Fast Track Trading is a new 2024 futures trader firm with a lot of benefits. The biggest and most notable aspect is NO Evaluation! You just right to a performance account. As such it’s a one time fee, costs a bit more. There are several account sizes available.
You can also read my review of Fast Track Trading here (coming soon)
Also, be sure to check my Exclusive Promos page – I always have a discount on Fast Track Trading just for you!
Is Fast Track Trading Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not. I have not heard of one problem, but many success stories.
Have You (Canadian Futures Trader) Been Paid by Fast Track Trading?
I haven’t signed up with an account with Fast Track Trading myself. No reason other than I already have a ton of funded futures accounts at other firms, and primarily trade my own capital these days. I still think Fast Track Trading is a fantastic option for people who want to get a funded account immediately (up to 20) and skip the evaluation phase.
Is There A Daily Draw Down With Fast Track Trading?
Fast Track Trading has no daily draw down amount. They do have a Maximum Loss Limit – if your account breaches it, you lose your account. Note it does not trail at all. You can learn more about in their FAQs on their website.
What Are The Rules of Fast Track Trading?
Since you jump right to a funded account there are no evaluation rules. Other general rules though:
- Do not violate the maximum loss limit on your account size
- Meet the consistency rule for withdrawals – no more than 20% of your profits can come from a single day
That is essentially it. It operates as close to a live brokerage account as possible while still trading someone elses money!
What Are The Commissions For Trading Futures With Fast Track Trading?
The commissions vary by product, and there are none at first! If you visit the FAQs section of their site there is a list with the commissions.
What Software Can I Use For Fast Track Trading Evaluation?
Rithmic feed is available and will be the data feeds for Fast Track Trading. Rithmic does have their own software, RTrader Pro which is free.
On top of these free options, you can use any software package that is capable of connecting to Rithmic. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.
How Do I Withdraw Money From Fast Track Trading?
Fast Track Trading withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- First withdraw can be after 5 trading days
- Subsequent withdrawals there has to be 10 trading days in between
- Once approved, sit back and enjoy your profits!
What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 90/10 split? If you are capable of making that kind of money you would not want to give up 10%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Second, in a Performance Account when you show more than average aptitude with trading, you’ll be moved into a fully funded account and/or your trades copied to a master account. Your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With Fast Track Trading?
Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with Fast Track Trading.
What Are The Monthly Fees?
There is no monthly fee at all. You pay once for your account and that is it!
If I Break A Rule Can I Reset My Account?
Since there is no evaluation phase, there are also no resets. You pay once for your account, don’t blow it!
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about Fast Track Trading. I definitely recommend them, they are one of the standout great new firms of 2023! Be sure to check out my Exclusive Deals Page for the latest Fast Track Trading 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.