Capital Markets

For Traders

For Traders offers a unique simulated trading game where participants can trade up to $100,000 in virtual funds. 

The company emphasizes transparency, professionalism, and flexibility, allowing traders to customize challenge rules based on their strategies. 

The platform supports various trading instruments with real market quotes from liquidity providers. 

Additionally, For Traders boasts a robust educational program, quick payouts, and multiple trading platforms.

### Official company name

BLN Tech Club DMCC

### Company address

- **Prague Office**: Mississippi House, Karolinská 706/3186 00 Karlín, Prague, Czech Republic (Development & Marketing)
- **Dubai Office**: Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates (Headquarters)
- **Kuala Lumpur Office**: Unit 12, Level 19, GTower, 199 Jalan Tun Razak 50400 Kuala Lumpur, Malaysia (Customer Support)

### Year of establishment

July 2023

### Place of company registration

United Arab Emirates

### CEO

Jakub Roz

## Trading platforms offered

- MetaTrader 5 (MT5)
- DXTrade
- Trading journal
- AI trading coach (coming soon)

## Trading instruments available

- Forex
- Commodities
- Stocks (available as add-on)
- Indices
- Crypto

## Payment methods available

- Bank transfer
- Crypto (USDC and other stablecoins)
- Local payment methods
- Debit card (coming soon)

## Range of account sizes offered

- $5,000: 44 USD
- $10,000: 89 USD
- $25,000: 157 USD
- $50,000: 224 USD
- $100,000: 397 USD

## Profit split structure

- 80% profit split
- 100% bonus

## Profit targets for each challenge phase

9% profit target

## Maximum daily and total loss limits

- **3% daily drawdown**: This is the maximum allowable loss in a single trading day. If the account's balance decreases by 3% in one day, it will be considered a breach of the rules.
- **6% max drawdown**: This is the maximum allowable loss over the entire duration of the challenge. If the account's balance decreases by 6% overall, it will be considered a breach of the rules.

## Minimum and maximum trading day requirements

- Minimum trading days: 3
- No maximum trading days (unlimited time)

## Overview of challenges and general rules

Participants trade with virtual capital, aiming to meet specific profit targets and adhere to drawdown limits. 

Trading leverage is 1:125, with options to hold trades over weekends and during news events.

## Challenge steps

1. Pass the Challenge: Customize rules and demonstrate trading skills.
2. Trade Virtual Capital: Make trades on a demo account.
3. Take Your Profit Share: Earn real money based on trading performance.

## Pricing/costs to start challenges

- $5,000 account: 44 USD
- $10,000 account: 89 USD
- $25,000 account: 157 USD
- $50,000 account: 224 USD
- $100,000 account: 397 USD

## Fees & commissions

- $5 per lot for forex, metals, and commodities
- $6 per trade for stocks
- $0 per lot for indices and crypto

## Refundable fees details

Not mentioned.

## Free trial availability and details

No free trial available.

## Payout frequency

Bi-weekly payouts

## Leverage

- **Challenge Phase**:
    - Forex: 1:125
    - Indices: 1:20
    - Stocks: 1:20
    - Commodities: 1:40
    - Crypto: 1:3
- **Funded Phase**:
    - Forex: 1:40
    - Indices: 1:20
    - Stocks: 1:20
    - Commodities: 1:20
    - Crypto: 1:2

## Consistency rule

Not specified.

## Commission per lot

- $5 per lot for forex, metals, and commodities
- $6 per trade for stocks
- $0 per lot for indices and crypto

## Customer support options and details

24/5 customer support available

## Frequently asked questions

**What Is For Traders?**
An evaluation and educational company providing simulated trading environments with virtual capital and real cash rewards.

**Why Should I Choose For Traders?**
Favorable terms, quick payouts, educational resources, community support, and transparency. The company is backed by a large financial group and emphasizes professionalism.

**What Is the Leverage?**

- **Challenge phase**: 1:125 for Forex, 1:20 for Indices, 1:20 for Stocks, 1:40 for Commodities, 1:3 for Crypto.
- **Funded phase**: Reduced leverage for holding trades over the weekend (Forex: 1:40, Indices: 1:20, Stocks: 1:20, Commodities: 1:20, Crypto: 1:2).

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For Traders - 100K - 1 Step - 90%