To maximize your success and maintain compliance throughout your trading journey, please review the following key guidelines and restrictions for the White Account:
1. Daily Drawdown
Maximum daily loss is 5% of the account balance, calculated based on the previous day’s closing balance (broker server time 00:00).
2. Maximum Drawdown
The maximum overall drawdown is 12% of the initial account balance and remains static. Your account equity must never reach or exceed this loss level.
3. Profit Target
- Phase 1: 8%
- Phase 2: 5%
- Funded Stage: No limit
4. Minimum Trading Days
At least 4 separate trades are required during the challenge. Trades can be on non-consecutive days, and there is no upper limit on the number of trades. You must have at least 4 trading days to pass the challenge.
5. Floating Loss Rule
During challenge phases, the 2% floating loss rule applies only to $25,000 and $50,000 accounts.
https://forfx.com/general-rules/flr/
6. Minimum Trade Duration
The 30-second minimum holding time rule does not apply. Short-term trading is allowed.
7. Free Retry
Free challenge retry is not available for White accounts.
8. Use of EAs and Bots
Only risk-management EAs are allowed. Trading bots are completely prohibited. In the funded stage, all EAs must be verified.
https://forfx.com/general-rules/ea-advisor/
9. Gambling Rule
Traders cannot reach 80% of the profit target through one or multiple simultaneous trades during the challenge.
https://forfx.com/general-rules/gambling-trading/
10. Copy Trading
- Copy trading is allowed in demo challenges.
- No verification or technical approval is required.
https://forfx.com/general-rules/copy-trade/
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.
Trading During Economic News Announcements in Challenge Phases and Funded Accounts
Challenge Duration
There is no time limit to pass the challenge. Traders can progress at their own pace under optimal conditions.
Note: A 30-day inactivity rule applies to all accounts.