Success Fund Traders (SFT) was a Dubai-based proprietary trading firm that provided traders the opportunity to manage accounts up to $4 million. Before its closure, SFT allowed traders to enhance their skills through a series of trading challenges, offering flexible risk and reward options.

Company Information

Company Name: Success Fund Traders
Company Legal Name: SUCCESS FUND TRADER FZCO
Company Registration No.: 25670
Operating Since: 2023
Company Location: IFZA Business Park, Dubai Silicon Oasis, Dubai

Challenge Details

Success Fund Traders had offered three distinct challenges—Conservative, Balanced, and Volatile—designed for traders with different levels of risk tolerance and trading styles. Each challenge had specific rules, pricing, and profit-sharing models.

Conservative Challenge

Pricing:

$5,000 account: $45
$10,000 account: $85
$25,000 account: $126
$50,000 account: $200
$100,000 account: $346
$200,000 account: $486
$300,000 account: $646
$400,000 account: $765

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Max Drawdown: 6%
Daily Drawdown: 3%
Profit Share: 80%–95%
Drawdown Type: Equity-based
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No restrictions
Payout Frequency: Every 30 days
Copy Trading Allowed: Yes
Min Trading Days: 0

Balanced Challenge

Pricing:

$5,000 account: $60
$10,000 account: $120
$25,000 account: $190
$50,000 account: $280
$100,000 account: $480
$200,000 account: $930
$300,000 account: $1,390
$400,000 account: $1,860

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Max Drawdown: 10%
Daily Drawdown: 5%
Profit Share: 80%–95%
Drawdown Type: Equity-based
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No restrictions
Payout Frequency: Every 30 days
Copy Trading Allowed: Yes
Min Trading Days: 0

Volatile Challenge

Pricing:

$5,000 account: $80
$10,000 account: $145
$25,000 account: $326
$50,000 account: $586
$100,000 account: $1,054
$200,000 account: $1,896
$300,000 account: $2,559
$400,000 account: $3,070

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Max Drawdown: 15%
Daily Drawdown: 5%
Profit Share: 80%–95%
Drawdown Type: Equity-based
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No restrictions
Payout Frequency: Every 30 days
Copy Trading Allowed: Yes
Min Trading Days: 0

Scaling Plan

Before closing, Success Fund Traders had an exciting scaling plan that rewarded consistent traders by increasing their capital allocation and profit share from 80% to up to 95%. Through milestone achievements, traders had the chance to manage up to $4 million in trading capital.

Spreads and News Trading Rules

Spreads:

The firm had offered competitive spreads to minimize trading costs and ensure efficiency.

News Trading Rules:

For non-funded accounts, news trading was permitted.
News trading was prohibited for funded accounts to mitigate the risks of high volatility during market-moving events.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown was calculated based on an equity based drawdown, which means the daily drawdown will grow or shrinks as the balance or equity of the account increases and decreases.

Countries Banned from Purchasing:

Success Fund Trader had not mentioned any restricted countries which they did not provide their services.

Gambling Rules:

High-risk, gambling-like strategies such as martingale or doubling down were strictly forbidden. Traders had to adhere to risk management rules to stay compliant.

Prohibited Trading Strategies

Allowed Strategies:

Technical and fundamental analysis
Algorithmic trading within defined limits
Scalping and day trading

Prohibited Strategies:

Martingale or doubling down
Arbitrage or price manipulation
Unauthorized automated trading software
Hedging strategies with a funded account

Payout Methods

SFT had offered quick and efficient payout methods. Traders could request payouts to their bank accounts or crypto wallets, with approvals processed within 24 hours. Once approved, the funds would be transferred within the same time frame.

Trading Commissions

A commission fee of $7 per lot traded was applicable. This was divided into $3.5 for the opening and $3.5 for the closing of each trade.

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