If I have no experience in the trading world, how do I get started?
Everyone starts somewhere. The key is having the desire and willingness to work hard. Trading isn’t just about spotting opportunities—it also involves managing your own mindset, which is something many people underestimate. Trading can be incredibly rewarding when you identify and execute an opportunity correctly, but it can also have the opposite effect.
How many accounts can I manage?
You can purchase and trade multiple Evaluations simultaneously. We allow funded accounts to be combined up to a maximum of 400K.
What are the next steps after purchasing the challenge?
Once you’ve completed your challenge purchase and the payment has been processed, you’ll receive an email with your login details for our dashboard and access credentials for MetaTrader (the most widely used trading platform). Then, simply log in to the dashboard, install MetaTrader, access your account, and start trading.
Do I have to pay taxes on my withdrawals?
The answer to this question can vary greatly depending on your local jurisdiction and tax laws. In many countries, any profit from trading or earnings received from a company like Blocksfunding.com may be considered taxable income.
Therefore, it is highly recommended that you consult with a qualified tax advisor or accountant who is familiar with the specific tax laws and regulations in your country.
Blocksfunding.com does not withhold taxes from your withdrawals. It is the responsibility of each individual trader to report their earnings and comply with their local tax laws.
Is Stop-Loss Mandatory?
Stop-loss usage at Blocksfunding is not mandatory, but it is highly recommended.
Is there any Inactivity Rule?
Yes. An account is considered inactive if no trades are placed for 30 consecutive days.
After 30 days of inactivity, the account will be permanently deactivated and cannot be recovered.
How to Keep Your Account Active?
Simply place at least one trade within the 30-day period to avoid deactivation.
Traders can always check their inactivity days counter inside the account dashboard.
Can I trade during weekends and news periods?
By default, you are not allowed to hold positions over the weekend.
You CAN trade during news periods, but only during the Evaluation Phase. News trading is NOT allowed during the Simulated Funded Phase. Keep in mind that removing these restrictions affects both profits and losses, so proper risk management is required. It’s also important to note that recent studies have shown that stock markets tend to experience their most significant movements while they are closed.
What strategies are NOT allowed?
These are the strategies NOT allowed
High-Frequency Trading (HFT)
Trades lasting less than 60 seconds and Grid trading | Arbitrage trading | Hedge trading | Latency trading | Reverse trading | Tick scalping | Hyperactivity
We reserve the right to immediately close your account if any of these are detected.
Can I use EAs/cBots or indicators?
Yes, we allow the use of Expert Advisors (EAs)/cBots and indicators, as long as they follow a strategy permitted by Blocksfunding. However, we recommend that you verify the source of these EAs and indicators.
EA or cBots cannot be used on Directs challenges.
Can I do copy trading?
Manually copying trades between your own accounts is permitted only during the Evaluation Phase, as long as the account balances are different. (Never during the Funded phase)
For example, you may manually copy trades if one of your accounts has a 5K balance and the other has 25K.
Copying trades automatically or manually between Funded accounts (either between two funded accounts or between a challenge and a funded account).
Copying trades between accounts with the same balance, whether done manually or automatically.
Using external copy tools such as Trader-Copier, Social Trader Tools, TraderConnects, etc.
Copying trades between different clients’ accounts.
If we detect improper use of copy trading on any account, it will be considered a violation of the rules and may result in corrective actions, including account termination and removal from the program.
Consistency Rule on Direct funded
For Direct Funded Challenges, a 30% consistency rule applies – a single trading day’s profits cannot equal or exceed 30% of total profits.
If daily profits reach or exceed 30% of the total gains in that period, withdrawals are blocked until the highest profit day falls below 30% of total profits for that period.
Impact on Your Account Exceeding the 30% rule won’t terminate your account. You must continue trading until your highest profit day represents less than 30% of total profits.
Example: If you make $1,500 in one day, you’ll need to reach at least $5,000 in total profits during that period to withdraw funds.
If I have no experience in the trading world, how do I get started?
Everyone starts somewhere. The key is having the desire and willingness to work hard. Trading isn’t just about spotting opportunities—it also involves managing your own mindset, which is something many people underestimate. Trading can be incredibly rewarding when you identify and execute an opportunity correctly, but it can also have the opposite effect.
How many accounts can I manage?
You can purchase and trade multiple Evaluations simultaneously. We allow funded accounts to be combined up to a maximum of 400K.
What are the next steps after purchasing the challenge?
Once you’ve completed your challenge purchase and the payment has been processed, you’ll receive an email with your login details for our dashboard and access credentials for MetaTrader (the most widely used trading platform). Then, simply log in to the dashboard, install MetaTrader, access your account, and start trading.
Do I have to pay taxes on my withdrawals?
The answer to this question can vary greatly depending on your local jurisdiction and tax laws. In many countries, any profit from trading or earnings received from a company like Blocksfunding.com may be considered taxable income.
Therefore, it is highly recommended that you consult with a qualified tax advisor or accountant who is familiar with the specific tax laws and regulations in your country.
Blocksfunding.com does not withhold taxes from your withdrawals. It is the responsibility of each individual trader to report their earnings and comply with their local tax laws.
