CFT prop firm trader account types and differences offer traders several ways to access funded accounts, making it a novel approach to prop trading. Founded in Switzerland in 2022, CFT (Crypto Fund Trader) is a proprietary trading firm known for its extensive account options and creative approach to trader funding. CFT provides traders with several routes to success in professional trading, with the goal of teaching over 30,000 traders and disbursing over $10 million in rewards. This article will examine CFT prop firm trader account types and differences.
Account Size Options
Six different account sizes are offered by CFT to suit traders with different degrees of experience and capital needs:
- Account Size: $5,000
- Evaluation Fee: $58
- Account Size: $10,000
- Evaluation Fee: $105
- Account Size: $25,000
- Evaluation Fee: $230
- Account Size: $50,000
- Evaluation Fee: $345
- Account Size: $100,000
- Evaluation Fee: $570
- Account Size: $200,000
- Evaluation Fee: $1,097
Evaluation Structures
CFT provides two main methods for evaluation:
One-Step Evaluation:Ā
Features
- One evaluation phase
- 10% profit target
- 4% daily maximum drawdown
- A maximum of 6% in total drawdown
- A minimum of five trading days are needed.
Two-Step Evaluation
Features:Ā
- Two-step evaluation procedure
- Phase 1: A target profit of 8%
- Phase 2: A 5% profit goal
- 5% daily maximum drawdown
- 10% is the maximum total drawdown.
- A minimum of five trading days are needed.
Unique Features
Leverage Options
- First three account sizes: Leverage at 1:30
- Larger account sizes: leverage of 1:100
Drawdown Add-onsĀ
Traders can improve the parameters of their drawdown:
- 15% increase in fees: The daily decrease rises to 6%.
- A 25% fee increase raises the maximum withdrawal to 12%.Ā
Platforms for Trading
CFT is compatible with several trading platforms:
- MT5 (Non-US Traders)
- Crypto Futures (US Traders)
- Ā CFT Platform
Commission Organization
Trading Cost:
- Forex: $3.00 per 1.0 standard round lot
- Cryptocurrencies: 0.05% per trade
- Commodities: 0.001%
- Equities: 0.004%
- Index trading: Commission-free
Profit Sharing and WithdrawalsĀ
- Successful traders receive 80% of the profits.
- Options for withdrawing cryptocurrency
- There are no time restrictions during the assessment.
- Infinite trading period
Resources for Education
CFT offers all-encompassing educational assistance:
- Tutorials Videos
- Online courses
- Electronic books
- Live broadcasts
- Podcasts
- Personal Mentoring
Limitations for Traders
- Each traderās maximum funded account is $300,000.
- Five calendar days are the minimum trade days.
- No limits on the maximum trading dayĀ
Comparative Benefits
CFT differs from other prop firms in the following ways:
- Flexible assessment procedures
- Profit targets that are competitive
- Low rates of commission
- Large-scale educational assistance
- Various platform choices
In conclusion
CFT is a contemporary kind of proprietary trading that gives traders several options for achieving success in the market. The firm gives traders of all skill levels access to professional trading capital through a variety of account types, adaptable evaluation frameworks, and an extensive support system.Ā
Frequently Asked Questions
1. What Are The CFT Leverage Options?
- First three account sizes: 1:30 leverage
- Larger account sizes: 1:100 leverage
2. What Is The Profit Sharing Structure?
- 80% for trader
- 20% for CFT
- First withdrawal after evaluation success
- Options for Bi-weekly payoutĀ
3. What Trading Platforms Are Supported By CFT?
- MT5 (Non-US Traders)
- CFT Platform
- Crypto Futures (US Traders)
4. Are There Any Trading Restrictions?
- No maximum trading day requirements
- Minimum 5 trading days per assessment phase
- Unlimited trading period
- Multiple trading instruments allowed
5. What Makes CFT Unique?
- Swiss-based proprietary trading firm
- Comprehensive educational resources
- Low commission rates
- Flexible evaluation processes
- Multiple withdrawal cryptocurrency options