Direct Funded Trader is a proprietary firm incorporated on the 28th of February, 2023. They pride themselves on being one of the fastest-evolving proprietary trading firms while having offices located in the United Arab Emirates. Direct Funded Trader provides traders with account sizes up to $200,000 in balance with 80% profit splits. Direct Funded Trader offers its traders two different programs to choose from. Today, we will talk about the Direct Funded Trader Two-Step Evaluation Program.
The evaluation program account intends to identify talented traders who can show consistency throughout the two-phase evaluation period. The evaluation program allows you to trade with 1:100 leverage.
Direct Funded Trader Two-Step Evaluation Program
Here are the Trading Objectives of the Evaluation:- Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.
- Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.
- By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules.
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