Your Maximum Drawdown limit is calculated as a static value off the beginning simulated capital deposited into your trading accounts and evaluations

The Daily Drawdown limit is calculated as a percentage of the previous ending day’s equity.  This means that if you end higher or lower than the previous day, you will have the same % Drawdown, but a different $ amount.

The drawdown levels in GlobalForexFunds are as follows:

• The maximum total loss allowed is 10%.
• The maximum daily loss permitted is 5%.

Our maximum drawdown is static, meaning that it remains constant regardless of your account balance fluctuations. The maximum allowable drawdown is set at 10% of the initial account balance. Consequently, your account balance or equity should never fall below 90% of the initial balance throughout your entire trading journey to ensure compliance with our rules. For instance, if you have a $100,000 account, your maximum allowable loss is $10,000. Even if your account balance increases to $110,000 due to profits, your drawdown limit remains at $90,000. Therefore, as long as your balance or equity (whichever is lower) remains above $90,000, you will not violate the overall drawdown rule.

There are no ongoing fees to use the platform.

We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To simulate trading conditions we include their commissions and optimized market conditions including spreads. 

Here: https://www.eightcap.com/en/trading-platforms/metatrader-4/download-metatrader-4-platform/

Once you transition to a live funded trader, you must engage in trading with us for a minimum of 30 days to qualify for your initial payout. After that, you can request bi-weekly payouts.

No, Global Forex Funds does not impose any time constraints on the assessment stage. Therefore, traders have an unlimited duration to successfully complete the challenge.

There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30-day trading period to make a withdrawal.

Yes, you are allowed to use EA’s and indicators, including tools for managing risk and automated trading systems. However, certain strategies are strictly prohibited in the funded stage:

-High-frequency trading (manually or using a bot)

-Hedge arbitrage trading

-Tick scalping

-Grid Trading

-Martingale

-One-sided betting

-Latency arbitrage trading

-Reverse arbitrage trading

-Copying trades from other traders

If any of these strategies are detected in your live account, it will be considered a violation of the rules and Global Forex Funds will terminate your account. 

The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.

GlobalForexFunds  was founded by experienced traders and liquidity risk managers. We see $200.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.

We classify our live traders as independent contractors. As such you invoice us for your earnings and must report this yourself to your relevant tax authority.

Yes, as we are on the lookout for individual traders and often make payouts to bank account for our live traders. As such accounts must be created in your own name. 

You must be 18 years or older to join this site. Due to regulatory conditions, we are unable to offer services with traders residing in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk or Luhansk regions of Ukraine), Somalia and Syria. The provision of services is not extended to individuals who appear on sanction lists, possess criminal records associated with financial crime, terrorism, or have been previously prohibited due to breach of contract, with no allowances.

As of 20th February 2024, residents of the United States are unable to purchase challenges on this site. US citizens residing outside the US who possess a valid resident ID may still continue to use the services.