The Funded Trader Program, established in May 2021 and headquartered in the USA, stands out as a top proprietary trading firm in the forex industry. Offering traders the opportunity to manage capital up to $1,500,000 with a profit split reaching up to 90%, the firm is drawing attention from forex traders worldwide. Among its offerings, the Rapid Challenge presents an accelerated route for traders aiming to qualify for funding.
Details of the Rapid Challenge
The Rapid Challenge is tailored for traders looking for a swift evaluation process. Here are the specifics regarding account sizes and the challenge rules:
Account Sizes and Fees
- $50,000 account for a one-time fee of $299
- $100,000 account for a one-time fee of $499
- $200,000 account for a one-time fee of $899
Rapid Challenge Rules
- Profit target for Phase 1: 8%
- Profit target for Phase 2: 5%
- Daily drawdown limit: 5%
- Overall drawdown limit: 8%
- Minimum trading days: 0 calendar days, offering flexibility to reach targets at any pace
- Maximum trading period for Phase 1: 35 calendar days
- Maximum trading period for Phase 2: 60 calendar days
- Leverage: 1:100
Successful completion of the Rapid Challenge grants traders a funded account with an 80% profit split initially, which can increase to 90% upon scaling the account.
Scaling Plan for Rapid Challenge
The scaling plan for the Rapid Challenge encourages consistent profitability with attractive terms for scaling. To qualify for scaling, a trader must achieve a 10% profit in one profit split. Furthermore, achieving this target enables an additional 10% increase in account balance upon withdrawal, provided the withdrawal exceeds 10% of the initial account balance. Importantly, if a trader meets the 10% scaling criteria in two out of three months, they become eligible for a permanent 90% profit split.
This rapid evaluation process underscores The Funded Trader Program’s commitment to providing versatile and trader-friendly pathways to funding. With its competitive structure, the Rapid Challenge caters to proficient traders eager to demonstrate their skills under a more condensed timeline.
