Daily Drawdown"Daily Drawdown" is a critical rule and it's set at either 4% of your initial account balance, or at the amount you customize during your challenge purchase. The sum of all your positions (both closed and open) for the day must not hit or exceed this "Daily Drawdown". If you end the day with losses totaling more than this limit, it's considered a rule violation.
Importantly, the "Daily Drawdown" moves in sync with the balance or equity of each new trading day.
You can find detailed calculation here:
More Details about Daily Drawdown
The Max Drawdown for our Two-Step Challenge, Two-Step Challenge PRO, and their respective Master Accounts is balance-based, meaning it is fixed and does not change.
Max Drawdown on our One-Step Challenge, including its Master Account and our Instant Master Account, is calculated based on the highest balance ever recorded on the account.
Find more details about the Max Drawdown here:
More Details about Max Drawdown
Calculation takes into account closed and open positions and Daily Drawdown is reset every midnight (at 00:00 CET).
Profit Target is the amount of profit you must achieve in a specific Phase of the Challenge.
The Profit Target is calculated as the profit you have earned on closed positions, i.e. the Profit Target does not include currently open positions.
To successfully progress to Phase 2 and then to the Funded portion, you must close all of your positions. For example, if you have a profit of 12% in Phase 1, you have met the Profit Target, but in the next Phase you start from the beginning again.
We aim to ensure traders achieve profit targets through safe and consistent trading practices. To do this, we do not permit passing our challenge by making a single, large trade or multiple trades on the same symbol in the same direction that collectively account for over 70% of the profit target. Such strategies do not provide sufficient data to assess your skills and consistency, which are crucial for evaluating your performance.
The minimum profitable days to pass the challenge is 3. You cannot skip or adjust this rule, you must trade for at least three days in each phase of the challenge to pass. Each of these trading days must show a profit of at least 0.5% for it to count. This means the end-of-day balance must be at least 0.5% higher than the previous day's balance.
If you hit the profit target in Phase 1 in 2 days, you cannot just skip to Phase 2, you have to trade for one more day and then, if you still check all the criteria, you passed Phase 1 and you may move to the next one.
Inactivity on all accounts is set to 30 days, except for Instant Master Accounts, where the inactivity period is 7 days.
An account is considered inactive if it has no meaningful trading activity for the specified number of consecutive days.
Meaningful trading activity is defined as trades that reflect a genuine trading strategy and contribute to overall trading performance.
Minimal trades, such as 0.01 lots executed solely to meet the inactivity requirement, do not qualify as meaningful trading activity.
Please note that there’s no set minimum trading activity to keep your account open. It’s essential to actively trade on your account and follow a genuine trading strategy. Avoid trying to find ways to bypass the rules—consistent, meaningful trading is the only way to keep your account active.
We reserve the right to close accounts that engage in minimal trading activity solely to circumvent this rule. Our platform supports traders who demonstrate a substantive trading strategy and ongoing activity.
For both Phases of the Challenge you have a leverage of 1/125 for Forex, 1/20 for Indices and 1/40 for Commodities.
Since you can keep the trade open at your discretion over the weekend and you can trade important news as well, the leverage for the Master Account (funded stage) is reduced to Forex 1/40, Indices 1/10, Commodities 1/10.
On the Instant Master Account, you have a leverage of 1/10 for Forex, 1/5 for Indices, and 1/5 for Commodities.
Our spread is a floating spread, which means it varies throughout the day based on market conditions.
You can view our current spreads through our "Check the Spread" accounts here:
Swap charges are a critical aspect that traders need to grasp to manage their positions effectively.
Essentially, swap charges refer to the overnight fees or credits incurred for holding positions overnight.
These charges are influenced by various factors such as interest rates, currency exchange rates, Broker Mark-up and the duration of holding the position.
Two common types of swap calculations: point-based and interest-based.
1. Calculate the Notional Value: Multiply the lot size by the contract size to determine the total value of the position.
Multiply by the End of Day Price: This step adjusts the notional value based on the closing price of the financial instrument at the end of the trading day.
2. Multiply by the Swap Rate: Apply the swap rate, which represents the holding cost differential between the currencies being traded. This reflects the cost or benefit of holding the position overnight.
1. Calculate the Notional Value: Multiply the lot size by the contract size to determine the total value of the position.
Multiply by the End of Day Price: This step adjusts the notional value based on the closing price of the financial instrument at the end of the trading day.
2. Multiply by the Swap Rate: Apply the swap rate, which represents the holding cost differential between the currencies being traded. This reflects the cost or benefit of holding the position overnight.
3. Divide by 100: Convert the swap rate from a percentage to a decimal.
4. Divide by 360: Adjust the swap charge calculation to account for the 360-day year convention commonly used in financial calculations.
5. The swap rate for each Instrument is outlined in the MT5 app under Symbol Specification. Please keep in mind that between Wednesday and Thursday there are so called “Triple Swaps” because of the weekend days, when is no swap charge. Also be aware that the swap value is always in the Contract Currency, and the swap charge is calculated with that Currency. If a Trader has a position with a Contract Currency EUR, but the trading account is in USD the swap need to be converted to the account currency.
News Trading? You can hold over the news but you can't open or close any trades within 5 minutes before and 5 minutes after a high-impact news release.
Weekend Holding? Go ahead, you're clear to hold trades over the weekend, seizing opportunities even when markets are officially closed.
Yes, any user is welcome to use Expert Advisors (EAs) that support their personal trading decisions. However, it is important to emphasize that we only allow EAs that assist — not replace — your manual trading.
The use of any EA, script, bot, or automated system that opens, closes, manages, or modifies positions on your behalf without your direct and continuous input is strictly prohibited.
Our Trading Challenge is designed to evaluate your individual trading skills. Therefore, using any tool that autonomously trades or completes the challenge for you is not allowed.
Please ensure that any EA you use strictly supports your manual strategy and does not take over control of your trades in any way.
Involves making two offsetting trades to minimize risk, like placing opposing bets to ensure some level of profit.
Entails simultaneously selling at a higher price in one market and buying at a lower price in another.
Capitalizes on the delay in market data updates by executing trades based on faster access to information.
High Frequency Trading (HFT) uses advanced algorithms and ultra-fast computing to execute a large number of trades in seconds, exploiting small price differences. It relies on speed and technology to gain an edge in the market, contributing to liquidity but also raising concerns about volatility and fairness.
Trading activities with a frequency of less than five seconds are strictly prohibited.
One-side betting: This refers to a high-risk trading strategy where a large portion of your available margin is used in a single trade or multiple trades on the same instrument in the same direction.
Available Margin: This is the amount of funds you have in your account that can be used to open new positions. It's determined by your account balance, the leverage provided, and the margin requirements of your open positions.
Leverage: Leverage allows you to control a large position with a relatively small amount of capital. A 1:125 leverage means you can control a position worth 125 times your invested capital, and a 1:40 leverage means you can control a position worth 40 times your invested capital.
Single Trade or Multiple Trades on Same Instrument in the Same Direction: This means either one large trade or several smaller trades that are all betting the market will move in the same way (either all buying or all selling) on the same financial instrument.
This rule does not apply to Challenge Pro.
Total Trading Power: With 1:125 leverage, your $100,000 can control positions worth up to $12,500,000 ($100,000 * 125).
40% Margin Rule: You cannot use more than 40% of your available margin on a single trade or multiple trades in the same direction on the same instrument. This means you cannot commit more than $5,000,000 ($12,500,000 * 40%) to any one trade or set of trades on the same instrument in the same direction.
Max Lot Size for a Trade: Forex lots are typically 100,000 units of the base currency. To find the max lot size, we calculate the maximum amount you can commit ($5,000,000) and divide it by the value of one lot in your account currency. For simplicity, if we assume you're trading a pair where the base currency is the same as your account currency, the maximum lot size would be 50 lots (since one lot is $100,000 of position value, and you can commit up to $5,000,000).
Total Trading Power: With 1:40 leverage, your $100,000 can control positions worth up to $4,000,000 ($100,000 * 40).
40% Margin Rule: You cannot use more than 40% of your available margin on a single trade or multiple trades in the same direction on the same instrument. This means you cannot commit more than $1,600,000 ($4,000,000 * 40%) to any one trade or set of trades on the same instrument in the same direction.
Max Lot Size for a Trade: Using the same logic as above, if one lot is $100,000 of position value, the maximum lot size you could commit to a single trade or multiple trades in the same direction on the same instrument would be 16 lots (since you can commit up to $1,600,000).
Grid trading sets up a network of buy and sell orders at specific price intervals to profit from market volatility, executing trades as prices fluctuate.
While effective in both rising and falling markets, it's sometimes banned for potentially manipulating market prices or exploiting structural inefficiencies.
Strategy aimed at snatching minor profits from the smallest price changes, called "ticks," in rapid succession.
It's all about speed, with trades lasting seconds to minutes, often automated to catch these quick shifts.
Ideal for those keen on exploiting instant market reactions, it demands fast decision-making and constant market watch.
We want to evaluate your personal trading abilities, so it is necessary to place all trades manually.
You are buying an account in your own name, so you must trade under your own name and ideally from the same IP address.
If you share your password and account access with someone else, we may consider this to be a breach of the rules and therefore grounds for account closure.
Hedging is allowed, however it is not allowed for a user to hedge between two accounts and multiple accounts for challenges.
That is, a position in one account can't be hedged by a position in another account.
At ForTraders, we are dedicated to maintaining a fair and transparent platform that supports traders who approach the markets with skill, discipline, and consistency. Our goal is to create an environment where traders can succeed based on their strategy and risk management, ensuring a fair and safe platform for everyone. By upholding these principles, we protect the integrity of our platform and provide genuine traders with the best opportunity to grow and thrive.
Certain trading practices put traders at unnecessary risk and distort the true test of skill. These include:
We reserve the right to reset the Challenge, require the trader to repeat it, apply regulations to individual accounts, or reset the balance of the Master Account. To protect the platform, we may impose specific limitations or requirements on individual trading accounts based on observed trading patterns and behaviors.
By enforcing these rules, we encourage a trading environment that prioritizes long-term strategy and risk management over short-term gains and opportunistic behaviors. These measures are designed to uphold the integrity of the trading process and ensure that all participants on the platform engage in responsible and strategic trading.
At For Traders, we value professionalism, transparency, and a respectful trading community. To maintain a fair and trustworthy environment, we reserve the right to immediately and permanently terminate cooperation with any individual who engages in any of the following actions:
Any such actions will result in the immediate and permanent suspension of cooperation. Individuals who violate these terms will not be eligible for future participation in For Traders programs or services.
Any user may copy trades from their own For Traders account, which can serve as a Master account.However, copying trades to a For Traders account from another individual's account or any external source is strictly prohibited.
Any user is also not allowed to use automated systems, EAs, or bots that open, close, or manage positions on their behalf. Only manually managed trading is permitted.
