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Overview of PacedFX Forex Prop Firm

TheTrustedProp
Date: May 11, 2024

In the world of forex trading, finding the right evaluation program to showcase your skills and secure funding is crucial. PacedFX is one such program that has gained popularity for its unique approach to evaluating and funding traders. In this article, we'll take a closer look at PacedFX, its company details, and the two evaluation options it offers: 1-Phase Evaluation and 3-Phase Evaluation.

Company Details

Name: PacedFX
Legal Name: Undisclosed
CEO: Undisclosed
Established: 2020
Registered Address: 28 Church St, Ste 14 #1574 Winchester, MA 01890 US

PacedFX is a trading evaluation program designed to help traders prove their skills in forex, indices, and commodities. With the promise of funding up to $500,000, it provides a platform for traders to demonstrate their expertise in financial markets.

Challenge Details

1-Phase Evaluation

  • Phase 1 Profit Target: 10%
  • Minimum Trading Days: None
  • Maximum Trading Days: None
  • Max Daily Loss: 5%
  • Max Trailing Loss: 6%
  • Leverage: 1:10
  • Withdrawable Gains: 75% (or 90% if addon is purchased at checkout)
  • Account Sizes: $10,000, $25,000, $50,000, $100,000, $250,000, $500,000

3-Phase Evaluation

  • Phase 1 Profit Target: 5%
  • Phase 2 Profit Target: 5%
  • Phase 3 Profit Target: 5%
  • Minimum Trading Days: None
  • Maximum Trading Days: None
  • Max Daily Loss: No Daily Loss
  • Max Loss (Static): 5%
  • Leverage: 1:10
  • Withdrawable Gains: 80% (or 90% if addon is purchased at checkout)
  • Account Sizes: $10,000, $25,000, $50,000, $100,000, $250,000, $500,000

Other Details

PacedFX's motto is simple: "We Set the Stage, You Set The Pace." This means they provide the platform, and traders need to showcase their trading skills within the set parameters to earn funding.

Which Evaluation is Right for You?

The choice between a 1-Phase Evaluation and a 3-Phase Evaluation depends on your individual goals and risk tolerance. If you want to get started quickly and have the budget for it, the 1-Phase Evaluation is a great option. However, if you're looking to save on evaluation costs in exchange for a longer evaluation phase, the 3-Phase Evaluation is a better choice.

Select Evaluation

You can choose from a 1-Phase Evaluation or a 3-Phase Evaluation depending on your preferences and budget. Account sizes range from $10,000 to $500,000.

Hit Your Targets

With PacedFX, you have the freedom to move at your own pace and achieve your defined targets without time restrictions. The 1-Phase Evaluation has a 10% profit target, while the 3-Phase Evaluation has a 5% profit target per phase.

Get Funded

Once you successfully reach your targets, PacedFX will provide you with a live account, allowing you to earn gains based on a percentage of your performance.

 

Achieving Your Trading Goals with PacedFX

PacedFX stands out in the world of forex evaluation programs by providing traders with a flexible and transparent path to securing funding. The company's commitment to helping traders reach their goals is evident through its comprehensive evaluation options and clear guidelines.

Understanding the Evaluation Process

Both the 1-Phase Evaluation and the 3-Phase Evaluation have their unique advantages. The 1-Phase Evaluation, with its higher profit target and quicker turnaround time, is ideal for traders who are confident in their abilities and want to kickstart their trading career promptly. On the other hand, the 3-Phase Evaluation offers a more extended evaluation period, allowing traders to spread their targets across multiple phases, which can be a cost-effective choice for those willing to demonstrate consistent performance over time.

Risk Management and Leverage

PacedFX maintains a strong emphasis on risk management by setting maximum daily loss limits and profit targets. This approach ensures that traders don't expose themselves to excessive risk and encourages disciplined trading. The leverage ratio of 1:10 is in line with industry standards and provides traders with sufficient capital efficiency.

The Importance of Withdrawable Gains

One notable feature of PacedFX's evaluation program is the option to increase withdrawable gains by purchasing an addon at checkout. This can be a valuable addition for traders looking to maximize their potential profits. However, it's essential to carefully consider the addon's cost and how it aligns with your trading strategy before making a decision.

 

In conclusion, PacedFX offers a unique and flexible approach to forex trading evaluation, allowing traders to showcase their skills and potentially secure funding for their trading activities. By choosing the evaluation option that aligns with your goals and adhering to the program's guidelines, you can embark on a rewarding journey in the world of forex trading.

To take the first step toward your trading goals, and start your evaluation with PacedFX. Remember that success in trading requires discipline, strategy, and a commitment to continuous improvement.

FAQs

Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.

You can trade any products offered by the Broker, including FX pairs and CFD Indices, Metals, and Cryptocurrencies.

Trading hours are set by the Broker, and we do not have any control over them. Please note that holidays can affect trading hours, and we close all open trades at 3:45pm EST on Fridays.

Yes, you can trade using an Expert Advisor, subject to our policy on Prohibited Trading as described below.

PacedFX has strict rules against prohibited trading activities, including exploiting errors in pricing, insider trading, front-running, and more. Any violation may result in termination from the program.

Yes, you can trade during news events, provided that the Broker continues to provide pricing data. It's essential to stay informed about market news and its potential impact on your trades.

PacedFX has a strict policy against prohibited trading activities, such as exploiting pricing errors or insider information. Any violation of these rules can result in the termination of your participation in the program.

Your performance in the evaluation program is assessed based on your ability to meet the specified profit targets and risk management criteria. Once you meet these targets, you'll be eligible for a live account.

Once you successfully complete the evaluation and meet the profit targets, PacedFX will provide you with a live account to start trading with real capital. You'll have the opportunity to earn a percentage of your performance gains.

If you have additional questions or need assistance with any aspect of the evaluation program, you can reach out to PacedFX's customer support for guidance and support.

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