Fast Track Trading (FTT) makes it easy to dive into trading. When you buy a trading account with us, virtual funds are instantly added to your account. No evaluations, no practice steps – just straightforward trading from day one.
Who Can Join?
We welcome traders from nearly every country. Unfortunately, we can’t accept traders from Afghanistan, China, Russia, Belarus, Cuba, Iran, Iraq, Libya, North Korea, and Syria due to international regulations. But if you’re from anywhere else, you’re good to go!
30% OFF + BUY 5 GET 1 FREE (EXCEPT FORMULA 1)
Discount Code: B5GO
Details: 30% off your order and Buy 5 Get 1 Free deal when using this promo code. You are unable to use this promotion for Formula 1 accounts. This code only works once per day, so if you want to purchase 10 accounts and get 2 free, you’d want to buy 5 each on different days.
Validity Period: Ends (est.) Thursday 1st August 2024
See our Features Timeline for more information on the phase promotions.
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What Does “Drawdown” Mean?
A drawdown is the drop from your highest account balance to a lower point, showing your losses. Once you’ve hit your maximum drawdown limit, your trading account automatically gets liquidated. There is no Daily Loss Limit (DLL), only a Max Loss Limit (MLL).
Drawdown Limits in Fast Track Trading
Your drawdown limit is 5% of your current balance, including profits, until you achieve a 5% profit on your starting balance. Once you reach a 5% profit, your drawdown limit locks at your starting balance. This means the limit changes until you hit the 5% profit target, after which it remains constant.
Example:
Starting Balance: $25,000
Initial Drawdown Limit: $1,250 (5% of $25,000)
If your balance increases to $26,500, your new drawdown limit is $25,000 account balance, as there was a 5% increase and your minimum balance will now forever be at $25,000.
Minimum Account Balance Calculator
If you still don’t know how to calculate your minimum account balance, you can use our custom drawdown calculator to see what your current minimum account balance is based on what account you have, and your total profit.
What Happens If You Exceed Your Drawdown Limit?
If your account drops below the drawdown limit, it will be automatically liquidated to prevent further losses. If your account is eligible, consider purchasing an account reset, however you should be aware of the advantages, disadvantages, and requirements of doing so.
Starting Balance Example:
Account Balance: $25,000
Drawdown Limit: $1,250
If your account drops to $23,750, it gets liquidated.
Once You Achieve a 5% Profit on Your Starting Balance
If your account balance reaches $26,250 (which is a 5% profit on the $25,000 starting balance), your drawdown limit locks at $25,000. This means that regardless of how much profit you make beyond this point, your drawdown limit remains at $25,000.
Example:
Account Balance: $27,000
Drawdown Limit: $25,000 (locked at starting balance after achieving 5% profit)
Account Resets
If your account is liquidated, you can reset it instead of starting over. This option is available for specific account types and helps you get back on track.
For more details on resetting your account, check out our article on Account Resets.
