The trader always receives a free FTMO Challenge if they complete the FTMO Test or Verification without reaching the Profit Target but manage to stay within the Loss Limits (without going over the Max Everyday Loss and Max Loss) and end with any profit (even $0.01) while all positions closed. This is a significant advantage and not typical in this sector.
The FTMO Challenge trading goals are influenced by the selected currency, amount of risk, and account balance. You should first determine the sort of risk category you desire. Your maximum daily loss, if you choose the risk level Normal, is 5% of the opening balance of your account. 10% of the starting account value is the maximum loss allowed and the total profit target.
Assume you choose the Aggressive risk level, which doubles all values. This implies that your daily loss cap is 10%, and your total loss target and profit target are both 20% of your starting account amount. As a result, with the extreme risk level, there is more potential for the downside and a bigger profit objective must be met.
The currencies that are accepted are: USD, GBP, EUR, CZK, CAD, AUD, and CHF. For both risk levels, the account amounts are $10,000, $25,000, $50,000, and $100,000; the standard risk level additionally has a $200,000 balance. In conclusion, the chosen trading objectives specify the challenge fee, profit target, maximum daily loss, and maximum overall loss.
With a leveraged of up to 1:100 for forex trading at FTMO, a $10,000 account may trade with $1,000,000. There are 44 currencies that may be traded with FTMO, including all the big ones like EUR/USD and USD/JPY as well as some fewer common ones like USD/HKD or EUR/NOK.
Contrarily, traders may also use contracts for difference to trade 23 stocks, 4 cryptocurrencies, 4 futures contracts, 8 commodities, and 14 cash indices (CFDs).
Private Trading Firm FTMO
Traders that pass the evaluation are given funded accounts by FTMO. Contracts are signed by international traders from the United States with FTMO Trader US and by international traders with FTMO Trading Global.
Since traders directly deal with one brand from the beginning of the FTMO Challenge through the Verification procedure and up to the funded trading account, it is an easy solution.
Also read: 8xmovies – Hollywood Hindi Dubbed Movies
Forex, commodities, indices, oil, virtual currencies, and equities may all be traded on SurgeTrader. SurgeTrader charges $25k for a typical prop trading account with a 75:25 profit split, 10% profit objective, 4% daily loss, and 5% maximum trailing drawdown. Cost of this bundle is $250. It’s the best prop trading firms.
An intermediate account may be funded up to $50,000 for $400, a seasoned trader account can be funded up to $100,000, and an advanced trader account can be funded up to $250,000 for $1,800.
A master account costs $6,500 for a $1 million financing, compared to the expert account’s $3,500 cost for a $500,000 funding. As a result, SurgeTrader is among the prop trading firms with the most varied account choices available.
However, traders must retain up to 75% of their money together with their gains. Additionally, similarly like many prop trading firms, the account limitations are altered in response to a trader’s success.
You must abide by regulations that include reducing risks, closing positions before the weekend, and restricting the amount of open lots to no more than 1/10,000 of the account’s total value. For instance, up to a beginning balance of +5%, you cannot suffer a loss of more than 5%.
Split of profits: up to 75%.
- No ongoing monthly costs.
- Because there is no minimum number of trading days for account levels, you can easily qualify for larger financing limitations.
- Any tactic that works for you may be traded in.
- Share profits of up to 75%.
- Limit on trading is $1 million.
- In order to be eligible for a live-funded account, non-recurring payments.
- Audition procedure in one step.
- 10% profit goals without a deadline to meet them.
- Processing withdrawals quickly.
- Brief duration of operation for the business (started in 2021).
- The weekend is a no-holds-barred period for hiring.
- 1/10000 maximum open lots, 5% maximum drawdown.
Read aslo know about smihub