Fast Track Trading (FTT) emphasizes the importance of effectively managing your account, including understanding payout limits and adhering to specific requirements based on your account type. Here’s a clear breakdown of what you need to know:
5-Day Payouts:
10-Day Payouts:
Extended Payouts: After a trader has received a total of 8 payouts, the payout limit doubles:
After 12 payouts, traders can request any amount they want, even if they are not yet on a live account. Alternatively, they may also be moved to a live account.
Post-Payout Profit Requirements: After taking a payout, there is no minimum profit required to request another payout as you have already met the 5% buffer. For example, if you make $7,500 on a GT account and take out $3,000, leaving $4,500, you don’t have to make another $3,000 to request a payout. You can make another $1,000 and take out $3,000 as long as you adhere to the consistency rule.
5-Day Payout Limitation: The 5-day payout is only available for your first payout on your first account. Once you receive a 5-day or 10-day payout, you cannot receive it again. It must be done on your first order and first payout. It’s essentially a bonus.
Profit Target: Achieve at least a 5% profit on your starting account balance before requesting a payout. For instance, on a $25,000 account, this translates to a $1,250 profit.
Buffer Requirement: Maintain a 5% buffer in your account balance daily after achieving your profit target. Find out more about the 5% buffer rule.
Consistency Rule: Ensure no single trading day’s profit exceeds 20% of your total profits, promoting consistent trading practices and risk management. Find out more about the consistency rule.
Trading Days: Not every calendar day needs to be a trading day. A trading day is counted whenever you execute a trade, emphasizing active trading over consecutive days.
Payout Frequency: Traders can opt for a 5-day payout on their first account purchase only and as a first payout only. After eight successful withdrawals, the payout limit doubles. After twelve successful withdrawals, traders are uncapped and can withdraw any amount. They may also be moved to a live account.