Trading Rules

Regulations and Conduct in Trading

There are two types of FinxProp Evaluation challenges: Quick and Classic. In order to qualify as a funded trader, both of these requirements must be met. Passing the evaluation challenges requires a dynamic trading system and a robust risk management profile. As soon as you achieve your profit target, our Risk Team will review your entire evaluation period manually, concluding within 3-5 working days.
Any violation of these rules will result in immediate closure of all positions on the broker's platform, termination of the Customer's Account, and forfeiture of the right to payout.

Classic Evaluation:

The initial phase of the program involves evaluating your trading skills and encouraging you to establish your identity as a trader. You must achieve a profit target of 8% without violating any other rules during Phase 1. Within two hours of completing Phase 2, you will receive your Phase 2 account.

Second phase

The daily loss limit is 5%Traders have a safety net called the Maximum Daily Loss, which caps how much they can lose each day. A 5% limit is set based on the higher value between equity and balance (whichever is higher). A trader's total losses for the day, including both open and closed positions, should not exceed 5%. Every day at 22:00 BST, the clock is reset.

There is a 10% maximum loss limit

The Maximum Loss Limit ensures that the equity or balance stays above a certain level. The regulation is set at 10% of the initial account size. If a trader has a $100,000 account with a 10% Maximum Loss Limit, the equity or balance must never drop below $90,000.

Quick Evaluation:

Loss limit per day: 4%

4% is set as the daily simulated drawdown.

Loss limit: 6% (Trailing)

At all times, your maximum simulated drawdown is 6% trailing from your highest simulated balance or equity.

A cap on simulated drawdowns at the starting balance is imposed as follows:

Example:

Let's say you start with a $100,000 demo account. There is a $96,000 daily simulated drawdown level, and a $94,000 maximum trailing simulated drawdown level. Your trailing simulated drawdown will now lock at $100,000 if you achieve a simulated profit of $8,000, which exceeds 6% of the starting simulated balance. The subsequent simulated balances will no longer be tracked. Simulated drawdown includes profits, losses, swap fees, and commissions associated with closed positions.

Second example:

Consider starting with a $100,000 demo account, a daily simulated drawdown level of $96,000, and a maximum trailing simulated drawdown of $94,000. The new daily simulated drawdown level for the next day becomes $100,800 if you realize a simulated profit of $5,000, elevating your demo account balance to $105,000 (computed as $105,000 - 4%). Since the highest recorded simulated balance is $105,000, the maximum trailing drawdown will be $98,700 (computed as $105,000 - 6%).

To reset simulated daily drawdowns and maximum simulated trailing drawdowns, follow these steps:

Steps in the evaluation process

A fully funded trader

Strategy for trading

Traders' instruments

Information about account access

Payouts and profit distribution

Following the initiation of the first trade on the funded account, traders can request a payout every fourteen days. There will be an 80% profit split on earned profits.

Payouts on demand + 90% profit split:

In our firm, Pro trader qualify for On-Demand payouts, with a 90% profit split.

All together - Scaling up Master Traders' Scaling Plan

First level:

Level 1 

traders qualify for a 20% scale-up in their trading capital after successfully completing this stage -- marked by four payouts and 10% profit.

Classic funding process

There was an increase of 11% in the maximum drawdown.

Quick funding process

The maximum drawdown has been increased to 7%. (Trailer)

Level 2

After eight successful payouts with a total profit of 20%, you will experience a 30% increase in your initial capital.

Classic funded accounts

The maximum drawdown has been increased to 12%.The daily drawdown increased to 6%.

Quick funding process

The maximum drawdown has been increased to 8% (Trailing)The daily drawdown has been increased to 5%

3rd Level:

Your capital allocation increases by 40% as soon as you reach Level 3 with twelve payouts and a total profit of 30%.

Classic funded accounts

-The maximum drawdown has been increased to 13%.

Quick funding accounts

-The maximum drawdown increased to 9% (Trailing)

Pro:

You become a Pro Trader after sixteen payouts with a 40% profit:

Double your initial balance.

Support and access to advanced trading tools - Research

Financial flexibility with on-demand payouts

We offer a remarkable 90% profit split, allowing you to retain a large portion of your earnings.

You can access up to $2 million in capital to enhance your trading efforts.

Customized trading conditions based on your unique trading style.

Classic funded accounts

Maximum drawdown increased to 14%.

Daily drawdown increased to 7%

Quick funding accounts

Maximum drawdown increased to 10%

Daily drawdown increased to 6%

Allocation of capital based on risk:

Traders with better risk-adjusted returns, regardless of their trading history, are allocated more capital based on their risk-adjusted performance.

Merging Accounts

No accounts can be merged.

Refunds

Inactivity

IP Address

You should align the region of your IP address(es) used for the purchase of the Evaluation, login to our Finx account , Classic Evaluation account, Quick Evaluation account, and funded trading account. Upon detecting a change in region, our Risk Team may contact you for confirmation and supporting documentation.

The IP address for a funded account is: 

Your IP address(es) used to access the funded account must remain consistent. If any changes are detected in the region, our Risk Team may contact you for confirmation and evidence, such as a plane ticket, passport stamp, or live video. We are taking this precautionary measure in order to protect you from potential third-party interference. In order to ensure transparency and prevent disruptions from our end, please notify our support team in advance if you have travel plans.

 Evaluation Stage

Classic Challenge

Quick Challenge

 Leverage

- Up to 1:100 leverage is offered on Forex.

- Up to 1:100 leverage is offered on Indices.

- Up to 1:100 leverage is offered on Metals.

- Up to 1:2 leverage is offered on currencies