What happens when you pass the Trading Challenge, does the account automatically upgrade?

Once you have successfully completed the Trading Challenge by hitting the 10% profit target and adhering to all the Challenge rules, your account will not automatically upgrade. Instead, you will have to initiate a review process manually to ensure that all requirements and trading rules have been met.

What Happens Next?

1 . Request Your Account Upgrade: After you meet the challenge criteria, a banner labeled "Upgrade Account" will appear on your main dashboard. You must click this to manually request a review of your trading activity. This action officially begins your transition process.

2. Account Review: Our team will conduct a brief (1-2 business days) review of your trading history to ensure all rules were followed. You will then be contacted and prompted to complete a standard Know Your Customer (KYC) check to verify your identity, ensuring a secure and compliant partnership.

3. KYC Verification & Trader Agreement: You will then be contacted and prompted to complete a standard Know Your Customer (KYC) check to verify your identity, ensuring a secure and compliant partnership. Alongside the verification, you will receive your Pivex Funded Trader Agreement. This document outlines the terms of our partnership, including the profit-sharing model.

4. Receive Your Funded Account: After you sign the agreement, we will issue the credentials for your new Pivex Funded Trader account. You are now officially ready to start trading and earning payouts from your profits.

Example of a Successful Transition to Pivex Funded Trader's Stage:

To illustrate the process, let's look at a successful trader, John.

• Account Size: $100,000

• Profit Target: $10,000 (10%)

• Challenge Result: John grew his account to $110,000.

• Risk Management:

  • He ensured his daily loss never exceeded the Daily Drawdown limit (4%, or $4,000).

  • His total account drawdown never went below $94,000, staying within the Overall Drawdown limit (6%).

• Discipline: He traded on 5 separate days and avoided all prohibited strategies.

• Outcome: After a quick review and KYC check, John received his funded account and began earning real payouts from his simulated trading profits.
  

By following these steps, you ensure a smooth transition from the Challenge phase to the Pivex Funded Trader's Stage. If you have any questions or need assistance during this process, reach out to our support team via support@pivex.com!