After completing the challenge, you will sign The Funded Trader agreement and move on to the next stage of verification. You can then begin managing a funded trading account from there.
The Financed Merchant’s Knight’s Test is a pristine test that has been as of late sent off. The fact that this is a one-step evaluation trading challenge is the main draw. This is best for experienced traders who want to quickly open an account and start making money.
The target for profit is 10%. with a daily drawdown limit of 3% (4% scaling). Additionally, this challenge provides a lot of flexibility, allowing for the use of expert advisors and weekend positions.
Knights Challenge provides
The Knights Challenge provides an unlimited lot size and leverage of 1:30. Furthermore, there is no limit on the number of trading days; the minimum number of trading days is zero, and the maximum number of trading days is infinite.
Rules for Funded Trading Challenges
All TFT challenges have a two-phase evaluation period: Phase 1 lasts 35 days and Phase 2 lasts 60 days. The evaluation begins as soon as you make your first trade in any and all challenges. This includes orders still pending. We discourage transactions that disrupt the real market’s operation.
Funded Trading Qualifications
Let’s find out how to get a live trading account after you pass any of our challenges. A funded trading account can be opened by anyone over the age of 18, but there are a few easy steps you need to take first.
To begin, you must complete a Know Your Customer (KYC) check to validate your identity. You will need to bring identification documents, like a driver’s license, national ID card, or passport. Following that, we’ll conduct an AML check. We are unable to provide services to people who are on sanction lists, have a criminal record, are under the age of 18, or have been banned from TFT in the past. We may decline your request to join us if we discover any of these issues.
You can begin live trading after passing the verification stage with flying colors. However, it is essential to keep in mind that you must be the account’s sole owner. Don’t change anything about your account or give someone else the login information. We also discourage using a VPN or virtual private server (VPS) so that we can monitor your account activity and flag any breach.
Copy trading services and account management software
Copy trading services and account management software are also prohibited. Your account may be suspended as a result, and you may be banned from our services for life.
Payout System in Challenges for Funded Trading. After becoming a funded trader, you can use the dashboard to request a payout. Rapid withdrawals are common.
For all funded trading accounts, the default payout ratio is 80:20. You can, nevertheless, apply for the Scaling Plan. We will add 25% to the balance of your funded trader account if you consistently increase your wealth and adhere to the terms of the Scaling Plan. Additionally, the payout ratio will rise to 90:10.
Everything you need to know about the payout system can be found here:
Eligibility In both the Standard Challenge and the Royal Challenge, first-time withdrawals can only be requested 30 days after the initial trade has been placed. Requests can be made for the Rapid Challenge 14 days after the first trade. You should not have any open positions or orders when you demand a payout, and the base withdrawal solicitation ought to be no less than $1.
For all challenges, subsequent payouts can be requested 14 days after the initial trade.
How payouts are processed
Submit an invoice in the Trade Hub’s “Profit Share” section. Ensure you’re qualified for withdrawal prior to presenting a solicitation. Within 48 hours for Standard Accounts and 72 hours for Rapid and Royal Accounts, we will evaluate and approve your request.
You can demand to get reserves through Deel or cryptographic money. Deel accepts bank transfers, Coinbase, PayPal, Payoneer, Revolut, and Wise as payment methods. You can request a cryptocurrency payout in USD coin (USDC), Ether (ETH), or Bitcoin (BTC).
Support for Traders
You can always contact us, whether you have a funded trading account or are just starting out. It can get help, advice, and answers to your questions in our extensive knowledge center. You can likewise peruse these FAQs to study your record with The Financed Dealer.
Traders can also get assistance from the community by joining the TFT Discord group and participating in discussions. We have a large, engaged group that frequently discusses profitable strategies and examples of success.
With the Funded Trader, learn from the best.
Trading is risky. It won’t make you rich short-term. Several traders actually lose money. However, you will eventually turn a profit if you learn, practice, and adhere to a disciplined trading strategy.
Our individuals procure from $10,000 to $100,000. How? Let’s learn from the pros at The Funded Trader:
Start with a longer period of time: According to one of our successful traders, novice traders make the mistake of selecting short time frames, which leave insufficient room for trade planning. Higher time frames make plotting entry and exit positions much simpler.
According to another successful TFT trader, she plots her next move by closely following divergence points on the chart.