Written by CEZARY J.
Fact checked by CEZARY J.

For Traders

For Traders is a prop-trading firm that is gaining recognition for its original and flexible challenges.
4.2
Overall score
For Traders Introduction

The For Traders company was founded in 2023 in the Czech Republic. It also has its headquarters in Dubai. For Traders offers one and two-phase challenges that provide a unique way for traders to modify their challenge by allowing them to customize almost all of the key challenge conditions. It offers five account sizes, ranging from $6,000 to $100,000. The maximum sum of funds is $200,000 per customer.

The platform uses Capital Markets as its liquidity provider, enabling trading on forex, indices, commodities, and cryptocurrencies. Customers can use the MetaTrader 5 and DXtrade platforms.

The company allows deposits using major credit cards and cryptocurrency. Withdrawals can be made via cryptocurrency or bank transfer, with a minimum payout threshold of $100. Trustpilot reviews highlight the platform’s quick and efficient withdrawal process.

For Traders offers customer support via email and live chat, along with a physical office in Dubai. Support is available 24/5, excluding weekends. Users can also reach out through various social media platforms like YouTube, Discord, Facebook, Instagram, and X.

For Traders offers a unique way to modify their challenge
Challenge prices below the market average
Scaling Plan: No Minimum Profit Requirements
No accounts larger than $100,000
Max allocation $200,000
Minimum number of profitable days: 3
Company Profile

For Traders

Location of Operations:

BLN Tech Club DMCC

Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates

Company Info:

Date of Incorporation: 2023

Type: Financial Services

Restricted countries: Pakistan, Iran, Syria, Myanmar, North Korea, the Russian Federation, the Republic of Belarus, Cuba, Lebanon, Libya, Sudan, Crimea, Donetsk, and Luhansk regions of Ukraine.

CEO of For Traders: Jakub Roz is a serial tech entrepreneur and stock investor, widely recognized for his expertise in both fields. He is the CEO and Co-Founder of For Traders, and founder of Strike.market, a leading stock research website that empowers investors with alternative data.

LinkedIn: https://www.linkedin.com/in/jakubroz

Key information
Overall score
4.22
Challenge fees
3.0
Challenge difficulty
4.33
Dashboard UX
4.0
Commision & spread
3.1
Scaling plan
3.0
Two-Step Challenge
Challenge name Two-Step Challenge
$100k Challenge Fee $476 (after discount)
FX leverage 1:40
EA trading Yes
News trading No (allowed on evaluation phases)
Weekend holding Yes
Phase 1
Trading period
UNLIMITED
Min. trading days
3
Profit target
8%
Maximum loss
10%
Maximum daily loss
5%
Phase 2
Trading period
UNLIMITED
Min. trading days
3
Profit target
5%
Maximum loss
10%
Maximum daily loss
5%
Payout
Profit split
90/10
First withdrawl
14 days
Min. days to payout
20
Refundable Fee
100%
For Traders in detail
Challenge type

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.

For Traders offers a unique way to modify their challenge
Profit Split up to 90/10
No accounts larger than $100,000
Max allocation $200,000
Phase 1, 2: Minimum number of profitable days: 3
Trading during weekends No
Weekend Holding Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

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.

Phase 1: Profit Target 6%
Affordable Pricing
No min. trading days
Daily Profit Cap
3% Daily Pause
Phase 2: Profit Target 6%
Trading during weekends No
Weekend Holding Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

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 offers a unique way to modify their challenge
Profit Split up to 90/10
Overall Drawdown 6%
Daily Drawdown 3%
Phase 1: Minimum number of profitable days: 3
Trading during weekends No
Weekend Holding Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes
Scaling Plan
3

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

Criteria Benefits
4 months of simulated profitable trading 25% increase in account balance
No failed funded accounts in the last 4 months $5,000 limit for crypto withdrawals
No aggressive trading Dedicated account manager
At least 4 payouts totaling 13% profit in the last 4 months Monthly 1-hour mentoring session with the Head Trader
Exclusive For Trader merchandise
Max allocation: $200,000 (virtual capital)
Special certificate of achievement

Stage 2 – Silver Tier

Criteria Benefits
8 months of simulated profitable trading $750 monthly salary
No failed funded accounts in the last 8 months 50% increase in account balance
No aggressive trading Unlimited crypto withdrawals
At least 6 payouts totaling 20% profit in the last 8 months Personal account manager
Monthly mentoring session with the Head Trader
Monthly session with a Psychology Coach
Exclusive For Trader merchandise
Max allocation: $300,000 (virtual capital)

Stage 3 – Gold Tier

Criteria Benefits
12 months of simulated profitable trading $1,500 monthly salary
No failed funded accounts in the last 12 months 75% increase in account balance
No aggressive trading Unlimited crypto withdrawals
At least 8 payouts totaling 30% profit in the last 12 months Personal account manager
Free challenge entry upon account failure
Monthly sessions with both the Head Trader and Psychology Coach
Exclusive For Trader merchandise
Max allocation: $300,000 (virtual capital)
Challenge fees
3

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.

Challenge Size Market Average Price Challenge Price Difference
$6 000 $56 $53* -$3
$15 000 $113 $105* -$8
$25 000 $209 $188* -$21
$50 000 $310 $269* -$41
$100 000 $515 $494* -$21

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.

Challenge Size Market Average Price [Drawdown$/$] Challenge Price [Drawdown$/$] Difference [Drawdown$/$]
6 000$ 8 9,4 +1,4
15 000$ 8,6 10,2 +1,6
25 000$ 11,4 13,3 +1,9
50 000$ 15,4 18,6 +3,2
100 000$ 18,5 21 +2,5

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.

Assets

Forex

EURUSD USDJPY GBPUSD USDCHF AUDUSD
USDCAD NZDUSD AUDCAD AUDCHF AUDJPY
AUDNZD AUDSGD AUDZAR CADCHF CADJPY
CHFHUF CHFJPY CHFZAR EURAUD EURCAD
EURCHF EURCZK EURGBP EURHUF EURJPY
EURMXN EURNOK EURNZD EURPLN EURRUB
EURSEK EURSGD EURZAR GBPAUD GBPCAD
GBPCHF GBPJPY GBPNZD GBPSGD GBPZAR
NOKSEK NZDCAD NZDCHF NZDJPY NZDSEK
NZDSGD SGDJPY USDCZK USDHKD USDHUF
USDILS USDMXN USDNOK USDPLN USDRUB
USDSEK USDSGD USDZAR ZARJPY

Commodities

XAUUSD XAGUSD XPDUSD XPTUSD CL
BRENT NGAS

Indices

DAX DOW FTSE NSDQ HK50
NIKKEI SP STOXX50 CAC ASX

Cryptocurrencies

BTCUSD ETHUSD BCHUSD LTCUSD
Trading conditions

Server Provider

For Traders uses Capital Markets as liquidity providers.

Capital Markets has extensive experience in the capital markets. It has developed a strong brokerage activity. It deals with long-term management of clients’ funds, providing them access to a high-quality, specialized portfolio of services. 

Besides portfolio management, Capital Markets offers services for the purchase and sale of shares based on client instructions. It enables direct trading on 22 stock exchanges in Europe and the USA. Moreover, it regularly monitors the world’s largest initial public offerings of companies from all sectors, as well as investments in mutual funds. 

Capital Markets provides services not only to clients but also to financial intermediaries. The company’s priority is the transparency of the investment program and the above-average remuneration of financial intermediaries. 

Capital Markets, o.c.p., a.s., is a regulated entity and is subject to the supervision of the National Bank of Slovakia. The company’s operations are conducted in accordance with a license for the provision of investment services granted by the National Bank of Slovakia. Since 2008, it has been an active participant in the Securities Broker Association, and also a member of the American Chamber of Commerce.

Platforms

Read more

 

Deposits and Withdrawals

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:

Bitcoin Bitcoin Lightning Ethereum Litecoin
Tron Solana Tether USD Coin

Withdrawals

Read more

 

Support

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 TimingsSupport is here for you 24/5, excluding weekends.

Email Support

Read more

 

Social Media and Communication

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:

Platform Followers Engagement Rate
Facebook 1 800 20,02
X 11 100 1,25
Instagram 74 200 0,30
Youtube 5 150 3,85
Client Reviews Summary
4.4

Evaluations of the For Traders platform:

Review platform Rating Number of reviews
Trustpilot 4,4 400

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:

Read more

 

Additional features

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

Read more

 

Summary

For Traders is already a recognizable brand in the world of prop trading. It stands out with its interesting and original challenge offerings. The company provides one and two-phase challenges, as well as a unique way to modify the challenge, allowing traders to customize almost all key challenge conditions, from profit target and drawdowns to refundable fees. It is worth noting that in the Scaling Plan, you can increase the account size up to 1.5 million dollars, with no minimum profit requirement for scaling. The profit split is 80/20, with 70/30 and 90/10 options available.

The downsides of the challenges include the account size – the maximum is $100,000, and the maximum allocation per user, which is only $200,000. The challenges also require a minimum of 3 trading days. Additionally, For Traders has relatively slow customer service compared to its competitors.

For Traders is well-rated by users and is recommended for clients who prefer flexible challenge conditions.

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