Challenge Simplex
| Account Info | Phase 1 | Funded |
|---|---|---|
Time Limit You can trade without a time limit at any stage, as long as you do not violate the inactivity rules. | No Limit | No Limit |
Minimum Trading Days For example, in the evaluation process, achieving the profit target requires at least 3 open positions on 3 different days. | 3 Days | 3 Days |
Quick Goal Bonus If you reach the Funded stage within six days, you can choose between two exceptional bonuses. You decide whether we increase your base account balance by 10% or increase the Daily Loss by 1%. | No | No |
Maximum Daily Loss Within a trading day (according to broker time), the loss from open and closed positions must not exceed 4% of the account's opening balance. | 4% | 4% |
Maximum Drawdown (Trailing) The trailing drawdown is based on the amount of the initial account balance and cannot exceed 6% of the initial account balance. It increases when the trading balance is positive but does not decrease when the trading balance is negative. That means that if you increase your profit by $1.00, then your trailing drawdown will also rise by $1.00. If the trailing drawdown reaches the initial account balance, it gets locked there and does not move further. At this point, the maximum drawdown point closes, and upon achieving profit, the trader can further increase the drawdown. For more information, check the Maximum Trailing Drawdown FAQ page. | 6% | 6% |
Profit Target In the challenge phase, your profit should reach 10% of your opening account, after which you can progress to the Funded phase. | 10% | No |
Profit Split The Profit Split increases from 80% to 85% after the first Scaling. In case of an add on purchase, the profit sharing increases to 90%. | 80% | 85% with Scaling | |
Trading Leverage By default, we provide the following leverage: Forex pairs: 1:30; Gold: 1:10; Indices: 1:10; Oil: 1:5; Digital Currency: 1:1. | 1:30 | 1:30 |
Weekend Holding The trades can be kept open on weekends. | Yes | Yes |
News Trading News trading is not allowed on the Simplex account. You cannot open a position 3 minutes before and 3 minutes after the news. | No | No |
Expert Advisors The use of robots (EAs) are only allowed in the Funded phase. For more information and conditions, check Automated Strategies FAQ page. | No | Yes |
Scaling Plan The scaling plan gives you the opportunity to increase your account up to a capital allocation of €2.5 million. For more information, you can read more here. | Yes | |
First Payout In the Funded phase, you are eligible to receive your first payout after 30 days have passed since your first opened trade. The minimum payout is $500. | 30 days after the first trade | |
Subsequent Payout Profit withdrawals are possible every two weeks. | Biweekly | |
Reset Discount If you break a rule and because of this, we close your account, you will receive a 10% discount code by email and you can start again in one of the challenges. | 10% | 10% |
Refund You are not entitled to a refund in this challenge. | No | No |
Challenge Duplex
| Account Info | Phase 1 | Phase 2 | Funded |
|---|---|---|---|
Time Limit You can trade without a time limit at any stage, as long as you do not violate the inactivity rules. | No Limit | No Limit | No Limit |
Minimum Trading Days For example, in the evaluation process, achieving the profit target requires at least 3 open positions on 3 different days. | 3 Days | 3 Days | 3 Days |
Quick Goal Bonus If you reach the Funded stage within six days, you can choose between two exceptional bonuses. You decide whether we increase your base account balance by 10% or increase the Daily Loss by 1%. | 3 Days | 3 Days | Yes |
Maximum Daily Loss Within a trading day (according to broker time), the loss from open and closed positions must not exceed 4% of the account's opening balance. | 5% | 5% | 5% |
Maximum Drawdown (Absolute) The account balance and equity level must not go below the percentage or amount set by the Absolute Drawdown. For more information, check the Maximum Trailing Drawdown FAQ page. | 10% | 10% | 10% |
Profit Target In the challenge and evaluation phase, your profit should reach 8% and 6% of your opening account, and then you can move on to the Funded phase. | 8% | 6% | No |
Profit Split The Profit Split 80%. In case of an add on purchase, the profit sharing increases to 90%. | 80% | ||
Trading Leverage By default, we provide the following leverage: Forex pairs: 1:50; Gold: 1:10; Indices: 1:10; Oil: 1:5; Digital Currency: 1:1. | 1:50 | 1:50 | 1:50 |
Weekend Holding The trades can be kept open on weekends. | Yes | Yes | Yes |
News Trading We allow news trading in the evaluation process, but not in the Funded phase. You cannot open a position 3 minutes before and 3 minutes after the news. | Yes | Yes | No |
Expert Advisors The use of robots (EAs) are allowed. For more information and conditions, check Automated Strategies FAQ page. | Yes | Yes | Yes |
Scaling Plan The scaling plan gives you the opportunity to increase your account up to a capital allocation of €2.5 million. For more information, you can read more here. | Yes | ||
First Payout In the Funded phase, you are eligible to receive your first payout after 30 days have passed since your first opened trade. The minimum payout is $500. | 30 days after the first trade | ||
Subsequent Payout Profit withdrawals are possible every two weeks. | Biweekly | ||
Reset Discount If you break a rule and because of this, we close your account, you will receive a 10% discount code by email and you can start again in one of the challenges. | 10% | 10% | 10% |
Refund You will get the fee refunded with the third profit withdrawal. | No | No | Refund with third Payout |
Challenge Triplex
| Account Info | Phase 1 | Phase 2 | Phase 3 | Funded |
|---|---|---|---|---|
Time Limit You can trade without a time limit at any stage, as long as you do not violate the inactivity rules. | No Limit | No Limit | No Limit | No Limit |
Minimum Trading Days For example, in the first phase, to achieve the profit target, at least 2 open positions are required on 2 different days. | 2 Days | 2 Days | 2 Days | 3 Days |
Quick Goal Bonus If you reach the Funded stage within six days, you can choose between two exceptional bonuses. You decide whether we increase your base account balance by 10% or increase the Daily Loss by 1%. | 2 Days | 2 Days | 2 Days | Yes |
Maximum Daily Loss Within a trading day (according to broker time), the loss from open and closed positions must not exceed 4% of the account's opening balance. | 5% | 5% | 5% | 5% |
Maximum Drawdown (Absolute) The account balance and equity level must not go below the percentage or amount set by the Absolute Drawdown. For more information, check the Maximum Trailing Drawdown FAQ page. | 8% | 8% | 8% | 8% |
Profit Target In the evaluation phases, the profit should reach 6%-5%-4% of the opening account, and then you can proceed to the Funded phase. | 6% | 5% | 4% | No |
Profit Split The Profit Split increases from 80% to 85% and then to 90% after Scaling. In case of an add on purchase, the profit sharing increases to 90%. | 80% | 90% with Scaling | |||
Trading Leverage By default, we provide the following leverage: Forex pairs: 1:50; Gold: 1:10; Indices: 1:10; Oil: 1:5; Digital Currency: 1:1. | 1:50 | 1:50 | 1:50 | 1:50 |
Weekend Holding The trades can be kept open on weekends. | Yes | Yes | Yes | Yes |
News Trading We allow news trading in the evaluation process, but not in the Funded phase. You cannot open a position 3 minutes before and 3 minutes after the news. | Yes | Yes | Yes | No |
Expert Advisors The use of robots (EAs) are only allowed in the Funded phase. For more information and conditions, check Automated Strategies FAQ page. | Yes | Yes | Yes | Yes |
Scaling Plan The scaling plan gives you the opportunity to increase your account up to a capital allocation of €2.5 million. For more information, read more here. | Yes | |||
First Payout In the Funded phase, you are eligible to receive your first payout after 30 days have passed since your first opened trade. The minimum payout is $500. | 30 days after the first trade | |||
Subsequent Payout Profit withdrawals are possible every two weeks. | Biweekly | |||
Reset Discount Due to the low prices of the Triplex package, we no longer offer a restart discount. | No | No | No | No |
Refund You are not entitled to a refund in this challenge. | No | No | No | No |
Prohibited Activities & Limitations
Hexa Prop strictly prohibits fraud and abuse, as it is contrary to the Terms of Service accepted at registration. Please read the Terms and Conditions carefully and also familiarize yourself with the following guidelines.
1. Number of Accounts
2. News Trading
3. Weekend Holding
Hexa Prop allows you to keep positions open at the weekend during, but you should be aware of the risks involved.
Formation of Gaps
Stock exchanges are closed on Saturday and Sunday, so there are no quotes and no trading. However, during these two days, there may be events occuring that could trigger strong reactions on the markets. In such cases, there could be a significant gap at the start of trading on Monday.
If you are lucky, this move will be in the direction of your position, but if not, it could even take the balance over the stop-loss level and into a significant negative floating loss. If such a loss exceeds the allowed, daily loss limit, the system will deactivate the account.
Important! Hexa Prop is not able to pay out profits resulting from extreme gaps occurring over the weekend.
4. Widening the Spread
Spreads widen on all instruments at the weekend, which means that the distance between the Ask price and the Bid price will be wider.
Since the ask price will be higher on the weekend, this may close out the open short position as it reaches its stop-loss level. Therefore, we recommend that you watch out for the spreads over the weekend before leaving a position open for the weekend.
5. Notice on the Use of Expert Advisors (EA) in the Hexa Prop System
Hexa Prop permits the use of Expert Advisors (EA), but under strict conditions.
It is prohibited to use any trading strategy that is expressly forbidden by the Company or its Liquidity Providers. Such prohibited trading includes, but is not limited to, the following:
- Third-party EAs are prohibited. Only custom-developed trading robots are allowed to participate in trading activities. Using any third-party strategy, ready-made strategy, or any strategy designed specifically to pass challenge accounts successfully.
- Group usage of identical EAs among different users is strictly prohibited. If our monitoring system detects that the same EA is being used by multiple traders, it will be classified as a Hard Breach. This will result in the immediate closure of the affected accounts. Profits generated from such prohibited activities will not be paid out.
- Exploiting pricing errors or delays provided by the Liquidity Provider.
- Any trading method that jeopardizes the relationship between the Company and the Liquidity Provider or could lead to trade cancellations.
- Any trading method that causes regulatory issues for the Liquidity Provider.
- Using one strategy in the evaluation stage and then switching to a different strategy in the funded account.
- Attempting arbitrage between an evaluation account and another account, either with the Company or any third-party company, as determined at the Company’s discretion.
- Additional prohibited EA strategies include:
- Copy/reverse copy trading
- Latency arbitrage
- HFT (High-Frequency Trading) and scalping strategies
If the Company determines that your trading constitutes Prohibited Trading, your participation in the program will be terminated, and any fees paid may be forfeited. Additionally, before any Trader is granted a Funded account, the Trader’s trading activity will be reviewed by the Company and the Liquidity Provider, in accordance with these Terms, to determine whether the trading activity constitutes Prohibited Trading. In the event of Prohibited Trading, the Trader will not receive a Funded account.
Please ensure that all your trading activities and EA usage comply with the above guidelines on the Hexa Prop platform!
6. High-Frequency Trading (HFT)
Not allowed.
High-frequency trading (HFT) is characterised by the use of sophisticated computer algorithms and high-speed telecommunication networks. These algorithms force the IT system to execute transactions within milliseconds, which can cause a serious slowdown or even a complete system freeze. Therefore, HTF trading on Hexa Prop accounts is not allowed and will result in the immediate closure of the offending account.
7. Hyperactivity
Hyperactivity is the excessive trading activity of a trader. This means that the account is executes transactions too frequently and quickly in a short period of time. This includes frequent changes to orders, such as changing stop-loss or take-profit levels and updating limit orders.
Why is hyperactivity limited on Hexa Prop accounts? The reason is the same as why we do not allow HFT trading. The primary reason is that excessive activity can cause the trading platform to slow down, or in extreme cases, even freeze or crash the entire system. This can also result in delayed trade execution for other traders, which is extremely frustrating and unfair.
In order to ensure that all our traders trade in a balanced way, we do not allow hyperactive trading and we take measures to avoid it. We call a trade hyperactive if the number of trades in a day exceeds 100 open trades or 1 000 transactions. This number includes messages related to frequent changes to orders, such as modifying the level of stop-loss or take-profit and updating limit orders.
8. Hedging or Group Hedging Positions
Hedging is allowed under one account with Hexa Prop. However, it is no longer allowed for multiple accounts as it does not reflect an appropriate trading strategy.
Example: suppose we have two trading accounts, “A” and “B”. You open a long position in 1 lot EUR/USD in account A and simultaneously open a short position with 1 lot EUR/USD in account B to cover account A. This is not allowed.
9. Consequences of Exceeding the Limit Value
If the number of positions opened in a day exceeds 100 or the total number of daily transactions exceeds 1 000 then the trading account will be closed as it is considered to be hyperactive.
10. Copy Trading
Hexa Prop allows traders to trade from another Hexa Prop account or brokerage firm, provided that the accounts are owned by the same person. This means you can copy trades from any account(s) of which you are the owner of. However, you are not allowed to copy between multiple accounts owned by another person, including relatives or friends.
In case of violations, we will suspend the problematic accounts.
11. Sharing an Account
Reselling or sharing your Hexa Prop account with other persons or entities is a violation of the Hexa Prop Terms and Conditions and is strictly prohibited.
12. The Gambling Mentality
We do not allow gambling mentality. Disciplined and consistent trading is a prerequisite for entering and progressing to the Funded stage. If in the Funded stage we find that the client is trading with high exposure and excessive risk, then the irregularly earned profit will not be paid. If a trader is found to have a gambling mentality on a regular basis, in that case his/her account will be suspended and excluded from the program.
13. Minimum Opening Trading Time
The minimum open trading time shows the minimum time a position must be open to avoid breaking the rule. A trade can only be evaluated and paid out if the position has been open for at least 30 seconds.
14. Inactivity Period
The maximum inactivity period should be 60 days, after which the account will be deleted.
15. Minimum Withdrawal Amount for Funded Traders
Hexa Prop covers the withdrawal fees and does not pass this cost onto clients. This is why we have set a minimum withdrawal amount of $500, as this incurs a cost for our company.