what is Purpose of Evaluation?
The evaluation is conducted to assess the trader’s skills, consistency, and risk management capabilities before providing live trading funds, ensuring they are prepared to trade responsibly and profitably.
Can I receive additional capital if I consistently perform well?
Yes, if you consistently perform well with FundedVix, you may be eligible to receive additional capital with FundedVix, up to ₹1 crore. FundedVix has a progression model that rewards disciplined and profitable traders by increasing their capital allocation over time. By meeting profit targets, maintaining solid risk management, and following trading guidelines, you can unlock
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Is there a penalty for taking too many trades or overtrading?
No, But overtrading may be considered a risk, and it could affect your evaluation outcome if it doesn’t align with the risk management criteria.
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Does FundedVix provide automated trading (Algo trading) options?
FundedVix encourages manual trading but may allow automated trading with prior approval and under strict guidelines.
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Can I pause my evaluation if needed?
You can contact support ([email protected])if you need a pause, but pausing may affect the time left in the evaluation, so it’s best to discuss options beforehand.
Are there progression levels for funded traders?
Yes, FundedVix offers progression levels for funded traders to reward consistent performance and profitability. As traders demonstrate responsible trading and reach set profit targets while adhering to risk management rules, they may be eligible for increased capital allocation.
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What criteria are used to evaluate my trading performance?
FundedVix evaluates your trading performance based on specific criteria that reflect profitable and disciplined trading. Key evaluation criteria include: Meeting these criteria helps demonstrate that you can trade profitably and responsibly, aligning with FundedVix’s goals for long-term trading success.
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Does FundedVix review my trades?
Yes, FundedVix reviews your trades as part of the evaluation and ongoing performance monitoring. This review process ensures that you’re adhering to the platform’s risk management guidelines, trading rules, and style requirements (such as day trading or scalping). FundedVix provides feedback based on these reviews, which can help you refine your strategies and improve trading
Is there a specific trading style FundedVix prefers?
FundedVix prefers specific trading styles and allows only day trading or scalping. These styles align with FundedVix’s risk management and evaluation criteria, ensuring traders focus on short-term strategies within the trading day. Positions must be closed by the end of each day, as overnight holding is typically not permitted. This approach helps maintain consistency and
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What happens if I exceed my risk limit during the evaluation?
If you exceed the set risk limit, it may lead to a failed evaluation, and you’ll have to reapply if you want to try again.
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