Minimum Trading Days in Prop Firm
At FXCI, we understand that aspiring traders need clarity on the path to a funded account. A key aspect of our evaluation process is the concept of “minimum trading days,” which applies to certain challenge types. This requirement helps us assess a trader’s consistency and activity in the market. This article explains the minimum trading days rules for our different challenge types and how they affect your journey to becoming a funded trader.
FXCI Trading Challenges
We offer two distinct challenge types: the Boosted Challenge and the Unlimited Challenge. Each is designed to cater to different trading styles and risk preferences. The core difference lies in their structure and the minimum trading days requirement.
Here’s a table summarizing the key differences:
| Feature | Swing | Intraday� | Instant� |
| Phases | 1 | 2 | 1 |
| Profit Target | P1: 8%, P2: 5% | 10% | – |
| Maximum Daily Loss | 5 | 3 | – |
| Drawdown Type | Balance Based | Balance Based | Balance Based |
| Minimum Trading Day | P1: 3, P2: 2 | 3 | – |
| Profit Split Up to | 99% | 99% | 50% |
| News Trading | ✔️ | ✔️ | ✔️ |
| Trade Copier | ✔️ | ✔️ | ✔️ |
| First Reward | 14 days | 14 days | 24 hours |
| Subsequent Rewards | 14 days | 14 days | 24 hours |
Benefits of each challenge:
FXCI Swing Challenge: This challenge offers flexibility with no time limit, easy profit targets (8% and 5%), and generous profit-sharing of up to 99%, while allowing trading through news events and weekends.
Instant Model Challenge: With no profit target, a 10% maximum drawdown, and payouts within 24 hours, this challenge provides immediate access to funded accounts with high leverage and no consistency rule, offering maximum flexibility.
FXCI Intraday Model Challenge: This challenge offers high leverage of up to 1:100, a profit split of up to 99%, and easy profit targets (8% in Phase 1 and 5% in Phase 2), with bi-weekly payouts and zero commissions, allowing traders to trade with minimal risk.
Minimum trading days requirement
- FXCI Swing Challenge: This challenge requires a minimum of 3 trading days in Phase 1 and 2 trading days in Phase 2, ensuring enough time to meet the profit targets of 8% and 5%.
- Instant Model Challenge: There isno minimum trading day requirement, giving traders the freedom to trade at their own pace without any time constraints or restrictions.
- FXCI Intraday Model Challenge: The Intraday Model requires a minimum of3 trading days to complete each phase, allowing traders to manage risk while striving for the profit targets of 8% in Phase 1 and 5% in Phase 2.
FXCI Prop Firm Account Types
| Account Size | Swing Challenge | Intraday 1-Phase Raw Spreads | Intraday 2-Phase Raw Spreads | Intraday 1-Phase NO Commission | Intraday 2-Phase NO Commission | Instant Challenge Raw Spreads | Instant Challenge NO Commission |
| $500 | – | – | – | – | – | $40 | $40 |
| $1,500 | – | – | – | – | – | $120 | $120 |
| $2,500 | – | – | – | – | – | $200 | $200 |
| $5,000 | $69 | $59 | $49 | $59 | $49 | $400 | $400 |
| $10,000 | $147 | $109 | $99 | $109 | $99 | $700 | $700 |
| $25,000 | $247 | $199 | $189 | $199 | $189 | $1,600 | $1,600 |
| $50,000 | $357 | $309 | $299 | $309 | $299 | $3,000 | $3,000 |
| $100,000 | $577 | $509 | $499 | $509 | $499 | $6,000 | $6,000 |
| $200,000 | $1097 | $959 | $949 | $959 | $949 | $12,000 | $12,000 |
| $300,000 | – | – | – | – | – | $15,000 | $15,000 |
Why Minimum Trading Days Matter
The minimum trading days requirement in the Boosted Challenge serves a crucial purpose in our evaluation process. It helps us assess a trader’s consistency and ability to actively manage trades over multiple days. This reflects real-world trading scenarios where consistent engagement is often key to long-term success. It also helps us filter out traders who might rely on sporadic large wins rather than demonstrating consistent profitability. The minimum trading days rule, therefore, contributes to identifying traders who possess the discipline and skills necessary for sustained success in the markets. It ensures that funded traders are prepared to handle the demands of trading with larger capital and manage risk effectively over extended periods.
Position Sizing Recommendations
Determining the appropriate position size for each trade is crucial for managing risk. A common approach is to risk a fixed percentage of your account balance on any single trade, typically between 1% and 2%. For example, with a $10,000 account and a 1% risk tolerance, you wouldn’t risk more than $100 on a single trade. This helps protect your capital from significant drawdowns.
Managing Stop-Loss Orders
Stop-loss orders are essential for limiting potential losses. They automatically close your trade at a predetermined price level if the market moves against you. The placement of stop-loss orders should be based on your trading strategy and market conditions, considering factors like volatility and support/resistance levels.
Managing Take-Profit Orders
Take-profit orders work similarly to stop-loss orders, but they close your trade when a predetermined profit level is reached. Setting realistic take-profit targets is vital for securing profits and avoiding the temptation to hold onto winning trades for too long, potentially giving back gains.
Hedging Strategies at FXCI
FXCI allows hedging as part of its flexible trading rules. Hedging involves opening offsetting positions to reduce risk exposure. While hedging can be a useful tool, it’s important to understand the implications for margin usage and overall trading strategy. Consult our detailed trading rules for specific guidelines on hedging within FXCI challenges.
FAQ:
If you don’t meet the minimum trading days requirement, you will not pass the evaluation. The challenge fee is non-refundable, but you can purchase another challenge to try again.
Yes, holding trades over the weekend is permitted in FXCI challenges. However, be aware of potential gaps in market prices that can occur between Friday’s close and Monday’s opening. These gaps can impact your account balance and should be factored into your risk management strategy. All trades must be closed by Friday 3:45 pm EST.
FXCI provides a competitive profit split structure, offering up to 99% of the profits to traders after they successfully complete a challenge. The exact percentage depends on the specific challenge chosen.