Trading challenges are an innovative way for traders to showcase their skills, discipline, and strategy. FXCI offers a range of trading challenges designed to help traders prove their abilities and gain access to funded accounts. This comprehensive guide provides detailed insights into the different challenge formats, rules, platforms, and user experiences.
Types of FXCI Trading Challenges
FXCI offers two main types of trading challenges: the Unlimited Challenge and the Boosted Challenge. Each challenge type has distinct features and requirements tailored to different trading styles and goals.
- The Unlimited Challenge provides a comprehensive trading experience with a focus on maximizing profits and effective risk management.
- The Boosted Challenge, on the other hand, offers a faster route to a funded account with a single evaluation phase.
Programs and Prices
| Account Size | Unlimited Challenge Fee | Boosted Challenge Fee |
| $5,000 | $49 | $59 |
| $10,000 | $99 | $109 |
| $25,000 | $189 | $199 |
| $50,000 | $299 | $309 |
| $100,000 | $499 | $509 |
| $200,000 | $949 | $959 |
Unlimited Challenge (2-Step Challenge)
| Category | Phase 1 | Phase 2 | Funded Trader |
| Trading Period | No limit | No limit | No restrictions |
| Minimum Trading Days | 0 | 0 | N/A |
| Max Daily Loss | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | N/A |
| Leverage | 1:100 | 1:100 | 1:100 |
| Profit Target | 10% | 5% | N/A |
| Profit Split | N/A | N/A | 85% |
Boosted Challenge (1-Step Challenge)
| Category | Phase 1 | Funded Trader |
| Trading Period | No limit | No restrictions |
| Minimum Trading Days | 4 | N/A |
| Max Daily Loss | 3% | 3% |
| Max Drawdown | 5% | 5% |
| Leverage | 1:100 | 1:100 |
| Profit Target | 10% | N/A |
| Profit Split | N/A | 60% |
Requirements and Rules
FXCI’s trading challenges are designed to be accessible and flexible, allowing traders to use various strategies and techniques. Below are the general rules applicable to all challenges:
– Copy Trading: Allowed
– Trading During Big News: Allowed
– Martingale Strategy: Allowed
– Hedging: Allowed
– No Stop Loss Requirement: No mandatory stop loss
– No Weekend Trading: All trades must be closed by 3:45 PM EST on Friday
Platforms for Trading Challenges
FXCI supports multiple trading platforms, allowing traders to select the one that best matches their preferences and trading style. The popular platforms supported by FXCI include:
- YFT: Known for its incredibly user-friendly interface, YFT simplifies the trading process, making it effortless to place trades and manage accounts efficiently.
- cTrader: Recognized for its intuitive interface and advanced charting capabilities, cTrader provides a comprehensive suite of tools for traders seeking detailed market analysis and streamlined trading operations.
Getting Started
To begin your journey with FXCI, follow these steps:
- Register: Select an evaluation challenge with funding options up to $200,000.
- Complete the Challenge: Meet your trading targets and succeed in the challenge.
- Receive Your Funded Account: Obtain your funded trading account and earn up to 85% of the profits.
- Withdraw Your Earnings: Request withdrawals starting from $100, available every 14 days.
User Opinions and Common Issues
FXCI has received positive feedback from many traders who appreciate the flexibility and opportunities provided by the challenges. However, some common issues and concerns include:
User Opinions
– Positive Feedback: Many traders praise FXCI for its supportive environment and the opportunity to access significant funding.
– Challenges: Some traders find the evaluation process demanding but acknowledge that it helps improve their trading discipline and skills.
Common Issues
– Evaluation Stress: The pressure to meet profit targets and avoid drawdowns can be stressful for some traders.
– Platform Familiarity: New traders might need time to get accustomed to the trading platforms supported by FXCI.
Challenge Formats
- Demo Tournaments
- Duration of 1 to 4 weeks
- Trading on demo accounts with a fixed initial balance
- Main prize: real funding from $10,000 to $50,000
- Qualifying Batches
- Long-term challenges over 2-3 months
- Practice on randomly generated demo accounts
- Prize funding depends on trading results
- PnL Initiatives
- Targeted profitability within a set period
- Prize funding determined by a formula
- Strict risk management and trading rules apply
Requirements and Rules
To participate in trading challenges, the following requirements must be met:
- Complete verification with FXCI through the KYC procedure
- No violations or penalties on your trading accounts
- Payment of a registration fee (if applicable)
- Acceptance of the competition’s rules and conditions
Main Trading Rules for All Challenges:
- Arbitrage, EAs, scalping, and manipulation are prohibited
- Standard trading conditions and leverage are used
- Position opening in accordance with FXCI’s risk management
- Verification of trading style, maintaining a journal, and detailed reports
- Disqualification for trading abuses and violations
Higher-level challenges have additional requirements and restrictions.
Prizes and Funding
The prize pool in challenges varies and includes:
- Funding for a trading account from $10,000 to $80,000
- Income generation as a proportional percentage of profits
- Large cash prizes (up to $50,000+) for top traders
- Comprehensive educational programs, mentoring, and resources
- Internships at FXCI offices and employment opportunities
The complete list of prizes depends on the format and level of the competition. Details are announced before the start of the challenge.
Winners of lower-level challenges often gain the opportunity to participate in Batches and higher-level tournaments with larger prize pools.
Types of FXCI Trading Challenges
| Challenge Type | Description |
| Demo Tournaments | Short-term competitions lasting 1-4 weeks on demo accounts with a fixed starting balance. The main prize is real funding. |
| Qualifying Batches | Long-term challenges over 2-3 months on randomly generated demo accounts. The size of the prize funding depends on trading results. |
| Target PnL Initiatives | Achieving a specified target profitability over a set period. Prize funding is calculated based on the results shown. |
| Preliminary Rounds | A series of qualifying rounds leading to the main final with a larger prize pool and conditions. |
| Thematic Contests | Challenges with a narrow focus on specific markets, strategies, types of analysis, etc. |
The format and requirements of each competition are announced in detail in advance before it begins.
Platforms for Trading Challenges
To ensure fair and transparent trading competitions, FXCI uses the following platforms:
Main Platform:
- Modern trading platform MetaTrader 5
- A demo account is provided with the necessary trading instruments
- Generation of reports on trades and positions for verification
Auxiliary Systems:
- Proprietary monitoring and audit collection system
- Tools for decision analysis and trader psychology
- Chatbots and communication tools for easier communication
Real Trading Accounts:
- * Real accounts are provided for participants in the final rounds at the highest level
- * Allow testing of skills in live trading conditions
- * Risk control algorithms and authenticity verification of operations are used
The technological infrastructure of trading challenges ensures fair assessment and monitoring of participants.
Jury and Oversight Committee
| Jury and Observers | Roles and Tasks |
| Professional traders with years of experience and achievements | – Evaluation of participants’ trading activities |
| Risk management experts and quality control specialists | – Ensuring compliance with risk management rules and discipline |
| Leading analysts of stock and currency markets | – Expert analysis of strategies and trading decisions |
| Independent observers and technical support | – Monitoring the fairness and transparency of the process |
| Evaluation Criteria | Description |
| Adherence to strategy and rules | Following the declared trading strategy and challenge conditions |
| Decision-making in trading | Effectiveness in opening/closing positions and order management |
| Risk management and discipline | Risk control, conservatism, adherence to rules |
| Financial results | Achieved profitability, stability, and consistency |
Scores are assigned based on a points system. The opinions of the jury and independent observers are considered in the final verdict.
Due to strict and impartial judging, FXCI trading challenges are truly objective and prestigious competitions
Conclusion
The FXCI Trading Challenge provides a structured and rewarding path for traders to prove their skills and gain access to substantial funding. With its flexible rules, supportive environment, and multiple challenge formats, FXCI caters to a wide range of trading styles and goals.
By understanding the requirements and leveraging the available tools, traders can successfully navigate the challenges and enhance their trading careers. Whether you choose the Unlimited Challenge or the Boosted Challenge, FXCI offers a robust platform to showcase your trading prowess and achieve financial success.
FAQ
Yes, if you meet the requirements for each. But be mindful of time constraints.
You can appeal by stating your position. The decision will be reviewed by the committee.
The use of software beyond the trading platform is prohibited. Reports are generated using built-in tools.
Active participation in trading challenges is one of the best ways to prove yourself and receive funding from FXCI. Follow the rules!
Active participation in trading challenges is one of the best ways to prove yourself and receive funding from FXCI. Follow the rules!