In the highly competitive world of trading, obtaining a forex funded account can be highly advantageous to a trader. In order to reach this stage, traders must clear prop firm evaluations which is essentially a way for the trader to showcase their skills as a trader and to prove their competencies. Axe Trader has designed the easiest evaluation criteria in the market today with easier profit targets , more forgiving daily and maximum drawdowns and limited restrictions on the trader.
Our capital, your skills
In a traditional trading challenge account, the trader must go through 2 phases where they must hit the profit targets before they hit either the daily drawdown condition or the maximum drawdown condition (What is dawdown in trading), this is known as prop firm evaluations. Typically the profit target to be hit is around 10% of the initial account balance while the max drawdown and daily drawdown are 10% and 5% respectively.
One major hesitation faced by traders who seek to purchase accounts from prop firms is the ambiguity regarding the rules. Several times in the past it has been known to happen that a trader loses his funded account due to violations of rules he/she was not aware of. Axe Trader firstly maintains only the bare minimal amount of essential rules for the purpose of trader safety and security and secondly takes essential steps ensuring that traders are made fully aware of any limitations within which they must work within.
At Axe Trader, we understand that every trader is different and we have created different account types to suit the needs of any and all of our traders! We have our typical 2 phase evaluation accounts along with our 1 phase evaluation accounts and also offer a directly funded account with no evaluation phases. Traders are free to choose between these options based on their preferences.
Axe Trader provides clear cut information to all prospective traders. Everything is said upfront with no additional details hidden .Trading with Axe Trader ensures no risk of incurring any sort of hidden fees or unexpected surprises.
Traders are free from constraints during their trading which might hamper their potential to succeed. Axe Trader does not bog down traders with countless rules but rather lets them pick their own methods and strategies of their choice best suited for their personal trading.
Several Traders might have failed to clear the evaluation process of the prop firm challenge account despite having been very close to clearing the same, this can be frustrating and demotivating for traders. Axe Trader understands this pain and struggle and for that reason offers traders the option to purchase accounts which come with additional attempts in case of failure. Traders who failed the 1st Prop Firm Evaluation can rest assured and try again with the ‘double axe ‘ account available with Axe Trader.
Passing a prop firm evaluation is the necessary step for traders who seek funding from a prop firm. Traders must first hone their skills as a retail trader before attempting the prop firm evaluation. Axe Trader provides numerous resources and educational content along with a dedicated support staff to give traders every edge they need to succeed.
Prop firm evaluations with Axe Trader are fair, transparent and made comparatively easier for the average trader. Traders looking for prop firms that value their potential should look no further than Axe Trader.
So, are you Ready to take your trading to the next level? Traders get the funding you need with Axe Trader. Follow us on our socials to keep upto date with promos, and new updates to our business operations. Here’s all our Axe Trader social handles:
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Take advantage of our extensive resources, expert support, and a trading environment designed for your long-term success.
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Begin your journey towards becoming a successful trader with Axe Trader: Assume Zero Risk - Keep upto 100% of the simulated profits!
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.
