Solution
Tordess provides skilled traders funding of up to $100,000.
To acquire funding, traders must undertake a 2-step evaluation:
Step 1: Assessment of traders' ability to turn over a profit.
Step 2: Assessment of traders' ability to manage risk consistently.
With Tordess, to generate a full-time income from trading, traders' need for monthly return has dropped from 20-100% all the way down to 1-5%, which is far more realistic.
It is important to note that if they mismanage the funds post-evaluation, the maximum they would lose is the evaluation fee, which significantly limits the trader’s downside exposure.
To illustrate the comparative advantage, consider that:
Self-funded trader with $500 initial capital needs to generate a 1,000% (10x) return to realize a dollar-denominated return of $5,000.
In comparison, Tordess prop trader, after paying the evaluation fee, can generate profits at various stages – 10% on Step 1 evaluation, 10% on Step 2 evaluation, and 5% on the funded $100,000 account. In total, Tordess prop trader only needs to achieve a total return of 25% to realize a dollar-denominated return of $5,000 for withdrawal, exclusive of fees and profit splits.
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