Forex firms comparator

Sublot 40, Level 3, Block A2, Saradise Kuching, Off Jalan Stutong, 93350, Kuching, Malaysia

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

Dixon Teo

Malaysia

Panama

2023

2025

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

• Forex Evaluation: Bi-weekly (every 14 calendar days). Instant first payout.
• Instant Funded X: Every 30 days.

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

No published maximum.

Instant Funded X: Greater of $100 or 1% of starting balance.

$50

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

Instant Funded X: Weekend flat fee add-on and up to 90% profit split add-on available.

Forex Evaluation (X-1 & X-2 Step)
6% static drawdown from starting balance. Does not trail.

Instant Funded X
8% trailing drawdown. Trails upward with account growth. Once 8% profit is achieved, drawdown locks permanently at starting balance. After withdrawal, drawdown permanently locks at original starting balance.

• 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
• 2-Step Pro: 8% static maximum drawdown.
• 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.

• Forex Evaluation: 80%
• Instant Funded X: 80% (up to 90% with add-ons)

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

Forex Evaluation & Instant Funded X: 5% daily max loss. Calculated from the higher of: prior day's end-of-day balance or equity. Resets at 5:00 PM EST.

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

• Forex: $400,000
• Instant Funded X: $100,000
• Max $1M in active evaluations per person
• Maximum one evaluation per specific account size and plan type simultaneously across all platforms

• Case-by-case. Only possible when multiple assessments of identical product tier, step, and platform are passed simultaneously.
• Not permitted across different platforms, steps, or rule sets.

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

No time limit. Infinite evaluation duration.

No maximum time limit.

0 minimum trading days across all plans.

• 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
• 2-Step Pro: No minimum trading days.
• 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.

Monthly competitions with free evaluation prizes.

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

• EAs are allowed, but third-party or off-the-shelf strategies marketed to pass challenge accounts are banned.
• Strategy switching between evaluation and funded phases is also prohibited.

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

• Hedging/reverse trades are permitted within a single account.
• Cross-account hedging is strictly prohibited.

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

• 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
• 2-Step Pro: No minimum holding time during evaluation or once funded.
• 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

• Only allowed if you own all accounts involved.
• Group trading, signal services, and mirror trading across multiple accounts are banned.

• Opening positions within 3 minutes before or after news events is prohibited.
• Violations may result in position closure, P&L removal, leverage reduction, or account breach.

Accounts with zero trading activity for 30 consecutive days are hard breached.

• Best trading day cannot exceed 45% of total profit target.
• If breached during evaluation, profit target adjusts upward.
• In funded phase, applies to withdrawal eligibility.
• Instant Funded X: No consistency rule.

• Forex Evaluation: Weekend holding allowed.
• Instant Funded X: All trades must be closed by 3:45 PM EST on Friday, or they are automatically closed (soft breach). Weekend holding add-on available.

• Exploiting pricing/latency errors
• Front-running trades
• Using non-public/insider information
• Arbitraging across company or third-party accounts
• News event trading (within 3 minutes before/after)
• Excessive leverage/"all-in" trades resembling gambling
• Group hedging/reverse trading across multiple accounts
• Third-party strategies marketed for challenge accounts
• Strategy switching between evaluation and funded phases

• Latency arbitrage, spike catching and tick manipulation
• Exploiting errors, price-feed delays or technical malfunctions
• HFT inconsistent with realistic retail trading
• Martingale, grid and all-in betting
• Hedging or arbitrage across accounts or firms
• Copy trading, replicated signals and self-copy trading
• Front-running and use of non-public information
• Market manipulation, order spamming and toxic flow
• Materially changing strategy after passing the evaluation
• Gambling behaviour, overleveraging or correlated position stacking