Our Prestige Program is a two-phase static drawdown evaluation account. Upon passing, subject to the usual processing and review, you will then receive a FT+ Trader simulated live account. In this final phase, you would be able to request a withdrawal from the account, paid in real-world funds.
The Prestige Program is a Static Drawdown program, which means the maximum loss limit, or maximum drawdown limit, on your account is a fixed drawdown based on your initial starting balance. This static maximum drawdown would remain the same throughout trading the account and would not be affected by any simulated profit/gains.
This program comes with a 10% profit target for the first step/phase and a 5% profit target for the second step/phase, with the static max drawdown as 10% and the daily drawdown limit as 5%.
There are the Minimum Profitable Days, of which a minimum of 0.5% profit must be achieved across a minimum of 3 trading days across the account (This does not need to be consecutive). These, along with hitting the 10/5% profit targets, will mean you have passed the evaluation phase and be upgraded to the next phase.
This program allows for weekend holding, with no stop loss requirement
The scaling target for the Prestige program is 20%. Making a scale request for this program has the following conditions to be met in order to reach the next level. These are the following:
- The Minimum profitable trading days (3) of at least 0.5% simulated profit.
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At least one withdrawal on the FT+ Trader Simulated Live account.
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The account must have been active for at least 2 months.
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The 20% simulated profit required must be in the closed balance at the time of the scale. You must have achieved 20% of new profit at that level in order to scale to the next level. Profit from previous levels is not counted towards the next level, meaning you cannot “skip” levels.
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Subject to risk review upon scaling request.
- Please note that the levels do not double the account size for this program. Please review the scale levels below.
FT+ Account Starting Balance | Profit Required To Scale | Balance Required For Next Level | Static Drawdown Amount | Static Drawdown Breach Balance |
$25,000 | $5,000 | $30,000 | $2,500 | $22,500 |
$37,500 | $7,500 | $45,000 | $3,750 | $33,750 |
$50,000 | $10,000 | $60,000 | $5,000 | $45,000 |
$75,000 | $15,000 | $90,000 | $7,500 | $67,500 |
$100,000 | $20,000 | $120,000 | $10,000 | $90,000 |
$150,000 | $30,000 | $180,000 | $15,000 | $135,000 |
$225,000 | $45,000 | $270,000 | $22,500 | $202,500 |
$337,500 | $67,500 | $405,000 | $33,750 | $303,750 |
$500,000 | $100,000 | $600,000 | $50,000 | $450,000 |
$750,000 | $150,000 | $900,000 | $75,000 | $675,000 |
$1,150,000 | $230,000 | $1,380,000 | $115,000 | $1,035,000 |
$1,750,000 | $350,000 | $2,100,000 | $175,000 | $1,575,000 |
$2,500,000 | x | x | $250,000 | $2,250,000 |
In addition to the above, the usual scaling request condition of the account being flat (no open trades) must also apply. All information regarding the scaling levels and conditions for this are also available on the Funded Trading Plus website. (link to program page)
Once you have passed your evaluations and have been upgraded to the FT+ Trader simulated live account, you are eligible to make your first withdrawal request once the Minimum Profitable Trading days of 0.5% conditions are met, 7 days after the account is issued. This means your first withdrawal request would be eligible 7 days from account creation, and every 7 days thereafter.
Examples for withdrawal criteria on FT+ Trader simulated live account below:
On the FT+ Trader simulated live account, once the condition of 3 days of at least 0.5% profit has been met, and the trader makes a withdrawal request, they have now completed the requirement, and would not need to complete this again - to explain further with an example:
- Trader 1 has a $100,000 account:
- Day 1 they make $1000 simulated profit
- Day 2 they make $500 simulated profit.
- This trader then makes no trades for 15 days.
- Day 18 they make $2000 Simulated profit
- They have now made a total of $3,500 simulated profit, with at least 3 days of over 0.5% simulated profit.
- Trader makes a withdrawal request. They continue trading the account.
- The trader can now make a new withdrawal request after 7 calendar days, without any further restrictions, as once the initial conditions are met, these remain on the account for its lifespan.
In the example below, we explain how a withdrawal request would not be eligible, if conditions are not met:
- Trader 2 has a $100,000 account:
- Day 1 they make $1000 simulated profit.
- Day 2 they make $500 simulated profit.
- This trader then makes no trades for 15 days.
- Day 18 they make $200 Simulated profit
- They have now made a total of $1,700 simulated profit, but have not hit the target of 3 days minimum trading with 0.5% simulated profit.
- Trader cannot make a withdrawal request at this point. The trader would need to hit at least 1 more day with 0.5% profit on their account to be able to make a withdrawal request.
All information for the Prestige Program is available on the website: click here
As always, if you have any queries, you can use our live chat, which is available 24 hours a day, on our website. You can also submit support tickets by emailing support@fundedtradingplus.com and someone from the team will get back to you as soon as they are able.