Can I manage more than one Trading Challenge account?

Yes, you can manage multiple Challenge accounts simultaneously. 

This approach can be strategic for traders who wish to scale their performance, test different strategies, or work with varied risk profiles. Managing multiple accounts allows you to diversify your trading approach without impacting the performance of other strategies.

Why Manage Multiple Accounts?

1. Strategic Flexibility:

• Allocate different accounts for varied asset classes (e.g., forex, commodities, stocks) or trading styles (e.g., swing trading versus scalping).
• This separation helps manage risk exposure independently.

2. Experimentation:

• Test multiple strategies without affecting the outcomes of other accounts.
• For instance, you can apply aggressive risk management on one account while maintaining a conservative approach on another.

3. Enhanced Risk Management:

• Set different lot sizes, stop-loss limits, or trade durations for each account, depending on your trading goals.
• This flexibility allows you to adapt to various market conditions more effectively.
  

How to Buy a New Challenge Account:

If you prefer to have more than one Challenge account, you can purchase additional accounts directly from the Pivex Dashboard. Here’s how:

1.  Log in to Your Pivex Dashboard:
   • Use your registered email and password.
2. Go to the “My Accounts” Section:
   • This area shows your current Challenge accounts.
3. Click on “New Challenge”:
   • Select the account size you prefer and view the associated fee.
4. Proceed to Checkout:
   • Complete your payment to activate the new Challenge account.
5. Manage Multiple Accounts:
   • Once set up, you can view and manage all your accounts in the Dashboard, keeping track of each one independently.

Tip: Each account is treated as a separate entity, so make sure to follow the trading rules individually for each Challenge account.

Important Reminder:

No Mirroring of Trades

You cannot duplicate the same trades or follow identical patterns across different accounts. Pivex actively monitors for mirroring trade patterns, and violations can result in account suspensions.

Trade Independently

Each account should reflect unique trading strategies and not simply replicate another account’s trades. The system tracks each account separately to maintain fairness and avoid cross-account manipulation.

Managing multiple Challenge accounts can enhance your trading flexibility and strategy diversity. Just remember to treat each account independently and avoid mirroring trades. This responsible approach not only helps you optimize your trading performance but also ensures compliance with Pivex’s rules.

If you need assistance setting up or managing multiple accounts, our support team is here to help!