Prop Rules
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
- Maximum profit share: 90%
- Withdrawals: daily
- Phase 1 target: 8%
- Phase 2 target: 4%
- Daily drawdown: 4%
- Max drawdown: 8%
- Floating risk: 2%
- Phase 1 time limit: 30 calendar days from activation
- Phase 2 time limit: 60 calendar days from activation
- Min. trading days per phase: 5
- Floating-risk breach in Phase 1: replacement Phase 1 account, 7 days added to the remaining deadline (counted from the replacement's activation)
- Floating-risk breach in Phase 2: replacement account from Phase 1, full 30-day deadline
- No profit target
- Time limit: None
- Min. days to withdrawal: 10
- Profit share: 70% → 80% → 90% (1st, 2nd, 3rd+ withdrawal)
- Floating-risk breach: no replacement, account terminated
- 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
- Maximum profit share: 90%
- Withdrawals: daily
- Live account from day one
- Daily drawdown: None
- Max drawdown: 5% trailing (locks at the initial balance from +5%)
- Floating risk: 3%
- Withdrawal from: +5% on balance
- Trader's share: 70%
- After a withdrawal: keep at least +1%
- Min. trading days: None
- Time limit: None
- KYC: at withdrawal
- Refund: None
- Withdrawals: daily
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.
Please note
This page contains only a summary of the trading rules. The complete, up-to-date version of all rules, terms and trading restrictions is available in your user panel and is the final reference for account evaluation and the handling of any issues.
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.
Rules questions
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