Key points
- The pricing page sells; the terms and the funded-account agreement govern.
- Marketing phrases like "up to", "as fast as" and "no hidden fees" mark the place a condition lives.
- A rule that appears on one page and not another is usually phase-specific, not a contradiction.
- What a firm does not state is information too, and it is the reason Rex records absence explicitly.
Which document governs
Firms publish the same facts across several pages with different purposes, and the pages disagree more often than people expect. Knowing which one governs saves the whole exercise.
| Document | Written to | Trust it for |
|---|---|---|
| Pricing or plans page | Sell the plan | Prices, account sizes, headline targets and limits |
| Rules or objectives page | Explain the evaluation | The full limit definitions, bases and measurements |
| Terms and conditions | Be enforced | The contracting entity, refunds, and what the firm may change |
| Funded-account agreement | Govern the funded stage | Payout conditions, consistency scope, funded-stage limits |
| Help centre or FAQ | Answer support questions | Edge cases: news windows, holding rules, platform charges |
Where two pages differ, the contract documents govern in practice. Where the difference is between an evaluation page and a funded-account page, it is usually not a contradiction at all — the rules genuinely differ by phase.
Phrases that mark a condition
Marketing language is not dishonest, but it is compressed. Certain phrases reliably mark the spot where a condition has been compressed out, and each one is worth expanding.
| Phrase | The question it is hiding |
|---|---|
| "Up to 90% profit split" | What is the base share, before any scaling condition? |
| "Daily payouts" | When can the FIRST payout be requested? |
| "Pass in as little as 2 days" | What is the minimum, and what is typical? |
| "No hidden fees" | Is there an activation fee, and what does a reset cost? |
| "Trade the news" | On which accounts, in which phase, and with what window? |
| "Unlimited time" | Is the fee monthly? A subscription is a clock. |
| "$2,000 max loss" | Static or trailing? If trailing, measured how and stopping where? |
| "Instant funding" | What replaced the evaluation — usually a consistency rule at payout. |
Reading a limit properly
A loss limit is not fully specified by an amount. Four attributes together define what it does, and a page that gives you only the first has not told you the rule.
- The amount and its unitA percentage or a currency figure. Convert currency figures to a percentage at your account size.
- The typeStatic or trailing. Without this, the amount has no behaviour.
- The referenceFor a percentage, the basis it is measured against. For a trailing limit, where the floor stops rising.
- The measurementBalance or equity; intraday or end of day. This decides whether an open position moves the limit.
Rex renders limits as structured sentences for this reason — "Trailing · end of day · $2,000", or "8% · type not published" — rather than as bare numbers. A cell showing only a number would misrepresent every plan that leaves an attribute out.
What is not written is information
The most useful reading skill here is noticing what is absent. Three kinds of absence mean different things, and conflating them loses the signal.
- Not applicable — the concept does not exist for this product. Weekend holding on a plan that flattens nightly, for example.
- Not published — you read the firm's pages and the firm does not state it. This is a fact about the firm.
- Not collected — nobody has looked yet. This is a fact about the research, not about the firm.
Rex keeps all three separate on every value, with distinct markers, and never merges them into one blank cell. When you are reading a firm's pages yourself, keeping the same distinction is what turns a vague sense of incompleteness into a specific list of unanswered questions.
Find the entity behind the brand
The name on the website is frequently a trading name. The terms and conditions almost always name the company you are actually contracting with, its jurisdiction and sometimes its registration number.
This is worth two minutes because it is the only durable identifier a firm has. Brands are renamed and relaunched; a registered company number is not. Rex records the operating entity, jurisdiction and registration identifier as separate facts from firm identity, precisely so a brand change does not silently rewrite history.
Note also that a company registration is a registration and nothing more. It is not a licence, not supervision, and not evidence that a firm is regulated. Rex never describes it as any of those.
Check when the page last changed
Terms pages usually carry a "last updated" date. A recent one on a document that describes a plan you are about to buy is worth reading closely; an old one on a firm that has clearly changed its products means the document may not describe what is on sale.
This is also why Rex attaches a read time to every value and measures every age against a fixed snapshot time rather than your clock. A value is a statement about what a page said at a moment, and the moment is part of the statement.
You can see every page Rex has read, and when, in the source registry.
A ten-minute reading order
- Terms and conditions, first two paragraphsThe contracting entity and jurisdiction. Thirty seconds.
- Funded-account agreement, payout sectionEligibility, consistency scope, split. Three minutes.
- Rules or objectives page, limits sectionAmount, type, reference, measurement, for both limits. Four minutes.
- Pricing pageFee, fee type, activation, reset. Two minutes, now that you know what the numbers mean.
- Write down what you could not findThat list is the real output.
Rex does this reading for the firms in the record and shows the result on every page, including the gaps. Start from a firm or a challenge option and open the marker beside any value to see the page it came from.
Common questions
What if the FAQ and the terms disagree?
Treat the contract documents as governing and ask the firm to confirm the difference in writing. Rex records values from the more specific published page and notes conflicts where two eligible sources disagree.
Is a company registration the same as being regulated?
No. A registration means a company exists in a register. It implies no supervision, licensing or client-money protection, and Rex never presents it as such.
Should I trust a screenshot of rules from a forum?
No. Rules change and screenshots have no date you can verify. Every value in Rex comes from a firm-controlled page with a recorded read time.
Why does Rex link out rather than reproduce the rules?
Because the firm's page is the authority and can change. Rex records what it said and when, and sends you to the source for the current text.
Compare the options this guide mentions
Opens 3 challenge options side by side, with every field that cannot honestly be compared marked rather than averaged.