Clear rules. No surprises
FeneFX runs on full transparency. Every rule exists for a reason — and every trader deserves to know them before placing a single trade.
- Same rules in the contract as on this page
- Identical risk framework across phases
- Read once — trade with confidence
Rules by account type
- Phase 1 target: 10%
- Phase 2 target: 5%
- Daily drawdown: 5%
- Max drawdown: 12%
- Min. challenge trading days: 5
- Refund: 100%
- Time limit: None
- No profit target
- Min. days to withdrawal: 10
- Profit split: 80%
- Withdrawals: every Sunday
- Profit target: 12%
- Daily drawdown: 4%
- Max drawdown: 8%
- Min. challenge trading days: 5
- Refund: 100%
- Time limit: None
- No profit target
- Min. days to withdrawal: 10
- Profit split: 80%
- Withdrawals: every Sunday
- Live account from day one
- Daily drawdown: None
- Max drawdown: 5%
- Min. 10% profit target required for withdrawal
- Profit split: 50/50
- Min. real trading days: 5
General rules
Weekend holding
Holding positions from Friday through Monday is permitted.
Expert Advisors
Allowed only if the account type is EA and the EA isn't based on Martingale or unlimited-risk logic.
No cross-account hedging
Hedging between multiple FeneFX accounts is not permitted.
No copy trading
Copy trading from external accounts is not permitted.
No latency arbitrage
Latency arbitrage and tick-scalping strategies are not permitted.
Independent accounts
Each account must be traded independently.
High-risk strategy policy
Strategies that generate unlimited or escalating risk — Martingale, unprotected grids, and loss-based position sizing — are outside FeneFX's acceptable framework. This protects both the trader's account and the integrity of the funded capital.