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:
- 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.
- Profit Sharing:
Traders share a percentage of their profits with the funding firm. The
remaining profits are theirs to keep.
- 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:
- 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.
- 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.
- Account Size:
- The Free Trial Account starts with 100K in simulated funds.
- 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
- Participation:
- Register on The Funded Trader platform.
- Compete based on your trading knowledge, strategies, and
performance.
- 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.
