Advanced Trader Program
Our Advanced Trader Program is one of our two phase evaluations, offering higher Maximum and Daily drawdown allowances than our one phase program. This allows for traders to utilise the flexibility these advantages offer in order to pass both phases of this program. Once both phases are passed, you will be upgraded to the FT+ Trader Simulated Live phase, subject to our in-house-risk-review, where real world funds can be withdrawn.
Our Advanced Trader Program has one main advantage over the Experienced Trader Program, customers get access to a greater max simulated loss.
Customers who want to utilise the flexibility these advantages give them will need to pass two evaluation stages.
Having two stages helps us to manage our risk and ensures we have the capital to fund the successful advanced traders.
Customers on this program can enjoy the same simple rules of the Experienced Trader Program.
Account Size
Phase 1 – Evaluation #1
10% Simulated Profit Target
10% Simulated Maximum Loss
5% Daily Simulated Loss Limit
Phase 2 – Evaluation #2
5% Simulated Profit Target
10% Simulated Maximum Loss
5% Daily Simulated Loss Limit
FT+ Trader Account
After completing the Evaluation Phase 2, you will gain access to the “FT+ Trader Simulated Live” phase. In this phase, you will be in our simulated-live environment, where you can withdraw real-world funds from your simulated gains from day 0, and then once every seven days thereafter.
Simulated Profit Share & Withdrawals
For withdrawal requests on our FT+ Trader simulated live accounts, we operate with a minimum starting profit split of 80/20 as a standard. This means that when you make a withdrawal request, you will receive 80% of the withdrawn funds. As you achieve milestones in your FT+ Trader account, this profit split can be upped to both 90/10 and ultimately, 100%. When you reach 20% simulated profit in your FT+ Trader account, traders can request the 90/10% profit share, and when traders reach 30% simulated profit in their FT+ Trader account, you can request your profit split to be changed to 100/0.
Making a withdrawal request is simple and easy, and can be done through your FT+ Dashboard. For the Advanced Program, you can withdraw any simulated profit you make on your account, with a minimum of $50, as soon as you are in simulated profit. Your first withdrawal can be made on the first day you receive your FT+ Trader account, and then once every 7 calendar days after.
At 20% simulated profit, you can request a 90/10 split, receiving 90%.
At 30% simulated profit, you can upgrade to 100% profit, keeping all withdrawn funds.
Simulated Loss
Rules
We have simple hard and soft rules in place to protect our capital as well as the simulated profits generated by our active traders.
Breaking a hard rule will breach your account and result in account closure. Breaking a soft rule would never result in account closure. A soft rule break would only result in the system automatically closing any open position that breaches a soft rule.
We have simple hard and soft rules to protect our capital and the simulated profits of our traders.
Breaking a hard rule results in account closure.
Breaking a soft rule will not close your account but will automatically close any open positions that violate the rule.
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Hard Rules
- Do not breach our Daily Simulated Loss limit of 5%
- Do not breach our Maximum Simulated Loss limit of 10%
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Soft Rules
- Do not hold trades during weekends. (All trades will be automatically closed by 16:30 EST on Friday).
Daily Simulated Loss
Daily Simulated Loss will start at 5% of the original account size. Then, with each new trading day, it will become 5% of the prior day’s balance. This update happens when the server’s clock hits 23:59 and prevents you from losing too much in a single day. The best way to explain the daily loss limit is by example:
Daily loss limit starts at 5% of the original account and updates to 5% of the prior day’s balance at 23:59 server time.
Daily Simulated Loss Help Center-
Day Example 1
- Previous Day Starting Balance at 23:59 = $100,000
- Daily Simulated Loss Limit = $5,000 (5%)
- $100,000 – $5,000 = $95,000
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Day Example 2
- Previous Day Starting Balance at 23:59 = $106,000
- Daily Loss Limit (5%) = $5,300
- $106,000 – $5,300 = $100,700
Relative Maximum Simulation Loss
Our Relative Maximum Simulated Loss works by trailing by 10% of the initial simulated balance from the high water mark. The high water mark is measured using the simulated account balance. Once the maximum simulated loss has reached the initial balance, it no longer trails. The best way to explain the total trailing maximum simulated loss is by example:
Relative Maximum Simulated Loss trails 10% from the high water mark until it reaches the initial balance, then stops trailing.
Maximum Simulated Loss Help Center-
Example 1
- Starting Balance = $100,000
- Total Maximum Simulated Loss Limit = $10,000 (10%)
- 10% of $100,000 = $10,000. $100,000 – $10,000 = $90,000
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Example 2
- Day Starting Simulated Balance = $111,000
- Total Maximum Simulated Loss Limit = $11,000
- As your balance has exceeded $110,000, the drawdown has become static at $100,000. $111,000 – $11,000 = $100,000
FT+ Trader Account Drawdown
On a FT+ Trader account, once you have reached 10% simulated profit, the maximum simulated loss no longer trails and the total simulated account size becomes your lowest point of loss. This means if you are on a $100,000 simulated account and you achieve $111,000 you would now have a total simulated maximum loss allowance of 11%. In this example, your account can not go below $100,000 once $110,000 is achieved. Please be aware that when you come to withdraw your simulated profits, you should leave a sensible amount in your account to cover any loss you might expect. This is because your simulated account cannot fall below the total allocated to you (in this example that would be $100,000).
On an FT+ Trader account, after 10% simulated profit, the Maximum Simulated Loss locks, setting the total drawdown allowance at the highest achieved balance minus 10%.
Drawdown Help Center-
Example 1
- Simulated Balance in account = $115,000
- Total Simulated Maximum Loss Limit = $15,000
- Trader withdraws simulated $6000. Trader gets $4800 (80%)
- Account size is now $109,000
- $109,000 – $100,000 = $9000
- Trader has a $9000 total simulated maximum loss allowance or 9%.
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Example 2
- Simulated Balance in account = $110,000
- Total Simulated Maximum Loss Limit = $10,000
- Trader withdraws simulated $10,000. Trader gets $8000 (80%).
- Account size is now $100,000
- $100,000 – $100,000 = $0
- Trader has no maximum simulated loss allowance, the account would no longer be tradable, and would be closed.
Need help?
Access our Help Center to get in depth answers to your questions. If your specific query isn’t covered in our Help Center, feel free to contact our Live Chat team, who are available 24/7 and are happy to help!
