Premium Trader Program
Our Premium Trader Program is a two phase program with just 8% and 5% simulated targets. This program is specifically designed for Smart Money Traders and is also great for swing traders. Stop losses are not mandatory, and you can hold your trades all the way through the weekend with no penalty. You can withdraw after seven days and each week following. And, just like many of our other programs, you can choose to compound your simulated profit and scale your account.
Our Premium Trader Program is a two-phase program with just 8% and 5% simulated targets. It is specifically designed for Smart Money Traders and is also great for Swing Traders.
Stop losses are not mandatory, and you can hold trades through the weekend with no penalty.
Withdrawals are available after seven days and then weekly.
Like many of our other programs, you can choose to compound your simulated profit and scale your account.
Account Size
Phase 1 – Evaluation #1
8% Simulated Profit Target
8% Simulated Maximum Loss
4% Daily Simulated Loss Limit
Phase 2 – Evaluation #2
5% Simulated Profit Target
8% Simulated Maximum Loss
4% Daily Simulated Loss Limit
FT+ Trader Account
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 7, 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 This means that when you make a withdrawal request, you will receive 80% of the withdrawn funds.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 Premium 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 7 days after receiving your FT+ Trader account, and then once every 7 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 rules in place for our programs. This is to ensure that everyone who takes part in our evaluation or instant programs knows exactly what is expected of them.
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
- Do not breach our Maximum Simulated Loss limit
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Soft Rules
- There are no soft rules on this program
Daily Simulated Loss
Daily simulated loss will start at 4% of the original account size. Then, with each new trading day, it will become 4% 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 4% of the original account and updates to 4% 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 Loss Limit = $4000 (4%)
- $100,000 – $4,000 = $96,000
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Day Example 2
- Previous Day Starting Balance at 23:59 = $106,000
- Daily Loss Limit (4%) = $4,240
- $106,000 – $5,300 = $101,760
Relative Maximum Simulated Loss
Our Relative Maximum Simulated Loss works by trailing by 8% of the initial balance from the high water mark. The high water mark is measured using the account balance. Once the Maximum Simulated Loss level 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 8% 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 = $8,000 (8%)
- 8% of $100,000 = $8,000. $100,000 – $8,000 = $92,000
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Example 2
- Day Starting Balance = $103,000
- Total Maximum Simulated Loss Limit = $8,000
- $103,000 – $8,000 = $95,000
FT+ Trader Account Drawdown
On a FT+ Trader account, once you have reached 8% simulated profit, the Maximum Simulated Loss no longer trails and the total account size becomes your lowest point of simulated loss. This means if you are on a $100,000 account and you achieve $111,000 you would now have a total drawdown allowance of 11%. In this example, your account can not go below $100,000 once $108,000 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 simulated loss you might expect. This is because your account cannot fall below the total allocated to you (in this example that would be $100,000).
On an FT+ Trader account, after 8% simulated profit, the Maximum Simulated Loss locks, setting the total drawdown allowance at the highest achieved balance minus 8%.
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 = $9,000
- 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 $8,000 (80%).
- Account size is now $100,000
- $100,000 – $100,000 = $0
- Trader has no simulated maximum loss, the account is automatically 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!
