FT9ja Review

FT9ja is a proprietary trading firm offering traders the opportunity to manage up to $50,000 in capital with a profit split of up to 90%, featuring flexible payout options and a unique talent bonus during the evaluation phase.

FT9ja Review

Summary

FT9ja, legally known as Asokoro Technologies Limited, is a Nigerian proprietary trading firm with offices in Abuja and Lagos. The company offers traders the opportunity to manage up to $50,000 in firm capital, with the potential to earn up to 90% of the profits generated. FT9ja stands out in the prop trading industry with its unique features and trader-friendly approach, designed to support both novice and experienced traders.

FT9ja Prop Firm
FT9ja Prop Firm

The firm offers two main programs: FT9ja Classic and FT9ja Challenge. The Classic program features a one-time payment model with no time limit to achieve profit targets, a Talent Bonus of up to 15% during the evaluation phase, and progression from a Zuma Account (evaluation) to an Aso Account (funded). The Challenge program follows a more traditional prop firm model with two evaluation stages (Challenge and Verification) and offers a one-time fee refund upon successful completion.

FT9ja implements strict risk management rules, including a maximum daily drawdown of 5% and an overall account drawdown limit of 10%. The firm supports a wide range of tradable instruments, including currencies, commodities, stocks, and indices, and allows trading on popular platforms like MetaTrader 4 (MT5), MetaTrader 5 (MT5), and cTrader through their partner brokers IC Markets and FXTM.

Traders benefit from flexible payout options, with the choice of weekly or monthly payouts after the first 10 trading days. FT9ja also offers unique features such as the 2nd Chance Account for Classic program traders, providing a free replacement account if the first one is blown. The firm allows scalping (with a 5-minute minimum hold time) and weekend trading but prohibits practices like one-side betting and copying trades to ensure fair play.

While FT9ja offers many attractive features, it’s important to note that some users have reported issues with delayed payouts and customer service responsiveness. The firm doesn’t offer a formal scaling plan, though account compounding is possible up to twice the original size. Despite these considerations, FT9ja’s innovative approach to prop trading, coupled with its focus on supporting Nigerian and African traders, makes it a notable player in the proprietary trading industry.

Let’s examine the specific features, conditions, and programs offered by FT9ja to gain a more comprehensive understanding of this prop firm’s offerings.

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Pros
  • High profit split of up to 90% for successful traders
  • Fast account setup within 24 hours
  • Wide range of tradable instruments
  • Flexible payout options (weekly or monthly)
  • Free second chance account in the Classic program
  • No time limit to achieve profit targets
  • Unique Talent Bonus allowing earnings during evaluation phase
Cons
  • No free trial option available to test the platform before committing.
  • Minimum trading day requirements may be restrictive for some traders.
  • Some users report significant delays in payouts and unresponsive customer service (based on Trustpilot reviews).
  • No formal scaling plan, though account compounding is possible.
  • Relatively high profit target of 25% for the Classic program may be difficult for some traders to achieve.

FT9ja Review

Programs

FT9ja provides two main trading programs for aspiring traders. Let’s explore the details of each:

FT9ja Classic

The FT9ja Classic program offers a flexible and rewarding path for traders, with account sizes ranging from $1,000 to $25,000. Traders start with a Zuma Account and must grow it by 25% to qualify for the Aso Account, with no time limit imposed on this growth phase. The profit split can go up to 90%, allowing traders to retain most of their earnings.

FT9ja Classic
FT9ja Classic

Additionally, there’s a Talent Bonus of up to 15% of the profit target, offering an extra incentive. The program features a 1:100 leverage, a maximum daily drawdown of 5%, and an overall account drawdown of 10%. Traders must engage in a minimum of 2 trading days per week or 10 days per month. If a trader blows their first account, FT9ja provides a Second Chance Account for free. The one-time fee for this program varies from $15 to $257, depending on the account size.

FT9ja Challenge

The FT9ja Challenge program is structured into two evaluation steps: the Challenge phase with a 10% profit target and the Verification phase with a 5% profit target. Account sizes range from $1,000 to $25,000, and like the Classic program, there’s no time limit for completing these phases. The profit split is also up to 90%, with a Talent Bonus of up to 10% during the Challenge and up to 5% during Verification.

FT9ja Challenge
FT9ja Challenge

Traders benefit from a 1:100 leverage, a maximum daily drawdown of 5%, and a total account drawdown of 10%. The minimum trading requirement is 2 days per week and 6 days in each phase. The one-time fee ranges from $9 to $141, depending on the chosen account size. This program is ideal for traders who prefer a structured evaluation process with clear profit targets.

FT9ja Review

Conditions

When trading with FT9ja, there are specific conditions that you need to adhere to. Here’s what you need to know about the rules and requirements:

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Drawdowns

FT9ja enforces strict drawdown rules to promote disciplined trading and risk management. The maximum daily drawdown is 5% of the account’s starting equity. This means that in any given day, you cannot lose more than 5% of your account balance, which includes any open trades. This rule helps prevent significant daily losses that could jeopardize your trading account. Additionally, there’s an overall drawdown limit of 10% of the original account balance. This cap ensures that your total losses do not exceed 10% of your initial equity, safeguarding your account from excessive drawdowns.

Payouts

FT9ja offers a flexible and attractive payout structure for its traders. Successful traders can earn up to 90% of their profits, which is among the highest profit splits in the industry. Payouts are available on either a weekly or monthly basis, giving traders the flexibility to choose the option that best suits their financial needs. However, it’s important to note that the first payout is only available after a minimum of 10 trading days, ensuring that traders demonstrate consistent performance before withdrawing funds. FT9ja processes payouts through bank transfers or PayPal, providing convenient options for traders to receive their earnings. While the payout structure is generally favorable, some traders have reported experiencing delays in receiving their funds, which is a point of concern. Despite this, the high-profit split and flexible payout frequency continue to make FT9ja an attractive option for many traders looking to maximize their earnings potential.

Trading Days

FT9ja has specific requirements for trading days to ensure consistent trading activity. For the FT9ja Classic program, traders must engage in trading for a minimum of 2 days per week or 10 days per month. The FT9ja Challenge program requires trading on at least 2 days per week and 6 days in each phase. These trading days do not need to be consecutive, providing flexibility for traders to manage their schedules. FT9ja allows weekend trading, which is a notable feature as many prop firms restrict this.

Trading Strategies

FT9ja allows traders to employ a variety of trading strategies, but with some important restrictions. Scalping is permitted, but traders must hold positions for a minimum of 5 minutes. This rule helps prevent ultra-short-term trading that could be seen as exploitative. FT9ja prohibits one-side betting, which is defined as opening large positions on a single instrument followed by very small positions. This rule aims to prevent manipulative trading practices. Additionally, copying trades from other FT9ja accounts is strictly forbidden, ensuring that each trader’s performance is their own. While FT9ja allows trading during news events, they prohibit trading two minutes before and after major news releases to maintain fair trading conditions. These rules are designed to create a balanced trading environment that rewards skill and strategy while discouraging potentially harmful trading practices. Traders are encouraged to develop and implement their own unique strategies within these guidelines.

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Scaling Plan

Currently, FT9ja does not offer a formal scaling plan. However, traders have the opportunity to compound their accounts up to twice the original size. This means that as you earn profits, you can reinvest them to increase your account balance, allowing you to manage larger funds over time. This approach provides a pathway for traders to grow their accounts and potentially increase their earnings without a predefined scaling structure

FT9ja Review

Features

Maximum capital$25,000
Profit splitUp to 90%
ScalingNo
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialNo
Maximum leverage1:100
FT9ja Features

FT9ja is designed to cater to the needs of traders by offering a suite of features that enhance the trading experience and provide support where it’s needed most.

Platforms Offered

FT9ja provides access to the trading platforms offered by their partner brokers, IC Markets and FXTM. These platforms are available for both the Classic Model and Challenge Model. The main platforms offered are:

MT4 MT5 cTrader
MT4 MT5 cTrader
  • MetaTrader 4 (MT4): MetaTrader 4 (MT4) is a popular trading platform known for its user-friendly interface and robust features. It supports automated trading through Expert Advisors (EAs) and offers a variety of technical indicators and charting tools. With MT4, traders can execute trades quickly and efficiently, making it suitable for both beginners and experienced traders.
  • MetaTrader 5 (MT5): MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features and improvements. It supports a wider range of financial instruments, including stocks, futures, and options, and provides advanced charting and analytical tools. MT5 is ideal for traders who want more comprehensive analysis and trading capabilities.
  • cTrader: cTrader is a professional trading platform designed for Forex and CFD traders. It offers advanced charting capabilities, a wide range of technical indicators, and support for algorithmic trading through cAlgo. cTrader provides a transparent and efficient trading environment, making it suitable for experienced traders who want more control over their trades.

Support Offered

FT9ja is committed to providing excellent customer support to ensure traders have a smooth experience. They offer support through various channels, including email and live chat, which are available during business hours. This ensures that traders can quickly resolve any issues or get answers to their questions. The support team is knowledgeable and responsive, providing assistance with technical issues, account inquiries, and more. This level of support is crucial for maintaining trader confidence and satisfaction.

Knowledge Base

FT9ja offers a comprehensive knowledge base that includes educational resources, FAQs, and guides. This resource is particularly valuable for new traders who are learning the ropes and looking to improve their trading skills. The knowledge base covers a wide range of topics, from basic trading concepts to advanced strategies and risk management techniques. By providing these resources, FT9ja helps traders enhance their understanding of the markets and develop more effective trading strategies.

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Broker Integrated

FT9ja has integrated two reputable brokers into their platform: IC Markets and FXTM. These brokers are available for both the Classic Model and Challenge Model, providing traders with reliable options for executing their trades. By partnering with established brokers like IC Markets and FXTM, FT9ja ensures that traders have access to a wide range of financial instruments, competitive spreads, and robust trading platforms. This integration allows traders to benefit from the advanced features and tools offered by these brokers, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. The choice between these two brokers gives traders flexibility in selecting the trading environment that best suits their needs and preferences, whether they’re focusing on forex, stocks, commodities, or other financial instruments.

Talent Bonus

FT9ja provides a Talent Bonus of up to 15% of the profit target during the evaluation phase for the Classic program, and up to 10% for the Challenge program. This unique feature allows traders to earn money even before reaching the funded account stage, providing an extra incentive for strong performance during evaluation.

2nd Chance Account

FT9ja offers a free second chance account if a trader blows their first account in the Classic program. This feature demonstrates FT9ja’s understanding that trading can be challenging and provides traders with an additional opportunity to succeed without incurring extra costs.

FT9ja Review

Conclusion

In conclusion, FT9ja offers a compelling package for traders with its generous profit split, no time limits, and the unique Talent Bonus, making it a standout choice for those looking to get funded. The flexibility in payouts and the supportive 2nd Chance Account are definite perks, showing they genuinely want traders to succeed. However, keep an eye on the drawdown limits and make sure to meet the minimum trading days to stay in the game. While there’s no formal scaling plan, the ability to compound your account is a nice touch. Overall, FT9ja provides a balanced environment that supports growth and rewards performance, making it worth considering if you’re serious about prop trading. Just remember, trading requires skill and discipline, so make sure you’re ready for the ride!.

7Expert Score
FT9ja Rating

FT9ja is a proprietary trading firm offering traders the opportunity to manage up to $50,000 in capital with a profit split of up to 90%, featuring flexible payout options and a unique talent bonus during the evaluation phase.

Programs
7
Conditions
7
Features
7

FT9ja Review

FAQ

What are the drawdown limits at FT9ja?

FT9ja enforces a maximum daily drawdown of 5% and a maximum account drawdown of 10% to manage risk.

What is the FT9ja Challenge program?

The FT9ja Challenge program is a two-step evaluation process with a Challenge Account (10% profit target) and a Verification Account (5% profit target) before reaching the funded stage.

How does FT9ja’s Classic program work?

FT9ja’s Classic program involves a one-time payment, starting with a Zuma Account (evaluation phase) and progressing to an Aso Account (funded phase) upon meeting a 25% profit target.

What trading platforms does FT9ja support?

FT9ja supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) through their partner brokers.

How often does FT9ja offer payouts?

FT9ja offers flexible payout options, allowing traders to choose between weekly or monthly payouts after the first 10 trading days.
FT9ja Review
FT9ja Review
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