Frequently Asked Questions
Solex Funding FAQs
Find quick and clear answers to common queries about our challenges, services, and policies. Your satisfaction is our priority, and we’re here to ensure your experience with us is smooth.
Solex Funding
Solex Funding is an e-learning platform adn evaluation firm focused on trading topics, offering comprehensive resources, challenges, and tests to help individuals improve their trading skills.
Solex Funding offers a wide range of courses on trading, including technical analysis, risk management, market strategies, and advanced trading techniques.
Yes! Solex Funding rewards top-performing students and individuals who excel in challenges and tests with special prizes, recognition, and additional learning opportunities.
Anyone interested in improving their trading skills can participate in Solex Funding’s challenges. These are designed to test knowledge, enhance skills, and encourage competition among learners.
Solex Funding provides a personalized dashboard where users can monitor their course progress, test scores, and performance in challenges. Rewards and achievements are also displayed here.
Account and General rules
No, Solex Funding is not a broker. We provide our clients with simulated funded demo accounts after they successfully pass our evaluation process, which can be a one or two-step evaluation.
Solex Funding offers various account sizes for evaluations, including 6k, 8k, 20k, 25k, 50k, 100k. These are available in both our 2 Steps No Time Limit and 2 Steps Classic Evaluation formats.
For Instant Funding and the One-Step Challenge, trading operations cannot be initiated within 10 minutes before high-impact news releases, such as NFP, ICP, CPI, FOMC, and Federal Reserve announcements. Each Sunday, you will receive a weekly calendar highlighting the news events during which trading is prohibited. Trading during news events is not allowed for the Two-Step Challenge.
Yes, cryptocurrency trading is allowed over the weekend.
Yes, holding trades over the weekend is allowed.
While it’s recommended to use stop loss and take profit for better risk management, it’s not mandatory at Solex Funding.
There are no minimum trading days required during the evaluation for any phase.
You can merge untraded Funded Accounts up to $200,000.
If a rule violation is detected, the account will be suspended and become ineligible for future payouts. However, a new account can be purchased, with a discount available.
During the phases of the One-Step Challenge and Two-Step Challenges, you are allowed to use expert advisors (including Martingale). However, on live accounts, the use of any expert advisors, tricks, or Martingale strategies is strictly prohibited, including for Instant Funding.
Prohibited practices include exploiting platform errors, using insider information, front-running, trading in a way that risks our relationship with brokers, or any trading that poses regulatory risks. All-or-nothing trading, manipulation through coordinated trading, or using third-party strategies to pass evaluations are also prohibited.
- Exploit errors or latency in the pricing and/or platform(s) provided by the Broker
- Utilize non-public and/or insider information
- Front-run trades placed elsewhere
- Trade in any way that jeopardizes the relationship Solex Funding has with a broker or may result in the cancelling of trades
- Trade in any way that creates regulatory issues for the Broker
- All-0r-Nothing Trading, where you can lose the account in one trade
- Any trading style that we deem too risky will be breached and refunded in full
- Trade in opposite directions with another trader or another account or otherwise trade in concert with another trader to manipulate the market, the broker’s pricing or performance metrics
- Utilizing any third-party strategy, Expert Advisor, off-the-shelf strategy or one marketed to pass assessment accounts will lead to a breach of your account or payout. We may require to prove that your Expert advisor is your own by presenting the code for any doubts we have, at our own discretion
- During the phases of the One-Step Challenge and Two-Step Challenges, you are allowed to use expert advisors (including Martingale). However, on live accounts, the use of any expert advisors, tricks, or Martingale strategies is strictly prohibited, including for Instant Funding.
- It is essential to successfully complete each challenge individually. Importantly, you cannot duplicate trades (whether executed manually or via EA) from a master account to an evaluation account or from one evaluation account to another. This applies to both the trades and trade ideas. After successfully passing the evaluation process, you have the flexibility to either combine the Master/Funded accounts into a single account or keep them separate, based on your personal preference.
- If Solex Funding detects that your trading constitutes Prohibited Trading Practices, your participation in the program will be terminated and may include forfeiture of any fees paid to Solex Funding. Additionally, and before you shall receive a simulated funded account, your trading activity under these Terms and Conditions shall be reviewed by Solex Funding to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, you shall not receive a simulated funded account or, if trading already trading in a simulated funded account, we may close that account, in which case you will forfeit any profits therein.
- Gambling: You cannot gamble your way through a challenge phase. Solex Funding defines gambling as:
- Taking more than 50% of your trades in under a one-minute hold time
- Opening five positions in a losing trade, encompassing both the entry and subsequent positions
- Betting one direction and holding until you pass/fail.
- Hedging is not allowed.
When requesting a payout, no trade should exceed 50% of the total payout amount.
Abuse of the Simulated Environment
Clear abuse of the simulated environment is characterized by continuously executing large-volume trades without a clear or logical trading strategy. This behaviour disregards fundamental market analysis and risk management practices and does not provide us with viable trading data. Accounts engaging in consistent, high volume trades without a coherent strategy may be flagged for review. This allows us to assess and take appropriate action to maintain a fair trading environment consistent with our mission of obtaining credible trading data. Accounts identified to be consistently executing large-volume trades without a clear strategy may face warnings, temporary limitations on trading activities, or in severe cases, suspension, or termination to uphold the platform’s trading policies.
If there’s no activity for 365 days, the trading account will be breached.
After passing evaluations, traders receive access to a simulated funded account with virtual funds, which mimics real market conditions. It’s crucial to note that this is for educational purposes, with the opportunity for traders’ strategies to be replicated by a proprietary firm.
We never issue real funds, and members are paying a fee for an educational trading evaluation with an opportunity for their strategies to be copied and receive compensation as an independent contractor. It’s important to clarify that we are not a broker.
We allow trading in FX pairs, CFD indices, metals, commodities, equities, and cryptocurrencies.
No, is not allowed.
Only the account owner is permitted to trade, and sharing access or using VPNs/VPS is prohibited.
The utilization of any services related to account management, “pass your challenge,” or copy trading is strictly FORBIDDEN. Any engagement in such activities will result in the rejection of funded accounts and a permanent ban from our services.
Any violations of the aforementioned guidelines, as detected by our system, will lead to account breaches and a permanent ban from accessing our services.
We do not accept clients from a list of countries, including Venezuela, Cuba, Belarus, Eritrea, Iran, North Korea, Russia, Ukraine, Iraq, Afghanistan, Congo, Yemen, Somalia, Libya, Central African Republic, Bosnia and Herzegovina, Burundi, Guinea, Guinea-Bissau, Mali, Myanmar, Nicaragua, Zimbabwe, Sudan, South Sudan, Lebanon, Bangladesh, Liberia, Syria.
The evaluation begins with your first trade.
A trading day counts when a trade is opened and spans from 10pm UTC to 10pm UTC the next day.
Credentials are provided within a maximum of 48h business hours after purchasing an evaluation.
When trading with TradeLocker, we offer a commission model where there is no charge per lot for cryptocurrencies and indices, and a $5 fee per lot for trading commodities, forex, and metals.
You can trade on the most popular platform MetaTrader 4 and on Trade Locker.
This section introduces Tradelocker, our newly adopted alternative to MetaTrader. We provide a comprehensive tutorial on how to access your credentials, engage with the platform, and leverage its functionalities to optimize your trading activities. The guidance includes steps on logging in, personalizing your charts, and effectively managing your trades, ensuring you have a thorough understanding to maximize your use of TradeLocker and other platforms.
You may not access or use the Services for any purpose other than that for which we make the Services available. The Services may not be used in connection with any commercial endeavours except those that are specifically endorsed or approved by us.
As a user of the Services, you agree not to:
- Systematically retrieve data or other content from the Services to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
- Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
- Circumvent, disable, or otherwise interfere with security-related features of the Services, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Services and/or the Content contained therein.
- Disparage, tarnish, or otherwise harm, in our opinion, us and/or the Services.
- Use any information obtained from the Services in order to harass, abuse, or harm another person.
- Make improper use of our support services or submit false reports of abuse or misconduct.
- Use the Services in a manner inconsistent with any applicable laws or regulations.
- Engage in unauthorised framing of or linking to the Services.
- Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Services or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Services.
- Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.
- Delete the copyright or other proprietary rights notice from any Content.
- Attempt to impersonate another user or person or use the username of another user.
- Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats (‘gifs’), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as ‘spyware’ or ‘passive collection mechanisms’ or ‘pcms’).
- Interfere with, disrupt, or create an undue burden on the Services or the networks or services connected to the Services.
- Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Services to you.
- Attempt to bypass any measures of the Services designed to prevent or restrict access to the Services, or any portion of the Services.
- Copy or adapt the Services’ software, including but not limited to Flash, PHP, HTML, JavaScript, or other code.
- Except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Services.
- Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Services, or use or launch any unauthorised script or other software.
- Use a buying agent or purchasing agent to make purchases on the Services.
- Make any unauthorised use of the Services, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretences.
- Use the Services as part of any effort to compete with us or otherwise use the Services and/or the Content for any revenue-generating endeavour or commercial enterprise.
- Use the Services to advertise or offer to sell goods and services.
Classic Evaluations
The profit target varies depending on the challenge and step. Feel free to select your preferred challenge directly from the dashboard.
The overall drawdown varies depending on the challenge and step. You can choose your preferred challenge directly from the dashboard. For example, if your account balance is $100,000 and the overall drawdown limit is 8%, your account would breach the maximum drawdown limit if your equity drops to $92,000. Remember, each phase or challenge has different drawdown percentages.
The daily drawdown varies depending on the challenge and step. You can choose your preferred challenge directly from the dashboard. For example, if your account balance is $100,000 and the daily drawdown limit is 4%, your account would breach the daily drawdown limit if your equity drops to $96,000 within a single trading day. Remember, each phase or challenge has different drawdown percentages.
You will automatically receive phase 2 credentials by email within 24 business hours (available also on Dashboard).
Upon successful completion of Phase 2, your traders’ trading accounts enter a comprehensive review process. Here’s a step-by-step breakdown of what follows: Please ensure you are using the same email address to sign up with Rise that you used for Solex Funding registration. KYC Onboarding with Rise: Once your trading account has been reviewed and approved, you will receive an email from Rise, our partnered platform for KYC (Know Your Customer) verification. This email will guide you through the KYC onboarding process. Please ensure that you provide accurate and valid documents during this step. The KYC approval process may take up to 2 business days if the submitted documents meet the required criteria. If additional document submissions are needed, the overall process may extend. Guide to Rise Onboarding: https://help.riseworks.io/en/articles/6342256-rise-onboarding-made-easy-payee Invitation to Join Rise Team: Upon successful KYC approval, you will receive an invitation from our team to join the Rise platform. This invitation will be accessible in your Rise account in the “action items” tab or through your email. Accepting this invitation is a crucial step, and the process is nearly instant. Guide to Accepting the Invitation: https://help.riseworks.io/en/articles/8541423-first-steps-after-completing-the-onboarding-payee Live Account Activation: After accepting the invitation, your trading account will be upgraded to a live account. At this point, you can resume trading with your newly acquired credentials. Please note that the entire process, from completing Phase 2 to receiving the live account credentials, typically takes up to 72 hours if all steps are completed correctly. However, it’s important to be aware that delays may occur if there is a need for additional iterations in the KYC process. For a smooth experience, ensure that you follow the provided guides and submit accurate documentation during the onboarding process.
Leverage is set as follows: up to 1:100 for Forex, 1:80 for Gold and Silver, 1:20 for Indices, Commodities, and Oil, and 1:2 for Digital Currencies. For leverage ratios of 1:50 or lower, calculations will be adjusted proportionally.
All challenges have a maximum payout of 5%, except for Instant Funding, which requires a minimum profit target of 2.5%.
The payout can be requested after 20 trading days.
You can continue trading on your account until you reach the profit target, with no time limit.
Yes, it’s mandatory to make a Solex Funding internal KYC in order to be aligned with AML policies. If your not passing the KYC we are not able to make a payout.
Payment, Payout and Additional services
After you request a payout, it may take up to 5 working days for the funds to be processed and received.
Coming soon.
You can initiate withdrawal requests via your dashboard, processed within 48 to 72 hours. The minimum withdrawal amount is $100.
Please note withdrawals are made through Rise, and funds are transferred to your Rise account, allowing you to choose between crypto or wire transfer for withdrawal.
Yes, but only for the two-step challenges, and only when you reach the first payout. It is not available immediately after the purchase.
For the one-step challenge and both two-step challenges, the profit split is always 80%. For Instant Funding, it starts at 40% on the first payout and increases by 5% with each subsequent payout.
Your certificate will be available on the Dashboard once you receive your simulated funded account.
A discount is offered for a retry on the same or a larger challenge size if you fail the evaluation within the given period.
It depends on the specific case; you need to contact support for assistance.
Our technology is powered by TradeLocker and Metatrader.
After purchasing an account and having a client account, you can apply to become an affiliate through your dashboard area. Approval takes 48 to 72 hours.
This rewards program offers benefits for customers who have purchased multiple challenges, including discounts and free challenges based on your purchase history.
We accept credit/debit cards and cryptocurrencies.
Use our calculator available in the dashboard to calculate your position size.
Our refund policy details are available at the designated section on our website.
The receipt is sent automatically to your email after your purchase.
Legal
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