Proprietary Trading Rules
1. Risk Management: The Foundation of Success
Effective risk management is the cornerstone of successful trading. At FxLive Capital, we emphasize the importance of disciplined trading practices. If you do not meet your profit targets within the specified timeframe, we offer flexibility by considering extensions or allowing you to retake the evaluation. Our goal is to support your growth as a trader.
2. Profit Targets and Account Types
We offer multiple account types tailored to suit different trading styles and experience levels. Each program is designed to help you demonstrate your trading skills and progress to a funded account.
a. X150 Boost+ Program
- Phase I:
- Objective: Test your trading skills and risk management capabilities.
- Profit Target: 10%
- Daily Drawdown: 5%
- Overall Drawdown: 10%
- Phase II
- Profit Target: 6%
- Daily Drawdown: 5%
- Overall Drawdown: 8%
b. Live FX Program
- Single-Phase Evaluation:
- Profit Target: 10%
- Daily Drawdown: 5%
- Overall Drawdown: 10%
c. Power Live Program
- Direct Funding: No evaluation phase required.
- Profit Target: None
- Overall Drawdown 10%
3. Trading Behavior and Strategies
We encourage traders to adopt a disciplined approach to trading. A well-defined trading plan, robust strategy, and strict risk management are essential for success. At FxLive Capital, we allow a variety of trading styles, including:
- News Trading
- Swing Trading
- Scalping
However, traders should exercise caution during high-volatility periods, such as major news events, to avoid unnecessary risks.
4. Instruments and Trading Hours
FxLive Capital provides access to a wide range of financial instruments, including:
- Forex
- Indices
- Cryptocurrencies
- Commodities
- Stocks
- CFDs
Note: Our product offerings may be updated periodically based on liquidity, margin requirements, and market conditions. Overnight and weekend trades are permitted, with cryptocurrencies being the only instruments tradable on weekends.
5. Expert Advisors (EAs)
We support the use of Expert Advisors (EAs) to automate your trading strategies. However, the following practices are strictly prohibited:
- Latency arbitrage
- Reverse arbitrage
- Gap trading
- High-frequency trading (HFT)
- Opposite account trading
Any violation of these rules will result in trade adjustments, account suspension, or termination. Traders using EAs are encouraged to share their source code for review.
6. Profit Split
We reward your success with competitive profit splits across our programs:
- X150 Boost+: 75% profit split after the first month of trading a funded account.
- Live FX: Fixed 75% profit split throughout the trading cycle.
– Power Live: 95% profit split with weekly withdrawals available.
7. Drawdown Limits
To ensure disciplined trading, we enforce the following drawdown limits:
- X150 Boost+
- Daily Drawdown: 5% of starting equity.
- Overall Drawdown: 10%.
- Live FX
- Daily Drawdown: 5% of starting equity.
- Overall Drawdown: 10%.
- Power Live
- Overall Drawdown: 10%.
Breaching these limits will result in account termination.
8. Trading Days Requirement
Traders are required to execute trades on a minimum of 3 days within their trading cycle to maintain account activity.
9. Losses and Liability
At FxLive Capital, traders are not liable for losses incurred on funded accounts. However, we strongly encourage adherence to sound risk management practices and a well-defined trading plan to maximize success.
10. Account Security
Traders are responsible for safeguarding their account credentials. FxLive Capital does not reinstate accounts compromised due to unauthorized access or sharing with third parties. In the event of a security breach, contact our support team immediately for assistance and security protocol guidance.
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