What Trading Instruments are available on Fundix?
For now, only currency pairs are available on Fundix. However, more instruments may be added in the future.
Q1. How do withdrawals work?
If you have a balance in your Fundix wallet, you can request a withdrawal at any time. The minimum withdrawal amount is $1. All withdrawals are made with crypto - in USDC on the Polygon network, so you’ll need a compatible wallet.
We typically process withdrawals within 2 business days. However, in rare cases, it may take up to 7 business days.
Q2. How can I access the Fundix app?
Fundix is available only on Android devices for the time being.
Q3. What percentage of the profits do I get to keep after completing the Internship?
Once you become funded, you get to keep 20% of the profits you make.
Q4. What are the profit targets for Internship and Funded accounts?
For the Internship phase, the target profit is $250 per week, and $1000 for the 4 weeks of the Internship.
For funded clients, you must make a profit of $1000 to receive your share split. There is no time limits during this phase.
Q5. What happens if I don’t pass the Internship?
If you don’t pass the internship on your first try, don’t worry: all you have to do is try again! There’s no limit on how many times you can try, and practice makes perfect!
Q6. Can I trade on the Weekends?
Trading on weekends is not possible, as the markets are closed during that time.
Q7. Are there any hidden rules or strategies?
Not at all. We try to keep things as simple and transparent as possible, so all rules are clearly stated in the length of one page. As for strategies, you can use whichever works best for you!
Q8. When do I receive my payout?
Payouts are made during the weekend, provided your trading week results in a positive PnL, meaning an increase in the initial capital given to you.
Q9. How is the weekly drawdown calculated during the Internship Process?
The Weekly Drawdown is defined as a fixed $1,000 loss from the account balance at the beginning of each trading week. This limit resets every Monday and applies only to the current week’s trading activity.
Example 1: Start-of-week equity = $100,000. Weekly drawdown limit = $99,000. Dropping below this amount any time during the week results in disqualification.
Example 2: Start-of-week equity = $100,300 (after prior week’s gain). Weekly drawdown limit became $99,300. A loss of $1,000 or more during this week ends the internship.
Q10. Do I need to invest any funds?
Not at all. No money is required from you before, or after the internship. The only thing we ask you to invest, is your time and knowledge.
Q11. Is holding available on weekends?
Yes, but only funded users are allowed to hold their positions during the weekends. It is not allowed for Internship users, meaning open positions of internship users are automatically closed on Friday 21:30 UTC Winter time and 20:30 UTC Summer time.
Q12. During what hours can I trade?
November - March:
Forex markets open on Sunday 22:05 UTC and close on Friday 21:30 UTC.
Daily break 22:00 - 22:05 UTC.
April - October
Forex markets open on Sunday 21:05 UTC and close on Friday 20:30 UTC.
Daily break 21:00 - 21:05 UTC.
Q13. I reached my profit target earlier. Can I get funded right away?
No. You must complete the full 4-week internship, and each week must show a positive Weekly PnL of $250 or more. We value consistency, and this rule ensures you're trading steadily, not just hitting one good week.
Q14. Do you have a scaling program?
Yes, we do! During the funded stage, once you reach your profit target and maintain it through to Friday market close, your capital will be automatically increased by $100,000 over the weekend. The updated balance will be available for trading starting the following Monday.
Note: Reaching the profit target midweek isn't enough - your equity must still meet or exceed the target by the market close on Friday for the scaling to apply.