To obtain a $500,000 funded account from Fenefx, you must first participate in the platform’s challenges. Fenefx, as one of the most reputable proprietary trading firms, offers two main types of challenges for this account: the Two-Step Challenge and the One-Step Challenge. Below, we will explain the steps to participate in these challenges, the related rules, and important considerations.
content list
1. Choosing the Right Challenge
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 a 10% profit on the initial balance.
- Trade for a minimum of 5 active trading days.
- Maximum daily drawdown: 5%.
- Maximum overall drawdown: 12%.
Stage Two:
- Achieve a 5% profit on the initial balance.
- Trade for a minimum of 5 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 a 12% profit on the initial balance.
- Trade for a minimum of 5 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 FundedNext challenges, you must be familiar with the main rules:
- Overall Drawdown:
- In the Two-Step Challenge, the maximum overall drawdown is 12%.
- In the One-Step Challenge, the maximum overall drawdown is 8%.
- Daily Drawdown:
- In the Two-Step Challenge, the maximum daily drawdown is 5%.
- In the One-Step Challenge, the maximum daily drawdown is 4%.
- Minimum Trading Days:
- In both challenges, you must trade for at least 5 active trading days.
- Time Limit:
- There is no time limit for 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, the One-Step Challenge is more suitable for you. However, if you prefer an easier approach and want to complete the challenge in two stages, choose the Two-Step Challenge.
Step 2: Registering on the Fenefix Website
Visit the official Fenefix website and 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:
- $1,880 for the Two-Step Challenge.
- $2,444 for the One-Step Challenge.
Step 4: Receiving Account Information
Once the payment is completed, you will receive your challenge account details via email or through your user panel. These details include account 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 the daily risk limit.
- Ensure you meet the minimum required trading days.
- Achieve the required profit target within 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 is proper risk management. Never risk more than the allowed limit and use suitable trading strategies.
Trading Plan
Before starting any trade, define your trading plan. Set daily and weekly goals and stick to them.
Mastering Trading Psychology
During the challenge, you may experience high market fluctuations. Staying calm and avoiding emotional decisions is key to your success.
Focusing on Trade Quality
A higher number of trades does not guarantee success. Focus on high-quality trades based on detailed analysis.
Using Fenefix Educational Resources
Fenefix provides various educational courses that can help improve your skills. Utilize these resources to enhance 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 the Two-Step Challenge, 4% for the One-Step Challenge.
- Maximum total risk: 12% for the Two-Step Challenge, 8% for the One-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 Fenefix’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 Fenefix and receive the funded account. Your success depends on precise planning, trading discipline, and risk management.
