Who Are Fortuna Traders?
Fortuna Traders is a popular selection among prop trading firms due to its flexible, transparent, and performance-based payment model. The platform uses an assessment process in which traders pay to demonstrate their trading abilities and earn a funded account, where they eventually manage accounts as large as $200k. A unique characteristic of the firm is its scaling plan, which offers consistently profitable traders the chance to increase their account size up to $500k.
What makes Fortuna Traders different is its profit-sharing model based on traders’ results, allowing them to keep up to 95% of their profits. This significant profit retention makes the company appealing to traders seeking substantial returns. Additionally, the platform caters to a large spectrum of market participants as Fortuna Traders offers various tradable instruments, from forex all the way through to cryptocurrencies.
What Sets Fortuna Traders Apart from Other Futures Prop Trading Firms?
The unique aspect of Fortuna Traders is that they are very flexible and show everything transparently. Traders are not under any time pressure to achieve their profit targets with no deadlines imposed by the firm, allowing for a more relaxed setting where traders can implement strategies based on whatever schedule works best for them. This is an especially attractive feature for swing traders or someone who likes to keep a safer, long-term approach to their trading. Fortuna Traders also offer opportunities to keep your positions overnight and on the weekends, as well as trade around news events, which a lot of other companies do not allow.
The 95% profit share is also one of the highest in the industry and another important distinguishing factor. Paired with the ability to ramp accounts up to $500,000, Fortuna makes an interesting landing spot for both new and experienced traders alike. They are also suitable for those keen on copy trading, as Fortuna will mirror strategies following the rules of each firm. Flexibility is key, and with the ability for traders to maximize their earnings, Fortuna Traders can compete against most other top prop firms.
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What Are the Options For Funded Accounts?
Fortuna Traders has different accounts for fully funded accounts, tailored to various trader types. These accounts become available after meeting the company’s two-phase evaluation process. The evaluation measures a trader’s ability to hit profit targets and manage risk effectively. Now, let’s break down each account option:
Account Sizes and Initial Capital
- $25,000 Account: This entry-level option requires a smaller evaluation fee, making it attractive to new traders or those testing strategies in a low-risk setting.
- $50,000 Account: Suited for traders with confidence in their skills, offering more capital to execute strategies and potential for higher returns.
- $75,000 and $100,000 Accounts: Designed for experienced traders managing larger capital, providing opportunities to better leverage market conditions and increase profits.
Traders must pass two phases of evaluation:
- Phase 1: Achieve a 10% profit target while maintaining an 8% overall drawdown and 5% daily drawdown limit.
- Phase 2: After passing Phase 1, the target lowers to 5%, with the same drawdown limits.
Evaluation Process and Risk Management
The process assesses risk management and profitability. Traders are not under time pressure to meet targets, making it ideal for swing traders and those with a longer-term approach.
Profit Splits and Scaling
Upon passing, traders receive funded accounts with up to 95% profit splits, one of the industry’s highest. They can scale accounts up to $500,000 by maintaining a 10% growth rate.
Trading Period and Flexibility
With unlimited trading periods, traders can take their time to hit targets. Fortuna Traders also allows holding positions overnight, trading during news events, and copy trading.
Merging and Payouts
Multiple accounts can be merged for simplified management. Flexible payout cycles (weekly, bi-weekly, monthly) ensure traders access their earnings efficiently.
In conclusion, Fortuna Traders provides a diverse range of funded accounts and a flexible trading environment, catering to both novice and experienced traders.
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Is Getting Funded on Fortuna Traders?
The reality is that if you are a consistently profitable, disciplined trader, securing capital from Fortuna Traders is perfectly achievable. Although challenging, it is a realistic opportunity for traders with an established strategy to reach a 10% profit target in phase one and a 5% target in phase two. Fortuna Traders provides traders with unlimited time to trade, offering flexibility without pressure.
Upon completing the evaluation, traders receive access to funded accounts with up to 95% profit splits. The scaling plan, allowing accounts to grow to $500,000, is ideal for those managing larger portfolios. With responsible risk management and consistent performance, traders can gradually scale their accounts and potentially manage significant capital.
What Brokers Does Fortuna Traders Use?
Fortuna Traders collaborates with the reputable Taurex Broker, which offers access to diverse markets. Taurex provides a professional trading environment with low spreads, fast execution times, and deep liquidity. The platform used is cTrader, enhancing the trading experience with advanced tools and user-friendly features, including excellent charting functions.
This partnership gives Fortuna Traders access to institutional-grade trading conditions, essential for consistent profitability, especially when managing large capital accounts. The reliability and authorization of Taurex as a broker adds an extra layer of trust to Fortuna’s overall offering.
What Trading Instruments Do Fortuna Traders Offer?
Fortuna Traders offers a wide variety of tradable instruments for traders with different strategies and preferences. The broker supports trading in:
- Forex: Major and minor currency pairs.
- Commodities: Gold and silver being the primary options.
- Indices: Various global stock market indices.
- Cryptocurrencies: Well-known digital currencies like Bitcoin.
This diversity allows traders to create multi-asset portfolios and seize opportunities across different markets. The flexibility in asset choice is especially valuable for those looking to diversify risk or capitalize on industry trends.
What Are the Rules & Restrictions on Fortuna Traders?
At Fortuna Traders, a systematic set of rules and limitations ensures responsible trading and risk management. These include:
- Profit Targets: 10% in phase one, and 5% in phase two.
- Maximum Drawdown: 8% on the account balance.
- Daily Drawdown: Capped at 5% to limit risk exposure.
- Minimum Trading Days: At least 3 profitable trading days during the evaluation phase.
Traders must also implement solid risk management strategies, such as using stop losses and other protective measures. These rules promote disciplined trading while allowing flexibility in style and strategy.
What Leverage Can You Use on Fortuna Traders?
Competitive trading leverage at Fortuna Traders varies by asset class:
- Forex: 1:100 leverage, offering significant buying power for currency traders.
- Metals: 1:30 leverage for trading gold and silver.
- Indices: 1:20 leverage for stock indices.
- Cryptocurrencies: 1:2 leverage for crypto assets.
These leverage levels strike a balance, allowing traders to take larger positions while managing risk, particularly in more volatile markets like cryptocurrencies.
Fortuna Traders Trust Pilot Reviews
Fortuna Traders has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.3 out of 5 from 36 reviews.
Fortuna Traders Support and Help
Contact Fortuna Traders
Email: support@fortunatraders.com
Social Media Profiles
Conclusion
Fortuna Traders is designed for traders who want to manage large amounts of capital without risking their own money. The firm stands out in the prop trading industry with its flexible rules, generous profit splits, and wide variety of assets. With a clear path to scaling accounts and a reputation for reliable payouts, Fortuna Traders provides a great opportunity for serious traders to elevate their trading careers.
FAQ’s
Fortuna Traders is a proprietary trading firm that offers funded accounts to traders who successfully pass its two-phase evaluation process. The firm allows traders to access up to $200,000 in capital with the possibility of scaling to $500,000, while offering up to 95% profit splits and an unlimited trading period to meet profit targets.
Fortuna Traders provides access to a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. This allows traders to diversify their strategies and trade multiple asset classes.
Fortuna Traders offers traders up to 95% of the profits they generate once they receive a funded account. This high profit split is one of the firm’s key selling points, making it highly competitive among prop trading firms.
Initially, traders can manage accounts ranging from $25,000 to $100,000. With consistent performance and successful growth, traders can scale their accounts to a maximum of $500,000.
No, one of the key advantages of Fortuna Traders is that traders have unlimited time to complete their evaluation and meet profit targets. This removes the pressure of deadlines and allows traders to proceed at their own pace.
