FAQ

Have Questions?

Unlocking Your Curiosities: FAQ Explained

Yes, you can sign up for multiple challenges, with a total account funds limit of $600,000 USD.

FundedtradeFx is the pioneering prop firm to provide the “second chance” feature free of charge to every participant, exclusively applicable during the evaluation phases. If you breach your account in the first or second phase, you have the opportunity to restart from the initial phase. However, it’s crucial to note that this second chance isn’t available during the elite/live trading phase. This unique benefit is included with each challenge you purchase, underscoring our dedication to supporting and educating our traders.

Yes, you can review the available leverages in the table provided below. This will provide you with a clear overview of the leverage options we offer.

LEVERAGE
FXIndicesAU, AGOilNGASXPD, XPTCryptoUS Stocks
10030202020202–

The spread on our platform is practically non-existent. We provide an exceptionally tight spread, typically ranging from 0.01 to 0.02, which ranks among the best in the industry. This minimal spread ensures that traders can execute their trades with minimal cost impact, creating an advantageous trading environment.

It’s essential to adhere to the specified limits when managing your investments. If you surpass the maximum allocation of $600,000 for live funded accounts, your existing accounts will not be disrupted. However, you won’t be able to make additional contributions to these accounts until the total allocation is brought back within the limit.

At FundedtradeFx, we provide our users with the opportunity to purchase an unlimited number of challenges, offering flexibility to accommodate diverse trading strategies and preferences. However, it’s important to note certain limitations and geographical restrictions:

Maximum Allocation for Live Funded Accounts: While there is no restriction on the number of challenges you can purchase, the total allocation for live funded accounts is capped at $600,000. This means that regardless of the quantity or type of challenges completed, the cumulative value of your live funded accounts cannot surpass this limit.

Geographical Restrictions: To comply with regulatory standards, traders from specific countries are subjected to different limitations or are ineligible to participate in our challenges. These include:

Banned Countries: Participation from traders residing in Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia is prohibited.

 
 
 
 

Once your payment is confirmed, you can expect to receive your Trading Platform and Dashboard credentials within 5 minutes. However, if you’ve opted for crypto payments, please note that the confirmation time hinges on network congestion and blockchain verification, which may extend the wait.

For local bank payments, your account will be swiftly issued upon providing proof of payment and once the funds reflect in our bank account. Typically, this process is immediate, though occasionally it may take between 2 to 4 hours to finalize.

All challenges have unlimited trading time to complete.

Yes, EAs are enabled on our trading platforms.

Once you transition from the evaluation phase to becoming a funded trader, it’s imperative to implement a stop loss strategy. This practice is integral for effective risk management, ensuring sustained participation in the markets and safeguarding capital.

Following the initiation of a position, you’ll be allotted a five-minute timeframe to establish a stop loss. During this window, any trades executed on the same pair will be treated as a single position, necessitating a stop loss for each.

Should you overlook setting a stop loss within the designated five-minute window, our system will promptly issue a warning email upon detection. Considered a soft breach, this lapse permits continued trading with your account. You’re granted up to 2 soft breaches, after which the third breach will result in a firm breach of your account, accompanied by deductions from profits earned on trades lacking stop losses.

It’s crucial to note that the stop loss value upon trade closure is definitive. Whether a trade concludes without a stop loss or if the established stop loss breaches risk management guidelines, it constitutes a breach irrespective of the trade’s duration.

 

You have 6 months to activate your account and start trading.

Yes, news trading is permitted. However, traders must be aware that this involves increased risk, and there is a possibility of slippage due to the high volatility and liquidity during these periods.

Yes, you can hold trades over the weekend. However, swaps will be charged for overnight positions.

The daily drawdown resets at 5pm EST. In order for the daily drawdown to reset in the traders dashboard, all positions are required to be closed prior to the time.

After passing our evaluation, traders can request a payout within 1 to 2 days after their first trade. When you’re ready to request a payout, simply do so through your Dashboard.

Our team typically approves your payout within 1 hour, often even sooner. The funds will then be sent to Deel, who will subsequently transfer them to your account.

Deel offers various payout options, including bank transfers and crypto. Feel free to choose the one that suits you best!

Generally, the payout process only takes 3 to 4 business hours, but many of our traders have received their funds in under 3 hours!

Please contact our support team regarding any questions or concerns you may have on support@fundedtradefx.com

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Still have any questions?

Reach Us

Location :

Saint Vincent and the Grenadines Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown.

Email :

Support@fudnedtradefx.com

Phone :

 +357-22009103