity for experienced forex traders to showcase their skills, earn profits, and enjoy substantial profit sharing. This challenge is designed to test your trading expertise and reward your success, all while adhering to strict risk management principles.
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Trading Rules Summary
Authorized Markets
- Trade in Crypto, Forex (Majors & Minors), Gold, and Indices.
Commissions
- Crypto: 0.07% per lot roundturn.
- FX, Metals, Indices: 0.0014% per lot roundturn.
Trading Permissions
- Allowed: News trading, EAs, bots, and scripts.
- Not Allowed: IP/device sharing, copy trading.
- Weekend Positions: Permitted.
Profit Sharing
- First Payout: 60%.
- Subsequent Payouts: 70%, increasing up to 80%.
Profit Targets
- Withdrawal Target: 1%.
- Growth Target: 10%.
Payout Cycle
- First 30 Days: Every 14 days.
- Senior Traders: Every 5 days.
Trading Platform
- Use MT5 with 24/7 trading access.
Drawdown Limits
- Daily Maximum: 5%.
- Absolute Maximum: 8%.
Prohibited Strategies
- No arbitrage, martingale, hedging, or multi-account hedging.
Leverage
- Maximum leverage is 1:100.
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Additional Rules
- Stop Loss Requirement: For the first month, a stop loss must be applied within 2 minutes after executing a trade.
- Risk Per Position: No more than 1% of the account size should be risked per position.
- Multiple Positions: If more than one position is open on the same or different pairs, the total risk of all positions combined will count as one.
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