The Two-Phase Challenge at FPFX assesses your trading abilities in a real market environment, adhering to the following primary guidelines:
Phase 1 Profit Objective: Attain an 10% profit while complying with the established trading regulations.
Phase 2 Profit Objective: Secure a 5% profit subsequent to successfully completing Phase 1.
No Time Constraints: Engage in trading at your convenience without any imposed deadlines.
Maximum Daily Loss: A maximum loss of 5% of your account's initial balance is permitted in a single day, applicable to both open and closed positions.
Maximum Total Loss: The cumulative loss limit is set at 10% of your account balance throughout the duration of the challenge.
Minimum Trading Days: You are required to execute at least one trade on 5 separate days. These days need not be consecutive, and you may trade as frequently as desired.
Payout Rule
First Payout: Available after 21 days from the start of the funded account.
Subsequent Payouts: Every 14 days (bi-weekly) thereafter.
Profit Distribution: You can earn up to 80% or 90% of the profits generated.
Leverage of 1:100: Utilize market opportunities with prudent risk management strategies.
Trading During News Events and Weekends: Trading during news releases and maintaining positions over the weekend is permitted, provided that appropriate precautions are taken.
