Learn about Forex Capital Funds Standard Evaluation Program trading objectives.
Learn about Forex Capital Funds Standard Evaluation Program trading objectives.
Forex Capital Funds Standard Evaluation Program is a famous program and here are the trading objectives of this program. This program is designed to foster talent, nurture trading skills, and ultimately, pave the way for traders to access funded accounts with lucrative profit-sharing opportunities.
The Standard Evaluation Program comprises two phases, each with its own set of targets and guidelines. During the first evaluation phase, traders have to achieve a profit target of 8%, all while adhering to strict risk management protocols. These protocols include a maximum daily loss limit of 5% and a maximum overall loss limit of 10%. Notably, there are no specific requirements regarding the number of trading days during this phase, providing traders with flexibility while ensuring they meet the minimum threshold of five trading days to progress to the next stage.
Upon successful completion of the first phase, traders advance to the second phase, where they must aim to achieve a profit target of 5% while maintaining adherence to the established risk management parameters. Similar to the first phase, there are no constraints on the number of trading days, but traders must fulfill the minimum requirement of five trading days to qualify for progression to a funded account.
After passing both phases, you get the funded account, eliminating the need for minimum withdrawal requirements. Traders have to manage their funded accounts while upholding the 5% maximum daily loss and 10% maximum loss rules. So, the profit split ranges from 80% to 90%, contingent upon the trader’s performance on the funded account.
Furthermore, the Standard Evaluation Program includes a scaling plan, rewarding traders with incremental benefits based on their performance and tenure within the program. These benefits include account increases, profit split enhancements, monthly salaries, and expedited withdrawal timelines.
With its structure, risk management protocols, and incentives, Forex Capital Funds’ Standard Evaluation Program stands as a beacon of opportunity for aspiring traders seeking to carve a path to success in the dynamic world of proprietary trading.
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