Frequently Asked Questions
In this section, we answer your frequently asked questions. If you have a question that is not addressed here, please contact us.
How many phases do the challenge accounts have?
The challenge consists of two phases, and both phases must be passed.
What are the profit targets for each phase?
The profit target is 5% in Phase 1 and 7% in Phase 2.
Does the 5-trading-day rule and Smart Drawdown apply to both phases?
Yes. A minimum of five trading days is required in both challenge phases and in the funded stage.
Smart Drawdown applies only in the funded stage, where the highest account balance during the day is used as the reference point for the 5% drawdown calculation.
How do I prevent my funded account from becoming invalid?
Funded accounts have no time limit. They only become inactive if:
- No trades are opened for 30 full days, or
- Risk management rules or other regulations are violated.
Can I withdraw profits after reaching 1% on the real account?
Yes. Profit withdrawals are allowed after reaching 1% profit.
The minimum withdrawable amount is also 1% profit.
What percentage of profits belongs to the trader?
- 90% for monthly withdrawals
- 70% for 10-day withdrawals
How is a “trading day” defined in each phase?
- Phase 1: Any day with at least one trade.
- Phase 2 & Funded Stage: A day where total profit or loss reaches 1% of the starting balance.
What are the conditions for a Senior Trader?
The maximum daily realized profit in the funded stage is capped at 10% of the initial account balance.
Is IP change allowed?
Yes, IP changes are allowed. However, if multi-accounting or abuse is detected, the account will be deactivated.
Is KYC required to buy or start a challenge?
No. However, KYC is mandatory for participants who wish to join the IB plans.
What does the Risk Concentration Limit mean?
No single position may constitute more than 30% of the total account profit in the funded stage.
Any profit above this limit will not be counted.
What does Lot Scaling Discipline mean?
You may increase your lot size by only 30% above your average lot size in the funded stage.
If this rule is violated, the profit from that trade will not be counted.
Are any trading strategies prohibited?
Yes. The following strategies are not allowed:
HFT, Arbitrage, Internal or External Copy-Trading, Hedging, Reverse Trading, Bug exploitation, Latency exploitation, price delay abuse, or any unconventional strategy.
Is scalping allowed? What are the tick-scalping limits?
- Phase 1: Scalping allowed, no tick-scalping limit.
- Phase 2: Maximum 5 trades per minute.
- Funded Stage: Only trades open longer than 1 minute count; maximum 3 trades per minute.
What is the risk-per-symbol rule?
Active only in Phase 2 and the funded stage.
You may not risk more than 3% of the account balance per symbol per day.
What is the maximum funding per trader?
The maximum funding per trader is $100,000.
Is there a limit on trade size?
Yes. Trade size depends on the account leverage and account balance.
Is the challenge fee refundable on the real account?
Yes. After one successful month in the real account and your first profit withdrawal, 70% of the challenge fee will be refunded.
What are the trading commissions?
Commission rates for each asset class and instrument are listed on the rules page of the website.
Can multiple challenges be merged?
No, account merging is not allowed.
How many challenge accounts can be purchased in one user profile?
There is no limit on the number of challenge accounts you can buy.
However, the maximum total funding is $100,000.
(For example, a trader may pass four 50K challenges, but will not receive more than $100,000 in funding unless a previous funded account is lost.)
Is scaling available?
No. Scaling is not available in any form—neither through account merging nor long-term profitability.
What types of Expert Advisors (EAs) are prohibited?
Trading EAs are not allowed.
Only risk-management EAs or robots approved by the ViFox technical team are permitted.
EAs that provide analysis only and do not execute trades are also allowed.
In ViFox Fund challenges that show “Copy-Trading Forbidden”, what does it mean?
It means your trades must not show abnormal similarity to trades of other participants in ViFox Fund.
Can I have multiple user accounts under my name?
Absolutely not.
KYC is required to advance to the funded stage, and any multi-accounting will result in account locking.
Do I need KYC to use ViFox Fund?
No. KYC is not required for purchasing accounts or completing Phase 1 and Phase 2.
However, after passing both phases, KYC becomes mandatory for AML compliance, fraud prevention, and secure payouts.
KYC includes:
- Valid ID – national ID, passport, or official government ID.
- Proof of Address – utility bill, ownership document, postal verification, etc.
Banking Documentation – bank card (with sensitive data covered), or official banking documents showing your name and IBAN.
If any of the three required categories are incomplete, KYC will not be approved and funding will not be paid until completion.
If I receive a free account or free funding as a gift from ViFox, can it be activated on another email?
No. Gifts are issued to the email registered in the system.
If activated under a different email—even if activation succeeds—the account will be locked for violation of rules.