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:
How is the maximum daily loss calculated at CoveFunded? covefundedadmin November 4, 2024 The maximum daily loss at CoveFunded is calculated from the **start of the trading day**. This means that the daily
Are there any profit targets on funded accounts at CoveFunded? covefundedadmin November 4, 2024 No, there are no profit targets on funded accounts at CoveFunded. Once you have a funded account, you are free
Can I hold trades during news events and over the weekend on a funded account at CoveFunded? covefundedadmin November 4, 2024 Yes, you can hold trades during news events and over the weekend on a funded account at CoveFunded. Unlike some