Trading Rules
1.Recommendations
- 1. Develop a clear trading strategy: Before starting trading, define your goals, time frame and methodology. Follow your strategy and avoid impulsive decisions.
- 2. Manage risks: Set limits on losses and profits for each trade. Never risk more than a certain percentage of your capital per trade.
- 3. Keep your emotions under control: Trading can be emotionally stressful. Avoid trading under stress, fear, or greed.
- 4. Keep a trading journal: Record all your trades, including reasons for entry and exit, results and lessons. This will help you analyze your mistakes and improve your strategy.
- 5. Learn constantly: Financial markets are constantly changing. Follow the news, learn new techniques and strategies to stay up to date.
- 6. Discipline and consistency: Stick to your trading plan and do not deviate from it, even if it seems that the market offers other opportunities.
- 7. Use Stop Losses: Protect your capital by setting stop losses for each trade. This will help to minimize losses in case of unfavorable market movement.
- 8. Analyze the market: Conduct technical and fundamental analysis before opening positions. Understanding market conditions will help you make more informed decisions.
- 9. Be prepared for failures: Understand that losses are part of trading. Learn from your mistakes and use them as an opportunity for growth.
- 10. Take care of your health: Successful trading requires a clear mind and concentration. Make sure you get enough rest, eat right, and do physical activity. Following these rules will help you not only save capital, but also increase the chances of success in a prop company.
2.Trading Behaviour and Rules
Trading Behaviour and Rules We offer a 1-step Funding Stax assessment course, which is based on one stage of training that you need to complete in order to receive funding. To complete the assessment course, it is important that you have a dynamic trading system and a risk management profile. After reaching the profit target in Stage 1, the assessment stage will be manually checked by our risk management team. This verification process will be completed within two business days.
In case of violation of any of the rules mentioned in this section, all positions on the broker's platform will be immediately closed, the Client's account will be closed, and the right to payment will be canceled.
During the training phase, you should test your trading skills and define yourself as a trader. At the stage of a single-stage challenge, you must achieve the target profit level of 10%, without violating any other rules, and have at least 4 trading days.
The maximum daily loss limit is 4%. The maximum daily loss is the amount that a trader can lose every day. For the purposes of this rule, a higher value between equity and balance sheet will be used. This rule is set to equal 4% of the initial capital or balance each day. The rule states that the balance of the day, which is the result of the current floating PnL (profit and loss) in total with all closed positions for that day, should not exceed the maximum daily loss limit. The daily maximum loss is reset every day at 00:00 local time on the server.
The maximum loss limit is 6%. The maximum loss limit is the amount below which funds or balance cannot fall. This rule is set equal to 6% of the initial account size. For example, if a trader has an account worth $100,000 and the maximum loss limit is 6%, then equity or balance cannot fall below $94,000 at any time.
2.4.2. You are allowed to make deals during the news release and on weekends. Profits from transactions that were opened or closed 5 minutes before and after an important news event or speech on the affected currency will not be credited to the main account if the transaction was not completed 5 hours before the news event*. This restriction applies to all forms of trade execution, such as manual, pending orders, stop loss and take profit orders. During news appearances, the restricted window will be in effect 5 minutes before the performance and up to 5 minutes after the end of the performance. Trading on news events will result in the deduction of any profit earned from trades made during a limited 10-minute period.
Our system will automatically close affected transactions opened during the prohibited time period. We use Forex Factory as a news source. If any deductions result in exceeding the daily loss limit or the maximum loss limit, the trader is responsible for the violation. Read more about trading on the news in our FAQ section "Can I make trades during the news and on weekends?".
* Note: To help traders trading on fluctuations and at the same time prevent speculation on the news, trades opened 5 hours before an important news event are excluded and allowed to close during a prohibited time interval. The profit from these transactions will be calculated.
We do not support deliberate news trading, and this will lead to closure.
**2.5. The rule of a daily limit of 10 lots (only for major and only for minor violations).**
The 10 lots per day limit rule means that you can open a total of no more than 10 lots per day. If you exceed this limit, all open trades will be closed and you will not be able to trade until the next day. This limit is reset at midnight GMT. If your trades were opened at midnight, they are counted towards the next day's limit. This rule applies only to the Main Account and is not a serious violation. You will not lose your Main Account for exceeding the daily lot limit.
Trade the way you want. Use the "adviser", hold it during the news release, hold trades on weekends and trade as large lots as leverage allows, as long as it is not available: gap trading, high-frequency trading, spam to the server, delayed arbitrage, toxic trade flow, hedging, arbitrage of long and short positions, reverse arbitrage, tick arbitrage. scalping, server execution, trading on opposite accounts - all this is prohibited. In addition, trading copies or managing a third-party account is prohibited. Such actions using the points of replenishment of the account will lead to the closure of the account. Keep in mind that the use of a third-party expert is allowed if it is a trading advisor or a risk manager. The use of any other third-party expert is prohibited. This will result in the rejection of the assessment or payment and the closure of the account.
Remember! To get financing and grow as a trader, you must be able to trade and have the necessary set of skills.
3.Trading Instruments
You can trade Forex, Crypto, Index, Metals & Energies with RAW spreads and a commission of $2 per standard lot for a full turnover. Cryptocurrency is subject to a 0.025% commission on each side.
The leverage that will be applied to all accounts in the two-step model is:
- -Forex: 1:100
- -Metals: 1:30
- -Indexes: 1:20
- -Energy: 1:10
- -Crypto: 1:2
4.Account
After purchasing the challenge, the trader will immediately receive login credentials, changing account credentials is prohibited under any circumstances, if the trader changes the credentials, the account will be suspended. Funding Stax is constantly looking for experienced traders with whom you can grow in the long term, so it is important to be a trader. A trader cannot use signal panels, trade management services, or a copier for trading. The Funding Stax software constantly monitors the actions of traders, and violation of any rule will result in account suspension.
5.Payouts & Profit Split
5.1. The payment cycle and profit distribution.
The trader has the right to request a payout in accordance with the selected payout cycle upon receipt of a funded account with a profit split of up to 90%. It can be any payday, after verification by the Funding Stax team. Verification can take up to 5 business days.
6. Scaling Up
If the trader proves to be skillful, then a competitive scaling plan is the least we can offer as a token of appreciation. You can submit a request to increase your funded account by sending your request to support@fundingstax.com. Each application is considered individually. Funding Stax is interested in experienced, stable and motivated traders, so we can contact you ourselves and offer more favorable conditions for cooperation.
7.Refunds
All traders who have passed the challenge will receive a refund of their commissions along with the 2nd payment.
8.Inactivity
Any trading account that is inactive for 30 days will be automatically blocked.
9.IP Address
9.1 Matching IP addresses at the challenge stage and on the funded account
The region of your IP address(s) used to purchase the evaluation program to log in www.fundingstax.com at the evaluation stage, the main trading account must match and remain unchanged. If our risk management team detects a change in the region, they can contact you for confirmation and request proof.
9.2 The main account with an IP address
The region of your IP address(s) used to log in to the main account must remain unchanged. If our risk management team detects a change in the region, they can contact you for confirmation and request evidence such as a plane ticket, a stamp in your passport or a video recording from the scene. This measure is taken to protect you from third-party vendors. If you are planning a trip, please inform our support team in advance to keep us informed and prevent interference on our part..
1.Recommendations
- 1. Develop a clear trading strategy: Before starting trading, define your goals, time frame and methodology. Follow your strategy and avoid impulsive decisions.
- 2. Manage risks: Set limits on losses and profits for each trade. Never risk more than a certain percentage of your capital per trade.
- 3. Keep your emotions under control: Trading can be emotionally stressful. Avoid trading under stress, fear, or greed.
- 4. Keep a trading journal: Record all your trades, including reasons for entry and exit, results and lessons. This will help you analyze your mistakes and improve your strategy.
- 5. Learn constantly: Financial markets are constantly changing. Follow the news, learn new techniques and strategies to stay up to date.
- 6. Discipline and consistency: Stick to your trading plan and do not deviate from it, even if it seems that the market offers other opportunities.
- 7. Use Stop Losses: Protect your capital by setting stop losses for each trade. This will help to minimize losses in case of unfavorable market movement.
- 8. Analyze the market: Conduct technical and fundamental analysis before opening positions. Understanding market conditions will help you make more informed decisions.
- 9. Be prepared for failures: Understand that losses are part of trading. Learn from your mistakes and use them as an opportunity for growth.
- 10. Take care of your health: Successful trading requires a clear mind and concentration. Make sure you get enough rest, eat right, and do physical activity. Following these rules will help you not only save capital, but also increase the chances of success in a prop company.
2.Trading Behaviour and Rules
We offer a 1-step Funding Stax assessment course, which is based on one stage of training that you need to complete in order to receive funding. To complete the assessment course, it is important that you have a dynamic trading system and a risk management profile. After reaching the profit target in Stage 1, the assessment stage will be manually checked by our risk management team. This verification process will be completed within two business days.
In case of violation of any of the rules mentioned in this section, all positions on the broker's platform will be immediately closed, the Client's account will be closed, and the right to payment will be canceled.
During the training phase, you should test your trading skills and define yourself as a trader. At the stage of a single-stage challenge, you must achieve the target profit level of 10%, without violating any other rules, and have at least 4 trading days.
The practical stage is intended only to confirm the results of the training stage. During the practical stage, you must achieve a profit target of 5%, without violating any other rules, and have at least 4 trading days at your disposal.
The maximum daily loss is the amount that a trader can lose every day. For the purposes of this rule, a higher value between equity and balance sheet will be used. This rule is set to equal 5% of the initial capital or balance each day. The rule states that the balance of the day, which is the result of the current floating PnL (profit and loss) in total with all closed positions for that day, should not exceed the Maximum Daily Loss Limit. The daily maximum loss amount is reset at 00:00 GMT every day.
The maximum loss limit is the amount below which funds or balance cannot fall. This rule is set at 10% of the initial account size. For example, if a trader has an account worth $100,000, and the maximum loss limit is 10%, then at any moment the balance cannot fall below $ 90,000.
2.4.2. You are allowed to make deals during the news and on weekends. Profits from transactions that were opened or closed 5 minutes before and after an important news event or speech on the affected currency will not be credited to the main account if the transaction was not completed 5 hours before the news event*. This restriction applies to all forms of trade execution, such as manual, pending orders, stop loss and take profit orders. During news appearances, the restricted window will be in effect 5 minutes before the performance and up to 5 minutes after the end of the performance. Trading on news events will result in the deduction of any profit earned from trades made during a limited 10-minute period.
Our system will automatically close affected transactions opened during the prohibited time period. We use Forex Factory as a news source. If any deductions result in exceeding the daily loss limit or the maximum loss limit, the trader is responsible for the violation. Read more about trading on the news in our FAQ section "Can I trade during the news and on weekends?".
* Note: To help traders trading on fluctuations and at the same time prevent speculation on the news, trades opened 5 hours before an important news event are excluded and allowed to close during a prohibited time interval. The profit from these transactions will be calculated.
We do not support deliberate news trading, and this will lead to closure.
**2.5. The rule of a daily limit of 10 lots (only for major and only for minor violations).**
The 10 lots per day limit rule means that you can open a total of no more than 10 lots per day. If you exceed this limit, all open trades will be closed and you will not be able to trade until the next day. This limit is reset at midnight GMT. If your trades were opened at midnight, they are counted towards the next day's limit. This rule applies only to the Main Account and is not a serious violation. You will not lose your Main Account for exceeding the daily lot limit.
Trade the way you want. Use the "adviser", hold it during the news release, hold trades on weekends and trade as large lots as leverage allows, as long as it is not available: gap trading, high-frequency trading, spam to the server, delayed arbitrage, toxic trade flow, hedging, arbitrage of long and short positions, reverse arbitrage, tick arbitrage. scalping, server execution, trading on opposite accounts - all this is prohibited. In addition, trading copies or managing a third-party account is prohibited. Such actions using the points of replenishment of the account will lead to the closure of the account. Keep in mind that the use of a third-party expert is allowed if it is a trading advisor or a risk manager. The use of any other third-party expert is prohibited. This will result in the rejection of the assessment or payment and the closure of the account.
Remember! To get financing and grow as a trader, you must be able to trade and have the necessary set of skills.
3.Trading Instruments
You can trade Forex, Crypto, Index, Metals & Energies with RAW spreads and a commission of $2 per standard lot for a full turnover. Cryptocurrency is subject to a 0.025% commission on each side.
The leverage that will be applied to all accounts in the two-step model is:
- -Forex: 1:100
- -Metals: 1:30
- -Indexes: 1:20
- -Energy: 1:10
- -Crypto: 1:2
4.Account
After purchasing the challenge, the trader will immediately receive login credentials, changing account credentials is prohibited under any circumstances, if the trader changes the credentials, the account will be suspended. Funding Stax is constantly looking for experienced traders with whom you can grow in the long term, so it is important to be a trader. A trader cannot use signal panels, trade management services, or a copier for trading. The Funding Stax software constantly monitors the actions of traders, and violation of any rule will result in account suspension.
5.Payouts & Profit Split
5.1. The payment cycle and profit distribution.
The trader has the right to request a payout in accordance with the selected payout cycle upon receipt of a funded account with a profit split of up to 90%. It can be any payday, after verification by the Funding Stax team. Verification can take up to 5 business days.
6. Scaling Up
If the trader proves to be skillful, then a competitive scaling plan is the least we can offer as a token of appreciation. You can submit a request to increase your funded account by sending your request to support@fundingstax.com. Each application is considered individually. Funding Stax is interested in experienced, stable and motivated traders, so we can contact you ourselves and offer more favorable conditions for cooperation.
7.Refunds
All traders who have passed the challenge will receive a refund of their commissions along with the 2nd payment.
8.Inactivity
Any trading account that is inactive for 30 days will be automatically blocked.
9.IP Address
9.1 Matching IP addresses at the challenge stage and on the funded account
The region of your IP address(s) used to purchase the evaluation program to log in www.fundingstax.com at the evaluation stage, the main trading account must match and remain unchanged. If our risk management team detects a change in the region, they can contact you for confirmation and request proof.
9.2 The main account with an IP address
The region of your IP address(s) used to log in to the main account must remain unchanged. If our risk management team detects a change in the region, they can contact you for confirmation and request evidence such as a plane ticket, a stamp in your passport or a video recording from the scene. This measure is taken to protect you from third-party vendors. If you are planning a trip, please inform our support team in advance to keep us informed and prevent interference on our part..