Ruleas

Funding rules of Fenefx

First Stage Challenge Rules

Account: Chosen broker
Duration: No time limit
Profit Target: 10%
Maximum Daily Risk: 5%
Maximum Total Risk: 12%
Minimum Trading Days: 5 days

Second Stage Challenge Rules

• Account: Chosen broker
• Duration: No time limit
• Profit Target: 5%
• Maximum Daily Risk: 5%
• Maximum Total Risk: 12%
• Minimum Trading Days: 5 days

Main Account Rules

- Account: Chosen broker
- Duration: No time limit
- Profit Target: –
- Maximum Daily Risk: 5%
- Maximum Total Risk: 12%
- Minimum Trading Days: 10 days (with balanced volume)
- Profit Sharing: Every 10 trading days
- Account Increase: 30% increase after every 30% withdrawal

Pro Trader Account Rules

- Account: Chosen broker
- Duration: No time limit
- Profit Target: 10%
- Maximum Daily Risk: –
- Maximum Total Risk: 5%
- Minimum Trading Days: 5 days (with balanced volume)
- Profit Sharing: Every 5 trading days
- Account Increase: 50% account increase after each withdrawal

Trading Time Limit Rule

- Keeping trades open over weekends is allowed.
- Keeping trades open for days or weeks is allowed.
- Profits from trades closed in under one minute will not be calculated.

News Trading Rule

- Trading during news events is allowed with any priority.
- Profits from trades made 5 minutes before or after high-impact (red) news events will not be calculated.
- The official news reference is forexfactory.com.

Daily Risk Rule

The total risk of open and closed trades within a trading day must not exceed 5%.
The daily risk is calculated based on the starting balance at the broker’s opening time.
The account equity must not fall below 5% of the starting balance during a trading day.
If the trader makes a profit or loss during the day, the risk basis remains the starting balance. For example, if the starting balance is $10,000, the trader initially has a $500 risk limit. If the account balance increases to $10,200 during the day, the trader can then risk up to $700 on the account until the end of the trading day.
This calculation method allows traders to risk their daily profits to potentially achieve higher targets.

Total Risk Rule

The total risk of open and closed trades must not exceed 12% (for two-stage challenge accounts) and 5% (for pro trader accounts).
The total risk is calculated based on the highest closing balance of previous days.
For example, in two-stage challenge accounts, if the starting balance is $10,000 and the account balance drops to $9,800 during the day, the total risk for the next day will be calculated from $10,000. If the account balance rises to $10,500 and closes on the next day, the total risk will be calculated from $10,500. If the account grows to $11,000 but closes at $10,400, the total risk will be calculated from $10,500, not $11,000.
This risk calculation method allows traders to risk their entire daily profits and serves as a deterrent when the trading day changes.

Deposit and Withdrawal Rule

In the main account, traders can withdraw funds after every 10 trading days.
For the first and second withdrawals, traders will receive 80% of the profit; from the third withdrawal onward, they will receive 90% of the profit.
Withdrawal requests should be sent to support, and after review (within a maximum of 48 hours), the requested amount will be transferred to the trader’s wallet address.
In Pro Trader accounts, traders can withdraw profits after every 5 trading days.
Note that in Pro Trader accounts, a minimum profit of 10% must be achieved for a withdrawal.

Broker Change Rule

Traders are allowed to change brokers under the following conditions:

After passing one stage, they can change brokers for the next stage.
After passing two stages, broker change is allowed in the main account.
Broker change is allowed after each withdrawal.
Traders are not permitted to change brokers during the challenge or before a withdrawal.
The responsibility for selecting a broker lies with the trader.
Traders are not allowed to open a “netting” account either at the beginning of the challenge or when changing brokers.

Refund Rule

Traders receive a 100% refund of the ticket price after completing three successful withdrawals.

Hedging Rule

Using a hedging strategy on trades within a single account is allowed, and traders can simultaneously take opposing positions within the same account.
However, if hedging occurs between the accounts of one or more users, it constitutes a violation of the rules and will result in account suspension. Hedging or taking positions with similar or closely related sizes and opposite directions across different accounts to pass challenges is considered abuse of the system, and both accounts will be suspended.
Hedging within a single account is allowed, but doing so during important news events or exploiting slippage during rapid movements caused by news is considered a violation.
Traders must not hedge between trading accounts at any stage of the challenge or within their own accounts, nor with other traders in the system or with other prop firm forms.
If such violations occur, the accounts will be revoked, and no refund will be provided to the involved traders.
Using hedging strategies between accounts is against proper risk management principles for using the firm’s services and managing capital. Our system monitors these transactions using artificial intelligence, which can detect such activities, and account rejections will be documented with evidence provided by the firm.

Trading Strategy Rule

All trading strategies are accepted (e.g., swing, scalp, martingale) as long as risk management rules are followed

Stop-Loss and Take-Profit Rule

Traders are free to use or not use stop-loss and take-profit according to their strategy.

Concurrent Accounts Rule

There is no limit to the number of active accounts. Accounts can be merged in the main account phase.

Copy Trading Rule

Traders are not allowed to engage in copy trading from other accounts. Any form of copy trading between different accounts, including accounts of the same trader or accounts of different traders within or outside the firm, is prohibited and will be monitored.
Violations will result in all accounts being deactivated, and no refunds will be provided.

Group Trading Rule

If you are trading as a group and have multiple accounts, it is acceptable as long as trades are not executed through copy trading (i.e., having less than 90% similarity in entry points, take profit, and stop loss).
You must inform support about group trading activities.

Use of Robots and EAs

The use of expert advisors (EAs), capital management robots, and indicators is allowed with the firm’s approval.
The use of trading robots is permitted only if the trader has intellectual property rights to the robot and can prove its development with the firm’s approval.
The use of delayed arbitrage robots is against the rules.

Use of Arbitrage

If a broker’s price for a symbol differs from the market price at the same time and the trader profits from the discrepancy, the resulting profit is considered unreal. If this violation occurs twice, the trader’s account will be suspended.

Broker Issues

Traders have the right to choose their broker and must perform the necessary server tests before opening an account. Issues with the broker’s server, including outages, are only addressed if they do not occur during major news times.
It is important to note that some brokers may experience server issues during news times. Therefore, it is recommended to avoid trading within five minutes before and after red news events.

Withdrawal and Refund

Cancellation is possible up to 15 days after purchasing the ticket, provided that identity verification is completed.
If a trader cancels before account creation and monitoring, 90% of the amount paid will be refunded.
After account creation and monitoring, 70% of the payment will be refunded.
Once monitoring is complete, if even a single trade has been executed, cancellation and refund are no longer possible.

Capital Increase

After each withdrawal of a total of 30% profit, the trader can request an account increase. In this case, the account balance will be increased by 30%.

Account Details

Traders are not allowed to change the investor password at any stage.
Changing the password will result in the trader losing their trading account.

Identity Verification

For accounts with a two-phase challenge, identity verification will be conducted after successfully completing the challenge. For ProTrader accounts, verification is required after the first withdrawal.
To complete identity verification, having one of the following documents is mandatory: passport, valid national ID card, or birth certificate.
Verification must be completed only after successfully passing the challenge.

Inactivity Rule

If no trades are executed in any account for a period of 30 days without coordination with the support team, the account will be suspended and will become obsolete after one day.

Referee condition

In case of rule violations and non-compliance at any stage, the trader will lose their trading account.
Note that in case of violations, documentation and evidence will be sent to the trader via support.
If there is a dispute between the trader and the company regarding the trading account, the final arbitration authority rests with the company’s management. Traders can submit their issue via an official message to fenefx@gmail.com for prompt resolution. Responses will be communicated through support or email.

Keeping in mind the checking of all accounts by the relevant software, the possibility of factors such as internet outages or server speed drops will reduce the accuracy of calculations. Therefore, the process of rechecking by human agents at the end of the challenge stages or at the withdrawal request stage is designed to minimize the possibility of error.