What spreads and commissions can I expect at CoveFunded? covefundedadmin November 4, 2024 At CoveFunded, you can expect spreads and commissions that vary depending on the specific trading instruments and account types: Spreads:
Can I pass a CoveFunded challenge using someone else’s signals? covefundedadmin November 4, 2024 No, you cannot pass a CoveFunded challenge using someone else’s signals. The evaluation is based on your own trading skills
How long does the verification process take at CoveFunded? covefundedadmin November 4, 2024 The verification process at CoveFunded typically takes a few minutes to a few hours. This quick turnaround ensures that you
What documents are required for verification at CoveFunded? covefundedadmin November 4, 2024 For verification at CoveFunded, you are typically required to provide a **valid ID card**. This helps confirm your identity and
What is considered gambling behavior on funded accounts at CoveFunded? covefundedadmin November 4, 2024 Gambling behavior on funded accounts at CoveFunded includes high-risk, speculative trades with large lot sizes, frequent and rapid trading, and
Can I merge accounts at CoveFunded? covefundedadmin November 4, 2024 No, you cannot merge accounts at CoveFunded. Each account operates independently and cannot be combined with others.
How many accounts can I have with CoveFunded? covefundedadmin November 4, 2024 You may hold unlimited number of accounts in the challenge phase; however, the maximum funding you can receive at any
What happens if a rule is broken on a funded account at CoveFunded? covefundedadmin November 4, 2024 If a rule is broken on a funded account at CoveFunded, the account may be subject to penalties or restrictions,
What is the lot size limit on a funded account at CoveFunded? covefundedadmin November 4, 2024 On a funded account at CoveFunded, there is generally no specific lot size limit imposed. Traders are free to choose
What is the maximum total loss allowed at CoveFunded? covefundedadmin November 4, 2024 The maximum total loss allowed at CoveFunded is 10% of the initial account balance. This rule applies across all phases: