FAQ

For 2-Step Simulated Evaluations, you have unlimited days to complete Phase 1 and Phase 2.

Both the daily drawdown and total drawdown metrics are based off of account equity. This means that the 4% daily drawdown is not a static metric, but one that trails forward with the highest floating profit of the day. 

Equity based drawdown applies to all steps programs.  

The overall virtual drawdown is capped at a maximum of 8% of account equity. Throughout the Simulated Evaluation Phase/Certified Simulated Account, the sum of all closed simulated positions along with the currently open floating virtual profits/losses must not exceed the specified overall virtual loss limit. Violating this rule will result in the suspension of the simulated account.

Your simulated evaluation commences on the day you execute your first simulated trade.

The 2-Step Simulated Evaluation consists of two testing phases, Phase 1 and 2. To successfully complete these phases, you must achieve the virtual profit target and fulfil the minimum requirement of 5 simulated full trading days within the program’s duration. The virtual profit target is set at 10% for Phase 1 and 5% for Phase 2. You have unlimited days to complete Phase 1 and Phase 2.

For the 2-Step Simulated Evaluation, the requirement to pass each phase is a minimum of 5 simulated full trading days. 
Note: These days do not need to be consecutive.

Your simulated account must be virtually traded a minimum of 5 simulated trading days consistently in a 30-day simulated trading period.
If inactive, the simulated account will expire due to the violation of inactivity.

The 2-Step Simulated Evaluation has a virtual profit target of 10% for Phase 1 and a 5% virtual profit target for Phase 2. Simulated Certified funded accounts do not have a virtual profit target.

Our consistency rules for traders ensure disciplined and sustainable trading practices across several key areas. First, traders must participate in a minimum of five trading days for each withdrawal. It is important to note that executing 0.01 lot positions or employing placeholder trades of short duration does not count as a valid trading day during the funded stage. Traders should trade according to their normal strategy for five separate days to meet this requirement.

Regarding the lot size consistency range rule, which applies only to HFT passers, this rule is enforced once a payout withdrawal request is submitted to ensure trading consistency. The average trade size at the time of your payout review determines a trading range. This range is calculated by adding 50% to the average trade size for the maximum value and subtracting 50% for the minimum value. Trades outside this range are subject to review and potential deduction from your total profit split. To calculate your average trade size, divide the total lot volume traded by the number of closed orders, with partial orders treated as separate orders. Multiplying the average by 0.50 gives the bottom of the range, and by 1.50 gives the top of the range.

The profit-based consistency rule for HFT passers stipulates that no single trade can account for more than 50% of the total account profit. Breaching this rule will lead to a deduction of profits from that particular trade. It is crucial to ensure all metrics are followed before requesting a payout. If consistency deductions exceed the profit made in your simulated funded account, a new account with a fresh trading period will be provided.

Additionally, there is a 35% day profit consistency rule applied upon payout withdrawal request. No single day can account for more than 35% of your total profit. Trades breaching this rule are considered a soft breach, and the invalid trades will be removed while keeping account access.

Furthermore, trades placed within a 30-second window are aggregated into one position for both profit and lot consistency calculations. These consistency rules apply to both the standard trader account and the experienced trader account. By adhering to these rules, traders can maintain consistent trading practices and ensure eligibility for profit withdrawals.

It is generally advisable to have certain safety measures in place, such as the use of a Stop-loss with risk management.

Your initial reward will be granted 30 days following your first trade, with a prerequisite of engaging in a minimum of 10 simulated trading days each month. All trades must be closed before placing a withdraw request. Subsequent rewards will be processed every 14 days thereafter. Upon processing, your reward will undergo compliance review. Completion and verification of KYC documents are imperative for the processing of your reward, which typically takes 3-5 business days. Failure to provide documentation within 30 days will result in rejection and non-compliance breach of the account.

Your eligibility for the first reward commences 30 days post your initial trade on your simulated certified account; subsequent rewards will be biweekly (every 14 days). You can conveniently request your reward via your client dashboard.

Rewards are processed and distributed exclusively on business days, excluding Saturdays, Sundays, and Holidays. A minimum reward amount of $100.00 is stipulated. Accounts undergoing compliance review will undergo a 30-day assessment period. Transaction fees are the responsibility of the certified client.

Bonus funds will be granted after two consistent rewards, contingent upon verification by the Pax Market Funds Verification Team.

Your reward constitutes 80% of the total, based on consistent trading performance. If a trader successfully completes their evaluation without relying on HFT bots, there will be no cap on the potential payout they can request. However, if a trader uses HFT during the evaluation phase to aid in passing, the profit split from the funded account will be capped once the trader achieves a 6% gain from the initial account balance. Any trading profits earned beyond this 6% mark will not contribute to the profit split. While exceeding the 6% limit is permissible, any profits gained through HFT during the evaluation process will not count towards the split. The 6% maximum gain per payout is calculated based on the starting balance of the account and resets after each payout.

Additionally, if the account is passed using HFT, the first month’s payout will be subject to a 60/40 ratio, with 60% going to the trader and 40% to the platform. The second month’s payout will be subject to a 70/30 ratio. Subsequent payouts will follow the standard 80/20 split mentioned above.

Moreover, the maximum allocation of virtual funding has been raised to $1,000,000, ensuring substantial payouts remain consistently available to traders. With this increase, the maximum profit eligible for a split at any given time would be $60,000, which remains quite advantageous.

Slippage is the difference between the anticipated price of a trade and the actual price at which the trade is executed. It often happens during volatile periods, such as during a high-impact news event affecting a currency. This phenomenon is beyond our control. Therefore, it is crucial to manage your risk prudently if you maintain trades during these times.

Martingale strategies, including Martingale Expert Advisors (EAs), are strictly prohibited under our policy. We define a Martingale strategy as initiating an additional position in the same direction while the original position is experiencing a drawdown, or opening a subsequent position with a lot size that exceeds the size of the original position. For instance, if someone opens a 1-lot buy position on AUDUSD and it enters a drawdown phase, they can open more buy positions on AUDUSD, provided each subsequent lot size is equal to or smaller than the original position. Increasing the lot size beyond the original is not allowed until all buy positions are closed. Similarly, if someone buys gold at 1800 with 1 lot and the price drops to 1799, buying 0.8 lots is acceptable. However, if the price further drops to 1795, purchasing more than 0.8 lots is not permitted; the lot size must remain at 0.8 lots or less. As per our Soft Breach Policy, passing the initial phase but being flagged for Martingale constitutes a soft breach. Detailed feedback on the rule violation and specific trades triggering the flag will be provided. Phase 1 Martingale status resets in such cases, allowing the evaluation to continue from the previous stage. These guidelines are designed to maintain a fair and responsible trading environment, encouraging sound trading practices while mitigating risks associated with Martingale strategies.