Our rules

1) You must trade at least 10 days.

2) You must avoid hitting or dropping below the trailing minimum account balance (active or end-of-day).

3) You must trade intra-day only. Therefore, you must close all positions (and orders) one minute before a particular instrument closes. Having open positions one minute before the closing time will not disqualify your account since your positions will automatically be flattened, but we recommend monitoring and flattening all open positions on your own. Instruments’ closing times vary. Click here to see each instrument’s closing time.

4) For end-of-day drawdown plans, achieve a daily consistency rate of 40% or better.

5) For end-of-day drawdown plans, you must avoid hitting or dropping below the daily loss limit. Note, hitting the daily loss limit will not disqualify your account; it will merely prevent you from entering new trades for the remainder of that trading day.

Once you meet your profit goal and followed rules 1-3 (rules 1-5 for end-of-day plans), your daily consistency rate will determine your funded account activation fees.

FCM_COMPANY_NAME is seeking traders who strive to be consistently profitable in the paper trading environment. This means you must trade with a sound trading plan with reasonable money management. FCM_COMPANY_NAME reserves the right to deny you any services or compensations if you do not follow these general criteria or if you attempt to abuse FCM_COMPANY_NAME’s services. This includes, but is not limited to, achieving a few large windfalls with max available contract sizes and then trading 1 micro contract for the rest of the qualification or funded account payout period.

Other features that set us apart

1) No limitations on what type of strategy you use. However, if you are not already consistently profitable with your own strategy, we highly encourage you to check out our educational section.

2) No limitations on scaling. You can trade your max contract limit from the start. We want you to use your own discretion.

3) No limitations on trading during the news or holidays. Once again, we want you to use your own discretion.

4) No weekly loss limits.

5) If you attempt to trade over your max contract limit, your order will merely be rejected rather than your account be disqualified.

The daily consistency rate is a measure of how consistent you are over the total number of trading days in which you participated. It is calculated by taking your highest daily profit and dividing that by the total profit on your account. The lower the number, the better your daily consistency rate is. Your daily consistency rate can be found under your active accounts in the user dashboard (https://rithmiconboardingcopy.com/member/member). Note if your account balance is less than the starting value, your daily consistency rate will not be calculated.

Here are a few examples on how the daily consistency rate is calculated:

1) Your total profit over 5 days is $1000. Your highest daily profit was $300. This means your daily consistency rate is $300/$1000 = 30%.

2) Your total profit over 5 days is $1000. You lost a total of $500 over 4 of the days but made $1500 on day 5. This means your daily consistency rate is $1500/$1000 = 150%.

If you want to improve your daily consistency rate, you will need to continue trading additional days until your largest profit day is a smaller percentage of your overall profit.

Here are a few examples:

1) Your total profit over 5 days is $1000. Your highest daily profit was $300. This means at the end of day 5, your daily consistency rate is $300/$1000 = 30%. You decide to trade an additional day in which you make $200. This means your total profit over 6 days is now $1200. Your largest daily profit is still $300. This means your daily consistency rate after day 6 is $300/$1200 = 25%.

2) Your total profit over 5 days is $1000. Your highest daily profit was $300. This means at the end of day 5, your daily consistency rate is 30%. You decide to trade an additional day in which you make $500. This means your total profit over 6 days is now $1500. Your largest daily profit is now $500. This means your daily consistency rate after day 6 is $500/$1500 = 33.3%.

3) Your total profit over 5 days is $1000. Your highest daily profit was $300. This means at the end of day 5, your daily consistency rate is 30%. You decide to trade an additional day in which you lose $100. This means your total profit over 6 days is now $900. Your largest daily profit is still $300. This means your daily consistency rate after day 6 is $300/$900 = 33.3%.

The daily consistency rate encourages traders to spread their risks and profits over many days and to not rely on one or two highly profitable trades. A lower (better) daily consistency rate proves to us and the trader that they have a sound risk management plan and that they can be profitable over many days and in many different market environments. 

Psychologically, it helps develop a framework and discipline for the trader to have daily attainable goals and to focus on the ‘NOW’. As many aspiring traders have probably realized, regretting past mistakes can cause a desire to quickly make up losses, leading many  to abandon their trading plan by scaling up, increasing risks (widening stop losses), and going for higher targets outside of their plan. Keep in mind, our goal as a company is to help eliminate the ‘get-rich-quick’ mentality and instead replace that with a foundation of long-term, consistent success. This is further encouraged by rewarding great consistency with lower funded account activation fees and quicker payouts (see more about benefits here).

After you have hit your profit target and followed the rules (found here), you will be given a price to activate your funded account within 1 business day after the day you passed. 

The activation fee of the funded account will depend on your daily consistency rate during the qualification. To determine your activation fee, see the daily consistency rate (DCR) pricing guide below:

 Active trailing drawdown plans

End-of-day trailing drawdown plans

You can expect the following costs during the qualification process and with a funded account:

During the qualification process

1. The monthly subscription fee for the qualification account (with a recurring billing cycle of 30 calendar days).
2. Any resets you purchase during the qualification process.

With a funded account

There are no recurring costs; however, during the first full calendar month and thereafter, make sure to place a trade on at least 5 separate trading days per calendar month to avoid an inactivity fee.

A funded account is the account you receive after passing a qualification and paying the funded account activation fee. For your reference, this account ID will begin with either “F1“ or “F2” depending on which plan you chose during the qualification. After following the rules below, you will be eligible to receive 95% of the profits (100% of the first $10,000 in payouts) you make on your funded account.

Rules on Funded accounts

1. You must TRADE at least 25 days to be eligible for your first payout (or at least 15 trading days with 10% or better DCR calculated solely from your funded account).
2. You must avoid hitting or dropping below the trailing minimum account value.
3. You must trade intra-day only. Therefore, you must close all positions (and orders) one minute before a particular instrument closes. Having open positions one minute before the closing time will not disqualify your account since your positions will automatically be flattened, but we recommend monitoring and flattening all open positions on your own. Instruments’ closing times vary. Click here to see each instrument’s closing time.
4. For end-of-day drawdown plans, you must avoid hitting or dropping below the daily loss limit. Note, hitting the daily loss limit will not disqualify your account; it will merely prevent you from entering new trades for the remainder of that trading day.
5. Your trailing minimum account value must reach or exceed the starting account value. At this point, your trailing drawdown limit will become a static drawdown limit at the starting account value. For the end-of-day drawdowns plans, the daily loss limit will no longer be in effect once the minimum account value becomes static.
6. Adhere to the payout schedule.

FCM_COMPANY_NAME is seeking traders who strive to be consistently profitable in the paper trading environment. This means you must trade with a sound trading plan with reasonable money management. FCM_COMPANY_NAME reserves the right to deny you any services or compensations if you do not follow these general criteria or if you attempt to abuse FCM_COMPANY_NAME’s services. This includes, but is not limited to, achieving a few large windfalls with max available contract sizes and then trading 1 micro contract for the rest of the qualification or funded account payout period.