Understanding Funded Account Parameters | My Funded Futures Help Center (2024)

FAQs

What is the payout structure of my funded futures? ›

For a withdrawal of the entire accounts profits: Depending on your account's lifespan - Under 45 calendar days: You receive 20% of net reserves when closing the account. 46 to 90 calendar days: You receive 50% of net reserves when closing the account. 90+ days: You receive 90% of net reserves when closing the account.

On a funded account, losing a large amount of money does not mean much. Even if it results in losing your funded account, you can still try to pass the evaluation at the same firm again or just join another one. Ultimately, you do not risk much and do not lose much.

My Funded Futures utilizes a single-step evaluation process, simplifying the pathway for traders to access funding. Profit targets are set at various levels - $3,000, $6,000, $8,000, $9,000, and $12,000, providing clear, quantifiable goals for traders.

Funding accounts, also known as funded accounts, offer traders the chance to start trading without making an initial deposit. Instead, a third-party company provides the capital for investing in financial derivatives (typically ranging from 25,000 euros to 150,000).

For Expert Accounts, every 14 days, the first $10,000 in profits is yours, followed by a 90/10 split.

All traders with eligible Funded accounts need to submit a payout request via the Payouts section of the Trade Hub. Reviews of trader's accounts are conducted before processing payouts, which currently are available through various cryptocurrencies including BTC, ETH (ERC-20), USDC (ERC-20) and USDT (ERC-20).

You Won't Have To Pay The Losses! Investors have a right to protection against losses when trading through a funded account. This protection is provided by the investor's insurance, a policy which may cover losses if the trading platform or broker are unable to pay.

After I Get Funded, How Many Days and How Often Am I Required to Trade? There are no inactivity rules or required number of trading days after you get funded. Trade as little or often as you want.

Risk per trade

How much should you be risking per one trade? In most textbooks and online education programs, you will learn that you should not be risking more than 2% per one trade.

Overnight Simulated Trade Holding: We allow traders to hold their simulated positions overnight, regardless of the demo account type or phase they are in.

What is the consistency rule for my funded futures? ›

If you make a total of $10,000 in sim profits and in one day you have made $4500 which is beyond the 40% consistency rule then you MUST continue trading and make more profits until the profits of every trading day will be less then 40% of total profits.

About Virtual Funds

After a client becomes a Simulated Funded Trader, he/she will be provided with a demo account with simulated funds. The Funded Trader challenge and funded accounts are not live trading accounts, they are fully simulated accounts utilizing real market quotes from liquidity providers.

One of the primary benefits of funded trading programs is access to a large amount of capital. As an individual, you may not have enough funds to invest in trading. Also, it's risky to put up your own money. A few bad trades, and you could lose it all.

Statistics on Funded Trading Payouts and the 1% Myth

While trading is no cakewalk, the actual success rate might be closer to 5%. So, it's not quite as exclusive as you might have thought. For instance, the average payout for funded trading with The Funded Trader (TFT) is around $7,000.

This is also called the “Payoff Structure”. As you can see, any price above the buy price (2362) results in a profit and any price below the buy price results in a loss. Since the trade involved purchasing 2 lots of futures (250 shares), a 1 point positive movement (from 2362 to 2363) results in a gain of Rs.

When equities are the underlying asset, traders who hold futures contracts until expiration settle their positions in cash. The trader will pay or receive a cash settlement depending on whether the underlying asset increased or decreased during the investment holding period.

At final settlement, Fed Fund futures are cash-settled, there is no physical delivery involved. The final settlement calculation at expiry is the total of all the daily rates published by the FRBNY divided by the total number of days in that month.

The long futures contract payoff formula is: payoff = PT – K; This will yields a payoff that looks like figure two. It starts negative, the set price, and then continues upward Page 3 crossing through the zero payoff line at the set price and continues up.