What is the Prop Firm copy trading rule at Funded Forex? (Prop Specific)
Traders are ONLY allowed to do the following on Challenge and Funded Accounts:
- Funded Forex account as a master account copying trades outside of Funded Forex.
- Funded Forex account as a slave account receving trades outside of Funded Forex from an account that is owned by the same individual (proof of ownership may be requested).
- Funded Forex accounts of the same user/KYC as long as they don’t exceed $200,000 under the same strategy/tradea idea.
*You are NOT allowed to integrate or add to your copy trading pool any account that you won or obtained freely by participating on a giveaway.
In addition, the following activities are also prohibited:
- If a significant percentage of a user’s trades closely resemble those of one or more other traders in terms of various parameters such as opening price, closing price, lot size, symbols, etc., Funded Forex employs an automated flagging system to detect such similarities.
When a trader's account is flagged, it undergoes a manual review process. Should this issue be confirmed, Funded Forex retains the right to terminate all associated accounts.
While traders are permitted to use the same Expert Advisor as others, it's crucial for each trader to ensure that their trading parameters are unique to their trading style and account. If traders use the same expert advisor and their trading parameters closely mirror those of others, it will be considered as copy trading.
Funded Forex strictly prohibits copy trading, account management, and "pass your challenge" services. Traders are expected to trade independently.
If traders do not comply with any of these rules, they may receive a formal warning or immediate termination from the Funded Forex platform, depending on the severity of the case.
We consider copy trading when a user has similar trades with another user
Related Articles
What are the Restricted/Prohibited trading strategies at Funded Forex?
Funded Forex maintains a zero-tolerance policy against any form of cheating or exploitation of the platform, as outlined in our Terms of Service (TOS) agreed upon during registration. Traders are strongly encouraged to carefully review our Terms of ...How does the consistency rule work in Funded Forex? (Prop Specific)
Our consistency rule is very simple, one trading day must not exceed more than 50% of the whole payout. If you are requesting a $10,000 payout, one trading day must not be worth more than $5,000. This trading day can be formed of 1 trade or multiple ...How are trading days calculated? (Prop Specific)
Trading days are taken in consideration only the days where a trade was opened, lasted for at least 30 seconds and the lot size is relevant/similar to the rest of trading days. If it’s pretty obvious that you opened a 0.01 lot that lasted 31 seconds ...Is news trading allowed? (Prop Specific)
News trading is only allowed if you acquire the News Trading add-on. Pricing of the add-on can be verified at check-out when buying you challenge. Pricing for the add-on depends on the type of challenge and the initial balance of the account. In case ...Do I have to follow daily loss and overall loss rules?
Traders must stick to the daily loss limit and overall loss limit rule when trading with any of our Funded Forex accounts. The daily loss limit puts a cap on the maximum losses (realized or unrealized) allowed in a single day, while the overall loss ...