For Traders is an evaluation and education firm for traders. We give you a unique opportunity to evaluate your trading skills through our trading challenges, trade on demo accounts with virtual capital, and earn real profits as a reward for your success. Essentially, we evaluate your skill, and then you're given a pool of virtual money to trade and maximize profits.

What capital will I trade with if I buy a challenge in For Traders?

All accounts provided by For Traders are demo accounts with virtual funds. For Traders Accounts (Funded Stage) should not be considered live trading accounts. These Funded Accounts exist solely in a simulated environment, utilizing real market quotes sourced from liquidity providers.

Do you copy trades to live funds in For Traders?

For the vast majority of users, we do not copy trades to live funds. However, we retain the option to utilize a select few users' trading strategies and data for conducting trades with For Traders Trading's own accounts in real markets. For Traders is committed to collecting and analyzing data from a wide array of For Traders traders, with the goal of developing in-house trading strategies that are most likely to consistently yield returns. We will also use the data gathered to offer insights to our own or 3rd party hedge fund or PE firms engaged in real trading.

News Trading in For Traders?

You can hold over the news but you can't open or close any trades within 5 minutes before and 5 minutes after a high-impact news release.

What is KYC and what documents will I need for KYC in For Traders?

KYC stands for 'Know Your Customer'. It's essentially a process that companies use to verify the identities of their customers. The primary goal of the KYC procedure is to confirm your identity and your residence outside of high-risk countries, such as North Korea. KYC includes ID verification and a Liveness check, which involves a selfie to prove that you are indeed the holder of the ID. If the document used for ID verification does not include your address—like an electricity bill might—another document that does contain your address will be required. The KYC process is handled by an external provider, Sumsub, and typically takes 2-3 minutes to complete. In addition to KYC, we may also conduct a verification call to further confirm your identity. This verification occurs after you have completed a challenge and before you are granted access to the For Traders Account (Funded Stage).

What are our payout options and how long does the payout take in For Traders?

Traders can request their first payout after 14 days of successful trading, and subsequently, payouts can be requested on a Bi-Weekly basis. Once requested, our risk department begins reviewing your account. Please note that this process may take up to 48 hours.

What does the Daily Drawdown and Max Drawdown mean and how is it calculated in For Traders?

Daily Drawdown "Daily Drawdown" is a critical rule and it's set at either 4% of your initial account balance, or at the amount you customize during your challenge purchase. The sum of all your positions (both closed and open) for the day must not hit or exceed this "Daily Drawdown". If you end the day with losses totaling more than this limit, it's considered a rule violation. Importantly, the "Daily Drawdown" moves in sync with the initial balance of each new trading day. Every midnight (Summer server time: GMT+3, Winter server time GMT+2), it resets to the initial percentage limit (e.g., 4%) of the account balance at that moment. Max Drawdown The "Max Drawdown" feature works a bit differently on the One-Step Challenge and the Two-Step Challenge. Unlike "Daily Drawdown", which resets daily, "Max Drawdown" considers all your open and closed profits/losses over time.

What does the Profit Target mean and how is it calculated in For Traders?

Profit Target is the amount of profit you must achieve in a specific Phase of the Challenge. The Profit Target is calculated as the profit you have earned on closed positions, i.e. the Profit Target does not include currently open positions. To successfully progress to Phase 2 and then to the Funded portion, you must close all of your positions. For example, if you have a profit of 12% in Phase 1, you have met the Profit Target, but in the next Phase you start from the beginning again.

What is the Minimum Trading Days in For Traders?

The minimum trading days to pass the challenge is 3. You cannot skip or adjust this rule, you must trade for at least three days in each phase of the challenge to pass it. E.g.: if you hit the profit target in Phase 1 in 2 days, you cannot just skip to Phase 2, you have to trade for one more day and then, if you still check all the criteria, you passed Phase 1 and you may move to the next one.