Introduction
Ft9ja is a proprietary trading firm operating out of Nigeria, offering retail traders the opportunity to manage funded trading accounts. Designed with a focus on African markets, the firm provides trading capital to individuals who successfully complete performance-based evaluations. This article presents a comprehensive and factual assessment of Ft9ja’s business structure, account types, trading rules, platform features, and payment procedures.
Company Profile
Legal Identity
Ft9ja operates under the name Asokoro Technologies Limited, a company registered in Nigeria. It lists operational addresses in both Abuja and Lagos. The firm provides support via email and WhatsApp, with service generally available on weekdays.
Business Model
Ft9ja acts as a prop trading firm, evaluating traders through structured challenges. Traders who meet specific performance criteria are granted access to funded accounts. Once funded, they can share in profits generated from trading various financial instruments, subject to the firm’s rules and risk management limits.
Funded Account Types
Ft9ja offers two primary types of funded account challenges, each with distinct criteria and structures.
Classic Challenge
The Classic Challenge is a single-phase evaluation. Traders are required to achieve a 25% profit target with defined risk controls.
Key Details:
- Profit Target: 25%
- Daily Drawdown Limit: 5%
- Overall Drawdown Limit: 10%
- Leverage: Up to 1:100
- Minimum Trading Days: 10
- Time Limit: No time limit to reach the target
- Account After Evaluation: Aso Account
- Profit Split: Up to 90%
- Bonus: Up to 15% talent bonus upon passing the evaluation
Two-Phase Challenge
This model uses a two-step process to evaluate a trader’s consistency and risk management.
Phase 1:
- Profit Target: 10%
Phase 2:
- Profit Target: 5%
Additional Rules:
- Daily Drawdown Limit: 5%
- Overall Drawdown Limit: 10%
- Leverage: Up to 1:100
- Minimum Trading Days: 6
- Time Limit: Unlimited
- Refund: Entry fee is refunded upon successful completion and funding
Account Sizes and Pricing
Ft9ja offers several account size options, ranging from $1,000 to $25,000. Entry fees are priced in Nigerian Naira and vary based on the selected account size. The cost for smaller accounts starts in the range of ₦1.5 million, with larger accounts requiring significantly higher fees.
Refund Policy
Refund eligibility depends on the type of account:
- Classic Challenge: No refund
- Two-Phase Challenge: Refund of the evaluation fee after the trader reaches the funded stage and completes the first payout
Trading Instruments and Conditions
Ft9ja supports a broad range of financial instruments, allowing traders to diversify their strategies.
Available Markets:
- Forex pairs
- Commodities (including gold and oil)
- Stock indices
- Stocks
- Cryptocurrencies
- Synthetic indices
Trading Rules:
- Maximum Daily Drawdown: 5%
- Maximum Total Drawdown: 10%
- Minimum Holding Time: 5 minutes per trade
- Leverage: Up to 1:100
- Trade Duration Requirements: Trades must meet the minimum hold time to remain valid
- Time-Based Restrictions: No specific time limits for evaluations
- Weekend Holding: Not specifically restricted
- Prohibited Activities:
- Copy trading
- Automated trading (Expert Advisors or scripts)
- Arbitrage or latency exploitation
- Trades based on inside information or other prohibited tactics
Platform and Trading Interface
Ft9ja uses a proprietary web-based platform for all trading activities. This platform is accessed through a browser and does not support downloadable clients such as MetaTrader 4 or MetaTrader 5.
Platform Characteristics:
- Automation: Not supported
- Mobile App: Not available
- Interface: Web-only
- Trading Tools: Limited; no advanced charting or educational resources included
Evaluation to Funding Process
Traders start by purchasing a challenge account. Upon meeting the required profit targets and complying with the rules, they receive a funded Aso Account.
Funded Account Details:
- Profit Share: Up to 90%
- First Payout Eligibility: After a minimum of 10 trading days
- Ongoing Payouts: Can be requested weekly (Fridays) or monthly
- Payment Methods: Bank transfers and PayPal are supported
- Fee Refund: For Two-Phase Challenge only, post-first payout
Scaling Policy
Ft9ja does not offer a formal capital scaling program. Traders are expected to grow their funded accounts by retaining profits over time. There is no automatic increase in account size based on consistent performance.
Customer Support
Support is available via email and WhatsApp chat. Customer service operates primarily on weekdays. Response times may vary, especially outside standard business hours.
User Concerns and Reported Issues
Although the firm has gained traction locally, several challenges have been reported by users:
Commonly Reported Issues:
- Delayed Payouts: Traders have reported late or withheld payouts after meeting the evaluation criteria
- Strict Rule Enforcement: Some accounts have been denied funding due to claimed rule violations
- Limited Platform Features: The absence of MT4/MT5 and automation tools has been noted as a disadvantage
- High Entry Fees: Compared to global competitors, Ft9ja’s fees are relatively high
Strengths
Despite the concerns, Ft9ja presents several potential advantages:
- Local Accessibility: Serves traders in Nigeria with localized pricing and support
- Unlimited Time Limits: Allows traders to meet profit targets at their own pace
- High Profit Split: Up to 90% in the funded phase
- Talent Bonus: Additional compensation for traders who perform well in the evaluation stage
Limitations
Ft9ja also has a number of limitations:
- No Scaling Plan: No structured capital increase for consistent performers
- Lack of Automation: Disallows the use of trading robots or scripts
- No MT4/MT5 Support: Traders accustomed to MetaTrader platforms must adjust to a proprietary interface
- Mixed Reports: Some user reports cite inconsistent rule enforcement and customer service delays
Summary Table
| Category | Description |
|---|---|
| Legal Entity | Asokoro Technologies Limited |
| Location | Nigeria (Abuja and Lagos) |
| Account Types | Classic Challenge, Two-Phase Challenge |
| Evaluation Targets | 25% (Classic), 10% + 5% (Two-Phase) |
| Drawdown Limits | 5% daily, 10% total |
| Trading Platform | Web-based, proprietary |
| Leverage | Up to 1:100 |
| Entry Fee Refund | Available in Two-Phase Challenge after first payout |
| Profit Split | Up to 90% |
| Talent Bonus | Up to 15% during evaluation |
| Trading Instruments | Forex, commodities, indices, stocks, crypto, synthetics |
| Payout Schedule | Weekly (Friday) or monthly |
| Support Channels | Email and WhatsApp (weekdays only) |
Conclusion
Ft9ja is a locally operated proprietary trading firm that offers performance-based trading opportunities for retail traders, especially in Nigeria. With accessible account models, flexible evaluation timelines, and a high profit-sharing structure, it appeals to traders seeking funded opportunities without time pressure.
However, traders should be aware of the firm’s limitations. These include high upfront fees, lack of automation, no scaling plans, and reported delays in payouts. Additionally, the absence of widely used trading platforms such as MT4 or MT5 may deter experienced traders.
Careful consideration is essential before committing to Ft9ja’s challenges. Prospective users are encouraged to thoroughly review all terms and conditions and begin with lower-risk accounts if uncertain about the platform’s reliability.
