Company Information

Company Name: Global Forex Funds
Company Legal Name: Prop Trade Tech LLC
Company Registration Number: ABN 71 661 045 950
Operating Since: November 2023
CEO Name: Undisclosed

Challenge Details

Global Forex Funds provides two types of challenges: the One-Phase Challenge and the Two-Phase Challenge, each tailored to meet the needs of different trading styles. These challenges determine if a trader can qualify for a funded account based on their performance.

One-Phase Challenge Details

Pricing:

$15,000 Account: $99
$25,000 Account: $199
$50,000 Account: $329
$100,000 Account: $499
$200,000 Account: $799
$400,000 Account: $1,499

Rules:

Profit Target: 10%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:30
Max Lot Size: No limit
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 10 Days

Two-Phase Challenge Details

Pricing:

$15,000 Account: $83.95
$25,000 Account: $168.75
$50,000 Account: $278.99
$100,000 Account: $404.55
$200,000 Account: $719.90
$400,000 Account: $1,350.60

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:30
Max Lot Size: No limit
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 10 Days

Scaling Plan

At this time, Global Forex Funds does not offer any scaling plan.

Spreads and News Trading Rules

Spreads:

Global Forex Funds has partnered with Eightcap as their broker to offer the most competitive spreads.

News Trading Rules:

Yes, Global Forex Funds allows traders to participate in news trading. There is no restriction whatsoever while trading during news but traders should understand that news trading invites huge risks as well.

Other Important Rules

Daily Drawdown Calculation:

At Global Forex Funds, The Daily Drawdown limit is calculated based on the previous day’s ending equity. The nature of daily drawdown is equity based drawdown and due to that, the drawdown limit will increase and decrease as the account equity grows or shrinks.

Countries Banned from Purchasing:

Due to regulatory restrictions, Global Forex Funds does not offer services to residents in the following countries:

Cuba
Iran
North Korea
Myanmar
Russia (including the Crimea, Donetsk, and Luhansk regions of Ukraine)
Somalia
Syria

Prohibited Trading Strategies:

To maintain fair trading conditions and limit high-risk tactics, Global Forex Funds prohibits the following trading strategies:

High-frequency trading (either manual or bot-driven)
Hedge arbitrage trading
Tick scalping
Grid trading
Martingale strategies
One-sided betting
Latency arbitrage trading
Reverse arbitrage trading
Copying trades from other traders

Engaging in any of these strategies on a live account will result in a violation of the rules, and Global Forex Funds may terminate the trader’s account.

Payout Methods

Global Forex Funds provides two payout methods, making it convenient for traders to access their earnings:

Bank Transfer
Crypto

Trading Commissions

Global Forex Funds has partnered with Eightcap, traders can enjoy competitive trading commissions. This setup is designed to provide traders with cost-effective trading, enhancing profitability over the long term.

IP Rule:

Traders are allowed to operate only from a single IP address. Additionally, using multiple IP addresses for trading or managing multiple accounts from the same IP address is prohibited.

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Global Forex Funds

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