Hey folks just want to make a post about a funding program that I have been on and may be of some interest to some of you. We know there are many online "prop" firms such as blu fx ftmo 5%ers etc etc and lets be honest they are not easy. One will have limited leverage which will make it difficult to reach targets others will make you do challenges. An also don't forget the recurring fees..
I started with https://fotistradingacademy.com/fta-incubation-program/ This was set up by my mentor and his business partner. There is no complex rules or trials etc
The way it works is as follows
they have 2 programs incubation for deposits of $1-5k and acceleration deposits of 20k and upwards
The incubation program (which I am on) the company gives 4x your deposit. SO with my 1K deposit the company gives 4k and i have a 5k account to trade.
The acceleration differs i don't have too much info on this but i think they match your deposit but funding can go up to 200k-500k for talented guys,
PROFIT SPLIT
50/50 First 3 months then 70/30. You get paid quarterly
TRADING RULES
30% Drawdown
LEVERAGE
1:100
You will require a minimum of 3 months LIVE AND VERIFIED TRACK RECORD. I also think a call is set up between yourself and one of the the guys who set this up. Or you take up some coaching from them.
I think this is an excellent program. You are not forced to trade under any time limits, any strict drawdown rules or to reach any target. Trade freely without any pressure (apart from the generous 30% dd) as it should be ..
Any questions don't hesitate to ask. I am due my first profit split tomorrow and my account will be increased to $10k
I started with https://fotistradingacademy.com/fta-incubation-program/ This was set up by my mentor and his business partner. There is no complex rules or trials etc
The way it works is as follows
they have 2 programs incubation for deposits of $1-5k and acceleration deposits of 20k and upwards
The incubation program (which I am on) the company gives 4x your deposit. SO with my 1K deposit the company gives 4k and i have a 5k account to trade.
The acceleration differs i don't have too much info on this but i think they match your deposit but funding can go up to 200k-500k for talented guys,
PROFIT SPLIT
50/50 First 3 months then 70/30. You get paid quarterly
TRADING RULES
30% Drawdown
LEVERAGE
1:100
You will require a minimum of 3 months LIVE AND VERIFIED TRACK RECORD. I also think a call is set up between yourself and one of the the guys who set this up. Or you take up some coaching from them.
I think this is an excellent program. You are not forced to trade under any time limits, any strict drawdown rules or to reach any target. Trade freely without any pressure (apart from the generous 30% dd) as it should be ..
Any questions don't hesitate to ask. I am due my first profit split tomorrow and my account will be increased to $10k