You’ve chosen the 24/7 Perps Fast Challenge. This article covers the benefits of the account, the rules during your evaluation, what changes once you get your Master Account, and how rewards work.
🚀 WHY CHOOSE THE FAST ACCOUNT
Pass in 1 day. There are no minimum trading days, so you can pass the Challenge as soon as you reach the profit target, even on your first trading day.
On demand rewards. You can request a reward whenever you’re eligible.
24/7 trading. Trade any time, including weekends.
No time limit. There’s no deadline on the Challenge or on your Master Account.
Static Max Drawdown. Your Max Drawdown level is fixed to your initial balance and doesn’t trail your profit.
News trading in the Challenge. You can trade freely around news releases during your evaluation.
80% profit split. You keep 80% of the profit you make on your Master Account.
📋 RULES AT A GLANCE
Rule | Challenge phase | Master phase |
Profit Target | 10% | None |
Minimum trading days | None | None |
Daily Drawdown | 3% | 3% |
Max Drawdown (Static) | 5% | 5% |
Leverage | Up to 1:20 | Up to 1:20 |
News trading | Allowed | Restricted (no new positions 5 minutes before or after high impact news) |
Inactivity | Close 1 position every 7 days | Close 1 position every 7 days |
Time limit | None | None |
Profit split | None | 80% |
Reward cycle | None | On demand |
Minimum profit for first reward | None | 1% |
Account growth between rewards | None | 2% of your remaining balance |
Maximum reward | None | $10,000 per reward cycle |
You trade on the For Traders Perps platform. All times in this article are server time, which is CET, or CEST during summer time.
💰 ACCOUNT SIZES
The Fast account comes in four sizes. Your initial balance is the account size you chose, and every rule below is calculated from it.
Account size | Profit Target (10%) | Daily Drawdown (3%) | Max Drawdown (5%) |
$5K | $500 | $150 | $250 |
$10K | $1,000 | $300 | $500 |
$25K | $2,500 | $750 | $1,250 |
$50K | $5,000 | $1,500 | $2,500 |
📈 PROFIT TARGET (Challenge phase only)
To pass the Challenge, you need to reach a 10% profit target, based on your total profit.
Only closed positions count. Profit on open trades doesn’t count toward the target until you close those trades.
No minimum trading days. You pass as soon as you reach the target, even on your first day.
There is no profit target on the Master Account.
Example:
On a $10,000 account, you pass once your closed profit reaches $1,000. If you have $900 closed profit and an open trade showing $200 profit, you haven’t passed yet. You pass once you close that trade with a total closed profit of at least $1,000.
📉 DAILY DRAWDOWN (Challenge and Master phases)
Your Daily Drawdown is 3%. This is the most you can lose in a single trading day.
How the limit is calculated
The limit is a fixed percentage of your initial account balance, no matter how your account is performing. On a $10,000 account, your fixed daily loss limit is always $300.
How it’s applied each day
At the start of each new trading day, at 00:00 server time:
The system checks both your balance and your equity.
It takes whichever is higher.
It subtracts your fixed daily loss limit.
The result is your minimum allowed level for that day.
When it’s breached
If your equity drops below that day’s minimum level, you’ve breached the Daily Drawdown. Open positions count, so the breach happens the moment your equity drops below the level, even if you haven’t closed the trade. Breaching the Daily Drawdown is a hard breach.
Example 1: open loss at midnight
You have a $10,000 account, so your fixed daily loss limit is $300.
At 00:00, your balance is $10,400 and your equity is $10,250, because an open trade is $150 in loss.
The higher value is your balance: $10,400.
$10,400 minus $300 = $10,100.
Your equity must stay above $10,100 for the rest of the day.
Example 2: open profit at midnight
Same $10,000 account, same $300 limit.
At 00:00, your balance is $10,400 and your equity is $10,600, because an open trade is $200 in profit.
The higher value is your equity: $10,600.
$10,600 minus $300 = $10,300.
Your equity must stay above $10,300 for the rest of the day.
If that open trade then reverses and your equity falls to $10,290, you’ve breached the Daily Drawdown, even though your account is still above the $10,000 initial balance.
Tip: Open profit at midnight raises your minimum level for the day. If you hold winning trades through 00:00, keep in mind that a reversal counts against your new daily level.
📉 MAX DRAWDOWN | STATIC (Challenge and Master phases)
Your Max Drawdown is 5% and fixed against your initial account balance. It’s static, so it doesn’t move up as you make profit.
If your losses reach this limit, your account will be closed.
Breaching the Max Drawdown is a hard breach.
Example:
On a $10,000 account, your Max Drawdown is $500, so your account must stay above $9,500. The level stays at $9,500, even if your account later grows to $11,000.
After your first reward (Master phase)
Once you receive your first reward, your Max Drawdown level locks at your initial balance and stays there permanently. From then on, your account must stay above your initial balance.
Example:
You have a $10,000 Master Account.
Before your first reward: your Max Drawdown level is $9,500.
After your first reward: your Max Drawdown level locks at $10,000.
If your remaining balance after the reward is $10,300 (illustrative), you have $300 of room before you reach the Max Drawdown.
Later rewards don’t change the level. It stays at $10,000.
Your Daily Drawdown still applies at the same time. Whichever level you reach first applies.
⚖️ LEVERAGE (Challenge and Master phases)
Leverage goes up to 1:20, depending on the instrument. The exact leverage for each symbol is shown directly in the For Traders Perps platform.
The values below are examples only:
Instrument | Leverage |
Gold | 1:20 |
NAS100 | 1:12 |
SP500 | 1:12 |
BTC | 1:10 |
📰 NEWS TRADING
Challenge phase: News trading is allowed. You can trade freely around news releases.
Master phase: News trading is restricted.
You can keep holding existing positions through news releases.
You cannot open new positions from 5 minutes before until 5 minutes after a high impact news release.
Opening a position inside this window is a soft breach. Profits from those trades may be deducted.
Example:
If a high impact release is scheduled for 14:30 server time, you can’t open new positions between 14:25 and 14:35. Positions you opened before 14:25 can stay open.
⚠️ INACTIVITY RULE (Challenge and Master phases)
You must close at least 1 position every 7 days to keep your account active.
Breaking the inactivity rule is a hard breach.
🚨 HARD AND SOFT BREACHES
Rule | Breach type | Phase |
Daily Drawdown | Hard breach | Challenge and Master |
Max Drawdown | Hard breach | Challenge and Master |
Inactivity | Hard breach | Challenge and Master |
Opening a position in the news window | Soft breach (profits may be deducted) | Master |
⌛ NO TIME LIMIT
The Challenge has no deadline, so you can take as long as you need to reach the profit target. Your Master Account has no time limit either.
✅ FROM CHALLENGE TO MASTER ACCOUNT
Here’s what happens after you pass:
Pass the Challenge. Reach the 10% profit target without breaking any rules.
Complete KYC. Verify your identity.
Sign the contract. Review and sign your Master Account contract.
Get your Master Account. Once the contract is signed, your account moves to the Master phase.
💰 REWARD POLICY (Master phase)
Reward cycle: on demand. You can request a reward whenever you’re eligible.
Profit split: 80%. You keep 80% of the profit you make on your Master Account.
Minimum profit for your first reward: 1%. Your account needs to grow by at least 1% of your initial balance before you can request your first reward.
Account growth between rewards: 2%. After each reward, your account needs to grow by at least 2% of your remaining balance before you can request the next one.
Maximum reward: $10,000 per reward cycle. Each reward you receive can be up to $10,000.
Max Drawdown after your first reward. Your Max Drawdown level locks at your initial balance and stays there permanently. See the Max Drawdown section above.
Account size | Minimum profit for first reward (1%) | Maximum reward per cycle |
$5K | $50 | $10,000 |
$10K | $100 | $10,000 |
$25K | $250 | $10,000 |
$50K | $500 | $10,000 |
Example:
You have a $10,000 Master Account. The balance after the reward is illustrative.
First reward. You make $1,000 profit. That’s above the $100 minimum (1%), so you can request a reward. Your 80% share is $800.
After the reward. Your remaining balance is $10,300, and your Max Drawdown level locks at $10,000.
Next reward. Your account needs to grow by 2% of $10,300, which is $206. You can request your next reward once your balance reaches at least $10,506.
Got questions about your account? Reach out to our support team anytime. We’re happy to help.