The Funded Trader Program has just announced that they will be releasing an instant funding program until the end of 2022. While creating the instant funding program, they considered several factors. Some of them are to be the most competitive and fairly priced instant funding program in the prop firm industry. That being said, they pushed the limits of what is possible with their decision-making, regarding that it will not put the company or their clients at risk.
General details of the instant funding program
- Instant funding program prices
- $2,000 instant funding program for a one-time fee of $85
- $5,000 instant funding program for a one-time fee of $210
- $10,000 instant funding program for a one-time fee of $425
- $20,000 instant funding program for a one-time fee of $850
- $50,000 instant funding program for a one-time fee of $2,125
Note that the maximum account you can have at any given time cannot total more than $50,000.
- Instant funding program rules
- Maximum drawdown: 5%
- Weekend holding: No
- Profit split: Starts at 50% and can be increased up to 70% by scaling your account
- EA’s: Allowed
- Leverage: 1:50
- Payout schedule
- First payout: 14 days from your first trade
- Next payouts: Every seventh day following your first payout
- Instant funding program scaling plan
You will be able to request scaling of your account upon hitting a 10% profit target of your original account balance. When scaling, you will have an option to keep your profit in your account in order to maintain a buffer when scaling your account or you can withdraw your profits upon request.
Your profit split will increase to 60% at scaling level 3 and to 70% at scaling level 6 on all instant funding program account sizes. You will be eligible for an account balance increase by 2x for the first three scaling levels on all account sizes. Following the first three, your account balance will be increased by 1.5x, 1.4x, 1.3x, 1.25x, etc., based on your starting account balance for each individual stage.
Scaling potential for all Instant funding program account sizes:
The $2,000 instant funding program has the potential to scale up to $80,000 in balance. This can be achieved by scaling your account six times.
The $5,000 instant funding program has the potential to scale up to $200,000 in balance. This can be achieved by scaling your account seven times.
The $10,000 instant funding program has the potential to scale up to $400,000 in balance. This can be achieved by scaling your account eight times.
The $20,000 instant funding program has the potential to scale up to $800,000 in balance. This can be achieved by scaling your account nine times.
The $50,000 instant funding program has the potential to scale up to $2,000,000 in balance. This can be achieved by scaling your account ten times.
Once your account balance scales, the maximum drawdown will be calculated based on your new account balance. For example: On a $50,000 account, you are required to make a profit of $5,000 and request to scale up your account. Your new starting account balance will be $105,000. However, your maximum drawdown will be $95,000. This means that if you decide not to withdraw your profits, you will have $10,000 in drawdown to trade your newly scaled account.
Note that you can be eligible for scaling when requesting payouts. The only threshold is to have a profit of 10% or above the initial account balance for that level. You will be able to request to scale your account by reaching out to The Funded Trader Program’s support.
Be sure to stay tuned, as this Instant funding program is predicted to be launched towards the end of Q3 or the beginning of Q4 this year. Their goal is to launch it simultaneously with their newly designed website launch, which is also planned to take place until the end of 2022.
The Funded Trader Program 10% discount code: forexpropreviews
You can visit The Funded Trader Program website or read our review.