Five routes to funding — 1-Step, 2-Step, Instant Funding, Instant Funding Elite and Pay Later, with splits to 100%.
Trading Platforms
TradeLockerPayout Methods
CryptoAbout PineX Capital
PineX Capital started trading in 2024, operating as Pinex Software Solutions L.L.C-FZ from Meydan Grandstand in Dubai under Milan T. It holds on Trustpilot across reviews, and covers forex, indices, metals, energies, US and EU stocks and crypto on TradeLocker, with MetaTrader 5 listed as coming.
Five programs is unusually broad. 1-Step asks 9% with a 3% daily and 6% max loss, both static. 2-Step splits 8% and 5% with a wider 10% max loss. Instant Funding skips evaluation for a 3% trailing daily and 8% trailing max, with a 2% cap per trade idea. Instant Funding Elite tightens the max to 6% and adds a 1% floating-loss cap, but drops the consistency rule. Pay Later is the cheapest way in at €34.00 for a 4% target, on a 15-day clock.
The 1-Step fee refund is the standout term: your challenge fee comes back in full on the 3rd payout. It applies to 1-Step accounts only, so it is worth weighing against the cheaper Pay Later route, which has no refund at all.
Consistency is where the programs genuinely diverge. 1-Step, 2-Step and Instant Funding Elite carry none. Instant Funding applies 20% of total profit, and Pay Later applies the same but only once funded. If a consistency rule is what has failed you before, three of the five routes here remove it entirely.
Qualifying days matter more than the target on the instant routes. Payouts need days that each clear 0.5% profit — four on 1-Step, five on Instant Funding, six on Elite, three on Pay Later. The 2-Step program is the exception, needing four trading days with no profit condition attached.
Leverage is generous on evaluations and drops once funded. FX majors run 1:100 on 1-Step, 2-Step and Pay Later, falling to 1:30 or 1:50 on the funded account. US stocks are the outlier: 1:30 on 1-Step and the instant routes, but 1:5 on 2-Step and Pay Later, which is worth knowing if equities are part of your strategy.
Payouts run every 21 exchange days as standard. Two paid add-ons change that: one cuts the cycle to 14 days, the other lifts the split from 80% to 100%. Withdrawals go by bank transfer or crypto, and every payout needs completed KYC plus a compliance review.
Two restrictions shape day-to-day trading. Expert Advisors are prohibited outright, with the single exception of a trade copier between your own accounts. And news trading is closed for a 10-minute window around major releases — five minutes either side — covering stops, take-profits and pending orders, not just manual entries.
Challenge Programs
1-Step
A 9% target with a 3% daily and 6% max loss, both static. Three minimum trading days, no consistency rule, and the only program that refunds your fee in full on the 3rd payout. Sizes 5K through 200K, from €79.
Profit Split: 80% standard, up to 100%
Target 9% | Daily 3% | Max Loss 6% | Static | Payouts 14 Days
2-Step
8% then 5% across two phases, with a wider 10% max loss and a 4% daily that resets on the higher of balance or equity at 00:00 CET. No minimum days, no consistency rule. Sizes 10K through 200K, from €98.
Profit Split: 80% standard, up to 100%
Target 8% - 5% | Daily 4% | Max Loss 10% | Static | Payouts 14 Days
Instant
No evaluation at all. A 3% trailing daily and 8% trailing max, with a 2% cap per trade idea. Permits weekend holding, and carries a 20% consistency rule. Sizes 5K through 300K, from €96.
Profit Split: 80% standard, up to 100%
Target None | Daily 3% | Max Loss 8% | Trailing | Payouts 14 Days
Instant Elite
The same instant route with end-of-day trailing instead of intraday, so daily swings do not move the floor. No consistency rule, but six qualifying days before a payout. Sizes 5K through 150K, from €189.
Profit Split: 80% standard, up to 100%
Target None | Daily 3% | Max Loss 8% | EOD Trailing | Payouts 14 Days
Pay Later
The cheapest way in at €34.00, though the discount code does not apply here. A 4% target on a 15-day clock with no daily limit, then a 3% static daily and 6% trailing max once funded. Consistency applies only after funding. Sizes 5K through 300K, from €68.
Profit Split: 80% standard, up to 100%
Target 4% | Daily None | Max Loss 8% | Trailing | Payouts 14 Days
Key Features
• No Consistency Rule: On 1-Step, 2-Step and Instant Funding Elite
• No Time Limit: On four programs; Pay Later runs 15 days
• 80% Profit Split: Standard on every program, 100% with the add-on
• Platform: TradeLocker, with MT5 not yet live
• Copy Trading Allowed: Personal accounts only
• Registered Entity: Pinex Software Solutions L.L.C-FZ, Dubai
• Fee Refund: 100% of the challenge fee back on the 3rd payout, 1-Step only
Leverage
| Asset | 1-Step | 2-Step | Instant | Elite | Pay Later |
|---|---|---|---|---|---|
| FX | |||||
| Metals | |||||
| Indices | |||||
| Energies | |||||
| US Stocks | |||||
| EU Stocks | |||||
| Crypto |
Commissions
| Instrument | Commission |
|---|---|
| All Instruments | $0 – $3 per lot |
| Spreads | From 0.0 pips |
No fees during the evaluation phase. Standard fee conditions apply on the PineX Trader Account.
Restricted Countries
| Size | Program | Profit Target | Max Loss | Daily Loss | Drawdown | Profit Split | Payout | Loyalty | Activation Fee | Price |
|---|
50% Off Your First Account
50% off with code GUIDE on your first account, across all five programs.
45% Off All Programs
45% off every account with code GUIDE, with no first-account restriction.
Add-Ons Allowed
Two paid upgrades bought at checkout. 100% Reward Rate lifts the split from 80%, and 14-day payout schedule cuts the cycle from 21 exchange days to 14. Instant Funding Elite only offers the 14-day schedule — there is no reward-rate add-on on that program. There is no weekend-holding add-on on any program.
No Time Limit Allowed
Unlimited trading days on 1-Step, 2-Step, Instant Funding and Instant Funding Elite. Only Pay Later has a deadline, at 15 days.
Overnight Holding Allowed
Positions can be held overnight on all programs.
Copy Trading Between Your Own Accounts Allowed
Permitted across accounts you own. Copying between different traders is not.
Max Loss Per Trade Idea — Instant Funding Restricted
2% of the account on any single trade idea.
Max Floating Loss — Instant Funding Elite Restricted
1% of the account in unrealised loss at any moment.
15-Day Evaluation — Pay Later Restricted
Pay Later is the only program with a deadline. The other four run unlimited time.
Weekend Holding Restricted
Permitted on Instant Funding, and on Pay Later during the 15-day evaluation only. Prohibited on 1-Step, 2-Step, Instant Funding Elite and funded Pay Later accounts. No add-on lifts it on any program.
Hard Breach Restricted
Breaching the daily drawdown, the maximum drawdown or a per-trade loss limit closes the account immediately. Closed accounts cannot be reactivated.
Evaluation Review Restricted
After passing, the whole evaluation is reviewed before the funded account is issued — usually 3 business days, occasionally longer.
News Trading — 10-Minute Window Restricted
The affected instrument cannot be opened or closed from 5 minutes before to 5 minutes after a major release — a release at 18:00 blocks 17:55 to 18:05. That covers stops, take-profits, pending and limit orders, and a breach closes the account. Pay Later is exempt during its 15-day evaluation; the restriction starts once funded.
Consistency — Two Programs Only Restricted
20% of total profit on Instant Funding, and on Pay Later once funded. 1-Step, 2-Step and Instant Funding Elite carry none at all, on the evaluation or the funded account.
Qualifying Trading Days Restricted
Payouts need days that each clear 0.5% profit: 4 on 1-Step, 5 on Instant Funding, 6 on Instant Funding Elite, 3 on Pay Later. The 2-Step program needs 4 trading days without the profit condition.
Inactivity — 30 Days Restricted
An account is inactive if no trade is both opened and fully closed within 30 calendar days. A warning goes out 5 days before closure, and one completed trade resets the clock.
KYC and Compliance Review Restricted
Every payout requires completed KYC, and each account passes a compliance review before funds are released.
Accounts Cannot Be Merged Restricted
Instant Funding and Direct Funding accounts cannot be combined.
Expert Advisors Prohibited
Automated trading is not permitted. The only exception is a trade copier running between your own accounts.
Hedging Prohibited
Hedging and inverse trading are not allowed.
Grid Trading Prohibited
Along with gambling-style sizing and excessive leverage or margin usage.
HFT and Latency Exploitation Prohibited
Hyperactivity, quick-strike strategies, latency exploitation and anything designed to exploit the simulated environment.
Account and Device Sharing Prohibited
Sharing credentials or devices between traders.
Restricted Countries
Live On-Chain Payouts — Last 30 Days
Loading…RISEPAY on-chain data only. Some firms also pay via wire or other crypto — figures are a partial view.
80% split standard, 100% with the add-on • 21 exchange days standard, 14 with the add-on • 100% fee refund on the 3rd payout, 1-Step only
Processing: 24-48 business hours
Profit Split
80% standard on every program. The reward-rate add-on lifts it to 100% on all except Instant Funding Elite, which does not offer it.
Payout Frequency
Every 21 exchange days — market days only, weekends do not count. The add-on cuts it to 14, and is available on every program.
Qualifying Days
Days must each clear 0.5% profit — 4 on 1-Step, 5 on Instant Funding, 6 on Instant Funding Elite and 3 on Pay Later. 2-Step needs 4 trading days with no profit condition. A day only counts if a trade is opened and fully closed.
Fee Refund
100% of the challenge fee back on your 3rd payout — 1-Step accounts only.
Consistency
20% of total profit on Instant Funding and on Pay Later once funded. No consistency rule on 1-Step, 2-Step or Instant Funding Elite.
Before a Payout Clears
KYC must be complete, all trading and risk rules met, and the account passes a compliance review.
Payout Methods
Bank transfer or cryptocurrency.
Payouts are processed every 14 days with a minimum of $100 profit balance. Payout methods include Broker Profit Transfer, Crypto, and Riseworks.
Available Markets & Leverage
FX
Metals
Indices
Energy
US Stocks
EU Stocks
Crypto
Commissions
FX
$0 – $3 per lot
Metals
$0 – $3 per lot
Indices
$0 – $3 per lot
Energy
$0 – $3 per lot
Crypto
$0 – $3 per lot
Spreads
From 0.0 pips
Evaluation
No fees during the evaluation phase
Trader Reviews 0
Verify that you traded with PineX Capital recently to unlock the review form.
What Stands Out
No Consistency Rule
On 1-Step, 2-Step and Instant Funding Elite. Instant Funding and funded Pay Later apply 20%.
Fee Refund
1-Step returns 100% of your challenge fee on the 3rd payout.
Instant Funding Option
Skip the evaluation entirely with Instant Funding or Instant Funding Elite.
No Time Limit
Unlimited on four programs. Pay Later runs a 15-day evaluation.
PineX Capital Reviews & Ratings
Rated by our community & expert team
PineX Capital has traded since 2024 from Meydan Grandstand in Dubai, under Milan T., and holds on Trustpilot from reviews. Five routes to funding, which is more than most firms offer: 1-Step and 2-Step evaluations, Instant Funding and Instant Funding Elite, plus a Pay Later challenge that starts at €34.00. The split runs 80% standard, or 100% with the add-on, and accounts reach $300,000 with scaling to $2,000,000. Two things stand out: 1-Step refunds your fee in full on the 3rd payout, and there is no consistency rule on 1-Step, 2-Step or Elite. Against that, Expert Advisors are prohibited and news trading is restricted to a 10-minute window.
Summary
A Dubai-based firm trading since 2024 under Milan T. Five programs from $5,000 to $300,000, $600,000 in active allocation and scaling to $2,000,000, on TradeLocker. on Trustpilot from reviews.
The split is 80% standard and payouts run every 21 exchange days. Add-ons lift those to 100% and 14 days. Entry starts at €34.00 on Pay Later, which takes no discount code; with code GUIDE a 5K 1-Step is €39.50 and refunds the fee in full on your 3rd payout.
Read three things before buying: Expert Advisors are prohibited, news trading closes for 10 minutes around major releases, and consistency applies only to Instant Funding and funded Pay Later accounts.
Deep Dive
More About PineX Capital
Is PineX Capital Legit?
PineX Capital operates as Pinex Software Solutions L.L.C-FZ, registration number 2643553.01, from Meydan Grandstand in Dubai. A named legal entity and registration number is more than many firms publish, and it holds on Trustpilot across reviews.
The caveat is age. Trading since 2024 makes this one of the newer firms we cover, and a shorter payout history than the established names. Nothing in the terms looks designed to trap traders, but there is less track record to judge against than with a firm five years in.
The 1-Step fee refund on the 3rd payout is genuinely good and worth naming. Get three payouts and the challenge cost you nothing. It applies to 1-Step only, which makes the pricing decision less obvious than it looks — Pay Later is cheaper up front but never refunds.
The absence of a consistency rule on three of five programs is the other real advantage. Most firms apply one everywhere. Here 1-Step, 2-Step and Instant Funding Elite have none at all, so a single strong day cannot hold up a withdrawal.
What will affect you daily is the Expert Advisor ban. Automation is prohibited outright apart from a copier between your own accounts, so systematic traders should look elsewhere. It is a harder line than most forex firms take.
The news rule is stricter than the usual wording implies. The 10-minute window blocks stop-losses, take-profits and pending orders, not just manual entries — so a stop sitting on an affected instrument cannot execute during it. Positions opened beforehand may be held through, provided you do not close them.
Worth planning around: weekend holding is permitted on Instant Funding only, not on 1-Step, 2-Step or Elite. Hedging and grid trading are prohibited. Accounts go inactive after 30 calendar days without a completed trade, though a warning arrives 5 days ahead and one trade resets it.
PineX Capital vs Other Forex Prop Firms
PineX Capital sits in a crowded part of the market, so the useful comparisons are program range, whether automation is allowed, and what the fee actually costs after refunds.
PineX Capital vs Blueberry Funded: Both run wide program ranges with instant options. Blueberry allows Expert Advisors; PineX prohibits them, which is the deciding factor for anyone running automation. PineX counters with a 100% fee refund on 1-Step and no consistency rule on three of five programs.
PineX Capital vs Instant Funding: A direct comparison on the instant routes. PineX offers two tiers — standard trailing and an Elite variant with end-of-day trailing — where most firms offer one. The 20% consistency rule on standard Instant Funding is the trade-off; Elite carries none.
PineX Capital vs Hola Prime: Hola Prime is the more established name with a longer payout record. PineX is newer but reaches $300,000 accounts and offers the Pay Later route at €34.00, which is among the cheapest entries in forex prop trading.
PineX Capital vs Funded Trading Plus: Funded Trading Plus has years of history and no consistency rule anywhere. PineX matches that on three programs and adds the fee refund, but is two years old against a firm with a far longer record. Weigh track record against terms.
PineX Capital Frequently Asked Questions
Is PineX Capital legit?
PineX Capital operates as Pinex Software Solutions L.L.C-FZ, registration number 2643553.01, from Meydan Grandstand in Dubai. It has traded since 2024, which makes it newer than most firms we cover — the terms are sound but there is less payout history to judge against.
What programs does PineX Capital offer?
Five. A 1-Step evaluation at a 9% target, a 2-Step at 8% then 5%, Instant Funding and Instant Funding Elite with no target at all, and a Pay Later challenge at a 4% target. Sizes run from $5,000 to $300,000.
What profit split does PineX Capital pay?
80% as standard, rising to 100% with the add-on. Payouts run every 21 exchange days by default, or every 14 with the add-on.
How much does a PineX Capital account cost?
From €34.00 for a 5K Pay Later challenge. Code GUIDE takes a 5K 1-Step to €39.50, Instant Funding to €48.00 and Instant Funding Elite to €94.50 — it does not apply to Pay Later. Prices are charged in euros.
Does PineX Capital refund the challenge fee?
Yes, on 1-Step accounts only — 100% of the fee comes back on your 3rd payout. The other four programs carry no refund, which is worth weighing against Pay Later being cheaper up front.
Does PineX Capital have a consistency rule?
Only on two programs. Instant Funding applies 20% of total profit, and Pay Later applies the same once funded. The 1-Step, 2-Step and Instant Funding Elite programs have no consistency rule at all.
Are Expert Advisors allowed at PineX Capital?
No. Automated trading is prohibited on every program. The only exception is a trade copier running between your own accounts — copying between different traders is also prohibited.
What are the news trading rules?
Positions on directly affected instruments cannot be opened or closed from 5 minutes before to 5 minutes after major economic news. That covers stop-losses, take-profits, pending and limit orders as well as manual entries. A position opened before the window may be held through it as long as you do not close it.
How many trading days do I need before a payout?
Days must each clear 0.5% profit: 4 on 1-Step, 5 on Instant Funding, 6 on Instant Funding Elite and 3 on Pay Later. The 2-Step program needs 4 trading days with no profit condition.
Can I hold positions over the weekend?
Only on Instant Funding. The 1-Step, 2-Step and Instant Funding Elite programs all require positions closed before the weekend. Overnight holding is allowed on every program.
What leverage does PineX Capital offer?
FX majors run 1:100 on 1-Step, 2-Step and Pay Later evaluations, 1:50 on Instant Funding Elite and 1:30 on Instant Funding. Leverage drops once funded. US stocks vary most — 1:30 on 1-Step and the instant routes, but 1:5 on 2-Step and Pay Later.
How large can a PineX Capital account get?
Accounts are sold up to $300,000, with $600,000 in maximum active allocation. The free PineX Growth Plan scales to $2,000,000 in simulated capital. Instant Funding and Direct Funding accounts cannot be merged.
What happens if I stop trading?
An account is considered inactive if no trade is both opened and fully closed within 30 calendar days. A warning is sent 5 days before closure, and completing one trade resets the period.
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