Platform

Send us a message to [e-mail] if you cannot find your answer here - More FAQs to come

What Platforms Are Available?

FXGuys Trader will be the main platform available for live accounts however, MT5, cTrader and DXtrade will also be an option for those in certain jurisdictions. (more info provided in stage 4)

What is a Funding Challenge?

A funding challenge is a 1 or 2-phase process whereby prospective traders must trade on demo/simulated accounts and prove their profitability and risk management by hitting profit targets without breaching loss targets or breaching any trading rules. Your funding challenge will start from when you place your first trade on your account.

What is the profit target?

In order to pass your Funding Challenge you need to hit the specified profit targets usually between 5-10% depending on challenge type chosen.

What timeframe is allocated for completing the funding challenge phase?

There is no fixed time limit for completing the funding challenge phase at FX Guys. However, we require a minimum of three trading days (on a standard account) for each stage of the challenge to ensure traders have ample opportunity to demonstrate their skills and strategies. This approach allows traders the flexibility to operate within their own schedules while adhering to minimum activity requirements. Note; with our addons this can be adjusted to 1 trading day per stage.

What is the commission per standard lot?

FX Guys offers zero to low commission rates:

FX- $4

Indices - $0

Commodities - $4

Cryptocurrencies - $0

What is the Daily/Max Loss?

Daily/max loss indicates how much drawdown (loss) you can have on an account before the account is breached and closed. There is a Daily loss limit of 5% and a maximum loss limit of 10%. If either of these are breached then the account will be void. For example, on a $100,000 account if the account loses $5,000 in 1 day, or totals a $10,000 loss, then the account will be considered breached.

The Daily/Max loss limits can be adjusted for those who have a solid understanding of risk management with our addon.

What is the policy on account inactivity?

Our policy on account inactivity stipulates that accounts displaying no trading activity for a period exceeding 60 days may undergo review and are subject to possible suspension. Accounts inactive for a maximum duration of 90 days may face deletion.

How should I handle any taxes incurred whilst trading with FX Guys?

FX Guys are not tax advisors nor are we liable for any taxes that you may incur. We enter into partnership with our funded traders and not employment of them. Therefore traders are liable for their own tax implications. We recommend you to speak with your accountant or financial advisor about any tax related enquiries to ensure compliance with any tax regulations in your country/jurisdiction.