OFP has just 3 simple rules that need to be followed to get a payout:
Your equity must not exceed or match your maximum balance of the day minus the account margin.
Each day is considered to start from midnight (CET).
The Maximum Daily Loss is selected at checkout.
Failure to adhere to this rule will result in the closure of your account.
Account Max Daily Loss:
Account Initial Balance | 5,000 | 10,000 | 25,000 | 50,000 | 100,000 | 200,000 |
Daily Loss 5% | 250 | 500 | 1,250 | 2,500 | 5,000 | 10,000 |
Daily Loss 4% | 200 | 400 | 1,000 | 2,000 | 4,000 | 8,000 |
Daily Loss 3% | 150 | 300 | 750 | 1,500 | 3,000 | 6,000 |
Your equity or account balance must never drop below the maximum total drawdown limit for the selected account.
Account Initial Balance | 5,000 | 10,000 | 25,000 | 50,000 | 100,000 | 200,000 |
Max Loss 10% | 500 | 1,000 | 2,500 | 5,000 | 10,000 | 20,000 |
Max Loss 8% | 400 | 800 | 2,000 | 4,000 | 8,000 | 16,000 |
Max Loss 6% | 300 | 600 | 1,500 | 3,000 | 6,000 | 12,000 |
Failure to adhere to this rule will result in the closure of your account.
Example 1: You have a reference balance of 100K account. Your Maximum Overall Loss is a fixed 8% and your Maximum Daily Loss is 4%. Your Maximum Overall Loss is $92,000.
Example 2: You have a reference balance of 105K account. Your Maximum Overall Loss is a fixed 8% and your Maximum Daily Loss is 4%. Your Maximum Overall Loss is $97,000.
The Trader Value Score is a measure of your consistency.
The Trader Value Score cannot be equal to or higher than the selected account Max Trader Value Score.
The Trader Value Score (TVS) can be calculated as the total profit of your best day divided by the total PnL of your reference period.
The value of the Max TVS depends on the selected model.
Having a high TVS will NOT result in the closure of the account.
Example:
The account balance at the start of your trading period (after the first deposit or after a payout) is $154,000.
After 13 days of trading, the account balance has increased to $164,132, with a PnL of $10,132.
During this period, the best trading day had a profit of $3,200. The TVS is 3,200/10,132 = 31,6%.
If the following day, the trader closes the day with a profit of $2,000, the new TVS is 3,200/12,132= 26,4%.
NB: trading during news is permitted. However, news straddling methods are prohibited as they are not replicable in live market conditions. For this reason, we suggest you avoid trading from 2 minutes before until 2 minutes after the release of a high-risk volatility news.
Martingale+hedging (0/3): Martingale involves initiating a larger position in either direction to the original one after experiencing a loss or while the initial position remains open. Hedging, which involves opening opposing positions on the same asset, undermines fair trading and disrupts the integrity of our platform.
Failure to adhere to this rule 3 times will result in the closure of your account.
Arbitrage: Arbitrage is the practice of exploiting price differences of an asset across different markets or platforms to generate risk-free profit by buying low and selling high simultaneously.
Failure to adhere to this rule will result in the closure of your account.
High Frequency trading: HFT aims to profit from small price movements in the market by placing trades at extremely high speeds.
Failure to adhere to this rule will result in the closure of your account.
Gambling: This involves excessive use of leverage and risking a large portion of your account on a limited number of trades. For example, using over x3.5 your most used lot size on a certain pair, opening +70% of your positions within 10 minutes.
Failure to adhere to this rule will result in denial of payout for the month. If a denial happens, the trader will still be able to trade in order to gain profit during the following month.
Copy Trading: This involves mirroring trades from any of our accounts to another.
Failure to adhere to this rule will result in the closure of your account.
News Straddling: News straddling is a strategy where traders open long and/or short positions on an asset just before a major economic news announcement. It is considered prohibited by trading platforms because it can distort real market conditions. To avoid this, it is prohibited to open trades within a specific 4-minute window, starting two minutes before and ending two minutes after a major news event (see list of events in the dashboard). This rule affects only instruments related to the event (for example, EUR news doesn't restrict you from trading XAU/USD). Additionally, this rule does not prevent you from entering a trade before the 4-minute window, holding it throughout, and closing the trade after this window.
Failure to adhere to this rule will result in denial of payout for the month. If a denial happens, the trader will still be able to trade in order to gain profit during the following month.
Cross Hedging: Hedging across multiple accounts, even those belonging to the same trader, is strictly prohibited.
Failure to adhere to this rule will result in the closure of your account.
Usage of Public Third-Party Expert Advisors (EAs).
Failure to adhere to this rule will result in the closure of your account.
Exploiting Inefficiencies of Trading Platforms and Other Practices: This involves exploiting data feeds, including latency arbitrage, reverse arbitrage, gap trading, toxic order flow, account management, tick scalping, and server execution.
Failure to adhere to this rule will result in the closure of your account.
Read more at HELP
You are allowed to use any genuine strategy you want, as well as swing trading and trading during the news. Remember that OFP promotes genuine trading behaviour, so every trade that is replicable in live market conditions is well accepted. (Please have a look at section 5 of the T&C regarding not permitted trading strategies).
NB: OFP does not allow any Experts/EA’s, and using them will result in account termination. Please remember that all the positions must be closed to receive a payout; otherwise, the payout will be deferred.
OFP is the world leading instant funding prop firm, giving any trader the chance to be funded up to £5M risk-free. OFP is enrolling dozens of thousands of traders each month, creating new opportunities in the Trading Sector. OFP is recognized as one of the most transparent companies in the forex industry providing a high-quality service to all of their clients.
OFP FUNDING Is A Trademark Brand Name Owned By FINTEKNOLOGY LTD. UK (Company Number: 15131112).
OFP provides daily and monthly testimonials and statistics about its traders. Interviews and reviews are posted daily on the official channels. All OFP traders have the possibility to chat in the “Discord” channel sharing their daily experience with everyone.
OFP is a trader-focused company. We don’t force you to jump through verifications and challenges hoops; we allow trading during the news; have 80% profit split; and we smash the industry average pay-out rate (2%) with our own 16%.
We not only run a Discord chat where you can talk with other traders, but OFP is running interviews with successful traders in order to try and better portray the OFP trading experience. You can also see our reviews on trust-pilot.
The trader can be funded up to 300k in OFP accounts, but with a maximum of 200k per model.
With the scaling plan you can manage a maximum of £5M per trader.
OFP models are created to test the real abilities of the trader without any challenge or verification stage. You will directly access the market feed and start trading without any limitation. Follow 3 simple rules and get your payout after a few days.
Yes, go to THIS LINK to find out more.
OFP welcomes traders from around the world, except those from Russia, Iran, Iraq, North Korea, Syria, Afghanistan, Yemen, and Somalia, due to governmental regulations.
OFP FUNDING Is A Trademark Brand Name Owned By FINTEKNOLOGY LTD. UK
(Company Number: 15131112)
28 Great Smith Street, London
ENGLAND SW1P 3BU
FINTEKNOLOGY LTD London, The UK – Copyright © 2024
OFP FUNDING Is A Trademark Brand Name Owned By FINTEKNOLOGY LTD. UK (Company Number: 15131112). The Services Provided On This Website Are Professional Skill-Assessment Services. The Outcome Of The Proposed Services Is Necessarily Determined By The Individual’s Professional Skill Level And Ability To Perform Under The Program Guidelines And Objectives As Elaborated For Each Service Separately. Clients Are Advised To Conclude A Thorough Study Of The Requirements Of The Program Before Signing Up For Any Of The Services. Hypothetical Performance Disclosure: All Accounts Used For The Services Are Simulated Accounts. Hypothetical Performance Results Have Many Inherent Limitations, Some Of Which Are Described Below. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profits Or Losses Similar To Those Shown; In Fact, There Are Frequently Sharp Differences Between Hypothetical Performance Results And The Actual Results Subsequently Achieved By Any Particular Trading Program. One Of The Limitations Of Hypothetical Performance Results Is That They Are Generally Prepared With The Benefit Of Hindsight. In Addition, Hypothetical Trading Does Not Involve Financial Risk, And No Hypothetical Trading Record Can Completely Account For The Impact Of Financial Risk Of Actual Trading. For Example, The Ability To Withstand Losses Or To Adhere To A Particular Trading Program In Spite Of Trading Losses Are Material Points Which Can Also Adversely Affect Actual Trading Results. There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Cannot Be Fully Accounted For In The Preparation Of Hypothetical Performance Results And All Which Can Adversely Affect Trading Results.
Finteknology and OFP Funding are not a broker and do not accept deposits.
Paynetics provides payment processing services to prop trading Finteknology solely for facilitating transactions during their evaluation period. This service is provided on a limited basis and does not constitute an ongoing commitment by Paynetics to process payments for any further stages.