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
What is the Commission per standard lot at CoveFunded?
The commission per standard lot at CoveFunded is: $7 for normal pairs. $8 for pro pairs, which also have tighter
What is the Maximum Overall Drawdown Limit at CoveFunded?
At CoveFunded, the Maximum Overall Drawdown Limit is a critical aspect of managing risk across different account types and challenges.
What is the Maximum Daily Drawdown Limit at CoveFunded?
At CoveFunded, the Maximum Daily Drawdown Limit varies depending on the type of account or challenge you are participating in: