Company Information

Company Name: Trader Funding Program
Company Legal Name: FOREX ANALYTIX LLC
Company Registration No.: L19987989
Operating Since: 2020
CEO Name: Blake Morrow

Challenge Details

The Trader Funding Program offers various account sizes to suit traders of different experience levels and capital requirements. Let’s break down the pricing and the rules you’ll need to follow to succeed.

Pricing

$25,000 Account Size: $250
$50,000 Account Size: $500
$100,000 Account Size: $1,000
$250,000 Account Size: $2,500
$500,000 Account Size: $5,000
$1,000,000 Account Size: $10,000

Rules

To succeed in the Trader Funding Program, you'll need to meet certain trading criteria. Let’s go over the main rules you’ll need to follow:

Profit Target: 10%
Total Loss Limit: 6%
Daily Loss Limit: 5%
Profit Share: 75%, up to 90% with an add-on.
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage: 20:1 on Forex and Metals, 10:1 on Indices, and 2:1 on Cryptos.
Max Lot Size : No Rule
Payout Frequency : 30 Days
Allows Copy Trading : No
Min Trading Days : 5 Days

Scaling Plan

The Trader Funding Program does not currently offer a scaling plan.

Spreads and News Trading Rules

Spreads

Trader Funding Program hasn’t specified the exact spreads.

News Trading Rules

Trader Funding Program allows traders to trade during news events but traders cannot open new orders three minutes before or after a news event. However, traders can modify stop losses on existing trades and close positions if necessary within this time window. To make the rule more favorable for traders if they have a pending order that triggers within this period, it’s allowed.

Other Important Rules

Daily Drawdown Calculation

The daily loss limit resets daily based on your previous day’s balance, not equity. This approach, unlike many other firms, allows you to scale your profits without fear of account closure. The daily stop compounding as your account grows makes this program ideal for disciplined traders.

Countries Banned from Purchasing

Traders from all countries, excluding those on the OFAC sanctions list, can participate in the Trader Funding Program. This restriction is standard for regulatory compliance. Traders can check the OFAC sanctioned countries list here - https://ofac.treasury.gov/sanctions-programs-and-country-information

Prohibited Trading Strategies

The Trader Funding Program places high importance on ethical and compliant trading practices. Here’s a list of trading strategies that are prohibited:

Pricing Exploits: Trading with errors or latency in broker data or platform functionality.
Insider Information: Using confidential or non-public information to make trades.
Front-Running: Engaging in trades based on other orders.
Broker Relationship Risks: Any trade that might harm the broker relationship or lead to trade cancellations.
Regulatory Violations: Trades that could create compliance issues for the broker.
Third-Party Strategies: No using off-the-shelf or third-party strategies marketed to pass challenges.
Switching Strategies: Don’t switch strategies between the assessment and funded account.
Equity CFD Holding During Earnings: You must close Single Share Equity CFD positions before earnings announcements to avoid immediate account breaches.
End-of-Day Arbitrage: Prohibited from trying to profit from market gaps at the end of the day.
Account Arbitrage: Attempting to exploit account disparities between assessment and funded accounts or third-party firms.

Engaging in any prohibited trading activity may lead to account termination as well as losing access to funding opportunities in the future.

Payout Methods

Trader Funding Program has not mentioned their payout method.

Trading Commissions

Trader Funding Program uses RAW accounts with commission charges on Forex and Equity Share CFDs. Other asset classes do not have additional commission charges.

IP Rule

No specific IP restrictions are mentioned for the Trader Funding Program, but traders are advised to use the same device to trade from which they purchase the challenge account.

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Trader Funding Program

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