How does the Pivex's Trading Challenge work?

Modified on Fri, 3 Oct at 9:34 AM

The Pivex Funded Trading Challenge is designed to test your trading discipline, risk management, and profitability in a simulated environment with real-time market data. This guide will walk you through everything from starting your account to passing the challenge.

How to Get Started

Starting your challenge is simple. Follow these steps to set up your new Challenge account:

Visit our website at pivexfunded.com.
Select Your Preferred Account Size that suits your trading goals.
Choose Add-ons like Profit Split Boost and Guaranteed Payout Schedule to enhance your experience.
Make Your Payment securely using your preferred method.
Log in to your Pivex Funded Dashboard with the credentials you receive after payment.
Find your MatchTrader credentials on your Accounts page and log in to the platform.
Start Trading! Your challenge officially begins when you place your first trade. There is no time limit to start.

Tip: Before starting trading, take time to familiarize yourself with the MatchTrader platform and review our Trading Academy to sharpen your skills.

Trading Challenge Objectives

To pass the challenge, you must demonstrate consistent and profitable trading by following these rules:

Profit Target: Your primary goal is to achieve a 10% profit based on your starting balance.
Risk Management: You must stay within the specified daily and overall drawdown limits. To successfully pass the challenge, you must avoid using prohibited trading strategies, as their use will make you ineligible for a funded account.
Minimum Trading Days: You must trade for at least 5 days during the challenge.

For a detailed look at these rules, see the examples provided in this article .

What Happens If You Hit The Profit Target?

Once you hit the profit target and follow all the rules:

Performance Review: Our team will verify your trading history to ensure all rules and consistency guidelines were met.
Become a Pivex Funded Trader: If your performance is approved, you will be invited to the Funded Trader Stage. You will continue trading with simulated capital and start earning real payouts based on your performance.

Got questions? We're here to help! Don't hesitate to reach out to our friendly support team at support@pivex.com, and we'll be happy to assist you on your trading journey.