At FXIFY Futures, we are committed to providing traders with a structured path to success. The evaluation parameters play a vital role in guiding your trading journey, ensuring that you develop disciplined and consistent trading habits. These parameters are carefully designed to foster profitable trading while managing risk effectively. Here's an overview of the key evaluation parameters for both the Starter and Expert Programs:
Explanation of Parameters
Profit Target:
The profit target represents the specific amount you need to achieve within the evaluation period. It's a benchmark for your trading success.
Starter Program: 6% of the account balance
Expert Program: 7% for $50,000 and $100,000 accounts, 6.67% for $150,000 accounts
Maximum Loss Limit:
This is the maximum allowable loss from the peak of your account balance. It ensures that your trading remains within safe limits, protecting your capital from significant losses.
Starter Program: 4% of account balance
Expert Program: 5% for $50,000 accounts, 4.5% for $100,000 accounts, 4% for $150,000 accounts
Daily Loss Limit:
This parameter sets a cap on how much you can lose in a single trading day. The goal is to prevent excessive losses on volatile days.
Starter Program: 2% of account balance
Expert Program: 3% of account balance
Consistency Rules:
Consistency is key to sustainable trading. This rule ensures that your trading habits are steady and not overly aggressive.
Starter Program: Applied to both Challenge and Funded stages (30%)
Expert Program: Applied only to the Funded stage (40%)
Max Position Limits:
This parameter limits the number of contracts you can trade based on your account size. It's designed to help manage risk by ensuring positions are not overly large.
Starter Program:
$50,000: 3 mini contracts
$100,000: 7 mini contracts
$150,000: 12 mini contracts
Expert Program:
$50,000: 5 contracts
$100,000: 10 mini contracts
$150,000: 15 mini contracts
Reset Option:
If you don’t meet the target or exceed the loss limits, the reset option allows you to restore your balance and regain eligibility to continue in the challenge.
Available for Challenge accounts in both Starter and Expert Programs