{quote} Is it so that you first have to trade your own $500 to get the edge score 50 and after that you get $5000 or do you get immediately the $5000?
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Yeah i talked to support you deposit 500 u get 5000 funding, but you need to trade for minimum 30 days and place 20 minimum trades, 0.01 lot trades counts too and if you lose 10% drawdown you will be invited back to seed phase that is 1 phase and you dont lose the 500$ that you deposit, even in you are in pro phase and you lose you can try again pro phase, if you lose second time you will get one phase behind and in 3rd you will be back to seed phase, this offer looks pretty interesting especially for long term and consistent traders, the only thing that is a meh is you need to wait the minimum days of each stage, seed phase is 30, second phase is 60 but other than that is pretty interesting
{quote} Yeah i talked to support you deposit 500 u get 5000 funding, but you need to trade for minimum 30 days and place 20 minimum trades, 0.01 lot trades counts too and if you lose 10% drawdown you will be invited back to seed phase that is 1 phase and you dont lose the 500$ that you deposit, even in you are in pro phase and you lose you can try again pro phase, if you lose second time you will get one phase behind and in 3rd you will be back to seed phase, this offer looks pretty interesting especially for long term and consistent traders, the...
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It takes you 270 days for that $1 million on funding and you need 4k to invest. That is exactly the money for challenge fees where you can get 1 million on funding within 30 or 60 days when you met their profit goals. So not really interesting (to me). But when it gets kind of regulated maybe all the brokers will have their own funding models, that would be quite interesting to see. But I fear again, that this will be more longterm orientated where you need to trade at least 6 to 12 months before you get any meaningful amount to trade with. Then compounding on personal account is just better. But if you can combine this with your personal account on your broker with those, that could be a good solution. Will see.
{quote} It takes you 270 days for that $1 million on funding and you need 4k to invest. That is exactly the money for challenge fees where you can get 1 million on funding within 30 or 60 days when you met their profit goals. So not really interesting (to me). But when it gets kind of regulated maybe all the brokers will have their own funding models, that would be quite interesting to see. But I fear again, that this will be more longterm orientated where you need to trade at least 6 to 12 months before you get any meaningful amount to trade with....
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Yeah i hope other brokers offer funded programs, for me the only negative point about axi program was the minimum days that is too long, maybe the reduce this in the future who knows
I'm really stoked. I talked to chat. They said as long as you make the 5% required for each level, you can deposited the rest to bring it to the max for that level (or you can trade your way to the next level). That means with 4K deposit and 5 times reaching 5% in each level, you get to max funding of 1 mil with 90% profit split. That's my understanding anyway.
{quote} Yeah i talked to support you deposit 500 u get 5000 funding, but you need to trade for minimum 30 days and place 20 minimum trades, 0.01 lot trades counts too and if you lose 10% drawdown you will be invited back to seed phase that is 1 phase and you dont lose the 500$ that you deposit, even in you are in pro phase and you lose you can try again pro phase, if you lose second time you will get one phase behind and in 3rd you will be back to seed phase, this offer looks pretty interesting especially for long term and consistent traders, the...
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Thanks. Sounds interesting. Maybe not as good as the current prop firm challenges but that's the price you have to pay for trading with a regulated broker which has been around for many years.
{quote} I'm really stoked. I talked to chat. They said as long as you make the 5% required for each level, you can deposited the rest to bring it to the max for that level (or you can trade your way to the next level). That means with 4K deposit and 5 times reaching 5% in each level, you get to max funding of 1 mil with 90% profit split. That's my understanding anyway.
{quote} It takes you 270 days for that $1 million on funding and you need 4k to invest. That is exactly the money for challenge fees where you can get 1 million on funding within 30 or 60 days when you met their profit goals. So not really interesting (to me). But when it gets kind of regulated maybe all the brokers will have their own funding models, that would be quite interesting to see. But I fear again, that this will be more longterm orientated where you need to trade at least 6 to 12 months before you get any meaningful amount to trade with....
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Please check with chat about waiting 270 days. From what I understood, if you make 5% in a day and you add the rest in form of deposits, you advance to next level. So, if you make 5% a day and top it up with your own cash, you get 1 mil next week? Please check and confirm. Thx
Seems too good to be true. It says Stage Duration (Min days) for each stage 30/60/60/60/60/unlimited. That's confusing.
I took it that the the 'stage durations' are time limits given to make 5%. So, if it takes you longer, what happens? I don't know. Maybe you have to start the level all over again?
{quote} Thanks. Sounds interesting. Maybe not as good as the current prop firm challenges but that's the price you have to pay for trading with a regulated broker which has been around for many years.
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the only negative thing is just the minimum days of stages besides that is awesome offer, especially for long term traders
{quote} Please check with chat about waiting 270 days. From what I understood, if you make 5% in a day and you add the rest in form of deposits, you advance to next level. So, if you make 5% a day, you get 1 mil next week? Please check and confirm. Thx
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No you still have to wait the minimum days anyway, because you deposit 500 you make 5% and for next stage you need 1k minimum equity, if u deposit 500 make 5% you have 550 equity, you can deposit the 450 or profit the rest to meet 1000 minimum equity for stage 2
{quote} Please check with chat about waiting 270 days. From what I understood, if you make 5% in a day and you add the rest in form of deposits, you advance to next level. So, if you make 5% a day and top it up with your own cash, you get 1 mil next week? Please check and confirm. Thx Seems too good to be true. I took it that the the 'stage durations' are time limits given to make 5%. So, if it takes you longer, what happens? I don't know. Maybe you have to start the level all over again?
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Its not time limits is minimum days you have to the stage before going next phase, you need always to start from seed phase, let me explain, you deposit 500 make 5%, place 20 trades u can place 0.01 lots it counts too, and wait 30 days, so you can make 5% in one day place 19 trades of 0.01 trades but need to wait one month to go stage two and have 1000 equity or deposit
{quote} Please check with chat about waiting 270 days. From what I understood, if you make 5% in a day and you add the rest in form of deposits, you advance to next level. So, if you make 5% a day and top it up with your own cash, you get 1 mil next week? Please check and confirm. Thx Seems too good to be true. I took it that the the 'stage durations' are time limits given to make 5%. So, if it takes you longer, what happens? I don't know. Maybe you have to start the level all over again?
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Here you can see minimum equity or deposit for each stage and minimum days
And the best part for me is, if you lose the stage you can repeat it but in the previous stage and you dont lose the deposit, if you lose you can still trade your deposit in the broker as a normal account
