Company Information

• Company Name: FT9ja
• Company Legal Name: Asokoro Technologies Limited
• Country of Registration: Nigeria
• CEO Name: Not available
• Support Email: [email protected]
• Phone: +2348138462394

Challenge Details

FT9ja provides two main challenge types for traders to choose from: the Classic Challenge and the Challenge. Both come with different pricing, rules, and profit targets, making them suitable for traders of all experience levels.

Classic Challenge

Price:

• Size: $1,000 – $15
• Size: $3,000 – $42
• Size: $5,000 – $64
• Size: $25,000 – $257

Rules:

• Profit Target: 25%
• Max Loss: 10%
• Daily Loss: 5%
• Leverage: 1:100
• Time Limit: Unlimited
• Minimum Trading Days: 10 days
• Payout Frequency: 28 days
• Allows Copy Trading: No

The Classic Challenge is a one-phase challenge, meaning you only need to hit a single profit target to pass. This can appeal to traders who are confident they can make consistent profits.

Challenge (Two-Phase Challenge)

Price:

• Size: $1,000 – $9
• Size: $5,000 – $41
• Size: $10,000 – $70
• Size: $25,000 – $141

Rules:

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Max Loss: 10%
• Daily Loss: 5%
• Leverage: 1:100
• Time Limit: Unlimited
• Minimum Trading Days: 6 days
• Payout Frequency: 28 days
• Allows Copy Trading: No

Scaling Plan

FT9ja does not offer any scaling plan but traders can compound their accounts up to 2x the original size.

Spreads and News Trading Rules

Spreads:

FT9ja doesn’t explicitly state its spreads, but it’s common for prop firms to offer competitive spreads on major pairs.

News Trading Rules:

There are no explicit prohibitions on news trading, which means you’re free to trade during major economic events unless otherwise stated.

Other Important Rules

Daily Drawdown Calculation

The daily drawdown is calculated based on Equity or balance whichever is higher at the start of the day. as it is equity based drawdown, the drawdown limit can grow or shrink as the account balance or floating balance increases orr decreases.

Countries Banned from Purchasing

At present, FT9ja does not have any country restrictions. Traders from across the globe are welcome to participate in their challenges.

Prohibited Trading Strategies

• Scalping: While short-term trading is allowed, positions held for less than 5 minutes are strictly prohibited.
• Copying Trades: You cannot copy trades from another FT9ja account or allow others to copy trades from your account. This ensures fair play across the platform.
• One-Sided Betting: Opening a large position on a single instrument and then placing significantly smaller positions afterward is prohibited.

Payout Methods

FT9ja has not specified its payout methods publicly. However, most prop firms typically offer payouts via bank transfers or cryptocurrencies.

Trading Commissions

FT9ja has not provided any information on the trading commission charged on any trade in instruments they offer.