Overview of ForexPropFirmDotCom (fpfdotcom) Prop Firm
TheTrustedProp
Date: April 28, 2024
In the world of finance, opportunities abound for those who dare to dream big. ForexPropFirm, also known as FPF Technology LLC., is one such avenue that has been making waves since its inception in June 2022, registered right in the heart of Montreal, Canada, under the leadership of CEO Jonathan Dufresne. This article will delve into the details of ForexPropFirm and its various challenge options, shedding light on the unique benefits it offers to aspiring traders.
The Four Distinct Challenges
ForexPropFirm distinguishes itself through its four types of challenges, each tailored to suit a variety of trading styles and preferences. Let's explore them one by one:
1) One Step Challenge
- Profit Target: 10%
- Overall Drawdown: 6%
- Daily Drawdown: 4%
- Minimum Trading Days: None
- Maximum Trading Days: None
- Platform: M4, M5
- Trading Restrictions: None
- Profit Split During Evaluation: 10%
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Tradeable: Commodities, Forex, Indices & Stocks
- Profit Split: 90/10 up to 100/0
- Guaranteed Funding: $10,000,000
- Account Sizes: $25,000, $50,000, $100,000, $200,000
2) Two Step Challenge
(Phase 1 details)
- Profit Target: 8%
- Overall Drawdown: 12%
- Daily Drawdown: None
- Minimum Trading Days: 5
- Maximum Trading Days: 35
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Platforms: M4, M5
- Trading Restrictions: No
- Profit Split During Evaluation: 10%
- Profit Split Funded Account: 90/10 (up to 100/0)
- Tradeable: Commodities, Forex, Indices & Stocks
- Guaranteed Funding: $10,000,000
(Phase 2 details)
- Profit Target: 5%
- Overall Drawdown: 12%
- Daily Drawdown: None
- Minimum Trading Days: 5
- Maximum Trading Days: 60
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Platforms: M4, M5
- Trading Restrictions: No
- Profit Split During Evaluation: 10%
- Profit Split Funded Account: 90/10 (up to 100/0)
- Tradeable: Commodities, Forex, Indices & Stocks
- Guaranteed Funding: $10,000,000
- Account Sizes: $25,000, $50,000, $100,000, $200,000
3) Two Step Challenge (No Time Limit)
(Phase 1 details)
- Virtual Profit Target: 10%
- Overall Drawdown: 10%
- Daily Drawdown: 5%
- Minimum Simulated Trading Days: 3
- Maximum Simulated Trading Days: None
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Platforms: M4, M5
- Trading Restrictions: No
- Virtual Profit Split During Evaluation: 10%
- Virtual Profit Split Funded Account: 90/10 (up to 100/0)
- Tradeable: Commodities, Forex, Indices & Stocks
- Guaranteed Simulated Funding: $10,000,000
(Phase 2 details)
- Virtual Profit Target: 5%
- Overall Drawdown: 10%
- Daily Drawdown: 5%
- Minimum Simulated Trading Days: 3
- Maximum Simulated Trading Days: None
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Platforms: M4, M5
- Trading Restrictions: No
- Virtual Profit Split During Evaluation: 10%
- Virtual Profit Split Funded Account: 90/10 (up to 100/0)
- Tradeable: Commodities, Forex, Indices & Stocks
- Guaranteed Simulated Funding: $10,000,000
- Account Sizes: $25,000, $50,000, $100,000, $200,000
4) Instant Funding
- Starting Capital: $10,000 USD – $200,000 USD
- Minimum For Withdrawal: 5%
- Overall Drawdown: 5%
- Daily Drawdown: 5%
- Minimum Simulated Trading Days: 5
- EA’s, Signals, Overnight & Weekend Position(s) Accepted: Yes
- Platforms: M4, M5
- Virtual Profit Split Funded Account: 80/20 (up to 100/0)
- Tradeable: Commodities, Forex, Indices & Stocks
- Guaranteed Simulated Funding: $10,000,000
- Account Sizes: $10,000, $25,000, $50,000, $100,000, $200,000
What Sets ForexPropFirm Apart?
ForexPropFirm distinguishes itself in several key ways:
- 10% Virtual Profit Share: From the very start, ForexPropFirm offers a generous 10% virtual profit share, rewarding promising traders for their skills and dedication.
- Bi-Monthly Payouts: Once virtually funded, traders can request unlimited withdrawals anytime, with payouts sent on the 1st and 16th of each month, hassle-free.
- Scaling Plan: The firm offers a straightforward scaling plan, allowing traders to reach up to $10,000,000 USD with simulated capital, empowering traders to build their wealth.
- 90% Virtual Profit Split: ForexPropFirm stands out as the only prop firm offering a remarkable 90% virtual profit share from day one.
- Flexible Payouts: There's no maximum relative drawdown, and traders can request payouts on-demand without waiting, thanks to the 1st and 16th payout schedule.
Achieve Financial Freedom with ForexPropFirm
ForexPropFirm seeks experienced traders who can predict market movements. If you can demonstrate your trading prowess through their programs, you'll join their team and trade with real money on live accounts. Unlike competitors, ForexPropFirm offers a VIP experience from the beginning.
ForexPropFirm's programs are designed to be transparent, fair, and pressure-free. There are no monthly fees, and you can progress at your own pace, ensuring high-quality traders access funding.
ForexPropFirm opens the door to financial freedom for skilled traders. Join today and embark on a journey to unlock your potential in the world of trading.
FAQs
1. Can I do scalping on the Account?
Yes, you can engage in scalping with any trading models.
2. Is Copy Trading Allowed?
You can copy trades from your personal account to a challenge account with us, but mass copying or taking the same trades on multiple challenge accounts is not allowed.
3. Can you use EA to trade on the account?
EAs are allowed, except for High-Frequency EAs, High-Speed Scalping, and certain arbitrage trading methods.
4. Can I trade on weekends?
Yes, you can trade cryptocurrencies on weekends with our Funding Program.
5. How long can I keep the account inactive?
After receiving the account, you must start trading within the next 30 days. Inactivity for 30 days straight is not permitted.
6. Is there any Lot Size Restrictions?
There are no lot size restrictions, but the maximum lot size depends on your trades, risk management, and available free margin.
7. Do you have a relative or absolute drawdown?
The Max drawdown on our Funding Program is Absolute and not Relative. Daily drawdown is based on your daily trading activities.
8. What assets can I trade with your Funding Program?
You can trade Forex, Commodities, Indices, Cryptocurrencies, and Stocks with our Funding Program.
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