Introduction
FeneFX delivers proprietary trading services tailored primarily for traders in Iran, providing access to firm capital via structured challenge programs or instant funding plans and including support, tools, and education.
Organizational Profile
Operating as FENE CAPITAL LLC, headquartered in St. Vincent and the Grenadines, the firm promotes itself as the first Iranian-focused prop trading platform, emphasizing Persian-language support and online access.
Trading Account Programs
Two-Phase Challenge Program
- Traders select initial balances ranging from thousands to hundreds of thousands of USD.
- Stage 1 requires 10% profit; Stage 2 requires 5%.
- Constraints include daily drawdown limit of 5%, overall drawdown of 12%, and a 5‑day minimum per stage.
- Profit split starts at 80% and increases to 90%.
- Funding escalation: 30% capital growth possible after meeting trading performance criteria.
One-Step Challenge Program
- Offers single-phase evaluation: profit target of 12% with daily drawdown up to 4% and total drawdown up to 8%.
- Requires at least 5 trading days.
- Funded traders receive up to 90% profit split and capital growth of up to 30%.
ProTrader Instant Model
- Enables immediate funding for eligible traders without completing a challenge.
- Exempts daily drawdown limits, though other risk rules still apply.
- Similar profit-sharing and scaling structure as challenge accounts.
Markets and Instruments
Participants can trade forex, cryptocurrencies, commodity markets, and indices from anywhere via online access. The firm emphasizes accessibility for Iranian traders to global financial markets.
Educational Support and Infrastructure
Training Programs
Formal training includes lessons in risk control, psychology, strategy formulation, and analysis reviews. Traders also engage in simulated environments before progressing to real capital trading.
Live Analysis Dashboard
A proprietary analysis panel offers live, accurate trade metrics and behavioral oversight, intended to improve precision, transparency, and trader confidence.
Customer Support
Persian-speaking support is provided daily during extended hours. Traders can contact support for account queries, rule clarifications, and educational guidance.
Risk and Trading Governance
Drawdown Controls
Evaluation phases and funded accounts have clearly defined risk limits: daily drawdowns of 4–5%, and overall drawdowns of 8–12%, depending on plan. Violating these limits results in immediate disqualification or funding loss.
Trading Duration Requirements
Both challenge types require a minimum trading duration. The funded account stage mandates at least ten trading days before withdrawal eligibility or scaling events occur.
Withdrawal & Growth Mechanics
Withdrawals can be made every 10 trading days. Profit share starts at 80%, rising to 90% thereafter, and the account can grow by up to 30% based on performance milestones.
Ideal Trader Profile
Best suited for traders with a solid understanding of technical trading and strong risk discipline. New traders receive educational support, simulated trading, and oversight by senior personnel to build competency gradually.
Operational Transparency
Jurisdiction and Registration
FeneFX is registered in St. Vincent and the Grenadines. It provides no detail about oversight from regulatory bodies in financial hubs.
Credibility Aspects
It asserts legitimacy by offering comprehensive Persian support, transparent rules, and processes aimed at Iranian traders excluded from global platforms due to local restrictions.
Summary
FeneFX offers multiple funding pathways with structured trading rules, educational and analytic tools, local-language support, and opportunities for capital scaling. The firm operates under defined risk limits and withdrawal conditions. It may serve traders seeking access to proprietary capital under disciplined trading models, especially within Iranian trading communities.
