Conditions for Restarting a Challenge and/or account
The main responsibility as a EnFoid Prop trader is to protect the assigned capital, failing to do so is a breach of contract.
Misinterpretation of the rules, personal issues, failure of money management, Language barriers or other things are NOT VALID EXCUSES!
this type of statements just shows that you unable to play by the rules, take responsibility, or simply not take it seriously.
EnFoid has no Interest to Hire anyone that does not have this qualities!
please select your account type below, for detailed conditions to restart.
Pre-Trial accounts have a very short lifespan, they can be restarted Free of any charges upon request.
Pre-Trial accounts may be used by our Risk-management for free users to evaluate,
you may be asked serval times to restart (this is why free enrolment can take up to 100 days)
the Decision to grant another Pre-Trial is at the discretion of the Support staff responding to your request,
this decisions are final and can not be appealed. you can bypass this decision by enrol via Fast-track at any time!
will have a bad impact on how Risk-Management evaluates your performance
by Starting the Evaluation, you already entered a Legal Agreement with EnFoid (regardless if you made a deposit or not)
the conditions for restarting are pre-defined, and agreed upon starting Evaluation.
- No Trading Rule have been violated.
- All Trading Objectives are met (except the profit target)
- the Trading Account balance is Equal or higher as the initial Deposit.
- Evaluation time is exceeded (30 Days passed since the first trade)
Restarting a Evaluation account may take 1 -3 Business days to process
Verification is to "verify your Evaluation", you agreed to the conditions by entering the Evaluation,
because of this, the same restart conditions apply in the Verification stage.
- No Trading Rule have been violated.
- All Trading Objectives are met (except the profit target)
- the Trading Account balance is Equal or higher as the initial Deposit.
- Verification time is exceeded (60 Days passed since the first trade)
Restarting a Verification account may take 1 -3 Business days to process
Live Traders have a legally binding agreement, failure to uphold the rules defined by this agreement, is a breach of contract.
Restarting a Live account without a valid Contract is NOT Possible!
You can however talk to our Support, to re-enrol you to the Evaluation via Fast-track (possibly free),
it's required, as due to the breach of contract we have no more valid Due Diligence.
and no Insurance coverage for live funds executed via your account, the only way to re-obtain this would be to re-Enrol.
What about the fee i paid?
We do not charge fees!, the deposit you made stays on your account, but it can not be used to start a new Evaluation. You will have to make sure the available amount on your account is equals or higher to cover a new enrolment.
Once you complete the Verification, the corresponding amount will be released back as promised. the amount of the failed Evaluation or Verification will be released once the second Profit payment is greater as the Vaulted amount.
Typical example:| Amount | Vault Balance | Your Balance | Avaiable | |
|---|---|---|---|---|
| Deposit 1 | 500$ | 0$ | 500$ | 500$ |
| Start Evaluation 1 | 400$ | 400$ | 500$ | 100$ |
| Interests & Dividends | 4$ | 400$ | 504$ | 104$ |
| Failed Evaluation 1 | 0$ | 400$ | 504$ | 104$ |
| Deposit 2 | 450$ | 400$ | 954$ | 554$ |
| Start Evaluation 2 | 400$ | 800$ | 954$ | 154$ |
| Interests & Dividends | 12$ | 800$ | 966$ | 166$ |
| Complete Verification 2 | 400$ | 400$ | 966$ | 566$ |
| First Profit payment | 2359$ | 400$ | 3325$ | 2925$ |
| Interests & Dividends | 18$ | 400$ | 3343$ | 2943$ |
| Second Profit payment | 1169$ | 0$ | 4512$ | 4512$ |
** balances also reflecting interest payments