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DT4X is a new prop trading firm, out of Scotland, UK, that offers instant funding up to $50,000 and fully scalable up to $1.24 million. The initial leverage offered is 1:50, after a 10% profit on their accounts.
DT4X Trader Rating: 9,4
DT4X Trader Features:
- Funding up to $1,240,000
- Capital for Forex traders up to $50,000
- Profit sharing of 60%
- Small one time fee ($275)
- Leverage 1:50
- Good reputation and reviews
DT4X Trader Trading Firm Review
DT4X was founded in 2018 in Scotland by Mark Docherty and has grown significantly since then, with over 60 reviews from traders from around the world so far.
DT4X Trader Features and Highlights
|🌍 Location||Glasgow, UK|
|🖥️ Technology||Browser-based platform|
|📈 Type of brokers||FX Choice, FXCM, FXOpen, Hugo’s way, IC Markets, RoboForex, Tickmill|
|⚖️ Trading Platforms||MetaTrader 4 (MT4) or MetaTrader 5 (MT5)|
| 💳 Not allowed currency pairs
||Cryptocurrencies, energies, or indices|
|💰 Withdrawal Methods
||Bank Transfer, Neteller, PayPal|
What is DT4X Trader?
DT4X is a new company based in Scotland, UK. DT4X offers traders instant funding and provides the capital of $50,000. The company is owned by GreatGadgetz LTD. DT4X was founded in 2018 by Mark Docherty and has grown significantly since then.
The company offers education for its traders and is great for both beginners and growing professionals.
DT4X is a trading firm and helps traders fund themselves without tests or evaluations. The finances are there for the trader from the beginning. No demo accounts. Once instructed, traders can make trades right away.
DT4X Trader Review
In this article, we take a look at the backbone firm DT4X. They offer traders instant capital funding of up to $50,000 and scale all the way through to $1.24 million. DT4X offers a large selection of top forex brokers and an aggressive capital scaling program of over $1 million. Initially, the leverage offered is 1:10, then after you make 10% profit on your accounts, you can change it to 1:50 by contacting customer support for help.
The pricing for these accounts is very competitive.
The price to participate in the program is:
- $345 for a $10,000 account
- $465 for a $25,000 account
- $645 for a $50,000 account
The profit-sharing is 60%, with a maximum loss of 5%, a target profit of 5%, and a target growth of 10% for scaling the account. Which is also within the market, although some companies give conditions a little better.
All major and minor currencies and commodities are permitted, which is great for retail traders!
DT4FX allows traders to trade on both MT4 and MT5 platforms, and overnight trading is allowed, but weekend trading is currently prohibited, and you could be penalized for holding over the weekend, so make sure you do not change by market close.
DT4X Trustpilot reviews
Top benefits in user’s opinion:
- Customer support
- Payout without any issues
- Clear rules on profit targets and maximum loss.
Bad benefits in user’s opinion:
- There are delays in payments.
|📈 Funded Trader Program||📊 Tradable Assets||🔍 Review|
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DT4X prop firm programs
Most forex traders want to trade with a company that offers high-level support. Not only are they willing to invest up to $50,000 for you, but they also offer more than enough leverage for successful trading. This company offers competitive rates and excellent customer service.
When it comes to forex accounts on the website, it seems that you can start a $50,000 account for a very reasonable fee, and all you need is to make a 10% profit to increase your capital to $100,000. You then double the capital each time the $1,240 goal is reached, a limit that a trader can reach indefinitely.
Initially, when choosing an account size, set your trading goals. When you reach your trading goals, you prove your skill and consistency. These qualities are essential for a successful raider.
If you decide you want to change brokers, you can change brokers at any stage as long as there are no open trades. Traders take advantage of Withdrawal Growth, which means that when a trader withdraws their profits, they receive them via the normal withdrawal method (PayPal, bank transfer, or Neteller), but the profits also stay virtually in their account, which helps our traders scale faster.
Traders do not pay any withdrawal fees, we cover all costs!
There are three important rules to follow when trading on DT4X:
- First, once you open 5 trades, you must trade with a stop-loss. In other words, using a stop-loss is not mandatory, but once you have 5 trades open, you must use it.
- The second rule is that the reduction cannot be more than 5%. This means that if you have an account with $10,000, you cannot make trades with a negative result of $500.
– If you trade with a 25,000 USD account, you must protect yourself from a loss of 1,250 USD.
– If you have a trading account of 50,000 USD, you must avoid a negative transaction of 2,500 USD.
- Finally, you must pay the bank 5% of your trading capital each month.
If you follow these rules, you can work your way up to being an account manager of over $1 million.
However, if you break any of these rules, the contract will be terminated. Otherwise, you will no longer have access to the trading account. But you may re-register for a new account. That said, you should proceed with caution.
DT4X Scaling Plan
All traders begin at FM Level 1 (Fund Manager Level 1) which is the account level you join at.
Once the Profit Target is reached, traders are progressed to FM Level 2. When a 10% profit of the balance at FM Level 2 is made, traders are progressed to FM Level 3. Traders will be notified about this automatically and their account size will be doubled.
Below is an example of the Account Scaling feature:
- FM Level 1: $50,000 Account Size (10% profit required to reach Stage 2). Trader profits $5,000 and is progressed to FM Level 2.
- FM Level 2: $100,000 Account Size (10% profit required to reach Stage 3). Trader profits $10,000 and is progressed to FM Level 3.
- FM Level 3: $200,000 Account Size (10% profit required to reach Stage 4). Trader profits $20,000 and is progressed to FM Level 4.
- FM Level 4: $400,000 Account Size (10% profit required to reach Stage 5). Trader profits $40,000 and is progressed to FM Level 5.
- FM Level 5: $800,000 Account Size (10% profit required to reach Stage 6). Trader profits $80,000 and is progressed to Portfolio Manager.
- Portfolio Manager: $1,240,000 Account Size. Congratulations! This is the final stage and when traders reach this stage they are given the title of Portfolio Manager.
As well as any profits made on their account, Portfolio Managers are offered a fixed salary of $5,000 a month.
Portfolio Managers are offered the chance to mentor traders, and the company will assist you in building your brand going forward. Withdrawals do not affect the Account Scaling process, and there is no minimum balance required to be retained in the account before this feature is applied.
This is one of the best scaling programs out there. It’s worth considering if you want to grow your available funds in the coming months.
DT4X Trade Educational Program
Trading itself is simple, but trading on a consistently profitable basis is extremely difficult. Experienced and successful traders spend time studying trading techniques and the psychology of trading. To be successful, a trader must understand how to trade in different market conditions and how traded instruments react to different market conditions.
DT4X-based training provides access to a variety of videos that include topics such as:
- Fundamental Analysis.
- Live Trading Examples.
- MetaTrader 4.
- Risk Calculation.
- Technical Analysis.
Unique Features of DT4X Trader
DT4X differs from most leading prop firms in that it offers immediate financing, which is very attractive to most retailers.
When you sign up with a company like FTMO. For example, you get real accounts, not demo accounts. This means you have to prove your profitability in two trials of around 40 days, and you get the funds when you pass the trials (if you pass them).
However, DT4X offers immediate funding! They will initially place you in a demo account to reduce your risk but will pay you 60% of your profits. For us traders, this is very convenient as we can immediately start earning money from our new accounts.
They also offer a wider range of brokers than most companies. Brokers currently available include Hugosway, Global Prime, RoboForex, Tickmill, FXOpen, and FXChoice. Although there is a wide range of brokers available, they are all unregulated brokers and do not offer the best prices compared to other leading brokers such as IC Markets.
In short, getting funding from DT4X is much faster than from many other companies. Instead of waiting for several feasibility studies, you can get your money right away!
Pros & Cons
- For many traders, one of the best aspects of the DT4X Trader program is that there is no trial period. If you are confident in your strategy and don’t need a trial period, you can start trading with DT4X money in just a few days.
- You can choose from three levels of initial capital: $10,000, $25,000 and $50,000. To get started, you’ll have to pay a one-time fee that starts at just $275, but that’s much better than the monthly fees charged by other trading companies.
- DT4X Trader limits the financial markets that currency pairs can access, but this limitation allows them to offer traders highly targeted training and trading resources.
- All traders also participate in an account growth program that automatically doubles your available capital if you meet or exceed your profit targets. If you continue to reach your goals, DT4X will increase your account to a maximum of $1.2 million.
- Multiple languages & support.
- One disadvantage of instant funding is that DT4X charges more than other companies. DT4X only pays 60%, compared to 80%. This is reasonable because, without a trial period, DT4X takes a greater risk and should therefore receive a higher reward. However, 10% can be a lot of money in the long run for a profitable trader.
- And even though you can grow your account with DT4X to $1.2 million, it’s still much less than with other companies.
- The limited markets for trading are also a negative factor. I don’t think a trader should spread their money across too many markets, and DT4X does a good job with Forex, but I would prefer the broader options offered by other proprietary companies.
DT4X discount promo code
Traders can use code TRADER25 to get 25% off of any one-time payment.
DT4X is an established company that offers instant funding to traders around the world. With an excellent scaling plan, funding from $10,000 to $1.24 million, 60% profit sharing, monthly payments, and flexible trading terms, it is an ideal company for beginners seeking investment capital for their businesses.
Although it is a relatively new company, it offers excellent terms and benefits, making it one of my top choices among supporting companies.
What Is The Max Lot Size I Can Use?
There are no lot size restrictions. However, all traders start with 1:10 leverage, and this means that the broker will have restrictions due to the leverage on the lot of sizes you can use.
It also depends on the currency pair you trade, as each currency pair has different margin requirements.
Alternatively, you can open a free demo account with one of the brokers we offer and set the leverage as 1:10. While testing this out, you will be able to determine the max lot size you can use for your desired instruments.
How Do Traders Request A Profit Withdrawal?
The DT4X Trade abide by the highest code of ethics concerning traders’ payments. They ensure that every funded trader is paid once a month (on the 25th of every month), regardless of the amount due to you.
Withdrawals are available via Worldwide Bank Transfer, PayPal, Cryptocurrency & Neteller. When withdrawals are made and the trader receives the profit to their requested payment method – the profits also remain virtually in the Trading Account, allowing you to trade with larger lot sizes should you wish to. Once the 5% profit target is achieved, traders can request a withdrawal.
What Happens If I Break The Rules?
If you break any of the guidelines, the account will no longer be funded by the DT4X Proprietary Trading firm. You can try again and order a reset if you wish to become a DT4X Trader. If you break the rules, your initial fee paid is lost, so please trade well and follow the rules.
The trained customer support team is on hand via Live Chat, Email, and Telegram 24/7, so please reach out if you have any questions.