Solo Campaign FAQs at ETX Funding
Engaging in the Solo Campaign at ETX Funding raises various questions for participants, ranging from campaign details to operational queries. Here we address some of the most frequently asked questions to provide clarity and guidance for traders.
What is the Solo Campaign at ETX Funding?
The Solo Campaign is a trader evaluation process designed to assess and identify skilled traders in a single pahse. It offers a simulated trading environment where traders aim to meet specific growth targets while adhering to predefined risk management rules.
What is the growth target for the Solo Campaign?
The standard growth target for the Solo Campaign is set at 10%. This objective challenges traders to demonstrate their ability to generate consistent profits under evaluation conditions.
Is there a time limit for completing Phase 1?
No, there is no time limit for completing either phase.
What are the daily loss and maximum drawdown limits?
Daily Loss Limit: 5% based on the days starting equity or balance.
Max Drawdown: 6% based on initial account balance
What type of drawdown is enforced?
The drawdown type is Static.
What is the performance reward?
The trader will receive a performance reward equivalent to 80% of the notional value of their simulated trading profits. This value is calculated using the same principles that govern actual market trades but is applied to the simulated trades executed by the trader. Performance reward can increase to 90% with the purchase of the Add-on or 4 consecutive performance rewards received.
What leverage is offered?
Leverage of up to 1:50 is available.
What is the minimum number of trading days required?
A minimum of 4 trading days is required.
Is there a limit on the number of open lots?
Minimum Trade Volume, Max Trade Volume and Max Position Limits
While we don’t impose specific maximum lot limits, we do have policies in place to manage and mitigate high-risk trading styles. Please refer to the spreadsheet detailing account limits. These limits, set by the broker rather than ETX Funding, may vary based on account size and leverage. The maximum lot size listed is for reference only and is not a recommendation; using the maximum lot size may conflict with our risk management policies. Click Here
What happens if I do not log into my account for 30 days?
Accounts will be deactivated if not logged into for more than 30 consecutive days.
Reactivation requires contacting support.
Is a stop loss required?
No, a stop loss is not required.
Are Expert Advisors (EAs) allowed?
No, EAs are not allowed. Use of EA's will violate our terms of use.
What does Lock Upon Performance Reward mean?
Lock Upon Performance Reward means when a trader requests their first performance reward, the account Max Drawdown will be locked to initial balance in perpetuity. In other words, upon the performance reward request by the trader, we will lock the max drawdown to the starting balance.
For example: $100K account with 10% Max Drawdown ($90K)
If a trader has a total gain of $10k, bringing the account balance to $110K and decides to withdraw $6K, then the max drawdown will lock at $100K for the reminder of your trading journey instead of $90K ensuring that they do not lose more than what they started off with. If the trader elects to withdraw the entire $10k gain, then we will issue a formal warning of potential breach if they elect to go through with the request.
What are the bonus conditions for registration fees?
Bonuses for registration fees are awarded upon reaching the first performance reward share period, with specific gains required for different account sizes.
What are the drawdown reset times?
The simulated max daily loss limit resets daily between 4:58 PM - 5:05 PM EST. Trades should not be executed during this reset window to ensure smooth functionality.
What actions are considered cheating?
Any trading styles that are deemed as "cheating", or otherwise not reflective of trading in the real market, are not permitted and will result in a violation of our Terms of Use. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent simulated gains only on demo accounts. Our traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Funded Trader’s account, whether in the evaluation phase or while funded. Please note that using any account management, which includes the use of trading softwares/EA's, “pass your challenge”, and/or copy trading services is also strictly prohibited and will result in the rejection of any Simulated Funded Accounts, as well as a permanent ban of all ETX services.
Are there any lot size limits?
Please refer to our Spreadsheet. Click Here
What should I do if my account credentials are compromised?
If your account is compromised, contact the support team immediately to secure and possibly recover your account. No reinstatement of accounts will occur for hacked or third-party traded accounts.
Do i receive a Bonus or "refund" on my first performance reward?
All Campaigns qualify for a 100% Registration fee Bonus added to their first performance reward. A trader qualifies for a performance reward and Bonus only if they have made:
$5k Account: Achieve $500 in gains.
$10k Account: Achieve $1000 in gains.
$25k Account: Achieve $2000 in gains
$50k Account: Achieve $3,000 in gains
$100k Account: Achieve $5000 in gains.
$200k Account: Achieve $10,000 In gains
$300k Account: Achieve $15,000 in gains.
What are the Commissions Per Lot?
In our trading programs on Both DX Trade & CTrader, the commission structure per lot is as follows:
Forex: $7 per lot
Metals: $7 per lot
Commodities: No Commissions
Indices: No commissions
Crypto: No commissions