Does FORFX have country-based restrictions for traders?
💡 Answer
Traders from given below countries are not allowed at FORFX
Turkey, Pakistan, Australia, USA, Japan, Canada, North Korea, Iran, Myanmar, Russia
More FAQs about FORFX
- Which trading methods are supported by FORFX, and which strategies are not allowed?
- What should traders know about payment options and refunds at FORFX?
- How often can traders withdraw profits from FORFX, and what payout methods are available?
- What percentage of profits can traders earn at FORFX?
- Which tradable assets are offered by FORFX?
- What leverage levels apply at FORFX for different asset classes like forex, indices, metals, and crypto?
- What platform options are available to traders at FORFX, and which broker does the firm work with?
- What execution conditions does FORFX offer related to spread quality, commissions, and slippage?
- Are there any prohibited strategies at FORFX, and how does the firm handle martingale trading and lot size limits?
- What kind of drawdown policy does FORFX apply?
- What are the main risk control rules enforced by FORFX during evaluations?
- What types of trading programs can traders choose from at FORFX?
- What type of trading challenges does FORFX require before funding?
- How large can a funded account be at FORFX, and is there a scaling plan in place?
- How many Trustpilot reviews does FORFX have, and what is its rating?
- What are FORFX's available program types?
- What are the rules at FORFX regarding maximum accounts per trader, account merging, and lot sizing?
- What should traders know about KYC at FORFX, including when verification is required?
Guides Where FORFX Is Featured
- Prop Firms Offering Crypto Leverage of 1:1 or Higher
- Prop Firms Offering Crypto Trading
- Prop Firms Offering FX Leverage of 1:30 or Higher
- Prop Firms Offering Maximum Profit Split of 90% or Higher
- Prop Firms Offering Metals Leverage of 1:20 or Higher
- Prop Firms Offering More Than $100k in Funding
- Prop Firms Offering Profit Split Starting at 60% or Higher
- Prop Firms With At Least 1 Years in Operation
- Prop Firms With MT4 Platform
- Top Prop Firms That Accept Clients From Estonia
These guides include FORFX alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FORFX vs Seacrest Markets vs PipFarm - Prop Firm Comparison (March 2026)
Side-by-side comparison of FORFX vs Seacrest Markets vs PipFarm. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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FORFX
FORFX is an innovative prop firm backed by Opofinance broker offering Flash, Legend, PeakScalp, Black, and Live challenge types with profit splits up to 90%, a unique Live Assessment Plan with real funded accounts, and payouts as fast as 10...
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Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
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PipFarm
PipFarm is operated by ECI Ventures Pte. Ltd. (Singapore) and provides simulated trading challenges on the cTrader platform. Traders who pass a Trading Challenge may be enrolled in PipFarm’s Remote Trader Program and earn a reward (profit share) based on...
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| Overview | |||
| Trustpilot Rating | 0 | 3.3 | 4 |
| Trustpilot Reviews | 0 | 1 | 351 |
| Headquarters | United Arab Emirates | South Africa | Singapore |
| Age (Years) | 3 | N/A | 3 |
| Max Funding | $400,000 | $400,000 | $300,000 |
| Profit Split Start | 70% | 80% | 70% |
| Profit Split Max | 90% | 92.75% | 99% |
| Platforms | MT4 MT5 cTrader | mt5 match-trader | cTrader |
| Assets | FX Metals Indices Energy Crypto | FX Metals Indices Energy & Commodities Crypto | Forex Metals Energy Indices Crypto |
| Leverage | |||
| FX Leverage | 100 | 30 | 30 |
| Metals Leverage | 20 | 10 | 20 |
| Crypto Leverage | 2 | 2 | 10 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossFORFX applies model-dependent daily loss limits that differ between evaluation and funded phases.How It Is Applied:Flash Normal: 5% maximum daily loss across all phases.Flash Aggressive: 10% during evaluation, 5% once funded.Legend Normal: 5% maximum daily loss across all phases.Legend Aggressive: 10% during evaluation, 5% once funded.PeakScalp Normal: 5% maximum daily loss across all phases.PeakScalp Aggressive: 10% during evaluation, 5% once funded.Black Normal: 5% maximum daily loss across all phases.Black Aggressive: 10% during evaluation, 5% once funded.Daily drawdown is... | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). | Maximum Daily LossPipFarm’s Max Daily Loss rule is calculated as a percentage of the previous end-of-day (EOD) balance. By default, the daily loss limit is 3% of the previous EOD balance and is recalculated when the previous EOD balance changes. PipFarm states the EOD is calculated in the dashboard around 22:05 GMT (winter) or 21:05 GMT (US daylight savings). PipFarm also states traders may increase the daily loss limit to 4% after achieving Rank 4 in its Experience Programs. |
| Max Total Loss | Maximum Overall LossMaximum overall loss on FORFX accounts varies by model and variant.How It Works:Flash Normal: 10% maximum overall loss across all phases.Flash Aggressive: 20% during evaluation, 10% once funded.Legend Normal: 10% maximum overall loss across all phases.Legend Aggressive: 20% during evaluation, 10% once funded.PeakScalp Normal: 12% maximum overall loss (highest among all models).PeakScalp Aggressive: 20% during evaluation, 10% once funded.Black Normal: 10% maximum overall loss across all phases.Black Aggressive: 20% during evaluation, 10% once funded.If equity falls below the... | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). | Maximum Overall LossPipFarm offers different maximum-loss models depending on program selection. For Static Max Loss, PipFarm states the one-stage program uses a 6% Static Max Loss of starting balance, while the two-stage program uses a 9% Static Max Loss of starting balance. For the one-stage program, PipFarm also offers a Trailing Maximum Loss option which tracks a high watermark (balance-based) and is 9% of the high watermark balance (10% if Rank 2 or higher). |
| Drawdown Type | Drawdown ModelFORFX uses a static drawdown model where the maximum loss is measured from the initial starting balance rather than trailing from highest equity.Key Points:All challenge types use static (balance-based) drawdown for overall maximum loss.Daily drawdown resets at 5:00 PM EST based on end-of-day account balance.Aggressive variants have relaxed drawdown limits during evaluation (10% daily / 20% max) but revert to standard limits (5% daily / 10% max) once funded.Drawdown calculations include both open and closed positions.The static model means... | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) | Drawdown ModelPipFarm’s public rules describe multiple drawdown frameworks, including: (1) a Static Max Loss (fixed percentage of starting balance), (2) a balance-based Trailing Max Loss (tracks the high watermark of account balance), and (3) an equity-based trailing max drawdown rule (high-watermark equity-based), as described in PipFarm’s Terms. |
| Payouts | |||
| Payout Frequency | Payout FrequencyFORFX offers different payout cycles depending on the challenge type.Flash: First payout available after 10 days from funded account activation.Legend: First payout after 30 days, then every 14 days thereafter.PeakScalp: First payout after 30 days, then every 14 days thereafter.Black: First payout after 10 days.Live: Payout terms based on funded account agreement.All models offer a 125% fee refund upon successful completion and first payout from the funded account. | Payouts every 14 days (VIP tiers faster). | Payout FrequencyBy default, PipFarm schedules and processes payouts automatically on the first Friday of each month. Optional payout-frequency add-ons are available: Bi-weekly (1st and 3rd Friday of each month, +10%) and Weekly (every Friday, +25%). |
| Days to First Payout | 10 | 14 | 0 |
| Payout Processing Time | Payout ProcessingFORFX processes payout requests typically within 1 to 2 business days once approved. The firm supports cryptocurrency-based payouts as the primary withdrawal method. Refunds are processed within up to 2 business days via email request to [email protected]. | Processing 12–72 hours. | Payout ProcessingPipFarm states payouts are processed automatically at 06:00 GMT on the eligible Friday and completed by 23:59 GMT the same day, provided requirements are met and there are no open positions. PipFarm’s Terms also describe a $1,000 compensation policy if a scheduled payout is missed due to internal company error (subject to conditions), and note payouts may be suspended or delayed for investigation or verification requirements. |
| Payout Methods | Crypto | Crypto RiseWorks | Rise Skrill USDT USDC |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Bank Transfer | Credit/Debit Card Crypto Apple Pay | PipFarm’s Terms state it accepts payment through various methods (including credit cards e-wallets and cryptocurrencies) though availability may vary by user and time. |
| Trading Permissions | |||
| News Trading | News trading is allowed on all FORFX challenge types. However, there is a restriction on margin usage during high-impact economic events.All Models:News trading is permitted during both evaluation and funded phases.A maximum 50% margin usage rule applies during high-impact news releases to prevent excessive leverage during volatile periods. | News trading restricted on Live Sim (±3 minutes). | PipFarm’s marketing materials state it allows news trading and that it does not dictate how users should trade. PipFarm’s Terms also prohibit exploitative trading strategies (including “news straddling”). |
| Weekend Trades | Weekend holding is allowed across all FORFX challenge types.All Models (Flash, Legend, PeakScalp, Black, Live):Holding trades over the weekend is permitted in both evaluation and funded phases.Standard platform trading hours and gap risk apply. | Weekend trading allowed. | N/A |
| Copy Trading | FORFX does not provide detailed public documentation on copy trading policies. Based on the available information, copy trading between your own accounts may be permitted as long as all risk rules and consistency requirements are met on each individual account. Traders should contact support for specific copy trading guidelines. | Copy trading allowed for own strategies only. | PipFarm’s Terms list copy-trading/managed-account services (e.g., MQL5 or ZuluTrade) as prohibited trading practices, and also prohibit trading on behalf of others or having others trade on your behalf. |
| EA Allowed | Expert Advisors (EAs) are allowed on most FORFX challenge types with one notable exception.Permitted:Flash: EAs allowed in all phases.Legend: EAs allowed in all phases.Black: EAs allowed in all phases.Live: EAs allowed.Not Permitted:PeakScalp: EAs are NOT allowed on this challenge type.All automated trading must comply with the firm's FLR, consistency, and drawdown rules. | EAs allowed on MT5 only. | PipFarm’s Terms prohibit using a commercial trading robot purchased from a third party without any adjustment to strategy. |
| KYC & Restrictions | |||
| KYC Required | No | Yes | No |
| KYC Stage | FORFX requires KYC verification for funded account activation and payouts. Full identity verification is mandatory when transitioning from evaluation to funded status. Traders should expect to submit standard ID and residency documents before accessing their funded account and profit distributions. | KYC required at Live Sim stage. | PipFarm’s Terms state that to participate in the Remote Trader Program, the user must pass an ID verification process after passing a Trading Challenge for the first time. PipFarm states verification is completed via ComplyCube or Veriff and may require an identity document, a selfie, and (in some cases) proof of address, questionnaires, or a video call. |
| Restricted Countries | Turkey Pakistan Australia USA Japan Canada North Korea Iran Myanmar Russia | Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States | Afghanistan Central African Republic Congo (Republic of the Congo) Crimea Democratic Republic of Congo Iran Libya North Korea Somalia South Sudan Sudan Syria Yemen |