Review
Introduction to forTraders
In the competitive ecosystem of funding companies, forTraders emerges with a proposal that seeks to differentiate itself through technology and flexibility. Founded in 2023, it presents itself not only as a firm offering virtual capital, but as a technology company whose goal is to develop the most advanced platform in the sector. Its model focuses on evaluating trading skills through customizable challenges, providing demo accounts with virtual funds, and rewarding successful traders with a share of the real profits generated.
The firm has gained traction quickly thanks to a series of distinctive features. Among them, its multiple evaluation models stand out, including one, two, and three-step options, as well as instant funding programs without the need to pass a challenge. Additionally, it offers innovative tools such as an “AI Coach” designed to optimize trader performance, a profit split that can reach 90%, and a 48-hour payment guarantee that seeks to build confidence within its community.
Key Information about the Company forTraders
To evaluate the reliability of a prop firm, it is fundamental to understand its structure, mission, and the measures it implements to ensure the safety of its traders. forTraders articulates its identity around technology and transparency.
Mission and Corporate Structure
The declared mission of forTraders is to create the most advanced technological platform in the proprietary trading market. Its business model is based on a clear cycle: evaluating traders’ skills through their challenges, allowing them to operate on demo accounts with virtual capital, and finally, rewarding success with real profits, while the company assumes the losses.
This operation is managed through a decentralized global structure. Although its main headquarters are located in Dubai, it has strategic offices in Prague, dedicated to development and marketing, and in Kuala Lumpur, where customer support is centralized. This global team is composed of more than 30 full-time professionals.
A crucial aspect of its structure is the separation of its legal entities, a common practice in the industry to navigate the complex global regulatory landscape. Educational products and payment processing are managed by BLN Tech Club DMCC, based in Dubai. On the other hand, platforms for simulated trading are provided by FT Trading Ltd., an entity registered in Saint Lucia. This division allows the firm to optimize its fiscal and regulatory operations, making it clear that the client acquires an educational product (the challenge) from one entity, and upon passing it, gains access to a simulation platform from another.
Credibility and Security Measures
forTraders has worked to build its credibility in a saturated market. The firm reports having paid more than 4 million dollars to over 20,000 traders in 130 countries and maintains a 4.7 rating on Trustpilot. Its active participation in industry events such as the Wealth Expo and the iFX Expo also serves as an indicator of its commitment and presence in the sector.
In terms of security, the company claims to have implemented robust measures. They have a dedicated risk department and a strict identity verification process (KYC) through the third-party service SumSub to prevent fraudulent activities. According to the firm, each challenge is subjected to both an automated and manual fraud detection process. To ensure the reliability of payments, forTraders assures maintaining a substantial cash reserve, reinforcing its financial stability.
Funding Programs: An Offer for Every Trader Style
The diversity of funding programs is one of the pillars of forTraders. The firm offers an exceptionally wide range of models that adapt to different risk profiles, trading styles, and asset classes, covering CFDs, cryptocurrencies, and futures.
”One-Step” Plan (CFDs)
This program is designed for traders looking for a fast path to funding. It consists of a single evaluation phase where a profit target of 9% must be reached without infringing on drawdown rules. It is the most direct model to demonstrate profitability.
| Account Size | Price | Profit Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|
| $6,000 | $49 | 9 | 3 | 6 | 1 |
| $15,000 | $99 | 9 | 3 | 6 | 1 |
| $25,000 | $179 | 9 | 3 | 6 | 1 |
| $50,000 | $249 | 9 | 3 | 6 | 1 |
| $100,000 | $469 | 9 | 3 | 6 | 1 |
”One-Step STATIC” Plan (CFDs)
Similar to the previous plan, this model also consists of a single evaluation phase. The fundamental and most attractive difference is that the maximum drawdown is static. This means it is calculated on the initial balance of the account and is not of the “trailing” type. For a trader, this implies that any profit obtained acts as a real cushion that does not reduce the drawdown margin, offering greater operational security.
| Account Size | Price | Profit Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|
| $6,000 | $69 | 10 | 3 | 6 | 1 |
| $15,000 | $139 | 10 | 3 | 6 | 1 |
| $25,000 | $229 | 10 | 3 | 6 | 1 |
| $50,000 | $369 | 10 | 3 | 6 | 1 |
| $100,000 | $585 | 10 | 3 | 6 | 1 |
”Two-Step” Plan (CFDs)
This is the most traditional and recognized evaluation model in the industry. It consists of two distinct phases, each with its own profit target. Phase 1 is more demanding, while Phase 2 serves as a confirmation stage of the trader’s consistency. This plan offers drawdown limits slightly looser than the one-step models.
| Account Size | Price | Phase 1 Target (%) | Phase 2 Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|---|
| $6,000 | $67 | 8 | 5 | 4 | 8 | 2 |
| $15,000 | $117 | 8 | 5 | 4 | 8 | 2 |
| $25,000 | $205 | 8 | 5 | 4 | 8 | 2 |
| $50,000 | $308 | 8 | 5 | 4 | 8 | 2 |
| $100,000 | $549 | 8 | 5 | 4 | 8 | 2 |
”Three-Step” Plan (CFDs)
This program is one of the most unique offerings from forTraders. It is promoted as the most economical evaluation, designed for traders who prefer gradual progress. The profit targets are divided into three very small and achievable phases, which reduces psychological pressure and allows for a stepped advance towards the funded account.
| Account Size | Price | Phase 1 Target (%) | Phase 2 Target (%) | Phase 3 Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|---|---|
| $6,000 | $23 | 2 | 4 | 6 | 3 | 5 | 3 |
| $15,000 | $79 | 2 | 4 | 6 | 3 | 5 | 3 |
| $25,000 | $149 | 2 | 4 | 6 | 3 | 5 | 3 |
| $50,000 | $235 | 2 | 4 | 6 | 3 | 5 | 3 |
| $100,000 | $349 | 2 | 4 | 6 | 3 | 5 | 3 |
”Instant Master” Plan (CFDs)
For traders who trust their strategy and do not wish to go through an evaluation process, the “Instant Master” plan offers direct access to an account with virtual funds. In exchange for this immediacy, traders operate from day one under the drawdown rules of a funded account, which demands extremely disciplined risk management from the start.
| Account Size | Price | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|
| $3,000 | $46 | 3 | 5 | Instant |
| $6,000 | $89 | 3 | 5 | Instant |
| $15,000 | $139 | 3 | 5 | Instant |
| $25,000 | $239 | 3 | 5 | Instant |
| $50,000 | $399 | 3 | 5 | Instant |
| $100,000 | $689 | 3 | 5 | Instant |
”Instant Pro Master” Plan (CFDs)
This is a premium instant funding model. Its main attraction is the elimination of the daily drawdown rule. Traders only need to worry about the total maximum drawdown, which grants them much greater intraday flexibility to manage their positions. This freedom comes with a higher initial cost.
| Account Size | Price | Max Drawdown (%) | Steps |
|---|---|---|---|
| $3,000 | $109 | 6 | Instant |
| $6,000 | $219 | 6 | Instant |
| $15,000 | $439 | 6 | Instant |
| $25,000 | $839 | 6 | Instant |
Cryptocurrency Plans
Recognizing the particularities of the crypto asset market, forTraders offers programs designed specifically for this niche, with rules and parameters adapted to its volatility and 24/7 operation.
| Plan Name | Account Size | Price | Profit Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|---|
| Crypto One-Step | $6,000 | $59 | 10 | 3 | 6 | 1 |
| Crypto One-Step | $15,000 | $129 | 10 | 3 | 6 | 1 |
| Crypto One-Step | $25,000 | $269 | 10 | 3 | 6 | 1 |
| Crypto One-Step | $50,000 | $469 | 10 | 3 | 6 | 1 |
| Plan Name | Account Size | Price | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|
| Crypto Instant Master | $3,000 | $49 | 3 | 5 | Instant |
| Crypto Instant Master | $6,000 | $89 | 3 | 5 | Instant |
| Crypto Instant Master | $15,000 | $169 | 3 | 5 | Instant |
| Crypto Instant Master | $25,000 | $299 | 3 | 5 | Instant |
| Crypto Instant Master | $50,000 | $489 | 3 | 5 | Instant |
Futures Plans
For specialists in the futures market, the firm has specific programs that operate on platforms suitable for these types of instruments and with risk rules adjusted to the characteristics of futures contracts.
| Plan Name | Account Size | Price | Profit Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|---|
| Futures One-Step | $25,000 | $79 | 6 | N/A | 5 | 1 |
| Futures One-Step | $50,000 | $129 | 6 | N/A | 4 | 1 |
| Futures One-Step | $100,000 | $299 | 5 | N/A | 2.5 | 1 |
| Plan Name | Account Size | Price | Daily Drawdown (%) | Max Drawdown (%) | Steps |
|---|---|---|---|---|---|
| Futures Instant Master | $25,000 | $239 | 3 | 5 | Instant |
| Futures Instant Master | $50,000 | $399 | 3 | 5 | Instant |
| Futures Instant Master | $100,000 | $689 | 3 | 5 | Instant |
Trading Rules: Parameters for Operating Successfully
The set of rules at forTraders is designed to identify and promote disciplined and consistent trading. The structure of these rules acts as a robust filter during the evaluation phase, selecting traders who demonstrate solid risk management before granting them greater flexibility in the Master accounts.
Risk Management: Daily and Max Drawdown
Drawdown rules are the pillar of risk management in any prop firm. forTraders implements two main types:
The Daily Drawdown is generally set between 3% and 4% of the initial account balance. It is a static rule calculated on the starting capital and resets every day at midnight (00:00 CET). This rule considers both open and closed positions of the day.
The Max Drawdown presents a key distinction depending on the chosen plan. For the “Two-Step” programs, the drawdown is fixed and based on the initial balance. This means it does not move as profits are generated. In contrast, for the “One-Step” and “Instant Master” programs, the drawdown is of the “trailing” type. It is calculated based on the highest point the account balance has reached, which requires more careful management of accumulated profits so as not to reduce the allowed loss margin.
Objectives and Conditions to Pass Challenges
In addition to the specific profit targets of each plan, traders must comply with certain activity and consistency conditions.
The Minimum Trading Days rule requires operating for at least 3 days in Forex and Futures challenges, and 6 days in Cryptocurrency ones. A day is considered “profitable” if the balance at the close of the day is, at a minimum, 0.5% higher than that of the previous day.
One of the most important rules is Profit Consistency. A trader cannot pass an evaluation phase if a single trade, or a set of trades on the same instrument and in the same direction, represents more than 70% of the total profit target. This measure is designed to prevent traders from passing the challenge through a stroke of luck and seeks to encourage sustainable strategies.
Strategy and Operational Restrictions
forTraders explicitly prohibits a series of strategies considered high-risk or exploitative of the system.
The use of Expert Advisors (EAs) and Automated Trading is permitted only if they act as tools assisting the trader’s manual decisions. Any system, bot, or script that operates autonomously (opening, closing, or managing positions without direct intervention) is strictly prohibited.
Copy Trading follows a similar logic. Copying trades from one’s own forTraders account to another platform is permitted, but copying trades to a forTraders account from any external source, whether from another trader or a signal provider, is prohibited.
News Trading has specific restrictions during the challenge phase for Forex and Futures. It is not permitted to open or close trades in an interval of 5 minutes before and 5 minutes after the release of high-impact news. However, this restriction is removed in Master accounts, although it is expected that the trader’s strategy is not based exclusively on news speculation.
Other prohibited strategies include Arbitrage (latency, reverse, or hedge), High-Frequency Trading (HFT) with a frequency of less than 5 seconds, Grid Trading, and Tick Scalping. Hedging is permitted within the same account, but hedging between two different forTraders accounts cannot be performed.
Activity and Margin Rules
To maintain accounts active, at least one trade must be performed every 30 days in most programs. The exception is “Instant Master” accounts, which have a much shorter inactivity period of only 7 days.
Finally, the 40% Margin Rule prohibits using more than 40% of the available margin in a single trade or in multiple correlated trades on the same instrument and in the same direction. This rule seeks to prevent over-leveraging and “all or nothing” bets. It is important to highlight that this rule does not apply to “Challenge Pro” programs.
Payments and Profit Split: How and When Do You Get Paid?
The payment structure of forTraders is designed to be clear and fast, with a guarantee backing it as one of its main marketing arguments.
The standard Profit Split is 80% for the trader and 20% for the firm. This percentage can increase up to 90%, likely through promotions or upon reaching certain milestones within the company’s Premium Program.
Regarding the Payment Schedule, once a trader obtains a Master account, they can request their first profit withdrawal after the first two weeks of trading. From that moment on, payments can be requested on a bi-weekly basis.
The Payment Methods offered are modern and flexible. The firm processes withdrawals through the Rise platform, which in turn is compatible with bank transfers, cryptocurrencies, and other local payment methods. There is also the option to receive payments directly in cryptocurrencies, specifically in USDC.
The most outstanding feature is the 48-Hour Reward Guarantee. forTraders commits to processing all approved withdrawal requests within a maximum period of 48 hours. If they do not meet this deadline, the firm compensates the trader by granting them 100% of the profits of that withdrawal, instead of the standard 80%.
Technical Aspects and Trading Environment
The technological environment is a central component of forTraders’ value proposition. The firm offers a selection of third-party platforms and clearly defines its trading conditions.
Trading Platforms
Traders have access to three of the most recognized and versatile platforms on the market, available in web, desktop (Windows/Mac), and mobile (iOS/Android) versions:
- MetaTrader 5 (MT5): The successor to the popular MT4, known for its advanced technical analysis tools and algorithmic trading capabilities.
- cTrader: Appreciated for its modern and intuitive interface, as well as its advanced order management and market depth functionalities.
- Trade Locker: A newer platform that directly integrates TradingView charts and tools, one of the most popular analysis tools among traders.
Broker and Execution
It is fundamental to understand that forTraders, like most prop firms, operates in a simulated trading environment. Traders do not operate in a real market with a traditional broker. The firm does not publicly disclose who its liquidity or market data providers are, which is a standard practice in this business model.
Spreads are floating, meaning they vary according to market liquidity and volatility at any given moment. To offer transparency, forTraders provides demo account credentials so that potential clients can connect to TradeLocker and cTrader and observe spreads in real-time before purchasing a challenge.
Slippage is also a market condition that is simulated on the platforms, replicating what would occur in a real market during events of high volatility or low liquidity.
Commissions and Leverage
Operational costs and leverage are clearly defined and vary according to the asset type and the phase the trader is in.
| Asset Class | Commission |
|---|---|
| Forex and Metals | $3 per lot |
| Commodities | $3 per lot |
| Indices | $0 per lot |
| Cryptocurrencies | $25 per lot |
| Futures | 0.2% per order (min $3) |
Leverage is significantly reduced when moving from the evaluation phase to the Master account, a risk management measure to protect both the trader and the firm.
| Asset Class | Leverage (Challenge Phase) | Leverage (Master Account) |
|---|---|---|
| Forex | 1:125 | 1:40 |
| Indices | 1:20 | 1:10 |
| Commodities | 1:40 | 1:10 |
| Cryptocurrencies (BTC/ETH) | 1:5 | 1:5 |
| Other Cryptocurrencies | 1:2 | 1:2 |
Available Financial Instruments
forTraders offers a wide selection of instruments that allows traders to diversify their strategies across multiple markets. The complete list is extensive and covers the main asset classes.
- Forex: More than 35 currency pairs can be traded, including Majors, Minors, and some exotics like USD/MXN, USD/ZAR, and USD/PLN.
- Metals: The offer includes the most popular precious metals: Gold (XAU/USD), Silver (XAG/USD), and Platinum (XPT/USD).
- Indices: The main global stock indices are available, such as US500 (S&P 500), US100 (Nasdaq 100), US30 (Dow Jones), GER30 (DAX), UK100 (FTSE 100), and JAP225 (Nikkei 225), among others.
- Energies: The most important oil contracts can be traded, such as Brent Crude Oil (BRENT) and West Texas Intermediate (WTI), in addition to Natural Gas (NGAS).
- Futures: The selection of futures is very complete, with contracts from major markets (CME, COMEX, CBOT, NYMEX) covering indices (E-mini S&P 500, E-mini NASDAQ 100), currencies (Euro FX, British Pound), commodities (Gold, Crude Oil, Corn, Soybeans), and bonds (10-Year Note, 30-Year Bond).
- Cryptocurrencies: The offer of crypto assets is one of the widest in the sector, with more than 50 pairs against the USD. It includes major ones like Bitcoin (BTC) and Ethereum (ETH), as well as a great variety of popular altcoins such as Solana (SOL), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and many more.
Distinctive Features of forTraders
Beyond its funding programs, forTraders has developed a series of unique features that seek to create a complete ecosystem for talent development and retention.
The Premium Program: Scaling with Salary
The Premium Program is, perhaps, the most innovative feature of the firm. It is an exclusive program, accessible only by invitation, for traders who demonstrate exceptional profitability and consistency. This program transforms the relationship between the firm and the trader, moving from a service model to one that resembles more of a talent incubator or direct employment. It offers a structured career plan in three levels:
- Bronze Level: Traders receive a 25% increase in their account balance, a cryptocurrency withdrawal limit of $5,000, a dedicated account manager, and a monthly mentorship session with the firm’s Head Trader.
- Silver Level: The qualitative leap is significant. Traders receive a monthly salary of $750, a 50% increase in their account balance, unlimited cryptocurrency withdrawals, a personal account manager, and monthly sessions with both the Head Trader and a Trading Psychology Coach.
- Gold Level: This is the highest level. The monthly salary increases to $1,500, the account balance increases by 75%, and a key benefit is added: a free entry to a new challenge in case of failure. It maintains unlimited withdrawals and coaching sessions.
This program incentivizes loyalty and long-term performance, showing that the firm’s business model also depends on the profits generated by its best traders, not just on challenge fees.
AI Coach and Educational Resources
Living up to its identity as a tech company, forTraders offers an “AI Coach” tool. This system analyzes the user’s trading performance and provides live trading alerts and weekly performance reports with the goal of helping traders identify errors and improve their strategies.
Additionally, with the purchase of any challenge, traders receive access to a video trading course and an ebook of more than 60 pages, resources designed to especially support those who are starting in the world of trading.
Trading Tournaments
To foster competition and community engagement, forTraders organizes trading tournaments. These are challenges, often daily, in which participants compete to achieve the highest percentage return in a limited time. Prizes usually consist of cash or free challenge accounts for the top rankers.
Customer Support and Restricted Countries
Accessibility and support are key factors in the user experience with a prop firm.
The forTraders support team is available 24/5 (Monday to Friday) and can be contacted through the following channels:
- Email: support@fortraders.com
- Phone: +971 04 386 8000
The firm also maintains an active presence on social networks such as Discord, where traders can interact with the community and the team.
Regarding geographic restrictions, forTraders does not offer its services in a series of jurisdictions. This list is based mainly on international sanctions and high-risk financial regulations. According to its official terms and conditions, the restricted countries are: Pakistan, Iran, Syria, Myanmar, Bangladesh, Vietnam, North Korea, Russian Federation, Republic of Belarus, Cuba, Lebanon, Libya, Sudan, the Crimea, Donetsk, and Luhansk regions of Ukraine, and the United Arab Emirates. The inclusion of countries like Iran, North Korea, or Russia aligns directly with international sanctions lists (OFAC), while the restriction of others may be due to complexities in anti-money laundering (AML) regulations.
Strengths
- Great Flexibility: The variety of funding models is its greatest strength. With options of 1, 2, and 3 steps, instant funding, and specific programs for CFDs, cryptocurrencies, and futures, practically any trader can find a plan that fits their style.
- Technological Innovation: The focus on technology, materialized in tools like the AI Coach and a selection of modern platforms (MT5, cTrader, Trade Locker), differentiates it from more traditional competitors.
- Attractive Career Plan: The Premium Program is a key differentiator. The possibility of obtaining a monthly salary converts forTraders into a platform for developing a long-term professional career, not just for obtaining one-off funding.
- Cost Transparency: The commission structure is clear and competitive, especially the absence of commissions on indices. The possibility to verify live spreads through demo accounts is a plus point.
- Fast Payment Guarantee: The promise to process payments in 48 hours or yield 100% of the profit is a powerful statement of intent that generates trust.
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