Pivex adds subscription option for repeated challenge attempts

Pivex has launched Membership, a recurring challenge-account plan that gives traders a new evaluation account each billing cycle and lets unused accounts carry forward as credits. The move is aimed at lowering the cost of multiple attempts for traders who need more than one pass at the firm’s one-step evaluation.

Why it matters: - Pivex’s new Membership plan changes the economics of challenge trading for users who need more than one try. - The subscription model lowers the cost per attempt versus buying each challenge account one at a time. - The plan is designed for traders whose first attempt is part of the learning curve, not a one-and-done pass.

What happened: - Pivex introduced Membership, a recurring purchase option for its challenge accounts, alongside its existing one-time purchase model. - The plan is open to both new and existing users. - Membership is available now across account sizes from $10,000 to $100,000.

The details: - Each monthly billing cycle grants one new challenge account. - Unused accounts are banked as credits instead of being opened immediately on the platform. - Credits remain available for three months and expire if unused. - The introductory rate applies to a trader’s first Membership at a given account size. - After the first month, the plan moves to a recurring rate. - Promotional codes apply to the recurring rate. - Billing follows the trader’s purchase date rather than a shared calendar date. - Billing remains monthly only. - A compliance review or pending upgrade does not change the billing date. - Billing pauses at the funded stage because Membership is meant to cover the challenge phase. - Challenge rules, profit targets and loss limits are unchanged under both purchase models. - Current rates are published on the Pivex website.

Between the lines: - The new plan gives traders a built-in buffer for failed attempts without forcing a full repurchase each time. - Pivex is also making the subscription and one-time models run side by side, which lets traders mix purchase types instead of switching fully to one system. - Credits freeze when Membership is paused, then stay available if a trader returns to the challenge phase later. - Membership challenge accounts are exempt from the inactivity rule while the plan is active, but the inactivity rule still applies at the funded stage. - A trader on Membership who breaches an account can activate a credited account at no additional cost, wait for the next billing cycle or buy immediately. - A trader on a one-time account cannot reset the account and has no credit balance. - Accounts stay separated in the dashboard so the applicable rules remain clear. - There is no cap on how many Memberships a trader can hold, including multiple plans at the same account size.

What's next: - Pivex says Membership is now available to all users across the listed account sizes. - Traders who reach the funded stage must have an active Membership when the account is marked as passed. - Pivex will continue offering both the one-time and subscription options, with each account governed by the rules tied to the original purchase model.

The bottom line: - Pivex is betting that a subscription tied to repeated attempts will appeal to traders who need more room to learn before they clear an evaluation.