1-Step Evaluation Account
1. Agreement to Terms
1.1 By enrolling in The Funded Fx Trader Program (hereinafter referred to as "Scaling Plans " or "The Funded Fx"), you, the participant, explicitly acknowledge and agree to be bound by all the terms, conditions, rules, and provisions outlined within these Terms and Conditions (hereinafter referred to as "Terms"). Your participation in the Program serves as a confirmation of your full understanding and acceptance of these Terms and all related rules, policies, and procedures. Furthermore, your engagement with the Program signifies that you have read, comprehended, and agreed to abide by the Terms provided herein, without any reservations. (For additional details on your agreement and the conditions that govern your participation, see Clause 2.1).
2. Eligibility Requirements
2.1 The Program is available exclusively to individuals who have attained the age of majority as specified by the laws of their respective jurisdictions and have the requisite legal capacity to enter into this binding agreement. In other words, participants must be of legal age and be competent to understand and agree to the Terms of the Program.
2.2 The Funded Fx reserves the absolute right to assess and evaluate your trading performance throughout the evaluation phase. Based on the outcome of this evaluation, decisions regarding eligibility for funding and further participation in the Program will be made at the sole discretion of The Funded Fx. These decisions will be final and binding. (See Clause 3.1 for more details on the evaluation process and the conditions necessary for receiving funding).
3. Evaluation and Trading Days Requirement
3.1 To advance to the fully funded trading account, participants must complete the evaluation phase, which consists of reaching a 10% profit target within the demo account. Specifically, the demo account will be initialized with a balance of $100,000, and the target profit required for success in this phase is $10,000. It is necessary for participants to successfully meet this target profit in the given timeframe before they are eligible to proceed to the funded account.
3.2 In addition to achieving the profit target, participants must engage in a minimum of 10 days of active trading. Only after the successful completion of this requirement will the trader be granted access to a real account under the Program. These 10 trading days are a mandatory condition, ensuring that the trader has demonstrated adequate competency and consistency in real-world trading conditions. (For further details on the evaluation requirements, see Clause 6.1).
4. Fund Deposit and Withdrawal Conditions
4.1 The Funded Fx will deposit monthly funds into your live trading account between the 1st and 5th day of each calendar month. These deposits will reflect the predetermined fund size agreed upon, based on the terms of the Program.
4.2 Withdrawals of the profits earned through trading are permitted at any stage of the Program, upon the successful achievement of the relevant profit targets. Once profit targets are met, withdrawals will be processed within 5 to 7 business days, after which the credited amount will be transferred into the participant’s specified account.
4.3 Withdrawals are subject to the terms and conditions outlined in Clause 7.3, and any failure to meet these conditions may result in delays or the inability to complete the withdrawal process.
5. Account Volume and Position Holding Limits
5.1 The maximum allowable trade volume varies according to the account size, and the permissible volume sizes are defined in the following table:
- Account Balance: $2,000 -> Maximum Volume: 0.01 lots
- Account Balance: $5,000 -> Maximum Volume: 0.02 lots
- Account Balance: $10,000 -> Maximum Volume: 0.03 lots
- Account Balance: $25,000 -> Maximum Volume: 0.05 lots
- Account Balance: $50,000 -> Maximum Volume: 0.10 lots
- Account Balance: $100,000 -> Maximum Volume: 0.25 lots
- Account Balance: $200,000 -> Maximum Volume: 0.50 lots
5.2 In addition to the volume limits, participants are restricted to holding no more than 10 live positions open at any given time. However, for Nano accounts, the limit is reduced to a maximum of 5 live positions at any one time. This is done to maintain adequate risk management practices and to prevent excessive exposure to market fluctuations. (See Clause 6.2 for further clarification on position size and trading limits).
6. Profit Sharing Terms
6.1 Profit sharing is calculated solely based on the target profit achieved within each phase, not on the total earnings accumulated in the account. The target profit is the benchmark that determines the profit share entitlement.
6.2 The profit-sharing percentages increase as participants progress through the stages of the Program. Upon the successful completion of the initial evaluation phase, participants are entitled to a fixed profit share, which increases progressively in subsequent stages.
6.3 Stage Breakdown for Profit Share:
- Stage 1: 60% profit share
- Stage 2: 70% profit share
- Stage 3: 80% profit share
- Stage 4: 90% profit share
- Stage 5: 90% profit share for a lifetime (Upon final boost and qualifying conditions). (For further details, see Clause 7.1 for specific profit-sharing terms per stage).
7. Scaling Plan and Stage Progression
7.1 Evaluation Phase:
- Starting Account Balance: $100,000 (Example)
- Target Profit for Evaluation: $10,000
- Profit Share on Completion of Target: 60%
7.2 Stage 1: Upon the successful achievement of the target profit in the evaluation phase, participants will be granted access to Stage 1, with a 60% profit share on the target amount. The account balance remains at $100,000 for this stage.
7.3 Stage 2: After completing Stage 1, the account balance will receive a 50% boost, bringing the total balance to $150,000. At this stage, the profit share will increase to 70%, with a corresponding increase in the target profit to $15,000.
7.4 Stage 3: Upon successful completion of Stage 2, the account will receive another 50% boost, raising the total balance to $225,000. The profit share will further increase to 80%, with the new target profit becoming $22,500.
7.5 Stage 4: Completing Stage 3 will result in the account being boosted by 50%, bringing the account balance to $337,500. The profit share increases again to 90%, with the target profit now being $33,750.
7.6 Stage 5: The final stage will result in a 100% boost, raising the account balance to $675,000, with a lifetime profit share of 90%. The target profit at this stage is set at $33,750. Participants can then withdraw from the account at any time. (For further details on the stages and the conditions required for each, see Clause 8.1).
8. Account Closure and Restart Policy
8.1 If you fail to meet the profit target in any given phase, your account will be closed, and no further participation in that phase will be permitted. In such cases, the participant must purchase a new subscription in order to restart the evaluation process from the beginning.
8.2 After profit withdrawals, your trading account will be reset, and no further trades can be opened in the live account until a new account setup is initiated.
8.3 The resetting of your account is a necessary step following any withdrawal to maintain the integrity of the trading process. (See Clause 9.1 for more information on account reset terms).
9. Subscription Fee Refund and Conditions
9.1 Subscription fees are considered non-refundable once the service has commenced, including instances where trading has begun or when the evaluation phase is not completed successfully. This is a condition of the Program, which ensures that services are provided efficiently and that the Program's operations are maintained smoothly.
9.2 If you successfully complete the evaluation phase and achieve the required profit target, your subscription fee will be refunded entirely. This refund will be processed upon your first withdrawal request, and the amount will be credited to your specified account. (See Clause 7.1 for further details on the refund process and eligibility conditions).
10. Risk Management
10.1 Trading in financial markets, including the Forex market, inherently involves risks. You must adopt prudent risk management techniques to mitigate potential losses. The Funded Fx strongly recommends that participants do not trade beyond their risk tolerance levels.
10.2 The Funded Fx will not be held liable for any financial losses incurred during the course of your trading activities, and it is the sole responsibility of the participant to exercise caution, implement risk management practices, and take responsibility for their actions while trading. (See Clause 10.3 for risk mitigation recommendations).
10.3 Participants are encouraged to use tools such as stop-loss orders, proper position sizing, and diversification of trades to manage risk effectively. Additionally, regularly reviewing trading strategies and performance can help to minimize potential drawdowns and protect the capital. The Funded Fx recommends that traders limit their maximum daily loss to a specific percentage of their account balance to prevent large, uncontrolled losses.
11. Trader Conduct and Violations
11.1 Participants in the Program are required to adhere to high standards of ethical conduct while trading. The use of fraudulent or manipulative practices is strictly prohibited and will lead to immediate expulsion from the Program. Such conduct includes, but is not limited to, engaging in market manipulation, exploiting system errors, or employing unauthorized trading strategies.
11.2 Failure to engage in trading activity within the demo account for a continuous period exceeding 60 days will result in the automatic termination of your subscription and closure of your account. (For further information on violations and conduct policies, see Clause 9.1).
12. Program Modifications and Termination
12.1 The Funded Fx reserves the right to modify, suspend, or terminate the Program at its sole discretion, at any time, without prior notice to participants. Such changes, if any, will be communicated through official channels, such as email or the official website.
12.2 Any modifications made to the terms of the Program will be binding on all participants once communicated. It is the responsibility of the participant to stay updated with any changes. (See Clause 10.1 for more details on program modifications).
Instant Funded Account Terms and Conditions
13. Agreement to Terms
13.1 By choosing to participate in the Special Direct Funded FX Account program, you agree to comply with all the terms and conditions outlined in this agreement and accept the full scope of the responsibilities and obligations as set forth by The Funded Fx.
14. No Hedging or Cross-Hedging
14.1 Participants are strictly prohibited from engaging in hedging strategies, which involves simultaneously opening opposite positions on the same financial instrument. Additionally, cross-hedging between different funded accounts is also prohibited under the terms of this program. Engaging in these strategies may result in immediate suspension or termination of the account. (See Clause 15.1 for further restrictions on trading strategies).
15. Scalping and Position Duration
15.1 While scalping is allowed, each open position must remain open for a minimum duration of 5 minutes. This is to ensure that traders are engaging in trades that reflect proper market movements and not exploiting short-term market fluctuations. (See Clause 16.1 for more details on position duration).
16. Leverage
16.1 The leverage available for the Special Direct Funded FX Accounts is set at 1:80, which means participants may control a larger position size than their account balance would otherwise permit. This leverage comes with a higher degree of risk, and traders are expected to apply appropriate risk management techniques. (See Clause 17.1 for more on leverage terms).
17. Profit Sharing and Subscription Fee Refund
17.1 Profit sharing will vary depending on the target profit chosen by the participant. The following profit-sharing models apply to the Special Direct Funded FX Account:
- 10% Target Profit -> 60% Profit Share
- 20% Target Profit -> 70% Profit Share
- 30% Target Profit -> 80% Profit Share
- 40% Target Profit and above -> 90% Profit Share
17.2 Upon the successful completion of Phase 1 within 30 days, your subscription fee will be refunded, and you will become eligible to participate in further stages. (For more information on profit-sharing and refund conditions, see Clause 18.1).
18. Phase Completion and Profit Withdrawal
18.1 Each phase is time-bound with a 30-day duration. The participant must meet the required target within the specified time frame to proceed to the next phase. Profit withdrawals are permitted following the successful completion of Phase 2.
18.2 Withdrawals are allowed at any stage of the program, but the withdrawal amount will be subject to the profit-sharing model selected by the participant. (See Clause 19.1 for details on withdrawal policies).
19. Trading Restrictions
19.1 Trading during high-impact economic news events is strictly prohibited. News trading often results in volatile market movements, and such activities are considered a violation of the Program's terms. (See Clause 20.1 for more information on prohibited trading during news events).
20. Account Monitoring & Violations
20.1 The Funded Fx reserves the right to monitor all trading activity on Special Direct Funded FX Accounts. Any violation of the Program’s terms, including the use of prohibited strategies or manipulation, will result in immediate suspension or termination of the account. (For further details on monitoring policies, see Clause 21.1).
21. Program Modifications and Restrictions
21.1 The Funded Fx retains the right to modify, suspend, or terminate this Program at any time, at its sole discretion. Any modifications will be communicated through official channels, including email or updates on the official website. It is the participant's responsibility to regularly check for updates and ensure they stay informed about any changes. The Funded Fx will not be held liable for any inconvenience or losses arising from such changes. (See Clause 22.1 for further information on the communication process and participant responsibilities in the case of program modifications).
22. Communication of Modifications and Participant Responsibilities
22.1 When any changes to the Program occur, The Funded Fx will ensure that participants are informed through one or more official communication channels, such as email, the official website, or notifications within the participant’s account dashboard. It is the sole responsibility of the participant to ensure that they regularly check these channels to stay informed about any changes to the Program’s Terms, conditions, or policies.
22.2 Participants acknowledge that failure to review official communications from The Funded Fx does not absolve them of responsibility for abiding by any changes or updates. By continuing to use the Program’s services after such modifications have been communicated, participants accept and agree to the revised Terms. The Funded Fx will not be held liable for any misunderstandings or failure to comply with updated rules due to a participant’s failure to check for updates.