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Fast Forex Funds: How to Get Started and Maximize Your Profits
Fast Forex Funds is a prop trading firm which offers up to $1,200,000 in simulated funding.
They give traders an opportunity to acquire account sizes ranging from $10000–$500000 after the complete evaluation and verification.
Benefits of Using Fast Forex Funds
FFF entitles its traders with unlimited trading days on every plan they choose and phase.
No profit targets are set. Traders are free to withdraw within 30 days after their first trade, with up to 60% profit.
On the second payout, the traders stand a chance to receive a 70% profit split. For the third payout, the traders would receive 80% profit split with a bi-weekly payout period.
There are no strict rules. Traders can trade with the trading style they are most comfortable with.
FFF comes with a simulated daily stop loss.
Fast Forex Funds’ dashboard is integrated with Meta Trader 4 (MT4), which provides traders with powerful tools for analysis.
However, they later integrated with cTrader in order to aid more professional trader experience.
Additionally, Fast Forex Funds offers fast executions for over 300 instruments including indexes, and digital currencies.
They have low commissions, with great leverage, and advanced risk management tools.
How to Get Started on Fast Forex Funds
To get started on FFF’s platform and boost your profits, you must first apply to get funded on their official website.
Firstly, traders have to take part in challenges and evaluations, and get verified before getting funded.
1. Challenges
Fast Forex Funds has a compulsory challenge which every trader must pass as an initial requirement to be verified.
After successfully completing a Fast FFF challenge, the trade advances to the Verification stage.
The challenge is essential to analyze the traders’ trading abilities and adherence to the specified trading objectives.
Traders can choose from a variety of evaluation plans that best aligns with their trading style.
The evaluations are tailored to suit traders of all experience levels, and offer different levels of funding, risk parameters, and evaluation periods.
There are three types of evaluation plans:
- One-step evaluation phase,
- Two step phase,
- Swap free.
2. Trader Verification
FFF has a Verification phase, which is the final stage in the process of becoming a trader with FFF. The trader’s verification is confirmation, and they are offered a chance to trade on behalf of the prop firm.
3. Fast Funded
Traders can earn up to 90% of their profits through FFF’s profit-sharing model. Also, Fast Forex Funds has scaling plans which they reward traders who consistently generate profits.
This allows for account growth based on excellent trader performance. As a bonus for the traders, there are no rules after the third payout.
Conclusion
Although Fast Forex Funds is one of the good Forex solutions for traders who are in need of a funded account to boost their trading experience, it is used by the trader’s risk.
However, Beo Forex Academy advises that it is worthy of note that FFF does not offer or provide simulated trading or investment recommendations.
Therefore, any simulated trading or investment decisions you make are entirely your responsibility and at your own risk.