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Forex Funded Challenge

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Details About Forex Funded Challenge

Legal Name: Not disclosed
Company Number: Not disclosed
Country of Registeration: Not disclosed
CEO: Not available
Support Mail: [email protected]
Phone: Not available
Payment Modes: PayPal, Credit/Debit Card, Apple Pay, Google Pay
Withdrawal Methods: Wire Transfer/ Bank Transfer, PayPal, Crypto
Website: https://forexfundedchallenge.com
Banned Countries:

Challenge Details at Forex Funded Challenge

Types of Challenges: Two Phase Challenge
Trading Platforms: In House Trading Technology
Trading Instruments: Forex, Indices, Commodities
Broker: Not disclosed
Max Allocation: $200,000
Scaling: $Not available
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
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About Forex Funded Challenge

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Forex Funded Challenge (FFC) is a prop firm that offers traders the opportunity to manage significant capital without risking their own money. With competitive pricing, transparent rules, and high-profit sharing, FFC is designed for traders who want to take their skills to the test.

Company Information

  • Company Name: Forex Funded Challenge

Challenge Details

Forex Funded Challenge offer only one challenge program.

Pricing:

  • Size: $10,000 account – Price: $89
  • Size: $25,000 account – Price: $199
  • Size: $50,000 account – Price: $299
  • Size: $100,000 account – Price: $499
  • Size: $200,000 account – Price: $989

Rules:

  • Profit Target (Phase 1): 8%
  • Profit Target (Phase 2): 5%
  • Total Loss: 5%
  • Daily Loss: 10%
  • Profit Share: 90%
  • Drawdown Type: Static
  • Time Limit: Unlimited
  • Leverage: 1:100
  • Max Lot Size: No rule
  • Payout Frequency: Every 14 days
  • Allows Copy Trading: No
  • Min Trading Days: 5

Scaling Plan

Currently, FFC does not offer any scaling plan.

Spreads and News Trading Rules

Spreads:

Forex Funded Challenge offers competitive spreads with no commissions on trades.

News Trading Rules:

Yes, traders are allowed to trade news! As long as the markets are open, traders are free to trade, including during high-volatility news events.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown limit is calculated based on the equity at the end of the previous day. as it is equity based drawdown, traders must understand that the drawdown limit will keep fluctuating based on the floating balance and the drawdown limit will keep increasing and decreasing based on the account size.

Countries Banned from Purchasing:

There’s no specific mention of banned countries at this time, making FFC accessible to traders globally unless stated otherwise in the future.

Prohibited Trading Strategies:

To maintain a fair trading environment, FFC prohibits the following strategies:

  • Latency trading
  • Arbitrage trading
  • Group hedging/reverse trading
  • Martingale
  • Exploiting mispricing or front-running price feeds
  • Account management services

Payout Methods

Traders at FFC can withdraw profits through several convenient methods:

  • Bank Transfer
  • PayPal
  • Cryptocurrencies

Once your withdrawal is processed, you can jump right back into trading. FFC ensures that the payout process is seamless and efficient.

Trading Commissions

Forex Funded Challenge prides itself on offering a commission-free trading environment. They have also mentioned that there is no hidden fees or charges for slippage, making it easier for traders to maximize their profits.