What rules do I need to follow in the Two Steps Challenge?
Posted on 2024-11-08
Updated on 2024-05-20
FPFX Funding Program
The FPFX Funding Program is designed to identify and support traders who demonstrate consistency, discipline, and sound risk management.
To qualify for funding, traders must successfully complete the evaluation process, which consists of two distinct phases — Phase 1 (Challenge) and Phase 2 (Verification).
Each phase is conducted on a separate demo account provided by FPFX.
Maximum Daily Loss (Equity-Based)
Your maximum daily loss must remain within 5% of your initial account Equity on any given day.
This rule is calculated on an equity basis, meaning both closed and floating losses, as well as swaps and commissions, are included.
If at any time during the day your equity decreases by more than 5% from the day’s starting Equity, it will be considered a breach.
Maximum Overall Loss (Equity-Based)
You are permitted a maximum overall drawdown of 10% from your initial account balance.
This is also equity-based, which means your account equity must not fall below 90% of your starting balance at any time, including during open trades.
Minimum Trading Days
You must execute trades on at least five (5) separate trading days during each phase of the program.
These days do not need to be consecutive, and there is no limit on the number of trades you can take each day.
This rule ensures consistent participation and fair evaluation of trading performance.
Profit Evaluation
All trades must be closed before the end of each phase to ensure that all profits are properly reflected in your account balance for final evaluation.
Compliance and Trading Conduct
The use of autotrading, trade copying, or third-party signals is strictly prohibited.
Each account is personal and non-transferable.
All trading activity must comply with FPFX’s funding agreement and established program rules.
By following these guidelines and maintaining consistency throughout both phases, traders can successfully complete the FPFX Funding Program and qualify for a live funded account.
