How to Buy and Participate in the $500,000 Prop Account Challenge by Fenefx

Two-Step Challenge

This challenge consists of two stages. You must meet specific conditions in each stage to qualify for the $500,000 funded account.
Stage One:

• Achieve a10% profiton the initial balance.
• Trade for a minimum of5 active trading days.
• Maximum daily drawdown:5%.
• Maximum overall drawdown:12%.

Stage Two:

• Achieve a5% profiton the initial balance.
• Trade for a minimum of5 active trading days.
• Maximum daily drawdown:5%.
• Maximum overall drawdown:12%.

Features:

• No time limit for each stage.
• Participation fee:$1,880.

One-Step Challenge

In this challenge, you only have one stage to prove your trading skills.
Challenge Conditions:

• Achieve a12% profiton the initial balance.
• Trade for a minimum of5 active trading days.
• Maximum daily drawdown:4%.
• Maximum overall drawdown:8%.

Features:

• No time limit.
• Participation fee:$2,444.

2. Main Rules for Participating in the Challenges

Before entering Funded Next challenges, you must be familiar with the main rules:

• Overall Drawdown:
• In the Two-Step Challenge, the maximum overall drawdown is12%.
• In the One-Step Challenge, the maximum overall drawdown is8%.
• Daily Drawdown:
• In the Two-Step Challenge, the maximum daily drawdown is5%.
• In the One-Step Challenge, the maximum daily drawdown is4%.
• Minimum Trading Days:
• In both challenges, you must trade for at least5 active trading days.
• Time Limit:
• There isno time limitfor completing the challenge, but it is recommended to manage your trades with proper planning.

3. Steps to Purchase and Participate in the Challenge

To buy and participate in the $500,000 prop account challenge by Fenefx, follow these steps:

Step 1: Choosing the Challenge

First, decide which type of challenge suits you best. If you can tolerate higher risk and want a shorter path, theOne-Step Challengeis more suitable for you. However, if you prefer an easier approach and want to complete the challenge in two stages, choose theTwo-Step Challenge.

Step 2: Registering on the Fenefx Website

Visit theofficial Fenefx websiteand create a user account. Enter your personal information and payment details.

Step 3: Paying the Challenge Fee

After selecting the type of challenge, proceed with the payment:

• $1,880for theTwo-Step Challenge.
• $2,444for theOne-Step Challenge.

Step 4: Receiving Account Information

Once the payment is completed, you will receive yourchallenge account detailsvia email or through your user panel. These details includeaccount balance, challenge rules, and access to the trading platform.

Step 5: Starting Your Trades

Now, you can start trading according to the specified rules. During the challenge period, pay attention to the following:

• Do not exceed thedaily risk limit.
• Ensure youmeet the minimum required trading days.
• Achieve there quired profit targetwithin the given stage.

4. Key Tips for Success in the Challenge

To successfully complete the challenge and obtain the$500,000 funded account, consider the following:

Capital Management

One of the most important factors in success isproper risk management. Never risk more than the allowed limit and use suitable trading strategies.

Trading Plan

Before starting any trade,define your trading plan. Setdaily and weekly goalsand stick to them.

Mastering Trading Psychology

During the challenge, you may experiencehigh market fluctuations. Stayingcalm and avoiding emotional decisionsis key to your success.

Focusing on Trade Quality

Ahigher number of trades does not guarantee success. Focus onhigh-quality trades based on detailed analysis.

Using Fenefx Educational Resources

Fenefx providesvarious educational coursesthat can help improve your skills. Utilize these resources toenhance your trading strategies.

5. Receiving the Funded Account and Profit Sharing

After successfully passing the challenge, you will be granted a$500,000 funded account. At this stage, the following conditions apply:

• Minimum of 10 trading days.
• Maximum daily risk: 5% for theTwo-Step Challenge, 4% for theOne-Step Challenge.
• Maximum total risk: 12% for theTwo-Step Challenge, 8% for theOne-Step Challenge.

Profit Sharing

• First and second withdrawals:80% of the profit is yours.
• From the third withdrawal onward:90% of the profit is yours.

6. In Case of Failure

If you fail to complete the challenge successfully, Fenefx allows you to re-enter the challenge with a 5% discount. This feature gives you another chance to prove your skills.

7. Challenge Fee Refund

One of Fenefx’s unique features is that after successfully completing the challenge and making the third withdrawal from the funded account, the full amount paid for the challenge is refunded to you. This policy reflects Fenefx’s commitment to supporting traders.
By following these steps and tips, you can easily participate in the $500,000 prop account challenge by Fenefx and receive the funded account. Your success depends on precise planning, trading discipline, and risk management.