.jpg)
FOREXer Challenge
After signing up, you will need to choose your starting capital and pay the associated fee to begin the Challenge. If you complete the entire registration process within 10 days of initial registration, this fee will be returned to you as a bonus. You can dive straight into the Challenge or, if you prefer, start with our Free Trial. Remember, your performance in the Free Trial or any external trading history does not impact your eligibility for a Real Account. Our Evaluation Process is specifically designed to assess your trading skills and qualify you for access to the Prop Trading Account.
Once you have successfully passed all the Trading Objectives in your Challenge, you will receive a notification confirming your achievement. At this point, you no longer need to trade the account, as your Trading Objectives have been marked as passed. We will automatically receive an alert of your successful Challenge completion and proceed to evaluate your trading results.
Within approximately 1-2 business days, you can expect to receive the new account login credentials for the Evaluation stage.
Within approximately 1-2 business days, you can expect to receive the new account login credentials for the Evaluation stage.
FOREXer Evaluation
Traders must meet or exceed profit targets without surpassing loss limits at any stage and adhere to at least 5 of the specified criteria.
The ML/AW ratio should be less than 1, indicating that the average win should be larger than the maximum loss, promoting favorable risk-reward balance.
The Profit Factor, which must be greater than 2, is a measure of profitability. It indicates that the total profits are at least twice the total losses.
The WD/LD ratio should be greater than 1, signifying that there are more winning days than losing days, reflecting consistent trading success.
Yes, traders should make fewer than 15 trades per month and fewer than 3 trades per week. This constraint helps to ensure that trades are well thought out and strategically placed.
Trades must align with market trends to increase the likelihood of profitability. Understanding and following market trends is crucial.
Focusing on no more than 3 symbols helps traders specialize and become more proficient in those markets, leading to better analysis and decision-making.
Trading on no more than 2 specific days a week encourages discipline and prevents overtrading, which can often lead to unnecessary losses.
Over 75% of trades should be profitable. This high percentage ensures that the trader is consistently making successful trades.
Traders should aim to have less than 2 loss trades per day. Limiting daily losses helps in maintaining overall profitability and discipline.
These criteria are designed to ensure that traders develop the skills and discipline needed to be successful in prop trading, in line with the high standards upheld by the best proprietary trading firms.
It marks a significant milestone in trading proficiency and discipline, indicating that the trader has evolved into a proficient prop trader capable of sustained success.
Traders can advance to the next stage if they meet or exceed the profit targets without exceeding loss limits and adhere to at least 5 of the specified criteria. This flexible yet rigorous approach ensures that traders are well-rounded and disciplined.
Adherence to these criteria ensures that traders develop the necessary skills, discipline, and strategic approach required for successful prop trading, aligning their performance with the best practices in the industry.
FOREXer Real Account
You will trade with the same amount of money as you did during your Challenge. For instance, if you traded with $200,000 in the Challenge, your Prop Account will also be $200,000.
Please note that these are simulated accounts with virtual funds. Upon becoming a FOREXer, you'll receive access to one of these simulated accounts and can retain up to 90% of the profits generated.
If you wish to trade with a larger amount, you can undertake another Challenge. Each Challenge must be started from the beginning, even if you've previously passed one. The maximum total amount across all your accounts is $400,000. For example, you could have two accounts with $200,000 each or four accounts with $100,000 each. However, do not sign up for multiple accounts simultaneously. If we detect that you're using the same trading strategies across accounts exceeding $400,000 in total, those accounts may be suspended.
Moreover, if you consistently generate profits on your account, we may provide additional funds for you to trade with under our Scaling Plan.
Please note that these are simulated accounts with virtual funds. Upon becoming a FOREXer, you'll receive access to one of these simulated accounts and can retain up to 90% of the profits generated.
If you wish to trade with a larger amount, you can undertake another Challenge. Each Challenge must be started from the beginning, even if you've previously passed one. The maximum total amount across all your accounts is $400,000. For example, you could have two accounts with $200,000 each or four accounts with $100,000 each. However, do not sign up for multiple accounts simultaneously. If we detect that you're using the same trading strategies across accounts exceeding $400,000 in total, those accounts may be suspended.
Moreover, if you consistently generate profits on your account, we may provide additional funds for you to trade with under our Scaling Plan.
Your trading style is entirely your choice. As long as your trading is legitimate, aligns with proper risk management, conforms to real market conditions, and avoids prohibited practices, we impose no restrictions on your strategy. This includes discretionary trading, algorithmic trading, or the use of Expert Advisors (EAs). It’s important to ensure that your trading style is replicable on live accounts to achieve the same results as on your FOREXer Account. While using a Stop-loss is generally advisable for safety, it is not mandatory. The maximum order volume for Forex is 50 lots. You can trade all instruments available on your platform, including Forex, Indices, Commodities, Stocks, and Cryptocurrencies. If your system is profitable and adheres to the rules, we are pleased to see you succeed.
When using trading robots (Expert Advisors – EAs), be aware that third-party EAs might be used by multiple traders, potentially leading to identical strategies. This could result in exceeding the maximum capital allocation rule, which might disqualify you from a FOREXer Account.
Avoid practices that deviate from serious trading. If we detect intentional or repetitive prohibited activities across multiple accounts, we reserve the right to take actions such as removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account and ending our cooperation. Also if our evaluation team concludes that the trader does not have a clear strategy, the evaluation phase can be repeated multiple times at no additional cost.. Trade with genuine intentions, demonstrating your market edge and consistency.
When using trading robots (Expert Advisors – EAs), be aware that third-party EAs might be used by multiple traders, potentially leading to identical strategies. This could result in exceeding the maximum capital allocation rule, which might disqualify you from a FOREXer Account.
Avoid practices that deviate from serious trading. If we detect intentional or repetitive prohibited activities across multiple accounts, we reserve the right to take actions such as removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account and ending our cooperation. Also if our evaluation team concludes that the trader does not have a clear strategy, the evaluation phase can be repeated multiple times at no additional cost.. Trade with genuine intentions, demonstrating your market edge and consistency.
During the FOREXer Challenge, you are free to trade during all news releases.
Once you complete the Callenge and entered the Evaluation Process, you need to be cautious when trading during news releases.
For FOREXers, there are specific trading restrictions around certain news announcements. Traders in the Evaluation Process or with a FOREXer Account are not permitted to initiate or close trades on specified instruments within 2 minutes before and after the release of certain news events, as outlined in our trade restriction table. This includes placing or removing pending orders (such as stop loss or take profit) or executing market trades. However, you can hold trades on these instruments if they were initiated more than 2 minutes before the news event. Note that if your Stop Loss or Take Profit is triggered within this 2-minute window, it could be considered a breach of the FOREXer Account Agreement.
Instruments not listed in the restriction table can be traded as usual. For instance, you can trade EURGBP or AUDNZD during the US NFP release, but you should not open or close USDJPY or GBPUSD trades within the 2-minute window around the NFP release. These restrictions do not apply to FOREXer Challenge.
For news affecting USD, restrictions apply to Forex pairs involving USD and indices like US30.cash, US100.cash, US500.cash, and US2000.cash.
Once you complete the Callenge and entered the Evaluation Process, you need to be cautious when trading during news releases.
For FOREXers, there are specific trading restrictions around certain news announcements. Traders in the Evaluation Process or with a FOREXer Account are not permitted to initiate or close trades on specified instruments within 2 minutes before and after the release of certain news events, as outlined in our trade restriction table. This includes placing or removing pending orders (such as stop loss or take profit) or executing market trades. However, you can hold trades on these instruments if they were initiated more than 2 minutes before the news event. Note that if your Stop Loss or Take Profit is triggered within this 2-minute window, it could be considered a breach of the FOREXer Account Agreement.
| Affected Instrument | Macroeconomic Announcement |
| USD (related to forex + US indices + US30.cash/US100.cash/US500.cash/US2000.cash) |
|
| EUR (related to forex only) |
|
| GBP (related to forex only) |
|
| CAD (related to forex only) |
|
| AUD (related to forex only) |
|
| NZD (related to forex only) |
|
| CHF (related to forex only) |
|
| Other Instruments | Announcement |
| Crude Oil (UKOIL.cash, USOIL.cash) |
|
Instruments not listed in the restriction table can be traded as usual. For instance, you can trade EURGBP or AUDNZD during the US NFP release, but you should not open or close USDJPY or GBPUSD trades within the 2-minute window around the NFP release. These restrictions do not apply to FOREXer Challenge.
For news affecting USD, restrictions apply to Forex pairs involving USD and indices like US30.cash, US100.cash, US500.cash, and US2000.cash.
In the Challenge phase, you're allowed to keep your investments overnight and even over weekends. But in the Evaluation phase and once you're a prop trader with a real account, you need to sell your investments just before the weekend or if the market is closed for more than 2 hours. It's important to stick to market timings, which can vary for different types of investments. In MetaTrader, press Ctrl+M to open the Market Watch, then right-click on your desired instrument and select 'Specification.' In the dialogue window, scroll down to find the 'Trade' hours for the instrument. These hours represent the standard market times for most days, unless otherwise indicated in the Trading Updates.
To request a payout, ensure you have earned a profit of at least 10% of your trading balance. You can initiate a payout request at any time, which will be processed 14 days after your request. Additionally, you can choose any day of the month as your Profit Split Day and adjust it up to three times to suit your preference.
The Scaling Plan rewards consistent trading success by increasing your account balance by 25% and improving your payout ratio to 90:10 once you meet its conditions. This plan enhances your growth potential and maximizes your profits in our prop trading environment.
Yes, you can select your Profit Split Day, which is the day of the month you prefer to receive your payout. You have the flexibility to change this day up to three times to ensure it aligns with your financial planning.
Phases Quick Comparison
| FOREXer Real Challenge | FOREXer Verification | FOREXer (Trader) | |
| Trading Period | Unlimited | Unlimited | Unlimited |
| Max. Daily Loss | 5% based on the balance | 5% based on equity | 5% based on equity |
| Max. Account Loss | 10% based on the balance | 10% based on equity | 10% based on equity |
| Profit Target | 10 | 10 | min of 10 |
| Weekend Hold | Yes | No | No |
| News Trading | Yes | No | No |
| Leverage | 1:100 | 1:100 | 1:100 |
| Maintenance Trading | No | No | No |
{{ message_need_to_login }}
{{count_of_comments}}
{{language.more_label}}