How does the maximum drawdown work in FX2 Funding?

The maximum drawdown starts at negative 6% of your starting balance. If your negative equity reaches 6% of your starting balance, our system will automatically detect the violation and your account will be terminated immediately. Once you achieve a 6% return, it stops trailing and the drawdown is locked at your starting balance. Example: When starting with a $100,000 funded account, your account would violate the maximum drawdown rule when your equity breaches $94,000. If you profit $2,000 with a closed balance, then your new maximum drawdown would be $2,000 higher than previously ($96,000). If you continue growing the account to $106,000, the new maximum drawdown would be permanently locked at the starting balance of $100,000. This would allow you to compound the account freely without exceeding the maximum drawdown. For example, if you achieve a new high watermark of 40% (a closing balance of $140,000), you would (so long as you don’t lose more than 4% of your account in one day) only violate the maximum drawdown if your account lost more than $40,000 and is under $100,000

How does the daily drawdown work in FX2 Funding?

The daily max loss is the maximum your account is allowed to lose in one day. The daily max loss is 4% of your previous day’s closing balance (as of 17:00 EST). If a trader’s negative equity reaches 4% of their previous day’s balance, our system will automatically detect the violation and their account will be terminated immediately. Note: The daily max loss is not based on the previous day’s equity. It is based on the balance in your account. Example: If your previous day’s closing balance was $100,000, your account would be terminated if your equity reached $96,000. If your account had floating equity of $10,000 at the previous day’s closing, it would still be terminated if your equity reached $96,000.

Is my evaluation refundable in FX2 Funding?

Yes, once you pass the evaluation and make your first payout request, FX2 will reimburse your evaluation fee by adding the sum to your payout.

Can I scale up my account in FX2 Funding?

Yes. If you have achieved a profit of 10%, you must request a payout for your percentage of the profit and we will match it with a 10% increase in your capital. If your account continues to gain profit and your balance closes with another 10% profit, you will request another payout and we will match it again with another 10%. Scaling isn't automatic. You must request to scale-up by contacting our support team. Please note, scaling is capped at $1,000,000. IMPORTANT: When you request a payout, your maximum drawdown resets to your original capital balance. When you scale up, the new drawdown will be reset to the original starting balance plus the amount scaled. We recommend you do not request a payout until you have achieved at least a 5% profit, so that you still have 5% to drawdown before breaching. Example: You have a $100,000 funded account and make $10,000 (10%) of profit. You request your first payout. Say you request a payout of $4,000. We pay you your share of the $4,000 and we increase your capital by 10%, so your current balance stands at $116,000 (your maximum drawdown is now $110,000). You then make another 10% profit ($10,000). You request a payout, we pay you your share of the $10,000 and increase your capital with another $10,000, so your current account stands at $126,000. (At this point, your maximum drawdown is still at $120,000 and you've already pocketed your percentage of $14,000).

Can I trade the news in FX2 Funding?

Yes. Our traders may keep their positions open during all news events, but one-sided betting is still forbidden.

Can I trade with expert advisors in FX2 Funding?

It depends which FX2 platform you're using. If you have a DXtrade account, it doesn't currently integrate with expert advisors. If you are trading with cTrader, then you may use expert advisors, as long as they aren't high-frequency-trading, arbitrage or other malicious, cheating EAs.

How many funded accounts can I have at the same time in FX2 Funding?

You may run several simultaneous accounts, though the total funding across all accounts may not exceed $200,000. (Exceptions may be available to proven consistent traders). A $200,000 funded account can be scaled up, just like all other funded accounts.

How much leverage is provided by FX2 Funding?

We provide a leverage of 1:100 on Forex Pairs and Indices. Crypto pairs have 1:20 leverage.

Can I trade with MT4 or MT5 in FX2 Funding?

FX2 Funding do not offer the Metaquotes platform.

What is Gooey Trade in FX2 Funding?

Gooey Trade is a white-labeled product of DXtrade. It's the same thing. FX2 will send you credentials that will work in https://trade.gooeytrade.com/ only. They will not work if you go to DXtrade's site.