Global Forex Funds, operating under Prop Trade Tech LLC (ABN 71 661 045 950), offers a unique opportunity for traders through its Two Phase Challenge. With a maximum allocation of $400,000, participants trade on the Metatrader platform provided by Eightcap. Although the company does not offer free trials or organize trading competitions, it provides flexibility with no time restrictions on the assessment stage. Traders can take as long as needed to complete the challenge successfully.
Global Forex Funds emphasizes risk management with clear drawdown policies. The maximum allowable drawdown is 10% of the initial account balance, and the maximum daily loss is capped at 5%. These rules ensure traders maintain a disciplined approach while aiming for profitability. Unlike many other firms, Global Forex Funds does not charge monthly fees for platform usage.
Traders can fund their accounts using various payment methods, including credit/debit cards, Skrill, and cryptocurrencies, and withdrawals can be made through crypto, Skrill, or wire transfer. After becoming a live funded trader, participants must trade for at least 30 days before making their first withdrawal, with subsequent payouts available bi-weekly.
For support, traders can reach out via email at [email protected]. For more details, visit their website at https://globalforexfunds.com.
