The specific terms governing what is and isn't covered under each First For Traders plan. Read this alongside your accepted quote.
First For Traders provides contractual coverage for prop firm evaluation and funded account breaches. When you breach a covered account and meet all KPI requirements, FFT will compensate you as outlined in your accepted quote and the plan tier you hold.
Coverage applies only to the accounts, prop firms, and periods explicitly listed in your accepted quote. Any account not listed is not covered.
| Feature | Essential | Premium | Elite |
|---|---|---|---|
| Evaluation account coverage | ✓ | ✓ | ✓ |
| Funded account coverage | — | ✓ | ✓ |
| Max account size | $100K | $500K | $1M+ |
| Waiting period — fee refund | 30 days | 30 days | 7 days |
| Waiting period — funded profit share | — | 45 days | 14 days |
| Max refund on fee | 100% | 125% | 150% |
| Coverage bonus (% of challenge fee, on top of refund) | — | +25% of fee | +50% of fee |
| Funded account profit share (KPI-tier dependent — see Section 5) | — | 15–50% | 25–75% |
| Max profit share payout (per claim, by sub-tier) | — | $500–$1,500 | $2,000–$4,500 |
| Funded profit share KPI-dependent | — | ✓ | ✓ |
| Multiple claims | — | ✓ | ✓ |
| Claim-free reward | — | After 90 days | After 60 days |
| Multiple accounts | — | — | ✓ |
| Min. subscription commitment | Monthly | Monthly | 3 months |
| Priority claim review | — | — | ✓ |
* Elite Edge fee refund claims have a 7-day waiting period. Profit share claims have a 14-day waiting period. The 3-month minimum commitment ensures sufficient premium collection before high-value claims are processed.
Waiting periods apply from the date your coverage activates. They exist to protect the integrity of the programme for all members and to ensure that coverage cannot be used to claim on accounts that were already at risk before protection was purchased. Two separate waiting periods apply — one for fee refund claims and one for profit share claims.
If you open a new account after your applicable waiting period has elapsed, that account is covered from the date it is opened — provided it was opened within your active coverage period and is listed in your accepted quote. The waiting period does not reset for each new account opened during an active subscription.
Reinstating lapsed coverage restarts both waiting periods from the new activation date. Coverage that lapses due to failed payment is not backdated upon renewal.
Coverage activates immediately upon confirmation of your Stripe payment. You will receive an activation confirmation email from FFT. The coverage start date in that email is the date from which your waiting period begins and from which eligible accounts can be opened.
Profit share is available on Premium and Elite plans for funded account breaches only — not evaluation/challenge breaches. When a covered funded account breaches, you recover a percentage of the profits you generated during that funded period, determined by your KPI performance.
On the challenge/evaluation stage, Premium and Elite members receive a coverage bonus instead — a fixed uplift on top of the fee refund (see Section 2 plan comparison). This is predictable, always paid in full, and does not depend on trading performance.
Funded account profit share is calculated on verified profits generated during the covered funded period only. Profits made before coverage was activated are excluded.
Your KPI tier is assessed by our team at the time of your funded account claim using verified account data. The fee refund component of your claim is assessed separately and is not affected by your profit share tier — provided minimum KPI thresholds are met. For challenge/evaluation claims, only the fee refund and coverage bonus apply — profit share does not.
The maximum profit share payout per funded account claim is capped based on your subscription tier. The percentage (50% or 75%) is applied to your verified funded profits first — the cap is then applied if that figure exceeds the maximum. Your fee refund and challenge coverage bonus are always paid in full and are not subject to any cap.
| Tier | Account Size | Premium Cap | Elite Cap |
|---|---|---|---|
| A | Up to $25K / $200K | $500 | $2,000 |
| B | Up to $50K / $400K | $750 | $2,750 |
| C | Up to $100K / $600K | $1,000 | $3,500 |
| D | Up to $200K / $1M+ | $1,500 | $4,500 |
The following performance metrics are used to determine your KPI tier at the time of a claim. These are industry-standard risk management ratios used by professional traders and risk managers worldwide. We are transparent about exactly what we measure so you can trade with clarity.
Measures your return relative to the risk you took. A Sharpe ratio above 1.0 is considered good. Above 1.5 is excellent. Below 0.5 suggests returns were not proportionate to the risk taken. We use this to distinguish disciplined traders from those who got lucky on high-risk trades.
The ratio of gross profit to gross loss across all trades. A profit factor of 1.5 or above is considered strong. Below 1.0 means your losses outweighed your gains. We look for consistency here — not just one or two big winning trades masking an otherwise losing approach.
Compares the profit you made against the maximum drawdown you experienced along the way. A ratio of 2:1 or higher (making twice as much as your worst drawdown) reflects controlled trading. This ratio rewards traders who grow their accounts without taking excessive risk at any point.
The average ratio of your potential profit to your potential loss on each trade. An average RRR of 1:1 or better (risking $1 to make $1 or more) demonstrates a structured approach. Consistently taking trades with poor RRR — risking $3 to make $1 — is a significant negative signal in our review.
The percentage of trades that closed in profit. We do not set a minimum win rate in isolation — a trader with a 40% win rate and a strong RRR can be perfectly healthy. Win rate is assessed in context alongside profit factor and RRR to form a complete picture of your trading approach.
The average size of your winning trades compared to the average size of your losing trades. We look for an average win that is at least equal to your average loss. A ratio where your average loss significantly exceeds your average win — even if your win rate is high — indicates a strategy that relies on unsustainable patterns.
Similar to the Sharpe ratio but only penalises downside volatility — losses — rather than all volatility. A high Sortino ratio means your account grew relatively smoothly without large loss spikes. We use this alongside Sharpe to identify traders whose equity curves are stable and not driven by variance.
The largest peak-to-trough decline in your account equity during the covered period. We assess both the absolute drawdown and when it occurred relative to your profit curve. A trader who reaches a high point and gives back the majority of their gains before breaching will score lower than one who breached quickly from near their starting equity.
An internal metric we calculate based on the distribution of your daily P&L across the covered period. Traders who make steady, consistent gains day-to-day score higher than those whose results are driven by one or two outsized days. We look for traders whose best day does not account for more than 40% of total profits.
A covered event is defined as an account breach that occurs during an active coverage period, after the waiting period has elapsed, where the trader has remained KPI-compliant. Covered events include:
The following events are not covered under any FFT plan:
The Essential Edge plan covers one account only. Premium Edge covers accounts up to the value stated in your quote. Elite Edge is designed for traders managing multiple accounts simultaneously up to $1 million in combined account value.
Each account to be covered must be declared at the time of application. Adding new accounts to existing coverage requires a quote update and may result in a revised subscription amount.
Premium and Elite plan holders who maintain their coverage without submitting a claim for the specified period are eligible for a claim-free reward. This reward is applied as a credit to your account or as a bonus payout on your next claim.
The exact reward amount is specified in your accepted quote. Rewards do not carry over if coverage lapses.
You may request an upgrade or downgrade to your coverage plan at any time by contacting . Plan changes take effect at the start of your next billing period unless an upgrade is requested mid-period, in which case a prorated quote wi