CTI’s day trading funding program account is structured to recognize and reward proficient and dedicated traders based on their performance over a comprehensive two-phase evaluation period. Participants in this program are afforded the opportunity to engage in trading with a leverage ratio of 1:33.
During the initial assessment phase, traders are required to attain a profit target of 10%, all while ensuring they do not exceed the maximum daily loss of 4% or the overall loss limit of 10%. This objective must be met within a 45-calendar-day period from the initiation of trades in the evaluation account. Furthermore, a minimum of five trading days must be completed to advance to the second phase.
In the subsequent evaluation phase, traders must achieve a profit target of 5%, adhering to the same maximum daily loss and overall loss regulations. This target must be reached within 45 calendar days from the initiation of trades in the evaluation account, and a minimum of five trading days is a prerequisite for eligibility for a funded account.
Successful completion of both evaluation phases results in the granting of a funded account. In the funded account, there are no specific profit targets to be met; traders are only required to observe the 4% maximum daily loss and 10% maximum loss rules. Initially, traders receive an 80% profit split on the initial 10% of profits. Upon qualification for the growth plan, the profit split increases to 90% for a tier 1 growth plan and can potentially reach 100% for a tier 2 growth plan. Additionally, funded traders are eligible for monthly salary bonuses ranging from $100 to $1,000, depending on the size of the account they are managing.
The day trading funding program also incorporates a scaling plan. To qualify for an account increase, traders must achieve a profit target of 10% or more within four months, with at least two of those months being profitable. Traders must have made at least two withdrawals and maintained a positive account balance at the end of the fourth month. Successful traders will receive an account increase equivalent to 30% of the original account balance.
Example: After 4 months: If you have a $50,000 account, your account balance will increase to $65,000. After the next 4 months: The balance of $65,000 increases to $80,000. After the subsequent 4 months: The balance of $80,000 increases to $95,000. And so forth…
Trading instruments for the day trading funding program accounts encompass forex pairs, commodities, and indices.
Day trading funding program account regulations
The profit target denotes a specific percentage of profit that traders must achieve before concluding an evaluation phase, withdrawing profits, or expanding their accounts. In Phase 1, the profit target is set at 10%, while Phase 2 requires a profit target of 5%. Funded accounts do not have profit targets.
The maximum daily loss represents the highest allowable loss a trader can incur in a single day without breaching the account rules. For all account sizes, the maximum daily loss is limited to 4%.
Maximum loss indicates the upper limit on the overall loss a trader can experience before violating the account rules. Across all account sizes, the maximum loss is capped at 10%.
Minimum trading days refer to the minimum duration for which traders must engage in trading before completing an evaluation phase or requesting a withdrawal. Both phases require a minimum of five trading days.
Maximum trading days represent the maximum duration within which traders must achieve a specific profit target or withdrawal objective. Both phases have a maximum trading period of 45 days.
The “no weekend holding” policy prohibits traders from maintaining open positions during weekends.
Third-party copy trading risk implies that when utilizing copy trading services, it is important to be aware that other traders may already be using the same trading strategy through the third-party service. By employing a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA risk signifies that when using an Expert Advisor (EA) developed by a third party, it is important to recognize that other traders may already be employing the same trading strategy through the same EA. By using a third-party EA, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.