| Evaluation Phase | Pinex Trader Account |
Number of Phases | 1 Phase | Live Account |
Reward Target | 4% of starting capital | No target |
Maximum Drawdown | 8 % trailing | 6 % trailing |
Daily Drawdown | None | 3 % |
Minimum Trading Days | 1 day | 3 days (min. 0.5% reward per day) |
Consistency Rule | None | Yes, max. 20% of total reward per day |
Leverage | up to 1:100 | up to 1:50 |
Reward Rate | – | 80 % |
Reward | – | Available after 21 business days |
How does the evaluation phase work?
You only need to pass a single phase to unlock your Pinex Trader Account. The reward target is 4% of your starting capital. There is no daily drawdown and no consistency rule, allowing you to trade with full flexibility. The minimum trading period is one day.
How does the maximum drawdown work?
The maximum drawdown is trailing and is based on the higher value between your balance and equity at the time of the market rollover (00:00 CET, Berlin). It increases when your balance or equity reaches a new high at rollover, but it does not decrease if your equity drops afterward.
Once the drawdown level reaches your starting capital, it becomes fixed and no longer moves. After a reward payment, the trailing drawdown is reset to 6% below the starting capital (in the Pinex Trader Account).
Drawdown overview:
Evaluation phase: 8% trailing
Pinex Trader Account: 6% trailing
This model helps protect your rewards and ensures disciplined risk management.
Is there a daily drawdown?
Evaluation phase: No daily drawdown
Pinex Trader Account: 3% daily drawdown, based on the higher value between balance and equity at the time of market rollover (00:00 CET, Berlin)
What happens after passing the evaluation?
Once you pass the evaluation and pay the challenge fee, you receive your live Pinex Trader Account. From that point on, the rules for the Pinex Trader Account apply.
Reward payments are possible after 21 business days. The standard reward rate is 80%, which can be increased up to 90% with the appropriate add-on.
What is the consistency rule?
The consistency rule applies only to the Pinex Trader Account. To qualify for a reward payment, your most profitable trading day must not exceed 20% of your total profit within the reward period.
This ensures that your performance is based on consistent trading over multiple days, rather than a single large trade.
If the 20% limit is exceeded in a single day, your account will not be blocked, and you will not lose access. You can continue trading normally. However, reward payments will not be possible as long as your most profitable day accounts for more than 20% of your total profit.
By continuing to trade and generating profits on other days, this ratio will automatically adjust. Once your best trading day falls back below the 20% threshold, you can request a reward payment again as usual.
In the evaluation phase, there is no consistency rule.
News Trading and Weekend Trading
Evaluation phase: News trading as well as holding positions overnight and over the weekend are fully allowed. You can execute your strategy without restrictions.
Pinex Trader Account: News trading is not allowed, and positions cannot be held over the weekend. All open trades must be closed before the weekend, and trades around major news events are prohibited.
Is there a minimum or maximum number of trading days?
Evaluation phase: no requirement.
Pinex Trader Account: To be eligible for a reward payment, you must complete at least 3 qualified trading days. A qualified trading day is a day on which you achieve at least 0.5% profit based on your starting capital. Days with lower profit, losses, or no trades are not counted.
Example for a €10,000 account:
A qualified trading day is any day where you make at least €50 profit. If you make €80 on day 1, €30 on day 2, and €120 on day 3, only day 1 and day 3 count as qualified trading days.