All FAQ – Page 5 – FOREXIVE

Why should I join FOREXIVE?

Joining FOREXIVE Prop Trading Firm provides traders with exceptional benefits, making it an ideal choice for aspiring professionals. We offer innovative services such as no time limit challenges, allowing traders to achieve their goals without the pressure of deadlines. Our competitive offerings include balanced-based drawdowns, the lowest commissions and spreads, and extremely good customer support, ensuring a supportive and cost-effective …

Where are you located?

FOREXIVE is a global proprietary trading platform based in the United Kingdom (UK). Location: 3rd Floor, 86-90 Paul Street, London EC2A 4NE

Challenge Period

Our Evaluation challenges are designed to provide traders with the ultimate flexibility by eliminating time limits. This approach allows you to reach your profit targets at your own pace, ensuring a stress-free trading experience.

Profit Target 1-Step

Evaluation 1-Step  Phase 1: Achieve a 10% profit target with unlimited trading period. FOREXIVE Trader: No specific profit target is set when you become an FOREXIVE trader, providing you the freedom to trade with peace of mind. 

Leverage 1-Step

Evaluation 1-Step  With News Restriction Leverage (Standard) 1 : 50  Without News Restriction Leverage (Swing) 1 : 30 

Minimum Trading Days 1-Step

Evaluation 1-Step  Phase 1: 3 Trading days  It’s important to note that only opening and closing a trade on a same day counts as a trading day for instance if a trade opens on a Monday and closes on Wednesday it only counts as 1 trading day.

Daily Drawdown 1-Step

Evaluation 1-Step  The daily drawdown is 3% of the account’s starting balance of the day. If your account balance/equity falls below it will be considered a violation of the rules  Example 1: Imagine you start trading with a $50,000 account and your daily drawdown is 3% ($1500). If your account balance/equity falls below $48,500 at any point in a day …

Maximum Drawdown 1-Step

Evaluation 1-Step  Maximum drawdown is 6% of the account’s initial balance and the balance/equity of the account should not exceed the limit.  Example: Imagine you start trading with a $50,000 account and your Maximum Drawdown is capped at 6% ($3000). If your account balance/equity falls below $47,000 at any point in a day it will be considered a violation of …

Leverage 2-Step

Evaluation 2-Step  With News Restriction Leverage (Standard) 1 : 100  Without News Restriction Leverage (Swing) 1 : 30 

Country restrictions 

We have made the considered decision to restrict access to our services for residents of the USA. This decision comes after careful deliberation and analysis of various factors. While we value and appreciate all of our users, we believe that imposing this restriction is necessary to align with our company’s goals, policies, and compliance requirements. We understand that this may …