Fast Track Trading Review 2024

Overview

What is Fast Track Trading?

Fast Track Trading (FTT) makes it easy to dive into trading. When you buy a trading account with FTT, virtual funds are instantly added to your account. 

No evaluations, no practice steps – just straightforward trading from day one.

Who Can Join?

FTT welcomes traders from nearly every country. Unfortunately, The prop firm can’t accept traders from Afghanistan, China, Russia, Belarus, Cuba, Iran, Iraq, Libya, North Korea, and Syria due to international regulations. But if you’re from anywhere else, you’re good to go!

No Monthly Fees

FTT keeps  things simple. Once you purchase your trading account, there are no monthly or subscription fees. Just focus on trading and making profits.

Ready to Start?

Fast Track Trading is all about quick and easy access to the trading world. Join FTT today and start trading without any hassle. 

Read some of our other articles to learn more about Fast Track Trading before making your decision, there are quite a few things you need to know before you can start trading.

In-Depth Account Comparison Chart

This is an in-depth comparison of all accounts Fast Track Trading (FTT) offers. All account features and costs are compared here in order for you to find the best value for your money or preference. When new information about these accounts are released, they will be updated on this page.

If you are new to Fast Track Trading, you should educate yourself on what each of these features mean and how Fast Track Trading implements them into their systems.

Active Promotions at Fast Track Trading

Fast Track Trading (FTT) frequently offers promotions to provide traders with the best opportunities to maximize their trading experience. The clever Trader website is updated regularly, so be sure to check back often for the latest promotions.

Transparency

At Fast Track Trading (FTT), Understand the importance of transparency, especially for those who may be skeptical about FTT operations. To alleviate any concerns and demonstrate the prop firm commitment to credibility, FTT openly provides essential documents that verify the prop firm legitimacy as a business entity. These documents include:

CP575 Notice

Issued by the IRS, this notice validates Fast Track Trading’s federal tax status and Employer Identification Number (EIN).

CP575 Notice PDF

Certificate of Formation

This document establishes Fast Track Trading’s legal existence and details its incorporation specifics.

Certificate of Formation PDF

Bank Verification Letter

This official letter confirms the authenticity of Fast Track Trading’s bank account and financial standing.

Bank Verification Letter PDF

Rules

Understanding the Consistency Rule

The Consistency Rule is a straightforward yet essential guideline in Fast Track Trading (FTT). It ensures that traders’ profits are accumulated in a consistent manner rather than through high-risk, high-reward trading practices.

The Rule Explained

The rule states that when you make a withdrawal, your total gain cannot have more than 20% of that amount made in a single day. This means that no single day’s profit should account for more than 20% of your overall profits at the time of withdrawal.

Example

Suppose you have made a total profit of $10,000 and wish to withdraw it. According to the Consistency Rule, no single day’s profit should exceed $2,000 (which is 20% of $10,000). If you had a day where you made $3,000, you would need to continue trading until the total profit increases to a point where $3,000 is no longer more than 20% of your overall gains before you can request a payout.

Understanding Consistency After Payouts

Once you receive your payout, your consistency requirements restart with the new payout cycle. This means that any profits made after your payout will be subject to consistency rules based on the new profit amount.

Example Scenario:

• Payout Request: You requested a $1,500 payout.

• Remaining Profits: After the payout, you are left with $1,000 in total profits.

If you then make an additional $2,000 in profits over the next 10 days, the consistency rule will apply only to this new $2,000 profit. This means:

Maximum Daily Profit for Consistency: 

This translates to a maximum of $400 profit on your best day ($2,000 profit).

Consistency Rule: Your best trading day within the next 10-day period must not exceed 20% of the $2,000 profit.

Understanding the 5% Buffer Rule for Payouts in Fast Track Trading

In Fast Track Trading, the 5% buffer rule is a key requirement you must meet before requesting a payout. This rule ensures that traders maintain a consistent and disciplined approach to trading. Here’s everything you need to know about the 5% buffer rule.

What is the 5% Buffer Rule?

The 5% buffer rule means that you must achieve and maintain a profit that equals at least 5% of your starting account balance. This buffer acts as a safety net, ensuring that you have a cushion of profits before you can request a payout. 

Here’s how it works:

• Starting Balance: $25,000

• 5% Buffer: $1,250

You need to make a profit of $1,250 (which is 5% of $25,000) and have a total account balance of $26,250 closed at the end of one trading day before you can request a payout.

How to Meet the 5% Buffer Rule

To meet the 5% buffer rule, follow these steps:

1. Achieve the Profit Target: Ensure that your account balance has increased by 5% from your starting balance. For example, if your starting balance is $25,000, you need to have a balance of at least $26,250 closed at the end of one trading day.

2. Maintain the Profit: It’s not enough to just hit the 5% profit target momentarily. You need to close the trading day with at least a 5% increase in your account balance, even if you lose money the next day.

3. Consistent Trading: Consistency is key. You must follow the consistency rule, which means your profits on any single day must not exceed 20% of your total profits.

Payouts After Meeting the 5% Buffer Rule

Once you’ve met the 5% buffer rule and the trading day has ended with a total account profit over 5% of the starting balance, you don’t need to hit the 5% target again for subsequent withdrawals. Instead, you can withdraw any remaining profits, provided you follow the consistency rule. This makes it easier to manage your funds and take profits without the need to repeatedly meet the 5% buffer requirement.

For example:

• If your account balance is $27,000 and you take a payout of $1,500, reducing your balance to $25,500, you can still withdraw additional profits without needing to hit the 5% buffer $26,125 target again. Just ensure you follow the consistency rule.

• When you want to take another payout after 10 days, you need to be in a net positive in profits in order to calculate consistency, even if you only make $10 in total profits over those 10 days. You want to do this in order to secure your payout and avoid issues regarding calculation of the consistency rule, as that is the most common reason for payouts getting denied.

No Minimum Payout Requirement

There is no minimum payout requirement in Fast Track Trading. Once you’ve met the 5% buffer rule, you can request a payout of any amount, as long as you adhere to the consistency rule, even if you lose money.

What Does “Drawdown” Mean?

A drawdown is the drop from your highest account balance to a lower point, showing your losses. Once you’ve hit your maximum drawdown limit, your trading account automatically gets liquidated. There is no Daily Loss Limit (DLL), only a Max Loss Limit (MLL).

Drawdown Limits in Fast Track Trading

achieve a 5% profit on your starting balance. Once you reach a 5% profit, your drawdown limit locks at your starting balance. This means the limit changes until you hit the 5% profit target, after which it remains constant.

Example:

• Starting Balance: $25,000

• Initial Drawdown Limit: $1,250 (5% of $25,000)

• If your balance increases to $26,500, your new drawdown limit is $25,000 account balance, as there was a 5% increase and your minimum balance will now forever be at $25,000.

What Happens If You Exceed Your Drawdown Limit?

If your account drops below the drawdown limit, it will be automatically liquidated to prevent further losses. If your account is eligible, consider purchasing an account reset, however you should be aware of the advantages, disadvantages, and requirements of doing so.

Starting Balance Example:

• Account Balance: $25,000

• Drawdown Limit: $1,250

• If your account drops to $23,750, it gets liquidated.

Once You Achieve a 5% Profit on Your Starting Balance

If your account balance reaches $26,250 (which is a 5% profit on the $25,000 starting balance), your drawdown limit locks at $25,000. This means that regardless of how much profit you make beyond this point, your drawdown limit remains at $25,000.

Example:

• Account Balance: $27,000

• Drawdown Limit: $25,000 (locked at starting balance after achieving 5% profit

Account Resets

If your account is liquidated, you can reset it instead of starting over. This option is available for specific account types and helps you get back on track.

Can I Reset My Account?

At this point in time, you can only reset your Formula 1 accounts. For 10% of your earned profit (based on the previous day’s close), you can reset your account to 50% of your earned profits.

Example: 

Imagine you have a Formula 1 account with $200,000 in earned profit, and your account liquidates at the $300,000 Max Loss Limit (MLL). Instead of purchasing a new account, you can opt to reset your current one. 

For 10% of your earned profit ($20,000), you can recover $100,000 in profit plus your starting balance of $300,000. This means when the market reopens on Sunday at 6 PM EST, you’ll have $400,000 in your account instead of starting over at $300,000.

Reset Limitations:

• Your account must have at least $15,000 in earned profit.

• Resets must be requested at least 4 days before payout day.

• Rally, Daytona, and Grand Prix Accounts are not eligible for resets at the moment.

What Platforms Can I Trade?

Currently, Fast Track Trading (FTT) supports Rithmic compatible platforms, including Quantower, R|Trader Pro, ATAS, Motivewave, Jigsaw, and Sierra Chart.

What Symbols Can I Trade?

FTT offers a wide range of futures symbols:

• Equity Futures: ES, NQ, NKD, YM, EMD, RTY

• Interest Futures: 10Y, ZT, ZF, ZN, ZB, UB

• Currency Futures: 6A, 6B, 6C, 6E, 6J, 6S, 6N

• Agricultural Futures: HE, LE, GF, ZC, ZW, ZS, ZM, ZL

• Energy Futures: CL, QM, NQ, QG, HO, RB

• Metal Futures: GC, SI, HG, PL, PA, QI, QO

• Micro Futures: MES, MYM, MNQ, M2K, MGC, M6A, M6E, MCL

• Cryptocurrencies: MBT, MET

What is a Trading Day?

A trading day at FTT is any day you make at least one trade. As long as you execute a trade, that day counts as a trading day.

Non-Consecutive Trading Days

Trading days don’t have to be consecutive for the 10-day payout. This means you can trade on days that suit you best without needing to trade every single day.

Consecutive Trading Days

For the 5-day payout, trading days must be consecutive. You need to trade every day for five consecutive trading days to be eligible for the 5-day payout.

Counting Trading Days for Payouts

For payout eligibility:

• 5-Day Payout: Requires five consecutive trading days.

• 10-Day Payout: Requires ten trading days, which do not have to be consecutive.

Can I Trade 24×7?

The futures market is open from Sunday 6 PM EST to Friday 4 PM EST, with a daily pause from 5 PM to 6 PM EST for clearing and roll-over activities. All positions must be closed by 4:15 PM EST on a daily basis.

Can I Hold Positions Overnight?

No, positions must be closed by 4:15 PM EST daily. If positions are not closed, Fast Track Trading’s risk systems will liquidate the position and charge a $25 fee per contract.

Is Copy Trading Allowed?

Absolutely! Copy trading is a core tenet of Fast Track Trading and is allowed across all accounts. You are only allowed to copy trade within the accounts you own under your login, you aren’t allowed to copy them to another Fast Track Trading member’s account, only copy trades with yourself.

How Many Accounts Can I Have?

Traders can have up to 20 accounts of any size. You are able to have more accounts, however only 20 can be active at a time and the rest will be inactive until you request them to be activated, and in turn others deactivated.

A trader can also open an account with Fast Track Trading under a Company LLC name, and have another 20 accounts under this company name. You can not copy trade your Personal and LLC accounts with eachother.

Integrity Standards

Fast Track Trading has zero tolerance for schemes:

• Account Limits: Maximum of 20 accounts per person, with additional 20 for LLCs or household members.

• Copy Trading: Detected use of copy trading across more than 20 accounts (copy trading your Personal account with your LLC account) will result in a ban and forfeiture of funds.

News Trading

• Permitted Activity: Yes, news trading is allowed at Fast Track Trading. This includes trading during major announcements such as FOMC (Federal Open Market Committee), CPI (Consumer Price Index), and NFP (Non-Farm Payrolls).

• Caution Advised: While news trading is permissible, it’s essential to exercise caution. Market conditions can become highly volatile during these periods, potentially leading to rapid price movements and increased risk.

Hedge Positions

• Prohibited Activity: No, hedging positions is not allowed at Fast Track Trading in accordance with CME (Chicago Mercantile Exchange) rules.

• Explanation: Hedging involves taking opposite positions in the same or correlated instruments to offset potential losses. As per regulatory guidelines, Fast Track Trading does not permit this practice.

Payouts & Withdrawals

Understanding Payouts

Fast Track Trading (FTT) emphasizes the importance of effectively managing your account, including understanding payout limits and adhering to specific requirements based on your account type. Here’s a clear breakdown of what you need to know:

Payout Limits by Account Type

5-Day Payouts:

• Rally ($25,000): Up to $1,000

• Daytona ($50,000): Up to $1,250

• Grand Prix ($150,000): Up to $1,500

• Formula 1 ($300,000): Up to $2,000

10-Day Payouts:

• Rally ($25,000): Up to $1,500

• Daytona ($50,000): Up to $2,000

• Grand Prix ($150,000): Up to $3,000

• Formula 1 ($300,000): Up to $4,000

Extended Payouts: After a trader has received a total of 8 payouts, the payout limit doubles:

• Rally ($25,000): Up to $3,000

• Daytona ($50,000): Up to $4,000

• Grand Prix ($150,000): Up to $6,000

• Formula 1 ($300,000): Up to $8,000

After 12 payouts, traders can request any amount they want, even if they are not yet on a live account. Alternatively, they may also be moved to a live account.

Additional Information

Post-Payout Profit Requirements: After taking a payout, there is no minimum profit required to request another payout as you have already met the 5% buffer. For example, if you make $7,500 on a Grand Prix account and take out $3,000, leaving $4,500, you don’t have to make another $3,000 to request a payout. You can make another $1,000 and take out $3,000 as long as you adhere to the consistency rule.

5-Day Payout Limitation: The 5-day payout is only available for your first payout on your first account. Once you receive a 5-day or 10-day payout, you cannot receive it again. It must be done on your first order and first payout. It’s essentially a bonus.

Additional Reminders

Profit Target:

Achieve at least a 5% profit on your starting account balance before requesting a payout. For instance, on a $25,000 account, this translates to a $1,250 profit.

Buffer Requirement:

Maintain a 5% buffer in your account balance daily after achieving your profit target. Find out more about the 5% buffer rule.

Consistency Rule:

Ensure no single trading day’s profit exceeds 20% of your total profits, promoting consistent trading practices and risk management. Find out more about the consistency rule.

Trading Days:

Not every calendar day needs to be a trading day. A trading day is counted whenever you execute a trade, emphasizing active trading over consecutive days.

Payout Frequency:

Traders can opt for a 5-day payout on their first account purchase only and as a first payout only. After eight successful withdrawals, the payout limit doubles. After twelve successful withdrawals, traders are uncapped and can withdraw any amount. They may also be moved to a live account.

Why Do I Need to Journal My Trades?

At Fast Track Trading, the importance of keeping a detailed trade journal. This practice helps you track your progress, stay disciplined, and comply with our rules. You must provide a trade journal when requesting a payout. Here’s how to set up your trade journal and what to include:

What to Include in Your Trade Journal

Your trade journal should contain the following information:

1. Trading Day: Record the date for each trading day.

2. Total Profit for the Day: Note your total profit or loss for the day.

3. Starting Balance: Document your account balance when you received your account.

4. Account Balance: Document your account balance after all of your total profits are added up.

5. Consistency Rule Calculation: Calculate whether you meet the Consistency Rule based on your starting and ending balances for the day.

Use the FTT official Account Performance Tracker

Instead of using a traditional spreadsheet for journaling your trades, you can add the Account Performance Tracker  to FTT knowledgebase. 

With this, you get detailed analytics about your account, including chats and visual data. This page also generates you a personalized consistency tracker which you can save as an image in one click, and use when submitting your payout request.

All you need to do is select your Account Type, how many days you’ve traded, and write your total Profit/Loss for each day. You will then be shown detailed analytics for your account.

Click here if you’d like to use it: Account Performance Tracker

Trading Journal Example Entries

Consistency Rule

To ensure compliance with the Consistency Rule, your daily profit should not exceed 20% of your total gains. 

Download the Trade Journal Template

The best and easiest option is to use FTT Account Performance Tracker page, which automatically shows you detailed analytics about your account using just a few pieces of information about your account. 

This saves the time of making a consistency tracker, which is also automatically generated for you.

If you’d still like to go the traditional trade journaling route, FTT provide a spreadsheet trade journal template. 

You can get it here and start logging your trades.

By maintaining a thorough and accurate trade journal, you’ll be better positioned to succeed in your trading journey with Fast Track Trading.

Withdrawal Options and Processing Times

Understanding the withdrawal process is crucial for managing your earnings with Fast Track Trading (FTT). Here’s what you need to know about the minimum withdrawal amounts, methods, and processing times.

Withdrawal Methods

Fast Track Trading offers several methods for processing withdrawals, ensuring flexibility and convenience for traders. Currently, withdrawals are processed through our payment partner, Rise, and can be made via:

• ACH: Suitable for US customers only.

• Wire Transfer: Available for both domestic and international customers.

• Crypto: Offers fast access to your funds with additional verification.

Other methods are being considered and will be added based on demand.

KYC (Know Your Customer)

• Verification: All KYC processes are handled by Rise during the payment verification phase. This ensures compliance with regulatory standards and the security of your transactions.

Processing Times

Fast Track Trading aims to process withdrawals within 48 hours from when they are requested. However, the time it takes for the funds to reach your account depends on the method chosen:

• ACH: Typically takes 5-7 business days for US customers.

• Wire Transfer: Generally takes 2-3 business days.

• Crypto: Funds are usually available within 1-2 business days, but this method requires additional verification.

How to Request Your Payout

When you’re ready to request a payout from Fast Track Trading, follow these simple steps:

Prepare Your Information:

Gather the following:

• Full Account Number(s): Include all relevant account numbers associated with your payout request.

• Trade Journal Consistency Worksheet: Ensure your trade journal accurately reflects your trading activity and compliance with FTT consistency rules.
  See FTT Trade Journaling article for more information and a free journal templae.

• Payout Amount Requested: Specify the amount you wish to withdraw. Be aware of the withdrawal limits.

Send Your Request:

Email the above information to payouts@fasttracktrading.net.

Await Approval:

You will receive an email confirming whether your payout request has been approved or rejected based on your adherence to the consistency rules. An approval email looks like this:

1. Provide Required Information: Follow the instructions in the approval email to provide proof of identity and specify your crypto wallet or bank transfer details.

2. Final Confirmation: Once your information is verified, you will receive a confirmation email like this
   
   

   

1. Payout Certificate: Expect to receive a payout certificate in the discord server‘s payouts channel, confirming the successful processing of your payout request and a cool certificate of your accomplishment.

By following these steps, you can efficiently request and receive payouts from Fast Track Trading.

Account Orders

Processing Steps After Placing an Order with Fast Track Trading

When you place an order with Fast Track Trading (FTT), your order goes through several steps before it is completed. Here’s a breakdown of what to expect after you place an order:

Step 1: Order Created

This is the initial step where you select your payment method and complete the checkout process. Once your order is created, you will receive a confirmation email.

Step 2: Payment

In this step, you must complete a bank transfer or pay via crypto to the details specified depending on your selected payment method. Payment processing time is typically around 30 minutes for crypto transactions or 3-5 days for bank transfers for FTT to receive your funds. FTT uses KYC (Know Your Customer) to verify that you are the one making the payment, so you don’t need to worry about your payment not being matched to your account.

Step 3: Processing

After your payment is verified, your order status may show “This order cannot be paid for.” This means FTT has received your payment, and you are now in the queue for your accounts to be provisioned. Please be patient during this stage and avoid emailing staff regarding your order status.

Step 4: Order Completion

Once your order is processed, you will receive your login credentials. Before you can use your account, you need to activate it on R | Trader Pro. For detailed instructions on how to activate your account.

Order Processing Times at Fast Track Trading

Generally, you can expect to receive your Rithmic account credentials by email from FTT within 24 hours of your funds clearing our account. Please note that weekends and holidays may affect this timeframe.

Confirmation and Account Activation

Once your order is processed and your account setup is complete, you will receive an email notification stating “Your Fast Track Trading order is now complete.” This notification typically includes your Rithmic account credentials.

If you do not receive your Rithmic login credentials within a few hours after receiving this confirmation email, please contact support@fasttracktrading.net for assistance stating your order number and inquiry.

Account Activation in R | Trader Pro

It’s important to note that while you may receive your Rithmic login details promptly, your account will not be active until you manually sign the agreement forms in R | Trader Pro. 

Download R | Trader Pro:

• Begin by downloading R | Trader Pro from the official R | Trader Pro website. Ensure you download the version compatible with your operating system.

Login and Platform Setup:

• Open R | Trader Pro and login using the credentials (user ID and password) provided via email from Fast Track Trading.
  
  

  

• Select “Rithmic Paper Trading” from the dropdown menu and ensure “Chicago Area” is chosen under the server options.
  
  

  

Sign Agreement Form and Complete Self-Certification:

• After logging in, you will be prompted to sign an agreement form. Click on the agreement link and scroll down to accept both agreements presented.
  
  

  

• Select “Non-Professional” for the self-certification form (second agreement) as required.
  
  

  

Finalize Activation:

• Once agreements are accepted and forms submitted, your R Trader Pro account will be activated. You can now use your user ID to log in to R | Trader Pro and other trading platforms to start trading.

Additional Notes

• Platform Compatibility: Ensure your operating system meets the requirements for running R | Trader Pro.

  
  

• Troubleshooting:If you encounter any issues during the activation process, please contact support@fasttracktrading.net for assistance, or for a faster response, ask in the discord server.

Account Types

Rally Account Overview

The Rally account is an excellent starting point for traders who are new to Fast Track Trading or those looking to manage a smaller trading account with a starting balance of $25,000. Here’s a detailed yet concise guide to understanding how the Rally account works, including payout rules, consistency requirements, and risk management.

Account Details

• Starting Balance: $25,000

• Price: $179 USD (one-time payment)

• Contract Sizes: 2 contracts (20 micros)

Payouts

The Rally account offers both 5-day and 10-day payout options. 

However, there are some rules around consistency and maximum withdrawals.

• Consistency Rule: To qualify for a payout, no single day’s profit can exceed 20% of your total profits. For more details.

  • 5-Day Payout: $1,000

  • 10-Day Payout: $1,500

Profit Requirements

To be eligible for a payout, you need to meet the following requirements:

• Profit Target: Achieve a 5% profit on the starting account balance. This means you need to make $1,250 in profits and close with a balance of $26,250 at the end of the trading day. Even if your balance dips during the day, you must end with at least a 5% increase.

• Once you hit the profit target and take a payout, you can withdraw any leftover profits from the previous payout without having to make 5% or hit $1,250 in profit again. There is no minimum payout requirement.

Max Drawdown

The maximum drawdown is calculated based on your current balance, including your profits. It’s always set at -5% of your current balance. For example:

• When you first recieve your account, your maximum drawdown is $1,250, therefore making your minimum balance $23,750.

• If your account balance is $25,000 and you make $1,250, bringing your balance to $26,250, your new drawdown limit is $25,000.

By following these guidelines, you can effectively manage your Rally account, achieve consistent profits, and successfully request payouts.

Daytona Account Overview

The Daytona account is designed for traders looking to manage a substantial trading account with a starting balance of $50,000. Here’s a detailed yet concise guide to understanding how the Daytona account works, including payout rules, consistency requirements, and risk management.

Account Details

• Starting Balance: $50,000

• Price: $449 USD (one-time payment)

• Contract Sizes: 5 contracts (50 micros)

Payouts

The Daytona account offers both 5-day and 10-day payout options. However, there are some rules around consistency and maximum withdrawals.

• Consistency Rule: To qualify for a payout, no single day’s profit can exceed 20% of your total profits.

• Maximum Withdrawals:

  • 5-Day Payout: $1,250

  • 10-Day Payout: $2,000

Profit Requirements

To be eligible for a payout, you need to meet the following requirements:

• Profit Target: Achieve a 5% profit on the starting account balance. This means you need to make $2,500 in profits and close with a balance of $52,500 at the end of the trading day. Even if your balance dips during the day, you must end with at least a 5% increase.

• Once you hit the profit target and take a payout, you can withdraw any leftover profits from the previous payout without having to make 5% or hit $2,500 in profit again. There is no minimum payout requirement.

Max Drawdown

The maximum drawdown is calculated based on your current balance, including your profits. It’s always set at -5% of your current balance.

 For example:

• When you first recieve your account, your maximum drawdown is $2,500, therefore making your minimum balance $47,500.

• If your account balance is $50,000 and you make $2,500, bringing your balance to $52,500, your new drawdown limit is $50,000.

By following these guidelines, you can effectively manage your Daytona account, achieve consistent profits, and successfully request payouts.

Grand Prix Account Overview

The Grand Prix account is designed for traders who have some experience and are looking to manage a larger trading account with a starting balance of $150,000. Here’s a detailed yet concise guide to understanding how the Grand Prix account works, including payout rules, consistency requirements, and risk management.

Account Details

• Starting Balance: $150,000

• Price: $599 USD (one-time payment)

• Contract Sizes: 15 contracts (150 micros)

Payouts

The Grand Prix account offers both 5-day and 10-day payout options. However, there are strict rules around consistency and maximum withdrawals.

• Consistency Rule: To qualify for a payout, no single day’s profit can exceed 20% of your total profits.

• Maximum Withdrawals:

  • 5-Day Payout: $1,500

  • 10-Day Payout: $3,000

Profit Requirements

To be eligible for a payout, you need to meet the following requirements:

• Profit Target: Achieve a 5% profit on the starting account balance. This means you need to make $7,500 in profits and close with a balance of $157,500 at the end of the trading day. Even if your balance dips during the day, you must end with at least a 5% increase.

• Once you hit the profit target and take a payout, you can withdraw any leftover profits from the previous payout without having to make 5% or hit $7,500 in profit again. There is no minimum payout requirement.

Max Drawdown

The maximum drawdown is calculated based on your current balance, including your profits. It’s always set at -5% of your current balance. 

For example:

• When you first recieve your account, your maximum drawdown is $7,500, therefore making your minimum balance $142,500.

• If your account balance is $150,000 and you make $7,500, bringing your balance to $157,500, your new drawdown limit is $150,000.

By following these guidelines, you can effectively manage your Grand Prix account, achieve consistent profits, and successfully request payouts.

Formula 1 Account Overview

The Formula 1 account is designed for experienced traders looking to manage a large trading account with a starting balance of $300,000. Here’s a detailed yet concise guide to understanding how the Formula 1 account works, including payout rules, consistency requirements, and risk management.

Account Details

• Starting Balance: $300,000

• Price: $799 USD (one-time payment)

• Contract Sizes: 30 contracts (300 micros)

Payouts

The Formula 1 account offers both 5-day and 10-day payout options. However, there are strict rules around consistency and maximum withdrawals.

• Consistency Rule: To qualify for a payout, no single day’s profit can exceed 20% of your total profits.

• Maximum Withdrawals:

  • 5-Day Payout: $2,000

  • 10-Day Payout: $4,000

Profit Requirements

To be eligible for a payout, you need to meet the following requirements:

• Profit Target: Achieve a 5% profit on the starting account balance. This means you need to make $15,000 in profits and close with a balance of $315,000 at the end of the trading day. Even if your balance dips during the day, you must end with at least a 5% increase.

• Once you hit the profit target and take a payout, you can withdraw any leftover profits from the previous payout without having to make 5% or hit $15,000 in profit again. There is no minimum payout requirement.

Max Drawdown

The maximum drawdown is calculated based on your current balance, including your profits. It’s always set at -5% of your current balance. For example:

• When you first recieve your account, your maximum drawdown is $15,000, therefore making your minimum balance $285,000.

• If your account balance is $300,000 and you make $15,000, bringing your balance to $315,000, your new drawdown limit is $300,000.

By following these guidelines, you can effectively manage your Formula 1 account, achieve consistent profits, and successfully request payouts.

Disadvantages of Fast Track Trading

A key disadvantage of Fast Track Trading is the accelerated pace of its evaluation process, which can be overwhelming for traders who are still developing their skills. The pressure to meet targets quickly may lead to rushed decisions and mistakes, particularly for those less experienced in managing risk. Additionally, the program’s rapid progression might not allow enough time for traders to fully adjust to market conditions, increasing the likelihood of setbacks. This fast-paced environment, while appealing to seasoned traders, could be challenging and stressful for beginners or those who prefer a more gradual learning curve.

Conclusion

Fast Track Trading offers an efficient route for traders looking to accelerate their journey into live trading with funded accounts. Its fast-paced evaluation process is ideal for traders eager to bypass lengthy trial periods and get straight to real trading opportunities. The platform’s user-friendly interface and support for multiple trading styles make it accessible to both new and seasoned traders. However, the speed of the program might be overwhelming for some, particularly those still mastering the basics. Overall, Fast Track Trading delivers on its promise of quick progression but is best suited for confident, experienced traders.

FAQ

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