They offer a one-step evaluation of 15 days featuring a trailing drawdown and a consistency rule. There’s also an option to take an “Express” eval with no minimum trading days, as long as no single day equals more than 15% of the profit target – effectively enabling the trader to be funded in 7 days.
Once the evaluation’s been passed, you will receives an “Exhibition” account. This can be traded while your live-cash account is set up. Once you’ve reached a pre-determined balance in the Exhibition account, it’s transferred to a cash “Funded-Pro” account, and you can request a withdrawal any time the account balance is above a minimum threshold.
The majority of evaluators look for ten days of trading. Some enable evaluations to be passed in 5 days or less. Funded Futures Network are in a small group of evaluation companies that require more than ten days of trading.
An “Express” option is available at a slightly higher evaluation cost. This has the potential to be passed in a minimum of seven trading days based upon its consistency rule that no one trading day may account for more than 15% of total revenue.
Once a trading evaluation at Funded Futures Network has been passed, you will receive an “Exhibition” account. This can be traded while your live-cash account is set up. Once you’ve reached a pre-determined balance in the Exhibition account, it’s transferred to a cash “Funded-Pro” account, and you can request a withdrawal any time the account balance is above a minimum threshold. We rate funded accounts that only require a balance threshold to be passed higher than those that have a balance threshold combined with a minimum number of trading days, and/or only certain days of the month where withdrawals are processed.
Once the evaluation is passed, there is a $120 setup fee for creating the Exhibition account, which you can trade until your funded account is set up (10-15 days usually). Once ready, your “Funded-Pro” account is a real cash account, and it is subject to CME Professional data fees – around $120 per month per exchange.
Funded Futures Network base their evaluations on the Rithmic Paper Trading Server so any Rithmic-capable platform can be used.
Evaluation rules include loss limits and drawdown rules. There are no scaling rules or trading through news restrictions, however there is a requirement for revenue consistency. No single trading day may exceed a defined percentage of the total revenue goal. Once funded, consistency rules are removed.
Our dealings with this company have been positive and professional. The founders have had the experience of being funded traders through other evaluation companies and correspondingly understand what is required to develop a good reputation within this industry.
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