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For Traders is a newly established proprietary trading firm, having launched in July 2023. In a short time, the company has garnered a fair amount of attention within the trading community, evidenced by its 4.2 TrustPilot rating and a rapidly growing social media presence across platforms like X (21.9k followers), Facebook (3.1k followers), Instagram, YouTube, and TikTok. They also have an active Discord group to support their traders. CEO Jakub Roz leads the company and, while his personal LinkedIn following of 1,863 is relatively modest, For Traders has quickly positioned itself as an emerging player in the prop firm space. The firm offers trading challenges designed for traders looking to access substantial funded capital and provides multiple platform options, such as cTrader, TradeLocker, and DXTrade for U.S. clients. Despite being a young firm, For Traders differentiates itself by offering competitive profit splits and a flexible challenge structure, although the website could benefit from a more streamlined and less overwhelming user interface.
For Traders offers a 2-step challenge designed to assess traders’ consistency and risk management:
• Daily balanced-based drawdown: The challenge focuses on a drawdown mechanism to protect both the trader and firm from significant losses.
• Maximum total drawdown: 10%, a standard limit that provides flexibility while enforcing disciplined trading.
• Profit Split: Traders earn 80% of their profits, with an additional 15% bonus if they perform well during the challenge phase.
The firm’s profit targets are set to strike a balance between attainable goals and maintaining trader discipline:
• Phase 1 Profit Target: 6% (with a 2% daily profit cap)
• Phase 2 Profit Target: 6% (with a 2% daily profit cap)
These targets are reasonable and can be achieved by traders who follow strict risk management strategies.
The leverage offerings vary depending on the trading phase and the asset class:
• Challenge Phase:
• Forex: 1:125
• Indices: 1:20
• Commodities: 1:40
• Funded Phase:
• Forex: 1:40
• Indices: 1:20
• Commodities: 1:20
(Note: Once funded, leverage for indices and commodities drops further to 1:10, which may affect traders’ ability to manage larger positions.)
This structure may appeal to traders looking for a balance between risk and reward, though some may find the reduced leverage in the funded phase restrictive.
For Traders supports a range of platforms, offering flexibility depending on the region:
• cTrader and TradeLocker for most global users
• DXTrade for U.S.-based traders
Traders have access to a variety of instruments, including:
• Forex
• Commodities
• Metals
• Indices
These platform options and instruments ensure traders can diversify their trading strategies across various asset classes.
One downside of the For Traders platform is its busy and overwhelming website. Navigating the platform can feel cluttered, which may detract from the overall user experience, particularly for new traders.
For Traders offers an 80% profit split, with an additional 15% bonus for traders performing well during the challenge. However, there is no clear information about the payout turnaround time, which might be a drawback for traders prioritising quick withdrawals.
• Minimum Payout: $100
• Payout Leaderboard: The firm has a public leaderboard displaying payouts, which helps build trust, but more clarity around payout processing times would enhance transparency.
For Traders is a promising new prop firm with competitive profit splits, a flexible challenge structure, and access to diverse platforms and instruments. However, traders should be mindful of the platform’s user interface and the lack of transparency surrounding payout times. The firm’s TrustPilot warning about incorrect content displays is also something potential users should consider. Despite these points, For Traders shows great potential, especially for traders looking to join a firm with growing social media traction and solid trading infrastructure.
