The Prestige Trader Program
Our Prestige Program is a two-phase static drawdown evaluation account. Upon passing, you will then receive a simulated FT+ Trader Account. In this final phase, and subject to our in-house risk-review, you will be able to withdraw any simulated profit within the account in real-world funds.
Phase 1 – Assessment #1
- 10% Simulated Profit Target
- 10% Simulated Maximum Loss
- 5% Daily Simulated Loss limit
- 3 Minimum profitable trading days of at least 0.5% simulated profit
- No Stop Loss RequiredHold Overnight & Weekend
Phase 2 – Assessment #2
- 5% Simulated Profit Target
- 10% Maximum Simulated Loss
- 5% Daily Simulated Loss limit
- 3 Minimum profitable trading days of at least 0.5% simulated profit
- No Stop Loss RequiredHold Overnight & Weekend
FT+ Trader Account
- Completing the Assessment phase 2, you will gain access to the ‘FT+ Trader Phase’. In this phase you will be in our simulated-live environment, where you can withdraw real-world funds from your simulated gains once every seven days, as long as the Minimum Profitable Trading Days conditions are met.
Simulated Profit Share & Withdrawals
- We operate a 80/20 simulated profit split. Once users have achieved 20% simulated profit on their FT+ Trader account, all simulated profits over this amount can be changed to a 90/10 upon reaching 20% simulated profit. Once you reach 30% simulated profit, traders can request the simulated profit split to be changed to 100/0.
- You can withdraw any simulated profit you make on your FT+ Trader account over $50 once per week.
Simulated Loss
Hard 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.
- The only ‘hard rules’ for any of our programs are not going below maximum daily, or total maximum simulated loss.
- Hard Rules - These will result in a failure
- - Do not breach our daily simulated loss limit
- - Do not breach our total maximum simulated loss limit
- Soft Rules - These will result in trade closure
- - There are no soft rules that will close a trade
- Minimum Profitable Trading Days Rule
- - Minimum simulated gain of 0.5% of your account size on three separate days
- 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:
- Day Example 1
Previous Day Starting Simulated Balance at 23:59 = $100,000
Daily Simulated Loss Limit = $5000 (5%)
$100,000 - $5000 = $95,000
- Day Example 2
Previous Day Starting Simulated Balance at 23:59 = $106,000
Daily Simulated Loss Limit (5%) = $5300
$106,000 - $5300 = $100,700
Note: If the trader has winning trades in a given day, the amount those winning trades make is added to the daily simulated loss down allowance for that day.
- Static Maximum Simulated Loss
- Our Static Maximum Simulated Loss is set at the beginning and remains unchanged. Static Drawdown does not adjust with account highs or new closed balance peaks.
- Example 1
Starting Simulated Balance = $100,000
Total Maximum Simulated Loss Limit = $10,000 (10%)
10% of $100,000 = $10,000. $100,000 - $10,000 = $90,000
- Example 2
Day Starting Simulted Balance = $111,000
Total Maximum Simulated Loss Limit = $21,000
What’s Allowed
- We pride ourselves on being simple, transparent and trustworthy. As such we like to give our traders as much flexibility as possible. This is why we allow:
- Trading and holding overnight.
- Unlimited time to complete the assessment phases.
- Any strategies including Expert Advisors (Providing they do not utilise arbitraging methods).
Prestige Program Scaling Plan
Our Prestige Trader Program has a unique scaling plan within the FT+ lineup, and we believe it is the best scaling plan available for any static drawdown programs in the funded trading industry!
With our Prestige Scaling Plan, you can scale your account all the way up to a starting balance of $2,500,000 in simulated funds!
- When Can You Scale?
We have tried to simplify the process other firms use to determine when you can request to scale your account size. With Funded Trading Plus, it’s as simple as 1, 2, 3!
- You must have made a minimum of 1 approved withdrawal from your ‘FT+ Trader’ account.
- You must have held your account for at least 2 months prior to your first scaling request, or have 2 months elapsed since your last successful account scaling.
- You must have a withdrawable profit of at least 20% of your starting account balance.
- Why Would You Choose to Scale?
The idea of scaling is linked to simulated buying power. Simply put, some choose to increase their buying power to strive for larger simulated gains.
With this, there is always a concern that due to the increased buying power, traders will change their approach to risk. Because of this, all scaling requests are subject to our normal Risk Review Policy to ensure that those who request to scale are demonstrating the highest standards in terms of risk management within their account history.
- What Happens to Your Drawdown?
Your maximum simulated loss is linked to your newly scaled account starting size.
This means if your new account starting size after scaling is $100,000, your maximum simulated loss will be calculated from this figure (e.g. 10% of $100,000 = $10,000, therefore your simulated account balance would have to decrease to less than $90,000 in order to trigger a breach of the maximum simulated loss rule).
Daily simulated loss continues to be calculated from of your prior day’s closed account balance at 23:59 server time
For more information about drawdown types, please refer to our dedicated drawdown page.
- How to Make a Scaling Request
- Ensure you meet all the requirements in respect of simulated profit, timescales, and withdrawal criteria.
- Ensure that you have no active simulated-trades open on your account.
- Raise a support ticket, to request an account scaling review.
- We will then temporarily disable your account whilst we perform the relevant risk review, and determine whether scaling is appropriate in the circumstances.
- If your request is approved, we will make all necessary amendments to your account balance and drawdown parameters.
In all cases we aim to complete the scaling request review and communicate our decision within 48 business hours (Monday – Friday) of your request.
- Example
Andy has had their $100,000 ‘FT+ Trader’ account on the Prestige Trader Program for 2 calendar months, and is doing well. They have already had a withdrawal approved on their account, and continue to make simulated-profit.
Upon reaching a withdrawable account balance of $120,000 Andy submits a request via LiveChat to have their account scaled to the next level.
Our Operations Team temporarily disable Andy’s account to conduct a review of the request. They note that Andy’s risk management is in a good place, and they clearly know how to manage their simulated trading account. They make the relevant changes to account size and drawdown.
Within 48 business hours, Andy receives confirmation via support ticket that their request has been approved. The account is then re-enabled and Andy receives his account with a new starting size of $150,000 + his simulated profit of $20,000, giving a total simulated account balance of $170,000.
Andy’s maximum simulated loss is calculated from the new starting size of $150,000, and the lowest figure his account can reach prior to triggering a hard breach of the program’s parameters is $135,000.
- Scaling Levels
| FT+ Account Starting Balance | Profit Required To Scale | Balance Required For Next Level | Static Drawdown Amount | Static Drawdown Breach Balance |
|---|---|---|---|---|
|
$25,000 |
$5,000 |
$30,000 |
$2,500 |
$22,500 |
|
$37,500 (plus the profit you made from the last level) |
$7,500 |
$45,000 |
$3,750 |
$33,750 |
|
$50,000 (plus the profit you made from the last level) |
$10,000 |
$60,000 |
$5,000 |
$45,000 |
|
$75,000 (plus the profit you made from the last level) |
$15,000 |
$90,000 |
$7,500 |
$67,500 |
|
$100,000 (plus the profit you made from the last level) |
$20,000 |
$120,000 |
$10,000 |
$90,000 |
|
$150,000 (plus the profit you made from the last level) |
$30,000 |
$180,000 |
$15,000 |
$135,000 |
|
$225,000 (plus the profit you made from the last level) |
$45,000 |
$270,000 |
$22,500 |
$202,500 |
|
$337,500 (plus the profit you made from the last level) |
$67,500 |
$405,000 |
$33,750 |
$303,750 |
|
$500,000 (plus the profit you made from the last level) |
$100,000 |
$600,000 |
$50,000 |
$450,000 |
|
$750,000 (plus the profit you made from the last level) |
$150,000 |
$900,000 |
$75,000 |
$675,000 |
|
$1,150,000 (plus the profit you made from the last level) |
$230,000 |
$1,380,000 |
$115,000 |
$1,035,000 |
|
$1,750,000 (plus the profit you made from the last level) |
$350,000 |
$2,100,000 |
$175,000 |
$1,575,000 |
|
$2,500,000 (plus the profit you made from the last level) |
– |
– |
$250,000 |
$2,250,000 |
- Does my Account expire?
Your account would only expire in the event that you do not place at least one simulated trade in a 30 day period
- Markets Replicated within our Simulated-Live Environment