A Guide to Get The Funded Trader Accounts

 A Guide to Get The Funded Trader Accounts

If you’re an aspiring trader looking to take your trading journey to the next level, The Funded Trader program offers a unique opportunity. In this comprehensive guide, we’ll explore the ins and outs of obtaining a funded account and also delve into the exciting world of monthly free competitions.

The Funded Trader Accounts: An Overview

What Are Funded Trader Accounts?

The Funded Trader Accounts (TFT) are designed to provide traders with real capital to trade in financial markets. These accounts are funded by proprietary trading firms or platforms, allowing traders to access larger capital than their own initial investment. Here’s how it works:

  1. Two-Phase Challenge: To qualify for a funded account, traders typically go through a two-phase challenge:

    • Phase 1 (Evaluation): Traders trade a simulated account with specific profit targets and risk management rules.
    • Phase 2 (Live Trading): Successful traders from Phase 1 are funded with real capital and trade live accounts.
  2. Profit Sharing: Traders share a percentage of their profits with the funding firm. The remaining profits are theirs to keep.
  3. Risk Management: FTAs emphasize risk management, discipline, and consistency.

The Free Trial Account

Introduction to the Free Trial Account

The Free Trial Account serves as a stepping stone for traders interested in the Funded Trader program. Here are the key details:

  1. Eligibility:
    • Each trader is eligible for one Free Trial account at a time.
    • A maximum of two Free Trial accounts may be provided in any given month.
  2. Challenge Structure:
    • The Free Trial Account mirrors the challenge structure of the TFT program.
    • It’s an opportunity to prove your trading skills and readiness for the TFT Challenge.
  3. Account Size:
    • The Free Trial Account starts with 100K in simulated funds.
  4. Objectives:
    • Achieve an 8% simulated profit.
    • Limit daily drawdown to 5%.
    • Keep the initial deposit drawdown within 10%.
    • Trade for at least 5 days (minimum) and up to 14 days (maximum).

Frequently Asked Questions

  • Broker/Platform Change: Not allowed during the Free Trial.
  • Lot Size Rules: No lot size limits.
  • News Trading: Simulated news trading is allowed.
  • Leverage:
    • Forex: 1:200
    • Gold & Commodities: 1:30
    • Indices: 1:20
    • Crypto: 1:2
  • Overnight/Weekend Trades: Allowed.
  • Simulated Crypto Trading: Available except on Saturdays from 5 am to 9 am EST due to broker maintenance.

Remember, passing the Free Trial doesn’t guarantee access to a funded account, but it’s a crucial step toward your trading success.

The Funded Trader Monthly Competition

What Is It?

  • The Funded Trader Monthly Competition is an exciting challenge open to all traders.
  • Whether you’re a beginner or an experienced trader, this competition provides a platform to showcase your skills.

How It Works

  1. Participation:
    • Register on The Funded Trader platform.
    • Compete based on your trading knowledge, strategies, and performance.
  2. Prizes:
    • Winners receive exciting rewards, including access to a free challenge account.

Key Takeaways

  • Skill Improvement: Competitions help you enhance your trading abilities.
  • Free Challenge Account: Winners gain access to a funded challenge account.

So, whether you’re aiming for a funded account or want to test your skills in the monthly competition, The Funded Trader program has something for every trader. Good luck on your trading journey! 🚀

Please Note: Free Trial accounts will not be issued in March 2024.

For more information, visit The Funded TraderSupport.


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