For Traders prop firm offers funded account challenges with 6k to 100k USD amounts and allows trading on TradeLocker, and a few other advanced trading platforms, which are popular prop trading platforms. The firm promises up to 300k USD in virtual funding using a scaling plan. The profit split is 80%, but we have detected several red flags and inefficiencies.
In our For Traders review, we are going to evaluate the firm’s most critical features, such as safety, rules, funding options, assets, platforms, fees, support, and more. After reading this For Traders review, you will define whether this firm can be trusted.
Pros & cons of For Traders prop firm
Pros
- Offers access to advanced trading platforms including MetaTrader 5
- Profit split of 80% with a low minimum payout threshold
- Multiple customer support channels with live chat, email, and phone
- Free trial and repeat options are unavailable
- Education resources are basic and may not fully support new traders
Cons
- Lack of safety features and red flags in trader reviews
- Limited assets for trading (only Forex, indices, commodities)
- Strict rules and limits
Safety of For Traders – 0
For Traders reviews are lacking on the FPA platform, which is always a red flag. Trader reviews are crucial for finding out what other traders think and experience with the firm, and a lack of these reviews indicates the firm is not trustworthy yet. When it comes to Trustpilot, the firm has 14% negative or 1-star evaluations indicating serious inefficiencies in its services. The firm also lacks crucial experience in the prop trading industry, as it was established in 2023, making it very inexperienced, hence the inefficiencies in services and customer satisfaction.
The firm gets a 0 score in this section for lacking all important safety features.
For Traders Funding and maximum capital allocation – 3
For Traders funded programs include one-step, two-step, and two-step pro programs. All three challenges offer the same For Traders funding options, including 6k, 15k, 25k, 50k, and 100k USD amounts. The pro account is similar to a standard two-step account but has slightly better risk limits, allowing for more diverse trading strategies. There are no For Traders Challenge instant challenges, which is a downside for experienced traders, and the maximum funding option of $100,000 is also very low.
For Traders scaling plan is only active through the firm’s pro plan and allows up to 300,000 USD in virtual funding. All funding options are virtual, meaning traders can only trade on demo accounts even after getting funded.
Overall, For Traders gets a 3 score in this section for offering slightly above-average funding experience.
For Traders Assets – 2
For Traders prop trading assets include Forex pairs, metals, indices, and energies. The firm does not allow for other assets such as stocks, futures, or cryptos, which is a big downside. Traders can only speculate on a limited amount of instruments. From FX pairs, there are majors and minors, but many exotics are lacking. The leverage differs for the funding phase and challenge phase. In the challenge phase, Forex pairs have 1:125, indices 1:20, and commodities 1:40. In the funded phase, Forex pairs have 1:40, indices have 1:10, and commodities have also 1:10.
For lacking asset diversity, the firm gets a 2 score in this section, which is very low.
For Traders Trading rules and limitations – 1.5
For Traders rules differ depending on the challenge type.
The 1-step For Traders challenge has the following rules:
- Profit target – 9%
- Daily risk limit – 3%
- Maximum drawdown – 6%
- Payouts – Bi-weekly
- Bonus – 100%
- Time limits – Unlimited
The 2-step For Traders challenges come with the following requirements:
- Profit target – 8%, 5%
- Daily risk limit – 5%, 4%
- Maximum drawdown – 10%, 8%
- Payouts – 80%
- Bonus – 100%
- Time limits – None
The 2-step pro evaluation requires traders to follow:
- Profit target – 6%
- Daily risk limit – 3%
- Daily profit cap – 2%
- Maximum drawdown – 10%, 8%
- Payouts – 80%
- Bonus – 100%
- Time limits – None
Traders can request a swing trading account where news trading, overnight holding, and weekend holding are all allowed.
The firm receives a 1.5 score in this section for offering a mediocre experience with its strict rules.
For Traders Fees – 3
The pricing by the For Traders is competitive, but we can not recommend this firm as it lacks safety features. Let’s compare pricing for its accounts to see its fees clearly.
The 1-step For Traders challenge fees are as follows:
- Funded amount: 6k USD – One-time fee: 59 USD
- 15k USD – 117 USD
- 25k USD – 209 USD
- 50k USD – 299 USD
- 100k USD – 529 USD
The 2-step For Traders challenge one-time fees:
- Funded amount: 6k USD – One-time fee: 59 USD
- 15k USD – 117 USD
- 25k USD – 209 USD
- 50k USD – 299 USD
- 100k USD – 549 USD
The 2-step pro evaluation one-time fees:
- Funded amount: 6k USD – One-time fee: 49 USD
- 15k USD – 99 USD
- 25k USD – 189 USD
- 50k USD – 269 USD
- 100k USD – 489 USD
As we can see, the firm requires the same fees for both 1-step and 2-step accounts, and there is no reason to choose 2-step when 1-step accounts cost the same. The pro accounts have easier rules but are more expensive. Pro challenges also have a maximum daily profit cap, which is a downside.
For Traders free trial is not offered at the moment, and the For Traders free repeat is not available either.
Overall, For Traders gets a 3 score in this section for offering average experience.
For Traders Platforms – 4
Trading platforms are crucial for profitable prop trading and For Traders offers several platforms including TradeLocker, MetaTrader 5 (MT5), and DXTrade. All these platforms are more than capable of advanced features, especially MT5, which offers automated trading and custom indicators support.
Overall, the firm gets a 4 score in this section for offering excellent trading platform selection.
For Traders Profit-Sharing – 3
For Traders profit split is capped at 80% which is attractive. The minimum payout is set at 100 dollars, meaning traders need to make at least this amount in profits to be eligible for withdrawals. On the first payout, traders also get back their fee paid for the challenge.
Withdrawals are processed within 1-2 business days or 48 hours.
Overall, For Traders gets a 3 score in this section for offering quick withdrawals.
Education and trading tools at For Traders – 2
The firm offers several educational resources including a video guides center, events, and a free e-book about financial trading for passing the challenge. The firm has a big library of videos about financial trading where traders can learn about the firm’s services, events, and conferences. These videos are not a full replacement for proper education, and the e-book is more useful for gaining financial trading knowledge.
Overall, the firm gets a 2 score in this section for offering a mediocre educational experience.
Customer Support at For Traders – 3.6
The firm offers several customer support options, including live chat and email channels. There is also phone support, which is always a positive sign. Both the website and support options are provided in 4 different languages.
Overall, For Traders receives a 3.6 score in this section for offering a good support experience.
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