1. No Limits For Trading
At FundexFX, we impose no time limits on trades, including for news events, weekends, or maximum timeframes to reach targets. Traders have the freedom to make trading decisions based on market analysis without worrying about fixed deadlines. This means you can trade through major news releases, and hold positions over the weekend if you choose to. There are no restrictions on how long it takes to reach your profit targets. However, it is essential that every trader adheres to sound risk management practices and follows a strategy aligned with their trading plan.
2. Daily and Overall Drawdown
To ensure proper risk management, FundexFX enforces two key drawdown limits on your demo account:
Daily Drawdown
The daily drawdown is calculated based on your balance at midnight (GMT+1) and is set at 5%.
Example: If your balance at midnight is $10,000 and your equity is $10,450, you would violate the rule if your equity falls to $9,500 or below by the end of the trading day.
Overall Drawdown
The overall drawdown is based on your initial account balance and is set at 12%.
Example: If your initial account balance is $10,000, you will violate this rule if your equity drops to $8,800 or below at any point during the duration of your trading.
3. Credentials & Bot copier
Upon acquiring the evaluation program, traders will promptly receive their login credentials. It is strictly forbidden for traders to alter these credentials under any circumstances. Any attempt to modify account credentials will result in immediate suspension. FundexFX is actively seeking skilled traders for long-term collaboration and growth. We value your innovative ideas, as they are vital to our mutual success. However, please be aware that the use of signal bots, trade management services, or trade copiers is strictly prohibited across all FundexFX accounts. This includes copying the same trades across multiple FundexFX accounts, whether owned by the same individual or different traders. Our advanced monitoring software diligently tracks account activity, and any violation of these rules will lead to account suspension. Thank you for upholding these standards as we work together toward shared achievements.
4. Tradable Instruments and Commissions
With FundexFX, you can trade a variety of instruments including Forex, Crypto, Indices, Metals, and Energies. The commission structure varies by instrument:
Forex (Currency Pairs): A commission of 10 units of the second currency in the pair is charged per round turn for every standard lot traded.
Example 1: Trading 1 standard lot of GBP/JPY incurs a commission of 10 JPY. If the exchange rate is 1 USD = 150 JPY, the commission would be approximately 0.0667 USD.
Example 2: Trading 1 standard lot of EUR/USD incurs a commission of 10 USD.
Indices: A commission of 10 USD is charged per standard lot traded for indices.
Leverage
The leverage applied across all accounts in the 2-Step model is:
Forex: 1:400
Metals: 1:400
Indices: 1:400
Energies: 1:400
Crypto: 1:400
5. Payouts
FundexFX offers a 90% profit share on the profits generated. Payouts are structured as follows:
The first payout can be requested after 14 days of trading.
The second payout can be requested after an additional 7 days.
From the third payout onwards, you may request a daily payout.
Note: Transfers are subject to exchange rates and transaction fees. The minimum amount for a payout request is 1% of the initial balance, including our profit share.
6. Scaling Up
FundexFX offers a Scaling Plan for every funded account. Once you complete a payout cycle, the profits you have generated will be immediately added to your starting balance, increasing your trading capital for the next cycle. This allows you to scale your account progressively and take advantage of larger trading positions as your balance grows.
How It Works:
Each time you complete a payout cycle, the profit you’ve earned will be added directly to your starting balance. This means that your account will "scale up" after each payout, enabling you to trade with a larger balance.
Example 1:
Initial balance: $10,000
Profit after a cycle: $2,000
New starting balance after payout: $12,000
Example 2:
Initial balance: $20,000
Profit after a cycle: $5,000
New starting balance after payout: $25,000
This process continues, and with each successful payout cycle, your account balance grows, giving you more capital to trade with. The scaling plan helps maximize your earning potential, while ensuring that your trading account grows responsibly.
7. Refund and 10% Phases Split
FundexFX offers a Refund and 10% Phases Split for traders who meet the required performance thresholds.
Refund:
After reaching a +5% profit on your account balance, you will be eligible for a refund of your initial registration fee. The refund will be processed and credited to your account as soon as you achieve this milestone.
10% Phases Split:
Once you reach a +5% increase in your account balance, you will also be eligible for the 10% Phases Split. This means that for every profit made above the +5% target, 10% of the profit will be allocated as a phase split, which will be credited to your account.
Example:
Initial balance: $10,000
After reaching a +5% profit:
Your balance is now $10,500
You will receive a refund of the initial registration fee.
Additionally, any profit generated after this point will be subject to the 10% Phases Split, meaning 10% of any future profit above the initial +5% will be allocated to your phase split balance.
This system rewards traders who consistently grow their accounts while providing a structured path to increase your trading capital through both refunds and profit splits.
8. Account Delivery Timeline
FundexFX strives to provide a fast and efficient account setup process. The timeline for delivering your account is as follows:
Phase 1 Delivery:
After purchasing your account, the delivery will be completed within a few minutes. You will have immediate access to your trading account.
Phase 2:
The processing time for Phase 2 is 24 hours. During this period, we will verify and review the requirements for Phase 1 completion.
KYC + Master Account Setup:
Once the verification for Phase 2 is complete, the KYC (Know Your Customer) and Master Account setup will take an additional 72 hours. This period includes processing your documentation and onboarding you to our risk management system.
Our team works diligently to ensure your account is set up accurately and securely. Any delays will be communicated promptly, but typically the entire process will be completed within a few days.
9. Inactivity
Policy on account inactivity and consequences.
10. IP Address
Rules regarding IP addresses and security requirements.
11. Invalid Trading Practicies
Toxic trading practices are strictly prohibited and can result in the termination of your account. These include any behaviors that deviate from responsible, strategic trading and undermine the integrity of the trading environment. Examples of such practices include, but are not limited to:
Gambling or Random Trading: Placing trades based purely on luck, without a solid strategy or risk management plan. This includes excessive use of leverage or opening positions without proper analysis.
Excessive Risk-Taking: Engaging in trades with disproportionate risk relative to account size, such as risking a significant portion of the account balance on a single trade.
Inconsistent Position Sizing: Placing trades with varying lot sizes that are not part of a coherent trading strategy, leading to unnecessary exposure.
Latency Arbitrage or Exploitative Tactics: Taking advantage of server delays, errors, or price discrepancies to manipulate trades.
Martingale or Grid Strategies: Using high-risk methods that involve exponentially increasing trade sizes to recover losses, which can lead to unsustainable risk exposure.
Reverse or Mirror Trading Across Multiple Accounts: Placing identical or opposite trades on different accounts to artificially hedge or manipulate outcomes.
Traders are allowed a maximum of 20 consecutive days of inactivity during Phase 1 and Phase 2 of the evaluation, and 10 consecutive days for funded accounts, beyond which the account may be disabled or terminated.
FundexFX reserves the right to independently assess trading activities and determine whether they constitute toxic practices. Accounts found to be engaging in such behaviors may be suspended or terminated at our discretion, with potential forfeiture of profits. All trading activities should reflect a disciplined, well-thought-out strategy with proper risk management to maintain a fair and transparent trading environment.