The Funded Trader (TFT) has introduced an important update regarding its Warning and Violation System for news trading. This new system is to enhance transparency and consistency throughout all trading phases, ensuring fairness for its community of traders.
TFT’s Warning and Violation System consists of three stages, offering traders multiple chances to rectify mistakes before facing serious consequences.
- First and Second Warnings (Soft Breaches): Traders will receive up to two warnings per phase if they execute trades within a 4-minute restricted window surrounding significant news events. While profits from trades made during this period will be deducted, losses will remain unaffected and still contribute to the warnings.
- Third Violation (Hard Breach): If a trader violates the rule a third time within the same phase, TFT will fully breach their account, resulting in disqualification from that phase.
TFT New Warning & Violation System for News Trading
If a trader advances to the next phase after violating the news trading rule, TFT will deduct any profits from those violating trades from their next account balance. This deduction will also serve as their first warning in the new phase. Also, warnings will reset each time a trader progresses to a new phase, whether moving from Phase 1 to Phase 2 or advancing to a funded account.
Traders must be mindful that if deductions from violations push their accounts beyond the daily or maximum loss limits, they will account for the breach.
TFT emphasizes that this new system is going to foster fairness and accountability while maintaining a level playing field. It aims to promote responsible trading practices and ensure that all participants adhere to the firm’s rules, particularly during volatile news events.
About the Firm
The Funded Trader is searching for passionate and experienced traders who will succeed with their funds’ help by showing skills in unpredictable market conditions. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 95% profit splits.
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