Brief informationFor Traders
The international Forex prop trading firm For Traders positions itself as an evaluation platform for market participants. The company holds challenges to select professional traders and then finances their work on the exchange. In addition, the official website fortraders.com offers an extensive database of educational materials and access to a discord community with a daily review of strategies and support.
The operating address of ForTraders prop firm is Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates. The platform has a DMCC-882990 license, which does not cover financial activities. The company also has offices in the Czech Republic and Malaysia. The owner of the brand is FT Trading Ltd, registered in Saint Lucia.
To contact For Traders prop trading firm, you can use the phone number +971 04 386 8000, email support@fortraders.com, or online chat. The company promises 24-hour support on weekdays. The project also has communities in popular social networks.
ForTraders trading challenge terms
The platform promises successful participants access to Master Account and up to 90% profit upon successful completion of assessment tests. At the same time, For Traders prop firm itself takes on all risks and losses at the demo stage. The user can immediately proceed to real earnings without completing challenges by paying for access to Instant Master Account.
A participant of FT Trading Ltd can choose one of 3 groups of instruments for testing:
currency pairs;
cryptocurrencies;
futures.
Let's look at the available formats within the Forex challenges.
Accounts plans at For Traders
The company offers the following schemes to choose from:
One-Step Challenge. Available virtual capital is $6,000, $15,000, $25,000, $50,000 and $100,000. One-time participation fee is $42, $84, $152, $212 and $399 respectively. Target profit is 9%. Max drawdown is 6% of the maximum balance. Daily drawdown is 3%. Leverage is from x20 to x125. ForTraders promises 80% of the profit in favor of the participant and payments twice a week.
Two-Step Challenge. The same amount of virtual funds. Participation fee is $57, $99, $174, $262 and $467 respectively. Target profit for the first phase is 8%, for the second one — 4%. Daily and max drawdown are 4% and 8%. For Traders prop firm has set the same payout frequency, leverage and profit distribution.
Three-Step Challenge. Virtual capital as in the One-Step test. Participant's contribution is $20, $67, $127, $200 and $297. Forex prop trading firm has set a time limit of 180 days. The target profit is 2% for phase 1, 4% for phase 2 and 6% for phase 3. Max and daily drawdown — 5% and 3%. The terms of payments are similar.
Instant Master. ForTraders prop firm promises to provide $3k, $6k, $15k, $25k, 50k or $100k of virtual funds. One-time fees are $39, $76, $118, $203, $339 and $586. A successful participant receives 90% of ForTraders profit with a max drawdown of 5% and a daily drawdown of 3%.
The company offers to complete challenges on the MT 5, cTrader and TradeLocker platforms.
Registration and personal account on fortraders.com
To create a profile, you need to select a suitable tariff and trading platform, create a password and enter an email. You can also log in to your For Traders personal account through a Google or Apple account.
Deposits and withdrawals with ForTraders
The company offers to replenish an account and withdraw money from For Traders using:
payment cards;
bank transfers;
crypto wallets;
online payments.
The minimum amount for cashout is $100. The commission is from $25 to $50, depending on the payment method. Application processing takes up to 2 days. Other details can be clarified by phone +971 04 386 8000.
Conclusion about For Traders
This Forex prop trading firm is a prestigious platform for traders who want to receive real financing. It should be noted that due to international sanctions and requirements of financial regulators, the company does not allow traders from Russia to test. Reviews of For Traders will help you study the experience of cooperation of real participants of the project.
