Fast Track Trading Review
Fast Track Trading is a proprietary trading firm that offers instant funded accounts without an evaluation period, allowing traders to begin trading futures markets immediately. With account sizes up to $300,000 and a 90% profit split, they provide a unique opportunity for traders to access significant capital quickly.
Fast Track Trading Review
Summary
Fast Track Trading is a proprietary trading firm that offers a unique and accessible way for traders to engage in the financial markets. They enable traders to begin trading immediately with “Instant Funding,” bypassing the traditional evaluation period. This approach is particularly appealing to those eager to dive into trading without the usual hurdles of lengthy assessments.
The firm supports a variety of Rithmic-compatible platforms, including Quantower, R|Trader Pro, ATAS, Bookmap, and Sierra Charts, providing traders with the flexibility to choose the tools that best suit their trading style. Additionally, Fast Track Trading is working to expand its platform offerings to include popular tools like TradingView, Tradovate, and NinjaTrader.
The firm offers robust support through a 24/7 Discord server, where traders can receive quick assistance from support agents and engage with a community of fellow traders. This platform serves as a hub for both technical support and community building, fostering a collaborative environment where traders can learn from each other and stay informed about the latest developments. Fast Track Trading also emphasizes simplicity and clarity in their trading rules, eliminating financial pressure by not charging any recurring fees. This straightforward approach allows traders to focus on making informed decisions without the added stress of complex requirements or hidden costs.
Fast Track Trading’s global reach makes it accessible to traders from nearly every country, offering opportunities to participate in the trading environment regardless of geographical location. The firm provides attractive and flexible payout terms, with a structured system that rewards consistent performance and ensures quick access to earnings. With a minimum withdrawal amount of $250 and processing times within 48 hours, traders can efficiently manage their profits.
Let’s look into the prop features and explore what makes Fast Track Trading stand out in the industry.
Fast Track Trading Review
Programs
Fast Track Trading offers four main account classes, each designed to cater to different trading styles and capital requirements. These “Instant Funded” accounts allow traders to start trading immediately without an evaluation or practice period.
Rally
The Rally account is the entry-level option offered by Fast Track Trading, catering to traders who are either new to trading or prefer to start with a smaller capital. This account comes with a starting balance of $25,000 and is priced at a one-time fee of $179. Notably, Fast Track Trading does not require an evaluation phase, allowing traders to start trading immediately upon account purchase. Traders are required to trade for a minimum of five days, which helps in assessing their consistency and strategy over a short period. The account operates with an End of Day (EOD) drawdown, providing flexibility for intraday trading. Although there is no scaling plan available for this account, a consistency rule is applied to ensure that traders maintain a stable performance.
Daytona
The Daytona account is designed for traders who require a larger capital to execute their trading strategies effectively. With a starting balance of $50,000, this account is priced at $449. Like all Fast Track Trading accounts, there is no evaluation period, meaning traders can begin trading with the full account balance right away. Similar to the Rally account, traders must complete a minimum of five trading days. The Daytona account also features an End of Day drawdown, which allows traders to manage their risk more effectively throughout the trading day. As with all accounts offered by Fast Track Trading, there is no scaling plan, but the consistency rule is enforced to encourage disciplined trading practices.
Grand Prix
For traders seeking a mid-tier option, the Grand Prix account provides a substantial increase in trading capital with a starting balance of $150,000. This account is available for a one-time fee of $599. In line with Fast Track Trading’s unique approach, there is no evaluation phase required before trading can commence. The minimum trading days requirement remains at five, ensuring that traders demonstrate their ability to maintain performance over a short period. The End of Day drawdown policy is in place, offering flexibility and risk management for traders. While there is no scaling plan offered, the consistency rule applies, promoting steady and reliable trading behavior.
Formula 1
The Formula 1 account is the premium offering from Fast Track Trading, tailored for experienced traders who can manage a larger trading capital. With a starting balance of $300,000, this account is priced at $799. As with all other account types, there is no evaluation period, allowing traders to dive straight into trading with the full account balance. Traders must meet the minimum requirement of five trading days to ensure consistency in their trading approach. The End of Day drawdown feature allows for effective risk management during intraday trading. Although there is no scaling plan available, the consistency rule is enforced to maintain a high standard of trading performance.
Fast Track Trading Review
Conditions
Fast Track Trading offers a variety of conditions that are designed to make trading straightforward and accessible for traders worldwide. Here’s a breakdown of the key conditions:
Drawdowns
Fast Track Trading provides a robust framework for traders seeking immediate access to capital without the hassle of an evaluation period. One of the key features of their offering is the End of Day (EOD) drawdown policy. This policy calculates drawdowns based on the closed profits for each trading day, ensuring that the drawdown remains static on losing days and only adjusts upward on profitable days. The drawdown locks to the starting account balance once sufficient profits have been achieved, with a 5% maximum loss limit calculated from the initial balance. For instance, in a Daytona account with a $50,000 starting balance, the trader would be stopped out if their balance drops to $47,5000.
Trading Days
Traders are required to trade for a minimum of five days across all account types. This requirement helps ensure that traders demonstrate consistency and effective strategy implementation over a short period. It allows Fast Track Trading to assess a trader’s performance and adherence to their trading plan over multiple sessions.
Trading Strategies
Fast Track Trading allows a range of trading strategies, including news trading during major announcements like FOMC, CPI, and NFP. This flexibility enables traders to capitalize on market-moving events. However, hedging is not allowed as per CME rules. The firm emphasizes consistency, requiring traders not to exceed more than 20% of their total profits in a single trading session. This rule encourages disciplined trading and risk management.
Consistency Rule
Fast Track Trading emphasizes consistency in trading. They have a unique rule where you can’t exceed more than 20% of your total profits in a single trading session. This rule encourages traders to maintain steady performance rather than relying on one or two big winning days.
Flexible Account Management
Traders can manage up to 20 funded accounts simultaneously, offering a high degree of flexibility. This allows for diversified trading strategies and the potential to maximize profits. Additionally, trade copiers are allowed, which is beneficial for those managing multiple accounts. This flexibility is a core tenet of Fast Track Trading, enabling traders to tailor their trading activities to their preferences and goals.
Refund Policy
Fast Track Trading has a strict no-refund policy. Once an account is purchased, there are no refunds or cancellations available. The firm reserves the right to cancel any trading account for violations of their terms. This policy underscores the importance of carefully considering the commitment before purchasing an account.
Fast Track Trading Review
Features
| Maximum capital | $300,000 |
| Profit split | Up to 90% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | – |
Fast Track Trading offers a comprehensive suite of features designed to support traders and enhance their trading experience. Here’s a closer look at what they provide:
Platforms Offered
Fast Track Trading supports a diverse range of Rithmic-compatible platforms, providing traders with the flexibility to select a platform that aligns with their trading style and needs. These platforms include
- Quantower: Known for its highly customizable interface and advanced charting capabilities, Quantower allows traders to tailor their trading environment to their specific needs. It supports multiple data feeds and brokers, offering a versatile solution for traders looking to integrate various tools and strategies.
- R|Trader Pro: This platform offers robust order execution and comprehensive risk management tools, making it ideal for traders who prioritize precision in their trades. It provides real-time streaming quotes, charting, order entry, and position management, all integrated with Rithmic’s data feed for seamless performance.
- ATAS (Advanced Trading Analysis Software): Specializing in order flow and market analysis, ATAS provides insights into market dynamics through detailed volume and liquidity analysis. It features advanced indicators and charting tools that help traders understand market trends and make informed decisions.
- Bookmap: Offering a unique perspective by visualizing market depth and liquidity, Bookmap helps traders understand the underlying market structure. Its heatmap technology provides real-time insights into order flow, allowing traders to see the market’s depth and liquidity at a glance.
- Sierra Charts: Known for its extensive customization options and advanced charting tools, Sierra Charts caters to traders who require detailed technical analysis. It supports a wide range of chart types and technical studies, enabling traders to conduct thorough market analysis.
Fast Track Trading is actively working to expand its platform offerings to include popular tools like TradingView, Tradovate, and NinjaTrader, further enhancing the options available to traders. However, it’s important to note that while these platforms are supported, Fast Track Trading does not provide full software licensing, so traders may need to account for additional fees to access all features. This flexibility allows traders to choose the platform that best suits their trading style and preferences, ensuring they have the tools they need to succeed in the market.
5% Buffer Zone
When you open an account with Fast Track Trading, you get a 5% “buffer zone”. This means you’re allowed a 5% Max Loss before the account is disabled. It’s designed to give traders some breathing room to establish their strategy and create positive trades without the fear of immediate stopout.
Support
Fast Track Trading offers comprehensive support through their 24/7 Discord server. This support system includes quick assistance from dedicated support agents, community engagement with fellow traders, real-time updates and announcements, trading discussions and strategy sharing, and troubleshooting help for platform-specific issues. The Discord server serves as a hub for both technical support and community building, fostering a collaborative environment where traders can learn from each other and stay informed about the latest developments. This continuous support structure ensures that traders have access to help whenever they need it, regardless of their time zone or trading hours.
Knowledge Base
Fast Track Trading prioritizes simplicity and clarity in their approach to trading. They offer clear, straightforward trading rules and eliminate financial pressure by not charging any recurring fees. This allows traders to focus on making informed decisions without the added stress of complex requirements or hidden costs. The firm provides comprehensive guides and educational resources, regular updates on market conditions and trading opportunities, and transparent communication about account management and payout processes. This straightforward approach makes it easier for traders to understand and adhere to the rules, promoting a more efficient trading experience and allowing traders to concentrate on developing and implementing their strategies.
Global Accessibility
Fast Track Trading’s global approach makes it accessible to a wide range of traders worldwide, offering opportunities to participate in the trading environment regardless of geographical location. The firm accepts traders from most countries worldwide, with exceptions for Afghanistan, China, Russia, Belarus, Cuba, Iran, Iraq, Libya, North Korea and Syria. They support multiple languages in their interface and customer service, consider different time zones in their support and payout schedules, comply with international trading regulations, and partner with global payment processors to facilitate international transactions. This global accessibility ensures that traders from various backgrounds and locations can take advantage of Fast Track Trading’s services.
Attractive Payout Terms
Fast Track Trading provides attractive and flexible payout terms designed to reward consistent performance and provide traders with quick access to their earnings. The payout system is structured in two phases: a 5-day payout option for new accounts, allowing traders to withdraw up to $2,000 per account if they achieve a daily profit of 20% of their profit buffer, and a standard bi-weekly payout cycle for subsequent withdrawals, with no minimum daily profit thresholds required. Payouts are tiered and structured, with a minimum withdrawal amount of $250. Withdrawals are processed within 48 hours of the request through their payment partner, Rise. Traders can become eligible for payouts once they’ve earned 5% of their account balance. There’s no maximum cap on withdrawals, allowing traders to access all their profits, and the firm offers a transparent fee structure for different withdrawal methods, including ACH, Wire, and Crypto options.
Fast Track Trading Review
Conclusion
Fast Track Trading offers a compelling package for traders looking to dive right into the action with its Instant Funding accounts. The absence of an evaluation period, combined with flexible trading conditions and various supported platforms, makes it an attractive choice for new and experienced traders. Their 24/7 support via Discord and straightforward, no-recurring-fee structure further sweeten the deal. However, traders should be mindful of the no-refund policy and the lack of a scaling plan, which might limit growth opportunities for those looking to expand their trading capital over time. Overall, if you’re seeking a prop firm that prioritizes ease of access and flexibility, Fast Track Trading is worth considering.
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