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.

Company Information

Company Name: For Traders
Company Legal Name: BLN TECH CLUB DMCC
Company Registration No.: DMCC-882990
Operating Since: July 23
CEO Name: Jakub Roz

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.