FAQ
We’re here to help you.
Below are our most commonly asked questions. But if you need more assistance don’t hesitate to contact us
What brokers/liquidity providers do you use?
We utilize an aggregate source of pricing and liquidity from multiple brokers and liquidity providers. The current liquidity providers use a number of different tier 1 banks, prime brokers, market makers and other liquidity sources to derive their pricing, and those underlying liquidity providers change constantly. Aggregating liquidity providers while maintaining multiple sources of liquidity allows us to provide competitive pricing and execution, while reducing reliance on a sole liquidity provider.
All market pricing and trade executions are provided by the brokers, without any alterations or modifications on our part. Moreover, we do not adjust transaction costs such as bid-offer spreads, markups/markdowns or swaps beyond what is set by our brokers.
Please note that the composition of liquidity providers may vary depending on the trading platform.
Where do I track the progress of my account?
Upon purchasing an Instant Funding Plan, you will receive access to a trader dashboard where you can monitor your Instant Funded Account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.
What products can I trade?
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
What Platform can I trade on?
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.
How many Instant Instant Funded Accounts may I have active at one time?
A maximum of $190,000 in active Instant Funding plans per person is permitted, consisting of up to one of each plan size.
What is the leverage?
We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.
What are the trading hours?
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol
How are affiliates credited?
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
Do your accounts charge commissions?
Instant Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
What is the minimum age I must be to be part of your program?
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an Instant Funding account.
How will I see the charge on my Statement?
How are taxes handled?
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Can I use an Automated Strategy?
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
What is the Instant Funding Plan?
The Instant Funding Plan allows traders to start with a fully funded account without needing to complete an assessment phase.
Am I trading on a real account?
FX2 traders receive a simulated account for trading. It’s crucial to understand that this account does not involve real funds, and trades are executed in a simulated environment using market quotes from liquidity providers. FX2 traders may never engage in actual transactions on live markets through their FX2 Accounts.
FX2 simultaneously operates its own independent trading activities utilizing real financial resources. During this process, FX2 may incorporate trading data obtained from FX2 Traders’ demo accounts, which is strictly for analytical purposes.
It goes without saying. that while FX2 traders do not have access to real funds or live accounts, they are of course eligible for a genuine financial reward based on the success of their simulated trades on the FX2 account, provided there is compliance with contractual conditions.
How do I request a payout and how are they processed?
A request can be easily made by clicking the request payout button in your dashboard. The minimum payout is 1% of your initial balance. Withdrawals are processed within 48 hours, with options for Crypto payouts or direct bank transfers via our partner, Rise.
You can create a Rise account here.
What are the trading commissions?
In cTrader, Forex and Metals trades are $4 per lot per round trip, while Indices, Energies, and Crypto trades are commission-free. In DXtrade, Forex and Metals trades are $7 per lot per round trip, while Indices, Energies, and Crypto trades are commission-free.
Can I trade with expert advisors?
It depends which FX2 platform you’re using. As of the moment, DXtrade doesn’t currently integrate with expert advisors. If you are trading with MT5 or cTrader, then you may use expert advisors, as long as they aren’t high-frequency-trading, arbitrage or other malicious, cheating EAs.
Which trading practices are forbidden?
At FX2 Funding, we prioritize the integrity of our trading community and the fair operation of financial markets. To uphold these principles, we strictly prohibit certain trading activities aimed at manipulating, abusing, or exploiting the trading system. Traders found engaging in prohibited activities will face account suspension or termination without refund.
- High-Frequency Trading (HFT):
High-Frequency Trading (HFT) involves the use of advanced computer algorithms and high-speed communication networks to execute a large number of trades within milliseconds. This practice seeks to profit from small price differentials and market inefficiencies.
- Latency Trading:
Latency trading involves trading based on delayed market data or exploiting execution delays to secure guaranteed profits. At FX2 Funding, we condemn latency trading due to its unethical nature and its violation of fair trading principles.
- One-Sided Betting:
One-sided betting entails consistently taking positions in a single direction without proper market analysis. This speculative approach disregards fundamental news, economic indicators, or technical signals, increasing the risk of substantial losses.
- Arbitrage Trading:
Arbitrage trading exploits price disparities or time discrepancies across different markets or platforms to generate risk-free profits. This practice is strictly prohibited at FX2 Funding to maintain fair market conditions.
- Hedging or Group Hedging Across Various Accounts:
While hedging within the same account is permitted, utilizing multiple accounts for hedging purposes is prohibited as it does not constitute a valid trading strategy. Engaging in hedging activities across multiple accounts is not allowed.
- Use of Platform or Data Freezing Due to Demo Server Errors:
Any attempt to gain an unfair advantage through platform or data freezing resulting from demo server errors is strictly forbidden. Such actions undermine fair competition and will result in investigation and potential sanctions.
- Account Sharing and Third-Party Provider:
Customers are prohibited from granting access to their evaluation and funded accounts to third parties or engaging in trading activities on behalf of others. This includes cooperation with third-party individuals or entities for account management or trading purposes.
Additionally, customers must adhere to standard risk management practices when trading financial markets, including maintaining appropriate position sizes relative to their account equity.
The FX2 Risk Management Department retains the discretion to identify and address forbidden trading practices, which may result in account termination or stricter risk management guidelines.
Can I hold a trade overnight or over the weekend?
Yes, holding trades over these periods is permitted.
Can I trade news events?
In all FX2 programs, the trader may hold trades during high-impact news events. However, any trades executed within a window of 3 minutes before to 3 minutes after a high-impact news event will be considered a soft breach. In such cases, any profits made during the news event will be removed and any losses will be the responsibility of the trader. This rule applies to all order types, including market orders and pending orders (e.g. Take Profit, Stop Loss, Limit Order, Stop Order). The FX2 risk-management team will review each account individually and make decisions based on various factors and risk parameters. Swing traders holding trades for extended periods will be dealt with more leniently, but it’s recommended to avoid executing any pending orders prior to high-impact news events.
What are considered news events?
Please refer to the ForexFactory calendar for a list of applicable news events with high impact, the red label icon. Restrictions will only apply to the currencies affected by the news event. For example, high impact news affecting the USD will restrict trading on USD-denominated pairs such as EUR/USD, GBP/USD, XAU/USD, US indices, etc.
What is the max capital allocation?
The maximum capital allocation is currently $300,000, with restrictions on account combinations.
Can I merge my accounts?
You cannot merge your accounts. You may use your own trade copier, if you have multiple FX2 accounts.
Is FX2 Funding a broker?
No, FX2 Funding is not a broker. We provide simulated trading accounts to traders who successfully pass our evaluations.
How do I become an affiliate?
Joining our affiliate program is straightforward. Visit our website, fill out the necessary details, and submit your application for review.
Which countries are ineligible for the programs?
FX2 welcomes traders from around the world with the exception of residents or citizens from the following countries:
- United States of America
- Canada
- Afghanistan
- Central African Republic
- Congo (Brazzaville)
- Congo (Kinshasa)
- Cuba
- Guinea-Bissau
- Iran
- Iraq
- Korea, North
- Libya
- Mali
- Russian Federation
- Somalia
- South Sudan
- Sudan
- Syria
- Venezuela
- Yemen
Please note that the list is subject to change, and it is essential to verify eligibility based on the latest updates from FX2.
Do you have a Discord channel?
Yes, join our Discord community here.
What is the profit target?
The profit target is 10%. Once achieved without breaching the daily or maximum drawdown limits, you will be assigned a virtual funded account.
How does the daily drawdown work?
This is the max loss allowed per day. If your negative threshold exceeds it, the account is terminated. It’s calculated as -4% of the higher value between the closed balance and equity (all open and closed trades) at 5pm EST. For example, starting the day with a closed balance of $103,000 and equity of $105,000, the daily drawdown is -$4,200 ($105,000 x -4%). If anytime during the day the equity falls below $100,800, the account closes.
How is the maximum drawdown calculated?
The maximum drawdown starts at 6% below your starting balance and trails from the high water mark of your closed balance. If your equity falls below this threshold, your account will be terminated. Once you achieve a 6% gain (with a closed balance), the drawdown limit is locked at your original starting balance, and you can freely compound the account.
What is the leverage?
Leverage offered includes 1:100 on FX pairs, 1:30 on Metals, 1:25 on Indices, 1:10 on Energy, and 1:2 on Crypto.
Is there a profit target once I'm funded or can I withdraw whatever amount I want?
Once a trader is funded, there is no profit target per se, but it’s unadvisable to withdraw profit before reaching 5-6%, because once you request a payout your maximum drawdown will be your initial starting capital balance.
Example: A $100,000 funded trader who profits $3,000 may request a payout for $2,000. After receiving his payout, his account balance will be $101,000 and his new maximum drawdown will be at $100,000, not leaving him enough room to trade comfortably. It is suggested that this trader make at least $5,000 – $6,000 of profit and then anything above that should be requested as a payout.
Is there a minimum trading day requirement?
No, there are no minimum trading days required to pass the evaluation.
Is there a time limit to complete the evaluation?
No, take as long as you need. There’s no rush.
What happens after passing the evaluation?
After passing, you’ll need to complete KYC verification and sign a contract. The verification process by our risk management team may take up to 48 hours.
How does the profit split work?
The profit split is 80/20. You can opt to increase your share to 95% by purchasing the add-on upon checkout. Payout requests are available bi-weekly, starting 14 days after your first trade.
What are the profit targets?
The initial target in the first step is 8%. After reaching this target, a second simulated account will be sent to you with a 5% target. Traders who successfully complete both phases will be assigned a virtual funded account.
How does the daily drawdown work?
This is the max loss allowed per day. If your negative threshold exceeds it, the account is terminated. It’s calculated as -4% of the higher value between the closed balance and equity (all open and closed trades) at 5pm EST. For example, starting the day with a closed balance of $103,000 and equity of $105,000, the daily drawdown is -$4,200 ($105,000 x -4%). If anytime during the day the equity falls below $100,800, the account closes.
How is the maximum drawdown calculated?
The maximum drawdown is fixed at 10% of your initial balance throughout the account’s lifetime. For example, with $100,000 two-phase account, your negative equity cannot go below $90,000 at any time.
What is the leverage?
The leverage settings are identical to the 1-step program. Leverage offered includes 1:100 leverage on all the FX pairs, 1:30 on Metals, 1:25 on Indices, 1:10 on Energy and 1:2 on Crypto.
Is there a minimum trading day requirement?
No, there are no minimum trading days required to pass the evaluation.
Is there a time limit to complete the evaluations?
No, take as long as you need. There’s no rush.
What is the profit split and how does it work?
The profit split is 80/20. You can opt to increase your share to 95% by purchasing the add-on upon checkout. Payout requests are available bi-weekly, starting 14 days after your first trade.
What happens after passing each one of the two evaluations ?
Upon successful completion of the 1st evaluation, you’ll need to complete KYC verification and sign a contract. The verification process by our risk management team typically takes up to 48 hours.
Are there any add-ons?
Yes, add-ons for the two-step evaluation are available in the purchase process. You can boost your profit split to 95% and reduce the payout interval from 14 days to 5 days.
Who is the counterparty to my trades?
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by arm’s length third parties. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
Do we manipulate the pricing or executions you receive in your Funded Account?
No. We do not have any control over pricing from the liquidity provider(s) or on the executions on your trades.
Am I subject to any position limits?
The maximum position that you may open is generally determined by your available margin.
We reserve the right to increase the margin requirement, limit the max order size or limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the liquidity provider(s) reserve the right to refuse to accept any order.
If I have a hard breach in my Funded Account and there are gains in the account, do I forfeit those gains?
If you have gains in your funded account at the time of a hard breach, you can still request the withdrawal of your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
How do I withdraw the gains in my Instant Funded Account?
Traders can request a withdrawal of the profits in their funded account through their trader dashboard at any time. However, withdrawals are limited to one request every 30 days. The minimum withdrawal amount is the greater of $100 or 1% of the account’s starting balance. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.
What happens if I do not pass KYC?
Do I need to complete KYC or sign a trader contract to start trading in an Instant Funding Plan?
A Trading contract and KYC are both required, however to start trading using our Instant Funding Plan, these steps won’t need to be completed until you request a withdrawal.
What are the commission rates on Futures products?
All Commissions Listed Below Are Per Side E-mini S&P 500 (ES) – $2.18 Micro E-mini S&P 500 (MES) – $0.71 E-mini Nasdaq-100 (NQ) – $2.18 Micro E-mini Nasdaq-100 (MNQ) – $0.71 E-mini Dow Jones (YM) – $2.18 Micro E-mini Dow Jones (MYM) – $0.71 E-mini Russell 2000 (RTY) – $2.18 Micro E-mini Russell 2000 (M2K) – $0.71 Euro FX (6E) – $2.40 British Pound (6B) – $2.40 Japanese Yen (6J) – $2.40 Canadian Dollar (6C) – $2.40 Swiss Franc (6S) – $2.40 Australian Dollar (6A) – $2.40 Crude Oil (CL) – $2.30 Micro Crude Oil (MCL) – $0.86 Natural Gas (NG) – $2.40 Heating Oil (HO) – $2.30 RBOB Gasoline (RB) – $2.30 Gold (GC) – $2.40 Micro Gold (MGC) – $0.86 Silver (SI) – $2.40 Micro Silver (SIL) – $1.36 Platinum (PL) – $2.40 Copper (HG) – $2.40 Corn (ZC) – $2.90 Soybeans (ZS) – $2.90 Soybean Meal (ZM) – $2.90 Soybean Oil (ZL) – $2.90 Wheat (ZW) – $2.90 Micro Bitcoin (MBT) – $2.86 Micro Ether (MET) – $0.46
What is the leverage on Futures products?
Futures leverage is determined by margin requirements, not by a fixed multiplier as in spot or
CFD trading. Each contract at the CME has its own initial and maintenance margin, which
represents the minimum amount of capital a trader must post to control a full-sized contract.
Please see the CME product pages for more information
https://www.cmegroup.com/solutions/risk-management/margin-services/productmargins.html
Who supplies the pricing feeds for the Futures program?
Real-time market data is provided from CME Group exchanges, including CBOT, CME, COMEX,
and NYMEX.
What Futures products can I trade?
E-mini S&P 500 – ES – CME Micro E-mini S&P 500 – MES – CME E-mini Nasdaq-100 – NQ – CME
Micro E-mini Nasdaq-100 – MNQ – CME E-mini Dow Jones – YM – CBOT Micro E-mini Dow Jones –
MYM – CBOT E-mini Russell 2000 – RTY – CME Micro E-mini Russell 2000 – M2K – CME Euro FX –
6E – CME British Pound – 6B – CME Japanese Yen – 6J – CME Canadian Dollar – 6C – CME Swiss
Franc – 6S – CME Australian Dollar – 6A – CME Crude Oil – CL – NYMEX Micro Crude Oil – MCL –
NYMEX Natural Gas – NG – NYMEX Heating Oil – HO – NYMEX RBOB Gasoline – RB – NYMEX Gold –
GC – COMEX Micro Gold – MGC – COMEX Silver – SI – COMEX Micro Silver – SIL – COMEX Platinum
– PL – NYMEX Copper – HG – COMEX Corn – ZC – CBOT Soybeans – ZS – CBOT Soybean Meal – ZM –
CBOT Soybean Oil – ZL – CBOT Wheat – ZW – CBOT Micro Bitcoin – MBT – CME Micro Ether – MET
– CME
Can I trade during News Events?
Our futures program does not prohibit trading during news events; however, traders must
exercise heightened caution due to the increased volatility and reduced liquidity that often
accompany such events. Traders are solely responsible for staying informed of scheduled
economic news releases and managing their positions accordingly.
What are the trading hours for Futures products?
All positions must be closed and all open orders cancelled according to the following times:
DX Futures – Trades may be placed starting at 17:00 CST at the Globex open and can be held
until the session close— 15:55 CST each weekday
What happens if I do not close the trade?
Positions will be closed for you at session close (15:55 CST for DXFutures). Trading will be reenabled at the Globex Futures open at 17:00CST. Positions cannot be held over weekends.
Holiday Hour Trading
During holiday trading hours, auto-liquidation will not occur at the half-time market close, and
the trader is responsible for closing the positions. Please pay careful attention to market hours
around holidays and shortened weeks. Failure to close the positions before the market closes
may result in the loss of the account whether it is a Futures Evaluation or Futures Funded
account.
Am I required to trade the front-month futures contract?
Traders must trade the front-month contract for each product, as it has the highest liquidity and
open interest. For example, in March, the correct contract for the ES E-Mini S&P 500 products is
the March (H) contract—not July (N) or September (U). Trading out-month contracts is
prohibited and may result in the loss of your account. Always ensure you’re trading the active
front-month listed on the exchange.To identify the most active front-month futures contracts,
you can use CME Group’s Product Slate, which provides detailed information on all available
contracts, including their current front-month status.
https://www.cmegroup.com/markets/products.html?
Am I subject to any position limits?
The total number of contracts you can hold at one time is limited by your starting account
balance: 25k 1 mini/10 micros 50k: 3 minis/30 micros 100k: 6 minis/60micro 150k: 9 minis/90
micros
Is there a limit on how much can be requested from my Funded Futures per payout?
No , there a no limit
How often can payouts be requested once I graduate to a Funded Futures account?
Traders can request the first payout after 14 days, then every 14 days for any subsequent
payout.
Are Futures executions live or simulated?
All executions occur in a simulated environment, but with live CME market data and pricing to
ensure a realistic trading experience.
How do subscriptions work for Futures assessment plans?
Each assessment plan operates on a monthly subscription that renews automatically every
month from the original purchase date. The subscription continues until one of the following
occurs:
The account is breached due to rule violations or the trader manually cancels the subscription
through their client dashboard or payment portal.
*Note that manually cancelling the subscription will result in the loss of the account (breach).
What happens if I do not pass KYC?
If you do not pass the KYC process, your account will be closed.
Can I pause the inactivity timer at any account Phase?
No, unfortunately we cannot pause the inactivity timer at any account phase.
What are the Market Data Fees?
Market data fees cover the cost of accessing real-time price data from the exchanges. These
fees are included in your purchase price during the Evaluation phase. Once you reach the
Performance phase, any applicable market data or platform fees will be deducted from your
account balance on a monthly basis.
How do I complete the CME market data attestation for DXFutures?
DXFutures has its own CME data attestation process with additional information requirements,
please make sure to accurately fill all fields before submitting. Please note: you must attest as a
non-professional; we do not accept professional status in this program.
What is a Futures contract?
A futures contract represents a standardized amount of an underlying asset. For example, one
E-mini S&P 500 futures contract (ES) represents $50 times the index price, while one crude oil
(CL) contract represents 1,000 barrels of oil.
Can I hold positions over the weekend?
No. All positions must be closed and all open orders cancelled according to the following times:
DX Futures – Trades may be placed starting at 17:00 CST at the Globex open and can be held
until the session close— 15:55 CST each weekday
What Platform can I trade on?
When you purchase a Futures plan, you’ll receive credentials granting access to a DXFutures
account.
How do I complete the CME market data attestation for DXFutures?
DXFutures has it’s own CME data attestation process which requires some additional trader
information, please be sure to fill out all fields. Please note: you must attest as a nonprofessional; we do not accept professional status in this program.
Simply reach out to FX2’s dedicated support team and we’ll be in touch to help you out as soon as possible.
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