Minimum Trading Days in Prop Firm
At FXCI, we understand that aspiring traders need clarity on the path to a funded account. A key aspect of our evaluation process is the concept of “minimum trading days,” which applies to certain challenge types. This requirement helps us assess a trader’s consistency and activity in the market. This article explains the minimum trading days rules for our different challenge types and how they affect your journey to becoming a funded trader.
FXCI Trading Challenges
We offer two distinct challenge types: the Boosted Challenge and the Unlimited Challenge. Each is designed to cater to different trading styles and risk preferences. The core difference lies in their structure and the minimum trading days requirement. The Boosted Challenge is a single-phase evaluation, while the Unlimited Challenge consists of two phases.
Here’s a table summarizing the key differences:
| Feature | Boosted Challenge | Unlimited Challenge |
| Phases | 1 | 2 |
| Minimum Trading Days | 3 (on the phase 1) | None |
| Profit Target (Phase 1) | 10% | 8% |
| Profit Target (Phase 2) | N/A | 5% |
| Maximum Daily Loss | 3% | 5% |
| Maximum Drawdown | 5% | 10% |
| Entry Fee | Higher | Lower |
| Profit Split | Up to 85% | Up to 85% |
Benefits of each challenge:
- Boosted Challenge: Faster evaluation, direct path to funding upon successful completion.
- Unlimited Challenge: Higher profit split potential, more flexibility in trading style due to no minimum trading days, two-step evaluation allows for adjustments in strategy.
Boosted Challenge Requirements
The Boosted Challenge has a minimum trading days requirement to ensure consistent engagement with the market. This requirement is 3 days.A trading day is counted when a trade is both opened and closed on the same day. If a trade is opened on one day and closed on another, it only counts as one active trading day.
For example, if you open a trade on Monday and close it on Wednesday, it counts as one active trading day. To meet the minimum requirement of, say, 3 trading days, you would need to have trades opened and closed on at least four separate days.
Unlimited Challenge Requirements
The Unlimited Challenge offers greater flexibility by removing the minimum trading days requirement. This allows traders to approach the evaluation at their own pace and implement longer-term trading strategies without the pressure of meeting daily activity targets. Traders can focus on achieving the profit target within the allocated time frame, regardless of the number of trading days involved.
FXCI Prop Firm Account Types
| Account Size | Boosted Challenge Fee | Unlimited Challenge Fee |
| $5,000 | $59 | $49 |
| $10,000 | $109 | $99 |
| $25,000 | $199 | $189 |
| $50,000 | $309 | $299 |
| $100,000 | $509 | $499 |
| $200,000 | $959 | $949 |
Why Minimum Trading Days Matter
The minimum trading days requirement in the Boosted Challenge serves a crucial purpose in our evaluation process. It helps us assess a trader’s consistency and ability to actively manage trades over multiple days. This reflects real-world trading scenarios where consistent engagement is often key to long-term success. It also helps us filter out traders who might rely on sporadic large wins rather than demonstrating consistent profitability. The minimum trading days rule, therefore, contributes to identifying traders who possess the discipline and skills necessary for sustained success in the markets. It ensures that funded traders are prepared to handle the demands of trading with larger capital and manage risk effectively over extended periods.
Position Sizing Recommendations
Determining the appropriate position size for each trade is crucial for managing risk. A common approach is to risk a fixed percentage of your account balance on any single trade, typically between 1% and 2%. For example, with a $10,000 account and a 1% risk tolerance, you wouldn’t risk more than $100 on a single trade. This helps protect your capital from significant drawdowns.
Managing Stop-Loss Orders
Stop-loss orders are essential for limiting potential losses. They automatically close your trade at a predetermined price level if the market moves against you. The placement of stop-loss orders should be based on your trading strategy and market conditions, considering factors like volatility and support/resistance levels.
Managing Take-Profit Orders
Take-profit orders work similarly to stop-loss orders, but they close your trade when a predetermined profit level is reached. Setting realistic take-profit targets is vital for securing profits and avoiding the temptation to hold onto winning trades for too long, potentially giving back gains.
Hedging Strategies at FXCI
FXCI allows hedging as part of its flexible trading rules. Hedging involves opening offsetting positions to reduce risk exposure. While hedging can be a useful tool, it’s important to understand the implications for margin usage and overall trading strategy. Consult our detailed trading rules for specific guidelines on hedging within FXCI challenges.
FAQ:
If you don’t meet the minimum trading days requirement in a Boosted Challenge, you will not pass the evaluation. The challenge fee is non-refundable, but you can purchase another challenge to try again.
Yes, holding trades over the weekend is permitted in FXCI challenges. However, be aware of potential gaps in market prices that can occur between Friday’s close and Monday’s opening. These gaps can impact your account balance and should be factored into your risk management strategy. All trades must be closed by Friday 3:45 pm EST.
FXCI provides a competitive profit split structure, offering up to 85% of the profits to traders after they successfully complete a challenge. The exact percentage depends on the specific challenge chosen.