Ft9ja prop firm offers funded challenges with up to 50k USD with up to 90% profit split, which seems competitive. However, when we checked its reviews we found out pretty horrible facts about the firm related to its services. The firm was launched in 2021 and offers several challenges but the profit targets are enormously huge at 25% for some accounts. The firm has too many negative trader reviews and we will explain some of them below.
In this unbiased Ft9ja review, we will assess the firm’s most important features including safety, rules, funded options and types, assets, prices, platforms, support, and more.
| Pros | Cons |
|---|---|
| High profit-sharing ratio (90%) | The firm is most likely a scam! Negative trader reviews and high-profit targets |
| Offers a variety of funded challenges | Extremely high fees |
| A multitude of support options are available | Limited assets (no stocks or crypto) |
| No educational resources or trading tools offered |
| FPA Score | Not rated yet |
| Year founded | 2021 |
| Headquarters | Nigeria |
| Minimum audition fee | 1.5 million Nigerian Naira |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 1,000 USD |
| Maximum funded amount | 25,000 USD |
| Allowed daily loss | 5% |
| Profit target | Up to 25% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 90% |
| Trading Platforms | Custom web platform |
| Available trading markets | Forex, metals, energies |
There are no Ft9ja reviews on the Forex Peace Army (FPA), which is typically a red flag especially because the firm was launched in 2021. On Trustpilot, the firm has around 400 reviews and 20% of those reviews are 1-star evaluations, indicating serious issues with the firm’s service quality. With these many negative reviews, there is a high likelihood that Ft9ja is a scam or has terrible customer service. The firm is not associated with or backed by regulated brokers, which is yet another downside. All funded challenges are provided on demo accounts.
The firm gets a 0 score in this section as it has an overwhelming number of negative reviews.
Ft9ja funded programs are several, including 1-step, and 2-step evaluations. The 1-step account requires a 25% profit split which is ridiculously high.
Ft9ja funding options are only a handful and the firm offers only up to 50k accounts.
There are no 3-step or instant Ft9ja challenges, which is a downside.
The Ft9ja scaling plan is not available, limiting traders' ability to grow their accounts.
As a result, the firm gets a 1 score in this section.
Ft9ja prop trading assets only include Forex, metals, and energies. The maximum leverage is up to 1:100. The firm lacks cryptos and stocks which is a downside.
Overall, the firm gets a 1.5 score in this section.
Ft9ja rules are ridiculously strict when it comes to profit targets. The 1-step challenge has a 25% profit target, which is extremely difficult to achieve in a reasonable time. The daily risk limit is 5% and the maximum drawdown is 10%. The maximum drawdown is competitive, but the profit target is too high. Overnight trading, weekend trading, and news trading are not permitted nor are EAs allowed.
Overall, the firm only gets a 0.8 score in this section.
The pricing is in Nigerian Nairas as the firm is based in Nigeria and mainly targets local traders. The smallest one-time fee starts at 1.5 million Nigerian Naira for the 1k USD challenge account. This is very expensive pricing and makes the firm not attractive for traders as many reliable firms offer super cheap challenges.
The Ft9ja free trial is not offered and the Ft9ja free repeat is not available either, which is a huge downside. Traders can not test trading conditions before purchasing accounts and they can not start over for free.
Overall, the firm gets a 0 score in this section.
The firm only offers its own web trading platform which is far inferior to popular advanced platforms like MT4 and MT5. EAs can not be used and mobile trading is very inconvenient.
As a result, the firm only gets a 0.9 score in this section.
Ft9ja profit split is 90% which is very competitive. However, safety is very low with this firm and there are many trader comments about the firm's declining withdrawals which is a major red flag.
In the end, the firm gets a 2 score in this section.
The firm does not offer any educational resources at all. There are no live webinars, video guides, or article databases, which is a serious downside for beginners. No tools are provided to support traders either.
As a result, the firm gets a 0 score in this section.
When it comes to customer support, the firm offers several options including live chat, email, and phone support. The only minor downside is that the firm lacks multilingual support options.
As a result, the firm gets a 3.8 score in this selection.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
The Ft9ja scam is highly likely as the firm has many negative trader reviews on Trustpilot, indicating serious issues with the firm’s ethical practices and service quality.
No, Ft9ja is not considered a good prop firm due to its high fees, unrealistic profit targets, lack of safety, and overwhelmingly negative reviews from traders.
The minimum fee for Ft9ja is 1.5 million Nigerian Naira for the $1,000 challenge account, which is extremely expensive.
© Copyright 2022, All rights reserved
