The Funded Trader has recently revealed noteworthy changes to their famed Standard Challenge Program. Here's what's new with their revised offering.
Two-Phase Evaluation
The revamped Standard Challenge employs a two-stage assessment process. During Phase 1, traders have a period of 35 calendar days to hit a 10% profit target. Subsequently, upon successful completion of Phase 1, traders then have 60 calendar days during Phase 2 to realize a 5% profit target.
Minimum Trading Days
The new challenge mandates that traders must trade for at least three days during both the initial 35-day TFT Challenge period and the subsequent 60-day Verification time span.
Drawdown Limits
The Standard Challenge now incorporates a daily drawdown limit of 6% and a total drawdown cap of 12%, providing specific risk parameters for traders to adhere to.
Payout Split
The Funded Trader continues to offer a generous 80/20 payout division, where the third-party trader receives 80% of the profits, while the firm claims the remaining 20%.
Account Sizes
Flexibility in trading capital is yet another attribute of the updated program. The firm provides a variety of account sizes, ranging from $10,000 to a substantial $400,000.
Additional Benefits
In addition to the changes, traders looking to participate in the program can utilize the discount code "TPJ" to obtain a 5% markdown on any challenge.
To sum it up, The Funded Trader's enhanced Standard Challenge introduces an updated two-stage evaluation procedure, containing specific profit objectives, drawdown limits, and compulsory trading days. With a range of account sizes on offer and an attractive 80/20 profit split, the opportunity is ripe for traders to test their strategies and skills. To kickstart your journey with The Funded Trader and seize the 5% concession, remember to apply the discount code "TPJ".