Scale-up plan is an increment in the funded capital of the prop trader, a necessity to grow the funded account and earn a bigger profit.
Most prop firms in the forex industry offer scale-up plans on the funded capital. This is a sequential increment of the capital if the traders meet certain targets given by the proprietary firms. Let’s look deep into what this scale-up plan is in the top few prop firms and how it helps prop traders.
What is a Scale-up Plan?
Simply put, scale-up plan is a process of gradual increment of a prop trader’s funded balance. If traders are consistent in earning a profit and minimize their losses, they will be eligible for the prop firm’s scale-up plan. Let’s look into prop firms’ scale-up plans below.
FundedNext
40% increment in every 4-month cycle till $4 million.
1. Every 4-month cycle, traders can increase their capital with FundedNext.
2. Traders must need to meet at least 10% account growth accumulatively over four consecutive months in a real account.
3. In these four consecutive months, traders need to make a minimum of two payouts and the last month should end in profit.
4. Eligible traders will get a 40% account balance increase of up to 4 million.
FTMO
25% Increment in every 4-month cycle.
1. Every 4-month cycle, traders can increase their capital with FTMO.
2. For a capital increase, the trader has to generate at least 10% of net profit (20% in the case of an Aggressive account type) in four consecutive monthly cycles.
3. At the same time, the trader has to process at least 2 payouts within the 4-month period.
4. The trader’s account balance needs to be above the initial account balance (in profit) at the time of scale-up.
My Forex Funds
30% increment in every 4-month cycle.
1. Every 4-month cycle, traders can increase their capital with My Forex Funds.
2. Traders must meet at least 10% cumulative account growth in four consecutive months in a real account.
3. And 2 of the 4 months must be in profit.In these four consecutive months, traders need to make a minimum of two payouts, and the last month should end in profit.
E8 Funding
1. Traders must earn 16% or more within 30 trading days and ask for a payout.
2. If a trader is trading in a $100K account and earns 16%, his/her account will be scaled up to $116K.
Benefits of the Proprietary Firm’s Scale-up Plan:
The scale-up plan helps traders to grow their account and earn a bigger profit. So, if a trader wants to earn big, he or she needs to be consistently profitable and grow their account safely. But always keep in mind that the more they grow your account, the riskier it becomes as the daily and overall Loss Limit will increase in ratio with the increased capital.
