zIf you intend to step into the professional world of trading and work with a $100,000 capital, the $100,000 Prop Account on Fenefx is one of the best options. This account is ideal for individuals who want to trade with larger capital by following specific rules and passing challenges. In this article, we will provide a step by step guide on how to participate in the challenges, the rules involved, and the process of purchasing this account.
Two-Step Challenge Conditions for the $100,000 Account
The two-step challenge consists of two stages, each with specific rules and objectives:
step One
- Profit Target: 10% of the initial account balance ($10,000).
- Minimum Trading Days: 5 days.
- Maximum Daily Drawdown: 5% of the starting daily balance ($5,000).
- Maximum Overall Drawdown: 12% of the total balance ($12,000).
- Time Limit: Unlimited.
step Two
- Profit Target: 5% of the initial account balance ($5,000).
- Minimum Trading Days: 5 days.
- Maximum Daily Drawdown: 5% of the starting daily balance ($5,000).
- Maximum Overall Drawdown: 12% of the total balance ($12,000).
- Time Limit: Unlimited.
Account Benefits After Passing the Challenge
- Profit Split: Up to 90% of trading profits.
- Scaling Plan: 30% capital increase after successful periods.
- Minimum Trading Days for Withdrawals: 10 days.
Participation Fee
The registration fee for the two-phase challenge for the $100,000 account is $498.
One-step Challenge Conditions for the $100,000 Account
The one-step challenge has stricter rules since traders must pass only a single stage. The conditions are as follows:
Challenge step
- Profit Target: 12% of the initial account balance ($12,000).
- Minimum Trading Days: 5 days.
- Maximum Daily Drawdown: 4% of the starting daily balance ($4,000).
- Maximum Overall Drawdown: 8% of the total balance ($8,000).
- Time Limit: Unlimited.
Account Benefits After Passing the Challenge
- Profit Split: Up to 90% of trading profits.
- Scaling Plan: 30% capital increase after successful periods.
- Minimum Trading Days for Withdrawals: 10 days.
Participation Fee
The registration fee for the one-phase challenge for the $100,000 account is $647.4
How to Register for the $100,000 Challenge?
To register and purchase the $100,000 Prop Account, follow these steps:
1) Visiting the Fenefx Website
Go to the official Fenefx website and navigate to the challenges section. Choose your preferred challenge type (Two-Phase or One-Phase).
2) Paying the Registration Fee
Pay the challenge fee. The cost is $498 for the Two-Phase Challenge and $647.4 for the One-Phase Challenge.
3) Receiving Challenge Account Details
After payment, your challenge account details (such as username, password, and account conditions) will be sent to you.
4) Starting to Trade
Follow the challenge rules and conditions, begin trading, and achieve the set targets.
Key Tips for Success in Challenges
To successfully complete the challenges, pay attention to the following tips:
Risk Management
- In the Two-Phase Challenge, the daily risk must not exceed 5%, and in the One-Phase Challenge, it must not exceed 4%.
- The maximum overall drawdown is 12% for the Two-Phase Challenge and 8% for the One-Phase Challenge, which must be carefully controlled.
Commitment to Minimum Trading Days
- A minimum of 5 trading days is required in each phase.
- This requirement cannot be replaced by executing large-volume trades in a single day.
Planning for Profit Targets
- The profit target in the challenges is 10% and 5% for the Two-Phase Challenge and 12% for the One-Phase Challenge.
- Adjust your trading strategy accordingly to reach these targets.
Utilizing the Unlimited Time Frame
One of the advantages of Fenefx challenges is that there is no time limit to complete them. Take advantage of this feature and trade with ease.
Fenefx Support and Training
Utilize capital management and trading psychology training provided by Fenefx to increase your chances of success.
Advantages of the Fenefx Prop Account
After successfully passing the challenges and receiving the main account, you can benefit from numerous advantages:
- High Profit Split: Up to 90% of trading profits belong to you.
- Capital Growth: With consecutive successes, your initial account balance can increase by up to 30%.
- Persian Support: The Fenefx team is available from 8 AM to 12 AM to answer your questions.
- Refund of Registration Fee: The challenge fee will be fully refunded after the third withdrawal.
What to Do in Case of Failure?
If you are unable to successfully complete the challenge, you still have another chance. Fenefx allows you to re-register for the challenge with a 5% discount. This opportunity enables you to retry with more experience.
How to Withdraw Profits?
After receiving the main account, trading profits are distributed as follows:
- First and Second Withdrawals: 80% of the profit belongs to the trader.
- From the Third Withdrawal Onward: 90% of the profit goes to the trader.
Additionally, your registration fee will be fully refunded after the third withdrawal.
