What is the FCI Markets Development Program?
FAQ's
Frequently Asked Questions
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1. Can anyone join the FCI Funding program?
Anyone can register and have their live account monitored. However, allocations will only be granted to competent traders that can demonstrate superior risk-adjusted performance.
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2. Is there a Fee to join the program?
Yes, there is a fee for the course plus funds to run your strategy. Please enquire with our team to find out more; [email protected]
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3. What kind of trading strategies do you allow?
We allow all kinds of strategies: low frequency daily models, swing models, intraday and high frequency models. If you are an algorithmic trader, please reach out to us to clarify any doubts. There is no minimum number of trades, or restrictions on how you can trade. We want you to trade to your strengths.
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4. What is Your Assessment Criteria?
If you have a successful trading history on a live account (at least 12 months' worth) prior to joining FCI Markets, you will still need to verify your performance for 3 months on a live FCI Markets account and maintain a Sharpe Ratio above 1.0.
If you have no trading history on a live account, you will need to start trading on an FCI Markets account for at least 6 months and obtain a Sharpe Ratio of 1.0 at least. However, without a track record you may be interested in our Professional Trader Academy, which grants outstanding graduates opportunities for possible funding.
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5. How Often Will You Check my Performance?
Reviews are conducted on a quarterly basis (3 months).
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6. Can you guarantee I will get funded?
No, there are no guarantees in this business. However, every trader that registers for the program will be monitored by our team. Alternatively, you may be interested in our Professional Trader Academy, which grants outstanding graduates opportunities for possible funding.
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7. What is the minimum account size for the program?
There is no minimum account size as this depends on you risk appetite and your trading strategy.
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8. How much funding can I receive?
Allocations will be at the discretion of FCI. If you continue to deliver superior risk-adjusted returns with Sharpe Ratios above 1 (better if above 2), allocations can grow each quarter up to a maximum of USD 1Mln.
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9. What is my profit split?
Your profit split depends on your Sharpe Ratio. The percentage of split will be tiered based on your Sharpe Ratio.
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10. Can I withdraw my funds?
Yes. The process is detailed in our Client Agreement. Obviously, any funding provided by FCI cannot be directly withdrawn.
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11. Will FCI cover my losses?
No. You are responsible for any losses incurred to personal funds. FCI Markets will only absorb losses sustained on trades executed on funded capital.
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12. Am I responsible for the losses on funds allocated by FCI?
No. Any losses incurred on trades executed using FCI Markets funding are the responsibility of FCI Markets.
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13. Can FCI Markets Remove Me from the Program?
Yes. FCI Markets reserves the right to remove traders form the program if:
- the trader experiences significant losses using FCI Markets' funds;
- the trader deviates significantly from prior trading habits;
- the traders' Sharpe Ratio drops below 1.0;
- the trade exceeds drawdown limit from the high water mark. -
14. Can You Train Me?
The Funding program is directed at competent & disciplined traders that have an established track record.
If you do not have a track record, we would suggest enrolling onto our Professional Trader Academy Course.