HOMEPAGE

Currently we run a 1 phase evaluation program and as such there are no ongoing fees.

We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To understand their account offering that we use see here:

https://www.eightcap.com/en/trading/trading-conditions/spreads/

Here: https://www.eightcap.com/en/trading-platforms/metatrader-4/download-metatrader-4-platform/

Once you become a live funded trader, you must trade with us for at least 30 days for your first payout, and after that we can payout bi-weekly.

The evaluation phase at Profitex Funding is unlimited

There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30 day trading period to make a withdrawal.

Yes, you are allowed to use EA’s and indicators, including tools for managing risk and automated trading systems. However, certain strategies are strictly prohibited in the funded stage:

-High-frequency trading (manually or using a bot)

-Hedge arbitrage trading

-Tick scalping

-Grid Trading

-Martingale

-One-sided betting

-Latency arbitrage trading

-Reverse arbitrage trading

-Copying trades from other traders

If any of these strategies are detected in your live account, it will be considered a violation of the rules and Profitex will terminate your account.

Third party EA must be verified prior to using it on your live account

The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.

We classify our live traders as independent contractors. As such you invoice us for your earnings and must report this yourself to your relevant tax authority.

Yes, as we are on the lookout for individual traders and often make payouts to bank account for our live traders. As such accounts must be created in your own name.

Yes, traders are allowed to trade news. We would recommend to be careful and use proper risk management.

Yes our program allows for weekend and overnight holding of trades.

To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.

Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.

Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment method form, where you will provide your preferred payment method to process your future requests.