What rules do I need to follow in the Two Steps Challenge?
Posted on 2024-11-08
Updated on 2024-12-05
The FPFX Funding Program aims to identify and cultivate traders who exhibit consistency in their trading methodologies and risk management practices.
To demonstrate your trading capabilities, you must successfully complete the program, which consists of two distinct phases. Each phase requires trading with a separate demo account provided by our organization. The essential requirements for each phase are outlined below:
Maximum Daily Loss: Your daily losses must remain within 5% of your initial account balance on any single day. Detailed information regarding the Maximum Daily Loss can be found in our Help Center.
Maximum Overall Loss: You are permitted a maximum overall drawdown of 10% from your initial account balance. This stipulates that your account balance or equity must not fall below 90% of the initial balance at any time during your trading activities.
Minimum Trading Days: The program mandates that you execute at least one trade on Five separate days. These trading days do not need to be consecutive, and there is no limit on the number of trades you may conduct, providing you with the flexibility to trade according to your preferences.
Profit Evaluation: It is essential to ensure that all your trades are closed and profits are reflected in the balance, allowing for an accurate assessment of results at the conclusion of each phase.
Adhering to all the stipulations outlined in the collaboration agreement is crucial. Please note that the accounts are personal and non-transferable, and the use of Autotrading is prohibited. By complying with these guidelines, you can effectively navigate the program and demonstrate your trading expertise.
