OUT OF BUSINESS as of Nov 7, 2024
If you see prop trading firms advertising conditions that seem to good to be true, you need to be sceptical about the long-term viability of the firm's business plan!
PROS
- – Direct funding means no evaluation required at this instant funding prop trading firm
- – No commissions in simulated account phase
- – Invitation to live account after 12 payouts to receive CME-member rates ($50K account equity required)
- – Eligible for payouts after reaching 5% buffer in only 5 trading days for first account (10 days thereafter)
- – 5% End-of-Day drawdown applies to all account sizes
- – 100% payout in SIM, 90% in live account
- – Generous max withdrawal for 10 day payout period ($1500 | $2000 | $3000 | $4000)
- – Rithmic Level 2 data is included
- – Idenfinitely BaFin-compatible SIM account if account equity stays below $50K
CONS
- – 20% consistency rule to qualify for payout
- – Minimum profit/loss required to qualify as trading day (+/- $62.50 | -$125/+250 | -$187.5/+375 | -$300/+600)
- – ACH/wire transfer or BTC to pay for account (no credit card option as of August 03, 2024)
- – Relatively low maximum payout amount per account for 5 day payout ($1000 | $1250 | $1500)
Frequently Asked Questions
- Upon purchasing your first new account(s), traders can receive a payout in as little as 5 days by achieving a daily profit of 20% of their profit buffer.
- For example, in a Rally account the buffer zone is 5% or $1250. To qualify for a 5-day payment you need to earn at least $250 per day.
- After 5 days of consecutively profitable trading, you can withdraw up to $1,500 per account.
- The following max withdrawal amounts for a 5-day payout apply:
- Rally – $1000 | Daytona – $1250 | Grand Prix – $1500
- You are eligible for payouts every 10 trading days (a trading day is defined as completing at least 1 trade in a 24hr period).
- *** No minimum daily profit thresholds are required, but the 20% consistency rule applies.
- The following max withdrawal amounts apply to the 10-day payouts:
- Rally – $1500 | Daytona – $2000 | Grand Prix – $3000 | Formula 1 – $4000
- Your best trading day cannot exceed 20% of your total profit to qualify for a payout.
Eligible for payout 
Not eligible for payout - Click here for a sample consistency tracker spreadsheet.
- The minimum withdrawal amount is $250.
DISCLAIMER
CEED.trading does not assume any liability for the accuracy or correctness of the information presented here as it may not be up-to-date or inaccurate at the time of writing.
Please always double-check and base your purchasing decisions solely based on the information on the website of the respective service provider!
Source of information: https://www.fasttracktrading.net/knowledgebase