Frequently Asked Questions
Find answers to common questions about Hedge Funding’s evaluation process, trading rules, profit splits, and more. If you need further assistance, contact us at support@hedgefunding.com.
What is the evaluation process for Hedge Funding?
Our evaluation consists of two phases. In Phase 1, you need to achieve an 8% profit target while adhering to a 5% daily drawdown and 12% overall max loss, with a minimum of 3 trading days. In Phase 2, the profit target is 5%, with the same risk limits and a minimum of 2 profitable days (each at least 0.5% profit). Upon passing, you receive a funded account with an 80% profit split.
What instruments can I trade?
You can trade forex pairs, commodities, indices, and select cryptocurrencies. A full list of available instruments is provided in the dashboard upon starting your evaluation. We recommend checking the specific spreads and leverage details in your account settings.
What are the challenge fees, and are they refundable?
Challenge fees range from $149 for a $5,000 account to $999 for a $100,000 account. These fees cover the evaluation process and are non-refundable, as they support the infrastructure and resources needed to assess your trading performance.
How does the daily drawdown work?
The daily drawdown limit is 5% of your starting balance, resetting at 00:00 server time each day. For example, on a $10,000 account, you cannot lose more than $500 in a single day. This is calculated based on your equity, including open positions.
Can I hold positions over the weekend?
Yes, you can hold positions over the weekend during the evaluation phases, but be aware of potential market gaps that could affect your drawdown limits. Once funded, check your account terms, as some restrictions may apply based on your trading strategy.
How often are payouts processed?
Payouts for funded accounts are processed bi-weekly, provided you meet the minimum withdrawal threshold of $100 and have no rule violations. You can request payouts via the dashboard, and funds are typically transferred within 3-5 business days.
What happens if I breach the drawdown rules?
Breaching the daily drawdown (5%) or overall max loss (12%) results in the termination of your evaluation account. You can restart the challenge by purchasing a new evaluation. Funded accounts that breach rules may be reviewed or closed, depending on the severity.
Can I scale my funded account?
Yes, after 3 months of consistent profitability, you may qualify for a profit split increase to 85%. Further growth can lead to a split of up to 90% and potential account size increases, subject to performance reviews and agreement terms.
What platforms can I use for trading?
We support MetaTrader 4 and MetaTrader 5 for evaluation and funded accounts. You’ll receive login credentials for your chosen platform upon starting the challenge. Ensure your device meets the platform’s requirements for optimal performance.
Is there a time limit for completing the evaluation?
No, there is no time limit for completing either phase of the evaluation. You can trade at your own pace, as long as you adhere to the risk rules and minimum trading day requirements.