Welcome to the Funded Level at FXIFY Futures! This guide will walk you through the essential rules and objectives to follow to keep your account in good standing and continue your journey to success.
Funded Account Parameters
Once you successfully pass the evaluation (either through the Starter or Expert account), you will be promoted to the Funded stage at FXIFY Futures. Here’s what you need to know to maintain and manage your account effectively:
Funded Account Rules and Guidelines:
Max Drawdown Limits:
For Starter accounts, the max drawdown is 4% of your starting balance. For Expert accounts, the max drawdown is from 4%-5% of your starting balance.Consistency Rule:
To maintain consistent trading performance, FXIFY Futures enforces a 30% consistency rule for Starter accounts and a 40% consistency rule for Expert accounts. This means that your trading strategy should not involve dramatic fluctuations in account balance. You are expected to have steady and controlled growth without aggressive, high-risk trades.Daily Loss Limit:
For Starter accounts, there is a 2% daily loss limit and 3% for Expert accounts. If your account hits this limit, trading will be paused for the remainder of the day, but you can resume trading the next day.
Account Payouts and Withdrawals:
Payout Requests:
After meeting the performance requirements, you can request payouts. FXIFY Futures has a payout policy that defines how often you can withdraw based on your trading cycle. Traders can make payouts after reaching certain milestones and thresholds as outlined in the payout policy.
To maintain a healthy and profitable trading account, it’s crucial to manage your trades consistently and with discipline. At FXIFY Futures, we encourage traders to stick to their regular trading strategy while adhering to the rules in the Funded Agreement. It’s important to avoid significant shifts in your risk management strategy, such as rapidly increasing contract sizes. However, you can make reasonable adjustments based on market conditions and the probability of your setups.
Important Notes:
Account Resets:
Funded accounts cannot be reset. Once you reach the Funded level, you must maintain your trading performance based on the established guidelines.Withdrawal Frequency:
You can initiate a withdrawal 14 days after your first trade on the funded account. After that, withdrawals can be made every 14 days from your last withdrawal date provided that it meets the payout policy including the buffer zone rule.
Stay focused on maintaining consistency and discipline in your trading to continue succeeding as a funded trader with FXIFY Futures!