Tradicave has introduced a new 1-Phase DXtrade Challenge, designed to offer traders clear objectives and flexible conditions. This challenge provides an opportunity to achieve funding by meeting straightforward profit targets while adhering to specific drawdown limits.
Profit Target and Drawdown Limits
The DXtrade Challenge requires traders to reach a 3% profit target to qualify for funding. To manage risk, traders must also stay within a 5% daily drawdown limit and a 15% overall drawdown limit. These parameters are set to balance the opportunity for profit with disciplined risk management.
No Lot Consistency Rules
In the DXtrade Challenge, Tradicave does not enforce lot consistency requirements. Instead, traders are given the flexibility to adjust their lot sizes according to their strategy within the bounds of maximum lot rules. This approach allows traders to focus on their trading strategies without lot size restrictions.
Flexible Trading Schedule
Tradicave offers the flexibility to trade during news events and over weekends, with no restrictions imposed by the challenge. This enables traders to take advantage of market opportunities as they arise, regardless of timing.
Leverage Options Across Asset Classes
The challenge includes leverage options tailored to different asset classes: up to 1:30 on Forex pairs, 1:20 on Metals, and 1:10 on Indices. These leverage ratios provide the tools traders need to engage with various markets while managing their exposure appropriately.
Weekly Payouts and Profit Split
Traders who succeed in the DXtrade Challenge can benefit from weekly payouts with a 25% profit split. To maintain eligibility for these payouts, traders must meet a 25% profit cap, ensuring consistent performance.
This new 1-Phase DXtrade Challenge by Tradicave outlines clear objectives and offers the flexibility needed for traders to navigate the markets effectively.
