Direct Funded Trader, established on February 28, 2023, in the United Arab Emirates, is quickly making its mark as one of the rapidly evolving prop trading firms. Offering traders up to $200,000 in account balance with an 80% profit split, Direct Funded Trader presents a unique opportunity through its Two-Step Evaluation Program designed to uncover and nurture trading talent.
Two-Step Evaluation Program Overview
The Two-Step Evaluation Program is tailored to identify traders who demonstrate consistency and proficiency over two distinct phases. With 1:100 leverage, this program challenges traders to meet specific objectives while adhering to predefined risk management rules.
Phase One Objectives:
- Profit Target: Reach an 8% profit target without exceeding a 5% maximum daily loss or a 10% overall loss.
- Time Frame: No maximum trading day requirement, but a minimum of five trading days is necessary to advance to Phase Two.
Phase Two Objectives:
- Profit Target: Achieve a 5% profit target while adhering to the same 5% maximum daily loss and 10% overall loss restrictions as Phase One.
- Time Frame: Similar to Phase One, there’s no maximum trading day limit, yet a minimum of five trading days is required to qualify for a funded account.
Transition to Funded Account:
Upon successfully completing both evaluation phases, traders are granted a funded account. In this phase, there are no profit targets; however, traders must continue to respect the 5% maximum daily loss and 10% overall loss rules to maintain their account standing.
This overview of the Direct Funded Trader Two-Step Evaluation Program aims to provide potential traders with a clear understanding of the expectations and requirements for participating in the program. Direct Funded Trader is committed to supporting its traders’ journey to success, offering a structured pathway to achieve professional trading objectives.
