Yes, Funded Prop BX provides a Scale-Up plan designed for traders who consistently achieve success while following our trading guidelines and rules.
The Scale-Up plan offers traders the opportunity to increase their trading power by allocating them additional capital, up to as much as 4 million. As such, the Funded Prop BX’s scale-up plan will grant all skilled and disciplined traders a powerful boost with their trading efforts. This plan is available to traders in all our account models — Classic, Wall Street and Oxford — with consistent eligibility requirements to make the process simple.
Scale-Up Review Process & Criteria:
To be eligible for the Scale-Up plan, traders must meet specific criteria within a four-month period in their Funded Prop BX account:
- Achieve at least 10% cumulative account growth over four consecutive months.
- Receive a minimum of two payouts during this successive four month period.
- The final trading cycle during this four month period must end in profit.
Every four months, Funded Prop BX accounts (Classic, Wall Street and Oxford) go through a review process for eligibility. Qualifying traders that meet the necessary criteria are eligible for a 40% increase in their account balance, with a maximum cap up to 4 million.
Example of the Scale-Up Process:
Over four consecutive months, a trader achieves necessary performance criteria for Scale-Up eligibility. Funded Prop BX will review all their account criteria to determine if the trader qualifies for a Scale-Up. If approved, their account balance could be increased by 40%. Thus, an account with an initial balance of $100k could be scaled up to $140k.
With the new balance, the daily and total loss limits will adjust proportionally. Therefore:
- The daily loss limit becomes 5% of $140k, totaling $7k.
- The overall loss limit is 10% of $140k, amounting to $14k.
- The new growth objective for the upcoming four months is 10% of the $140k balance.
The Scale-Up process with Funded Prop BX is straightforward and a lucrative opportunity for traders.
What If a Trader Achieves the Profit Objective of 10% for Scaling Up, but Did Not Generate a Profit in the Last Trading Cycle?
Let’s consider a trader who starts on January 1st and hits a 10% profit after four consecutive months (January, February, March & April). However, by the end of April, the trader doesn’t end the last trading cycle in profit. In this case, they wouldn’t be eligible for the Scale-Up during that review period. As such, their account would be reassessed in their next trading cycle (February, March, April & May), and if they meet all the requirements during the most recent four-month time frame, they could then be eligible for the Scale-Up plan.