Frequently asked questions

  • We pride ourselves on offering some of the best trading conditions and challenge rules on the market:
    Tight spreads- our top priority is to give our traders the best conditions to trade in, tight spreads with extremely minimal slippage.

    No Time Limit- take as long as you want in a challenge!
    115% refund – once you have passed Phase 1 and Phase 2, receive a 115% refund of your challenge fee on your third payout!

    Balance Based Drawdown- the maximum daily drawdown is calculated on your account balance, not your equity.

  • Before we issue you with a funded account when you pass a challenge, you must pass a KYC screening by submitting your government ID and providing proof of address that has been issued within the last 90 days. We will then send you a traders agreement once you have passed the KYC within 48 hours. So you can start a challenge without being passed through KYC screening, but if you pass the challenge you must pass the KYC screening to get access to the funding.
     
    If you have any issues in the KYC phase, please contact customer support.

  • The information or services described on this website is not directed at or offered to residents of North Korea, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank, Venezuela and to jurisdictions on the FATF and EU/UN sanctions lists or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support.

  • We have an inactivity period of 30 days, meaning whether you are in a challenge or are funded you must place 1 trade before 30 days after purchasing, and to place 1 trade minimum before every 30 days from then on.

  • Our scaling plan is determined by our risk management team and involves A-booking our clients (funding them with real funds). We look for consistent, profitable traders to A book.

  • You must be 18 years of age to receive a funded account.

  • You can request a payout and get paid for any amount over $100.

  • Yes, we allow copy trading on accounts, and copy trading between FundedX and other Proprietary Firm accounts.

  • You can request a payout through your dashboard when you are eligible for a withdrawal. Payouts are approved after being reviewed within 24 hours.

  • You can request your first withdrawal in 14 days and then every 14 days after that you can continue to make withdrawals.

  • We offer bank transfer and crypto payouts for our funded traders.

  • All our challenges have a balance based drawdown only. So for a $100k challenge on two phase for example, your max daily drawdown is 5% and resets every new trading day. Your maximum drawdown on challenges and funded accounts is locked at 10% drawdown from the initial balance of the account.

  • For two phase challenge the profit target for Phase 1 is 8% and the profit target for Phase 2 is 5%. There are no profit targets on funded accounts.

    For one phase challenge, the profit target is 10%, and there are no targets on the funded account.

  • We have a range of trading pair types for different spreads. For tightest spreads, use .pro type.

  • For all account sizes, we offer:

    • Forex: up to 1:50 leverage

    • Indices up to 1:50 leverage

    • Commodities up to 1:50 leverage

    • Crypto up to 1:10 leverage

  • We pride ourselves on giving the best trading conditions to our clients, and that is why we offer live trading conditions even on challenges. No crazy spread and slippage issues that other firms encounter. We are for the trader.

  • We have 3 minimum trading days in the challenge for each phase of the two phase challenge.
    For the 1 phase challenge, we have a minimum 5 trading days required.
    Do you have a consistency rule?
    We do not have a consistency rule on 2 phase challenges. On the one phase challenge, we have a consistency rule of 60%, meaning one trade cannot equal more than 60% of the profit target. So on a 100k account, no single trade can equal 60% of the $8,000 profit target, so one trade cannot equal more than $4,800.

  • The maximum account size you can trade is $400,000 USD, which is 2x $200,000 funded accounts. You can also have up to $400k in active challenge accounts at any one time. These can be split between as many account sizes or accounts.

  • No, there are no lot size restrictions.

  • When purchasing your challenge, you’re able to select the ‘trade on weekends’ add on with no restrictions, but we don’t allow news trading. Trades cannot be opened or closed 5 minutes either side of high impacting news release.

    For example, if USD news is in 5 minutes and you want to enter a trade, you have to enter before 5 minutes before the news release OR wait until 5 minutes after to enter. If you are already in a trade before 5 minutes prior to the news, you can hold through the news but you cannot close the trade within 5 minutes after the news release.

  • You can use Tradelocker. We offer traders the most powerful features and tools to excel their trading.

  • Yes, all fundedX challanges and funded accounts are swap free.

  • For two-phase accounts: The maximum drawdown is 10% and applies to both challenges and funded accounts, calculated based on equity, not balance. If your equity drops below 90% of the initial equity, your account will be considered breached. The maximum daily loss limit is 5% of your equity, which resets at the start of each new trading day.

    For one-phase accounts: The maximum overall drawdown allowed is 7% of your initial equity. The maximum daily drawdown is 4%, also based on equity. If your equity falls below 93% of the starting equity, your account will be breached.

    These drawdown limits ensure that trading activities are conducted within safe financial boundaries, helping to manage risk effectively.

  • Hedging or group hedging across multiple accounts:
    Hedging is allowed under the same account, but is not allowed across multiple accounts as it does not reflect a proper trading strategy.
     
    Grid Trading:
    This is where buy and sell orders for the same instrument are placed from different accounts on proprietary trading firms. Grid trading has potential for over leveraging and market manipulation, and is not allowed.
     
    Account Sharing:
    Account sharing between other individuals or entities is strictly prohibited.

  • The consistency rule applies for the 1 phase challenge only.

    The rule is based off of the starting and ending equity of the day, and states that your highest profitable day cannot be higher than 60% of your profit target. If this is exceeded, then the challenge is breached.

    For example, your biggest profit day on a $100,000 single phase challenge with a 10% profit target is $6000.

  • We do not offer refunds to traders that fail to meet our challenge T&C’s.

    However, on the 3rd payout, you get a refund of 115% of your challenge fee,