For Traders is a prop trading firm with 3 offices [United Arab Emirates, Czech Republic, Australia] around the world. The funding provided by this company is scalable up to $1,500,000.
One-time fees for accounts range from $59 to $529, depending on the size.
Company Overview
For Traders is a relatively new prop firm founded in 2023. Based in 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.
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:
Account Currency | USD |
Minimum Price | $59 |
Maximum Leverage | 1:125 |
Maximum Profit Split | 90% |
Instruments | Forex, Indices, Commodities |
Assets | Not Specified |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | Rise, Direct Bank Transfer, Crypto Transactions |
Maximum Fund Size | $1.5M Through Scaling |
First Profit Target | From 6% |
Max. Daily Loss | Up to 4% |
Challenge Time Limit | No Limits |
News Trading | Yes |
Maximum Total Drawdown | Up to 8% |
Trading Platforms | DXTrade, TradeLocker, cTrader |
Commission Per Round Lot | $5 for All Assets Except Indices |
Trustpilot Score | 4.2/5 |
Payout Frequency | Bi-Weekly |
Established Country | United Arab Emirates |
Established Year | 2023 |
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:
Benefits | Drawbacks |
Different Evaluation Models | Relatively New Prop Firm |
Decent Trust Scores | No 24/7 Customer Support |
Customizable challenges | - |
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 $59 for the $6,000 account to $529 for the $200,000 account (1-step.)
How to Sign Up and Verify Your Account
Registering with For Traders is a simple and short process, similar to the situation with most other prop firms.
#1 Choose Your For Traders Evaluation Plan
Head to the official website, scroll to the challenge options, and select your preferred plan. You can apply any available promo codes (e.g., “B2T”) at checkout for discounts.
#2 Submit Your For Traders Application
Fill in your personal information, trading parameters (account size, profit target, platform), and billing details. Double-check accuracy to avoid verification delays.
#3 Complete For Traders Payment and Start
Pay the challenge fee to activate your account. You’ll be redirected to your dashboard to monitor progress.
#4 Verify Your Identity on For Traders (KYC)
Upload a government-issued ID, proof of address (e.g., utility bill), and complete a selfie check. This is required to unlock funded access.
Now, you have your account on For Traders. For verification, you will need to submit the required documents after passing the challenge(s).
Evaluation Stages: Conditions 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:
- | $6K | $15K | $25K | $50K | $100K |
Profit Target (Customizable) | 9% | ||||
Max. Total Drawdown | 6% | ||||
Max. Daily Loss | 3% | ||||
Profit Split (Customizable) | 80% | ||||
Time Limit | Unlimited | ||||
Fee | $59 | $117 | $209 | $299 | $529 |
2-Step:
- | $6K | $15K | $25K | $50K | $100K |
Profit Target (for First and Second Step, Customizable for First Step) | 8-5% | ||||
Max. Total Drawdown | 8% | ||||
Max. Daily Loss | 4% | ||||
Profit Split (Customizable) | 80% | ||||
Time Limit | Unlimited | ||||
Fee | $67 | $117 | $205 | $308 | $549 |
2-Step Pro:
- | $6K | $15K | $25K | $50K | $100K |
Profit Target (for both steps) | 6% | ||||
Max. Total Drawdown | 8% | ||||
Max. Daily Loss | N/A | ||||
Daily Profit Cap | 2% | ||||
Daily Pause | 3% | ||||
Profit Split (Customizable) | 80% | ||||
Time Limit | Unlimited | ||||
Fee | $59 | $99 | $236 | $269 | $465 |
3-steps:
Virtual Capital | Profit Target Phase 1 | Profit Target Phase 2 | Profit Target Phase 3 | Daily Drawdown | Max Drawdown | Profit Split | Time Limit | Price |
$6K | 2% | 4% | 6% | 3% | 5% | 80% | 180 days | $23 |
$15K | 2% | 4% | 6% | 3% | 5% | 80% | 180 days | $79 |
$25K | 2% | 4% | 6% | 3% | 5% | 80% | 180 days | $149 |
$50K | 2% | 4% | 6% | 3% | 5% | 80% | 180 days | $235 |
$100K | 2% | 4% | 6% | 3% | 5% | 80% | 180 days | $349 |
Instant Master Account:
Virtual Capital | Profit Target | Daily Drawdown | Max Drawdown | Trailing | Profit Split | Time Limit | One-Time Fee |
$3K | No | 3% | 5% | No | Up to 90% | Unlimited | $46 |
$6K | No | 3% | 5% | No | Up to 90% | Unlimited | $89 |
$15K | No | 3% | 5% | No | Up to 90% | Unlimited | $139 |
$25K | No | 3% | 5% | No | Up to 90% | Unlimited | $239 |
$50K | No | 3% | 5% | No | Up to 90% | Unlimited | $399 |
$100K | No | 3% | 5% | No | Up to 90% | Unlimited | $689 |
Each model includes specific rules that are often overlooked by competitors. For example:
- 1-Step & 2-Step Challenges require a minimum of 3 profitable days per phase (≥0.5% profit/day);
- 2-Step PRO has no minimum trading day requirement;
- Instant Funded Accounts require 7 profitable days (≥0.5% per day).
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]
For Traders Rules
Just like many Prop Firms, For Traders sets certain conditions to ensure fair trading; Key Points of For Traders Policy:
- VPN Usage: Not addressed;
- Hedging & Arbitrage: Hedging and reverse arbitrage are prohibited. Latency arbitrage is also not allowed;
- Expert Advisors (EAs): Semi-automated EAs are allowed for analysis and alerts, but fully automated bots are prohibited;
- News Trading: Specific rules apply regarding news trading during different evaluation stages, with restrictions on trading 5 minutes before and after high-impact news.
VPN Usage
There is no mention of VPN usage on the website, but users should maintain secure access methods for their trading accounts to ensure integrity and compliance.
Hedging & Arbitrage
Hedging is strictly prohibited, as it does not guarantee protection against losses. Additionally, both reverse arbitrage and latency arbitrage are not permitted.
Reverse arbitrage involves selling an asset at a higher price in one market while simultaneously buying it at a lower price in another.
Latency arbitrage takes advantage of delays in market data by executing trades based on faster information access, which is also forbidden.
Expert Advisors (EAs)
The use of semi-automated Expert Advisors (EAs) is permitted, provided they assist with analysis or provide alerts. However, fully automated trading bots that execute trades without manual intervention are not allowed on the platform.
News Trading
Traders can hold positions during news events, but cannot open new trades within 5 minutes before or after a high-impact news release.
Profits from trades opened outside the restricted 10-minute window are recognized, while those within the window are excluded.
Trading Platforms and Terminals
For Traders supports multiple trading platforms to be useful for clients with different preferences. Platforms:
- cTrader: A modern, intuitive platform popular among algorithmic traders
- TradeLocker: A trading facility offering unique features for clients
- DXtrade: A web-based platform accessible from any device without installation
Each platform is fully integrated with For Traders' systems, ensuring seamless execution and account management.
For Traders ensures robust platform security across all three of its supported platforms:
- cTrader: Uses TLS 1.2+ encryption and FIX API for secure execution, along with real-time threat monitoring via Cloudflare
- DXtrade: Protects infrastructure with AWS Shield and enforces mandatory two-factor authentication
- TradeLocker: Applies encrypted data transmission protocols and FIX-based security for trade processing
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 than $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 (commission-free)
- Withdrawal Fees: $25 for Rise, $50 for direct bank transfers, and $20 for direct crypto transactions
Educational Resources
For Traders is committed to trader education and provides a good collection of resources. You will find an "Academy" section on the website, consisting of links to relevant content:
- Videos on YouTube: Livestreams, interviews with professionals, insider data
- Events in Real World: Meet ups in various places around the world
- E-books: Comprehensive guides on passing trading challenges
- Discord Server: A helpful community for sharing ideas and experiences
Trust Scores and Performance Ratings
Some positive reviews are submitted on the For Traders Trustpilot page, showing its acceptable quality of services. However, there are no 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 firm's short track record, 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 a 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:
For Traders in Comparison with Other Prop Firms
Let's compare the For Traders features and those of other platforms; For Traders Comparison:
Parameters | For Traders Prop Firm | |||
Minimum Challenge Price | $59 | $39 | $15 | $97 |
Maximum Fund Size | $1.5M Through Scaling | $250,000 | $100,000 | $200,000 |
Evaluation steps | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step | 1-Step, 2-Step |
Profit Share | 90% | 100% | 85% | 80% |
Max Daily Drawdown | Up to 4% | 5% | 4% | 5% |
Max Drawdown | 8% | 10% | 8% | 10% |
First Profit Target | From 6% | 5% | 8% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:125 | 1:100 | 1:75 | 1:100 |
Payout Frequency | Bi-Weekly | Bi-weekly | 10 Days | Bi-weekly |
Number of Trading Assets | 130 | 3000+ | 400+ | 40 |
Trading Platforms | DXTrade, TradeLocker, cTrader | Metatrader 5 | Match-Trader, cTrader | MetaTrader 5, cTrader, Dxtrade |
Expert Suggestions
For Traders has obtained a trust score of 4.2/5 based on +400 reviews from users on "Trustpilot." Besides, "ScamAdviser" has given a trustscore of 100/100 to the company's website.
People on the latter have given a 4.3/5 rating with more than 500 reviews to the mentioned prop firm.