Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
One-Step vs Two-Step Funded Account Challenge: A Detailed Comparison
A one-step funded account challenge asks you to pass a single evaluation to get funded. It's faster, but the risk limits are usually tighter. A two-step challenge splits the test into two phases. It takes longer, but…
Programs That Let You Trade Their Money: How They Work and What to Watch For
Programs that let you trade their money are proprietary trading firms — often called funded trading programs. In plain terms, you prove your skill (usually by passing a paid evaluation, or by buying instant access),…
How Long Does It Take to Pass a Funded Challenge?
There's no fixed number, but the floor is set by the firm's minimum trading day rule. Some firms let disciplined traders pass in as few as two days. Others require at least four. A handful have no minimum at all. In…
Prop Firm Challenge vs Instant Funding: A Detailed Comparison
The difference between a prop firm challenge and instant funding is the evaluation. A challenge makes you prove your skill by hitting a profit target within risk limits before you trade firm capital — usually…
How Many Funded Accounts Can You Have at Once?
There's no single number—each prop firm sets its own cap, and they do it two different ways. Some limit the count of active funded accounts: certain firms allow around three active funded (sim) accounts, while others…
Prop Firm vs Broker Account: A Comprehensive Comparison
The core difference is whose capital you trade and how you pay for access. A broker account trades your own money; you pay per trade through spreads or commissions and keep all the profit. A prop firm trades its…
How Much Does a Funded Trading Challenge Cost? Pricing, Fees, and True Cost
A funded trading challenge usually costs a one-time evaluation fee, from around $50 for a small account to several hundred dollars for a six-figure account. That sticker price is only the floor. Retries, platform and…
Prop Firm vs Personal Trading Account: A Comprehensive Comparison
A prop firm lets you trade its capital after you pass a paid evaluation. You keep a large share of the profits, but you follow strict rules. A personal trading account uses your own money. You keep everything and…
How Much Money Can You Make with a Funded Account?
There's no fixed salary. What you earn equals your account size × your monthly return × your profit split. On a $50,000 account at a 90% split (a level some leading firms offer), a hypothetical 4% month would pay you…
Prop Firms That Allow Automated Trading: Your Complete Guide
Yes—many proprietary trading firms allow automated trading. Plenty of forex-focused firms permit Expert Advisors (EAs) and algorithmic strategies, and many futures firms let you run bots through an official API or a…
How Realistic is Passing a Funded Trading Challenge?
Passing is hard, but not impossible. Among the few firms that publish their numbers, pass rates are low—often only a small single-digit percentage of candidates clear an evaluation in a given year. A funded trading…
Prop Firms That Allow Expert Advisors: Your Complete Guide
Yes — plenty of prop firms allow Expert Advisors (EAs), the automated trading robots that run on MetaTrader 4 and 5. Among reputable, EA-friendly firms, some permit algorithmic trading and EAs as long as your…