The Funded Forex platform offers three Challenge types, giving traders a greater selection of opportunities to prove their skills and earn capital.
You can select between the following Challenge types when logged into your account: Elite, Unlimited, and One Step Challenge.
All Challenge types can be purchased at the prices listed below:
- 5K - $100
- 10K - $150
- 25K - $250
- 50K - $400
- 100K - $600
- 200K - $1100
Below you can find further information regarding each Challenge type:
Elite Challenge:
The Elite Challenges are carried out over a period of 105 days, split into two stages; stage one is 35 days long, while stage two is 70 days. During this period, traders need to prove their trading abilities before they are granted a fully Funded Account.
Further information:
- 80-20 Profit Split with the possibility of scaling.*
- 10% profit target for phase one.
- 5% profit target for phase two.
- Minimum of 5 trading days per phase (one trading day is a day where the user opens a minimum of one trade).
- 1:100 Leverage.
Unlimited Challenge:
With the Unlimited Challenges, you will enjoy unlimited time to finish steps 1 and 2 at your own pace.
Further information:
- 70% Profit Split with the possibility of scaling up to 90%.*
- 10% Profit Target for phase one.
- 5% Profit Target for phase two.
- Minimum of 10 trading days per phase (one trading day is a day where the user opens a minimum of one trade).
- 1:50 Leverage.
One Step Challenge:
In the One Step Challenge, you will only need to prove your trading abilities in a 45-day time frame.
Further information:
- 70% Profit Split with the possibility of scaling up to 90%.*
- 10% Profit Target.
- Minimum of 10 trading days (one trading day is a day where the user opens a minimum of one trade).
- 1:30 Leverage.
Users will receive a 100% fee refund after successfully completing both stages of the Challenge on their own.
Using expert advisors, high-frequency trading, or arbitrage will preclude the Customer from receiving a fee refund even if they receive funding for the Challenge.
Important Note:
*Scaling the profit split refers to the possibility of increasing the profit share depending on the trader's performance. Scaling is not guaranteed and is taken into consideration on a case-by-case basis and is to be granted solely at the discretion of Funded Forex and our Trading Analysts.
Each Challenge is subject to the aforementioned requirements, along with Funded Forex's evaluation criteria. Kindly click/tap on this link for a detailed breakdown of this information.