What if I don’t pass the trading challenge?

At Pivex, we are committed to your success. If you don’t meet the profit target during the challenge but adhere to all other rules, you may be eligible for a retry discount. This discount, visible in your dashboard or sent via email after the evaluation period, offers a reduced fee for your next attempt, acknowledging your consistent effort and encouraging continued progress.

Please note that breaching any rules—such as exceeding drawdown limits, unauthorized weekend trading, or prolonged inactivity—will result in account closure and an unsuccessful evaluation status.

To support you, we monitor your progress in real-time and send alerts as you approach any limits. If your overall strategy shows promise, the retry discount provides an opportunity to refine your approach. At Pivex, we value your potential and are here to support your trading journey.

Why Traders May Not Reach the Target and How to Avoid It

Many traders fail to meet the profit target due to improper risk management or overleveraging in volatile markets. For example, buying high-risk cryptocurrencies like Bitcoin (BTC) or Dogecoin (DOGE) with large lot sizes can lead to significant losses if the market moves against you. These assets often experience drastic price swings, making them dangerous for those who don’t have the discipline to manage their risk. Similarly, trading with too large a position size can quickly deplete your account if the market fluctuates unexpectedly. 

To avoid these pitfalls, always start with smaller lot sizes, particularly when trading highly volatile assets, and never exceed your set drawdown limits. Managing your trades carefully and using risk management tools like stop-loss orders will help protect your account and keep you on track to reach your profit target.