For Traders – Firm Review
- Market leader in prop accounts
- Fast withdrawals within 24 hours
- One-step evaluation with reset feature
- Top-tier platforms for successful trading
- No restrictions on trading methods
# For Traders Review
Company Overview
For Traders is a modern proprietary trading firm designed to help aspiring traders access substantial capital without the traditional barriers to entry. The company operates through a popular challenge-based funding model where traders must demonstrate their skills before gaining access to funded accounts. What sets For Traders apart is their transparent approach to trading parameters and their commitment to trader education and development.
The firm offers various account sizes ranging from $10,000 to $200,000, with both Standard and Professional challenge options tailored to different trading styles and experience levels. For Traders provides access to multiple financial markets through industry-standard platforms, making it suitable for both beginners looking to start their trading careers and experienced traders seeking to scale their strategies with larger capital.
Key Features at a Glance
Challenge Fees
- $10,000 Account – $99 one-time fee for entry into the Standard Challenge program
- $25,000 Account – $199 one-time fee for the challenge assessment
- $50,000 Account – $299 one-time payment to begin your trading evaluation
- $100,000 Account – $499 for accessing the higher capital threshold
- $200,000 Account – $799 for the premium account size with maximum potential
Account Types
- Standard Challenge: Designed for most traders with balanced profit targets and risk parameters
- Professional Challenge: Created for experienced traders with more flexible trading conditions but higher profit targets
- Funded Account: Awarded after successfully passing both challenge phases, providing real capital with profit-sharing
Profit Split Options
- Standard Split: 80/20 profit sharing in favor of the trader, offering competitive returns
- Scaling Plan: Opportunity to increase to 90/10 profit share after consistent performance milestones
- Account Growth: Traders can earn account size increases after demonstrating consistent profitability
Account Sizes
- $10,000: Entry-level account ideal for beginners testing their strategies
- $25,000: Mid-tier option balancing affordable entry fees with meaningful capital
- $50,000: Popular choice for traders with established strategies seeking substantial returns
- $100,000: Advanced capital allocation for experienced traders with proven methods
- $200,000: Premium account size for professional traders seeking maximum earning potential
Trading Platforms
- MetaTrader 4: Industry-standard platform with extensive charting capabilities and expert advisors
- MetaTrader 5: Advanced multi-asset platform with enhanced features and improved speed
- TradingView: Web-based platform with powerful social and analytical tools for modern traders
- cTrader: Sophisticated platform offering advanced order types and depth of market access
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Commodities: Gold, silver, oil, and other key commodity markets
- Indices: Major global stock indices including S&P 500, NASDAQ, DAX, and more
- Crypto: Selected cryptocurrency pairs for diversified trading opportunities
- Stocks: Access to major US and international equity markets
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $200,000 in trading capital after successful challenges
- Scaling: Traders can increase their capital allocation by up to 25% after maintaining consistent profits for 3 consecutive months
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: 7-day demo environment to test the platform before committing to a challenge
- Profit Targets: Realistic targets ranging from 5-12% depending on challenge type and phase
- Drawdown Structure:
- Daily: 5-6% limit on single-day losses from previous day’s closing balance
- Maximum: 10-12% total drawdown limit from initial account balance
- Trailing: Not implemented, using fixed maximum drawdown model instead
Trading Rules and Requirements
- No overnight holding of certain volatile instruments including cryptocurrencies
- No trading during major economic news releases (3 minutes before and after)
- Maximum position size of 5% of account equity for any single trade
- No martingale or grid trading strategies allowed
- Minimum 10 trading days required during challenge phases
- No copy trading or using other traders’ signals – all trades must be executed independently
- Consistent trading hours must be maintained throughout evaluation
Company Information
- Founded in 2019 with headquarters in London, UK
- Operates in over 150 countries worldwide
- 24/7 customer support via live chat, email, and ticket system
- Educational resources including webinars and trading tutorials
- Active community forums and trader networking opportunities
- Regulated capital management structure with secure fund segregation
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (24-48 hours)
- Skrill (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Wise/TransferWise (2-3 business days)
Trading Commissions
- Forex pairs: $5 per standard lot (round turn)
- Indices: $5-10 per standard contract depending on the specific index
- Commodities: $5-7 per contract depending on the specific commodity
- Cryptocurrencies: 0.1% of trade value (industry-competitive)
- No hidden fees or additional charges beyond standard commissions
IP Rules
- Only one account per household allowed to prevent duplicate funding
- IP addresses are monitored to ensure compliance with single-account policy
- VPN usage is permitted only if declared in advance and approved by the compliance team
- Geographical restrictions apply for certain countries due to regulatory requirements
- Traveling traders must notify customer support about location changes to avoid account restrictions
Video Review
For Traders Review
Comprehensive review of For Traders trading services
Unique Features
Advanced Analytics
- Personalized trading dashboard with performance metrics and analytics
- Risk management tools including position sizing calculators and risk analyzers
- Trade journal integration for tracking strategy effectiveness
Education & Support
- Weekly live trading sessions with professional analysts
- Comprehensive knowledge base with strategy guides and market analysis
- One-on-one mentoring opportunities for funded traders
- Active community Discord server for trader networking and idea sharing
Account Features
- Reset option available for failed challenges (at reduced cost)
- Scaling program for consistent performers to increase capital allocation
- Bi-weekly profit withdrawals for funded traders (faster than industry standard)
Why Choose For Traders?
For Traders stands out in the crowded prop firm landscape by focusing on trader success and sustainable growth rather than just challenge fees. Their approach combines realistic profit targets with adequate risk parameters, creating an environment where disciplined traders can thrive.
Key advantages include:
- Transparent fee structure with no hidden costs or ongoing subscription fees
- Generous 80/20 profit split with scaling opportunities up to 90/10
- Faster verification to funding pipeline compared to many competitors
- Comprehensive educational resources to help traders develop successful strategies
- Responsive customer support team with deep trading knowledge
- Account size increases for consistently profitable traders
- Bi-weekly profit withdrawals offering quicker access to earnings
Frequently Asked Questions
How long does it take to get funded?
The time to funding depends on your trading performance. If you successfully complete the Standard Challenge (minimum 10 trading days with 8% profit) and the Verification Phase (minimum 10 trading days with 5% profit), you can be funded in as little as 30 days. Most traders who pass both phases receive funded account access within 1-3 business days after verification completion.
Can I hold positions over the weekend?
Yes, you can hold most positions over the weekend. However, there are restrictions on certain volatile instruments, particularly cryptocurrencies which must be closed before weekend market closure. For other instruments, weekend holding is permitted but traders should be mindful of weekend gap risk. It’s recommended to reduce position size when holding over weekends to manage potential gap risk.
What happens if I break a rule?
Rule violations have different consequences depending on severity. Minor violations typically result in warnings, while major violations like exceeding maximum position sizes or breaching drawdown limits will result in immediate account termination. If you’re unsure about a specific rule, it’s best to contact support before taking action. For failed challenges due to rule violations, For Traders offers discounted reset options to restart the challenge.
Can I trade news events?
News trading is permitted with certain restrictions. Major high-impact economic releases have a 3-minute restriction window (before and after the announcement) during which new positions cannot be opened. Existing positions can be maintained through news events, but position size increases are not allowed during the restriction window. These restrictions are designed to prevent excessive volatility exposure while still allowing for strategic news-based trading approaches.
How often can I withdraw profits?
Once funded, traders can withdraw profits on a bi-weekly basis. The profit calculation is based on the growth above the initial account balance. Withdrawal requests are processed within 24 hours, with funds typically reaching your account within 1-5 business days depending on the payment method selected. There is no minimum withdrawal amount, and For Traders covers processing fees for withdrawals above $250.
