Details About FX2 Funding
Legal Name: FX2 Funding, LLC
Company Number: Not disclosed
Country of Registeration: US
CEO: David Dombrowsky
Support Mail: [email protected]
Phone: +1 (516) 548-6471
Payment Modes: Crypto, Credit/Debit Card
Withdrawal Methods: Rise, Crypto
Website: https://fx2funding.com
Banned Countries:
Challenge Details at FX2 Funding
Types of Challenges: One Phase Challenge, Two Phase Challenge
Trading Platforms: DXTrade, cTrader
Trading Instruments: Forex, Indices, Commodities, Metals, Stocks, Crypto
Broker: ThinkMarkets
Max Allocation: $200,000
Scaling: $1,000,000
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
About FX2 Funding
FX2 Funding is a US-based proprietary trading firm that provides talented traders the opportunity to trade with simulated accounts and earn substantial profits. With no time limits, quick payouts, and the ability to access up to $200,000 in trading capital, FX2 Funding offers a flexible environment for traders to succeed. This article breaks down everything you need to know about FX2 Funding's challenges, rules, payouts, and more.
Company Information
- Company Name: FX2 Funding
- Legal Name: FX2 Funding, LLC
- Country of Registration: USA
- CEO: David Dombrowsky
- Support Email: [email protected]
- Phone Number: +1 (516) 548-6471
Challenge Details
FX2 Funding One-Step Program (Trailing)
Pricing:
- $10,000 Account: $95
- $25,000 Account: $190
- $50,000 Account: $285
- $100,000 Account: $475
- $200,000 Account: $925
Rules:
- Profit Target: 10%
- Drawdown: 6% (Equity-Based Drawdown)
- Profit Share: Up to 85%
- Payout Frequency: Every 14 Days
- Leverage: 1:100 for Forex pairs
- Allows Copy Trading: No
- Minimum Trading Days: None
- Time Limit: None
- Scaling Plan: Yes, FX2 increases your original account size by 10% when you make 10% profits and withdraw your share.
- Expert Advisors (EA) Allowed: Yes
FX2 Funding One-Step Pro Program (Fixed)
Pricing:
- $10,000 Account: $120
- $25,000 Account: $235
- $50,000 Account: $350
- $100,000 Account: $600
Rules:
- Profit Target: 10%
- Drawdown: 6% (Balance-Based Drawdown)
- Profit Share: Up to 85%
- Payout Frequency: Every 14 Days
- Leverage: 1:100 for Forex pairs
- Allows Copy Trading: No
- Minimum Trading Days: None
- Time Limit: None
- Scaling Plan: Yes, similar to the One-Step Program
FX2 Funding Two-Step Program
Pricing:
- $10,000 Account: $80
- $25,000 Account: $195
- $50,000 Account: $330
- $100,000 Account: $550
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Drawdown: 10% (Balance-Based Drawdown)
- Profit Share: Up to 85%
- Payout Frequency: Every 14 Days
- Leverage: 1:100 for Forex pairs
- Allows Copy Trading: No
- Minimum Trading Days: None
- Time Limit: None
- Scaling Plan: Yes
Spreads and News Trading Rules:-
Spreads: Competitive spreads offered on Forex pairs, metals, indices, and more. Although trading fees differ based on the platform used:
News Trading Rules: Traders can hold positions during high-impact news events. However, trades executed within the 5 minutes before and after a news release will be considered a "soft breach." Profits from these trades will be removed, and any losses will still count.
Other Important Rules
Daily Drawdown Calculation: Daily drawdown is capped at 4% of the higher of either closed balance or equity (including open trades) at 5pm EST. For example, if your balance is $105,000 at 5pm, your drawdown limit for the day is $4,200 (105,000 * 4%). If your equity drops below this, your account is terminated.
- Maximum Drawdown Calculation: For One-Step and Two-Step programs, maximum drawdown starts at 6% below your starting balance and trails from the highest point of your closed balance. It becomes fixed at your original balance after a 6% gain.
Payout Methods
- FX2 Funding offers quick payouts within 48 hours of approval. Payments are processed via Crypto (USDT TRC20) or via Rise, an online payment platform. If FX2 fails to process payouts within the promised timeframe, you get an additional $100 as compensation.
Trading Commissions
- Forex/Metals (cTrader): $4 per lot (round trip)
- Forex/Metals (DXTrade): $7 per lot (round trip)
- Indices, Energies, and Crypto: Commission-free on both platforms
Countries Banned from Purchasing
FX2 Funding does not offer its services to residents of the following countries:
United States, Canada, Afghanistan, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Guinea-Bissau, Iran, Iraq, North Korea, Libya, Mali, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen.
Gambling Rules and Prohibited Trading Strategies
FX2 Funding is strict about maintaining fairness in the trading community. The following trading strategies are prohibited:
- High-Frequency Trading (HFT): Using algorithms to execute trades in milliseconds to exploit market inefficiencies.
- Latency Trading: Profiting from delayed market data or execution delays.
- One-Sided Betting: Continuously taking trades in one direction without sound analysis.
- Arbitrage Trading: Exploiting price differences between markets for risk-free profits.
- Hedging Across Accounts: Hedging is allowed within one account but not across multiple accounts.
- Data Freezing Due to Demo Server Errors: Attempting to freeze platforms or exploit demo server errors.
Violations of these rules can result in account termination without refund.
Daily Drawdown Calculation: Daily drawdown is capped at 4% of the higher of either closed balance or equity (including open trades) at 5pm EST. For example, if your balance is $105,000 at 5pm, your drawdown limit for the day is $4,200 (105,000 * 4%). If your equity drops below this, your account is terminated.
United States, Canada, Afghanistan, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Guinea-Bissau, Iran, Iraq, North Korea, Libya, Mali, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen.