Fast Track Trading (FTT) has introduced significant changes to its payout rules and firm policies to ensure the long-term sustainability of the firm and to promote responsible trading practices. These updates are aimed at protecting traders, encouraging meaningful market engagement, and supporting the future of the firm as the industry moves toward live trading.
Over the past few months, FTT has experienced rapid growth, but with that growth came challenges. Traders were taking advantage of the previous payout rules by using low-risk, low-reward strategies, such as flipping $1 trades and withdrawing large amounts without engaging in meaningful market participation. This led to millions of dollars in withdrawals, which became unsustainable for the firm. To address these issues, FTT has implemented new payout rules designed to reward traders who genuinely engage with the market and manage risk effectively.
The old payout system allowed traders to make very small, low-risk trades and still qualify for large withdrawals. This created a situation where the firm was paying out significant sums without traders truly participating in the market, which compromised the firm’s long-term stability. To protect both the traders and the firm, FTT’s new rules ensure that payouts are only made when traders engage meaningfully in the market with real risk.
As the industry transitions toward live trading, with key players like CME leading the way, FTT’s goal is to prepare its traders for this shift. The new rules focus on ensuring that traders develop the necessary skills to succeed in live markets. By encouraging traders to engage in meaningful trading with real market risk, the firm is building a foundation for long-term success and preparing traders for the future.
One of the major updates is the introduction of Real Trading Days, which requires traders to meet specific profit or loss thresholds before a day is counted toward their payout eligibility. This change ensures that traders are not simply making small trades to meet the day requirement but are instead actively participating in the market with real risk involved.
The thresholds for Real Trading Days are as follows:
Both winning and losing days count as long as they exceed these thresholds. By requiring Real Trading Days, FTT ensures that traders are actively participating in the markets and not just placing low-risk trades.
FTT has revamped its payout rules across all account types to ensure traders are engaging in real market participation. Here’s a detailed look at the new payout rules for each account type:
Key Changes for GT and LeMans Accounts
For GT and LeMans accounts, the payout rules have been specifically tailored to encourage responsible trading:
The Consistency Rule
This rule is unchanged and limits the amount of profit a trader can make in a single day relative to their total profits. Specifically, no single day’s profit can exceed 20% of the total profits at the time of the payout request.
For example, if a trader has accumulated $10,000 in profits, no single day’s profit should exceed $2,000. If the 20% threshold is exceeded, traders must continue trading until their overall profits increase enough for the largest trading day to no longer exceed 20%.
New Minimum Balance Requirement for Withdrawals
FTT is now requiring traders to maintain a minimum balance after each withdrawal to promote responsible trading and market engagement. The minimum balance depends on the account type and the payout stage:
These minimum balance requirements ensure that traders are leaving sufficient funds in their accounts to continue trading responsibly.
Addressing current Payouts and Reset Policy
Due to the changes in payout rules, some previously approved payouts will need to be cancelled if they do not meet the new criteria, such as having fewer than 10 real trading days. Traders who have been cancelled will need to complete 10 more real trading days to qualify for their payout under the updated rules.
To support traders through this transition, FTT will:
• Reinstate accounts for traders whose payouts were cancelled, crediting their accounts the same amount as the deduction.
• Offer a free Daytona account as compensation for traders whose payouts were cancelled.
FTT understands this may cause some frustration in the short term, but these changes are necessary to ensure the long-term sustainability of the firm and the success of its traders.
Addressing Recent Growth Challenges
FTT has seen explosive growth over the last few months, which led to a backlog of payouts and support tickets. The firm is actively addressing these challenges and expects to return to smooth and quick payouts within the next few weeks. Additionally, FTT is implementing Intercom Live Chat Support to improve communication and response times, making it easier for traders to get the support they need.
The Future of Fast Track Trading
Looking ahead, FTT has exciting plans for the future of the firm:
These changes are designed to protect the long-term viability of FTT, promote responsible trading, and prepare traders for success in live markets. FTT remains committed to providing meaningful opportunities for traders and is excited about the future.
Thank you for your continued support and trust in Fast Track Trading.
