Updated July 20, 2024
Three phases: Evaluation, Exhibition, and Funded Pro (live account)
Minimum 10 trading days to pass. Best day cannot be more than 40% of the profit target.
Express account: Minimum 7 trading days to pass. Any day cannot be more than 15% of profit target.
If consistency (40% or 15%) is not met, the profit target will increase and traders will not be not be disqualified.
Reach profit target in evaluation, and then lower profit target in Exhibition before moving to live funded (Funded Pro). Profits from Exhibition are carried to Funded Pro
Realized Drawdown: The drawdown is calculated after each positive trade is closed (Evaluation and Exhibition). Account balance must be maintained above drawdown limit at any time
Scaling: Maximum contracts eligible to trade at any given time depends on the account balance (see table). Exceeding the limit leads to account termination. If trader wishes to size up they can contact support after reaching the required account balance (Evaluation, Exhibition, Funded Pro). 10 micros = 1 mini
Must close orders / positions before 4:50 p.m. EST, New York. (Evaluation, Exhibition, Funded Pro)
You can trade during news (evaluation only)
Reset fee is $100
Free Trading Platforms: FundX (features Heatmaps, Footprints, TPOs, Volume studies, strategy builder, Trade copier, Windows, etc.). EdgeProX (features MBO feed full depth, Windows, macOS, Linux, etc.)
Permitted Micros: MES, MNQ, M2K, MYM, MCL, MBT, MET
Multiple accounts: Can have up to 10 accounts. Can copy trade up to 5 accounts
Automated trading is allowed at firms discretion
Caution / Prohibited: High Frequency Trading BOTS, exploiting simulated environment (refer FFN)
After reaching profit target, the evaluation account is audited.
Pay the Exhibition account setup fee of $120. In the meantime Funded-Pro (live) account is setup in 2-5 business days
Professional market data fee is $126/month in Funded Pro
Same rules of closing times and maximum contracts like in evaluation
Exhibition: Drawdown calculated like in evaluation
Funded Pro (live): Drawdown is fixed at account size+$100. For example with a 50k Funded Pro you start trading with $52,000, and the account is terminated when you dip below $50,100
Cannot trade 1 minute before and after high impact news for the corresponding product. Time and date available in trader dashboard
No resets
Request anytime when you exceed Minimum Threshold Balance (see table)
Minimum withdrawal amount is $1000. No cap on maximum.
Payouts are processed with 24 hours and issued 80% after deduction for FFN
Payouts issued through ACH, bank wire or PayPal
Realized drawdown (without daily loss limit) and not live trailing drawdown
Trading Platform with level 2 data
Copy trade up to 5 accounts
Request anytime when you exceed Minimum Threshold Balance