HFT - Limited

General

How many accounts can I have?

There are no limits on how many accounts, as long as you are within the maximum allocation amount. We currently have a maximum allocation guideline of 2M per user.

How long does it take to become a live trader once I pass the evaluation?

Instantly. Once you pass the evaluation, you can follow the prompts in your Evaluation pass email and get your live funded account right away.

Will I get a certificate once I pass to a funded account?

Yes. The certificate will be available in your Trader’s Dashboard where it can be downloaded.

When will I get my account credentials after payment?

You should receive your account credentials within 10 minutes from your payment. When your account is created you will receive a notification from us via email. If you do not find our email after making the payment, please check your spam/junk folder.

Can anyone participate in one of your challenges?

Traders must be over 18 years of age to legally trade with us. Most countries are allowed to trade, apart from specific countries that may have local restrictions – please refer to our full Terms and Conditions for a list of countries that are not allowed to participate.

Are there any monthly fees?

No, our only fee is the Evaluation fee.

Can I reset my evaluation?

Once you start trading in your account, it is no longer possible to reset it to the original amount.

Can I trade on my mobile?

Yes, you are allowed to trade using your Mobile.

Can I trade with someone else’s name?

No, each trader should work with their own name and account. Third party trading is considered a violation of our terms and conditions and will result in problems during the KYC process.

Evaluation

Why do we have a 500 monthly Algo Account limit?

Trading is inherently risky and the use of algorithms can create additional exposure to the markets, alongside additional trading volume and risks associated with rogue EA’s. As part of our long term strategy, we take a conservative approach to risk management, limiting our overall exposure to the markets. To put it simple, our book of clients is similar to having multiple portfolios running within the same larger fund. Our financial modeling estimates our assets’ future performance utilizing a balanced distribution of risks and currently, 500 accounts/month running at additional exposure is within our parameters. As with trading, risk management within a larger portfolio of businesses and markets is essential. Our aim is consistent longevity, rather than quick returns and therefore, we limit the company’s exposure to Algo Accounts to maintain our portfolios conservatively balanced.

What is the difference between the Standard and Algo Evaluation models?

We currently work with two evaluation models: Standard and Algo. Our Standard Evaluation is suitable for the majority of traders who have experience in the Forex and derivatives markets. This includes people who traded their own capital with different brokers, or traders coming from other props such as FTMO and MyForexFunds. The Algo Evaluation was created specifically for the minority of traders who use complex systems and automate their trading strategies – in many cases requiring improved execution to work. This includes high frequency trading and algorithmic based trading. For more details, please refer to our Schedule of Assessment.

Why do you have different challenge options?

Yes, crypto instruments are available to trade during weekdays.

Yes, you can use Istifara to pass the evaluation stage

Yes, crypto instruments are available to trade during weekdays.

Leverage ?

Differentiating the challenge models allows us to better understand our traders strategy and to better monitor our future market exposure. This ultimately helps FastpropFx risk modeling and enables more efficient risk management as an institution, so we can provide more stability and long term benefits to our traders.

Payments

How Do I Withdraw My Profits?

You can withdraw your profit from your client portal, please ensure you are in profit at the end of the trading cycle and all positions are closed. Withdrawals can be requested from the menu Profit Share.

What is the withdrawal process?

After 30 days of receiving the Funded Account, you will be able to request a withdrawal. We make it very simple for you: To make a request, please enter your dashboard and in the section “Profit Share” you will be able to request it. You will need to have your payment details saved – this can be updated in the menu “Payment Details” in your dashboard. You will then be asked to confirm that you have your contract signed and have completed the requirements. The contract can be found under the menu “Contracts”. Confirm – that’s it. Your withdrawal will be “Pending” until it is processed. To ensure your profits are “locked”, your account will be on “read-only” mode until it is finalised. Now you just need to wait. When our risk team approves a withdrawal, the finance team will then process the payment and send you a confirmation. Please note, If you’ve used Deel before, we kindly request you to re-sign this as part of the withdrawal process.

Can I trade while I wait for my withdrawal?

To ensure you do not risk your profits – your account stays in “read only” until the withdrawal is processed.

What are the payout methods available?

We process our withdrawals by both Crypto and BankWire.

How long do withdrawals take?

We aim to process payouts as quickly as possible. Our average withdrawal processing time is within 3 business days.

Can I reset my evaluation?

Once you start trading in your account, it is no longer possible to reset it to the original amount.

Rules

How is drawdown calculated?

Daily Drawdown: Relative Drawdown based on the Balance/Equity at the start of the day (platform time).

Do you allow News Trading?

Currently, we allow news trading.

Do you allow trading over the weekend?

Yes, our program allows for weekend and overnight holding of trades.

Can I start again if I violate any rules?

This can be assessed on a case-by-case basis. If you account has been suspended, you will receive a member discount for future Evaluations. If you breach the consistency rules, you will not lose your Funded Account – we would only remove the specific trades from the profit/restart the account.

Do you allow EA’s and indicators?

es, all types of EAs are allowed at Fastpropfx. Please ensure you are using your own EAs instead of copying other’s trades.

Is hedging allowed?

Yes, hedging is allowed, however, using multiple accounts to hedge entries between them will be considered as a violation of rules. This includes hedging between clients. Hedging your own account to protect a position for example, is completely allowed. Hedging two different accounts/individuals, taking opposite positions in each to bypass the rules, is not allowed.

Do you have a consistency rule?

Yes, we work with consistency-based rules. These rules ensure that we are working with legitimate traders who apply a consistent risk management and strategy to their accounts. As an institution, we must apply this rule to filter the most consistent traders and avoid people who are purely gambling

Minimum trading day?

In the funded account, you need to have 10 trading days (first withdrawal) or 5 trading days (subsequent withdrawals). Requesting a payout without meeting this means it will be declined and you will be able to request it again in a few days time.

Can I use HFT in the funded account?

HFT bots do not work nor are allowed in the funded stage.

What if I breach the consistency rules?

You will not lose your account. Our risk team will only remove the profits from the amount being withdrawn and if these are greater than your PnL, your account will be reset to its original balance to give you a second chance.

Are there any restrictions to sharing credentials?

Yes, each trader is responsible for his/her own account credentials – sharing the details with third parties is outside of out control and is not permitted. Sharing your funded account credentials may lead to having the account suspended. For the full list of rules, please refer to the Schedule of Assessment.

Is copy trading allowed?

Yes, only between your personal accounts. We use cutting edge technology for risk management and if you have a large proportion of trades deemed as copy, this is an infringement of our rules.

What is your consistency rule?

Our consistency rule is only enforced in the funded stage and it is assessed at the time of withdrawal: 1. 33% consistency rule: a single trade should not represent more than 33% of the profit being requested. This is to avoid traders going “all in” before news or gambling, rather than applying sound risk management. This also assists us in managing risk as a company and building a more sustainable risk modelling long term. 2. This is also only being enforced in the funded stage. We basically work with volume bands (also for risk management purposes and consistency). Say, if a trader trades with lot sizes of 2 and 4 lots on gold for the month, let’s assume a 3 lot average size per trade and then one day before the payroll (or another situation) he places a single trade with 10 lots, this would be voided from the results as it represents more than 200% of the average volume for the period. The same applies if it is more than 75% below the average lot size. Example (values for illustration purposes only): Average lot size: 3 lots per trade Upper limit: 6 lots per trade Lower limit: 0.75 lots per trade Average= total lots traded divided by total number of trades Upper range= average x2 Lower range= average x0.25 Any trades within that range are perfectly fine. Note trades are aggregated when placed within 30-second window into one position for both profit and volume consistency. We’ve designed the rules to create a balance between offering a very competitive challenge but also making sure the Prop is sustainable and will remain in the market long term. If you have trades outside of the consistency range, you would not lose your account – only those specific trades would be removed and the remaining amount processed to you. Some people don’t quite agree with it and others actually said they became better traders by having these rules as it forces them to stick to their trading plan rather than making impulsive decisions.

s account management allowed?

Third party account management is not allowed – each trades must trade his/her own accounts.

Duplicated IPs?

Duplicated IPs between different users in the funded account is a breach of our rules.

Change of IPs?

You do not need to notify us about IP changes. We understand you may use mobile, VPS and travel from time to time. Having different IPs is not an issue.

Partnership

Does FastpropFX work with partners and affiliates?

Yes, we believe that partnerships is the foundation of any successful company. As such, we are open to long term partnerships and affiliates. We have a bespoke offering to our partners with access to dedicated account managers. For more information please access the link: IFF Partners

How often do you pay affiliates?

Our affiliates get paid weekly on Fridays AEST for any referrals made during the week. This is automatic and our partners do not need to request their withdrawal.

What are the payment options for affiliates?

USDT TRC20

What if my sale wasn’t tracked?

Due to the volume of affiliates and transactions, it is important that you send your link to your clients and that they use it correctly. If clients change browser/device during the process, the tracking may be lost. Copying the link in the incognito mode ensures that your tracking will work and the commissions will be generated and paid automatically.

Can I receive commissions for purchases under my name?

This is not possible. If you are an affiliate, we do not endorse using your own link for your accounts.