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
- Pass the Challenge: Customize rules and demonstrate trading skills.
- Trade Virtual Capital: Make trades on a demo account.
- 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).