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Overview of Tex Trades Forex Prop Firm

TheTrustedProp
Date: May 10, 2024

Tex Trades, a dynamic trading platform, has emerged as a game-changer in the world of finance. With a mission to empower ambitious traders, Tex Trades offers a range of opportunities and benefits that set it apart from the competition. In this article, we'll delve into the company's details, its challenges, and what makes it an attractive choice for traders looking to make their mark in the financial markets.

Company Details

Name: Tex Trades

Legal Name: TexTrades LLC

CEO: Rajesh Kumar

Founded: October 2023

Registered in: USA

Tex Trades, under the leadership of CEO Rajesh Kumar, was founded in October 2023 and is registered in the United States. This relatively new entrant in the trading world has quickly gained recognition for its innovative approach and commitment to trader success.

Standard Challenge Details

Tex Trades offers two types of challenges for traders: Standard Challenge and 1-Step Challenge. Let's explore the details of the Standard Challenge:

  • Leverage: 30:1
  • Minimum Trading Days: 0
  • Maximum Trading Days: No Limit
  • Phase 1 Profit Target: 10%
  • Phase 2 Profit Target: 5%
  • Maximum Daily Loss: 4%
  • Maximum Loss: 8%
  • Gain Split: 80/20
  • Expert Advisors: YES
  • Scalping: YES
  • Weekend Trades: No
  • Stop Loss Required: YES
  • News Trading: YES

Tex Trades provides various account sizes for the Standard Challenge, ranging from $10,000 to $500,000. This flexibility allows traders to choose an account size that suits their risk tolerance and trading goals.

1-Step Challenge Details

The 1-Step Challenge at Tex Trades offers a faster path to success without the need for an evaluation period. Here are the details:

  • Leverage: 1:10
  • Phase Target: 10%
  • Maximum Daily Loss: 5%
  • Maximum Loss: 6%
  • Gain Split: 75/25
  • Expert Advisors: YES
  • Scalping: YES
  • Weekend Trades: NO
  • Stop Loss Required: YES
  • News Trading: YES

Similar to the Standard Challenge, Tex Trades provides a range of account sizes for the 1-Step Challenge, giving traders the opportunity to start earning immediately based on their expertise.

Other Details

Tex Trades is committed to supporting ambitious traders with data-driven success. Here are some additional features that make Tex Trades stand out:

  • Best Services: Tex Trades offers top-notch services, including low evaluation fees and professional support.
  • No Time Limit: There's no rush to meet trading targets. Tex Trades believes in providing traders with ample time to succeed.
  • Attainable Targets: Tex Trades sets achievable profit targets, ensuring that traders have a realistic path to success.
  • Trade from Anywhere: With Tex Trades, traders have the flexibility to trade from anywhere, giving them the freedom to pursue their trading goals on their terms.
  • Up to 90% Gains: Tex Trades offers the potential for traders to earn up to 90% in gains, providing a lucrative opportunity for success.

Get Started with Tex Trades

Tex Trades has a clear mission: to eliminate unnecessary obstacles and empower traders to succeed. Whether you opt for the Standard Challenge or the 1-Step Challenge, Tex Trades is designed to support your journey in the world of trading. With transparent policies and a commitment to trader success, Tex Trades is a platform worth considering for ambitious traders.

 

TexTrader: Your Path to Success

Reaching a significant milestone with Tex Trades is not the end; it's just the beginning of a journey filled with opportunities. As you qualify and maintain your eligibility, TexTrader offers substantial benefits that can enhance your trading experience:

  • Maintain Professionalism: To stay eligible, it's crucial to uphold a professional level of risk management and maintain consistency in your trading performance. Tex Trades rewards traders who exhibit professionalism.
  • Up to 90% Gains: TexTrader provides traders with the potential to earn gains of up to 90%. This high-profit potential can significantly boost your earning potential and financial success.

About Tex Trades

Based in the United States of America, Tex Trades was established with the aim of providing a genuine financial solution to prolific traders worldwide. Tex Trades believes in unlocking your true potential and offers a wide range of services to help you achieve that:

  • Extensive Trading Opportunities: Tex Trades provides trading opportunities of up to $500,000, allowing you to scale your trading activities according to your goals.
  • Live Trading Without Time Constraints: Unlike many trading platforms, Tex Trades doesn't impose time limits on your trading. You have the freedom to trade when it suits you best.
  • Transparent Profit Payouts: Tex Trades offers a transparent ecosystem where traders can enjoy a 90% profit payout at any given time. There are no hidden fees or surprises, ensuring that you receive what you've earned.

 

Join Tex Trades Today

Tex Trades is more than just a trading platform; it's a gateway to your financial success. With its commitment to transparency, flexibility, and trader empowerment, Tex Trades has gained recognition as a trusted partner for ambitious traders worldwide.

FAQs

Tex Trades welcomes traders from all countries, excluding OFAC listed countries, subject to compliance with applicable laws and regulations.

You can trade a wide range of products offered by the Broker, including FX pairs, CFD Indices, Metals, Equity Shares, and Cryptocurrencies.

Trading hours are determined by the Broker, and you can check the trading hours for each product on the MT4 or MT5 platform. Please note that holidays can affect trading hours, and trades are closed at 3:45pm EST on Fridays.

Yes, you can trade using an Expert Advisor, subject to Tex Trades' policy on Prohibited Trading Activity.

Yes, Tex Trades considers an account inactive if no trades are placed at least once every 30 days, which may result in an account breach.

Yes, Tex Trades allows trading during news events. This flexibility can be beneficial for traders who want to capitalize on market volatility during news releases.

Tex Trades requires all trades to be closed by 3:45pm EST on Friday. Any open trades after this time will be automatically closed. However, this is a soft breach, and you can resume trading once the markets reopen.

The maximum open lots across all pairs depend on your account size: $25K – 2.5 lots with risk $50K – 5 lots with risk $100K – 10 lots with risk $250K – 25 lots with risk $500K – 50 lots with risk $1 million – 100 lots with risk It's essential to manage your lots carefully to avoid excessive risk.

Yes, Tex Trades considers an account inactive if no trades are placed at least once every 30 days. Inactivity may result in an account breach.

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