FlexyTrade Help Center
  • Welcome to FlexyTrade Help Center
  • ⚙️Getting started
    • About FlexyTrade
    • Sign up
    • Our Plans
    • The ‘One Time’ Payment System
    • Available Payment Methods
    • Can I have multiple accounts?
    • Refund Policy
    • General FAQ
  • 🔗Connections and Platforms
    • System Requirements
    • Tools to Get Started with FlexyTrade
    • Supported Data Feed Providers
    • Supported Trading Software
    • R|Trader Pro Connection Guide
    • Quantower Connection Guide
    • Connections & platforms FAQ
  • 🚀Challenge Step
    • What are the rules to follow?
      • Trailing Drawdown
      • Overnight Trading Positions
      • Allowed number of contracts
      • Available trading instruments
      • Market Data and Market Depth
      • Futures Market
      • Trading Hours
      • Commission Rates
    • Am I allowed to copy trade on multiple challenges accounts?
    • Requirements to pass the Challenge
    • I reached the target, What's next?
    • What are the identification documents I need to submit to complete my account validation?
    • Challenge step FAQ
  • 💲Performance Accounts Step & Payout
    • What are the rules to follow for the Performance account ?
    • Payout Policy
    • Withdrawal Schedule
    • Consistency Rule
    • Available Payout Methods
    • Independent Contractor Status
    • Performance accounts & payout FAQ
  • InstaFunded Accounts
    • Pricing
    • What are the trading rules for the Trailing InstaFunded Accounts?
    • What are the trading rules for the EOD InstaFunded Accounts?
    • Payout Policy
    • Consistency Rule
  • Hedging and Prohibited Actions
    • Understanding Dollar-Cost Averaging (DCA) in Trading
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  1. Challenge Step

Challenge step FAQ

PreviousWhat are the identification documents I need to submit to complete my account validation?NextPerformance Accounts Step & Payout

Last updated 8 months ago

Do you have a daily loss limit ?

Nope, there’s no daily loss limit.

Can I open the maximum contracts from the get go?

Absolutely! You can open the maximum number of contracts right away. While it’s recommended to follow a scaling plan, it’s not mandatory.

What is FlexyTrade’s drawdown type?

FlexyTrade uses the trailing drawdown as the main Risk Management parameter.

What exactly is the trailing drawdown?

A trailing drawdown is a risk management feature that adjusts the maximum allowable loss limit upwards as the equity in your trading account increases.

It "trails" your highest account balance, ensuring that the drawdown limit increases with successful trades but does not decrease with unsuccessful ones. This allows you to secure profits while limiting losses, providing a dynamic way to manage risk as the account balance grows.

How can I monitor my trailing drawdown?

You can monitor your trailing drawdown directly from your RTrader Pro or on your FlexyTrade dashboard. Check for more details.

What are the minimum and maximum trading days to pass the challenge?

There are no set minimum or maximum trading days, but we do ask that you remain an active trader. Please keep in mind that we do not allow purchases of a challenge solely to get access to Market Data and trading platform license.

Can I leave an open position overnight?

No, you cannot leave an open position overnight; overnight positions are not allowed.

I passed the challenge step, What's next?
Is copy trade allowed on the challenge account?

Yes, you can copy trade on the challenge account and replicate your trades across up to 20 accounts.

How can I configure copy trade on my FlexyTrade?

Quantower offers an integrated feature that allows replication of your trades across multiple accounts.

Congratulations on passing the challenge step! You’ll receive your success certificate next. After that, just sign the agreement and pay the activation fees. You can complete these steps seamlessly by following the instructions provided in

🚀
this guide
this guide
.