Salix nigra: A proprietory tradingA reliable firm you can work with

What we aim for

Our mission is to be the leader in the trading industry by giving the best traders the tools and support to make the most of their trading careers. Capital is among the most important asset to have in order to succeed in trading. Many trader fail to achieve their financial stability because of undercapitalized account. With Salix nigra Challenge, we offer fund to the selected traders who satisfy our requirements.

Learn, invest and gain.A Financial freedom for you

Get tested through our Challenge program and receive a fully funded trading account starting with 1 000 000 XAF. Return On Investment are shared as 75% to you and 25% for Salix nigra.

I want to take the Challenge
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Take The ChallengeGet your funded account

Whether you are already an experienced trader or simply an aspiring professional trader looking to join our team, you will need to take our Challenge in order to be evaluated for Live Trading.


WHAT IS THE SALIX CHALLENGE?


  • PHASE 1: The Challenge is key part of our recruiting process and candidate selection. It’s a test that will last 30 trading days (30 consecutive sessions) during which you trade in a simulated environment. The sim account is registered in your name and you will have full control over it during the Challenge period. We refer to the Challenge stage as Phase 1.

  • PHASE 2: Once you successfully pass your Challenge (i.e. met the profit targets and followed our rules and risk parameters) you will be promoted to Phase 2 and start your remote internship as a Junior Trainee. We will issue you a full refund for the registration fee and you will be instructed to start a new, more in depth evaluation period. During Phase 2, you will have up to 30 days to reach your new profit targets. The candidates that have enrolled in the Junior Salix nigra Trader program will be also trained to use the Salix nigra Prop Algo tools. Salix nigra retains the option to recruit those individuals that have not been able to reach their profit target but have demonstrated solid skills and consistency.

  • PHASE 3: The Junior Trainees who are able to control their risk during Phase 2, and reach their profit targets will be promoted to Junior Funded Traders. They will be then given instructions to complete the required documentation and receive full trading authority on one of Salix nigra funded accounts. Candidates that have not reached the official profit target but have shown particular skills and talent could, at Salix nigra full discretion, receive an offer to remain under observation for an extended period of time in the capacity of Junior Trainees (small compensation applicable).
Salix Challenge
registration fee 150 000 FCFA
Strategy Trader's choice
Phase 1 (Challenge) length 30 consecutive sessions
Coaching Material Fee Free (Access all Salix nigra courses)
Phase 1 Profit Target to qualify 200 000 FCFA
Phase 1 Max Total Loss / Daily Loss 150 000 FCFA / 75 000 FCFA
Refund upon passing 150 000 FCFA
Phase 2 (SIM) length 30 consecutive sessions
Phase 2 Profit Target/Max Total Loss 200 000 FCFA / 100 000 FCFA
Phase 2 (SIM) length 30 consecutive sessions
Phase 3 1 000 000 FCFA live trading account

Challenge requirements

Upon entering the Salix nigra Live Challenge you agree to:
  1. Only trade the markets agreed upon
  2. Make at least 1 full trade a day for a total 10 full trades minimum (10 buys and 10 sells) in a 10 business day period
  3. Always enter a trade with a stop loss (possibly with bracket orders)
  4. Never to enter a position with more than the allowed max number of contracts
  5. Never initiate or hold a position right before, during or right after the following reports:
    1. Non-farm payroll
    2. GDP announcements
    3. PPI and CPI announcements
    4. Gas or crude storage
    5. USDA reports
    6. FOMC announcements, testimonies and minutes
    7. ECB, BOE (or similar) Interest rate announcement and conference
  6. Never exceed the Max daily loss
  7. Never exceed the Max total loss
  8. Reach a Profit Target or more (net of commissions). Important note : you cannot reach more than 70% of the total profit target in one single session.
  9. Close all positions and keep the portfolio flat before the market close (regular trading hours)
All candidates that abide by the rules and reach the profit goal will be eligible to move to phase 2 and will receive a credit of 100% of the Challenge sign up fee. In the event that at the end of the Challenge period:
  • You have traded following the agreed rules and parameters
  • You have traded following the agreed rules and parameters
  • You have a net positive account balance but have not reached the official agreed Profit Target
Salix nigra will offer you a 50% discount on the next trial. Furthermore, Salix nigra recruiters may decide, at their discretion, to move you on to PHASE 2.
For this Challenge, you'll be trading only on CFD. You're free to choose which kind of markets to invest in; be it Forex, indices, commodities and stocks.
You are not allowed to trade cryptocurrencies or exotic currency pairs.

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