One-Step Profit Target is: 10%
Two-Step Profit Target is: Step One 8% | Step Two 5%
One-Step daily loss limit is: 4%
Two-Step daily loss limit is: 5%
Funded Axe daily loss limit is: 3%
One-Step Leverage is: 1:20 FX • 1:10 Index • 1:10 Metals • 1:10 CMDTY • 1:2 Crypto
Two-Step Leverage is: 1:30 FX • 1:10 Index • 1:10 Metals • 1:10 CMDTY • 1:2 Crypto
Profit Split: 80/20 for Evaluations and 70/30 for Funded Axe Accounts (Can be upgraded to 90/10 split and scale to 100% no split after hitting and maintaining a 10% monthly profit target for 6 consecutive months).
There are no maximum number of trading days.
There are no minimum number of trading days.
Yes, you can purchase as many accounts as you would like. However, please note that you can only trade up to $250,000 (max allocation) at any given time.
There is no limit to the maximum number of open lots, but exercising proper risk management is essential. Gambling is strictly prohibited.
No, there are no inactivity time limits on our evals.
The inactivity time is 30 days.
No, a stoploss is not required, but not adhering to proper risk management practices, gambling, and excessively leveraging positions are strictly prohibited.
Yes, it is allowed to hold positions over the weekend.
Yes, you can trade during the news as long as pricing data from the Broker continues to be provided.
However, Traders are prohibited from opening or closing positions 5 minutes before and 5 minutes after red news events. You are allowed to hold existing positions through these news events on all accounts.
Prohibited uses:
1. Opening New Trades (Market Execution/Limit orders)
2. Closing trades (Market Execution/Limit orders)
3. Take/Profit and Stop/Loss
4. Buy Stop and Sell Stop
Please be aware that trading the news carries inherent risks, and we do not offer resets in the event of breaches due to higher-than-normal slippage. Not adhering to proper risk management practices, gambling, and excessively leveraging positions are strictly prohibited. We reserve the right to reverse any and all news trades.
No, Expert Advisors (EAs) are not allowed!
1. Is Group Trading Allowed?
No. Group trading is strictly prohibited. This includes multiple individuals coordinating trades on a single account or using multiple accounts to influence market outcomes.
• Violation Consequences: Breach of account, loss of profits, and blacklisting.
• Reason: Group trading undermines fair market practices and breaches our platform’s risk management protocols.
2. Is Reverse Trading Allowed?
No. Reverse trading, where trades are intentionally mirrored in the opposite direction of other accounts, is forbidden.
• Violation Consequences: Immediate account termination, forfeiture of profits, and blacklisting from future participation.
• Reason: This practice manipulates our evaluation systems and risks unfair exploitation of our platform.
3. Can I Use Layering or DCA (Dollar-Cost Averaging)?
No. Layering (placing multiple orders to manipulate prices) and Dollar-Cost Averaging (gradually increasing a position to reduce average entry cost) are strictly prohibited.
• Violation Consequences: Breach of account, potential loss of all profits, and blacklisting.
• Reason: These techniques pose significant risks to market stability and violate our rules for responsible trading.
4. Is Grid Trading Allowed?
No. Grid trading, which involves placing a series of buy and sell orders at incremental price levels, is banned.
• Violation Consequences: Account breach, loss of profits, and blacklisting.
• Reason: This strategy can distort market conditions and is considered an unacceptable risk to our platform’s sustainability.
5. Is Third-Party Account Management Permitted?
No. Third-party account management, where someone other than the account owner manages trades, is not allowed.
• Violation Consequences: Immediate breach of account, forfeiture of profits, and blacklisting.
• Reason: This rule ensures accountability and maintains the integrity of each account.
6. Can I Use Any Industry-Prohibited or Unethical Strategies?
No. Any and all strategies deemed unethical, prohibited, or banned by industry standards are strictly forbidden.
Examples:
• Front-running
• Wash trading
• Spoofing
• Insider trading
• Violation Consequences: Permanent account termination, loss of profits, and blacklisting.
• Reason: Axe Trader Ltd. is committed to maintaining ethical trading practices and a sustainable trading environment.
What Are the Consequences of Violating These Rules?
Any breach of these policies will result in:
• Account Termination: Permanent disabling of the offending account.
• Loss of Profits: All pending and earned profits will be forfeited.
• Blacklisting: You will be banned from future participation with Axe Trader Ltd.
Why Are These Practices Prohibited?
Axe Trader Ltd. enforces these rules to ensure a fair, transparent, and responsible trading environment. Prohibited activities such as group trading, reverse trading, grid trading, and unethical strategies introduce undue risks, disrupt market integrity, and violate our risk management frameworks.
Important Reminder:By using Axe Trader Ltd.’s platform, you agree to comply with these policies. Any violation will result in immediate action, including account termination, forfeiture of profits, and blacklisting from all current and future participation.
Our prices and rules are designed to ensure a win-win outcome for all parties. Therefore, we do not offer any refunds on evaluation or funded accounts.
Effective October 02, 2024 – 9pm EST
Once you’ve achieved the required level of profitability, you may request your first payout after 5 legitimate trading days for Standard Axe and 8 legitimate trading days for Funded Axe, and Giveaway Accounts. These trading periods include weekends and only apply to the initial payout.
Please note: For Axe Pro accounts, you can qualify for a payout after 5 legitimate trading days; however, the first payout can only be requested after 21 days. This 21-day period serves as an assessment phase. If you demonstrate proper risk management, avoid excessive risk (e.g., gambling), and are not flagged by our risk team, there will be no payout cap. Please be aware that if such trading behavior is observed in the future, Axe Trader reserves the right to apply a payout cap or take further action.
Legitimate Trading Day Criteria:
Trade Duration: Trades must be held for over 1 minute.
Profit: At the end of the trading day your profit must be equal to or more than 0.5% of the initial starting balance. It can consist of one or more trades.
Payout Request:
Evaluation Accounts
Minimum payout request: $100
Maximum payout requests (per week):
250K - $2,500
150K - $2,000
100K - $1,500
50K - $1,250
25K - $1,000
10K - $750
5K - $500
Funded Axe Accounts
Minimum payout request: $100
Maximum payout requests (per week):
50K - $2,500
25K - $2,000
10K - $1,500
5K - $750
2.5K - $500
Payout Schedule and Continuous Cycle:
Your initial payout request will be processed within 24/48 hours, excluding weekends. Once processed, you can request a payout every 7 calendar days for Standard Axe and Funded Axe Accounts, and every 14 calendar days for Axe Pro and Giveaway Accounts. Any fees incurred during this process will be deducted from the final payout amount.
During the payout process, the account will be locked for up to 24/48 hours for approval. Once approved, you may resume trading.
What Happens After 8 Weeks:
After 8 weeks, your performance will be reviewed to determine whether the payout cap should be lifted. If your account is not flagged by the risk team, the payout cap will be removed, and payouts will continue without restrictions, though the Firm will continue to monitor your risk management and adherence to terms.
If your account is flagged by the risk team during the initial 8-week review, a permanent payout cap will be applied, restricting your maximum payouts, and you will not be eligible for 100% of your profits or the scaling incentive. Additionally, you will not qualify to join the Axe TraderPro Team.
Prohibited Trading:
If prohibited trading is detected, your participation in the program will be terminated, and you may forfeit any simulated earnings or fees paid to the Firm. Prohibited trading includes but is not limited to:
• Exploiting pricing errors or platform latency.
• Using insider or non-public information.
• Front-running trades or engaging in trades that jeopardize relationships with brokers.
• Using one strategy to pass an assessment and a different strategy in a funded account.
• Arbitraging accounts within Axe or with third parties.
• Failing to adhere to proper risk management or excessively leveraging positions.
Before receiving a funded account, the Firm and Broker will review your activity under these Terms and Conditions to determine if your trading practices amount to Prohibited Trading. If prohibited trading is found, you will be disqualified from receiving a funded account. The Firm reserves the right to disqualify or prevent any trader from participating in the program for any reason, at its sole and absolute discretion.
The requirement of 8 legitimate trading days allows us to identify whether you're a trader or a gambler, which is strictly prohibited. This happens only once. After building up your account, you can request a $100 minimum weekly payout and start receiving weekly deposits.
No.
Yes, up to 1 million (maintain a 10% profit target for 3 consecutive months and we will increase your account size by 25%) And up to 5 million through Axe TraderPro.
Hedging is not allowed.
Martingale is not allowed.
Yes, there are swap fees associated.
VIOLATING THE FIRM'S TRADING RULES, INCLUDING FAILING TO ADHERE TO PROPER RISK MANAGEMENT PRACTICES, ENGAGING IN GAMBLING, AND EXCESSIVELY LEVERAGING POSITIONS, IS STRICTLY PROHIBITED.
In the event of prohibited trading, the Firm reserves the right to take appropriate action, including but not limited to implementing new rules.
Consequences may include:
- Implementing consistency rules
- Lowering risk approach
- Restricting lot sizes
- Reducing leverage
- Lowering the maximum weekly payout
- Apply a trailing drawdown
- Tagging and reversing news trades Violations may also result in the forfeiture of simulated profits and fees paid to the Firm, as mentioned in the welcome email. For a full list of our prohibited trading rules, please visit our https://axetrader.com/terms-conditions/
cTrader | MatchTrader | DXtrade | Platform 4 | Platform 5 | TradeLocker
Please note that there is no migration between platforms within Axe Trader after purchase. All data and settings are platform-specific and cannot be transferred or accessed from different platforms.
You can use a trade copier at your own risk. This is only permitted during the evaluation phase and is not allowed for live accounts.
You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals, CMDTY, and Cryptocurrencies
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Evaluation or Live Account.
Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Evaluation or have your Live Account taken away.
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale gains without fear of losing your account. The Daily Stop compounds with the increase in your account.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $97,000 during the day. If your floating equity is +$3,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $97,000.
The Maximum Drawdown set at 6% uses OPENING BALANCE – NOT equity.Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your Maximum Drawdown would still be $94,000 because it is a static Drawdown.
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale gains without fear of losing your account. The Daily Stop compounds with the increase in your account.
Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
The Maximum Drawdown set at 10% uses OPENING BALANCE – NOT equity.
Example: If your starting balance is $100,000, you can drawdown to $90,000 before you would violate the Maximum Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your Maximum Drawdown would still be $90,000 because it is a static Drawdown.
Upon passing your Evaluation, you will receive an email with instructions on how to access and complete your Trader Agreement and submit your AML/KYC documents. Once the agreement is completed and supporting documentation is provided, your Live Account will be created, funded and issued to you typically within 24-48 business hours. Please note that it is your sole responsibility to provide the proper documentation for AML/KYC requirements. We do not offer refunds or assistance in the event that you are unable to do so.
The firm reserves the right to deny access to traders exhibiting reckless trading patterns or engaging in dishonest practices, such as windfall seekers and bad actors. In such instances, the trader will be refunded the evaluation fee and will be ineligible to trade with the firm.
Once you pass the Evaluation, we provide you with a live account, backed by our capital. The capital in your Live Account is notional and may not match the amount of capital on deposit with the Broker. A Live Account is notionally funded when actual funds in the account (i.e., the equity in a Live Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Live Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Live Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Drawdown, stop loss and position limits apply.
No. We operate at an arm's length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not mark up transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Broker. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost- effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your Live Account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
The rules for the Live Account are exactly the same as your Evaluation account. However, with a Live Account, there is no Equity Growth Target.
If I have a hard breach in my Live Account and there are gains in the account, do I forfeit those gains?
If you have gains in your Live Account at the time of a hard breach, you will not receive any portion of those gains.
When you are ready to withdraw the gains from your Live Account, click the Withdrawals button in your trader dashboard and enter the amount to withdraw. Once your withdrawal request is approved you can withdraw via any available methods.
Once you’ve achieved the required level of profitability, you may request your first payout after 5 legitimate trading days for Standard Axe and 8 legitimate trading days for Funded Axe, and Giveaway Accounts. These trading periods include weekends and only apply to the initial payout.
Legitimate Trading Day Criteria:
Trade Duration: Trades must be held for over 1 minute.
Profit: Each day must include at least one trade with a minimum profit of 0.5% of the starting balance.
Payout Request:
Evaluation Accounts
Minimum payout request: $100
Maximum payout requests (per week):
250K - $2,500
150K - $2,000
100K - $1,500
50K - $1,250
25K - $1,000
10K - $750
5K - $500
Funded Axe Accounts
Minimum payout request: $100
Maximum payout requests (per week):
50K - $2,500
25K - $2,000
10K - $1,500
5K - $750
2.5K - $500
Payout Schedule and Continuous Cycle:
Your initial payout request will be processed within 24/48 hours, excluding weekends. Once processed, you can request a payout every 7 calendar days for Standard Axe and Funded Axe Accounts, and every 14 calendar days for Axe Pro and Giveaway Accounts. Any fees incurred during this process will be deducted from the final payout amount.
During the payout process, the account will be locked for up to 24/48 hours for approval. Once approved, you may resume trading.
What Happens After 8 Weeks:
After 8 weeks, your performance will be reviewed to determine whether the payout cap should be lifted. If your account is not flagged by the risk team, the payout cap will be removed, and payouts will continue without restrictions, though the Firm will continue to monitor your risk management and adherence to terms.
If your account is flagged by the risk team during the initial 8-week review, a permanent payout cap will be applied, restricting your maximum payouts, and you will not be eligible for 100% of your profits or the scaling incentive. Additionally, you will not qualify to join the Axe TraderPro Team.
Prohibited Trading:
If prohibited trading is detected, your participation in the program will be terminated, and you may forfeit any simulated earnings or fees paid to the Firm. Prohibited trading includes but is not limited to:
• Exploiting pricing errors or platform latency.
• Using insider or non-public information.
• Front-running trades or engaging in trades that jeopardize relationships with brokers.
• Using one strategy to pass an assessment and a different strategy in a funded account.
• Arbitraging accounts within Axe or with third parties.
• Failing to adhere to proper risk management or excessively leveraging positions.
Before receiving a funded account, the Firm and Broker will review your activity under these Terms and Conditions to determine if your trading practices amount to Prohibited Trading. If prohibited trading is found, you will be disqualified from receiving a funded account. The Firm reserves the right to disqualify or prevent any trader from participating in the program for any reason, at its sole and absolute discretion.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an evaluation.
Upon purchasing an Evaluation, you will receive access to a trader dashboard where you can monitor your Evaluation and Live Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Trading hours are set by the Broker. We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the platform and selecting Specifications from the dropdown menu.
Please note that holidays can have an impact on available trading hours.
We use the RAW accounts from the Broker. These accounts have commission charges for Forex and Equity Share CFDs. The other products do not carry a commission.
Charges come across in the name of Axe Trader Ltd.
When trading a Live Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are given credit for introducing new Customers to your firm:
Customers are registered to an affiliate during Customer Registration (i.e., when the Customer account is created). This is a separate process from Checkout.
A Customer who creates an account that is NOT registered to an affiliate cannot be registered to an affiliate at a later point. At this point, they are no longer a new customer and therefore the affiliate has not introduced them to your firm.
A Customer who is registered to an affiliate will remain registered forever. An affiliate will receive affiliate credit for ALL orders from that customer for their lifetime.
We reserve the right to limit the number of open positions you may enter or maintain in the Live Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Live Account will be halted. We or the Broker reserve the right to refuse to accept any order.
Before you are issued your Live Account, you will be required to perform KYC via Veriff. We do not store any documents - all documents are sent through the Veriff portal for review. Once verified, you will sign your Trader Agreement and then be issued your Live Account.
Our Funded Account Promo IF AND WHEN AVAILABLE allows traders to purchase funded accounts with sizes ranging from $2,500, $5,000, $10,000 and $25,000. These accounts must adhere to most of the above as well as the Objectives below, ensuring consistency and accountability in trading practices.
Objectives?
These objectives include:
• Profit Target: None
• Daily Loss Limit: 3%
• Max Drawdown: 6% - Regular Axe Locking DD or Aggressive Axe NoLocking DD. Learn more below**
• Max Time: Unlimited
• Max Open Lots: Unlimited
• Inactivity Time: 30 Days
• SL Required: No, but proper Risk Management is required
• Trade Multiple Accounts: Yes, as long as you do not violate the prohibited trading rules.
• Hold Over Weekend: Yes
• News Trading: Yes, you can trade during the news as long as pricing data from the Broker continues to be provided.
However, Traders are prohibited from opening or closing positions 5 minutes before and 5 minutes after red newsevents. You are allowed to hold existing positions through these news events on all accounts.
Prohibited uses:
1. Opening New Trades (Market Execution/Limit orders)
2. Closing trades (Market Execution/Limit orders)
3. Take/Profit and Stop/Loss
4. Buy Stop and Sell Stop
Please be aware that trading the news carries inherent risks, and we do not offer resets in the event of breaches due to higher-than-normal slippage. Not adhering to proper risk management practices, gambling, and excessively leveraging positions are strictly prohibited. We reserve the right to reverse any and all news trades.
• EA Allowed: No
• Refund: Not Applicable
• Free Reset: Not Applicable
• Scaling: Up to 1 million (maintain a 10% profit target for 3 consecutive months and we will increase your account size by 25%) And 5 million through Axe TraderPro.
• Payout Requests: Once you've achieved 8-days of 0.5% profitability, you may request your first payout. This 8-day trading period does include weekends, does not have to be consecutive and only applies to the initial payout.
Payout Requests:
• Minimum payout request: $100
• Maximum payout requests (per week):
50K - $2,500
25K - $2,000
10K - $1,500
5K - $750
2.5K - $500
Payout Schedule and Continuous Cycle:Your initial payout request will be processed within 24/48 hours, excluding weekends. Once processed, you can request a payout every 7 calendar days
There is an option to upgrade to a No Locking Max Drawdown buy choosing the Aggressive option.
What Happens After 8 Weeks:
After 8 weeks, your performance will be reviewed to determine whether the payout cap should be lifted. If your account is not flagged by the risk team, the payout cap will be removed, and payouts will continue without restrictions, though the Firm will continue to monitor your risk management and adherence to terms.
If your account is flagged by the risk team during the initial 8-week review, a permanent payout cap will be applied, restricting your maximum payouts, and you will not be eligible for 100% of your profits or the scaling incentive. Additionally, you will not qualify to join the Axe TraderPro Team.
Prohibited Trading:
If prohibited trading is detected, your participation in the program will be terminated, and you may forfeit any simulated earnings or fees paid to the Firm. Prohibited trading includes but is not limited to:
• Exploiting pricing errors or platform latency.
• Using insider or non-public information.
• Front-running trades or engaging in trades that jeopardize relationships with brokers.
• Using one strategy to pass an assessment and a different strategy in a funded account.
• Arbitraging accounts within Axe or with third parties.
• Failing to adhere to proper risk management or excessively leveraging positions.
Note: Axe Trader reserves the right to place a payout cap or terminate accounts if proper risk management and adherence to our terms and conditions are not maintained.
Can I purchase multiple accounts: Yes, you can purchase as many accounts as you would like, but you cannot trade more than one account at a time.
If the Firm detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated, which may include forfeiture of any fees paid to the Firm.
Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
Exploiting errors or latency in the pricingand/or platform(s) provided by the Broker;
Utilizing non-public and/or insiderinformation;
Front-running of trades placed elsewhere;
Trading in any way that jeopardizes the relationship that the Company 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 challenge accounts;
Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company in cooperation with Axe Trader Ltd at their discretion;
Entering into an Equity CFD at or near the end of the trading day with intent of profiting from the marketing gap between when the market closes and reopens on the subsequent trading day, as determined by the Company in its sole and absolute discretion;
Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion;
Not adhering to proper risk management practices, gambling, and excessively leveraging positions are strictly prohibited;
In the event prohibited trading is detected, the Firm reserves the right to take appropriate action, including breaches of accounts, for violations of these rules, which may result in loss of simulated profits and fees paid to the firm.**
**Max Drawdown:
While our Drawdowns are not Trailing,please note that after the first payout request, your Max Drawdown will belocked at your original starting balance.
Why does the maximum drawdown lock at the original starting balance after the first payout request is approved?
Locking the max drawdown at the starting balance is a one-time deal to prevent gambling. There is no trailing drawdown.
It’s really fair and simple. Your drawdown becomes whatever profit you have left in your account after your first payout.
Regular Axe Accounts: Locking Drawdown
Make sure to retain some of your profits in the account because your maximum drawdown limit will be locked at your original starting balance. Your drawdown will then equal whatever profit remains in your account after your first payout.
For instance, if you're trading with a $10,000 funded account and grow it to $10,500, you could request a $500 payout.However, it's advisable to avoid this because your maximum drawdown will be looked at your initial balance, potentially leading to an account breach.Ideally, grow your account to $11,000 and then request a $500 payout, leaving you with a maximum drawdown of $500.
If you grow the $10,000 account to $13,000and request a $1,000 payout, your maximum drawdown will then be $2,000.
The more profit you retain in the account,the larger your drawdown capacity becomes.
Remember, the maximum drawdown locks in only after the first payout. From the second payout onwards, there's no limit to how large your maximum drawdown can be.
Aggressive Axe Accounts: No Locking Drawdown
You have a maximum drawdown limit of $9,400for a $10,000 account. Let's say you make $1000 and requested for payout your drawdown will not lock at initial balance it will remain same at -6% of account balance , your drawdown will not be affected and will remain at $9,400 for$10000 account.
Data shows that traders are prone to gamble after a payout because they feel they are playing with 'house money.' This Behavior can be harmful to the firm and encourages poor trading habits.
By locking the max drawdown to the original starting balance, traders' profits are put at risk, making them less likely to gamble. This not only safeguards the company but also helps traders develop better trading practices.
This model is not our invention; respected firm that pays over $20 million monthly uses it successfully. They’ve cultivated a network of exceptional traders.
Our accounts are designed to encourage sound trading practices and guide traders toward consistent profitability.
We’re simply following a proven path, minus the unrealized profit - trailing drawdown required by the above referenced firm, while steering clear of the reckless race to the bottom that will drive many firms into bankruptcy and leave traders unpaid.
The Firm also reserves the right to disqualify or prevent any Trader from participating in the program for any reason, at the Firm’s sole and absolute discretion.
Giveaway or Free Accounts: For any provided giveaway or free accounts, there is a payout limit set at 2%. This allows traders to request a payout of up to 2% of the initial balance at each designated payout interval.
Giveaway and Free accounts must adhere to the account objectives outlined in the FAQs as well as the objectives outlined below.
Two-Step Evaluation
• Profit Target – Step One 10%
• Profit Target – Step Two 6%
• Max Daily Trailing Drawdown 4%
• Max Trailing Drawdown 7%
• First payout after 8 trading days, subsequent payouts after 14 calendar days.
Platforms Available
MatchTrader
DX Trade
TradeLocker
Are there any additional obligations for contest winners?
Yes, in addition to the account objectives, contest winners are required to change their social media Avatar to the Axe Trader approved Icon Avatar and leave an honest review on TrustPilot and Google. They must also remove all competitor links or promotions from their social media profiles and display the Axe Trader Discord Link instead. This must be maintained for a minimum of 2 weeks or for as long as the won account is active.
What happens if I don’t comply with these requirements?
Violation of these requirements will result in the account being breached and confiscated. It is imperative that contest winners adhere to all guidelines and obligations associated with the won account.
Multiple Wins: If a participant is selected as a winner more than once in the same month, they will be issued only one account. The subsequent account(s) will be reallocated to other eligible participants.
Winners have a 14-day window to claim the giveaway account after being notified. Please ensure you activate it within this period to retain access.
The Axe TraderPro Program is an elite trading opportunity offered by Axe Trader, providing traders with access to larger capital sizes and potential full-time trading opportunities.
How can I qualify for the Axe TraderPro Program?
To qualify for the Axe TraderPro Program, traders must achieve a 10% monthly simulated profit target for 6 consecutive months in our 100K, 150K, or 250K evaluations. This achievement secures an interview with our Axe TraderPro team.What are the benefits of joining the Axe TraderPro Program?
Joining the Axe TraderPro Program opens the door to potential full-time trading opportunities in the bustling financial hub of London or the sunny Caribbean beaches of Cancun. It also provides traders with access to larger capital sizes and additional benefits.
How can I seize this opportunity?
Seize the opportunity by achieving a 10% monthly simulated profit target for 6 consecutive months in our 100K, 150K, or 250K evaluations. This accomplishment will secure an interview with our Axe TraderPro team, paving the way for potential full-time trading opportunities in desirable locations.
Axe TraderPro Disclaimer:
Traders must achieve a 10% monthly simulated profit target for 6 consecutive months in our 100K, 150K, or 250K evaluations to secure an interview with our Axe TraderPro team. Meeting this requirement does not guarantee acceptance into the Axe TraderPro Program. The decision to accept traders into the program is at the sole discretion of Axe TraderPro Team.
Axe Pro is a One-Step Evaluation account with a focus on efficient capital growth. It provides five different funding levels: $5K, $10K, $25K, $50K, and $100K. Traders can scale quickly by achieving a clear profit target without facing payout caps, making it ideal for those seeking higher growth and better payouts.
• Max Drawdown: 8%
• Profit Target: 8%
• Daily Profit Cap: 2%
• Daily Drawdown: 2% (*Soft Breach – No immediate termination)
1st Soft Breach, nothing happens.
2nd Soft Breach, nothing happens.
3rd Soft Breach, Profit Split will be reduced to 50%.
• Payout Eligibility: After 5 trading days with a minimum 0.5% profit per day.
• First Payout: 21 days; Subsequent Payouts: Every 14 days.
• No Payout Cap: For Axe Pro Accounts, we have a 21-day assessment period. If you demonstrate proper risk management, avoid excessive risk (e.g., gambling), and are not flagged by our risk team, there will be no payout cap. However, please note that if such trading behavior occurs in the future, Axe Trader reserves the right to reinstate a payout cap or take further action.
Disclaimer: If the Firm detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated, which may include forfeiture of any fees paid to the Firm. Furthermore, prior to any Trader receiving a funded account, the Firm and the Broker will review the Trader’s activity under these Terms and Conditions to determine whether it amounts to Prohibited Trading. Should Prohibited Trading be identified, the Trader will be ineligible to receive a funded account.
The Firm also reserves the right to disqualify or prevent any Trader from participating in the program for any reason, at the Firm’s sole and absolute discretion. PLEASE NOTE: Funded and Evaluation account rules and objectives are subject to change without prior notice.
Updated: October 2nd, 2024 at 09pm EST.
Axe Trader Ltd. offers fee-based assessment services and facilitates connections with third parties for Potential Traders who meet specific criteria defined by Axe Trader (“Eligible Traders”). Our services involve evaluating the simulated trading performance and results of Potential Traders in certain virtual off-exchange foreign currency instrument pairs (“Forex”) and/or selected virtual contracts for differences (“CFDs”). We conduct data analysis based on simulated trading activities in demo accounts traded by Potential Traders through Axe Trader’s platform, utilizing data provided by a third-party broker. Our methods and techniques are established and maintained by Eligible Traders.
Axe Trader grants access to a third-party’s simulated trading platform, related demo accounts, and simulated trading information for the purpose of conducting data analysis and assessment services. This third-party offers Eligible Traders a simulated trading environment and an opportunity to earn a share of virtual trading gains generated in demo accounts, as specified in their agreement with the Eligible Trader.
Additionally, Eligible Traders acknowledge and agree, as outlined in their agreement, that the third party has the right to collect and use the data obtained from Axe Trader for their own benefit, including the option to replicate trading activities based on this data. The third party also retains the right to incorporate any information received from Axe Trader regarding Eligible Traders into actual live market trading, which they will conduct for their own account and at their own risk.
Theoretical performance outcomes should not be considered as reflective of real trading experiences and are typically formulated with the advantage of historical knowledge, which may either overstate or understate the influence of specific market factors such as limited liquidity and price fluctuations. Moreover, since theoretical trading does not carry financial risk, it cannot fully encompass the impact of various risk-related elements, including an individual’s or advisor’s capacity to manage losses or adhere to a specific trading strategy when confronted with trading setbacks.