In a rapidly growing prop trading industry, Fast Track Trading is making a name for itself by offering traders a streamlined path to live capital. Unlike many proprietary trading firms that require evaluations, Fast Track Trading allows traders to bypass that process, giving them direct access to funded accounts. For traders seeking immediate opportunities without having to jump through multiple evaluation stages, this is a significant advantage. But as with any firm, there are both pros and cons to consider.

The Pros: No Evaluation and Unique Features for Consistent Traders

One of the biggest draws of Fast Track Trading is the lack of an evaluation phase. This means traders can immediately begin trading on a funded sim account, which is a breath of fresh air for those who don’t want to deal with the traditional testing period that many prop firms require. This approach allows traders to focus on trading effectively rather than worrying about clearing evaluation targets.

Fast Track Trading also has a 20% rule for consistency. This rule requires traders to trade for at least 10 days, ensuring that no single trading day accounts for more than 20% of the trader’s total profits for that period. This rule helps promote steady, disciplined trading rather than encouraging risky behavior or over-leveraging on individual days. It’s a subtle yet effective way to cultivate consistency, which is essential for long-term success.

In addition to this, Fast Track Trading offers the ability to copy trade across 20 personal and 20 business accounts—a rare and valuable feature that allows traders to scale their strategies across multiple accounts. They also offer access to premium tools like Level 2 data, Bookmap, and Quantower, which are significant bonuses and make it even more appealing.

The firm is also very communicative. They’ve made a clear effort to keep traders informed and respond to inquiries quickly, and they’re dedicated to becoming one of the top prop firms in the industry. They’ve also been generous with freebies, adding value for traders who want to enhance their setups with advanced tools.

The Cons: Early Stage Startup Challenges

While the platform is full of potential, it’s important to remember that Fast Track Trading is still a young company. As a result, it has experienced some growing pains. With their rapid expansion, they’ve dealt with technical issues that have caused delays in payouts and occasional support slowdowns. Their customer service team is playing catch-up, but the delays are understandable given the firm’s exponential growth.

Another downside is that Discord, which serves as their primary community platform, is somewhat chaotic. While the announcements channel is helpful, other parts of the Discord community can be messy mainly due to customers asking the same questions over and over without reading the Website’s FAQs.

It’s also worth noting that they are currently limited to Rithmic data feed. While Rithmic is widely used in the industry, it may not appeal to everyone, especially traders who prefer a wider range of platforms. Additionally, no credit card payments are accepted yet (coming soon), only crypto or wire are accepted which could be inconvenient for some traders when funding their accounts.

Lastly, while initially capped payouts are a common feature across some prop firms, it’s worth considering if you’re aiming to scale rapidly. Payouts are capped for fairness and sustainability, but that might limit how fast traders can withdraw larger sums. Having said that, after 8 payouts your max limits increase.

My Personal Experience: Consistency Pays Off

Despite some of the challenges that come with a newer firm, my experience with Fast Track Trading has been overwhelmingly positive. I’ve received four payouts already, with a fifth on the way, and I’ve appreciated their transparency and open communication throughout the process.

The 20% rule has been a valuable guideline, encouraging me to trade more consistently and avoid taking outsized risks on any single day. Knowing that the firm promotes steady growth over quick wins has been reassuring, especially as I aim to build long-term success.

While the technical issues and occasional payout delays have been minor frustrations, I understand these are part of the growing process for any new company. Fast Track Trading’s willingness to address these issues and continue improving its platform has been promising.

Conclusion: A Firm with Strong Potential

Overall, Fast Track Trading is a compelling option for traders who value a direct route to funding without the burden of evaluations. While they’re still ironing out some technical and support-related kinks, their focus on consistency, communication, and providing advanced tools makes them a promising new player in the prop trading space.

For traders who can be patient with a few early-stage growing pains, Fast Track Trading offers a refreshing approach to funded trading. With strong communication, valuable features, and a commitment to growth, they’re well on their way to becoming a top choice for serious traders.

Current deals as of 10/1/2024
Code: ftt_45 – 45% off Rally, Daytona, and GT Code: ftt_lemans – 15% off Le Mans

UPDATE: FTT shut down and as of 12/14/24 most traders were left unpaid and no refunds given on their active accounts as they promised.