Scaling Plan - Forex Prop Firm (2024)

FAQs

Which prop firm has the best scaling plan? ›

FunderPro, FundedNext, Toptier Trader are some of the best prop firms scaling plans.

Prop Firms that offer Scaling

Scaling refers to a system where a trader's capital allocation or trading limit is gradually increased based on their performance and adherence to risk management rules.

Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. FTMO Accounts can be increased to a maximum initial balance of $2,000,000!

You open your position at the first entry level with a small total size, then add to it at each subsequent one. This is particularly useful if, say, you have identified two possible entry points – one that offers a higher return but comes with more risk, and a safer option with lower potential profits.

Studies have shown that around 4 out of 10 people pass the first stages of any Prop Firm Challenge, and 2 out of the 4 make it through to get a Funded Account. But only 1 person ends up getting paid.

Yes, there are many sites offering similar services to FTMO. These include FunderPro, SabioTrade, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

In its basic version the "0.6 rule" states that the increase in capacity of equipment is greater than the increase in equipment cost, in a form analogous to the relationship between volume and surface area.

The scaling plan is in place to ease traders into the live market environment and build their equity consistently without taking unnecessary risks. Since we implemented the Scaling Plan, the longevity of our traders has significantly increased.

Description Optimal scaling of a data vector, relative to a set of targets, is obtained through a least-squares transformation subject to appropriate measurement constraints. The targets are usually predicted values from a statistical model.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

Which countries are not allowed to join FTMO? ›

Due to business decisions based on risk management considerations, FTMO does not provide services to clients in Afghanistan, Antarctica, Antigua and Barbuda, the Republic of Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cape Verde, Central African Republic, Chad, Cook Islands, Comoros, Republic of the Congo, Cuba, ...

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard.

The 90 rule in Forex is a commonly cited statistic that states that 90% of Forex traders lose 90% of their money in the first 90 days. This is a sobering statistic, but it is important to understand why it is true and how to avoid falling into the same trap.

The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades. One time to trade, the same time every day.

The 1% risk rule means not risking more than 1% of account capital on a single trade. It doesn't mean only putting 1% of your capital into a trade. Put as much capital as you wish, but if the trade is losing more than 1% of your total capital, close the position.

As a matter of fact, FTMO is considered one of the best Forex prop firms for scalpers due to its unique evaluation process, and comprehensive support resources.

The 5%ers have an evaluation system with 1 Step, 2 Step, and 3 Step processes, allowing traders to choose the path that best suits them. The profit target is 10% for the Step 1 evaluation. In the Step 2 evaluation, the targets are 8% for Phase 1 and 5% for Phase 2.

Is Fidelcrest Legit and Safe? Fidelcrest, founded in 2018 and headquartered in Cyprus, does not have the operational experience of some well-established competitors but has a decent track record that allows me to recommend it to prop traders. It has a 4.5 out of 5.0 rating on Trustpilot based on 812 reviews.