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Fund your FX

Details About Fund your FX

Legal Name: FYFX Capital LTD
Company Number: 75280952-000
Country of Registeration: HKHK
CEO: Not available
Support Mail: [email protected]
Phone: Not available
Payment Modes: Crypto, Wire transfer/ Bank Transfer, WISE
Withdrawal Methods: Wire Transfer/ Bank Transfer, Crypto
Website: https://fundyourfx.com
Banned Countries:US

Challenge Details at Fund your FX

Types of Challenges: One Phase Challenge
Trading Platforms: cTrader
Trading Instruments: Forex, Crypto, Commodities, Indices
Broker: Purple Trading
Max Allocation: $110,000
Scaling: $2,000,000
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
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About Fund your FX

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Fund Your FX offers a simple approach to becoming a funded trader. With instant funding, trader can start trading immediately and enjoy up to 90% profit split, scaling opportunities up to $2 million, and weekly payouts. Established in 2021, Fund Your FX has already paid out over $35 million to its 200,000+ users. Traders benefit from risk-free trading, as all losses are covered by the firm, allowing you to focus purely on growth. Partnered with the regulated broker Purple Trading, Fund Your FX ensures a reliable and professional trading experience on the cTrader platform.

Company Information

  • Company Name: Fund Your FX
  • Company Legal Name: FYFX Capital LTD
  • Company Registration No.: 75280952-000
  • Country of Registration: Hong Kong
  • Support Mail: [email protected]

Challenge Details

Fund Your FX offers two primary challenges to its traders—Origin Funded and Evolution Funded. Both provide ample room for growth and encourage disciplined trading with specific rules.

Origin Funded Challenge

Pricing:

  • $7,000 Account: $175
  • $15,000 Account: $264
  • $30,000 Account: $489

Rules:

  • Profit Target : None
  • Drawdown Type: Static Drawdown
  • Maximum Drawdown: 10%
  • Copy Trading: Not Allowed
  • Leverage: Forex -1:100, Indices - 1:30, Metals & Energies - 1:20, Cryptocurrencies - 1:2
  • News Trading: Allowed
  • Daily Loss Limit: 4% (for levels 1-2), 5% (for levels 3-6)
  • Payout Frequency: Every 7 days
  • Max Lot Size: Not specified
  • Minimum Trading Days : 0

Evolution Funded Challenge

Pricing:

  • $7,000 Account: $175
  • $15,000 Account: $264
  • $30,000 Account: $489
  • $80,000 Account: $1,104

Rules:

  • Profit Target (Phase 1): 10%
  • Drawdown Type: Equity-Based Drawdown
  • Maximum Drawdown: 10%
  • Copy Trading: Not Allowed
  • Leverage: Forex -1:100, Indices - 1:30, Metals & Energies - 1:20, Cryptocurrencies - 1:2
  • News Trading: Allowed
  • Daily Loss Limit: 4% (for levels 1-2), 5% (for levels 3-6)
  • Payout Frequency: Every 7 days
  • Max Lot Size: Not specified
  • Minimum Trading Days : 0

Scaling Plan

Fund Your FX offers a very simple scaling plan.

  • Eligibility: You need to generate at least a 10% profit on your funded account.
  • Origin Funded Scaling Plan: Traders can grow their account size based on their account sizes.
    • Starter program: up to $500,000.
    • Standard program: up to $1,000,000.
    • Professional program: up to $1,500,000.
  • Evolution Funded Scaling Plan:
    • Starter program: up to $500,000.
    • Standard program: up to $1,000,000.
    • Advanced program: up to $1,500,000.
    • Professional program: up to $2,000,000.

Spreads and News Trading Rules

Spreads:

Fund Your FX offers tight spreads across various instruments, starting from $0 at Levels 1-2. These spreads cover a range of assets, including:

  • FX Spreads: $0 starting from Level 1.
  • Indices Spreads: $0 starting from Level 1.
  • Gold (AU) Spreads: $0 starting from Level 1.
  • Silver (AG) Spreads: $0 starting from Level 1.
  • Oil Spreads: $0 starting from Level 1.
  • Natural Gas (NGAS) Spreads: $0 starting from Level 1.
  • Palladium (XPD) Spreads: $0 starting from Level 1.
  • Platinum (XPT) Spreads: $0 starting from Level 1.
  • Crypto Spreads: $0 starting from Level 1.

News Trading:

Yes, news trading is allowed. This means you can trade during major economic releases without any restrictions. While trading during news events can be volatile, it also presents opportunities for significant profits if managed correctly.

Other Important Rules

Fund Your FX takes its rules seriously. To avoid any pitfalls, here are some key guidelines to keep in mind:

Daily Drawdown Calculation:

The daily loss is calculated based on the cumulative PnL from open and closed positions for the day. It is simply equity EOD drawdown which means the drawdown will be calculated at the end of the day and will increase or decrease based on the account size.

Countries Banned from Purchasing:

Traders from the U.S., North Korea, and Iran are restricted due to local regulations. These countries are not allowed to trade with Fund Your FX. Traders must understand that even if they are using VPN from these countries, it is still not allowed.

Gambling Rules:

Excessive use of leverage and placing high-risk trades without a strategy is prohibited. Fund Your FX requires traders to maintain a responsible risk management strategy, especially when it comes to leverage. Any misuse could lead to a reduction in leverage or account closure.

Prohibited Trading Strategies

To ensure fair play, Fund Your FX has a strict policy against certain trading strategies. The following are prohibited:

  • Copy Trading Between Accounts
  • Latency Arbitrage
  • Reverse Arbitrage
  • Gap Trading
  • Toxic Order Flow
  • Account Management:
  • Tick Scalping:
  • Server Execution
  • Engaging in tick speculation/trading:
  • Martingale Trading
  • Hedging Positions
  • High-Frequency Trading
  • Third-Party Bots
  • Trend-Following Bots
  • Arbitrage Bots
  • Market-Making Bots
  • Mean Reversion Bots
  • Statistical Arbitrage Bots
  • High-Frequency Trading (HFT) Bots
  • Momentum-Based Bots
  • Scalping Bots
  • Sentiment Analysis Bots
  • Volume-Weighted Average Price (VWAP) Bots
  • Reverse Trading
  • Hedge Arbitrage
  • Use of Third-party signals

Engaging in any of these activities can lead to account termination.

Payout Methods

When it comes to payouts, Fund Your FX keeps it simple and efficient. You can receive your profits through the following methods:

  • Bank Transfer
  • Cryptocurrencies: For cryptocurrency transfers, these are the available options
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • USDC (TRC20)
    • USDC (ERC20)
    • USDT (TRC20)
    • USDT (ERC20)

Trading Commissions

Across all trading instruments, Fund Your FX applies a fixed commission rate:

  • FX Commissions: $6 per lot
  • Indices Commissions: $6 per lot
  • Gold Commissions: $6 per lot
  • Silver Commissions: $6 per lot
  • Oil Commissions: $6 per lot
  • Natural Gas Commissions: $6 per lot
  • Palladium Commissions: $6 per lot
  • Platinum Commissions: $6 per lot
  • Crypto Commissions: $6 per lot

As with spreads, commission rates can reduce as you advance through different trading levels.