- Terms & Conditions
- Refund Policy
- Privacy Policy
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Funded Prop Trading, or FPT Ltd, is a company providing notionally funded trading accounts to experienced traders. Once we confirm their skill through our Rapid (One-Step) or Two-Step Assessment process, they are given control of a Funded Trader Account, which simulates the real-market environment. If the Traders adhere to our risk management rules, they are entitled to receive 90% of generated profits (via add-on purchase upgrade from the standard 75% split).
The path to becoming a Funded Trader (FPTrader) is quite simple.
Step 1 - Register for access to our Dashboard and configure your account;
Step 2 - Stick to the Trading Rules by avoiding the drawdown limits and reach your Profit Targets to complete the Assessment stage.
Step 3 - Get your FPTrader account and start earning real money.
At Funded Prop Trading, we are dedicated to helping you overcome the common problems associated with trading. It is a difficult, yet rewarding task.
With FPT you will be able to manage Funded Trader Accounts with up to $500’000. We have put in place trading rules for helping you to properly plan your risk and create discipline in your approach. We are also constantly growing our Academy materials to assist you with the various aspects of trading. Thus, you will no longer face issues like undercapitalisation and limits to growth, psychological pressure and fear of losing your funds, or lack of discipline.
We use a straightforward process to evaluate a trader’s skills before allowing him to access and manage a Funded Trader Account.
You will use an account of your choice to trade and show consistency in achieving the predefined Target while adhering to our Trading Rules. If you are trading a 2-step assessment account, you will be asked to repeat the process but with a closer Profit Target, to reaffirm your skills before moving on to a Funded Account.
We do not require maximum trading days, which means that you can take as long as you need to complete the process.
In fact we do not impose minimum trading days neither and so you will have maximal trading flexibility to pass the assessment and receive your Funded Account.
The Profit Target represents the realized closed profit percentage that the trader must achieve in relation to their account's initial balance, in order to successfully pass the Assessment. Funded Accounts do not have Profit Targets or limits. Please refer to the Accounts Section for information on the profit Target for each plan.
The Daily Loss Limit is the maximum your account can lose on any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Stop compounds with the increase in your account.
For example, with a 5% Daily Loss Limit, if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating PL is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
The Max Drawdown can be Static or Trailing, depending on the account type you have chosen. Rapid (One-Step) accounts use Trailing Drawdown, while 2-Step accounts use Static Drawdown.
Static Max Drawdown
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.
Trailing Max Drawdown
The Maximum Trailing Drawdown is initially set at a specific % and trails (using Closed Balance, not Equity) your account until you have achieved a pre-defined % return in your account. Once you have achieved the % return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
For example, if your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $96,000. Next, let's say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your
account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.
For the most up-to-date Max Drawdown percentages for each plan, please refer to the Accounts Section .
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
Soft breach means that we will close all trades that have violated the specific rule. However, you will be able to continue trading in your Assessment or Funded Account.
Hard breach means that you violated either the Daily Loss Limit, Max Trailing Drawdown or Inactivity Period rule. In the event you have a hard breach, you will fail the Assessment or have your Funded Account taken away.
We require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.
However, we do offer a Hold Over Weekend add-on, which you can purchase at a fraction of the account price, so that you are able to keep your positions open during the weekend.
The lot sizes in our platforms are as follows:
Exceptions:
For Rapid (1-step) accounts, we offer up to 1:20 leverage on Forex and Metals, up to 1:10 leverage on Indices, up to 1:5 leverage on Oil and up to 1:2 leverage on Cryptocurrencies.
For 2-step accounts, the leverage for Forex and Metals is up to 1:30.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at the Company’s discretion.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade, and Platform 4 _5 offered via InterTrader
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol
Platform 4/5 - Right click symbol, select "Specification”
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
линк към Prohibited Trading
Each trader has their own style and so you are free to approach your trading in a way that is comfortable for you. Of course, we require you to perform proper risk management and stay away from practices which are not successful in real market conditions, which may constitute fraud or market abuse, or take advantage of such scenarios. Your trading must be consistent and applicable without issues to real market trading. Definitions of what we may consider Prohibited Trading can be easily found below.
You are prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but shall not be limited to:
If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions here
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
Funded accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
Upon purchasing an Assessment, you will receive access to a trader Dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Once you pass the Assessment, we provide you with a funded FPTrader account, backed by our capital. The capital in your FPTrader account is notional and may not match the amount of capital on deposit with the Liquidity Provider. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not impact your trading conditions in any way.
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your Know Your Customer verification and your Trader Agreement. Once both are completed and supporting documentation is provided, your FPTrader Funded Account will be created, funded and issued to you typically within 24-48 business hours. You will receive a confirmation email once this account is being enabled.
The current account sizes offered by FPT can be found here.
Your Funded Trader Account is always the same as the one you requested and used for the Assessment Process. Traders are entitled to up to an industry leading 90% of the generated gains in this account..
The rules for the Funded Account (FPTrader) are exactly the same as your Assessment account. However, with an FPTrader, there is no profit target.
You are allowed to take only one evaluation of a specific account size and a specific plan tier at a time across all trading platforms.
Example: You can have one 100k One Step Plan and one 100k Two Step Plan active simultaneously. However, you cannot have one 100k One Step Plan on DXTrade and another 100k One Step Plan on cTrader.
Maximum Assessment Limits:
A maximum of $1 million in active evaluation plans per person is permitted. This can be composed of multiple assessments, provided that none are the same account size and are within the same Step framework as described above.
Maximum Funded Limits:
A maximum of $1 million in active funded plans per person is permitted. If a customer passes multiple assessments and has 2 active funded accounts of the same account size, they will have 2 options:
Compounding Limits:
There are no limits on compounding. You can start with up to $1 million of initial funding and grow the account to any balance you desire, including $10 million, $20 million, and beyond.
FPTraders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your funded account, you can request a withdrawal. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. All such gains are distributed via the available outbound payment solutions offered from time to time. Once your withdrawal request is approved, we will pay the monies owed to you. We reserve the right to change the withdrawal methods and options at any time.
If you have gains in your FPTrader account at the time of a hard breach, you will still receive your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your funded account, you would be paid your portion thereof.
Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max drawdown will lock in at your starting balance. The Maximum Drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule. If you take a full withdrawal of the gains in your funded account, the Maximum Drawdown will still lock in at the starting balance and will therefore result in the forfeiting of your Funded Account, as your balance will trigger the Maximum Drawdown breach rule.
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the Broker reserve the right to refuse to accept any order.
No. We do not have any control over pricing from the liquidity provider or on the executions on your
trades.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the FPTrader Account. Such trades are executed at prices provided by arm’s length third parties. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.