Funded trader programs are opportunities for novice traders to trade forex using capital provided by a third party, such as a trading firm or hedge fund. In return for using this capital, the trader usually agrees to share some of his profits with the funding organisation.
These programs may be a good option for traders who are new to the forex market and do not have the capital to fund their own trading account, or for experienced traders who want to increase their trading capital and potentially improve their earnings. FTMO Challenge conducted a detailed market analysis. In order to participate in a sponsored forex trading program, traders typically must meet certain criteria, such as having a certain level of trading experience or passing a series of assessments to demonstrate their trading skills and knowledge. They may also be required to meet certain risk management guidelines and trading rules set by the funding organisation.
It is important for traders to thoroughly research and evaluate funded forex trading programs before taking up one. This includes understanding the terms of the agreement, the reputation of the funder as well as the risks and potential benefits of participating in the program.
Build
Create a valuation account that suits your trading style and trading objectives.
Trade
Achieve a target profit of 10%, while respecting a maximum drawdown of 5% and a daily loss of 4%.
Profit
Succeed and get funded with a real trading account. You will receive up to 90% of any profits you make.
The rules of the program are clear and are designed to protect your ability to trade successfully as well as keep you in the market for a longer period of time. It is only fair that we protect ourselves from excessive risk-taking and it is also good business practice. As your partners, we want you to be successful and we offer program which ensure that you have the same chances of success as any other funded trader.
There are two sets of rules you need to follow in order to participate in the program:
Hard Breaking Rules
These are rules whose violation will result in the loss of your account. If you fail, you can always try again, but you will need to pay the assessment fee again.
Soft Breach Rules
The rules in this group are customisable, and you won’t lose your account if you break them. Only transactions that violate the rule will be automatically closed.
