placeholder
PropFirm
Trader Funding Program


Doubtful


Overview of Trader Funding Program Forex Prop Firm

TheTrustedProp
Date: May 10, 2024

In the world of financial trading, access to capital can be a significant hurdle for aspiring traders. However, there are programs and firms that offer solutions to this problem, one of which is the Trader Funding Program by Forex Analytix. In this article, we will delve into the details of this program, exploring company information, eligibility criteria, and the unique benefits it offers to traders.

Company Details

Name: Trader Funding Program

Legal Name: Forex Analytix LLC

CEO: Blake Morrow

Started in: 2020

Registered in: Scottsdale, Arizona, USA

Forex Analytix LLC, under the leadership of CEO Blake Morrow, introduced the Trader Funding Program in 2020. This program aims to provide traders with the opportunity to trade a funded account, eliminating the need to risk their own capital.

Challenge Details

Evaluation Program

  • Daily Max Drawdown: 5%, based on the prior day's closing balance
  • Max Account Trailing Drawdown: -6%, based on the high water mark, and it trails up as the account balance increases, locking at the starting balance.
  • Equity Growth Target to Qualify for Live Account: 10% ($2,500)
  • Qualification Period: UNLIMITED, but traders need to make at least one trade every 30 days
  • Live Account Gains Split: Traders can keep 75% or 90% (with an additional cost) or compound their account and withdraw gains at any time.

Account Sizes

Traders can choose from various account sizes, ranging from $25,000 to $1,000,000.

Other Details

  • Participants don't trade with their own money but with a live funded account.
  • Forex Analytix covers losses, sharing 75% of the gains with standard TFP accounts, or 90% with an extra initial cost.

How It Works

The Trader Funding Program provides individuals with the opportunity to trade their own live funded account. While there are other options for funded trading, Forex Analytix stands out due to its ongoing support.

Learn to Trade

Traders at all levels of experience can benefit from the Forex Analytix Trader Funding Program. Whether you're a novice or an experienced trader, the program aims to enhance your skills.

Get Trade Ideas

The program encourages traders to use the Forex Analytix service to interact with the community and generate trade ideas, potentially turning them into profitable trades.

Get Funded

To qualify for a funded live account, traders need to pass an assessment on a DEMO account, proving their trading skills. Successful candidates can then trade a funded live account and enjoy the majority of the gains.

Be Supported by a Trading Community

Forex Analytix offers a supportive community that sets it apart from other funding options. The support includes analysis, charts, ideas, chatrooms, webinars, and more.

Trader Funding Program by Forex Analytix

If you're looking to take the first step toward trading a funded account and want ongoing support, consider registering for the Trader Funding Program by Forex Analytix.

Our Community

Why Is Trading with Forex Analytix Different?

Forex Analytix has been running daily webinars for years, fostering a thriving community in its live chat rooms. Traders of all backgrounds, whether full-time or part-time, former bank traders, or others, find value in this community.

Our Technology

Forex Analytix provides a unique advantage with its technology, offering a mobile app for accessing analysis and trade ideas on the go. Notifications, support and resistance levels, breaking news, and access to chatrooms are available on mobile devices.

Our Approach

Forex Analytix has a straightforward approach to funding traders. To qualify, traders must generate a 10% return without losing more than 6% overall or losing more than 5% per day while trading at least once every 30 days. Traders can also purchase an add-on to carry trades over weekends.

There are no hidden requirements, constraints, frequency rules, or time limits. Successful candidates receive free access to the Forex Analytix Premium service based on the account size chosen, with a maximum of 24 months of accumulated free access.

Once funded, traders continue to receive support from Forex Analytix, including the opportunity to participate in daily shows and access advanced performance analytics.

FAQs

What is the difference between a Hard Breach and Soft Breach rule?

  • Soft Breach: It means that all trades violating the rule will be closed. However, traders can continue trading in their Assessment or Funded account.
  • Hard Breach: A hard breach occurs when the Daily Loss Limit or Max Trailing Drawdown rule is violated. Both rules constitute a hard breach. In the event of a hard breach, traders fail the Assessment or have their Funded account taken away.

Can I hold positions over the weekend?

All trades must be closed by 3:45 pm EST on Friday. Any open trades after this time will automatically be closed. Traders can purchase an add-on to bypass this weekend rule.

Is there a breach for inactivity?

Yes, there is. If a trader does not place a trade at least once every 30 days on their account, it will be considered inactive, leading to an account breach. An inactivity breach is irreversible.

What Countries are accepted?

Traders from all countries, excluding OFAC listed countries, can participate in the program, subject to compliance with applicable laws and regulations.

What products can I trade?

Traders can trade any products offered by the Broker, including FX pairs, CFD Indices, Metals, Equity Shares, and Cryptocurrencies.

Can I use an Expert Advisor?

Subject to the policy on Prohibited Trading, traders can use an Expert Advisor.

Can I trade during News Events?

Yes, traders can trade during news events, provided that pricing data from the Broker continues to be provided.

We Want You to Succeed!

One of the standout features of the Trader Funding Program by Forex Analytix is the commitment to the success of its participants. The program is designed with the intention of nurturing traders and helping them grow their trading skills and portfolios. Here's how Forex Analytix goes the extra mile to ensure your success:

Ongoing Support

Once you become a part of the Trader Funding Program, you won't be left to fend for yourself. Forex Analytix provides continuous support to all funded traders. This support includes access to daily webinars, chat rooms, and a wealth of resources to help you stay informed and make informed trading decisions.

Speaker and Success Story Opportunities

Forex Analytix offers a unique opportunity for funded traders to become part of their renowned FACE (Forex Analytix Community Experience) daily shows. As a speaker and success story, you can share your experiences, insights, and trading strategies with the community. This not only allows you to showcase your skills but also contributes to your growth as a trader.

Equal Opportunity

Forex Analytix believes in a merit-based recruitment process. Regardless of your location, educational background, employment history, age, or other demographics, the program offers an equal opportunity to anyone aspiring to be a trader. This commitment to inclusivity is a testament to their dedication to fostering trading talent worldwide.

Advanced Performance Analytics

While trading with Forex Analytix, you'll have access to advanced performance analytics through an intuitive user dashboard. This feature provides real-time data and insights into your trading performance. Having this information readily available can significantly enhance your efficiency and further boost your trading results.

 

In conclusion, the Trader Funding Program by Forex Analytix is a comprehensive and supportive platform designed to help traders succeed in the world of financial markets. With its commitment to ongoing support, inclusivity, and access to advanced analytics, it presents a valuable opportunity for both aspiring and experienced traders. If you're looking to take the next exciting step in your trading journey, consider registering for the Trader Funding Program by Forex Analytix.

FAQs

Soft Breach: It means that all trades violating the rule will be closed. However, traders can continue trading in their Assessment or Funded account. Hard Breach: A hard breach occurs when the Daily Loss Limit or Max Trailing Drawdown rule is violated. Both rules constitute a hard breach. In the event of a hard breach, traders fail the Assessment or have their Funded account taken away.

All trades must be closed by 3:45 pm EST on Friday. Any open trades after this time will automatically be closed. Traders can purchase an add-on to bypass this weekend rule.

Yes, there is. If a trader does not place a trade at least once every 30 days on their account, it will be considered inactive, leading to an account breach. An inactivity breach is irreversible.

Traders from all countries, excluding OFAC listed countries, can participate in the program, subject to compliance with applicable laws and regulations.

Traders can trade any products offered by the Broker, including FX pairs, CFD Indices, Metals, Equity Shares, and Cryptocurrencies.

Subject to the policy on Prohibited Trading, traders can use an Expert Advisor.

Yes, traders can trade during news events, provided that pricing data from the Broker continues to be provided.

PropFirm
Trader Funding Program


Doubtful


Comments