For Traders Review 2024

For Traders is a prop trading firm headquartered in the United Arab Emirates with 2 other offices around the world. The team describes the firm's job as this: "You focus on trading, while we cover the losses".

For Traders provides funding through scaling up to $1.5M, and a maximum profit split of 90%. To learn more about the firm, read this comprehensive review.

Company Overview

For Traders, is a relatively new prop firm founded in 2023. Based in the Dubai, United Arab Emirates and led by CEO Jakub Roz, this firm has been operating for over a year, providing traders with access to substantial capital and competitive trading conditions.

For Traders Review: everything about this young prop firm

In addition to the headquarters in Dubai, For Traders operates 2 other offices:

• Prague, Czech Republic: The development and marketing branch
• Kuala Lumpur, Australia: The customer support office

Summary of Key Specifics

When choosing a prop firm, it's helpful to have an overview of its general parameters. Table of Specifics:

Benefits and Drawbacks

When reviewing a prop firm or any other type of financial company, there are always some advantages and some disadvantages. In this section, we will explore those of For Traders:

Funding & Price Overview

For Traders offers a compelling funding structure that combines accessibility with significant growth potential. Here's an overview:

• Initial Account Sizes: Choose from a range of $6,000 to $100,000 accounts (scalable to $1.5M)
• Challenge Fee: One-time fees range from $49 for the $6,000 account to $549 for the $200,000 account

Evaluation Stages: Rules and Details

The evaluation process at For Traders is done in 3 different models: 1-Step, 2-Step, and 2-Step Pro. We will explore each model in a table. 1-Step:

2-Step:

2-Step Pro:

They have set a rule of 3 minimum profitable days for 1-Step and 2-Step accounts. You can hold your positions over the weekend on all accounts. Also, a trading leverage of up to 1:125 is available.

Note that increasing or decreasing the customizable parameters for each challenge will affect the one-time fee.

Bonuses and Promo Codes

For Traders offers several two bonuses on its challenges for its users. We will have a look at each one here:

• 15% Profit Share: After passing the challenge, 15% of the profits earned during it will be paid with the first payout to the client
• 100% Bonus (Upgradable to 125%): In case of passing the challenge, a cash bonus of the selected amount will be paid to the user

Also, here are some promo codes for getting a discount on costs in For Traders:

• Get a discount on challenge fees with [B2T]
• Get 16% off on accounts with additional daily loss and total drawdown via [MATCH]

Tradable Symbols and Instruments

For Traders provides traders with a decent range of tradable instruments. It includes many of the popular trading pairs, discussed below:

• Forex: Major, minor, and exotic currency pairs
• Indices: 10 symbols, including Global stock market indices such as S&P 500, NASDAQ, and DAX
• Commodities: Gold, silver, platinum, oil, and natural gas.

For Traders Payment Methods

This prop firm ensures smooth financial transactions with multiple withdrawal and payment options. It uses some of the most utilized methods among other prop firms. Withdrawals:

• Rise: For payouts bigger than $500, with many withdrawal options
• Direct Bank Transfer: Higher fee compared to Rise
• Direct Crypto Transfer: For payouts less then $500, with the lowest fee among all options

Payments:

• Stripe: VISA and Mastercard
• Confirmo: Cryptocurrencies such as BTC, ETH, USDT, etc.

Commission & Fees; Does For Traders Employ a Fair Fee Structure?

Paying attention to costs is crucial in trading, as it determines the raw profit. In the list below, we will have an overview of the commission and fees on For Traders:

• Spreads: Competitive, market-dependent spreads
• Commissions: $5 per standard lot round turn for all assets except indices
• Withdrawal Fees: $25 for Rise, $50 for direct bank transfers, and $20 for direct crypto transactions

Trust Scores and Performance Ratings

For Traders has garnered some positive reviews from the trading community on the Trustpilot website, showing its acceptable quality of services. However, there are not scores on any other reputable websites. For Traders Rating on Trustpilot:

• 4.2 out of 5;
• Over 400 reviews;
• The firm replies to negative reviews in less than 2 weeks;
• More than 70% of the scores are 5-star.

The lack of scores on other resources might be because of the short track record of the firm, which is not necessarily a drawback.

Customer Support Channels and Working Hours

Customer support should be a priority when choosing a prop trading firm. For Traders takes a typical approach in this regard, offering these contact channels:

• Email: support@fortraders.com
• Live Chat: Available on the website

This company states that the support team is available 24 hours, 5 days of the week. This could be a downside, considering many other firms with 24/7 support.

Social Media Accounts

For Traders maintains several social accounts on various platforms. You can find the link to each page in the list below:

• X (Formerly Twitter): https://twitter.com/fortraderscom
• Instagram: https://www.instagram.com/fortraderscom
• YouTube: https://youtube.com/@fortraderscom
• Discord: http://discord.gg/fortraders
• Facebook: https://www.facebook.com/fortraderscom
• TikTok: https://www.tiktok.com/@fortraderscom

Expert Suggestions

For Traders is one of prop trading firms with various benefits such as 3 evaluation models, three different trading platforms, and access to calculators.

However, they do not offer 24/7 customer services, which can be fine for some traders, and its not as established as some of its peers with longer track records in the financial industry.

Nevertheless, For Traders prop firm is a suitable option for many users, but you should always conduct your own research before payments.