Trader Dock Brokerage Funded Account
Trader Dock is an aspiring traders’ path to professional trading. The company offers a challenge to new traders to pass and those who do receive a fully-backed professional trading contract with up to 80% profit share.
The Trader Dock Challenge is a two-stage challenge formulated to evaluate the performance and caliber of budding traders. The company has partnered with Positive Equity for training and mentoring that provides traders with relevant theoretical and practical knowledge and skills.
The first stage of Trader Dock challenge is all about control. Novice traders need to trade for at least ten days and hit the profit target of $2,500 with a daily loss limit of $1,000 and a maximum drawdown of $2,000. The price for the first stage of the challenge is $200 per month.
Stage 2 of the challenge evaluates consistency. Traders have to, again, trade for at least ten days and hit the profit targets and remain within the loss limits. The challenge-takers can either repeat the stage or improve upon Stage 1 to graduate to live trading. The strength of a live trading account depends on the net profit generated in Stage 2. The second stage of the challenge also costs $200 per month.
The students who pass the 2-stage challenge receive a fully-funded live trading account. If the net profit in Stage 2 is more than $2,500, traders get a Bronze live account with a 60% profit share, five lots, and a maximum drawdown of $2,000. Traders with a net profit of more than $3,000 qualify for a Silver trading account with a 70% profit share while those with net profit more than $4,500 qualify for a Gold live account with a profit split of 80%.
Trader Dock supports traders throughout with its educational videos, webinars, professional-grade trading software, and trading tools.