FAQ – PaidPex – Fastest Paying Prop Trading Firm

How many accounts can I have?

Each client can have up to 20 funded accounts under their name.

Is PaidPex available to traders in the USA?

Yes, traders from the USA are welcome to open accounts with PaidPex.

What trading platform do you use?

At PaidPex, we use our own custom-developed web trading platform, designed to provide a seamless and intuitive experience similar to TradingView. This platform is optimized for trading across a wide range of assets, offering comprehensive charting tools, indicators, and analytics to meet the needs of all skill levels. Its user-friendly interface ensures that both new and experienced traders can navigate easily, making it convenient and efficient for executing trades and analyzing markets in one centralized location.

Can I use MT4/5?

We don’t use MT4/5 at PaidPex. Instead, we’ve developed our own unique web platform, offering similar features with enhanced convenience and tools tailored specifically for our trading environment.

What instruments can I trade on PaidPex?

At PaidPex, we take pride in being the prop firm offering the widest variety of trading instruments in the world. On our platform, you can trade over 100 stocks, more than 100 cryptocurrencies, all major forex pairs, indices, metals, and even instruments you never thought could be traded. With over 500 trading instruments available in one place, we provide unmatched diversity and convenience for our traders.

What is the "Trade First, Pay After" model?

The "Trade First, Pay After" model allows traders to start their challenges without paying upfront. You only pay the challenge fee after successfully passing the challenge. You’ll receive a specific payment link after successfully passing the challenge. The payment must be completed before you can proceed to live trading.

How do I start a "Trade First, Pay After" challenge?

Simply select your preferred challenge size (50K, 100K, 200K, 300K, or 500K) on our website, fill out the registration form, and your account will be created immediately. You’ll receive a specific payment link after successfully passing the challenge. The payment must be completed before you can proceed to live trading.

Can I trade during major news events?

Yes, news trading is allowed, including trading directly before, during, or after significant announcements.

What are the fees, spreads and commissions at PaidPex?

We are proud to offer 0 Commissions, 0 Spreads and only a 0.1% Fee at PaidPex. Our goal is to attract and support more traders by providing a cost-effective and trader-friendly environment. With no hidden charges, you can focus entirely on your trading journey with us.

Can I open and close trades less then 90 seconds on PaidPex?

Active trading on PaidPex accounts is encouraged, but it must follow responsible trading practices. Specifically, opening and closing trades that last less than 90 seconds is restricted. Here’s how it works: You are allowed up to 2 trades lasting less than 90 seconds per trading day without issue. However, if you execute 3 or more trades under 90 seconds on two separate trading days (these days do not need to be consecutive), your account will be suspended. This rule is in place to maintain fair trading practices and protect the integrity of the platform.

What are the activation fees for PaidPex challenges?

For the Pay First, Trade After model, there is a flat $99 activation fee, regardless of account size. For the Trade First, Pay After model, activation fees vary depending on the challenge size. These fees are outlined on our homepage.

What is the profit target for funded accounts?

All Funded accounts must reach an 8% profit target before you can request a payout.

How many trading days are required before I can make my first payout?

You must trade for a minimum of 10 days before requesting your first payout. Between each payout there must be 10 trading days as well.

Can I use automated trading systems or bots on PaidPex?

Yes, automated systems, including AI and trading bots, are permitted.

What is the daily drawdown limit on my account?

The daily drawdown limit is capped at 4% of your starting balance. This limit helps ensure responsible trading and prevent significant losses. For example, a 100K account can't lose more than 4,000$ per trading day.

What is the overall drawdown limit?

The total drawdown limit on accounts is set at 8% of your starting balance, providing a safety measure to avoid significant losses. For example, if you have a 100K account, your account can't reach 92,000$. If it reaches 92,000$, the account will get suspended. Our drawdown is not a trailing drawdown, allowing traders more flexibility.

How do payouts work at PaidPex?

At PaidPex, we have a structured and transparent payout process: 1) Profit Target Requirement: When you receive a funded account, you must first reach an 8% profit target to become eligible for a payout. 2) Trading Day Requirement: A minimum of 10 trading days is required before you can request your first payout.

How much can I withdraw for my first payout?

For new accounts, payouts are capped at $2,500 per payout for the first (1) payout. After the first payout has been sent, there is no cap on your account, and you can withdraw all of your earnings.

What leverage does PaidPex offer?

PaidPex provides leverage of up to 1:200, allowing you to maximize your trading potential while maintaining flexibility and control.

What payment methods are available for payout?

PaidPex offers flexible payout options, including bank transfer, PayPal, and cryptocurrency, to meet your preferences.

Do I get my challenge fee back with PaidPex?

Yes, the challenge fee you paid will be refunded with your first payout.

What is the 30% Consistency Rule?

On funded accounts, the 30% rule states that no more than 30% of the profit balance should come from a single trading day. If this occurs, you need to continue trading until the profit distribution complies with this rule before making a payout request.

Why do I need to complete KYC verification?

KYC verification ensures the identity of each trader, preventing unauthorized access and helping PaidPex maintain a compliant, secure environment.

What does PaidPex's AML policy entail?

Our AML policy detects and prevents money laundering, requiring clients to comply with KYC and AML standards before any payout. These policies ensure a safe, transparent trading platform for all clients.

Can I hold my positions during market close hours and on weekends?

Yes, you can hold your positions 24/7, including over weekends. We support swing trading, providing flexibility beyond the constraints of day trading.

Can I trade Stocks on PaidPex?

Yes, you can trade stocks on PaidPex. Our platform offers access to over 100 stocks, providing a diverse range of trading opportunities.

Can I trade Crypto on PaidPex?

Yes, you can trade cryptocurrencies on PaidPex. Our platform offers access to over 100 cryptocurrencies, including major coins, altcoins and even meme coins, providing a diverse range of trading opportunities.

What is the minimum number of trading days required for my challenge?

Challenges have no minimum trading day requirement and can be completed in as little as one day.

Where is your company based?

Our company is registered as Paidx Ventures LTD, Registration Number 15656121, 95 Wilton Road, SW1V 1BZ, London, United Kingdom.

Who can I contact for support?

Our support team is available to assist with any questions or issues. You can reach us via email at [email protected].