Unveiling the Swift Trader Initiative
Introducing the Swift Trader Initiative
Emerging in May 2021 and headquartered in the United States, the Swift Trader Initiative has risen as a premier proprietary trading entity within the forex landscape. Offering a platform for traders to manage capital allocations up to $1,500,000 with a profit-sharing arrangement extending up to 90%, the initiative is capturing the attention of forex enthusiasts globally.
An Overview of the Accelerated Challenge
At the heart of the initiative lies the Accelerated Challenge, designed for traders seeking a rapid assessment process. Let’s delve into the specifics regarding account sizes and challenge regulations.
Account Sizes and Enrollment Fees
The Accelerated Challenge offers varying account sizes alongside corresponding one-time enrollment fees:
– $50,000 account for a single fee of $299
– $100,000 account for a one-time fee of $499
– $200,000 account for a one-time fee of $899
Rules of Engagement in the Accelerated Challenge
The Accelerated Challenge operates under the following guidelines:
– Profit target for Phase 1: 8%
– Profit target for Phase 2: 5%
– Daily drawdown limit: 5%
– Overall drawdown limit: 8%
– Minimum trading days: No fixed requirement, allowing flexibility in achieving targets
– Maximum trading period for Phase 1: 35 calendar days
– Maximum trading period for Phase 2: 60 calendar days
– Leverage: 1:100
Progression and Scaling Opportunities
Introducing the Swift Trader Initiative, including the Accelerated Challenge
- Various account sizes with corresponding registration fees
- Specific guidelines for profit targets and reduction limits
- Scaling opportunity and greater profit division
- Criteria and incentives to increase account balance
- Adaptive evaluation mechanism for expert traders
Successful completion of the Accelerated Challenge grants traders access to a funded account with an 80% profit split initially, potentially increasing to 90% upon scaling.
Scaling Blueprint for the Accelerated Challenge
The scaling blueprint within the Accelerated Challenge incentivizes consistent profitability and offers favorable terms for scaling up:
– To qualify for scaling, a trader must achieve a 10% profit in a single profit split.
– Achieving this target allows for an additional 10% increase in account balance upon withdrawal, provided the withdrawal surpasses 10% of the initial account balance.
– Notably, meeting the 10% scaling criteria in two out of three months renders traders eligible for a permanent 90% profit split.
The swift evaluation mechanism underscores the Swift Trader Initiative’s dedication to providing adaptable and trader-centric pathways to funding. With its competitive structure, the Accelerated Challenge caters to adept traders keen on showcasing their prowess within a condensed timeframe.
