Understanding the Multi Campaign Process at ETX Funding
The Multi Campaign at ETX Funding is a comprehensive evaluation platform designed to assess and elevate the trading capabilities of participants through a structured two-phase process. This campaign uniquely challenges traders to meet specific growth targets while managing risk within defined parameters, emphasizing the development of strategic trading and risk management skills.
Phase 1: The Foundation
Objective: Traders are tasked with achieving an 8% growth target in the initial phase, setting the stage for disciplined trading and strategic risk-taking.
Maximum Drawdown: A key component of this phase is managing risk with a 10% maximum drawdown limit. This parameter tests traders' ability to protect their capital while pursuing growth.
The Challenge: Phase 1 serves as both a testing ground and a learning opportunity, requiring traders to adapt their strategies within the campaign's risk management framework.
Phase 2: The Advancement
Growth Target: Building on the momentum from Phase 1, traders enter Phase 2 with a goal of achieving a 5% growth target. This phase demands consistency and the ability to sustain profitability under varying market conditions.
Risk Management Continuity: The 10% maximum drawdown limit remains in effect, continuing to challenge traders to balance aggressive growth tactics with prudent risk controls.
Final Evaluation: Success in Phase 2 signifies a trader's comprehensive understanding of market dynamics, effective strategy implementation, and robust risk management practices.
Account Size and Opportunities:
Participants in the Multi Campaign have the potential to manage an account up to $300,000, based on their performance. This significant account size offers a realistic and challenging environment for traders to apply their skills on a larger scale.
Strategic Implications:
The Multi Campaign's two-phase structure requires a dynamic approach to trading, encouraging participants to refine their strategies and adapt to the evolving conditions of each phase. Success in the campaign underscores a trader's readiness to tackle complex trading scenarios and their capability to achieve consistent growth while managing substantial capital.
Conclusion:
The Multi Campaign at ETX Funding is not just an evaluation but a journey of growth and learning for ambitious traders. By navigating the challenges of both phases and meeting the specified objectives, participants demonstrate their readiness for advanced trading opportunities. The campaign is a testament to ETX Funding's commitment to fostering trading excellence, offering a rigorous yet rewarding pathway for traders to enhance their skills and achieve their full potential.
Multi Campaign Objectives
Criteria | 2-Step Evaluation |
Phase 1 Growth Target | 8% |
Max Time Phase 1 | No Time Limit |
Phase 2 Growth Target | 5% |
Max Time Phase 2 | No Time Limit |
Daily Loss Limit | 5% |
Max Drawdown | 10% |
Max Drawdown (Type) | Static |
Perfomance Reward | 80% (up to 90%) |
Leverage | Up to 1:50 |
Minimum Trading Days | 4 Days |
Max Open Lots | |
Inactivity Time | 30 Days |
Stop Loss Required | Not Required |
EA Allowed | No |
Lock upon Performance Reward | No |
*No extra lot limits on top of what the broker allows.
Growth Targets
Challenge Type | Phase 1 Growth Target | Phase 2 Growth Target |
Multi Campaign | 8% | 5% |
Drawdown Parameters
Challenge Type | Daily Loss Limit | Max Drawdown |
Multi Campaign | 5% based on the days starting equity or balance. | 10% based on initial account balance |
Minimum Trading Days & Transition/Upgrade Times
Challenge Type | Minimum Trading Days | Phase 1 to Phase 2 Transition Time | Phase 2 to Funded Account Time |
Multi Campaign | 4 | up to 1 business day | N/A |
Inactivity Periods
All accounts in all phases will be limited to a 30-day inactivity period. This means that if an ETX trader does not log into their account for more than 30 consecutive days, the account will be deactivated.
Please note that:
Days are consecutive, not trading days.
Activity means logging into the account, not necessarily taking positions.
If your account is inactive, you will need to contact us via live chat or email and request new account details to log back in.
News Trading Restrictions
The approach to news trading varies based on account type and evaluation phase.
Account Type | Solo Campaign | Multi Campaign |
Regular Challenge Phases | No | No |
Swing Challenge Phases | No | No |
Although news trading is not restricted on challenge phase 1 and phase 2, we do have a restriction on News trading in simulated funded accounts. Please review the full breakdown here: News Trading
Disclaimer: We do not recommend engaging in news trading activities, as it could expose your account to significant risk. If we detect any misuse or a pattern of exclusively trading on news, we reserve the right to suspend your account, as such behavior violates our terms of use and reflects our firm's commitment to compensating traders in exchange for trading data.
Commissions Per Lot
In our trading programs on DX Trade, 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
Drawdown Reset Time
The simulated max daily loss limit resets every day between 4:58 PM - 5:05 PM EST. To ensure smooth functionality, we advise our simulated traders to not execute trades in between the window of 4:58 PM - 5:05 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day, your dashboard will update with your new Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached.
Cheating Is Prohibited
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.
Minimum Trade Volume, Max Trade Volume and Max Position Limits
Please refer to our spreadsheet, which details all the limits. These are established to promote proper risk management and foster a positive trading environment. Click Here
Account Credential Safety
You are responsible for making sure your account credentials are safe. We do not reinstate accounts that have been hacked or distributed to third parties for trading and lost. If your account has been hacked, get in touch with our team so we can lock the account and change the password and run you through security protocols. No reinstatement of accounts will occur so it is important for you to get to us as quickly as you can if your account has been hacked.
Registration Fee Bonuses
All traders who pass Phase 1 and Phase 2 will receive a Bonus of their registration fee when they reach their first performance reward period at the end of the first month on their Simulated Funded trading account. A trader qualifies for a performance reward and registration fee refund 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.