What are the rules in the Pivex Traders Account?

In the Pivex Traders Stage, your main focus should be on maintaining consistent, disciplined trading while effectively managing risk. The rules in this phase are similar to those in the Trading Challenge, but with more emphasis on steady, sustainable profits.

Profit Target:

• There is no set profit target. Your goal is to maintain consistent profitability.

Max Daily Drawdown:

• 4% of your current equity (calculated at the start of each trading day).
• If your equity at the start of the day is $100,000, the maximum daily loss allowed is $4,000.
• Calculated daily, it adjusts with your current equity.

Max Overall Drawdown:

• 6% of your starting balance (static, regardless of profit increase).
• For a $100,000 account, you can lose a total of $6,000. Your balance should never drop below $94,000.

Minimum Trading Days:

• No specific minimum is required, but remember the inactivity rule:
• You must place at least one trade within every 30-day period to keep your account active.
• If you fail to trade within 30 days, your account will be closed.

Payout Schedule:

• Payouts are processed every 14 days upon manual request.
• You are eligible for payouts as long as you haven’t breached any rules.
• Minimum payout: $50. You can request your payout via the Pivex Dashboard.

Profit Split:

• 80% standard, 90% with the Profit Split Boost add-on.
• The split percentage is applied to your net profit after each payout period.

Consistency Rule:

• No single trade can make up more than 50% of your total realized profit.
• This rule ensures that your trading is consistent and not dependent on single large trades.
• If your largest trade exceeds 50% of your total profit, you must continue trading until this ratio is balanced.

Inactivity Rule:

• You must place at least one trade within every 30-day period.
• Failure to do so will result in your account being deactivated.

Prohibited Strategies in the Pivex Traders Stage:

To ensure fair trading and consistent risk management, the following strategies are strictly prohibited:

• Scalping: Rapid trades intended to capture small price changes in a short time.
• Hedging: Taking opposing positions on the same asset simultaneously.
• Martingale: Doubling the trade size after each loss to recover losses.
• High-Frequency Trading (HFT): Placing a large number of trades within fractions of a second.
• Grid Trading: Setting buy and sell orders at fixed intervals without market consideration.
• Stacking Trades: Opening multiple identical or similar positions in the same direction without closing previous ones.
• EAs/Bots: Automated trading through software; all trading must be manual.

Key Points to Remember:

• Your primary objective in the Pivex Traders Stage is to maintain consistent profitability while staying within risk limits.
• Adhering to the drawdown and consistency rules ensures your account remains active and eligible for payouts.
• Stick to responsible trading strategies and avoid any prohibited methods that could lead to account suspension.

By focusing on discipline, risk management, and long-term consistency, you will be better positioned to thrive as a Pivex Trader. If you have any questions, feel free to reach out to our support team!