PineX Capital has expanded its funded trading programmes into the UK, the company said in a press release on Thursday.
The release said PineX is a German proprietary trading firm and that the UK expansion is part of its international growth strategy. The offering provides evaluation accounts, instant funding choices and scaling opportunities of up to $2 million in simulated capital, with profit splits of up to 100% and withdrawals every 14 days.
“We’ve seen growing demand from traders across the UK who want access to transparent funded trading opportunities,” said Arlind I., CEO of PineX Capital.
Simulated trading structure
PineX’s own terms and conditions identify the operating entity as Pinex Software Solutions L.L.C-FZ, registered in the UAE. The terms state that all accounts are for simulated trading only, that the company does not accept client funds for trading or investment, and that it does not execute client orders on financial markets.
In practical terms, UK users are buying access to evaluation and instant-funding programmes that use simulated balances and pay rewards based on performance.
The company’s help centre lists account types including two-step challenges, direct funding and instant funding, with sizes ranging from $5,000 to $300,000.
