1. Daily Drawdown
You are allowed a maximum daily loss of 5% of your account balance at all stages. This means your losses must not exceed this percentage in any single day. The daily drawdown is calculated based on the account balance at the end of the previous day (broker server time 00:00).
2. Maximum Drawdown
The maximum overall drawdown is 10% of the initial account balance and remains static. Your account balance/equity must never drop below 90% of the initial balance at any time during the trading journey.
3. Profit Split
Traders receive 80% of the profits.
4. Payout Cycle
Profit withdrawals are available bi-weekly (14 calendar days) after the first trade on the funded account.
5. Minimum Trade Duration
A minimum holding time of 30 seconds applies to funded accounts.
https://forfx.com/accounts/30-seconds-rule/
6. Challenge Fee Refund
125% refund: the full challenge fee plus a 25% bonus is refunded together with the third profit withdrawal.
7. EA and Bot Usage
Using the same trading bot by multiple users on funded or live challenge accounts is prohibited. Violations will result in account termination. All EAs (including risk management EAs) must be verified in the funded stage.
https://forfx.com/general-rules/ea-advisor/
8. Consistency Rule
This account is not subject to the Consistency Rule. There are no restrictions regarding profit distribution across trades.
9. 80% Rule
The restriction of gaining more than 80% of withdrawable profits from one or multiple simultaneous trades does not apply to funded stage.
10. Floating Risk
The 2% floating loss limitation does not apply in funded stage.
11. Can I Trade During News Releases?
Trading during economic news announcements is allowed with the following restrictions:
1. Traders cannot use more than 50% of their margin to open trades from 30 minutes before to 5 minutes after high impact forex news event.
2. Traders cannot use more than 50% of their margin to open trades from 30 minutes before to 30 minutes after high impact economic speeches.
Violating these rules ( 1&2) will not result in the loss of the account, but profits from such trades will not be counted in the trader’s record.
3. Hedging is not allowed from 30 minutes before to 5 minutes after high impact forex news event.
Violating this rules will result in the loss of the account.
please also note the following:
- Increased Slippage:
- During the release of significant news, there may be an increase in slippage, which can elevate the risk of losses.
- Risk Disclaimer:
- Our company does not accept any responsibility for losses incurred due to trading during news events.
Please trade cautiously and be aware of the potential risks associated with news releases.
12. Refund Policy
Refund Eligibility
Participants who successfully complete a challenge will be eligible for a refund equal to 125% of the initial fee paid to enter the challenge, in accordance with the specific terms and conditions of that challenge. This reward reflects our commitment to recognizing and nurturing trading talent.
Exceptions to Refund Eligibility
To maintain the integrity and fairness of our challenges, there are specific circumstances under which refunds will not be granted, even if the challenge is successfully completed:
a. Use of Expert Advisors (EAs):
Participants who use Expert Advisors (EAs) during the challenge will not be eligible for a refund. Our challenges are designed to assess individual trading skills and strategies, and the use of EAs undermines this objective.
(Risk management EAs are exempt from this rule.)
b. Use of the Free Retry Option in the Legend and Red Plan:
Participants who enroll in our advanced challenges and use the free retry option will not be eligible for a refund after successfully completing the challenge. The free retry option provides participants with an additional opportunity to demonstrate their trading skills without financial penalty for an unsuccessful attempt. Using this option excludes participants from refund eligibility in order to preserve fairness and the competitive spirit of our challenges.
This policy ensures that our challenges remain fair and focused on individual trading mastery.