PaidPex is a new prop firm in the prop trading industry which offer traders the unique opportunities to access challenge accounts and instant funded trading accounts. Founded on April 17, 2024, PaidPex allows traders to access capital without putting their own money at risk.

Company Information

• Company Name: PaidPex
• Company Legal Name: PaidPex Technologies LTD
• Company Registration No.: 15656121
• Operating Since: April 17, 2024
• CEO Name: Undisclosed

Challenge Details

PaidPex offers two type funding options, 1-Step Challenge and the Instant Funding Program. Here are the Details :-

1-Step Challenge Details

This is an affordable challenge model with straightforward goals for traders who want a chance to demonstrate their skills with low initial costs. Here’s a detailed look at the pricing, account sizes, and rules for the 1-Step Challenge:

Pricing:

• $5,000 Account – $9
• $10,000 Account – $29
• $25,000 Account – $49
• $50,000 Account – $99
• $100,000 Account – $199
• $200,000 Account – $399
• $300,000 Account – $599

Rules:

• Profit Target: 8%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 90%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No Limit
• Payout Frequency: Every 14 Days
• Allows Copy Trading: Yes
• Minimum Trading Days: 0

Instant Funding Program Details

Pricing:

• $5,000 Account – $199
• $10,000 Account – $399
• $25,000 Account – $599
• $50,000 Account – $999
• $100,000 Account – $1,499
• $200,000 Account – $2,499

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No Limit
• Payout Frequency: Every 14 Days
• Allows Copy Trading: Yes
• Minimum Trading Days: 0

Scaling Plan

PaidPex currently does not offer a scaling plan.

Spreads and News Trading Rules

Spreads

PaidPex offers 0 spreads  on all the provided instruments.

News Trading Rules

PaidPex allow traders to trade during news events and does not put any restrictions whatsoever so traders can trade with full freedom.

Other Important Rules

Daily Drawdown Calculation

PaidPex uses a Static Drawdown model for calculating daily drawdown, meaning that the drawdown amount remains constant throughout the challenge phase. This setup is beneficial for traders as it provides a predictable limit on potential losses.

Countries Banned from Purchasing

Traders from OFAC-sanctioned countries are prohibited from using PaidPex’s services. To verify eligibility, traders can refer to the OFAC list for up-to-date information on sanctioned countries: OFAC Sanctions List.

Prohibited Trading Strategies

To maintain platform stability and trading integrity, PaidPex prohibits these following trading strategies:

• High-frequency trading
• Constant contract flipping
• Frequent size changes
• Dollar-cost averaging against trends

Payout Methods

PaidPex offers three main payout options, offering traders flexibility to choose the method that suits them the most. These options include:

• Bank Transfer
• PayPal
• Cryptocurrency

Trading Commissions

All trading accounts with PaidPex have $0 trading commissions, allowing traders to not stress about the commissions and focus more on trading.

IP Rule

PaidPex restricts multiple accounts from being traded from the same IP address or geographic location. In households with multiple traders, only one person may trade at a time to comply with the IP rule.