ThorFX is proud to present our successful traders with a new Funded Account Challenge! This challenge tests your trading ability and rewards you with a funded account, allowing you to trade with zero risk of losing your capital!
Traders who pay an entry fee and complete the two initial steps of the challenge, meeting all the necessary criteria will gain access to a Live Trading Account which they will be able to benefit from 80% of any profits earned whilst trading.
We currently offer different account sizes to our customers.
You can choose the challenge of your preference from your dashboard.
The plans that are available at the moment are:
- $10k
- $25k
- $50k
- $100k
- $200k
Certain criteria need to be met for all challenges:
Stage 1 – Evaluation of your trading skills
Minimum 10 days of trading
Daily Loss/Drawdown* of 5%
Max Overall Loss of 15%
Consistency Rule: Your best trading day shall not exceed 40% of your overall profit target**
Stage 2 – Verification of your trading skills
8% Profit in 60 days
Minimum 10 days of trading
Max Daily Loss/Drawdown* of 5%
Max Overall Loss of 15%
Consistency Rule: Your best trading day shall not exceed 40% of your overall profit target**
*Maximum Loss/Drawdown (Equity) could be calculated by the following formula:
((Current Equity – End of Previous day Equity) / End of Previous day Equity) x 100
For example:
If your current equity is $10000 and the equity by the end of the previous trading day was $13000, it would indicate a daily Loss/Drawdown of -23%.
(($10000-$13000) / 13000 x 100 = – 23%
On the other hand, if your current equity is $15000 and the equity by the end of the previous trading day was $11000, it would reflect a daily profit of 20%.
(($12000-$10000) / $10000 x 100 = 20%
This limit will be reset at midnight MetaTrader Server Time* daily.
**Your best trading day shall not exceed 40% of your overall profit target.
This requirement helps us establish your trading skills. It demonstrates you’re a trader capable of generating consistent profits while managing risk efficiently, and not relying on pure luck.
If your best trading day is equal to or higher than 40% of your overall profits earned, you must keep on trading until your best trading day percentage is below 40%.
*MetaTrader Server Time
The MetaTrader server time can change between GMT+2 and GMT+3 due to daylight savings time adjustments. The top left corner of your MetaTrader account displays the current MetaTrader server time for your reference.
Before heading over to the final stage, our Trade Expert Team will look into your trading strategy and consistency.
You can keep track of your trading performance by the following evaluation criteria under the Challenge Accounts tab:
Profit Factor (Amount of profit per unit of risk).
Profit Factor = (Sum of profit from all winning trades) / (Sum of loss from all
losing trades)
Lots (Total lots traded throughout the challenge. Chart shows daily volume).
Average Loss (Average loss across all losing trades).
Average Win (Average win across all winning trades).
Win Rate (Ratio of winning trades to losing trades).
Average Trade Duration (Average amount of time spent in each trade).
You may sign up for your Challenge Dashboard by clicking/tapping here.
