Funded by Earnex is a prop firm that offers traders various types of funded accounts ranging from $10,000 to $2,000,000. To avoid sudden losses, Funded by Earnex lays down some important rules that must be followed. Here is a breakdown of all rules set by the Funded by Earnex prop firm.

Drawdown limits

• Maximum Daily Drawdown - 5% of the amount of the initial balance
• Maximum Total Drawdown - 10% of the amount of the initial balance
• Trailing Drawdown - The drawdown limit changes after reaching high equity.

Leverage

Funded by Earnex, the funding rate varies based on the financial tool traded. Forex trading is given a leverage of 1:50, which gives traders the ability to control a large range of positions with a little net capital. Cryptocurrencies are given only a low leverage of 1:2 due to their high volatility. Metals and Indices are given an intermediate leverage of 1:15, which is a balance between risk and chance. In general, the leverage ratio applicable to all tools  is 1:50.

Trade Restrictions

In Funded by Earnex below are the trading strategies that are prohibited:

• Tick Scalping
• High-Frequency Trading
• Latency Arbitrage
• Business Account Management (for others)
• Grid Trading
• The Martingale Trading
• The manipulation of data feed
• The use of data latency

Trading Terms

Active Trading Day: There must be a closed trade profit above the initial balance of at least 0.5% in one day.
 

Duration: at least 2 minutes.
 

Inactivity Period: If there is no trading for 30 days, the account will be automatically canceled.
 

Weekend Trading is allowed at Funded by Earnex.
 

High activity News Trading is allowed at Funded by Earnex. Which means trading strategy where traders initiate trades based on the release of major economic news events that are expected to cause significant market fluctuations.
 

Profit Split and Payouts

Funded by Earnex offers traders the opportunity to get a profit split of up to a maximum of 80% based on their skills. The profit withdrawal at Funded by Earnex takes place once every two weeks, which guarantees a steady income for consistent traders. After the withdrawal request - it is usually processed in 24 to 48 hours.

Final Thoughts

Funded by Earnex offers a good opportunity for skilled traders to manage large amounts of funded accounts. It has clear restrictions to promote risk management and controls. With reasonable drawdown limits, stable leverage, limited trading methods and message based trading support, it promotes profitable trading. A maximum of 80% profit split and the possibility of receiving payment once every two weeks make it a good deal for active traders.
 

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