How FCT Works?

FCT mission is to find successful traders and provide them with the quality services, tools, education and generally the environment to push them further and enable them to trade for a living and make their dream come true.

FCT has developed a way to objectively identify and educate talented traders in the ranks of those interested in trading, without the risk of financial loss on the part of clients. The process of this identification and validation of traders' skills consists of access to online training programs and analytical applications and an online platform that allows simulated trading in various financial instruments.

Furthermore, FCT itself actually engages in trading activities on its own account with its own capital, using, among other things, data from simulated trades executed by selected FCT clients.

 

How does it all work?

The FCT Evaluation Courses

At the beginning of the process there is a so-called FCT Challenge. The FCT Challenge is a comprehensive digital product consisting of educational materials, trading and analytical applications and, in particular, a simulation of real trading with currency pairs and other financial instruments where FCT clients can experience what it is like to be a real trader. For this purpose, a demo account was provided to the client, offering insights into the real financial markets, where he/she trades with fictitious capital that he/she is to try to evaluate, in accordance with pre-set transparent objectives and rules.

The main purpose of this simulated demo trading is to evaluate the talents, capabilities and competencies of FCT clients in trading within the financial markets. If clients successfully demonstrates their skills in all of the FCT Evaluation Stages, they are eligible to apply for an FCT Funded Account - and thus have the opportunity to receive a real financial reward for this simulated trading.

The Rules

The rules set up for the simulated trading in the FCT Challenge are based on the real rules applied in financial market trading by investment companies and also in real trading on FCT's own account, especially in the area of risk management. The application of these rules therefore contributes to the education of clients in the area of trading and at the same time provides FCT with objective parameters for the selection of clients whose trades it will monitor and, where appropriate, emulate in its trading on real financial markets.

Our clients benefit from the FCT Challenge, even if they do not meet all the requirements and move forward in the process. Our main objective is to educate our clients, which is facilitated through simulated trading exercises and the provision of various educational materials, including unique videos, analytical tools, and performance evaluations based on their simulated trading performance.

At the same time, the very act of simulated trading, where clients try to follow the set rules, takes them further and teaches them how to trade investment instruments without the risk of losing their or other people's capital. Everyone who participates in an FCT Challenge receives the benefits of this unique experience.

The Evaluation Courses involve multiple phases, designed to assess the client's skills accurately, rather than relying on luck in trading. The goal is to ensure that the client is indeed able to trade successfully while meeting the set rules.

If the clients adhere to the rules throughout all evaluation phases, they will be eligible to move forward to the FCT Funded Account, a significant milestone in their progress.

The FCT Funded Account

Even in the case of an FCT Funded Account, traders has access only to a simulated demo account with fictitious capital, which mean there is no trading with real funds. Therefore, the Trader never gains access to a real "live account" or "margin account" etc. However, the FCT Funded Trader will receive a real financial reward for his trading on the simulated demo account, as long as his trading is profitable and there is no violation of the contractual conditions.

Under the provisions of the FCT Funded Account Agreement, the trader agrees that his trading data may be used by FCT for trading on its own account. Therefore, FCT can actually profit from the simulated trading performed by FCT Funded Traders.

The FCT Funded Trader will always receives its contractual remuneration, regardless of whether or not FCT has decided to use the trade data in its live trading.

Although the entire environment and trading is simulated, real data provided by liquidity providers is available in the platform. Thus, in the case of simulated trading performed by FCT Funded Traders, liquidity providers only provide data on the prices of individual instruments and never perform their standard function of a market maker, as all trading takes place exclusively in a simulated environment on a demo account. FCT also uses these liquidity provider services for its internal trading on its own account, where it invests its own capital in real trading on the financial markets.

Execution of simulated trades within the Free Trial, Competition, FCT Challenge and after obtaining the FCT Funded Account always takes place under the same execution conditions, which are always transparently available to our clients and which correspond to our efforts to make the conditions of real trading as close as possible. There is never any hidden intervention or application of specific conditions to specific clients on FCT platforms. All clients within each trading platform are always set uniform terms and conditions, regardless of trading strategy, whether they profit or not, etc.

Copying trades and execution of FCT Funded trades

As mentioned above, FCT trades for its own account, among other things, based on data obtained from FCT Funded Traders. In this regard, FCT continuously monitors and analyses the trades executed by FCT Funded Traders in the demo environment and subsequently evaluates (notably based on the use of its internal algorithm) whether trades are executed for FCT's own account, where applicable.

This execution occurs without any impact on FCT Funded Traders and their simulated trading. The Trader is in no way influenced by FCT's trading. The trader receives a reward from his simulated profit on the FCT Funded Account even if his trades were not executed in the internal trading of FCT.

 

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