How long can I remain inactive on a CoveFunded trading account?
You can remain inactive on a CoveFunded trading account for up to 30 days. If there is no trading activity
What happens with profits from trades closed within one minute at CoveFunded?
At CoveFunded, profits from trades closed within one minute are generally not counted toward your overall performance. This rule is
Are there any margin requirements at CoveFunded?
No, there are no margin requirements at CoveFunded. The platform does not require traders to maintain a specific margin level
Can I hold trades overnight or over the weekend with CoveFunded?
Holding trades overnight or over the weekend with CoveFunded depends on the phase of the trading program: Phase 1: No,
Can I use Expert Advisors (EAs) or automated trading strategies at CoveFunded?
No, you cannot use Expert Advisors (EAs) or automated trading strategies at CoveFunded. The platform does not support automated trading
What is the Copy Trading Rule at CoveFunded?
Yes, CoveFunded allows copy trading, but with a specific rule: you can only copy trades within your own account. You
Can I hold trades during news events with CoveFunded?
No, you cannot hold trades during news events with CoveFunded by default. However, CoveFunded offers a “News Add-On” feature that
What is the maximum lot exposure limit at CoveFunded?
The maximum lot exposure limit at CoveFunded is 10 standard lots. This limit applies to all open positions across all
Is a stop loss mandatory when trading with CoveFunded?
No, a stop loss is not mandatory when trading with CoveFunded. While using a stop loss is highly recommended as
What is the Contract Size of the instruments at CoveFunded?
At CoveFunded, the contract size for trading instruments is typically 100,000 units per standard lot. This is a common size