FAQ
General
- Am I allowed to have multiple accounts?
- Do I have to use one of your accounts for the Assessment or can I use my own?
- How does Tradfex work?
- In which countries is the Tradfex Challenge available?
- Is Tradfex a broker?
- Is Tradfex a trustworthy company?
- What is the difference between a Hard Breach and Soft Breach rule?
- What is the requirement to participate in the Tradfex Challenge?
- Who is eligible to use Tradfex's services?
- Why I need to pay a fee?
Withdrawal
- Am I required to pay taxes on my gains?
- Are there any fees associated with withdrawals in Tradfex?
- How does the bi-weekly withdrawal process work in Tradfex?
- Is the Evaluation fee refundable?
- What is the minimum withdrawal amount in Tradfex?
- What methods can I use to withdraw my split gains?
- What payment methods are available for withdrawals in Tradfex?
Rules
- Are EAs Allowed?
- Do you allow High Frecuency Trading (HFT)?
- Is Copy Trading Permitted?
- Is Merging account permitted?
- What are the minimum days I need to trade to pass to another phase?
- What are the profit targets and breach limits for Phase 1 and Phase 2?
- What is the policy on Prohibited Trading Activity?
- What's the Daily Draw Down and how it works?
Education
- Can I access educational resources before starting the evaluation process?
- Can I interact with other traders and participate in trading communities within Tradfex?
- Can I scale my account?
- Do I need to purchase an Evaluation to access the educational content ?
- How can I track my progress and evaluate my performance during the evaluation process?
- I have successfully passed my Tradfex challenge, now what?
- Is there an ongoing educational support available after completing the evaluation process?
What is the minimum withdrawal amount in Tradfex?
While Tradfex do not charge any withdrawal fee a minimum net profit of $20 is required for bank wire transfers and $50 for crypto payouts to ensure the transaction costs are adequately covered.