Pinex Capital

Pinex Capital is a proprietary trading firm offering simulated funding programs including 1-Step Challenge, 2-Step Challenge, Instant Funding, Direct Funding and Pay Later. Traders complete an evaluation (or receive an instant/direct funded simulated account depending on the program) and, if eligible under the Trader Program Agreement, can receive reward payouts for their simulated trading performance. The firm offers Forex, indices, metals, commodities, stocks and cryptocurrencies.

PineX advertises $0 commissions and $0 swap fees on all trades, with spreads stated as up to 60% lower than typical (e.g. EUR/USD from 0.01, GBP/USD from 0.08, XAU/USD from 0.12). Major economic news trading is restricted by default — placing, modifying, or closing trades within 5 minutes before or after a major news release is prohibited unless the customer has purchased the Major News Trading Add-On. Use of EAs, AI tools, high-frequency/high-speed data processing, and copy-trading or third-party account management is prohibited as an unfair-advantage practice under the GTC.

Account Ownership & Sharing

Each account is limited to one trader; account sharing is strictly prohibited. Copy trading between different individuals is not allowed, and third‑party account management or challenge‑passing services are forbidden.

Automated Trading & Expert Advisors

The use of Expert Advisors (EAs), automated trading systems, bots, or evaluation‑passing tools is prohibited. The only exception is copying trades between a trader’s own accounts.

Prohibited Trading Strategies

Hedging, martingale, grid trading, arbitrage, latency abuse, and inverse trading between accounts are all disallowed. These practices are considered exploitative and violate the firm’s risk‑management framework.

Risk Management & Behaviour

Excessive risk‑taking or gambling‑style behaviour is prohibited, as is excessive margin usage. Traders must maintain disciplined position sizing and avoid strategies that jeopardise account stability.

Market Integrity

Insider trading and front‑running are strictly forbidden. Any attempt to gain an unfair advantage through non‑public information or order‑flow manipulation will result in immediate sanctions.

News Trading Restrictions

On applicable programs (e.g., Instant Funding), trading the affected instrument is prohibited from 5 minutes before until 5 minutes after major economic releases. This rule aims to prevent volatility‑driven exploitation.

Weekend Holding

Weekend holding is permitted on Instant Funding accounts, allowing positions to remain open over the weekend without restriction.

Inactivity Rule

Selected accounts must execute at least one trade every 30 days. Failure to meet this requirement may lead to account review or closure.

Consequences of Rule Violations

Violations of any firm rule can result in account closure, forfeiture of rewards, and permanent exclusion from the platform.

General Payout Rules

• Reward split: starts at 80%
• Reward Rate add-on (optional): increases split up to 100% (program dependent)
• Standard payout frequency: every 21 exchange days
• Faster Payout add-on (optional): allows requests every 14 exchange days
• First payout requirement: at least 5 trading days, each generating ≥0.5% profit based on initial account balance (where applicable)
• Compliance review: every payout request is reviewed for adherence to trading rules
• KYC verification: required before funds are released
• Payout methods: Bank transfer, Cryptocurrency

Instant Funding

• Trailing drawdown is reset after each successful payout

1-Step Challenge

• Challenge fee is refunded with the third successful payout, provided all program conditions are met