Current Evaluation Rules for Funding Traders
This week, Funding Traders presents an overview of its current evaluation model rules, with no recent changes announced. Here’s what traders need to know about the specific challenges offered and the regulatory framework within which they operate.
Profit Targets
| Challenge Name | Phase | Profit Target (%) |
|---|---|---|
| Instant Funded | Funded | N/A |
| 2-Step Pro10 | Phase 1 | 10 |
| 2-Step Pro10 | Phase 2 | 5 |
| 2-Step Pro6 | Phase 1 | 6 |
| 2-Step Pro6 | Phase 2 | 6 |
| 1-Step | Phase 1 | 10 |
Drawdown Rules
- Instant Funded: Daily Drawdown: 3%, Max Drawdown: 6% (Trailing)
- 2-Step Pro10: Daily Drawdown: 5%, Max Drawdown: 10% (Static)
- 2-Step Pro6: Daily Drawdown: 3%, Max Drawdown: 6% (Static)
- 1-Step: Daily Drawdown: 3%, Max Drawdown: 10% (Static)
Minimum Trading Days and Consistency Rules
Currently, there are no specified minimum trading days or consistency rules noted for Funding Traders. Traders should stay informed in case these parameters are updated in the future.
Restricted Strategies
Traders must adhere to the following restrictions:
- No Grid Trading: Accounts using grid strategies face immediate termination.
- No News Trading on Instant Funded: This restriction leads to automatic failure of accounts. News trading is allowed during evaluation phases.
- Copy Trading Restrictions: Traders may copy only between their own accounts, and sharing signals is strictly prohibited.
- Overleveraging Prohibited: Excessive risk-taking will incur review and potential termination upon investigation.
Practical Impact for Traders
For traders evaluating or currently engaged with Funding Traders, understanding these rules is crucial. The profit targets and drawdown limits create a structured environment that encourages prudent risk management and strategic trading. Awareness of strategy restrictions protects traders from inadvertent violations that could lead to account terminations.
Broader Industry Context
As the prop trading industry continues to evolve, many firms implement strict evaluation rules similar to those at Funding Traders. Keeping abreast of the latest rules helps traders align their strategies with current firm requirements across the industry.