In this in-depth review, we explore FORFX, a proprietary trading firm backed by Opofinance broker that stands out with its unique Live Assessment Plan using real funded accounts, multiple challenge types including Flash, Legend, PeakScalp, and Black, and profit splits up to 90% for traders of all styles.

FORFX is an innovative prop firm backed by Opofinance broker offering Flash, Legend, PeakScalp, Black, and Live challenge types with profit splits up to 90%, a unique Live Assessment Plan with real funded accounts, and payouts as fast as 10 days, though strict FLR and stability rules and mixed Trustpilot feedback warrant caution.

Company Overview

• Country: United Arab Emirates
• Founded: 2023
• Broker: Opofinance
• Max Funding: $400,000
• Trustpilot: Rating unavailable (breach of guidelines) — 119 reviews

Program Types

• Flash (Two-Phase Demo Challenge)
• Legend (Two-Phase Demo Challenge with Free Repeat)
• PeakScalp (Two-Phase Demo Challenge for Scalpers)
• Black (Two-Phase Demo Challenge up to $400K)
• Live Assessment Plan (One-Phase Live Account)
• Normal and Aggressive Variants
• Profit Splits up to 90%
• Free Competitions

Challenge Structure

FORFX offers multiple evaluation models spanning demo and live account challenges, each with Normal and Aggressive variants that adjust drawdown and profit targets.

• Flash: Two-phase demo challenge with fast 10-day payouts and up to 90% profit split. No free repeat.
• Legend: Two-phase demo challenge with a free repeat on failure, 90% profit split, and 30/14-day payout cycle.
• PeakScalp: Two-phase demo challenge with no minimum trading days, no 30-second rule, higher 12% max loss, and up to 80% profit split. EAs not allowed.
• Black: Two-phase demo challenge offering accounts from $100K to $400K with 80% profit split and a 15% stability rule on funded accounts.
• Live Assessment Plan: Unique one-phase live account challenge where traders use real deposited funds, keep 100% of profits during evaluation, pay no fees, and can scale up to $300K funding with 80% profit split.

Normal variants use standard 5%/10% daily/max loss; Aggressive variants double targets and drawdowns (10%/20%) during evaluation but revert to 5%/10% once funded.

Risk Rules

Maximum Daily Loss

FORFX applies model-dependent daily loss limits that differ between evaluation and funded phases.

• Flash Normal: 5% maximum daily loss across all phases.
• Flash Aggressive: 10% during evaluation, 5% once funded.
• Legend Normal: 5% maximum daily loss across all phases.
• Legend Aggressive: 10% during evaluation, 5% once funded.
• PeakScalp Normal: 5% maximum daily loss across all phases.
• PeakScalp Aggressive: 10% during evaluation, 5% once funded.
• Black Normal: 5% maximum daily loss across all phases.
• Black Aggressive: 10% during evaluation, 5% once funded.

Daily drawdown is calculated based on the account balance at the end of the trading day (5:00 PM EST). Breaching the daily loss limit results in account termination.

Maximum Overall Loss

Maximum overall loss on FORFX accounts varies by model and variant.

• Flash Normal: 10% maximum overall loss across all phases.
• Flash Aggressive: 20% during evaluation, 10% once funded.
• Legend Normal: 10% maximum overall loss across all phases.
• Legend Aggressive: 20% during evaluation, 10% once funded.
• PeakScalp Normal: 12% maximum overall loss (highest among all models).
• PeakScalp Aggressive: 20% during evaluation, 10% once funded.
• Black Normal: 10% maximum overall loss across all phases.
• Black Aggressive: 20% during evaluation, 10% once funded.

If equity falls below the allowed threshold at any point, the account is breached.

Drawdown Model

FORFX uses a static drawdown model where the maximum loss is measured from the initial starting balance rather than trailing from highest equity.

• All challenge types use static (balance-based) drawdown for overall maximum loss.
• Daily drawdown resets at 5:00 PM EST based on end-of-day account balance.
• Aggressive variants have relaxed drawdown limits during evaluation (10% daily / 20% max) but revert to standard limits (5% daily / 10% max) once funded.
• Drawdown calculations include both open and closed positions.

The static model means profits are locked in and do not increase your drawdown buffer, which benefits consistent traders.

3 Percent Rule

FORFX does not explicitly enforce a standalone 3% rule per trade idea like some other prop firms. However, risk per trade is implicitly managed through the daily loss and overall loss limits, along with the Floating Loss Ratio (FLR) rule which restricts open floating losses.

Consistency Rules

FORFX enforces consistency and stability rules that vary by challenge type.

• Flash and Legend: A 20% consistency rule applies, meaning your best single trading day’s profit cannot exceed 20% of your total profits.
• Black: A 15% stability rule applies on funded accounts, requiring more even distribution of profits across trading days.
• PeakScalp: No specific consistency rule mentioned, making it more flexible for scalping strategies.
• All models require minimum trading days (4 days during evaluation, 5 days funded) to ensure sufficient trading activity.

These rules are designed to discourage gambling-style behaviour and encourage steady, disciplined trading.

Other Risk Rules

FORFX enforces additional risk and conduct rules across most models.

Trading Restrictions

• Floating Loss Ratio (FLR): A key rule unique to FORFX. FLR limits the maximum floating (unrealized) loss at any time to 2% on Normal accounts (25K/50K balances) or 4% on Aggressive accounts. This is separate from the daily/overall loss limits.
• 30-Second Rule: On most challenges (except PeakScalp), trades must be held for at least 30 seconds before closing.
• Maximum 50% margin usage during high-impact news events.
• Minimum 4 trading days during evaluation phases and 5 trading days during funded phase.

Behaviour Rules

• Latency arbitrage, server exploitation, and other abusive execution strategies are prohibited.
• Rule enforcement and the FLR rule have been a common source of trader complaints regarding unexpected breaches.

Violations result in account termination or cancelled payouts.

Trading Conditions

Assets

FX, Metals, Indices, Energy, Crypto

Platforms

MT4, MT5, cTrader

Leverage

• FX: 1:100
• Indices: 1:20
• Metals: 1:20
• Crypto: 1:2

Commissions

FORFX charges a flat commission structure across all asset classes.

• $6 per standard lot (round turn) on all instruments including FX, metals, indices, energy, and crypto.

This uniform commission makes cost calculation straightforward but may be higher than competitors for non-FX instruments where some firms charge zero commission.

Spread Quality

FORFX advertises spreads starting from 0.0 pips on major currency pairs, but in live trading conditions, average spreads are approximately 0.8 pips. Since the firm is backed by Opofinance broker, spread quality reflects the broker’s institutional liquidity. Traders should expect typical retail CFD spread conditions rather than the advertised minimums.

Execution & Slippage

Execution quality at FORFX is tied to Opofinance’s brokerage infrastructure. The firm supports live account trading through its unique Live Assessment Plan, which means traders experience real market conditions including genuine slippage and execution speeds. For demo challenges, execution mirrors standard prop firm demo conditions. Trader feedback on Trustpilot has raised concerns about the FLR rule causing unexpected breaches, particularly on volatile instruments like gold, though the firm maintains these are part of its risk management framework.

Profit Split & Payouts

Profit Split

• Starting Split: 70%
• Maximum Split: 90%

Payout Frequency

FORFX offers different payout cycles depending on the challenge type.

• Flash: First payout available after 10 days from funded account activation.
• Legend: First payout after 30 days, then every 14 days thereafter.
• PeakScalp: First payout after 30 days, then every 14 days thereafter.
• Black: First payout after 10 days.
• Live: Payout terms based on funded account agreement.

All models offer a 125% fee refund upon successful completion and first payout from the funded account.

Payout Processing

FORFX processes payout requests typically within 1 to 2 business days once approved. The firm supports cryptocurrency-based payouts as the primary withdrawal method. Refunds are processed within up to 2 business days via email request to [email protected].

Payout Methods

Crypto

Payment Methods

Credit/Debit Card, Crypto, Bank Transfer

Refund Policy

FORFX offers a 125% fee refund on all challenge types upon successful completion and first funded payout. This means traders receive their original challenge fee back plus an additional 25% bonus with their first profit withdrawal. Legend Aggressive variant also offers a 5% refund during evaluation phases. For purchase refunds, traders can email [email protected] and refunds are processed within 2 business days.

Trading Rules & Restrictions

News Trading

News trading is allowed on all FORFX challenge types. However, there is a restriction on margin usage during high-impact economic events.

• News trading is permitted during both evaluation and funded phases.
• A maximum 50% margin usage rule applies during high-impact news releases to prevent excessive leverage during volatile periods.

Weekend Holding

Weekend holding is allowed across all FORFX challenge types.

• Holding trades over the weekend is permitted in both evaluation and funded phases.
• Standard platform trading hours and gap risk apply.

Copy Trading

FORFX does not provide detailed public documentation on copy trading policies. Based on the available information, copy trading between your own accounts may be permitted as long as all risk rules and consistency requirements are met on each individual account. Traders should contact support for specific copy trading guidelines.

Expert Advisors (EAs)

Expert Advisors (EAs) are allowed on most FORFX challenge types with one notable exception.

Permitted

• Flash: EAs allowed in all phases.
• Legend: EAs allowed in all phases.
• Black: EAs allowed in all phases.
• Live: EAs allowed.

Not Permitted

• PeakScalp: EAs are NOT allowed on this challenge type.

All automated trading must comply with the firm’s FLR, consistency, and drawdown rules.

Prohibited Strategies

FORFX prohibits a range of abusive or manipulative trading strategies.

• Latency arbitrage and execution-based exploits.
• Server spamming or manipulation of trade fills.
• Any strategy designed to exploit platform vulnerabilities or bypass loss limits.
• Hedging or opposite account trading across multiple accounts to game the system.

The firm reserves the right to cancel payouts or terminate accounts if trading activity is deemed abusive.

Martingale

FORFX does not explicitly address martingale strategies in its published rules. However, aggressive position sizing or recovery-style systems would likely breach the FLR (Floating Loss Ratio) rule and daily/overall loss limits. The consistency and stability rules also discourage erratic lot sizing patterns that are characteristic of martingale strategies.

Lot Size Limits

FORFX does not publish specific lot size caps. Practical limits arise from the FLR rule (2% or 4% floating loss cap), daily loss limits, and the 50% maximum margin usage rule during news events. Sudden spikes to unusually large positions could trigger reviews under the consistency and stability rules.

Account Management

Scaling Plan

FORFX does not currently offer a formal scaling plan for any of its live or demo challenge accounts. Traders cannot scale their funded account size through milestones or payouts at this time.

Account Merge

Account merging is not available.

Maximum Accounts

No specific maximum account limit published.

KYC Requirements

FORFX requires KYC verification for funded account activation and payouts. Full identity verification is mandatory when transitioning from evaluation to funded status. Traders should expect to submit standard ID and residency documents before accessing their funded account and profit distributions.

Restricted Countries

Turkey, Pakistan, Australia, USA, Japan, Canada, North Korea, Iran, Myanmar, Russia