What is a prop trading firm?
A prop trading firm provides virtual capital to selected traders to trade the firm’s money in financial markets. Through our broker-backed infrastructure, we create a mutually beneficial partnership aimed at finding and developing consistent traders with institutional-grade trading conditions.
What trading platforms do you offer?
We provide access to MT5, giving you professional-grade charting and execution capabilities along with Trading Central for decision support.
What instruments can I trade?
You have access to over 200 instruments across multiple asset classes, with full market access including crypto. All trading styles are welcome on our platform.
Are EAs (Expert Advisors) and copy trading allowed?
Yes EA trading is permitted during evaluation and funded accounts. You must maintain our risk management parameters while using automated strategies.
What are the trading hours?
We offer 24/7 trading access including weekends. High-impact news trading is also permitted, giving you maximum flexibility to execute your strategy.
What is considered an Active Trading Day?
An Active Trading Day is defined as a calendar day with closed trades resulting in over 0.5% of the initial balance as notional profit. You need a minimum of 4 Active Trading Days during both evaluation stages and funded trading.
What is the minimum position duration?
Open positions must be held for at least 2 minutes to be valid trades. This applies to both evaluation stages and funded trading.
What trading practices are prohibited?
The following practices are not allowed:
- Tick Scalping
- High-Frequency Trading
- Latency Arbitrage
- Account Management
- Grid Trading
- Martingale Trading
- Data Feed Manipulation
- Use of Delayed Data Feeds
- Reverse Hedging
Is the drawdown static or trailing?
The drawdown levels are calculated on a static balance based on your account’s previous day’s closing balance in MT5.
Is news trading allowed?
You may open trades more than 5 minutes prior to the news announcement, but no trades can be initiated or manually modified (inclusive of opening or closing trades or moving your stop loss or take profit) within 5 minutes before or after a high impact economic news release.
How does the two-step evaluation work?
Stage 1 (Challenge): Achieve a 10% profit target while maintaining maximum daily drawdown of 5% and total drawdown of 10%.
Stage 2 (Verification): Achieve a 5% profit target with the same drawdown limits as Stage 1.
What happens if I lose money?
After the education and evaluation fee is paid traders are not exposed to losses from their trading. Traders must stay within defined risk parameters including a 5% maximum daily drawdown and 10% maximum total drawdown. Exceeding these limits may result in a breach in their program.
What happens if I breach my drawdown limits?
If your account hits the 5% maximum daily drawdown or 10% maximum total drawdown will result in a breach of your program. These limits are static and apply to all account sizes and stages.
What trading practices are prohibited?
The following practices are not allowed:
– Tick Scalping
– High-Frequency Trading
– Latency Arbitrage
– Account Management
– Grid Trading
– Martingale Trading
– Data Feed Manipulation
– Use of Delayed Data Feeds
What is the leverage offered?
We provide 1:30 leverage for the trading account.
What is the inactivity period?
The maximum number of days without trading before the account is breached due to inactivity is 30 days.
What is the maximum daily drawdown?
The max daily drawdown (max DD) is 5% total across all trades and applies to challenge and funded accounts.
What is the maximum drawdown?
The maximum total drawdown is 10% for all accounts, and if you hit this level, your account will be breached.
What is a soft breach?
A soft breach is a warning for a trading violation of certain account rules, which don’t necessarily affect your long term risk management. If your account hits a soft breach level, all open positions will be automatically closed and you will receive a warning email.
How many soft breaches are allowed?
You can have up to three soft breaches in challenge accounts only one soft breach in funded accounts.
What is a breach, or a “hard breach”?
A hard breach results when you exceed the drawdown limits, and your account is breached and disabled. You can no longer trade your account.
What is the 1% maximum risk per instrument?
As you advance through the evaluation stages, to assist you with your risk management, we’ve set your maximum exposure in a single instrument to 1% in verification and funded accounts. If you exceed 1% drawdown in any one instrument, it will result in a soft breach. You can have up to 3 soft breaches, but if you exceed 1% maximum drawdown in any one instrument in a Funded account, it will result in a hard breach and your account will be disabled.
What is the Equity Shield?
The Earnex Equity Shield acts as an equity protector to protect your equity by monitoring your risk and limiting your account drawdown to 2.5%. If your open trade P&L hits a loss of 2.5%, all trades will automatically be closed resulting in a soft breach up to 3 times in a verification account and once in your funded account. You will receive a Trading Violation email, but you can continue to trade. In funded accounts, any profit share on a potential payout will be reduced by 50%. If you hit 2.5% drawdown a second time in your Funded account, you will breach your account and trading will be disabled. Read more
Is there a Gambling Rule?
Traders must maintain a disciplined, well-calculated approach and avoid excessively risky behaviours. Using excessive leverage is not allowed. Traders are expected to manage trade sizes responsibly to minimize risk and control potential losses. If the margin level drops below 150%, the account may face a soft breach. Further decline could lead to the forced liquidation of positions to meet margin requirements. Avoid placing trades predominantly in one direction without proper market analysis. Repeated high-volume trades on the same asset and direction within a short timeframe may be considered speculative and flagged as prohibited activity. Frequent, impulsive trading in a short time frame is discouraged. Focus on thoughtful, strategic trades that align with your risk management and long-term objectives.
What are the available account sizes?
We offer multiple account sizes:
- $10,000 (Fee: $70)
- $25,000 (Fee: $145)
- $50,000 (Fee: $265)
- $100,000 (Fee: $495)
How do bi-monthly payouts work?
Funded traders earn an 80% profit split on their trading profits. Payouts are processed bi-monthly with 24-hour processing time. Through our scaling program, consistently profitable traders can increase their capital allocation by 40% every 2 months, up to $2 million, while maintaining the same profit split structure.
When can I receive my first payout?
Once you complete both evaluation stages and begin funded trading, you’ll be eligible for your first payout after a minimum of 14 days of trading. Subsequent payouts can be requested bi-monthly, provided you maintain compliance with our trading rules and risk parameters.
How does the scaling program work?
Our scaling program increases your capital by 40% every 2 months when you achieve:
- 10% net profit over 2 consecutive months
- Process at least 2 payouts within this period
- Maintain compliance with risk parameters You can scale your account up to a maximum of $2 million.
FAQs
Whether you’re a seasoned trader or just starting your trading journey, our FAQ section is designed to provide you with the clarity and insights needed to make informed trading decisions.
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