Answers to all your questions.

To qualify for a simulated funded account with FTM, you typically have two options: With Evaluation – You'll need to meet profit targets, follow risk management rules, and demonstrate consistent trading. Without Evaluation – You can access Instant Funded Accounts directly, subject to fees and eligibility. This ensures that only responsible and consistent traders move forward.

The Overall Drawdown Limit for the Instant Funding Plus Account is 6% 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 trails at 6% of the INITIAL BALANCE from the Highest Recorded Balance.
• Fixed Drawdown After Profit: Once the account achieves a 6% 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: 6% of $100,000, which means the stop-out limit is set at $94,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

During Day 1:
New Balance: $103,000
Overall Drawdown: $103,000 – (6% of $100,000 = $6,000), so the new stop-out limit is $97,000. 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 $97,000 as it is based on the highest balance of $103,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.

Example 2: After Achieving 6% Profit
Day 3:
Starting Balance/Equity: $106,000
Overall Drawdown: Fixed at $100,000 after achieving 6% 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.

You must close all trades to receive a reward. This must be done before making your reward request.

The requested reward will be approved, processed and sent within 24 business hours. You can resume trading once the simulated profits are deducted from your trading account.

Funded Trader Markets is dedicated to assessing traders by rigorously analyzing their performance data to generate profits for our Company.

It is crucial to note that our traders are not investors; they do not deposit funds with us, nor do we act as custodians of any funds. The profit share offered is a performance-based commission for the trader’s efforts, rather than actual trading profits.

All trading activities are conducted through simulated (virtual) accounts. At no point do traders at Funded Trader Markets handle real money or operate as investors. The entire trading process is confined to a virtual simulation environment.

For 1-step Nitro accounts, there’s a consistency rule that applies to both the Challenge Phase and Simulated Funded Phase

Why this Rule?

Funded Trader Markets’ Consistency Rule promotes steady profit growth and helps traders avoid emotional trading.

Important Details About the Consistency Rule For Evaluation Accounts

In the Challenge Phase; you should not make more than 50% (i.e. half) of the profit target in one day.

In the Simulated Funded Phase; you should not have made more than 45% of the total profit in one day.

If a single day’s profit is more than 50% of your profit target in the Challenge Phase or more than 45% of your total profit in the Simulated Funded Phase, you have to continue trading until there isn’t a day with more than the above said maximums.

When is the Consistency Rule Required?

For 1-Step Nitro accounts, it applies to both the Challenge Phase and Simulated Funded Phase

Calculation

[Best Day % of Total Profit] = [Best Day Profit] ÷ [Overall Profit] * 100

Best Day Profit means the highest single day profit

Single Day’s Profit = Balance at 5pm EST Today – Balance at 5pm EST Yesterday

Example (Simulated Funded Phase)

If you made a total profit of $5,000 in the Simulated Funded Phase,

To be eligible for withdrawal, there should not have been a single day with more than 45% of $5,000 (= $2,250).

If there is a single day with more than 45% of total profit, then you have to keep on trading until the best day profit is less than 45% of the total profit.

Example (Challenge Phase)

For a $10,000 1-step Nitro account with a Phase 1 profit target of $1000 (10%), no single day’s profit should exceed $500 (50% of the target) to stay within the consistency rule.

If you achieve a $1000 total profit but make more than $500 in a single day, you are required to continue trading until the best day profit is less than 50% of the total profit.

Success requires devising a strategy that prevents exceeding a $500 daily profit.

By adhering to these guidelines, traders can foster a disciplined and sustainable trading approach, crucial for long-term success.

There’s a consistency rule for Instant Funding Accounts.

Why this Rule?

Funded Trader Markets’ Consistency Rule promotes steady profit growth and helps traders avoid emotional trading

Important Details About the Consistency Rule For Instant Funding Accounts

In an Instant Simulated Funding Account; you should not have made more than 15% of the total profit in one day.

If a single day’s profit is more than 15% of your total profit in the Instant Funding Account , you will have to continue trading until there isn’t a day with more than 15%.

Calculation

[Best Day % of Total Profit] = [Best Day Profit] ÷ [Overall Profit] * 100

Best Day Profit means the highest single day profit.

Single Day’s Profit = Balance at 5pm est Today – Balance at 5pm est Yesterday

Example (Instant Funding Account)

If you made a total profit of $10,000 on an Instant Funding Account,

To be eligible for withdrawal, there should not have been a single day with more than 15% of $10,000 (= $1,500).

If there is a single day with more than 15% of total profit, then you have to keep on trading until the best day profit is less than 15% of the total profit.

On all platforms offered, the commission is $7 per lot (round turn) on Forex and Commodities.

No commission is charged on Indices and Cryptocurrency.

The 1-Step Nitro X Program offers a Maximum Allocation of $300,000.

The 1-Step Nitro Pro Simulated Funded account offers a 100% profit split on the first $10,000 of profits earned. After reaching this threshold, the profit split transitions to 80% for subsequent profits.

Note: This does not apply on Free accounts offered via Giveaways, Games, and/or Partnerships. They are always only eligible for a 80% profit split.

The Speed (Simulated Funded) account offers a default 80% profit split.