Two-Step Challenge

Two-Step requires completion of 2 phases to receive a funded account. Account purchase is only available in USD. There are 5 account sizes to choose from $6,000 to $100,000. The maximum total funds available is $200,000.

For Traders Two-Step Challenge has a leverage level of up to 1:125. The total amount of funds available to the investor cannot exceed 200,000$. This means, for example, an investor can have three 100,000$ accounts at most. For Traders offers a unique way to modify their challenge by allowing Traders to customize almost all of the key challenge conditions. For additional payment or price reduction, compared to default offer, users can modify the profit target of the first and the second phase, max drawdown, daily drawdown, payout schedule, profit split percentage and even refund percentage. All of the phase goals above would be shown the way they are shown on the For Traders website as the default offer:

First Phase Targets/Conditions:

• Achieve a 8% profit without specified time frames (10% as an option).
• Daily Drawdown up to 4% of the current account balance (5% as an option).
• Overall Drawdown up to 8% of the initial account balance (9% as an option).
• Minimum Profitable Days: You must trade for a minimum of 3 days (settle an order on a trading day). For each trading day to count, it must show a profit of at least 0.5%.
• Challenge Leverage: up to 1:125.

Second Phase Targets/Conditions:

• Achieve a 5% profit without specified time frames (7% as an option).
• Daily Drawdown up to 4% of the current account balance (5% as an option).
• Overall Drawdown up to 8% of the initial account balance (9% as an option).
• Minimum Profitable Days: You must trade for a minimum of 3 days (settle an order on a trading day). For each trading day to count, it must show a profit of at least 0.5%.
• Challenge Leverage: up to 1:125.

Funded Account Targets/Conditions:

• No specific profitability targets.
• Daily Drawdown up to 4% of the current account balance (5% as an option).
• Overall Drawdown up to 9% of the initial account balance (10% as an option).
• No minimum number of trading days required.
• Challenge Leverage: up to 1:125.

After progressing to this stage, the investor receives a 100% Refundable Fee (125% option is available). The first payout can be made 14 days after the first trade. Subsequent payouts can be made every two weeks (every week payout option is available). The profit split is 80/20, with 70/30 and 90/10 options available.

Two-Step Pro Challenge

Two-Step Pro requires completion of 2 phases to receive a funded account. Account purchase is only available in USD. There are 5 account sizes to choose from $6,000 to $100,000. The maximum total funds available is $200,000.

Two-Step Pro Specifications:

• Profit Target: 6% in both the first and second phases.
• 3% Daily Pause: breaching this limit will disable trading until the end of the day.
• Max Drawdown: 8%.
• Daily Profit Cap: The maximum percentage of the starting balance that can be earned in one trading day is capped at 2%.
• No min. trading days
• No 40% Margin rule
• Challenge Leverage: up to 1:125.
• Affordable Pricing: The Two-Step Pro challenge is priced significantly lower than the original Two-Step Challenge. For instance, the price for the $100k Two-Step Challenge Pro is $440, compared to $476 for the original $100k Two-Phase Challenge.

After progressing to this stage, the investor receives a 100% Refundable Fee (125% option is available). The first payout can be made 14 days after the first trade. Subsequent payouts can be made every two weeks (every week payout option is available). The profit split is 80/20, with 70/30 and 90/10 options available.

One-Step Challenge

One-Step requires completion of 1 phases to receive a funded account. Account purchase is only available in USD. There are 5 account sizes to choose from $6,000 to $100,000. The maximum total funds available is $200,000.

For Traders One-Step Challenge has a leverage level of up to 1:125. The total amount of funds available to the investor cannot exceed 200,000$. This means, for example, an investor can have three 100,000$ accounts at most. For Traders offers a unique way to modify their challenge by allowing Traders to customize almost all of the key challenge conditions. For additional payment or price reduction, compared to default offer, users can modify the profit target of the first and the second phase, max drawdown, daily drawdown, payout schedule, profit split percentage and even refund percentage. All of the phase goals above would be shown the way they are shown on the For Traders website as the default offer:

First Phase Targets/Conditions:

• Achieve a 9% profit without specified time frames (11% as an option).
• Daily Drawdown up to 3% of the current account balance.
• Overall Drawdown up to 6% of the initial account balance.
• Minimum Profitable Days: You must trade for a minimum of 3 days (settle an order on a trading day). For each trading day to count, it must show a profit of at least 0.5%.
• Challenge Leverage: up to 1:125.

Funded Account Targets/Conditions:

• No specific profitability targets.
• Daily Drawdown up to 3% of the current account balance.
• Overall Drawdown up to 6% of the initial account balance.
• No minimum number of trading days required.
• Challenge Leverage: up to 1:125.

After progressing to this stage, the investor receives a 100% Refundable Fee (125% option is available). The first payout can be made 14 days after the first trade. Subsequent payouts can be made every two weeks (every week payout option is available). The profit split is 80/20, with 70/30 and 90/10 options available.

For Traders does not offer a traditional scaling plan. Instead, it has introduced the Premium Program, a three-stage alternative to common scaling plans. This program offers an increase in initial balance, higher crypto withdrawal limits, increased max allocation, and enhanced support.

Stage 1 – Bronze Tier

Stage 2 – Silver Tier

Stage 3 – Gold Tier

Comparison of Direct Challenge Costs

We compare the direct costs of participating in the challenge offered by For Traders – Two-Step with the average market costs. This analysis enables understanding of how For Traders fares against its competitors in terms of pricing. The costs for the challenge at For Traders for the Two-Step Challenge are below the market average.

*The price includes a discount available on the website.

Comparison of Costs Relative to Drawdown

It is important to note that the size of drawdown has a significant impact on what we actually receive for the money spent. The Evaluation Challenge has a drawdown at the level of 8%. Therefore, we additionally compare how much drawdown we receive in relation to the dollar spent.

Evaluation of the Cost-Effectiveness of the For Traders Account Challenge

Based on the above data, as well as algorithms we have developed, we assess the cost-effectiveness of purchasing the For Traders Challenge as good compared to the market average. The expenditure efficiency in the context of drawdown indicates a better cost-effectiveness than the market average. It is worth noting that For Traders does not offer a challenge with an overall drawdown of 10%, and the comparison was made with an account having an 8% drawdown.

Forex

Commodities

Indices

Cryptocurrencies

Server Provider

For Traders uses Purple Trading as liquidity providers.

Purple Trading is a Forex broker licensed by the Cypriot regulator CySEC, utilizing Straight Through Processing (STP) technology. Registered in 2016 in Cyprus, it now has offices in the Czech Republic and Slovakia.

Through Purple Trading, investors can trade currencies, CFDs, and stocks. The broker also offers several investment solutions for generating passive income. Clients can copy trades of professional market participants via PAMM accounts, invest in ETFs, and engage in two types of partnerships. Moreover, Purple Trading allows algorithmic trading using advisors, scripts, and robots compatible with MT4 and cTrader.

Deposits

For Traders accepts all major credit, bank, and cryptocurrency. Once you make a payment, you will immediately gain access to your account. Currently besides card payment ForTraders accepts only cryptocurrencies for a small commission fee (~2$), which is refundable with the first profit split.

Payments can be made with cryptocurrencies such as:

Withdrawals

For Traders provides customer support through email and live chat. Below is a list of available channels:

• Physical Office Address – Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates
• Email ID – support@fortraders.com
• Live Chat –  Directly available from the site.

For Traders Support Timings – Support is here for you 24/5, excluding weekends.

Email Support

For Traders actively maintains a social media presence on platforms such as Facebook, X, Instagram and Youtube, as well as on TikTok, Discord and LinkedIn.

Facebook – For Traders actively manages a group on Facebook. Mostly, the information here is similar to that on the Instagram page and X. The frequency of posts is 20-30 per month.

X – In this social network, various types of contests, giveaways, client payouts, news about changes and innovations, as well as advertisements for new videos on YouTube are published.

Instagram – On the Instagram page, a sufficient amount of information is published about promotions, contests, promo codes, giveaways, as well as announcements about new interviews. Frequency of posts 30-40 per month.

YouTube – On the YouTube channel, you can find interviews with traders and interesting videos on how to increase your trading efficiency. The frequency of publication is up to 5 videos per month.

TikTok – On the TikTok platform, the company publishes brief information about contests, as well as partial materials for understanding trading in the markets. Activity is very low. Videos are published very rarely. Only a few videos in half a year.

Discord – On this channel, there is a lot of varied and useful information such as news, giveaways, contests. Traders also share information about their payments from the company. There is support, a general chat, a chat with trading ideas from traders, a gaming chat, funny memes, and educational materials. The activity on the Discord channel is high.

LinkedIn – On this platform, you can find information about the company, the employees, and the job vacancies that the company needs.

Engagement rate in social media:

Evaluations of the For Traders platform:

With an overall rating of 4.4 out of 5, For Traders demonstrates a predominantly positive reception among its user base, reflecting well on various aspects of its operations, including customer support. This high rating suggests that the positive experiences significantly outweigh the negative ones for the majority of users. However, it is important to consider this in the context of the detailed aspects of customer support:

Positive Contributions to High Rating:

Dashboard

The Dashboard is a tool designed to offer users a central hub for accessing information related to their trading activities. 

Within the Dashboard, users can access the following key components:

Trading setup button, by pressing which user can find tutorial on how to set up trading tools as well as credentials to the user’s trading platform.

Challenge details button, by pressing which user will gain access to basic challenge details, such as starting balance, plan, status, challenge start date, challenge end date, platform and broker

Challenge progress section: This section provides a showcase of the user’s trading journey, offering details on current challenge phase as well as real time data on trading days, maximum total drawdown, daily loss and profit.

Your trading account section: A showcase of the user’s trading progress is featured, including a graphical representation of the user’s performance throughout their challenge. Data such as balance, equity, maximum total drawdown, profit, and daily loss are depicted on this graph.

Trading Journal