About FXCI

FXCI is a proprietary trading firm that offers aspiring traders the opportunity to grow their trading skills and earn significant profits in the process. With clear, structured challenges and flexible trading options, FXCI makes the path to becoming an expert trader accessible. This article explores FXCI's features, including its challenge types, rules, payout systems, and more, giving you a comprehensive overview of how to start trading with FXCI.

 

 

Company Information

FXCI Challenge LTD is a registered trading company based in the United Kingdom.

• Company Legal Name: FXCI Challenge LTD
• Company Number: 15068590
• Country of Registration: United Kingdom
• CEO: Tony Guts
• Support Email: [email protected]
• Phone: 7753810245

Not only does FXCI provide competitive trading challenges, but it also ensures traders get access to robust support, making your trading journey smoother.

 

Challenge Details

At the heart of FXCI’s offering are its proprietary trading challenges. These challenges test your trading skills and, once passed, provide you with a fully funded account to trade and profit from.

Types of Challenges it Offers

FXCI offers two main challenge types: the One Phase Challenge and the Two Phase Challenge. Each challenge provides a different structure, so you can choose the one that suits your trading style and goals.

A Basic Overview

The challenges at FXCI are designed to evaluate your trading skills through various rules and guidelines. You’ll need to meet specific profit targets and loss limits to successfully pass the evaluation.

 

One Phase Challenge

In this challenge, traders have only one phase to demonstrate their trading prowess. Here’s what you need to know:

• Pricing:
  • $5,000 account – $59
  • $10,000 account – $109
  • $25,000 account – $199
  • $50,000 account – $309
  • $100,000 account – $509
  • $200,000 account – $959
• Account Size: The accounts available for this challenge range from $5,000 to $200,000.
• Rules:
  • Profit Target: 10%
  • Maximum Drawdown: 5%
  • Daily Loss: 3%
  • Profit Share: 85% after passing the challenge
  • Drawdown Type: Equity-based drawdown
  • Time Limit: Unlimited
• Leverage: FXCI provides flexible leverage for traders, but it varies depending on the trading instrument.
• Max Lot Size: FXCI doesn’t impose a maximum lot size, so you’re free to trade with the margin available to you.
• Payout Frequency: Traders can request payouts bi-weekly with a minimum withdrawal amount of $100.
• Copy Trading: Copy trading is allowed during the challenge, provided you manage the accounts yourself and comply with FXCI’s rules.
• Min Trading Days: The challenge requires a minimum of 3 trading days.

 

Scaling Plan

Though FXCI doesn’t offer an official scaling plan, traders can continue growing their accounts by consistently meeting trading targets and adhering to risk management rules. FXCI ensures traders retain up to 85% of the profits generated in expert accounts.

 

Spreads

FXCI partners with liquidity providers to ensure competitive spreads on Forex, indices, and other instruments. Tight spreads are crucial for maximizing your profits, and FXCI delivers in this area.

 

News Trading Rules

FXCI allows news trading, so if you’re a trader who capitalizes on market-moving events, you’re in luck. However, be cautious of wider spreads and market volatility during such events, as they can impact your trades.

 

Other Things to Keep in Mind

How Is Daily Drawdown Calculated?

The daily drawdown is calculated based on the equity of your account. For instance, on a Boosted account, the maximum daily drawdown is set at 3%, meaning you cannot lose more than 3% of your account’s equity in a single day.

 

Countries Banned from Purchasing

FXCI may restrict services in certain countries due to regulatory issues. Be sure to check the company's terms and conditions to verify if your country is eligible.

 

Gambling Rules

FXCI strictly prohibits any form of gambling. This includes placing reckless trades with no clear strategy or engaging in high-risk, unplanned positions that deviate from sound trading principles.

 

Strategies That Are Not Allowed

Some trading strategies, such as arbitrage or hedging across multiple accounts, are prohibited. Make sure to avoid:

• Data freezing
• Gap billing
• Reverse arbitrage
• Tick scalping strategies

FXCI has a strict risk management team that monitors these activities to ensure a fair trading environment for all users.

 

Payout Methods

You can withdraw profits using several methods, including:

• Deel
• Wire Transfer/Bank Transfer
• Crypto
• Wise

FXCI aims to process payout requests within 48 hours, ensuring you get access to your profits as soon as possible.

 

Trading Commissions

While FXCI doesn't charge direct commissions, it partners with liquidity providers who may include fees in spreads or swap charges, especially for holding trades overnight.

 

IP Rules

FXCI monitors IP addresses closely to prevent group trading, signal copying, or managing multiple accounts in violation of the firm's rules. You are allowed to use a VPN or VPS, but only for legitimate purposes like improving your trading connection.