what is the requirements to get a free funded forex account in india

To get a free funded Forex trading account in India, you typically need to meet certain criteria set by the funding company or platform offering the account. These companies provide such accounts as part of their trading challenges, promotions, or partnerships. Here are the common requirements you might encounter: 1. Registration with a Funded Trading Program: There are platforms like FTMO, The 5%ers, OneUp Trader, or local Indian programs offering funded accounts. You will need to register and create an account with them. 2. Complete a Trading Challenge or Evaluation: Most funded accounts require you to pass an evaluation phase, where you demonstrate your trading skills. You may need to trade on a demo or small live account to prove your ability to manage risk, follow trading rules, and achieve certain profit targets. 3. Meet Performance Targets: During the evaluation period, you may need to achieve a certain profit (typically around 10-20%) without violating drawdown rules. You will be given a set time frame to meet these targets (e.g., 30 days, 60 days). 4. Risk Management: Most programs require strict risk management practices, such as: Daily drawdown limits (e.g., 5% of the account balance). Max drawdown limits (e.g., 10-20% of the balance). You will be expected to trade responsibly, and any breach of these limits might disqualify you from getting a funded account. 5. Provide Proof of Identity (KYC): Like any financial platform, you’ll likely need to submit KYC (Know Your Customer) documents such as: Government-issued ID (Aadhaar card, passport, voter ID, etc.). Address proof (electricity bill, bank statement, etc.). These documents are required to verify your identity and prevent fraud. 6. Trading Experience: While some programs are beginner-friendly, others may prefer traders with prior experience in the Forex market. The more experienced you are, the higher your chances of passing the evaluation and receiving a funded account. Some platforms may ask for proof of your trading history or previous account performance. 7. Consistent Trading Strategy: Funded accounts often favor traders with a clear and consistent trading strategy. This could be a combination of technical analysis, risk management, and discipline. Programs may evaluate whether you have a plan for handling different market conditions. 8. Deposit or Fees: Some programs may require a small fee or deposit to participate in the evaluation challenge. However, some offer fully free evaluations. Be cautious of any hidden fees or terms, especially with lesser-known platforms. 9. Trading Platform and Tools: You may be required to trade on a specific platform like MetaTrader 4/5, cTrader, or other proprietary platforms depending on the program you are applying to. Ensure you are familiar with the platform’s features and tools. 10. Maintain Consistency: Some funded programs require you to continue to demonstrate consistency after being funded. This might include a trial period where you must trade profitably while adhering to rules. 11. Legal Requirements: Ensure you are aware of any regulatory requirements specific to Forex trading in India, as Forex trading is subject to rules and regulations set by the Reserve Bank of India (RBI). While trading with international brokers is allowed, Indian traders should be cautious of using platforms that are not compliant with local laws. Contact us Address – 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, SAINT Lucia P.O Box 838, Castries, Saint Lucia Phone no – +97144471894 Website – https://winprofx.com/