For traders account types and differences offer traders several ways to access funded accounts, making it a novel approach to prop trading. For traders is a well-known proprietary trading firm that provides traders with a variety of account types and cutting-edge evaluation procedures. The platform offers traders a range of account setups and flexible funding options. This article will examine For traders account types and differences.
For Traders Account Challenge
For traders account types and differences offer a variety of challenges to suit traders with varying risk tolerances and capital needs.Ā
Account Size Options
- $6k
- $15k
- $25k
- $50k
- $100k
Structure Of Evaluation Challenges
For traders sets itself apart by offering four different kinds of evaluation accounts:
One-Step Challenge
- One challenge phaseĀ
- 9% profit goal
- 15% profit share from challenge phase ā After successfully completing the Challenge, 15% of the profit you achieved during the first phase will be paid out with your first payout.Ā
- A maximum drawdown of 6%
- Daily drawdown of 3%Ā
- Rewards: Bi-weekly
- Profit Split: 80%
- Time Limit: Unlimited
Two-Step Challenge
- Two stages of difficulty
- Phase one: a 8% profit goal
- Phase two: a goal profit of 5%Ā
- 15% profit share ā After successfully completing the Challenge, 15% of the profit you achieved during the first phase will be paid out with your first payout.
- Maximum overall loss of 8%
- The daily loss cap is 4%.Ā
- Rewards: Bi-weekly
- Profit Split: 80%
- Time Limit: UnlimitedĀ
Two-Step Challenge Pro
- Two stages of difficulty
- Phase one: a 6% profit goal
- Phase two: a goal profit of 6%Ā
- 15% profit share ā After successfully completing the Challenge, 15% of the profit you achieved during the first phase will be paid out with your first payout.
- Maximum drawdown of 8%
- The daily profit cap is 2%.Ā
- Daily Pause: 3%
- Payouts: Bi-weekly
- Profit Split: 80%
Instant Master Account
- No challenge needed
- Profit Target: None
- Maximum Trailing Drawdown of 5%
- The daily loss cap is 3%.Ā
- Rewards: Bi-weekly
- Profit Split: Up to 90%
- Time Limit: UnlimitedĀ
Unique Features of FXIFY Evaluation Processes
This Plan Includes;
- Minimum Profitable Days: One-Step Challenge and Two-Step Challenge: 3; Two-Step Challenge Pro: None; Instant Master Account: 7
- Trading Leverage: One-Step Challenge, Two-Step Challenge and Two-Step Challenge Pro: 1:125. Instant Master Account: 1:10
- Hold Over Weekend: Yes
- Consistency: Only Instant Master Account
- Trade Through News: Challenge Only, Instant Master Account: No
All Plans Includes
- Demo trading account with a starting balance of your choice (virtual money)
- Access to the Trading Platform of your choice
- Professional Trading Simulator utilizing real-time market data from liquidity providers
- Trading Journal and other supporting tools
- Trading Course for beginners (12 videos, 2h+ of video content)
- Customer Support available 24/5
Technical Details
Platforms for Trading
- Trade Locker
- CTrader
- DXtrade
Payouts
- Rise
- Crypto Payouts
In conclusion
For traders is a novel prop trading strategy that gives traders several methods to access funded accounts. The platform accommodates traders with different levels of experience and risk tolerance by offering flexible trading conditions, competitive profit sharing, and a variety of evaluation procedures.
Prospective traders should thoroughly go over the terms of each account type, comprehending the complex requirements and possible difficulties that come with each assessment procedure. Because of the platformās dedication to offering a variety of options, traders are guaranteed to discover an account type that complements their unique trading objectives and tactics.
Frequently Asked Questions
1. How Many Account Types Does For Traders Offer?
For Traders provides four different evaluation account types:
- One-Step Challenge
- Two-Step Challenge
- Two-Step Challenge Pro
- Instant Master Account
2. What are the key differences between For Traders account types?
One-Step
- Profit Target: 9%
- Maximum Loss: 6%
- Daily Loss Limit: 3%
Two-Step
- Profit Target: 8% (Phase 1), 5% (Phase 2)
- Maximum Loss: 8%
- Daily Loss Limit: 4%
Two-Step Pro
- Profit Target: 6% (Each Phase)
- Maximum Loss: 8%
- Daily Drawdown: None
Instant Master Account
- Profit Target: None
- Maximum Trailing Drawdown: 5%
- Daily Drawdown: 3