For Traders is a Forex Prop Trading Firm legally known as BLN TECH CLUB DMCC which was started in July 2023. They provide exciting trading challenges for both new and experienced traders. With options like One-Step and Two-Step challenges, you can start with accounts from $5,000 to $100,000. The firm offers clear profit targets, flexible drawdown rules, and quick payouts. Backed by user-friendly trading platforms and a helpful support team, For Traders helps you build your skills and strategies in a professional and transparent setting. For Traders also offers full access to their trading course which includes 12+ Videos of over 2 hours which is great for beginner traders.

Challenge Details

For Traders offers a One-Step Evaluation, Two-Step Evaluation programs, and a Two-Step Pro Evaluation Program.

Two-Step Pro Details:

Pricing:

$6,000: $42
$15,000: $84
$25,000: $161
$50,000: $229
$100,000: $416

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Total Loss: 10%
Daily Loss: 2%
Profit Share: 80%
Drawdown Type: Static
Time Limit: No limit
Leverage: 1:100
Max Lot Size:
- Challenge Phase (both Phases):
  - FOREX: 1:125
  - INDICES: 1:20
  - COMMODITIES: 1:40
- Funded Phase:
  - FOREX: 1:40
  - INDICES: 1:10
  - COMMODITIES: 1:10
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: None

Two-Step Details:

Pricing:

$6,000: $50
$15,000: $99
$25,000: $178
$50,000: $254
$100,000: $467

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static
Time Limit: No limit
Leverage:
- Challenge Phase (both Phases):
  - FOREX: 1:125
  - INDICES: 1:20
  - COMMODITIES: 1:40
- Funded Phase:
  - FOREX: 1:40
  - INDICES: 1:10
  - COMMODITIES: 1:10
Max Lot Size: 1:100
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: None

One-Step Details:

Pricing:

$6,000: $50
$15,000: $99
$25,000: $178
$50,000: $254
$100,000: $450

Rules:

Profit Target (Phase 1): 9%
Total Loss: 6%
Daily Loss: 3%
Profit Share: 80%
Drawdown Type: Static
Time Limit: No limit
Leverage:
- Challenge Phase (both Phases):
  - FOREX: 1:125
  - INDICES: 1:20
  - COMMODITIES: 1:40
- Funded Phase:
  - FOREX: 1:40
  - INDICES: 1:10
  - COMMODITIES: 1:10
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: None

Scaling Plan

There is no scaling plan offered by For Traders.

Spreads and News Trading Rules

Spreads:

The spread is floating, which means it varies throughout the day based on market conditions.

News Trading Rules:

Traders can hold their positions during news events, but Traders are not allowed to open or close any trades within five minutes before or after high-impact news releases. This rule is in place to help prevent volatility and ensure a fair trading environment.

Other Important Rules:

Daily Drawdown Calculation:

The daily drawdown is set at either 4% of your initial account balance or a customizable amount during your challenge purchase.

Countries Banned from Purchasing:

Unfortunately, the following countries are restricted to purchase challenge accounts from For Traders:

Pakistan
Iran
Syria
Myanmar
Bangladesh
Vietnam
North Korea
Russia
Belarus
Cuba
Lebanon
Libya
Sudan
Crimea, Donetsk, and Luhansk regions of Ukraine
United Arab Emirates

Gambling Rules:

For Traders emphasizes responsible trading practices. Avoid the following:

Overleveraging
One-sided betting
Account rolling
Passing the challenge in one trade

Prohibited Trading Strategies:

Hedging: Not allowed between accounts.
Grid Trading: Banned due to potential market manipulation.
Tick Scalping: Not permitted, as it involves rapid trading for small profits.

Payout Methods:

You can enjoy hassle-free payouts via bank transfer, crypto, and many local payment methods.

Trading Commissions:

A standard commission of $5 per lot applies across assets, except indices, which have $0 commission.

IP Rule:

For Traders may have specific IP restrictions; ensure your trading location complies with their guidelines.

Company Information

Challenge Details

Two-Step Pro Details:

Two-Step Details:

One-Step Details:

Scaling Plan

Spreads and News Trading Rules

Spreads:

News Trading Rules:

Other Important Rules:

Daily Drawdown Calculation:

Countries Banned from Purchasing:

Gambling Rules:

Prohibited Trading Strategies:

Payout Methods:

Trading Commissions:

IP Rule:

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