CFDCyprus

Forge of Traders

Explore available platforms, evaluation programs and payout rules.

Score: 5.5/10
Safety grade: D
Direct funding: Not available

Read full company overview

Forge of Traders is a CFD prop trading firm operated by PlanetPulse Holdings LTD, based in Nicosia, Cyprus. It offers Instant Funding plus One, Two, and Three-Phase evaluation challenges up to $500,000 across FX, metals and indices CFDs, with an 80% base profit split upgradeable to 90% via add-on. Risk parameters use a 10% static maximum drawdown and an EOD balance-based daily drawdown that resets at 21:00 UTC, with a minimum of 3 non-consecutive trading days and no maximum time limit. Funded traders can request a first payout on demand after one full trading day, then bi-weekly, with a $50 minimum threshold.

Profit splitUp to 90%

PayoutsBi-weekly

Platforms

Trading platforms supported by Forge of Traders.

Match Trader

A modern platform with advanced charting.

DXTrade

Trading platform supported by this firm.

Programs & evaluation

Choose from a range of evaluation programs with flexible profit splits and trading conditions.

Profit split: Up to 90%
Programs & evaluation: Multiple programs (see official website)

1 Phase Challenge $10K

Account size: $10K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $10K

Account size: $10K
Profit target: 8%
Drawdown model: Static

View all 35 programs

3 Phase Challenge $10K

Account size: $10K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $10K

Account size: $10K
Drawdown model: Static

1 Phase Challenge $5K

Account size: $5K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $5K

Account size: $5K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $5K

Account size: $5K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $5K

Account size: $5K
Drawdown model: Static

1 Phase Challenge $25K

Account size: $25K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $25K

Account size: $25K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $25K

Account size: $25K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $25K

Account size: $25K
Drawdown model: Static

1 Phase Challenge $50K

Account size: $50K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $50K

Account size: $50K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $50K

Account size: $50K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $50K

Account size: $50K
Drawdown model: Static

1 Phase Challenge $100K

Account size: $100K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $100K

Account size: $100K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $100K

Account size: $100K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $100K

Account size: $100K
Drawdown model: Static

1 Phase Challenge $200K

Account size: $200K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $200K

Account size: $200K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $200K

Account size: $200K
Profit target: 8%
Drawdown model: Static

1 Phase Challenge $400K

Account size: $400K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $400K

Account size: $400K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $400K

Account size: $400K
Profit target: 8%
Drawdown model: Static

1 Phase Challenge $500K

Account size: $500K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $500K

Account size: $500K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $500K

Account size: $500K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $75K

Account size: $75K
Drawdown model: Static

1 Phase Challenge $250K

Account size: $250K
Profit target: 10%
Drawdown model: Static

2 Phase Challenge $250K

Account size: $250K
Profit target: 8%
Drawdown model: Static

3 Phase Challenge $250K

Account size: $250K
Profit target: 8%
Drawdown model: Static

Instant Funding Challenge $1K

Account size: $1K
Drawdown model: Static

Instant Funding Challenge $2K

Account size: $2K
Drawdown model: Static

Payouts & rules

Get paid bi-weekly with a variety of methods and clear rules.

Payouts & payments: Multiple options (see official website)
Payouts & payments: Multiple options (see official website)
Payouts: Bi-weekly
Payout frequency note: First payout available on demand after 1 full trading day and verification, then bi-weekly on demand

Payout rules

On Demand: Yes
Min Withdrawal: 50
Processing Time: Usually same business day, up to 72 hours for complex cases
Payouts: On-demand first payout after 1 full trading day, then on-demand every 14 days (bi-weekly cycle)
First Payout Days: 1

Trading rules

Notes: 2% max risk rule: no single trade may exceed a 2% loss (floating or realized) of the initial account balance, across evaluation and funded stages. Manual audits triggered post-evaluation and before each payout. Instant Funded requires no consistency score or minimum trading days.
Reset Fee: 90% of the original challenge price
Reset Note: Unlimited resets available when a challenge is failed, at 90% of the initial price
Holding Note: Positions must be flat Friday 3:45pm; weekend holding available only via the paid Swing Trading add-on (+30%)
Max Leverage: 1:30 FX, 1:20 Metals & Indices
Reset Allowed: Allowed
Scalping Note: All trades must be held a minimum of 40 seconds; rapid scalping/high-frequency entries are prohibited
Hedging Allowed: Allowed
Inactivity Rule: Funded accounts must have at least one compliant trade within every 30 calendar days
Scalping Allowed: Not allowed
Max Position Size: Maximum 3 positions (layers) per instrument
News Trading Note: Trading high-importance events within +/- 3 minutes of release (ForexFactory calendar) is prohibited on both evaluation and funded accounts
Min Trade Duration: 40 seconds
Allowed Instruments: FX, metals and indices CFDs
Challenge Time Limit: No maximum time limit
Drawdown Type Funded: Static, with an equity lock moving the max drawdown floor to the initial balance once 10% funded profit is reached
News Trading Allowed: Not allowed
Drawdown Model Funded: static
Ea Automation Allowed: Not allowed
Prohibited Strategies: Grid trading, latency/cross-firm arbitrage, hedging to guarantee profit, signal mirroring, prop-passing services, EAs/bots/scripts, holding single-share equity CFDs during earnings
Consistency Rule Funded: No consistency rule applies to funded accounts; the 50% Consistency Score requirement applies only to Phase 1 of the evaluation.
Drawdown Type Challenge: Static (overall) anchored to initial balance; daily is EOD balance-based
Weekend Holding Allowed: Not allowed
Drawdown Model Challenge: static
Consistency Rule Challenge: 50% Consistency Score required for the One-Phase challenge

What stands out

Published advantages and trade-offs to review before choosing a program.

Key benefits

Instant Funding up to $100K, 1/2/3-phase challenges up to $500,000, profit split up to 90% via add-on, 10% static max drawdown, unique equity lock on funded accounts, day-1 payout availability then bi-weekly on demand, $50 minimum payout threshold, unlimited resets at 90% of challenge price, 1-week insurance add-on, no time limit, minimum 3 trading days

Things to consider

40-second minimum trade duration rule (scalping prohibited); no EAs, bots or scripts; Maximum Aggregated Risk Rule of 2% of current balance on evaluation accounts and 1% on funded accounts, measured across all simultaneously open positions rather than per trade; maximum 3 positions (layers) per instrument; news trading prohibited within +/- 3 minutes of high-impact events; weekend holding only via paid add-on; funded account auto-suspended if equity returns to initial balance after the equity lock triggers; 30-day funded inactivity breach

Bring the decision into focus

Know the rules. Track the result.

Use a free BitStat account to build your Automated Journal from the trades you take and review the decisions behind them.

Start free See pricing

Already have an account? Log in

Your account data stays read-only.