HIDDEN RULES

If the rule isn’t here, you are in the clear. Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the funded account are found on this page. Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate. There are only 4 ways to breach and lose an account, please read below for more details: 1. Drawdown Rule 2. Daily Loss  or Max Loss Rule 3. Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, Think Markets/Gold Forex Funds will consider the account INACTIVE and the account will be breached.) 4. *HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules (Hard breached). Please review our Terms and Conditions for a full list of Prohibited Trading Activities.

WHAT IS GOLD FOREX FUNDS?

Gold Forex Funds is a unique opportunity for experienced traders to showcase their skills and access a funded trading account. Our two-step evaluation program includes a Simple Challenge, Verification process (KYC) and successful traders can receive up to 500,000 USD in funding to scale their account up to 2,000,000 USD. You’ll also be able to keep up to 80% of the gains you generate.

IS GOLD FOREX FUNDS A TRUSTWORTHY COMPANY?

We understand the importance of reputation in this business. We pride ourselves on offering the best products, services and support to our members, and we’re committed to helping traders around the world access funded accounts.

WHERE IS YOUR OFFICE? HOW CAN I CONTACT YOU?

Our office is located at Urb. Rosadela 2 Calle Alelí #RA11 y #RA-12 Toa Baja, Puerto Rico, and we welcome visitors by appointment. You can also contact us via the contact form on our website or email support@goldforexfunds.com.

WHO CAN JOIN GOLD FOREX FUNDS?

We accept traders from all over the world who can demonstrate their trading skills with proper risk management. There are no special qualifications required, but all clients must be at least 18 years old and have to complete our verification process (KYC). Please note that we cannot provide services to individuals from OFAC-sanctioned countries or those that have been previously banned for violations of the Terms & Conditions.

WHAT MAKES GOLD FOREX FUNDS YOUR BEST OPTION?

As a trader, it can be challenging to make a living, and many traders turn to proprietary trading firms for the funds they need to achieve their goals. However, most of these firms want you to fail so they can keep your initial payment. At Gold Forex Funds, we believe in a different approach. Our SIMPLE CHALLENGE evaluation process has no minimum trading days and no time limit, allowing you to demonstrate your skills and access funding if you know how to trade and manage risk properly.

With Gold Forex Funds, you’ll receive up to 80% of achieved gains, and our Proprietary Trading firm will keep 20% of the Gains. It’s important to understand that successful trading requires knowledge, discipline, and consistency, but with Gold Forex Funds, you won’t be responsible for any losses. If things don’t go as planned, all losses are covered by our Trading firm. You can trade with confidence, knowing that you have nothing to lose and everything to gain.

Our unique scaling program allows traders to grow their accounts up to $2,000,000 USD, with performance analysis every 4 months. If you meet our requirements, your trading account will be increased by 25%. With Gold Forex Funds, you have the opportunity to achieve your trading goals and build a successful career as a trader. The scaling plan enables funded traders to grow their account size based on consistent performance, adding 25% of their initial account balance to the funded account balance. Funded accounts are reviewed every 4 months. If a trader have had gains for 4 consecutive months with a minimum return of 10% every month, then they become eligible for an account size increase equal to 25% of their original account balance.

HOW TO BECOME A FUNDED TRADER?

Becoming a Funded Trader is a simple 2-phase process that starts with an evaluation.

PHASE 1: EVALUATION

You’ll receive access to a demo account and trade according to our rules. There are no time limits or minimum trading days. Your goal is to achieve simple and realistic objectives to move to the second phase.

PHASE 2: VERIFICATION

You’ll receive access to another demo account and trade according to our rules. Again, there are no time limits or minimum trading days. Your goal is to achieve simple and realistic objectives to complete this phase.

Once you successfully pass the Verification stage (KYC), we’ll review your trading and, if approved, offer you a funded account. To finalize the contract for your account, you’ll need to provide your ID document and complete your identification process. We reserve the right to deny the contract, but in such a case, we’ll issue a refund and let you know why.

HOW LONG DOES IT TAKE TO BECOME A FUNDED TRADER?

There’s no specific timeframe for completing the evaluation process. You’ll need to complete the objectives as soon as possible and move through the two phases. Unlike other Prop firms that have 30 or 60-day challenges with minimum trading days, we’ve made this process simple and achievable to help more traders access funded accounts.

WHEN DOES PHASE 1 EVALUATION BEGIN?

Your evaluation starts as soon as you place your first trade.

PHASE-1 RULES AND OBJECTIVES:

Our Simple Challenge is the first step of our Evaluation Process. Before we allow you to trade a funded Account, we need to ensure that you can trade responsibly and manage risks properly. Therefore, our challenge stage has reasonable rules that are easy to follow and achieve. These rules are referred to as Trading Objectives.

You will have unlimited time and no minimum trading days to complete the phase-1 challenge. Your target is to achieve a gain of 10% of the initial balance while keeping your maximum loss within 8% of your highest balance. Also, your maximum daily loss must not exceed 4% of your previous day’s balance. You can use Expert Advisors (EA)* and scalping strategies, and the leverage ratio is 30:1. However, holding over weekends is not allowed, and you must use stop-loss to manage your trades. 

*HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules.

Please review our Terms and Conditions for a full list of Prohibited Trading Activities.

PHASE-2 RULES AND OBJECTIVES:

This phase is the Verification Process that follows the completion of phase-1. Here, we need to ensure that you can trade responsibly and manage risks properly before we allow you to trade a funded Account. The rules and objectives for phase-2 are the same as in phase-1, except for the target gain, which is 5% of the initial balance.

You will have unlimited time and no minimum trading days to complete the phase-2 challenge. Your target is to achieve a gain of 5% of the initial balance while keeping your maximum loss within 8% of your highest balance. Also, your maximum daily loss must not exceed 4% of your previous day’s balance. You can use Expert Advisors (EA)* and scalping strategies, and the leverage ratio is 30:1. However, holding over weekends is not allowed, and you must use stop-loss to manage your trades unless you buy the add-ons that allows it.

*HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules.

Please review our Terms and Conditions for a full list of Prohibited Trading Activities.

CAN I HOLD POSITIONS OVER THE WEEKENDS?

We require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.

WHAT ARE THE RULES AND OBJECTIVES FOR A FUNDED ACCOUNT?

As a funded trader, you will have the opportunity to trade a live account and keep 80% of the gains. To give you the freedom to trade with peace of mind, we have removed the Gain Target requirement. Instead, we ask that you respect the drawdown rules, which are the most important rules we care about.

Time Limit: None Minimum Trading Days: None Max Loss: 8% of high mark balance. Max Daily Loss: 4% of the previous day’s balance. Expert Advisors (EA)*: Yes Scalping: Yes Leverage: 1:30 Hold Over Weekends: No Trading News: Yes *HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules.

HOW IS THE 4% DAILY LOSS LIMIT CALCULATED?

The Daily Loss Limit is calculated based on the previous day’s end-of-day balance (5 pm EST). For example, if your prior day’s end-of-day balance was $500,000 breaching the Daily Loss Limit of 4% would occur if your equity fell to $480,000 the next day.

HOW IS THE 8% MAX LOSS LIMIT CALCULATED?

The maximum total drawdown is 8%. This means that the equity of the account must not fall below 92% of the initial account balance, including commissions and swaps, for both open and closed positions. Violating these rules will result in the termination of your trading account, and you will not be eligible to move forward in the program with that account. For example, if your initial or prior day’s end-of-day balance was $100,000 breaching the Max Loss Limit of 8% would occur if your equity fell to $92,000 the next day.

CAN I TRADE DURING NEWS EVENTS?

Yes, you may trade during news events in both the evaluation phases and the funded account. However, we strongly recommend avoiding trading during periods of high volatility due to the risk involved.

⚠ 3 minutes before or after a News Event is prohibited

CAN I USE EXPERT ADVISORS (EA)?

Yes, you may use an Expert Advisor (EA)* during both the evaluation phases and the funded account. However, we reserve the right to monitor your trading accounts and strongly recommend avoiding the use of EAs that automatically place trades.

*HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules.

CAN I USE SCALPING?

Scalping is allowed, but we highly recommend having specific trading rules and strategies in place. Without a well-defined trading plan based on specific parameters, losses can quickly pile up.

CAN I USE A TRADE COPIER?

Traders are permitted to use their account as a master account, allowing them to copy their trades into their personal accounts. You can use a Copy Trade tool to manage multiple personal accounts. However, copying trades to other people’s accounts is strictly prohibited and considered a violation of the rules.

CAN SOMEONE ELSE TRADE MY ACCOUNT?

No. Only the account owner is allowed to place trades on their account. If someone else trades on your account, it will be considered a violation of the rules, and your account will be closed.

DO I NEED TO USE STOP LOSS?

No. You have the option to open a trade with or without a stop loss in place at the time of placement.

CAN I HOLD A TRADE OVER THE WEEKEND?

No. All trades must be closed before 3:45 pm EST on Friday. Any open trades after this time will be automatically closed. Note that this is considered a soft breach, and you can continue trading once the markets reopen. However, you can choose to add on the “Trade On The Weekends” option for an additional cost due to the higher risk involved.

WHAT IS THE DIFFERENCE BETWEEN A HARD BREACH AND A SOFT BREACH RULE?

• Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Assessment or Funded account.
• Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Funded account taken away.

WHAT IS THE LEVERAGE?

For Forex/Metals, the leverage is 30:1, and for Indices, the leverage is 10:1. We highly recommend not risking more than 1% or 2% per trade to avoid significant losses. It is essential to control your emotions, have realistic expectations, and objectives to succeed as a trader. Also, leverage is often misused and misunderstood by traders, leading to a high rate of account burnout. However, you can choose to add on the “Double Leverage” option for an additional cost due to the higher risk involved.

HOW MANY LOTS CAN I TRADE? (Max Lots with Risk)

Below are the maximum open lots across all pairs that a trader can have at any given time.

• $25K – 7.5 lots with risk
• $50K – 15 lots with risk
• $100K – 30 lots with risk
• $200K – 60 lots with risk
• $500K – 150 lots with risk
• $1 million – 300 lots with risk

For example, if you are in the $100k plan, you will be able to have 30 open lots with risk available.

If you buy 20 lots of EURUSD at 1.20 and your stop loss is at 1.18, you will have 20 lots on with risk, so you would have 10 still available. If the EURUSD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. So, you would again have 30 lots available, even though you currently have 20 lots open.

If you put on too many trades with risk, then our system will liquidate all trades that currently have risk.

Please note, margin and leverage requirements still apply. So, even though these are the maximum lots that can be traded, it is possible based on the leverage of the account that you may not be able to trade up the maximum.

WHAT TRADING PLATFORMS ARE AVAILABLE?

Our risk management technology is currently integrated with platforms that are provided by the broker, along with pricing and execution.

HOW CAN I SET UP THE TRADING PLATFORMS?

Because you are an experienced trader, you will be given your credentials when purchasing your account, credentials will be provided to you to log in to the terminal and begin trading.

WHERE I CAN MONITOR MY ACCOUNT’S PROGRESS?

Once you have purchased a Challenge, you will be granted access to a trader dashboard where you can track the progress of your Challenge and Funded accounts. This dashboard is updated approximately every 60 seconds whenever we calculate metrics. It is important to keep an eye on your breach levels and monitor them regularly.

WHAT COUNTRIES CAN PARTICIPATE IN THE PROGRAM?

All countries, except OFAC-listed countries, are eligible to take part in our program.

WHAT IS THE MINIMUM AGE TO PURCHASE AN ASSESSMENT?

You must be at least 18 years old to purchase an assessment.

WHAT IS THE TRANSITION PROCESS FROM PHASE-1 TO PHASE-2?

After completing Phase 1 of the Simple Challenge, our team will briefly review your account, and you will receive login credentials to begin Phase 2 within 24 to 48 hours.

I HAVE PASSED THE SIMPLE CHALLENGE, NOW WHAT?

Upon passing Phase 2 of the Simple Challenge, you will receive an email confirming that you have passed. Your dashboard’s challenge status will also be marked as “Passed.” Your next steps will be to verify your identity and sign the Trader Agreement. After completing these steps, our team will review your challenge accounts and create your funded account.

HOW LONG DOES IT TAKE TO RECEIVE MY FUNDED ACCOUNT?

Once you have completed the Trader Agreement and provided the necessary Know Your Customer documents, your funded account will typically be created, funded, and issued within 24-48 business hours.

WHAT IS THE SCALING PLAN PROCESS?

The scaling plan enables funded traders to grow their account size based on consistent performance, adding 25% of their initial account balance to the funded account balance. Funded accounts are reviewed every 4 months. If a trader have had gains for 4 consecutive months with a minimum return of 10% every month, then they become eligible for an account size increase equal to 25% of their original account balance.

WHEN CAN I WITHDRAW GAINS FROM THE FUNDED ACCOUNT?

You can withdraw your first gain of the 80/20 Gains after making your first trade on the funded account. Other withdrawals can be made every 15 days from that date. You must not have any open trades when requesting a withdrawal. At the time of any withdrawal request, we will also withdraw our share of any gains earned.

HOW DO I WITHDRAW MY GAINS?

To withdraw your earnings, simply request a withdrawal through your Virtual Office/Dashboard.

When you are ready to withdraw your gains, please send an email to our support email (support@goldforexfunds.com) with the amount you would like to withdraw.  We will then post your gains into your Deel account, which you can withdraw via any of the available methods they offer.

Withdrawal-Related Maximum Drawdown Adjustment Rule:

1. Approval of Withdrawal: Once a withdrawal request is approved and processed, the maximum drawdown (DD) level for the trader’s account will be reset to the account size ($10k, $25k, $50k, $100k, $200k, $500k, $1Million).
2. New Maximum Drawdown Level: The account size will be the maximum drawdown that will remain in effect for the remainder of the trader’s account. (Please remember that as the account grows the same daily DD will still apply)
3. Trader’s Discretion for Account Balance: Traders have the autonomy to decide how much they want to retain in their trading account to continue trading with the funded account.
4. Account Balance and Leeway: For example, if a trader withdraws from a $100k account and chooses to keep a balance of $200 in the account, the resulting balance would be $100,200. This balance provides a buffer of $200 before reaching the maximum drawdown level of $100,000.
5. Flexible Balance Management: Traders can adjust the balance they leave in the account as they see fit. They can choose to leave more or less than the example provided based on their confidence in their trading abilities to generate gains.

This rule aims to provide traders with the flexibility to manage their account balances while adhering to a reset maximum drawdown level after each approved withdrawal. It emphasizes the trader’s responsibility for their account’s gain and allows them to make informed decisions regarding their trading approach and risk management.

IF I DO NOT PASS THE EVALUATION PHASES, CAN I PURCHASE ANOTHER ATTEMPT?

Yes, unless you violate the Terms and Conditions.

IF I ALREADY PAID FOR A CHALLENGE AND FORGOT TO ADD AN ADD-ON, CAN I REQUEST TO ADD IT?

Yes, you can request the “Double Leverage” and “Hold Over Weekend” trading as long as you haven’t started trading yet. Send us an email to support@goldforexfunds.com to complete request.

CAN I TRADE USING MALICIOUS PRACTICES?

No. trading styles deemed malicious include, but are not limited to:

• Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
• Utilizing non-public and/or insider information
• Front-running of trades placed elsewhere
• Trading in any way that jeopardizes the relationship Prop Account has with a broker or may result in the canceling of trades
• Trading in any way that creates regulatory issues for the Broker
• Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass assessment accounts
• Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account.

• ⚠ 3 minutes before or after a News Event is prohibited

There are a number of companies marketing and selling off-the-shelf EA’s aimed at passing Evaluations/Funded Challenges. This is NOT a representation of a good trader and falls under Malicious Practices. There are a number of companies marketing and selling off-the-shelf EA’s aimed at passing Evaluations/Funded Challenges. This is NOT a representation of a good trader and falls under Malicious Practices. *HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules. Please review our Terms and Conditions for a full list of Prohibited Trading Activities.

WHAT HAPPENS IF I VIOLATE A RULE?

If you violate a daily drawdown or max drawdown rule, your account will be automatically breached by our evaluation technology and placed into read-only. Your dashboard will indicate this violation by changing the account status to “Failed.” To get another chance at the evaluation, you must purchase another account on our website. If any violations are found upon passing the evaluation, such as a breach of our Terms of Use or abuse of the trading environment, a member of our team will contact you and notify you of the violation, and your account will be manually breached and placed into read-only. The account status will change to “Failed,” and to get another chance at the evaluation, you must purchase another account on our website.

IS THE ONE TIME FEE REFUNDABLE?

No.

HOW WILL I SEE THE CHARGE ON MY STATEMENT?

Charges come across in the name of Dashboardanalytix.com. Our Payment methods are Credit Card, Crypto and PayPal.

HOW MANY ACCOUNTS/CHALLENGES AM I ALLOWED?

You are permitted to take 1 EVALUATION at a time. With regard to the concept of ‘limits’ this is where we stand at present: $2 million max per person (can be made up of multiple assessments, provided none are same size at the same time) $2 million max per strategy/EA (can be made up of multiple assessments, provided none are same size at the same time). *HFT is not allowed and taking advantage of arbitrage pricing or latency is against the rules. Note: This applies to “off-shelf” EA’s (EA’s purchased from the market and used by many) We are seeking to fund independent and unquiet strategies not 1 that is the exact same across the board. There is NO limit to how many accounts you may have (as long as it’s within the $2 million limit). There is NO limit for compounding. Up to $2 million of initial funding, then grow the account to any balance you desire – yes, even $10 million, $20 million, and so on.

AM I TRADING REAL MONEY?

With backed funding from investors, we are given the ability to fund successful traders with live accounts and bask in your success. You are trading a live account when you are funded with our firm.

CAN I HEDGE?

Yes. As long as you are trading within the permitted 1:30 leverage and lot size (seen in your dashboard upon purchase) you may hedge positions on both sides. If you have moved your trade to Breakeven (stop loss locking in a gain on the overall position) your lots will be freed up and can be used to hedge as well. Example: You have a $100,000 account and are trading EUR/USD. EUR/USD is at a current price of 1.11000 (estimation, make sure to use the price of asset at the time of your calculation. You are able to take at max $100,000 * (leverage) = $1,000,000/1.11000 (E/U price) = $900,900 / $100,000 (size of a standard lot) = 9.009 = 9.00 lots max. This means if you enter a BUY on EUR/USD for 9 lots, you will only be able to hedge EUR/USD for 1 lot, as the Maximum Lot Size with Risk permitted is 10 lots. However, if after it begins to go up, you move your Stop Loss to above the entry price (putting you in gain), you will now be able to enter a SELL on EUR/USD for up to 10 lots. Keep in mind that hedging a position helps to reduce the required margin, however hedging is independent of the Maximum Lot Size with Risk. Also, moving a stop-loss to breakeven will free up additional lots to be used against the Maximum Lot Size with Risk, however this will not free up additional margin to be traded. Margin and Lot Size with Risk are two independent criterion that must be met.

HOW ARE TAXES HANDLED? 

When trading a Funded account, you are considered an independent contractor, and therefore responsible for all taxes on your Account Gains. We recommend consulting a professional accountant in your country regarding any tax laws that may apply to you.