Risk Management Assessment
All traders who reach the profit target of their evaluation will have their trades assessed by our risk management team before an FT+ simulated trading account is approved. If the risk management team sees evidence of trading that is deemed to not follow proper trade risk management, we reserve the right to not give the trader a simulated live account (“FT+ Trader Account”).
A trader who looks to take a limited number of trades at maximum leverage and finds that these simulated trades hit the simulated profit target will not have shown us sufficient evidence of proper risk management.
A simulated trade is not necessarily defined by a single trade execution on our trading platform. A trade may also be multiple executions or similar entries on the same market and held at the same time.
In normal circumstances, the customer will be given the benefit of the doubt. We have found however that there are people who are prepared to accept the loss of their fee and take extreme over-leveraged trades to pass their evaluation phase/s in hours or days.
We have also noticed a number of ‘toxic’ simulated trades that are taking advantage of generous demo conditions to establish a risk-free position – this is a form of arbitrage.
As you may know, we review every passed evaluation account. There are obvious red flags that indicate if a person is using ‘toxic’ methods such as arbitrage. In this case, we will perform an in-depth review of the simulated trades taken. If we identify that a trader is using ‘toxic’ methods of trading, such as but not limited to “arbitrage”, they may be banned and not given any further accounts. Toxic trading identification is standard practice across all the industry throughout the world.
Whilst we accept EA's as part of trading, please make sure that EA's used, do not trade based on the above methods, or it could result in account bans without refund or withdrawals. You must be prepared to submit your EA for approval in order to receive a simulated live account (“FT+ Trader Account”).
The overwhelming majority of people do not abuse our platform when undertaking our programs, so this notice will not affect them.
You can find further information regarding risk, in both our Risk Policy Blog, and our T&C's, both available on our website, and in this help center.
If you have any questions, please feel free to contact us on support@fundedtradingplus.com.