Does FOREXIVE allow Expert Advisor (EAs)?
Yes, using a third-party Expert Advisor is allowed, but only if it serves as a trade or risk manager. This means the EA must focus solely on managing account risk, such as adjusting stop-losses, take-profits, or position sizes. Any other type of Expert Advisor, especially one that autonomously executes trades, is not allowed. Violating this rule will result in the …
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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.
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Profit Target 1-Step
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June 13, 2024
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All FAQ, Evaluation 1-Step
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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.
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Leverage 1-Step
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June 13, 2024
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All FAQ, Evaluation 1-Step
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Evaluation 1-Step With News Restriction Leverage (Standard) 1 : 50 Without News Restriction Leverage (Swing) 1 : 30
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Minimum Trading Days 1-Step
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June 13, 2024
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All FAQ, Evaluation 1-Step
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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.
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Daily Drawdown 1-Step
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June 13, 2024
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All FAQ, Evaluation 1-Step
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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 …
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Maximum Drawdown 1-Step
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June 13, 2024
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All FAQ, Evaluation 1-Step
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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 …
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IP address
We strongly advise traders to adhere to a single IP address to prevent any potential breaches of our firm’s policies concerning multiple IP addresses. Should we detect any similarities or discrepancies in trading strategies, such as hedging across multiple accounts using the same IP address, it will be regarded as a violation of our regulations. Maintaining transparency and integrity in …
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Inactivity period
If you fail to log into your trading account and execute a trade for 15 consecutive days, your account will be designated as inactive, and the system will classify it as failed. In such cases, please contact our support team at [email protected] to request a new account. If you have placed a trade but do not execute another trade for …
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Restricted/Prohibited Trading Strategies
At FOREXIVE, ensuring fair and ethical use of our platform is paramount. We have a zero-tolerance policy towards any form of cheating or exploitation, manipulating systems or algorithms, using automated tools or scripts, engaging in fraudulent activities, or any other behavior that undermines the integrity of our platform. This includes High-Frequency Trading, Reverse Trading, Latency Trading, Gap trading, Copy Trading …
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