What Happens After I Complete the Trading Challenge Successfully?

Once you’ve successfully completed the Trading Challenge by hitting the 10% profit target and adhering to all the required rules, your account will be reviewed manually. Upon approval, you will receive a confirmation email and transition to the Pivex Traders stage. 

Here, you will start trading with a simulated funded account and begin earning real payouts based on your performance.

Here’s What Happens Next:

1. KYC Check: After completing the challenge, you’ll undergo a Know Your Customer (KYC) check. This step is crucial for verifying your identity and ensuring compliance with regulations.
2. Pivex Traders Account Activation: Once everything is verified, your Pivex Traders account will be activated. You will now be trading with a simulated funded account, meaning you will earn real payouts based on the profits generated from your performance in the Pivex Traders stage.
3. Start Earning Real Payouts: After activation, you officially become a funded Pivex trader. Your performance will directly determine the real payouts you earn from the simulated account balance.
   

Example of a Successful Transition to Pivex Traders:

Let’s take the case of John, a trader who completed the Trading Challenge with Pivex. John started with a simulated account of $100,000 and worked diligently to reach the 10% profit target, which would bring his balance to $110,000. Throughout his journey, John made sure to follow all the important rules, such as adhering to the daily drawdown limit (calculated based on his current equity) of 4% (which means no more than $4,000 loss in a day) and staying within the overall drawdown limit of 6% (which equates to no more than $6,000 loss on his entire account). He traded consistently over a period of 5 days, avoiding prohibited strategies like scalping, HFT (High-Frequency Trading), or Martingale. Once John met the 10% profit target and followed all the necessary conditions, his account underwent a quick review.

After successfully completing the KYC check and confirming his trader agreement, John’s account transitioned to the Pivex Traders stage. He was now trading with simulated capital and could start earning real payouts from the profits generated from that initial account balance.

Important Trading Challenge Rules to Keep in Mind:

• Profit Target: You must achieve a 10% profit based on your initial account balance.
• Daily Drawdown: The daily drawdown is calculated based on your current equity. Ensure that your daily losses do not exceed 4% of your current equity. The daily drawdown resets at 00:00 UTC every day.
• Overall Drawdown: Keep your total losses within 6% of your initial balance at all times.
• Minimum Trading Days: You must place at least 5 trades on different days to qualify for transitioning to the Pivex Traders stage, unless you’ve purchased a Minimum Trading Days Waiver.
• Prohibited Strategies: Avoid strategies like scalping, hedging, grid trading, and Martingale.

John’s successful transition shows that by sticking to these rules, managing his risks carefully, and trading consistently, he could move from the Trading Challenge to the Pivex Traders stage with a simulated funded account.

This marks a significant milestone, as you move from the Trading Challenge to real trading opportunities with profit-sharing from your simulated account balance.

Welcome to the Pivex Traders Stage!