All FAQ – Page 7 – FOREXIVE

Can I trade during the news? 

Our evaluation challenges come in two types: one with news restrictions and one without. In the type with news restrictions, traders can use higher leverage, benefiting from a more stable trading environment. In the type without news restrictions, traders have the freedom to trade during news events, but the leverage is lower to manage the increased risk from market volatility.  …

Crypto currency  

Trading crypto currency pairs (Pending Orders ،TP ،SL, Buy, Sell) during weekend and holidays is prohibited and it will be considered as violation of the rules this include closing trades opened before weekend on all accounts.

Is copy trading allowed at FOREXIVE? 

No, copy trading is prohibited at FOREXIVE. Any copy trade between accounts not owned by the same individual and any trader who cooperates with FOREXIVE is traceable and strictly prohibited. If done, all accounts will be terminated, and no money will be returned. Traders can only copy trader between accounts owned by the same individual.

How many accounts can I have with FOREXIVE? 

There is no limit as to how many accounts you can have with FOREXIVE but the Maximum capital allocation is $250,000  Traders are able to merge their accounts into 1 account if they wish to  Example: 3 x $50,000 accounts and a $100,000 account 

Scale-Up plan 

Account growth takes place over a 3-month cycle and 40% increase to your balance every time, up to a maximum 2 million. Account growth requirements 

Are there any lot size restrictions when taking a trade? 

No, there are no restrictions on lot sizes (minimum or maximum) or trading strategies, allowing traders the freedom to trade any trading style if trades are within the risk management principles. Using stop loss or take profit is not necessary, but it is suggested to be used for better risk management  Bear in mind that the above matter does not …

Instruments available to trade  

You can trade all the instruments and assets available on the trading platform including Forex Currencies, Indices, and Commodities. 

Minimum Trading Days 2-Step

Evaluation 2-Step  Phase 1: 3 Trading days  Phase 2: 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.