help center

Search our trading challenge rules & frequently asked questions
FAQ & Rules2024-07-08T14:38:36+00:00

Trading Rules &
frequently asked questions

At Funded Forex Challenge, transparency is paramount. We stand apart from others by offering clear, fair conditions designed to champion your trading skills, not just luck. Our goal is to foster a supportive environment where your expertise can shine through, ensuring a level playing field for all traders. We believe in your potential and are committed to helping you achieve your trading goals with integrity and skill.

Are consistent trade sizes required?2024-03-11T16:50:33+00:00

Yes, your smallest trade size must be at least 65% of your largest. Failure to adhere to this crucial consistency rule will render your challenge invalid. 

Are EA’s (Expert Advisors) allowed?2024-03-11T16:50:33+00:00

The use of EA’s is permitted. However, please note that EA’s that break our defined copy trading rules are prohibited.

Are profit targets set once a trader is on the Profit Share prop account?2024-03-11T16:50:32+00:00

Once you obtain the Profit Share prop account with FFC, you will have no profit targets or goals. You are simply required to adhere to the risk management rules.

Are there any hidden or recurring fees?2024-03-11T16:50:34+00:00

No, there are no hidden fees or monthly recurring fees. You only pay the fee for the challenge you choose.

Are there limitations on the strategies and EA’s (Expert Advisors) that I can use?2024-03-11T16:50:33+00:00

EAs (Expert Advisors) and various trading strategies are welcome on our platform, provided they adhere to our stipulated rules. It is important to emphasize that while EAs are permitted, along with a wide range of trading approaches, compliance with all our regulations is mandatory for any strategy employed.

Are there trade size limitations?2024-03-11T16:50:32+00:00

There are no trade size limits during challenge; however, you will need to ensure you meet your margin requirements.

Can I have multiple accounts?2024-03-11T16:50:34+00:00

You can have up to 3 accounts with a total value of up to $350,000, but only one account is allowed per challenge tier. For instance, if you already have a $200,000 account and want more, you can apply for an additional $100,000 and a $50,000 challenge.

Can I hold open trades overnight and over the weekend?2024-07-05T11:09:20+00:00

Yes, you can hold open trades overnight and over the weekend. However, please be aware that leverage may be adjusted during periods of increased volatility.

Additionally, holding trades over the weekend requires the purchase of the add-on.

Please note it is your responsibility to ensure that you close your trades before the weekend. Any accounts with trades left open will be closed automatically.

Can I merge two or more FFC accounts2024-03-11T16:50:32+00:00

Not currently. Each account operates autonomously and is not interconnected with others.

Can I trade Martingale Strategy?2024-03-11T16:50:32+00:00

Martingale strategies or Martingale Expert Advisors (EAs) are prohibited. We define Martingale as the act of opening a new position in the same direction when the initial position is experiencing a drawdown. If the subsequent position is initiated with an exponent surpassing 1x, we categorise this as the use of a Martingale strategy.

Do you copy trades to live funds?2024-03-11T16:50:32+00:00

Under specific circumstances, we may opt to duplicate trades to our live master account. The process and implementation of replicating trades are decided at the company’s discretion.

How can I begin my journey as a Profit Share trader?2024-03-11T16:50:33+00:00

Simply select the challenge you wish to take. When you complete it successfully, you’ll receive access to your Profit Share prop account.

How do I withdraw profits from a Profit Share account?2024-03-11T16:50:32+00:00

You can make withdrawals twice a month. Please be aware that, before initiating a withdrawal, you must close all trades on the account. Withdrawals can be executed through bank transfer, PayPal or crypto currencies. Once the withdrawals have been successfully processed, and the account equity is updated, you can resume trading.

How is the daily loss limit calculated?2024-03-11T16:50:33+00:00

The daily loss limit is determined by calculating 5% of the equity at the close of the previous day. It is shown as a %, so that the monetary amount adjusts automatically as your account rises and falls. For example, let’s assume that the equity on your account was $200,000 at the close of the previous day. 5% of $200,000 is $10,000, so your account would hit the loss limit if your equity fell to $190,000 during the current day. This calculation ensures that you can manage your risk effectively when you trade. Please note, all traders using FFC accounts must comply with the daily loss limits and maximum trailing drawdowns that were applicable at the time of purchase. Rules cannot be changed retrospectively.

If I pass the challenge, am I refunded my challenge fees?2024-03-11T16:50:34+00:00

Yes, once traders make their first profit withdrawal from their Profit Share prop account, we offer a refund of their challenge fees.

Inactivity2024-07-05T11:11:47+00:00

Kindly note that each account is subject to a 30-day inactivity limit. Should there be no activity, including logging in or trading, for an uninterrupted 30-day period, the account will be automatically archived. If you foresee not accessing the account for 30 days or more, please reach out to our team and they will assist you with the necessary steps.

Is a Profit Share prop account guaranteed upon meeting all trading objectives?2024-03-11T16:50:33+00:00

Meeting all required trading objectives within the designated time frame and adhering to the rules without any breaches ensures a successful progression to a Profit Share prop account.

Is copy trading allowed?2024-03-11T16:50:34+00:00

You are not allowed to copy trades from another FFC account or any external account. Traders found in breach of this rule and agreement term and will have their account closed. However, copying trades from your own external accounts is allowed, as long as you are not copying trades from a third-party. FFC retains the right to request proof and evidence in such instances.

Is FFC classified as a broker?2024-03-11T16:50:33+00:00

FFC operates as a proprietary trading firm rather than a broker. FFC does not require traders to deposit funds for trading purposes. FFC traders do not put their own capital at risk, are not engaged in trading their personal funds, and bear no financial responsibility for losses incurred on the virtual Profit Share accounts.

Is it mandatory to utilise Stop Loss and Take Profit orders?2024-07-05T11:17:17+00:00

It is mandatory to utilise a Stop Loss on all orders.  These are essential for managing risk and provide better control over your trading strategy and protect your challenge.

Is it possible to make payments through third parties?2024-03-11T16:50:32+00:00

Payments made through a third-party card or account are not allowed. All challenge purchases must be conducted in the name of the cardholder.

Is my account live or demo?2024-03-11T16:50:32+00:00

Accounts provided to our clients are demonstration accounts featuring virtual funds. Upon successful completion of the challenge steps, clients become eligible to receive a share of up to 90% of the profits generated on their Profit Share prop accounts. This allows FFC to proactively manage risk and removes the requirement for traders to hold licences as money managers to manage FFC funds.

Is prior experience necessary before applying?2024-03-11T16:50:33+00:00

A trader of any experience level can purchase and attempt a funding challenge.

Is the challenge conducted on a demo account?2024-03-11T16:50:33+00:00

Yes, the challenge occurs on a demo account, enabling us to assess your trading ability safely. Our challenge accounts aim to replicate live market conditions.

Is there a contractual arrangement for Profit Share traders?2024-03-11T16:50:33+00:00

Profit Share traders function as independent contractors associated with FFC. Before the Profit Share trading account allocation you must complete a service agreement.

Is there a minimum number of trading days?2024-03-11T16:50:32+00:00

A minimum of 5 trading days is required for both Step 1 and 2.

Is there a minimum withdrawal limit from the Profit Share account?2024-03-11T16:50:33+00:00

The initial withdrawal must include the challenge fee, as it is reimbursed with the first withdrawal. Subsequent withdrawals should be at least $100.

Is there a time limit for the challenge?2024-03-11T16:50:32+00:00

There is no time limit for the challenge periods in both Step 1 and Step 2.

Is trading during news events permitted?2024-03-11T16:50:33+00:00

Yes, it certainly is. You have the freedom to trade whenever our markets are open.

Is trading through high impact news allowed.2024-03-11T16:50:33+00:00

Certainly. There are no restrictions on trading during news events or high-impact news releases.

Step 1 Objectives:2024-03-11T16:50:32+00:00

No time limit.
Profit Target: 8%
Max daily loss: 5%
Max total loss: 10%

Step 2 Objectives:2024-03-11T16:50:32+00:00

No time limit.
Profit Target: 5%
Max daily loss: 5%
Max total loss: 10%

What are your spreads, commissions, and fees?2024-03-11T16:50:33+00:00

We have competitive spreads, and no trading commissions are applicable. There are no additional charges for data, and you will not incur any costs due to slippage during trade execution.

What does the 2-minute average trade duration rule entail?2024-03-11T16:50:33+00:00

We mandate that the average duration of all your trades must surpass 2 minutes. You can locate information about this rule on your dashboard under the Challenges Metrics section. To clarify, we recognise that certain trades may have a duration of less than 2 minutes, and this is acceptable. However, it is imperative that the majority of trades and the overall average duration of all trades exceed the 2-minute threshold. It is a requirement that a minimum of 50% of your profitable trades originate from transactions with a duration surpassing 2 minutes. This measure is implemented to curb tick scalping and deter high-frequency traders from attempting to manipulate our price feed, which is offered in good faith.

What happens if I break a rule on a Profit Share account?2024-03-11T16:50:32+00:00

The consequences for breaking rules depend on which rule is broken. Here are a couple of examples of outcomes:
1. Reaching a 10% total loss on the account: The Profit Share account will be closed.
2. Copy trading from a third party: The Profit Share account will be terminated and there may be a ban on services and future accounts.

What happens if I reach my targets ahead of schedule in Step 1 or 2?2024-03-11T16:50:32+00:00

During Steps 1 and 2, you must engage in trading for a minimum of 5 days, without a specific time limit. If you successfully meet these minimum trading day requirements, achieve your profit targets, and adhere to all rules, you will have the opportunity to attain your achievement.

What is a swap?2024-03-11T16:50:32+00:00

In trading, a swap refers to the interest rate differential between two currencies in a currency pair. It is also known as “rollover” or “overnight interest”. When traders hold a position overnight in the Forex (foreign exchange) market, they may either pay or receive a swap, depending on the direction of their trade and the interest rate difference between the two currencies involved.

What is equity?2024-03-11T16:50:32+00:00

Equity signifies the current value of your trading account, considering both your open positions and their unrealized profits or losses. It is determined by adding or subtracting the account balance and any floating profit or loss from active trades. The equity in your account provides an up-to-the-minute snapshot of its financial standing. In our trading environment, although simulated, it accurately mirrors live market conditions.

What is hedging and is it hedging allowed?2024-03-11T16:50:34+00:00

Hedging is when you take opposite positions on a symbol/market, on a single account or across multiple accounts. For instance, if you trade GBPUSD long and short on the same account, or long on one account and short on another account this is considered to be hedging. Hedging is not allowed as it is considered to be cheating and will result in the termination of your account.

What is leverage?2024-03-11T16:50:32+00:00

In trading, leverage refers to the ability to control a large position in the market with a relatively small amount of capital. It involves borrowing funds to increase the size of a trade beyond what would be possible with the trader’s own capital alone. Leverage is expressed as a ratio, such as 50:1 or 100:1, indicating the multiple by which the trader can amplify their position. While leverage magnifies the potential profits of your strategies, it also increases the size of losses and may impact your performance in our challenges.

What is margin?2024-03-11T16:50:32+00:00

In trading, margin refers to the amount of money or collateral that a trader needs to have in their account to open and maintain a trading position. It enables traders to control larger positions with a relatively smaller amount of capital. Margin is a key concept in leveraged trading, where traders can borrow funds to increase the size of their trades. The margin requirements established by the broker hinge on the size of your position and the applied leverage.

What is slippage, and how does it impact my account?2024-03-11T16:50:33+00:00

In trading, slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. It often occurs in fast-moving markets or when there is low liquidity. At FFC, we ensure that your trades are executed at the anticipated price, and any slippage will not affect your execution price.

What is the % split for the Profit Share prop account?2024-07-05T11:18:46+00:00

By purchasing the add-on, you can increase the profit split on the Profit Share account from 75% to 90%. This allows you to retain a larger portion of the profits you make, enhancing your earning potential.

What is the bid and ask price?2024-03-11T16:50:32+00:00

Ask price, also referred to as the “offer” or “selling” price, is the cost at which you can acquire a financial instrument (such as a currency pair or stock). It denotes the price at which the market, or your broker, is prepared to sell you the asset to you.
Bid Price is the amount for which you can sell a financial instrument to the market or your broker. It denotes the price at which the market, or your broker, is willing to buy the asset from you.
The disparity between the ask price and bid price is recognized as the “spread”. In our trading environment, while simulated, it accurately mirrors live market conditions.

What is the leverage on the account?2024-07-05T11:20:49+00:00

The standard leverage is 1:30. However, you can increase the leverage to 1:50 by purchasing the add-on. Please note that leverage may still be adjusted during periods of market volatility.

What is the maximum total loss for the account?2024-03-11T16:50:33+00:00

The maximum allowable loss is limited to 10% of the initial starting Equity. For example, in a $200,000 challenge the largest acceptable loss would be $20,000, so this rule would be breached if the account equity fell to $180,000 or less at any stage.

What is the procedure for managing taxes on my trading profits?2024-03-11T16:50:34+00:00

You are fully responsible for adhering to all tax obligations in your country or region. FFC is not involved in, or responsible for, any of your tax obligations.

What is the profit target for passing the challenge?2024-03-11T16:50:32+00:00

In Step 1, you need to achieve a total profit of 8%, whereas in Step 2, the target is 5%. These targets are determined by the initial equity in the account. For instance, if the starting equity is $100,000, the Step 1 profit target would be $8,000 (8%).

What payment options are available?2024-03-11T16:50:33+00:00

We accept payments through major credit cards, debit cards, direct wire transfers and crypto currencies.

What Trading platforms can I use?2024-07-05T11:23:38+00:00

For the Challenge, you will be using the CHART+ trading platform. CHART+ is an all-in-one platform that integrates all the tools and resources you need to succeed in your challenge.

What will be the size of account I manage as a Profit Share trader?2024-03-11T16:50:33+00:00

After successfully completing the challenge, you will be granted the same account size for your Profit Share prop account, but you will have the opportunity to earn 90% of the profits you make.

When does the challenge commence?2024-03-11T16:50:33+00:00

The challenge period begins on the day you execute your first trade.

When will I receive my challenge account?2024-03-11T16:50:34+00:00

Shortly after purchasing your challenge, you will receive an email containing your challenge account details as well as a link to our web-based platform.

Where can I access information about my trading challenge performance?2024-03-11T16:50:33+00:00

Our proprietary trading platform features a dashboard that provides a variety of analytics, including daily loss limits, equity, profit targets, and maximum loss. Additionally, our journal delves deeper, allowing you to analyse the reasons behind your winning and losing trades.

Which markets can be traded?2024-03-11T16:50:33+00:00

The markets that can be traded include FX, Indices, and Commodities.

Which trading strategies are prohibited?2024-03-11T16:50:33+00:00

Latency trading, arbitrage trading, group hedging/reverse trading, Martingale and exploiting mispricing/front running price feeds are all prohibited. Account management services are also prohibited.

Who qualifies to take a challenge with FCC?2024-03-11T16:50:33+00:00

Anyone over the age of 18 has the opportunity to take our challenges. When they successfully pass the challenge they will be eligible to receive a Profit Share prop account.

Why should I become a Profit Share prop trader?2024-03-11T16:50:33+00:00

Most traders need a larger trading account to reach their goals. Once you become a Profit Share trader with FFC you’ll have the opportunity to earn 90% of your profits on our prop account. For example, if you make 10% a month on a $2,000 personal trading account gives you a small return. In contrast, if you earn 10% a month on a $200,000 Profit Share prop account and retain 90% of that gain your profits become significant. A major benefit of using an FFC account is that you are not financially responsible for any losses; FFC takes on the risk.

Go to Top