Review of Prop Challenges Pricing + Discount Code

Why Choose FeneFx Prop Challenges?

FeneFx is one of the most reputable prop trading platforms that has been specifically designed to cater to Iranian traders. By addressing the unique needs and challenges faced by Iranian traders in international markets, FeneFx has become one of the top choices for prop trading in Iran.

The main reasons for choosing FeneFx are as follows:

1. Full Persian-Language Support

One of FeneFx’s biggest advantages is its full Persian-language support. The professional support team is available from 8 AM to midnight, providing quick responses to traders’ questions. This makes communication and receiving guidance extremely convenient for Iranian users.

2. Comprehensive and Practical Education

FeneFx not only offers prop trading services but also provides comprehensive educational courses to empower traders in all aspects of financial markets. These courses cover essential topics such as risk management, market psychology, and creating a personal trading strategy.

3. Transparent and Standardized Rules

FeneFx’s rules are designed to be transparent, standardized, and easy to understand. Traders can fully grasp the regulations, allowing them to plan effectively and achieve their goals in the challenges.

4. Trading Access from Within Iran

FeneFx allows traders to access global brokerage services while helping them navigate restrictions imposed by international sanctions.

5. Challenge Fee Refund

Unlike many other platforms, FeneFx refunds the challenge entry fee after the third profit withdrawal, making the FanFix prop trading challenges even more appealing.

6. High Profit Split and Capital Growth

After successfully completing the challenges, traders can receive 90% of their profits. Additionally, they can increase their capital by up to 30%, allowing them to execute larger trades.

 

What is FeneFx’s Two-Step Challenge?

The two-step FeneFx challenge is designed to evaluate traders’ skills and discipline across two phases. This challenge is ideal for traders who want to test their ability in risk and capital management.

By successfully passing this challenge, traders gain access to the main funded account and benefit from profit-sharing and capital growth.

Rules and Conditions of the Two-Step Challenge

Phase 1:

• Profit Target: Trader must achieve at least 10% profit based on the initial balance.
• Minimum Trading Days: 5 days
• Maximum Daily Drawdown: 5%
• Maximum Overall Drawdown: 12%
• Time Limit: Unlimited

Phase 2:

• Profit Target: Trader must achieve at least 5% profit.
• Minimum Trading Days: 5 days
• Maximum Daily Drawdown: 5%
• Maximum Overall Drawdown: 12%
• Time Limit: Unlimited

 

The Funded Account:

After successfully completing both phases, the trader gains access to the main funded account. The following rules must be followed:

• Maximum Daily Drawdown: 5%
• Maximum Overall Drawdown: 12%
• Minimum Trading Days: 10 days
• Profit Split: 90% to the trader
• Capital Growth: Up to 30%

By following these rules and successfully completing the FeneFx prop trading challenge, traders can take advantage of high-profit payouts and scale their capital for even greater trading opportunities.

 

What is FeneFx’s One-Step Challenge?

The one-step challenge is designed for traders who want quicker access to the funded account. Unlike the two-step challenge, this challenge consists of only one evaluation phase, and upon successful completion, the trader gains access to the main funded account.

 

Rules and Conditions of the One-Step Challenge

• Profit Target: A minimum of 12% profit on the initial balance
• Minimum Trading Days: 5 days
• Maximum Daily Drawdown: 4%
• Maximum Overall Drawdown: 8%
• Time Limit: Unlimited

 

Funded Account Conditions

After successfully completing the challenge, the trader will gain access to the main funded account with the following conditions:

• Maximum Daily Drawdown: 4%
• Maximum Overall Drawdown: 8%
• Minimum Trading Days: 10 days
• Profit Split: 90% to the trader
• Capital Growth: Up to 30%

 

Comparison: One-Step vs. Two-Step Challenge

Differences in Profit Target, Risk Limits, and Cost

Profit Target:

• In the two-step challenge, the trader must achieve 10% profit in the first phase and 5% in the second phase.
• In the one-step challenge, the trader must achieve a single 12% profit target.

Risk Limits:

• In the two-step challenge, the maximum daily drawdown is 5%, and the maximum overall drawdown is 12%.
• In the one-step challenge, the maximum daily drawdown is 4%, and the maximum overall drawdown is 8%, meaning stricter risk management is required.

Cost:

• The two-step challenge has a lower entry cost because it involves a more gradual evaluation process.
• The one-step challenge is more expensive due to its faster funding process.

For example:

• For a $1,000,000 account:
  • Two-Step Challenge: $3,680
  • One-Step Challenge: $4,784
• For a $10,000 account:
  • Two-Step Challenge: $88
  • One-Step Challenge: $114.4

 

Pros and Cons of Each Plan for Traders

 Two-Step Challenge:

 Pros:
✔ Lower cost
✔ More structured evaluation process
✔ Suitable for traders with better risk management skills

 Cons:
✖ Takes longer due to two phases

 

 One-Step Challenge:

Pros:
✔ Faster access to the funded account
✔ Ideal for professional traders seeking quick returns

 Cons:
✖ Higher cost
✖ Stricter risk management limitations

 

Final Thoughts: Which Challenge Should You Choose?

Both one-step and two-step challenges in FanFix are designed to evaluate a trader’s skill level through a transparent and structured process.

• If you are looking for a lower-cost challenge with a structured evaluation process, the two-step challenge is a better choice.
• If speed is your priority and you are confident in your trading skills, the one-step challenge is the best option.

Your trading experience, strategy, and risk management should determine which plan suits you best.

 

FeneFx Prop Challenge Pricing for Different Account Sizes

The FeneFx prop trading challenges are designed for traders with varying capital, skill levels, and risk tolerance. Each challenge has a specific entry cost, which varies based on whether the trader chooses a one-step or two-step evaluation process. Below, we break down the pricing structure and details of each plan.

1. $1,000,000 Account Plans

• Two-Step Challenge: $3,680
  • Traders must achieve 10% profit in phase one and 5% in phase two to qualify.
• One-Step Challenge: $4,784
  • Traders must achieve a single 12% profit target in one phase.

2. $500,000 Account Plans

• Two-Step Challenge: $1,880
• One-Step Challenge: $2,444

3. $250,000 Account Plans

• Two-Step Challenge: $998
• One-Step Challenge: $1,297.4

4. $100,000 Account Plans

• Two-Step Challenge: $498
• One-Step Challenge: $647.4

5. $50,000 Account Plans

• Two-Step Challenge: $298
• One-Step Challenge: $387.4

6. $20,000 Account Plans

• Two-Step Challenge: $138
• One-Step Challenge: $179.4

7. $10,000 Account Plans

• Two-Step Challenge: $88
• One-Step Challenge: $114.4

8. $5,000 Account Plans

• Two-Step Challenge: $54
• One-Step Challenge: $70

 

Complete Pricing Table for FeneFx Challenges

Account Size	Two-Step Challenge ($)	One-Step Challenge ($)
$1,000,000	3,680	4,784
$500,000	1,880	2,444
$250,000	998	1,297.4
$100,000	498	647.4
$50,000	298	387.4
$20,000	138	179.4
$10,000	88	114.4
$5,000	54	70

 

Key Takeaways for Traders

✅ Lower Cost with the Two-Step Challenge:

• The two-step challenge is more affordable since it involves a gradual evaluation process.
• Suitable for traders who prefer structured assessments and risk management evaluations.

✅ Faster Access with the One-Step Challenge:

• Traders who want immediate access to the funded account can choose the one-step challenge.
• This plan comes at a higher cost but requires only a single evaluation phase.

The choice between a one-step and two-step challenge depends on your trading experience, risk tolerance, and investment preferences. If time is your priority, the one-step challenge is a faster path to funding. However, if cost is a concern, the two-step challenge offers a structured and budget-friendly approach.

 

FeneFx Main Rules for Challenges

FeneFx’s rules are designed to be transparent, standardized, and precise. These rules help traders enter challenges with discipline and better risk management.

1. Overall Drawdown Rule

Overall drawdown refers to the amount of reduction from the initial balance. This rule varies for different account types:

• In the two-step challenge, the maximum overall drawdown allowed is 12% of the initial balance.
• In the one-step challenge, the maximum overall drawdown allowed is 8% of the initial balance.

2. Daily Drawdown Rule

Daily drawdown refers to the maximum loss a trader can incur in a single day:

• In the two-step challenge, the daily drawdown limit is 5% of the day’s starting balance.
• In the one-step challenge, the daily drawdown limit is 4% of the day’s starting balance.

3. Minimum Trading Days and Time Limits

• The minimum required trading days in each phase of the challenge is 5 days.
• For the funded account, the minimum required trading days is 10 days.
• Time Limit: All challenges and funded accounts have no time limits, meaning traders do not need to rush to achieve their profit targets.

 

Challenges as a Tool for Assessing Traders’ Skills

1. The Main Goal of FanFix Challenges

FanFix challenges are designed to evaluate the skills and discipline of traders. Unlike other platforms that focus on selling challenge tickets, FanFix’s priority is to identify disciplined and professional traders.

2. How Skills Are Evaluated in These Challenges

• Traders must prove that they can generate profits consistently.
• Following risk management rules, including daily and overall drawdown limits, is a key factor in evaluation.
• In the two-step challenge, traders must complete two phases with profit targets of 10% and 5%.
• In the one-step challenge, traders must achieve a 12% profit target directly.

 

The Roadmap to Receiving Funding from FeneFx

1. Challenge Stages and How to Pass Them

• Traders first register for either a one-step or two-step challenge.
• In the two-step challenge:
  • Phase 1: Traders must achieve 10% profit.
  • Phase 2: Traders must achieve 5% profit.
• In the one-step challenge:
  • Traders must achieve 12% profit.
• Upon successfully completing the challenge, traders gain access to the funded account.

2. FeneFx’s Support for Traders to Pass Challenges

• FanFix provides comprehensive training to prepare traders for capital and risk management.
• Analytical tools and expert consultations are available to assist traders.
• In case of failure, traders can participate in the next challenge with a 5% discount.

Discount Code: Fenestart