October 2024 Update: I’ve decided to no longer work with several firms as there are industry regulations coming and I don’t believe several firms will meet the criteria, including this one. I am leaving this article up but all links to to companies I no longer represent will forward back to my main Deals and Promos Page.
You can find more information here: Regulations Are Coming – October 2024 and also find my list of recommended companies that will be compliant.
FlexyTrade is a 2024 trader evaluation firm with a lot of benefits. Trade up to 20 funded accounts, purchase accounts in bundles (instead of one at a time) and only a one time evaluation fee (not a monthly billing) make FlexyTrade very attractive to new traders. Below are the FAQs about FlexyTrade as of July 2024. Note that rules and faqs change with firms, so please visit their site for the most up to date faqs and rules.
You can also read my review of FlexyTrade here.
What Educational Resources Does FlexyTrade Provide?
Futures trading demands a deep understanding of market strategies and dynamics. Success in trading goes beyond just buying and selling; it depends on education and the traders dedication to learning. Learning the basics and complexities of futures trading helps people make informed decisions and achieve profitable results. Education supports traders in developing effective trading plans, managing risks, and keeping on top of of market trends—essential for success in this ever changing field. FlexyTrade stresses the importance of education, providing a mix of educational content and practical trading solutions to equip their clients for success.
What Educational Programs Does FlexyTrade Offer?
FlexyTrade offers a range of educational resources designed for both beginners and experienced traders. These include online tutorials, webinars, and interactive courses covering trading basics, advanced strategies, and risk management.
Does Regulation Oversee FlexyTrade?
The National Futures Association (NFA) and the CFTC do not mandate FlexyTrade or similar futures trading entities to join any specific organization. FlexyTrade prioritizes adherence to regulations, selecting only data providers approved by the CME Group, such as Rithmic for executing trades. This ensures that FlexyTrade maintains a hands-off approach regarding order handling, manipulation, or delays, offering transparency and fairness in all transactions without directly engaging as a trade counterparty.
How Can I Get Started Trading With FlexyTrade?
To get started, visit the FlexyTrade website and click on the ‘Sign Up’ button to create your account. Follow the steps to register for a trading challenge with them, and then you can deposit funds into your account. FlexyTrade recommends beginning with their educational resources to enhance your trading knowledge and skills.
Are The FlexyTrade Challenge Plans a One-Time Payment?
FlexyTrade Challenges require just a single payment, with no ongoing fees for the challenge itself. This fee grants access to the challenge and all necessary resources for completion. However, FlexyTrade’s challenge emphasizes active and consistent trading, not just platform access or data use. Inactive traders may face account termination.
How Long Do I Have To Complete The Challenge at FlexyTrade?
The Challenge is designed to be flexible to accommodate different trading styles and strategies, without imposing a minimum or maximum number of trading days. This approach allows traders to demonstrate their skills under various market conditions at their own pace.
Can I Have Multiple Accounts and Copy Trade Them?
Yes, traders are allowed to have multiple challenges with FlexyTrade and manage up to 20 performance accounts at the same time. This enables traders to test and implement different strategies. Copy trading is also allowed across multiple accounts, up to 20 accounts.
Are There Are Prerequisites For The FlexyTrade Educational Resources?
Most of our educational resources are designed to be accessible to everyone, regardless of their prior trading experience. However, some advanced courses might require a basic understanding of trading principles.
How Often Are New Educational Resources Created?
FlexyTrade regularly update and add new materials to our educational offerings. Subscribers to their newsletter receive updates whenever new content is available.
Conclusion
Hopefully the above FAQs cover most of the questions you may have about FlexyTrade. I definitely recommend them, they are one of the standout great new firms of 2024! Be sure to check out my Exclusive Deals Page for the latest FlexyTrade promo!
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.