ETX Funding is a newly launched prop firm which has been around for over 6 months in the prop firm space. ETX Funding is founded and led by Founder & CEO Steven Pastrana and based in delaware, United States. The Prop firm offer traders a max capital funding of $300,000 and scaling plan which can grow their account up to $2 million. ETX Funding offer traders 1-phase, 2-Phase and an instant funding program as well.

Company Information

Legal Name and Number: ETX Management Group LLC
Operating Since: ETX Funding has been operating since March 5, 2024.
CEO Name: Steven Pastrana

Challenge Details

ETX Funding provides 3 types of challenge accounts, Solo Campaign (One Phase), Multi Campaign (Two Phases), Live Action Mode (Instant).

Solo Campaign (One Phase) Details :-

Pricing:

$5,000: $55
$10,000: $115
$25,000: $225
$50,000: $355
$100,000: $555

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 5%
Profit Share: 80%, Up to 90%
Drawdown Type: Static
Time Limit: Unlimited
Leverage: FX (1:50), Indices (1:20), Metals/Commodities (1:20), Crypto (1:1)
Max Lot Size: Forex( Up to 200), Metals (Up to 50), Commodities(Up to 300), Indices (Up to 3000), Crypto (Up to 400) , Click here for detailed info
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 Days

Multi Campaign (Two Phases) Details :-

Pricing:

$5,000: $45
$10,000: $95
$25,000: $195
$50,000: $295
$100,000: $495
$200,000: $955
$300,000: $1,395

Rules:

Profit Target(Phase 1): 8%
Profit Target(Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%, Up to 90%
Drawdown Type: Static
Time Limit: Unlimited
Leverage: FX (1:50), Indices (1:20), Metals/Commodities (1:20), Crypto (1:1)
Max Lot Size: Forex( Up to 200), Metals (Up to 50), Commodities(Up to 300), Indices (Up to 3000), Crypto (Up to 400) , Click here for detailed info
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 Days

Live Action Mode (Instant) Details :-

Pricing:

$10,000: $497
$25,000: $1,227
$50,000: $2,250
$100,000: $4,500

Rules:

Profit Target(Level 1): 4%
Profit Target(Level 2): 8%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%, Up to 90%
Drawdown Type: Static
Time Limit: Unlimited
Leverage: FX (1:50), Indices (1:20), Metals/Commodities (1:20), Crypto (1:1)
Max Lot Size: Forex( Up to 200), Metals (Up to 50), Commodities(Up to 300), Indices (Up to 3000), Crypto (Up to 400) , Click here for detailed info
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 Days

Scaling Plan

ETX Funding offers a scaling plan if a trader shows consistency and based on ETX Funding’s approval, accounts will be scaled up to as much as $2,000,000.

Spreads and News Trading Rules

Spreads

Spreads are not always fixed and may vary based on market conditions, Click here to know the minimum/average/targeted spreads.

News Trading Rules

Trading around news is something ETX Funding does not appreciate as it does not show any skills or strategies of a trader. Therefore traders are allowed to open or closed positions within 5 minutes before and after a high-impact news event, resulting in a 10-minute trading window where activity is restricted.

Consequences: If a trader does not comply with the rule the positions will be automatically closed and it will counted as a soft breach. For Swing Traders if they open any trade between this 10 minutes window will not be counted in their gains.

Other Important Rules

Countries Banned from Purchasing

ETX Funding does not provide their services to a few countries which are Cuba, Iran, North Korea, Russia, Syria, Pakistan, Sudan, Somalia, Lebanon, Libya and Vietnam.

Forbidden Strategies

Several strategies are not allowed during both the Evaluation and Funded Phases, including:

High-Frequency Trading Bots
High Leverage and Risky Strategies
Copying Trades from other Traders
Using Market Purchased EAs
Latency Arbitrage
News Scalping
Reverse Hedging Between Different Accounts
Using Account Management Services for Passing Account

Payout Methods

ETX Funding has given traders to choose between two payout methods:

Riseworks: Withdraw directly to your bank account or Crypto Wallet.
Direct Cryptocurrencies: Withdraw directly to the crypto Wallet.

Trading Commissions

Commissions set by ETX Funding are as follows :

Forex: $7 per lot
Metals: $7 per lot
Commodities: No Commissions
Indices: No commissions
Crypto: No commissions

Jonandy Soto

ETX Funding