Frequently Asked Question
Curious about our challenges? Dive into our FAQs for answers to all your questions.
MatrisX Capital is a proprietary trading firm that empowers traders to utilize up to $150k of their own capital.
With a 2.5% per trade risk, you can risk 2.5% of your account on a single trade. If you exceed this limit, you will receive a warning email from MatrisX, and your trade will be closed. You have three chances, and after that, your account will be breached.
For example, if you have a $5,000 account:
* The maximum total daily loss is 4% of your initial balance, which equals $200.
* If you take a buy on GBP with 1 lot, your stop loss will be 2.5%, which is $125.
Unfortunately, we do not offer free retries. However, since there’s unlimited time to complete the
evaluation, you can take as much time as you need to showcase your trading skills effectively.
Traders qualify for a payout 14 days after their first trade on the funded account, and again 14 days after
their first trade following a withdrawal. To be eligible, the account balance must exceed the initial
balance, and no violations should be recorded. All positions must be closed for a payout to be
processed.
The Evaluation fee is fully refundable upon receiving your 3rd payout for the completed account.
However, if you fail the evaluation before reaching your 3rd payout, the fee is non-refundable.
Yes, both in Phase 1 and Phase 2, a minimum of 5 trading days is necessary to progress successfully.
During these days, at least one trade must be placed per day. It’s important to note that these trading
days don’t need to be consecutive, offering flexibility in scheduling.
If the profit target is reached before completing the minimum trading days requirement, traders can
place 0.01 trades to fulfill the remaining days. This ensures that the minimum trading days are met, even
if the profit target is achieved earlier than expected.
Adhering to this minimum requirement allows traders to demonstrate consistency and active
participation in the trading process, essential for advancing successfully through the evaluation phases.
To become funded by MatrisX Capital, you can start by applying through our platform. We evaluate traders
based on their skills and experience, and if you meet our criteria, you may qualify for a funded trading
account.
At MatrisX Capital, while copy trading is permitted, it must be conducted exclusively on your personal account. Trading with another individual’s account is a violation of our rules and may result in the suspension of your account.
At MatrisX Capital, there’s no limit to the number of accounts you can trade. You’re free to purchase and trade multiple evaluations concurrently. Plus, we allow merging funded accounts up to a maximum of $150,000.
Yes, we allow every strategy except hedging, martingale,Tick scalping, high-frequency trading, arbitrage bots.
Reverse arbitrage.
Latency arbitrage.
Hedge arbitrage or any emulators are prohibited.
Certainly! Here’s a breakdown of the rules and regulations you need to be aware of:
1. **Prohibition of Cheating**: Cheating in any form is strictly prohibited. Traders must avoid using strategies on demo accounts that guarantee risk-free profits, as it doesn’t reflect real trading conditions. Funded Traders should approach trading as if using real money, ensuring fairness and integrity.
2. **Avoiding Rule Violations**: Traders must refrain from activities violating the rules, such as trading on delayed charts or using prohibited techniques like high-frequency trading or arbitrage bots. These practices disrupt market fairness and give unfair advantages.
3. **Password Security**: Traders are not allowed to change the provided password to access the trading platform. This ensures account credential security and maintains a fair trading environment.
Additionally, some prohibited strategies at MatrisX Capital include:
1. **High-Frequency Trading (HFT)**: Using high-speed algorithms to execute numerous orders within short time frames. HFT can create market volatility and disrupt fairness, hence its prohibition.
2. **Grid Trading**: Placing buy and sell orders at fixed price intervals above and below the current market price. While aiming for profit from price oscillations, it can lead to significant losses in volatile markets.
3. **Trading Delayed Data Feed or Chart**: Utilizing outdated or delayed market data for trading decisions, resulting in inaccurate analysis and increased risk.
4. **Arbitrary Trading**: Making trade decisions without solid analysis or adherence to a defined trading plan, leading to erratic performance and losses.
5. **Hedging Activities and Gambling**: Engaging in hedging activities with other firms or gambling is strictly prohibited.
The policy on tick scalping : MatrisX has implemented restrictions on tick scalping, a trading technique characterized by rapid, high-frequency trading to profit from minor price changes. This practice is regulated due to its potential for market manipulation and disruptive trading behaviors.
Example: Tick scalpers may utilize automated algorithms to execute numerous trades within a short timeframe, exploiting even the slightest price fluctuations. This can result in unfair advantages, such as front-running other market participants, and can disrupt market liquidity by overwhelming it with rapid orders and cancellations.
Traders should familiarize themselves with these rules to ensure compliance and responsible trading practices, maintaining a fair and professional trading environment for all participants.
If you don’t make a trade at least once every 30 days on your account, it will be considered inactive,
resulting in a breach.
The term “Maximum Total Loss” refers to the highest allowable amount of loss in a trading account. In our context, the maximum total loss permitted is 8%. To illustrate, let’s consider an example: If your trading account has a balance of $150,000, the maximum total loss you can experience without breaking the rules is $12,000. This implies that your account equity, inclusive of any unrealized or floating positions, must not fall below $138,000. Maintaining the account equity above this threshold ensures effective risk management, providing a safety net to withstand potential losses while adhering to the specified limits. By establishing a maximum total loss, our aim is to encourage responsible risk management and safeguard traders from significant drawdowns, fostering a sustainable and well-balanced trading approach.
Absolutely, you can use EAs (Expert Advisors) for trading. We encourage traders to utilize their own
Expert Advisors as it enables customization of trading strategies according to individual preferences and
styles.
No, hedging across multiple accounts is not permitted at MatrisX. While hedging within the same account is allowed, executing opposing trades on the same asset across different accounts is considered a violation of our policy. This includes scenarios where individuals or groups operate multiple accounts to hedge trades simultaneously. We encourage traders to engage in legitimate trading strategies within a single account.
Due to restrictions with our payment exchange accounts, we are unable to offer services, including but not limited to trading and affiliate services, to persons residing in the following countries and regions:
Burundi
Central African Republic
Congo
Cuba
Crimea
Eritrea
Guinea
Guinea-Bissau
Israel
Kenya
Lebanon
Liberia
Libya
North Korea
Myanmar
Papua New Guinea
Sudan
Somalia
South Sudan
Syria
Russia
United States of America
Vietnam
Vanuatu
Venezuela
Yemen.
Yes,
But you can trade during news events, but there are strict rules:
1. Two-Minute Window Rule
No trades can be opened or closed within 2 minutes before or after a high-impact (red folder) news event.
This applies to take profits (TP), pending orders, and any trades triggered or closed during this window.
2. Evaluation and Challenges
Accounts passing evaluation through restricted trades will be disqualified.
These rules also apply to live accounts, with profits generated during the restriction excluded.
3. Affected Events & Instruments
Red Folder News: Defined by ForexFactory, including CPI, FOMC statements, Non-Farm Payroll, and similar events.
Impacted Pairs:
All Instruments: CPI, FOMC statements, and high-impact macroeconomic events.
Specific Pairs & News: USD, EUR, GBP, CAD, AUD, NZD, CHF, JPY, and commodities like oil.
4. High-Impact News Examples by Currency
USD: Non-Farm Payroll, CPI, GDP, FOMC meetings, and more.
EUR: PMI, CPI, GDP, ECB rate decisions, and retail sales.
GBP: CPI, GDP, BoE rate decisions, and industrial production.
CAD: CPI, GDP, BoC rate decisions, and employment changes.
AUD/NZD/CHF/JPY: Key central bank decisions, CPI, GDP, and similar data.
5. Commodities
Crude oil inventories and CAD-related news impact oil trading.
Final Note: Following these rules ensures fair trading and compliance with challenge requirements. Always verify upcoming events to avoid violations.
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All information disseminated by MatrisX Capital and its affiliates is intended solely for general informational purposes. It should not be construed as investment advice, nor should it be regarded as an offer or solicitation to buy or sell securities, or as an endorsement of any security, company, or fund. Testimonials provided may not be indicative of outcomes for other clients or guarantee future performance. MatrisX Capital operates as an Introducing Broker, granting access to demo accounts within a simulated trading environment. Our services are designed to evaluate professional skills, with results contingent upon individual proficiency and adherence to program guidelines. Hypothetical performance results come with inherent limitations and do not accurately reflect real trading conditions; actual results may vary significantly. These simulated results do not factor in financial risk or the various market influences affecting live trading. While MatrisX Capital does not provide investment advice, we emphasize the high-risk nature of trading in financial markets and caution against risking more than one can afford to lose. Additionally, MatrisX Capital funded accounts are fully simulated and utilize authentic market quotes from liquidity providers.All program fees at MatrisX Capital are directed towards covering operational expenses, including staff, technology, and other essential business needs. MatrisX Capital exclusively focuses on Trading Education, thus exempting it from regulatory authorization as it does not conduct regulated activities.
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