Company Information

Company Name: Speed Funded Traders
Note : There is no legal information available related to Speed Funded Traders

Challenge Details

Speed Funded Traders offered two different funding programs to get you funded: Instant Funding and 2-Step Evaluation.

Instant Funding

Pricing:

Size: $5,000 ($53)
Size: $10,000 ($85)
Size: $20,000 ($129)
Size: $50,000 ($270)
Size: $100,000 ($485)
Size: $200,000 ($899)

Rules:

Profit Target: 10%
Daily Drawdown: 5%
Maximum Drawdown: 10%
Leverage: 1:200
Minimum Trading Days: 0
Challenge Period: Unlimited
Weekend Holding: Allowed
High Impact News Trading: Allowed
EA (Expert Advisors): Allowed

2-Step Evaluation

Pricing:

Size: $5,000 ($29)
Size: $10,000 ($45)
Size: $25,000 ($87)
Size: $50,000 ($155)
Size: $100,000 ($300)
Size: $200,000 ($418)
Size: $300,000 ($629)

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): [Insert Phase 2 Target]
Daily Drawdown: 5%
Maximum Drawdown: 12%
Leverage: 1:100
Minimum Trading Days: 0
Challenge Period: Unlimited
Weekend Holding: Allowed
High Impact News Trading: Allowed

Scaling Plan

Speed Funded Traders oid not offer any scaling plan.

Spreads and News Trading Rules

Spreads:

Speed Funded Traders claimed to provided some of the tightest spreads in the industry.

News Trading Rules:

High-impact news trading was allowed, so the traders wouldn't have to worry about restricting their strategies around news events.

Other Important Rules

Daily Drawdown Calculation

The daily drawdown was calculated based on equity based drawdown which means the drawdown limit could increase or decrease based on the account size at any given time.

Countries Banned from Purchasing

Speed Funded Traders did not restrict any country from using their services.

Prohibited Trading Strategies

Speed Funded Traders did not mention the list of trading strategies that are prohibited.

Payout Methods

Speed Funded Traders did not provide the information related to their payout methods.

Trading Commissions

Speed Funded Traders did not mention the exact information on their commission charges in each instrument but they have claimed to provide the lowest commissions.

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Speed Funded Traders

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