Trading Rules

1. 2 Steps Challenge: Two-stage challenge and Funded account 

1. 1 Step Challenge: Single-stage challenge and Funded account 

1. Instant Challenge: Funded account 

Available:  $5,000, $8,000, $15,000, $25,000, $50,000, $100,000, $200,000, $400,000

Standard: Up to 14 days (after successful KYC)

Default leverage: 1:50

US and European stocks, Crypto, Commodities, Forex

Includes indicators, tools, stop loss and take profit options

Trading fees based on exchange and position

SWAP fee for overnight positions

Vary by financial instrument

default spreads, subject to change based on company discretion and market conditions. Additionally, the minimum and maximum amounts for specific financial regulations are specified and subject to change based on company definition, market conditions, and other variables.

IP Address matching Evaluation Stage and Funded Stage
The region of the IP address(es) used to purchase the Evaluation on https://furexcapital.com or https://platform.furexcapital.com must align with the IP region used to log in during the evaluation stage, ensuring consistency with the Funded trading account.

IP Address Funded Account
The region of the IP address(es) used to access the Funded account must remain consistent. If our Risk Team identifies a regional change, they may contact you to verify and request proof, such as a plane ticket, passport stamp, or live video from the location. This protocol is designed to protect you from unauthorized third-party access. If you plan to travel, please inform our support team in advance to avoid any disruptions on our end.

Toxic Trading is defined as reckless risk-taking, impulsive behavior, and a disregard for fundamental principles. The threat of toxic trading jeopardizes not only individual trader accounts but also the stability of proprietary trading firms. We will shed light on toxic trading, defining its various manifestations and underscoring the imperative for vigilance and responsibility in the pursuit of profitable trading strategies.

Toxic trading encompasses a variety of behaviors and practices, with some common characteristics including the following:
​
​Excessive Risk-Taking (Over-Leveraging)​

Participating in trades with disproportionately high levels of risk in relation to the trader’s capital or risk tolerance. This often involves utilizing excessive leverage causing overexposure or full margin, which can magnify both gains and losses.

​Gambling Behavior​

Trading is driven by emotions rather than rational analysis, similar to gambling. Traders may pursue losses, make impulsive trades, or display addictive tendencies, leading to negative trading outcomes. Your biggest loss should not exceed 3% of the account size on the Master accounts only. Splitting up a trade into multiple positions will be counted as one single trade on any of our accounts.

​Overtrading​

Continuously entering and exiting trades without a clear strategy or rationale, resulting in diminished profitability and emotional exhaustion.

​High-Frequency Trading (HFT) & Tick Scalping​

Engaging in excessive and rapid trading activities indicative of higher volatility, which may result in significant losses.

​Arbitrage​

All forms of arbitrage are considered toxic due to the lack of a clear underlying idea, strategy, or rationale. Below are two common arbitrage strategies:

Hedge Arbitrage: Simultaneously entering opposing positions with different firms.
Latency Arbitrage: Exploiting disparities in trade execution times across various trading platforms or venues. Traders using this strategy seek to profit from minor price differences resulting from delays in order processing or data feed.

​Poor Money Management​

Traders who frequently encounter margin calls due to inadequate funds or risky positions may indicate a lack of risk management, posing a threat to their accounts and potentially the firm’s stability.

​Behavioral Patterns​

Inconsistent behaviors, such as trading during non-liquid market hours to exploit liquidity shortages, consistently disregarding risk management principles, or making emotional decisions

​Reverse Trading​

Signs and behavior, which includes risking the full daily loss on one trade, which often indicates reverse trading between different firms.

Traders suspected of engaging in such behaviors may be subjected to various restrictions including but not limited to reducing leverage, limiting the number of trades per day, lot size limit per day, lower daily/max loss limiting the risk per trade, imposing a maximum 1% risk limit rule or even being banned from the firm. Our goal as an Evaluation firm is to assist you becoming a better trader and risk manager, while also benefiting from the trading flow you provide. This evaluation aims to gather the best trading data possible, enabling us to monetize our data more efficiently, enhancing our stability, and strengthening the industry as a whole.

You must maintain a 15% consistency score in order to request a reward on your Funded account. This means that your biggest winning day can’t exceed 15% of your total profits. You can continue trading until you meet the 15% consistency score.

Consistency Score Formula:

(Biggest Winning Day / Current Total Account Profit) × 100%

Example: $10,000 Account Size
Day 1: $518 Profit
Day 2: $497 Profit
Day 3: $508 Profit
Day 4: $459 Profit
Day 5: $492 Profit
Day 6: $520 Profit (Biggest Winning Day)
Day 7: $506 Profit

Add up all the days (including losses) to get your Current Total Account Profit.
Current Total Account Profit: $3,500 ($518+$497+$508+$459+$492+$520+$506).

The maximum profit you can earn in one day is 15% of your total profit.
In this example, the Maximum Allowable Profit is: $3,500 × 0.15 = $525

Consistency score: (Biggest Winning Day / Current Total Account Profit) × 100%
Add the values to solve the consistency score: ($520 / $3,500) * 100% = 14.86%

A 14.86% score means you successfully adhered to the 15% consistency rule.

The Daily Loss Limit is the amount you are allowed to lose in a single day. This rule uses the higher value between equity and balance. Violating this rule is a hard breach and will lead to the closure of your account.
Daily Loss Limit: 3% (of the higher value between your starting equity or balance)

Example 1: Higher Equity
With a $105k balance and a $107k equity, your equity cannot fall below $103,790 that day.

Example 2: Higher Balance
With a $100k balance and a $99k equity, your equity cannot fall below $97,000 that day.

The equity for the day (floating profit/loss plus closed positions) must not hit the Daily Loss limit.
Resets daily at 05:30 UTC/server time.

The Maximum Trailing Loss Limit is the amount your equity or balance can’t go below. This is set to 5% of the highest equity recorded and will be locked in at the initial balance once the equity is in 5% profit.

This rule incorporates a trailing mechanism based on equity, which means that the limit will trail and adjust to the highest equity level reached by the account until a 5% profit is reached. Violating this rule is a hard breach and will lead to the closure of your account.
Maximum Trailing Loss Limit: 5% (Equity Based)

Example:
If your account reaches a maximum equity level of $102,000 and the Maximum Trailing Loss Limit is 5%, your equity or balance can’t fall below $97,000 at any point.

IMPORTANT: The Maximum Trailing Loss Limit does not reset after a reward.

The 1% Maximum Risk Limit means your floating profit and loss (PnL) must not exceed -1% of the account size. If your floating PnL drops below -1%, your account will be breached. Violating this rule is a hard breach and will lead to the closure of your account.
Maximum Risk Limit: 1% (of your current account size)

Example:

If your initial account size of $100,000, your floating profit and loss (PnL) can’t drop below $99,000. The Maximum Risk Limit is $1,000, which is 1% of $100,000.

If your account size grows to $120,000, your floating profit and loss (PnL) can’t drop below $118,800. The Maximum Risk Limit is $1,200, which is 1% of $120,000

You are required to have a minimum of 7 profitable days by the end of each 30-day period. The first 30-day period begins on the day of your first trade. A profitable day will only be counted if the profit for that day is at least 0.25% of the account balance.

The 30-day period resets either at the end of each cycle or after a reward is processed. Failure to meet this requirement by the end of any 30-day period will result in a rule violation.

A trading account will be suspended if it remains inactive for 30 consecutive days. To keep the account active, you must open and close at least one trade within this period. If no trades are completed during the 30-day window, the account will be automatically suspended.

Holding trades during high-impact news events or over the weekend is NOT ALLOWED on the Funded account. Violating these restrictions will result in an account breach.
A position cannot be held or opened 10 minutes before and 10 minutes after a high-impact news event on the affected currency.
During speeches, the restricted window extends from 10 minutes before the speech begins until 10 minutes after the speech concludes.
Holding a position over the weekend is also prohibited. Ensure all trades are closed before the market closes on Friday.

IMPORTANT:
Opening a trade during this window on affected currencies will lead to account termination
Our news calendar highlights all high-impact news events in red, but speeches may not always be marked in red. We use Forex Factory as the official source for our news calendar.

The minimum reward amount is 1% of the initial balance, including our split. Transfers are subject to exchange rates and transaction fees.

Reward Cycle

Bi-Weekly Reward (80% Reward Split)
You can request a reward with a 80% reward split every 14 calendar days after the first executed trade on your Funded account, provided you meet the following criteria:

15% Consistency Score: A 15% consistency score must be achieved, meaning no single trading day should account for more than 15% of the total profit.

4% Safety Cushion: The first 4% profit generated on the Funded account cannot be requested as a reward. It serves as a safety cushion to help prevent your account from reaching the 4% daily loss limit due to requesting a reward.

Biggest Loss Cannot Exceed Biggest Win: Your biggest loss on the account must not exceed your biggest win. Keep trading until your biggest loss no longer exceeds your biggest win.

1. Collaboration with other clients

2. Use of automated tools

3. Selling or transferring accounts

4. Inconsistent trading

5. Abnormally sized positions

6. Bypassing technical restrictions

7. System breaches

8. Software modifications

9. Intentional disconnections

10. Multiple IP addresses

11. Use of harmful tools

12. Multiple accounts

13. Influencing underlying assets

14. Manipulations

15. Exploiting bugs

16. Terms of service violations

17. Causing damage

18. Bad faith actions

Results checking and compliance

Possible request for additional documents

Determination of trading account conditions

Furex Capital does not provide investment advice. We are not responsible for illegal use of services.