Tradexprop’s Two-step Evaluation X provides traders the opportunity to manage account sizes ranging from $5,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Evaluation X allows you to trade with up to 1:50 leverage.
Tradexprop’s Two-Step Evaluation X: What Does it Offer?
Let’s explore:
- Evaluation phase one requires a trader to reach a profit target of 8%. Traders should not surpass their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to phase two, you have to reach the 8% profit target. But you should not breach the maximum daily or maximum loss limit rules.
- Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to funded status, you have to reach the 4% profit target without breaching the maximum daily or maximum loss limit rules.
By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 8% maximum loss rules. Your first payout can be on day one if you manage to generate a profit, while all other withdrawals can be submitted on a monthly basis. Your profit split will be 80% based on the profit you make on your funded account.
Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news.
So, if you think this is the one, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.
