Answers to all your questions.

The Maximum Daily Drawdown Limit is 4% of the Initial Balance.

Example 1:
For a $100,000 2-Step Plus Account, the Daily Drawdown is 4% of the Initial Balance.

Day 1:
Starting Balance/Equity: $100,000
Allowed Daily Drawdown: 4% of $100,000 = $4,000 (stop-out limit = $96,000)

Example 2:
Day 2:
End of Day Balance (Day 1): $104,000
End of Day Equity (Day 1): $103,000

At 5 PM EST, if unrealised positions are open, then 4% of Initial Balance will be deducted from the higher of the two.
In Example 2 above, since Balance is higher than Equity, the stop-out limit will become:

$104,000 – (4% of $100,000) = $104,000 – $4,000 = $100,000

If either Equity or Balance reaches this limit, it would result in a breach of the Daily Drawdown Limit.

Example 3:
Day 3:
End of Day Balance (Day 2): $101,000
End of Day Equity (Day 2): $106,000

In Example 3 above, since Equity is higher than Balance, the stop-out limit will become:
$106,000 – (4% of $100,000) = $106,000 – $4,000 = $102,000

Since the Balance of $101,000 is lower than the limit of $102,000, this will cause an immediate breach of the Daily Drawdown Limit.

The Overall Drawdown Limit for the 1-Step Nitro Evaluation is 3% from the Highest Recorded Balance

Key Points to Understand:

• Trailing Overall Drawdown: The Overall Drawdown is calculated based on your account’s Highest Balance (Maximum Balance Watermark) and does not reset daily at 5 PM EST. It consistently remains at 3% of the INITIAL BALANCE from the peak balance.
  
• Fixed Drawdown After Profit: Once the account achieves a 3% profit, the Overall Drawdown Limit is fixed based on the Initial Account size, and the highest recorded balance no longer affects the limit.

Example 1:
Start of Day 1:
Starting Balance/Equity: $100,000
Initial Overall Drawdown: 3% of $100,000, which means the stop-out limit is set at $97,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

During Day 1:
New Balance: $102,000
Overall Drawdown: 3% of $100,000 = $3,000, so the new stop-out limit is $102,000 – $3,000 = $99,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

Day 2:
Starting Balance/Equity: $101,000
Allowed Overall Drawdown: The stop-out limit remains at $99,000 as it is based on the highest balance of $102,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

Example 2: After Achieving 3% Profit
Day 3:
Starting Balance/Equity: $105,000
Overall Drawdown: Fixed at $100,000 after achieving 3% profit (Overall Drawdown Limit becomes $100,000). If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

Yes, there is.

Simulated Funded Phase
To clarify, any trade closed within 1 minute of being opened will have its profit voided, regardless of how many such trades occur. While this will not result in an account breach, any profits made from trades held for less than 1 minute will not count toward your performance reward.
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​Challenge Phase
If more than 20% of the total profit in the challenge phase is made through trades under 1 minute, you will be required to redo the challenge.

This policy is in place to ensure fair and sustainable trading conditions. At Funded Trader Markets, we aim to provide an optimal trading environment and prevent any potential misuse or gambling behavior.

At Funded Trader Markets, we permit the use of Trading Bots across all accounts and phases, though certain types of bots are restricted.

Prohibited Trading Bot Types:
High-Frequency Trading Bots
News Scalping Bots
Bots Designed to Exploit Demo Servers
Multi-Account Reverse Trading Bots
Arbitrage Bots (Reverse and Latency)
Tick Scalping Bots
Emulators

Note: Utilizing these types of bots violates our rules. Accounts found using such bots will be deactivated, or banned, and will not receive refunds

30-Day Inactivity Policy at Funded Trader Markets, the firm guideline stating that if there’s no activity being made in your account for 30 consecutive calendar days, an email will be sent out as a violation breach of contract.

The purpose of this policy is to ensure maximal resources are utilized and uphold excellent service to all our respectful clients. By implementing restrictive measures towards all inactive accounts, therefore Funded Trader Markets has the right to automatically terminate the simulated trading account for all phases.

Exceptions:

Recognizing that vacations/Holidays, or life events may occur for 30 days, can disrupt trading activities. Funded Trader Markets offers flexibility. If clients notify advance notice of planned absences, exceptions to the 30-day inactivity rule may be granted, preferably ahead of time if not tragic.

In essence, the 30-day inactivity policy allows Funded Trader Markets to manage resources efficiently while accommodating clients who may experience temporary periods of inactivity due to personal reasons.

Simulated Funded Nitro X has a $5,000 performance reward cap per request.

At each reward, you can withdraw 50% of your available profits, but never more than $5,000. Any profit you don’t withdraw simply remains in the account and counts toward the next reward.

Example 1:

$50,000 account: You make $12,000. You can withdraw 50% = $6,000, but the cap limits you to $5,000.
$100,000 account: You make $10,000. You withdraw $5,000 (50% and at the cap).
$150,000 account: You make $5,000. You withdraw $2,500 (50%, below the cap).

Example 2:

You have a $100,000 account.
First reward: You make $10,000. You withdraw $5,000 (cap). Account becomes $105,000.
Second reward: You make another $3,000, bringing the account to $108,000. Your available profit is now $8,000. You withdraw 50% = $4,000 (under the cap). Account becomes $104,000.

Yes, traders at Funded Trader Markets need to abide by the Consistency Rule.

Why this Rule?
Long term profitable trader have similar traits: They privilege a steady profit growth, apply a strict risk management and avoid emotional trading.

From our years of experience trading, we thought of a rule providing the path to success for our traders. By following the consistency rule, traders are taught to manage their risk-reward ratio and develop a sustainable trading strategy.

What is the Consistency Rule?
The Consistency Rule at Funded Trader Markets ensures traders achieve stable and sustainable profits while managing risk effectively. This rule requests that no single day’s earnings should surpass a portion of your total profits.

Kindly check the FAQ section of each account type to read its respective consistency rule.