The Hex Funded Buy Now Pay Later model gives traders the opportunity to start a challenge for just $10, with the remaining balance only due once the evaluation has been successfully passed. This model is designed for traders who want access to a funded account with minimal upfront commitment.
Key Features
Start your evaluation for just $10
Single-phase evaluation with a low 3% profit target
No Max Daily Loss during the evaluation phase
Activation Fee paid only after passing - never upfront
No time limit
Designed for traders who want a low-barrier entry into funded trading
How It Works
Purchase your BNPL challenge for $10 and begin trading immediately. Once you have met the profit target and passed the manual review, you will be required to pay the Activation Fee to unlock your funded account. Your funded account is issued once payment is confirmed.
Evaluation Phase Requirements
To pass the BNPL evaluation, you must meet the following objectives:
Profit Target: 3%
Minimum Trading Days during Evaluation: None
Max Daily Loss during Evaluation: None
All drawdown rules apply throughout the evaluation
All rules and risk limits must be respected at all times
Once the evaluation is completed, your account undergoes a full manual review by our Risk Team. If approved, you will be asked to pay the Activation Fee before your funded account is issued.
Risk Parameters
Max Daily Drawdown: None (Evaluation) / 3% (Funded Account)
There is no Max Daily Loss limit during the evaluation phase. You are free to manage your risk as you see fit, provided you stay within the trailing drawdown at all times.
On your funded account, the Max Daily Drawdown is 3% of your initial account balance.
The daily limit resets at 00:00 UTC. At reset, the system takes the higher of your balance or equity as the starting point for the new day. Your equity must not fall more than 3% from that value at any point during the trading day.
Example:
Initial balance: $100,000
Daily loss limit: $3,000
Equity must not fall below $97,000 at any point during the trading day
Maximum Total Drawdown: 5% (Trailing)
The maximum total drawdown is a 5% trailing limit based on your initial account balance. This applies during both the evaluation and funded stages.
The limit trails upward as your equity reaches new highs
It is calculated as your highest equity point minus 5% of your initial balance
It never moves downward
Example:
Initial balance: $100,000 - Max drawdown limit starts at $95,000
Equity reaches $110,000 - Max drawdown limit moves up to $104,500
Your equity must never fall below the current locked value at any time
Consistency Rule: 20% (Funded Account Only)
No single trading day may represent 20% or more of your total profit within a payout cycle. This rule does not breach the account - it delays payout eligibility until your profits are more evenly distributed.
Example:
Your best day: $1,000 profit
You must reach at least $5,000 in total profit before requesting a payout
Minimum Trading Days (Funded Account Only)
To be eligible for payouts on your funded account, you must complete 5 separate qualifying trading days, each with a minimum of 0.5% profit. These days do not need to be consecutive.
Capital Lock (Funded Account Only)
If your combined floating loss across all open positions reaches 2% of your account balance, Capital Lock will trigger and automatically close all open positions.
This is a soft breach - your account is not terminated and you may resume trading immediately.
First trigger: Profit split reduced to 50%
Second trigger: Funded account permanently terminated
For full details, see the Capital Lock article in this Help Centre.
Activation Fee
Once you have successfully passed the evaluation, you will be required to pay the Activation Fee before your funded account can be activated. The fee is determined by the account size you selected.
Account Size | Activation Fee |
$2,500 | $42 |
$5,000 | $55 |
$10,000 | $94 |
$25,000 | $201 |
$50,000 | $343 |
$100,000 | $668 |
$200,000 | $1,018 |
Any active promotional discount running at the time of your pass will be automatically applied to your Activation Fee at checkout. For example, if a 30% promotion is live, this will be deducted from the fee automatically - no code required.
Profit Split and Payouts
Profit Split
Standard: 90% to the trader
Optional upgrade to 100% profit split available when paying your Activation Fee
Example:
$5,000 profit at 90% split = $4,500 payout
Payout Schedule
Standard: Every 14 days from your first trade
Optional add-on: Weekly payouts available to purchase when paying your Activation Fee
Minimum withdrawal: 1% of initial account balance or $100, whichever is higher
All positions must be closed and all rules must be respected to submit a payout request
Leverage
During Evaluation
Forex: 1:100
Indices: 1:20
Commodities: 1:20
Crypto: 1:2
Funded Account
Forex: 1:50
Indices: 1:10
Commodities: 1:10
Crypto: 1:2
Leverage may be increased over time based on consistent and responsible trading behaviour.
Spreads and Commissions
Hex Funded operates ECN-style pricing across all models:
Forex: $5 per lot
Commodities: $5 per lot
Indices: $0
Crypto: $0
News Trading and Weekend Holding
Evaluation: No restrictions on news trading or weekend holding during the evaluation phase.
Funded Account: The standard Hex Funded news trading restrictions apply. You may not open, close or modify positions within 5 minutes before or 5 minutes after a high-impact (red folder) news event on an affected currency. Weekend holding is permitted on funded accounts.
For full details, see the News Trading and Weekend Trading article in this Help Centre.
Additional Notes
All drawdown calculations include floating PnL, closed trades, swap fees, and commissions
All rules outlined in this Help Centre and the Terms of Service apply in full
Violating any breach rule - including max drawdown, max risk, Capital Lock, or prohibited strategies - will result in immediate account termination