Funding Your Trades Review
Funding Your Trades, owned by FYT Technology LLC based in Canton, Canada, is a proprietary trading firm offering traders access to funded accounts of up to $200,000. They stand out with their flexible evaluation programs, including 1 Step, 2 Step, 2 Step Infinite, and Instant Funding options.
Funding Your Trades Review
Summary
Funding Your Trades, owned by FYT Technology LLC based in Canton, Canada, is a proprietary trading firm that has carved out a niche in the competitive world of prop trading. This Canadian-based company offers traders worldwide the opportunity to access substantial capital through a variety of innovative evaluation programs.
Their programs are designed to cater to different trader preferences and skill levels, with account sizes ranging from $5,000 to $200,000. The firm’s approach combines rigorous evaluation with trader-friendly conditions, aiming to identify and support skilled traders while maintaining prudent risk management.
Funding Your Trades stands out with its high-profit splits, offering up to 95% for successful traders in their challenge programs. This generous profit-sharing structure allows traders to retain a significant portion of their earnings, making it an attractive option for skilled traders looking to maximize their returns. Funding Your Trades uses the MetaTrader 5 platform exclusively, providing traders with a powerful and familiar trading environment.
One of their unique features is the absence of time limits on challenges, allowing traders to reach profit targets at their own pace. This flexibility extends to their trading conditions, as they permit various strategies including scalping, day trading, and swing trading. Traders can also hold positions overnight and over weekends, and news trading is allowed.
The firm provides customer support through email and live chat, handling technical issues, account-related queries, and general trading questions. They also maintain a blog and FAQ section to provide traders with essential information about their programs and trading conditions.
Let’s examine the specific features, conditions, and programs offered by Funding Your Trades to get a more detailed understanding of what this prop firm brings.
Funding Your Trades Review
Programs
Funding Your Trades offers four distinct evaluation programs for traders seeking to access proprietary capital. Each program is designed to cater to different trader preferences and skill levels.
1 Step Challenge
The 1 Step Challenge is a single-phase evaluation program designed for traders who want to quickly demonstrate their skills and gain access to a funded account. This program offers account sizes ranging from $10,000 to $100,000. The evaluation fees for this program range from $150 for a $10,000 account to $600 for a $100,000 account.
This program requires traders to achieve a 10% profit target in a single phase, with no second phase necessary. The program enforces strict risk management rules with a maximum daily loss limit of 4% and an overall loss limit of 6%. Unlike other challenges, there is no minimum trading day requirement, providing flexibility for various trading styles.
2 Step Challenge
The 2 Step Challenge is a two-phase program that offers a more comprehensive assessment of a trader’s skills. This program provides account sizes from $10,000 to $100,000, with each phase having specific targets and rules. The evaluation fees for the 2 Step Challenge are slightly lower than the 1 Step Challenge, ranging from $200 for a $10,000 account to $650 for a $100,000 account.
In Phase 1, traders have 35 days to achieve an 8% profit target, while Phase 2 allows 60 days to reach a 5% profit goal. Both phases enforce a maximum daily loss limit of 5% and an overall loss limit of 11%. Traders must complete a minimum of 5 trading days in each phase.
2 Step Infinite Challenge
The 2 Step Infinity Challenge program offers a unique and flexible approach to prop firm evaluation. It is designed for traders who prefer a longer evaluation period or a more relaxed trading approach. This program consists of two phases with distinct profit targets: 10% for Phase 1 and 6% for Phase 2.
This program offers account sizes from $10,000 to $100,000, with prices ranging from $150 to $600. A key feature is the absence of time limits, allowing traders to progress through both phases at their own pace. The program enforces risk management with a maximum daily loss limit of 6% and an overall loss limit of 10%. Traders must complete a minimum of 5 trading days in each phase.
Instant Funding
The Instant Funding program at Funding Your Trades provides traders with immediate access to a funded account, bypassing the traditional evaluation process. This program offers account sizes from $10,000 to $100,000. The fees for Instant Funding accounts are higher than the evaluation programs, reflecting the immediate access to funded capital. Fees range from $400 for a $10,000 account to $4,000 for a $100,000 account. This program imposes strict risk management rules with both the maximum daily loss and overall loss limits set at 6%, ensuring traders maintain disciplined trading practices.
Unlike challenge programs, there is no time limit for traders to achieve specific profit targets, allowing for a more relaxed trading experience. However, traders must complete a minimum of 30 trading days before becoming eligible for withdrawals, demonstrating consistent performance over time. The profit split for this program is set at 70/30, with traders retaining 70% of their profits. It’s important to note that the Instant Funding program does not offer a reset discount, meaning traders cannot retry at a reduced cost if they breach the account rules. Additionally, the fee for this program is non-refundable, reflecting the immediate access to trading capital. This program is ideal for experienced traders confident in their abilities and seeking to trade with substantial capital without going through a lengthy evaluation process.
Funding Your Trades Review
Conditions
Funding Your Trades sets specific conditions for their trading programs to ensure responsible trading and risk management.
Drawdowns
Funding Your Trades enforces strict drawdown limits. For 2 Step and 2 Step Infinite Challenges, the daily limit is 5-6% with a 10-11% overall account limit. The 1 Step Challenge has tighter restrictions: 4% daily and 5% overall. Instant Funding maintains 6% daily and 6% overall limits. Exceeding these results in challenge or account termination. These limits are calculated from the initial balance and reset daily.
Commissions
The commission structure at Funding Your Trades is straightforward. For Forex, Crypto, and Commodities, the commission is $4.5 per lot. For Indices, the commission is $0.45 per lot. These fees are incurred when executing trades and are designed to be competitive within the industry. There are no additional swap or rollover fees mentioned, allowing traders to focus on their strategies without worrying about hidden costs.
Payouts
Traders receive a 90% profit split in the 1 Step, 2 Step, and 2 Step Infinite Challenges. The Instant Funding program offers a 70% split. Payouts are processed within 7-14 days after a withdrawal request. Specific payout methods and any associated fees are not publicly disclosed. This profit-sharing structure applies to all account sizes offered by Funding Your Trades.
Trading Days
Funding Your Trades does not impose a minimum number of trading days for their challenge programs, including the 1 Step, 2 Step, and 2 Step Infinite Challenges. This absence of a minimum trading day requirement allows traders to complete the challenges at their own pace, whether they prefer frequent day trading or less frequent swing trading approaches. However, for the Instant Funding program, there is a requirement to complete a minimum of 30 trading days before becoming eligible for withdrawals. This condition ensures that traders demonstrate consistent performance over a reasonable period before accessing their profits.
Trading Strategies
All programs permit a wide range of trading strategies, including scalping, day trading, and swing trading. The challenge allows for flexible trading conditions, including news trading, weekend position holding, and the use of Expert Advisors. However, trade copiers are not permitted, and traders must adhere to a maximum loss limit of the account balance per trade idea. This flexibility supports various trading styles while maintaining risk management.
Scaling Plan
Funding Your Trades doesn’t offer an automatic scaling plan. Traders choose initial account sizes ranging from $10,000 to $100,000 for challenges and Instant Funding. To increase account size, traders must complete a new challenge or purchase a larger Instant Funding account. However, there is no automatic progression based on performance, and there’s a maximum cap of $200,000 per trader.
Refund
Funding Your Trades offers a 100% refund for all challenge programs, including the 1 Step, 2 Step, and 2 Step Infinite Challenges. This refund policy provides a safety net for traders who may not succeed in their chosen challenge. However, the Instant Funding program does not offer refunds. Traders should consider this when selecting their preferred program.
Funding Your Trades Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 95% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:50 |
Funding Your Trades offers several key features to support their traders. These features are designed to enhance the trading experience and provide necessary tools for success.
Platforms Offered
Funding Your Trades exclusively supports MetaTrader 5 (MT5) as their trading platform. MT5 is an advanced multi-asset platform that offers a wide range of features for traders. It provides advanced charting tools, multiple timeframes, and numerous technical indicators. MT5 supports automated trading through Expert Advisors (EAs) and custom indicators.
The platform is available for desktop, web, and mobile devices, allowing traders to access their accounts from various devices. MT5’s multi-asset capability enables trading in forex, stocks, commodities, and other financial instruments, all within a single platform.
Dashboard
Funding Your Trades provides a proprietary dashboard for account management. This dashboard displays real-time account statistics, including balance, equity, open positions, and profit/loss figures. Traders can track their progress towards profit targets and monitor their adherence to drawdown limits. The interface is straightforward, allowing for easy navigation and quick access to essential trading information.
Support Offered
Customer support is available through email and live chat. The support team handles technical issues, account-related queries, and general trading questions. Support is provided during standard business hours, with extended availability during peak trading times. Response times vary depending on the nature of the inquiry, but Funding Your Trades aims to address all issues promptly.
Knowledge Base
Funding Your Trades offers two main resources for trader information and education: a blog and a FAQ section. The blog features articles covering various trading topics, market analysis, and updates about the firm’s services. It serves as a platform for sharing insights and keeping traders informed about relevant industry developments. The FAQ section provides answers to common questions about the firm’s programs, trading conditions, and operational procedures.
Broker Integration
As a prop firm, Funding Your Trades acts as the broker for funded accounts. This integrated approach means traders execute all trades through Funding Your Trades’ systems. The firm handles order execution, liquidity provision, and account management. This integration eliminates the need for traders to deal with external brokers or manage multiple trading accounts.
Funding Your Trades Review
Conclusion
In summary, Funding Your Trades offers a compelling package for aspiring prop traders. Their strengths lie in high-profit splits, flexible challenge options, and generous trading conditions. The use of the MT5 platform is a notable advantage, and the refund policy for most of the challenge programs adds an extra layer of security for traders. However, traders should know the strict drawdown limits and the lack of a scaling plan. The Instant Funding program, while attractive, however, doesn’t offer refunds. Overall, Funding Your Trades presents a balanced proposition, but traders should carefully consider their skills and risk tolerance before committing.
Funding Your Trades Review
