Direct Funding allows you to start directly with a Pinex Trader Account without a prior Challenge. You receive the trading account immediately after signing up and can begin trading right away.
There is no upfront evaluation phase. Provided all trading rules are followed, eligible performance differences qualify for a reward payout in accordance with the Pinex Trader Program Agreement. You trade directly under real market conditions, which are replicated in our simulated environment.
Note: For anything not specifically covered in this article, the general Rulebook of PineX Capital applies.
Overview
Feature | Direct Funding |
Profit Target | No target |
Max. daily loss | 4% |
Max. total loss | 10 % (smart/trailing, locks at +5 %) |
Max. loss / trade idea | 2% |
Consistency rule | None |
Minimum trading days | 7 |
Reward Rate | 80% (up to 100% with Add-on) |
Payout | Every 21 exchange days (14 with Add-on) |
Loss reset after payout | No |
Drawdown rules
Exceeding the drawdown limits counts as a serious breach (Hard Breach) and leads to the immediate closure of the account.
Maximum Daily Drawdown – 4 %
The maximum daily drawdown defines the highest loss an account may reach within a single trading day. For Direct Funding it is 4 %.
How is it calculated? At the daily reset at midnight 0:00 CET, the higher value of your balance or your equity is taken. 4 % is deducted from that value — the result is your daily drawdown limit for the coming day.
Example 1: Higher equity
With a balance of $10,500 and equity of $10,700, your equity must not fall below $10,272 on that day.
Example 2: Higher balance
With a balance of $10,000 and equity of $9,900, your equity must not fall below $9,600 on that day.
Dashboard: The daily loss limit is updated several times a day.
Smart maximum drawdown – starting value 10 %
The smart maximum drawdown is a dynamic loss limit. It determines how far your balance or equity may fall, and adjusts upwards automatically when your account reaches new highs.
Starting value: At the beginning, the maximum drawdown is 10 % of the original starting capital.
Example:
Account size $50,000, maximum drawdown $5,000 — the account must therefore not fall below $45,000.
Adjustment on profits: If your account reaches a new high, the drawdown level automatically shifts upwards. For example, if your account rises to $51,000, the new drawdown level is $46,000 ($51,000 − $5,000). Important: the level only rises on new highs and is not adjusted downwards when your account falls.
Locking at +5 %: As soon as your account reaches 5 % profit on the original starting capital, the maximum drawdown is permanently locked at −5 % of the starting balance.
Example:
Starting capital $50,000. If the account reaches $52,500 (+5 %), the maximum drawdown is set at $47,500. From this point on, the drawdown level no longer changes, even as your account continues to grow.
Payout: On a payout, the maximum drawdown is not reset. The existing drawdown level remains in place.
Risk management
Maximum loss per trade idea – 2 %
Per trade idea (all open positions for the same symbol), a maximum of 2 % of the account's starting balance may be risked. This rule serves to avoid excessive risk and to ensure sustainable, disciplined risk management.
Consistency rule
No separate consistency rule is defined for Direct Funding. The provisions of the general Rulebook apply.
Reward Rate & payouts
Reward Rate
Traders receive a Reward Rate of 80 % by default. With the matching Add-on it can be increased to up to 100 %.
Example:
A performance difference of $5,000 can result in a reward payout of up to $4,000 in accordance with the Pinex Trader Program Agreement.
Payout system
Regular payouts take place every 21 exchange days. Important: these are exchange days, meaning days on which the markets are open — Saturdays and Sundays do not count. With the «14-day payout schedule» Add-on, the cycle is reduced to every 14 exchange days.
After a payout request, the account is first reviewed for possible rule breaches. This is followed by KYC verification, during which you select your payout method — cryptocurrency or bank transfer. Reward payouts are granted exclusively to participants who have complied with all trading and reward conditions and have fully completed the verification process.
Minimum number of trading days
Before a payout, a minimum of 7 trading days must be completed. What counts as a valid trading day is defined in the general Rulebook.
Add-ons
Add-ons are optional extras that can be added at purchase for an additional fee and that go beyond the standard conditions.
100 % Reward Rate – increases the reward rate to up to 100 %
14-day payout schedule – payouts already every 14 exchange days
News Trading & Weekend Holding – allows trading during major economic news as well as trading and holding positions over the weekend
Leverage & trading conditions
For Direct Funding accounts, leverage is set per asset class as follows:
Instrument | Leverage |
Forex | 1:30 |
Metals | 1:15 |
Indices | 1:5 |
Crypto | 1:1 |
Energies | 1:30 |
US Stocks | 1:30 |
EU Stocks | 1:30 |
Fees: In the Pinex Trader Account, the standard fee conditions apply.
News Trading
News trading is not permitted by default. Around major economic events — such as interest rate decisions or macroeconomic releases — a restricted window applies during which the affected instrument must not be traded.
Restricted window: from 5 minutes before to 5 minutes after the event. Opening or closing a position on the affected instrument within this window counts as a rule breach and leads to the closure of the account.
Example:
If a news release is published at 18:00, trading on the affected instrument is restricted from 17:55 to 18:05. A position opened at 18:04 falls inside the restricted window and constitutes a breach.
You can find the relevant events in the ForexFactory economic calendar. With the «News Trading & Weekend Holding» Add-on, news trading can be unlocked.
Weekend Holding
Holding or trading positions over the weekend is not permitted by default. All open positions must be closed before the weekend. With the «News Trading & Weekend Holding» Add-on, trading and holding over the weekend can be unlocked.
Further trading conditions
For permitted trading styles (e.g. day trading, swing trading, scalping), the use of Expert Advisors (EAs) and copy trading, as well as the trading platform used, the provisions of the general Rulebook apply.
Rule breaches
Compliance with all rules is mandatory. Breaches of the maximum daily drawdown, the smart maximum drawdown, the maximum loss per trade idea or other applicable provisions can lead to the immediate closure of the account. Closed accounts cannot be reactivated.