How do I pass an assessment?
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How do I pass an assessment?
To successfully complete the FT Mogul assessment, your objective is to achieve a 10% profit within your account. The assessment is considered passed when your account’s equity reaches or surpasses 10% of the initial balance. Upon reaching this threshold, the assessment concludes, and all trades within your account are automatically closed.
Can I use an Expert Advisor (EA)?
Yes. You can trade with an automated trading strategy, provided you are the developer or have purchased a commercial robot and customised the functionality for your strategy.
Am I allowed to hold trades over the weekend?
Yes, there is no time limit to trade durations, and we allow the trader to hold trades over weekends.
Can I use a high-frequency trading strategy?
No. Our objective is to cooperate with traders using strategies we can replicate. HFT strategies are hard to monetise and often result in poor performance.
Can I use automated strategies or custom indicators to trade?
Indeed, certain optimal trading strategies hinge on personalized indicators and automation. Whether you adopt a manual point-and-click approach or employ an Expert Advisor (EA), both are acceptable to us. What holds significance is that the strategy is one you’ve formulated, rather than one acquired solely for meeting assessment requirements.
How much leverage can I trade with?
At FT Mogul, different instruments have different allowed maximum leverage. The default leverage for Forex is set at 1:50, but there’s an option to enhance it to 1:100. Indices, commodities including oil and metals have a maximum leverage of 1:20. Crypto has a maximum leverage of 1:2. Opting for higher leverage translates to increased purchasing […]
What instruments can I trade?
ThinkMarkets, our collaborator, provides an extensive array of trading instruments encompassing currency pairs, cryptocurrencies, precious metals, oil, and indices.
What are the commissions?
When engaging in trading activities involving currencies, metals, and cryptocurrencies, a commission of $7 per lot applies. Conversely, trading oil or indices incurs no commission charges.
Can I have more than one account?
Yes. Simultaneous engagement in multiple assessments is permissible, granted that the accounts are utilized for different products and strategies. A cap of $1,000,000 is placed on the allocation to each trader at any specific juncture, and a maximum of 4 accounts are permitted at the same time.
Am I trading real money?
Actual funds are not being traded. The execution of all orders takes place within a simulated environment utilizing virtual funds.