For Traders - Firm Review

Company and regulation

For Traders (formerly branded “Billionsclub”) markets itself as a European firm with a Prague presence, but operates through FT Trading Ltd in Saint Lucia (the platform/simulation provider) and BLN Tech Club DMCC in Dubai (education and payments). It is unregulated, and its accounts are simulated. Its own disclaimer is blunt: “For Traders is a SaaS educational trading simulation and evaluation company… There is no live capital or margin risk. All accounts… are demo accounts in a virtual environment with virtual money. Challenge fees purchase access to the simulation & assessment; payouts are discretionary, not guaranteed.” Trading is on cTrader, TradeLocker and MT5, across forex, crypto, indices, commodities and futures.

The rule that defines it: a soft-breach that halves your split

For Traders’ signature mechanic is “Drawdown Protection,” and it’s a genuinely unusual take on the drawdown rule. On funded Master accounts, your open positions must not reach a floating (unrealised) loss of -2% of your starting balance. But unlike most firms — where hitting the limit simply fails the account — For Traders makes the first breach a “soft” strike: it force-closes your open trades at market and permanently cuts your profit split from 80% (or 90%) down to 50%. Only a second breach closes the account entirely.

It’s a novel idea — you survive a first mistake but pay for it in earnings for the life of the account — and it can cut both ways. There’s also a second, more contentious rule that traders report catching them out: a “40% margin = gambling” policy, where using more than roughly 40% of your total margin on a position can see that profit voided as “gambling.” Both rules are the single most important things to understand here, because they can quietly reduce — or void — earnings you thought you’d made. Keep floating losses well inside 2% and margin usage modest.

Products, split and drawdown

For Traders offers an unusually broad menu: 1-step, 2-step, 3-step, Instant and “Pay After Pass”, each in Fast (trailing drawdown) or Static variants, with separate forex, crypto and futures tracks. Account sizes are $6k to $100k (up to $300k for “Gold Tier” traders). Crypto is tradable 24/7 including weekends. It also markets a built-in AI Coach that analyses your trading journals.

The split is 80% base, with the advertised “up to 90%” being a paid/selectable upgrade (and 70% offered for a discount). Drawdown is a 3% daily loss (on initial balance, including open trades) and a 6% maximum, in either trailing (Fast) or static form depending on the variant. Fees are one-time (from about $50), with no monthly charge.

Payouts and contradictions

Payouts have a $100 minimum, run on a 14-day reward cycle, require 3 profitable days (a profitable day is a gain of at least 0.5%), and are subject to a $15,000-per-cycle cap and a 3% account buffer. For Traders advertises a 48-hour reward guarantee (paid within 48 hours or it pays 100% of the split). A few gaps between the marketing and the rules are worth naming:

• “Up to 90% split” headline vs an 80% base (90% is a paid upgrade).
• “Payout on demand” vs a 14-day cycle with a $15,000 cap and a buffer requirement.
• “48-hour guarantee” vs a disclaimer that payouts are “discretionary, not guaranteed.”
• “Funded / trader” language vs Terms stating it’s all fictitious demo trading.

Verdict

For Traders is an actively-marketed, broadly-positive firm (around 4/5 on Trustpilot across hundreds of reviews) with a genuinely wide product menu, fast advertised payouts, a 48-hour guarantee and some novel touches — the soft-breach “Drawdown Protection” and a built-in AI coach. For a trader who wants options and a forgiving first-strike rule, it’s worth a look.

But it’s a firm where the rules matter more than the marketing. The accounts are simulated and payouts are explicitly discretionary; the “up to 90% split / payout on demand / 48-hour guarantee” headlines are meaningfully softer in the fine print (80% base, 14-day cycle, $15k cap); and two rules — the -2% soft breach that halves your split and the 40%-margin “gambling” void — are the main ways traders report losing earnings. It rebranded from “Billionsclub,” too, which is worth noting. Trade conservatively, keep margin and floating losses low, read the reward rules, and it’s a usable option; take the headlines at face value and you may be caught out.

Frequently Asked Questions

Is For Traders regulated, and is the capital real?

For Traders operates through FT Trading Ltd in Saint Lucia and a Dubai entity, and is unregulated. Its accounts are simulated: its own disclaimer states it is an educational trading simulation company with no live capital or margin risk, that all accounts are demo accounts with virtual money, and that payouts are discretionary and not guaranteed. It was formerly branded Billionsclub.

What is the For Traders Drawdown Protection rule?

On funded accounts, your open positions must not reach a floating loss of minus 2 percent of your starting balance. Unlike most firms, a first breach does not close the account; instead it force-closes your trades and permanently cuts your profit split from 80 or 90 percent down to 50 percent. Only a second breach closes the account entirely, so you survive a first mistake but pay for it in earnings for the life of the account.

What is the For Traders 40% margin rule?

It is a contentious rule that traders report catching them out: using more than roughly 40 percent of your total margin on a position can see that profit voided as gambling. Combined with the minus 2 percent soft-breach rule, it means you should keep both your floating losses and your margin usage well controlled, or risk having earnings reduced or voided.

What is the For Traders profit split and payout schedule?

The split is 80 percent base, with the advertised up to 90 percent being a paid or selectable upgrade, and 70 percent available for a discount. Payouts have a $100 minimum, run on a 14-day cycle, require 3 profitable days of at least 0.5 percent, and are capped at $15,000 per cycle with a 3 percent buffer. There is a 48-hour reward guarantee, though the Terms note payouts are discretionary.

What products does For Traders offer?

An unusually broad menu: 1-step, 2-step, 3-step, Instant and Pay After Pass, each in Fast (trailing drawdown) or Static variants, across separate forex, crypto and futures tracks on cTrader, TradeLocker and MT5. Account sizes run from $6k to $100k, up to $300k for Gold Tier traders, with crypto tradable 24/7. It also markets a built-in AI Coach that analyses trading journals.

Is For Traders trustworthy?

It is actively operating with a broadly positive Trustpilot of around 4 out of 5 across hundreds of reviews, and no closure or payout-freeze reports. However, the accounts are simulated with discretionary payouts, the headline up-to-90-percent-split and payout-on-demand claims are softer in the rules, and there is a real minority of payout-denial complaints tied to the 40 percent margin and news rules. It also rebranded from Billionsclub. Trade conservatively and read the reward rules before buying.

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