How is drawdown calculated?
Our drawdowns are calculated as a static value off the beginning capital deposited into your trading accounts and evaluations
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Our drawdowns are calculated as a static value off the beginning capital deposited into your trading accounts and evaluations
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Traders will receive an email with their credentials. It will looks like this:
After this traders can login into their dashboard to see their performance
And into their trading platform to start their trading strategy
Our trading challenges serve as assessments to identify the most skilled and consistent traders or those showing significant future potential, with the aim of providing them with virtual funded accounts.
With Profitex benefit from an industry-leading profit split of 80%.
Traders can request payouts on-demand through the dashboard. This flexibility allows traders to withdraw their profits at their convenience. We also provide multiple methods for withdrawing profits, ensuring ease and accessibility for all our traders.
Profitex offers you a selection of account sizes to choose from.
The costs of the challenges vary, starting as low as $129 depending on the account size.
Profitex Funding offers one step challenges which has one phase to be passed to the simulated funded account.
Traders can choose from 15k accounts to 200k accounts depending on their risk profile and budget.
This is a critical rule and it’s set at 7% of traders initial account balance. The sum of all positions for the day must not hit or exceed this “Maximum Daily Drawdown”. If traders end the day with losses totalling more than this limit, it’s considered a rule violation.
The maximum daily drawdown is calculated using the equity which resets at the end of the 24 hour trading day.
The max drawdown is 10% of your initial account balance. This means your account equity cannot fall below 90% of the initial balance at any point.
It is important to note that the max drawdown limit does not reset like the daily drawdown limit.
Profit Target is the amount of profit you must achieve in a specific Phase of the Challenge.
The Profit Target is calculated as the profit you have earned on open and closed positions which means is equity based.
To successfully progress to the simulated Funded account, traders must reach 10% however there is not profit target on the simulated Funded account
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