What is the Trade-X Pay Later Challenge?
The Trade-X Pay Later Challenge is a single-phase evaluation program designed to provide traders with a direct path to funding.
There is no second stage to complete.
Once you pass the evaluation and complete the full payment, you receive your funded account.
A simple, transparent, performance-based model.
How much does it cost to get started?
You can begin the challenge for $5, which covers platform and server infrastructure costs.
The full challenge fee is only required after you pass the evaluation, just before your funded account is issued.
At Trade-X, you demonstrate performance first — then finalize your payment.
How does the evaluation phase work?
You only need to complete one evaluation phase to qualify for funding.
Evaluation Rules:
No daily drawdown
Maximum drawdown: 8% trailing
Profit target: 4% of the starting balance
No minimum trading days
No maximum trading days
No consistency rule
The 8% trailing drawdown is calculated based on the highest value between balance and equity at market rollover (5:00 PM EST).
What happens after I pass the evaluation?
After successfully passing and completing the full payment, you will receive a live funded account.
Funded Account Rules:
Maximum drawdown: 6% trailing
Daily drawdown: 3%
Minimum of 3 trading days before first payout request
Consistency rule applies
A trading day qualifies when you generate at least 0.5% profit based on the initial account balance.
How does the trailing maximum drawdown work?
The trailing drawdown updates daily at 5:00 PM EST (market rollover).
It is calculated using whichever is higher at rollover:
Account balance
Account equity
How it functions:
It increases when a new high is reached at rollover.
It never decreases.
Once it reaches the initial balance, it locks in place.
After a payout (funded stage), it resets to 6% below the initial balance.
Drawdown Levels:
Evaluation Phase: 8% trailing
Funded Stage: 6% trailing
This system protects accumulated gains while enforcing structured risk management.
Is there a daily drawdown limit?
Evaluation Phase: No daily drawdown.
Funded Stage: Yes — 3% daily drawdown.
The daily drawdown is calculated from the highest value between balance and equity at rollover (5:00 PM EST).
Are overnight and weekend trades allowed?
Yes. You may hold trades overnight and over the weekend during both the evaluation and funded stages.
Are there minimum or maximum trading day requirements?
Evaluation Phase: No minimum or maximum number of trading days.
Funded Stage: A minimum of 3 trading days is required before requesting a payout.
To qualify as a trading day, you must generate at least 0.5% profit relative to the starting balance.
What is the consistency rule?
The consistency rule applies only during the funded stage.
To be eligible for a payout:
Your most profitable trading day must not exceed 20% of the total profit generated during the payout period.
There is no consistency rule during the evaluation phase.
What is the Maximum Loss Per Trade rule?
Trade-X enforces strict risk control through a floating loss limit.
If at any moment your combined open positions reach a floating loss of -2% or more, the account will be permanently closed.
Example: On a $50,000 account, if open trades reach -$1,000 (-2%), the account is immediately terminated.
This rule ensures disciplined risk exposure at all times.
What is the profit split?
The standard profit split is:
80% to the trader
Example: If you generate $5,000 in profit, your payout will be $4,000.
An optional add-on is available at checkout for:
100% Profit Split
How often can I request payouts?
Payouts are processed every 14 days (bi-weekly).
Once you meet the requirements, simply submit a payout request and your profits will be processed accordingly.