Proprietary trading, or “Prop Trading,” enables traders to access simulated capital. At Profitex, traders showcase their skills to qualify for access to our funding to trade with and keep up to 80% of the profit!
To access our simulated capital, traders undergo an evaluation phase using a demo account. Successful traders then gain free access to a funded account to begin elevated trading.
Through the evaluation trading account process, we hope to identify serious traders who display the skills required to be successful with a Prop Firm. We do this by setting guidelines that encourage consistent strategies over a period of time. We also encourage you to maintain proper trading risk management skills throughout this period. If you successfully complete the evaluation period by achieving the profit target without falling afoul of the other guidelines, then you will be proposed to trade in the live environment & earn a share of the simulated profits you make (called the ‘funded stage’).
Minimum trading days: These are the minimum number of days you must open a trade in. Closing a trade doesn’t count.
Duration: This is how long you have to complete the challenge
Profit Target: This is the amount you need to achieve to be successful. It’s calculated as a percentage of your open balance (eg, 10% on $10,000 means you need to make $1,000 in profit)
Maximum Drawdown: This is the total amount you can go below the initial balance of your account before you fail the challenge. It’s calculated over the life of the challenge
Profit Split: This is how much of the simulated profits you will keep if you pass the challenge in the funded stage. Earn up to 80% profit split with Profitex.
We have partnered with Eightcap, a world leading broker, to allow you to place your trades. You’ll receive your account details instantly once you purchase an evaluation. No KYC required for evaluations.
Profitex, is a certified Eightcap Challenge Prop Firm backed by a global leading broker.
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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.
DX Trade Platform offers a seamless and intuitive interface for traders to execute transactions efficiently across various financial markets.
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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