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ACCOUNTS
EVERYTHING YOU SHOULD KNOW ABOUT ACCOUNTS
  • Live accounts at RAVEX Broker differ in terms of commission and spreads. You can open these accounts based on your desired margin, and the difference between these accounts lies in your margin.
  • To connect your account to MetaTrader, simply log into RAVEX Broker and go to the account section, then select “account overview” for the account you wish to connect. After that, click on the “view” option. In this section, you can obtain your server, account number, and password to connect in MetaTrader 5.
  • In all accounts, the commission is zero, and the spreads are standard market rates.
  • After logging into the RAVEX website, click on the deposit option or the fund deposit section, then select your account and payment method to deposit funds into your account.
  • This is a $10,000 account where you need to achieve a 20% growth and have less than a 10% loss per day ($1,000). These accounts have no restrictions on you, but you must have at least 5 trading days open.

General questions about this account include the following:

How are withdrawals from the account handled?

  • After achieving a 20% profit and trading for 5 days, you can withdraw 20% of your profit in the first month. For the second withdrawal in the second month, you can take out 30% of your profit, and in the third month, you can withdraw 50% of your profit. Starting from the fourth month, your account balance will be doubled up to a ceiling of $250,000.

In which markets can we conduct our trades?

  • You can trade in all markets.

What happens if a 10% loss is incurred?

  • In this case, your account will be closed, and you can reset your account with a 99 Tether charge and start over from the beginning.

Do we have to trade for 5 consecutive days?

  • No, these accounts have no restrictions on your trading times, but you must have traded for at least 5 days. It doesn’t matter if these trades are consecutive or not.

Is it possible to withdraw money after gaining a 20% profit?

  • If you have completed your trading for 5 days, you can make a withdrawal on the sixth day from your account.

When the account is reset, does it start over from the beginning or continue from the previous account?

  • When your account is reset, you start trading anew, and your account balance is like on the first day, $10,000.

How many times can we reset in these accounts?

  • You can reset your account an unlimited number of times.

How many days do we have to reset our account?

  • You can reset your account whenever you want.

Can we not withdraw from our account and withdraw more in the following months?

  • No, according to prop firm rules, you can withdraw 20% of your profits in the first month, 30% in the second month, and 50% of your profits in the third month.

Why has our account been closed?

  • Your account is only closed if you incur a 10% daily loss.

After paying 199 Tether, will we be able to withdraw this 199 Tether?

  • This amount is the fee for the challenge, and you cannot withdraw this money.

Why do I face an error when trying to withdraw from my prop account?

  • This means that you currently have an account and cannot have two prop accounts. To view your prop account, you can check the account overview section.

Is using Expert Advisors (EAs) allowed in prop accounts?

  • No, the use of Expert Advisors in prop accounts is not permitted.

Can we open trades during news time?

  • Yes, these accounts have no restrictions, and you can open trades during news time.

If we grow our account by 20%, can we withdraw the rest of our profits in the following months?

  • You need to grow your account by 20%, have less than 10% loss, and have at least 5 days of trading for each withdrawal.

Can I withdraw my money every 5 days?

  • In the first month, after making a profit, you can withdraw your profit on the sixth day. However, in the following months, you must wait at least one month from your last withdrawal date before you can make another withdrawal from your prop account.

Does the reset amount decrease after resetting the prop account several times?

  • No, you must pay 99 Tether each time you reset your account.

Will our account be deleted if we do not trade for several days?

  • These accounts have no time limit for you, and you can trade whenever you wish, but a minimum of 5 days of trading per month is mandatory.

When trying to pay for the reset, I receive an error saying I must send 199 Tether?

  • Enter 199 Tether in the relevant field, and when you receive the wallet address, only send 99 Tether as the reset fee for your account.
  • You can create your demo account by using the “Create Demo Account” option after logging into the RAVEX website.
  • After logging into the RAVEX website, click on the “Create Live Account” option to create your live accounts.
  • This means that you have already created this account, and you can view your account by going to the account overview section.
  • The difference between these accounts lies in your initial margin.
  • At RAVEX Broker, you can trade in any market you wish.