The FFN Institution is Funded Futures Network's live trading program.
Traders who demonstrate successful performance within FFN's Sim Funded program may become eligible for a Promotion Review. Traders selected for promotion receive an allocation of real FFN capital in a live brokerage account.
Simulated performance determines eligibility for consideration. It does not determine the amount of live capital allocated.
All traders promoted to the Institution begin with the same initial FFN capital allocation and may earn additional capital based on live performance.
A Promotion Review is triggered when either of the following occurs:
When a Promotion Review is triggered, all Sim Funded accounts held by the trader are closed, regardless of the outcome of the Promotion Review. Evaluations stay open (see Article 5.2).
Any payout that triggered the Promotion Review remains subject to the applicable Sim Funded payout rules.
Following the Promotion Review, the trader's payout count toward any future Promotion Review resets to zero.
The Promotion Review consists of two components.
The FFN Risk Team reviews the trader's historical performance, including factors such as:
No single metric guarantees promotion.
The trader will complete a one-on-one interview with an FFN Live Risk Manager.
The interview may cover the trader's strategy, preferred markets, typical position sizing, holding periods, approach to drawdowns, risk controls, trading schedule, market conditions, and other information relevant to FFN's decision to deploy company capital.
The Risk Interview is an internal FFN capital-allocation process. It is not investment advice, trading advice, or individualized financial advice.
Every Promotion Review results in one of three outcomes.
The trader receives an FFN live account funded with an initial $3,000 of real FFN capital.
A trader who is approved for the Institution may decline promotion.
The trader will receive an additional $1,000 transition payout and may immediately restart from the beginning of the FFN evaluation process.
Declining promotion does not prevent the trader from qualifying for a future Promotion Review.
A trader who is not selected for the Institution may immediately restart from the beginning of the FFN evaluation process.
No additional $1,000 transition payout applies.
All existing Sim Funded accounts close when a Promotion Review occurs, regardless of the outcome.
Every trader promoted to the Institution begins with:
| Institution Account | \nAt Promotion | \n
|---|---|
| Initial FFN capital | \n$3,000 | \n
| Initial Maximum Loss Limit (MLL) | \n$0 | \n
| Trader profit share | \n90% | \n
| FFN profit share | \n10% | \n
| Eligible payout processing | \nSame business day | \n
| Overnight positions | \nNot permitted | \n
The initial $3,000 is real capital owned and provided by FFN.
FFN capital is not trader profit and cannot be withdrawn by the trader.
Simulated balances and accumulated Sim profits do not transfer dollar for dollar into the live account.
Net eligible live trading profits are allocated 90% to the trader and 10% to FFN.
The trader's 90% share is eligible for payout subject to these rules.
FFN's 10% share remains FFN property. Rather than withdrawing its share from the account, FFN will generally retain that capital in the trader's live account as additional FFN risk capital.
FFN-retained capital is not withdrawable by the trader.
Eligible Institution payout requests submitted before FFN's published daily processing cutoff will be processed the same business day.
Payouts are subject to the 90/10 profit split and applicable Permanent Risk Buffer requirements.
There is no recurring minimum number of trading days between otherwise eligible Institution payouts.
Every Institution account begins with an MLL of $0.
The MLL does not trail before the trader's first live payout.
| Live Balance | \nMLL | \n
|---|---|
| $3,000 | \n$0 | \n
| $5,000 | \n$0 | \n
| $10,000 | \n$0 | \n
| $25,000 | \n$0 | \n
The trader may accumulate live profit before the first payout without causing the MLL to increase.
The trader's first live payout establishes the account's Permanent Risk Buffer.
The initial Permanent Risk Buffer equals $3,000 plus 50% of the live profit remaining in the account following the first payout.
| Balance After First Payout | \nProfit Remaining Above $3,000 | \nInitial Permanent Risk Buffer | \n
|---|---|---|
| $4,000 | \n$1,000 | \n$3,500 | \n
| $5,500 | \n$2,500 | \n$4,250 | \n
| $8,000 | \n$5,000 | \n$5,500 | \n
| $13,000 | \n$10,000 | \n$8,000 | \n
| $23,000 | \n$20,000 | \n$13,000 | \n
| $53,000 | \n$50,000 | \n$28,000 | \n
The portion of the Permanent Risk Buffer established at the first payout remains fixed.
Additional FFN-owned capital subsequently retained or allocated to the account may increase the total risk capital supporting the account.
Following the first payout, the MLL trails the account's highest end-of-day (EOD) balance by the applicable Permanent Risk Buffer.
The MLL only moves upward when the account establishes a new EOD high. It does not move downward following a losing trading day.
For an account with a $7,500 Permanent Risk Buffer:
| Highest EOD Balance | \nMLL | \n
|---|---|
| $10,000 | \n$2,500 | \n
| $15,000 | \n$7,500 | \n
| $25,000 | \n$17,500 | \n
| $40,000 | \n$32,500 | \n
The MLL is calculated based on EOD highs but applies continuously during the trading session.
If account equity reaches the current MLL, the account is breached.
Eligible distributions are reflected in the account's high-water calculation so that an approved payout does not itself create an MLL breach.
A trader who wishes to continue trading in the Institution must maintain the account's required Permanent Risk Buffer.
A trader may elect to request an otherwise eligible payout that would leave insufficient capital to maintain the required buffer. In that circumstance, the payout will be treated as a Final Institution Payout.
Following settlement, the live account will be closed.
Institution traders may receive additional FFN capital through three mechanisms.
FFN's 10% share of live profits may remain in the account as additional FFN-owned risk capital.
Traders may earn additional FFN capital based on cumulative live profitability:
| Cumulative Live Profit | \nTotal Milestone Capital Allocation | \n
|---|---|
| $10,000 | \n$500 | \n
| $25,000 | \n$1,000 | \n
| $50,000 | \n$2,500 | \n
| $100,000 | \n$5,000 | \n
| $250,000 | \n$10,000 | \n
| $500,000 | \nIndividual Capital Review | \n
Milestone allocations are not cumulative. For example, reaching $50,000 in cumulative live profit results in a total milestone allocation of $2,500, not $500 + $1,000 + $2,500.
All milestone capital remains FFN property and is not withdrawable.
FFN may allocate additional capital or modify risk parameters at any time based on demonstrated live performance, consistency, strategy, risk management, capital efficiency, or portfolio considerations.
There is no predetermined maximum live capital allocation.
FFN Institution traders may participate in the Institution Performance Ranking.
Rankings are based exclusively on live trading performance. Simulated performance does not contribute to Institution rankings.
Institution traders are ranked based on Risk-Weighted Return rather than absolute dollar profit.
The purpose of Risk-Weighted Return is to recognize traders who generate strong returns relative to the amount of FFN capital and risk required to produce those returns.
FFN may consider measures including return, realized and unrealized drawdown, capital utilization, adverse excursion, volatility of returns, and other risk characteristics when calculating Risk-Weighted Return.
FFN will apply a standardized methodology across eligible Institution traders.
At the conclusion of each calendar month, the Top 10% of eligible Institution traders by Risk-Weighted Return receive an additional FFN Performance Allocation.
The #1 allocation replaces, rather than adds to, the standard Top 10% allocation for that month.
Performance Allocations are FFN-owned live capital and are not withdrawable.
FFN may establish minimum trading activity requirements for monthly ranking eligibility. Eligibility criteria and ranking methodology will be established before the applicable ranking period and will not be changed retroactively during that period.
FFN may publish a live Institution Leaderboard displaying information such as:
The leaderboard may reset monthly while maintaining each trader's historical Institution record.
Institution Levels recognize the amount of real FFN capital a trader has earned the opportunity to manage.
| FFN Capital Allocation | \nInstitution Level | \n
|---|---|
| $3,000+ | \nAssociate Trader | \n
| $5,000+ | \nTrader | \n
| $10,000+ | \nSenior Trader | \n
| $25,000+ | \nPrincipal Trader | \n
| $50,000+ | \nPortfolio Trader | \n
Institution Levels are recognition designations and do not independently modify these rules unless FFN expressly states otherwise. They cannot be purchased.
Institution buying power is based on the following day-trading margin rates.
| Product Code | \nProduct | \nDay-trading margin per contract | \n
|---|---|---|
| MES | \nMicro E-Mini S&P 500 | \n$50.00 | \n
| MNQ | \nMicro E-Mini Nasdaq 100 | \n$100.00 | \n
| MYM | \nMicro E-Mini Dow Jones | \n$50.00 | \n
| M2K | \nMicro E-Mini Russell 2000 | \n$50.00 | \n
| ES | \nE-Mini S&P 500 | \n$500.00 | \n
| NQ | \nE-Mini Nasdaq 100 | \n$1,000.00 | \n
| YM | \nE-Mini Dow Jones | \n$500.00 | \n
| RTY | \nE-Mini Russell 2000 | \n$500.00 | \n
| NKD | \nNikkei 225 Dollar | \n$2,000.00 | \n
| CL | \nCrude Oil | \n$2,000.00 | \n
| QM | \nE-Mini Crude Oil | \n$1,000.00 | \n
| MCL | \nMicro Crude Oil | \n$200.00 | \n
| NG | \nNatural Gas | \n$1,000.00 | \n
| GC | \nGold | \n$2,000.00 | \n
| MGC | \nMicro Gold | \n$100.00 | \n
| SI | \nSilver | \n$2,000.00 | \n
| SIL | \nMicro Silver | \n$400.00 | \n
| HG | \nCopper | \n$500.00 | \n
| ZB | \n30-Year Treasury Bond | \n$500.00 | \n
| UB | \n30-Year Ultra Bond | \n$500.00 | \n
| ZN | \n10-Year Treasury Note | \n$200.00 | \n
| ZF | \n5-Year Treasury Note | \n$150.00 | \n
| ZT | \n2-Year Treasury Note | \n$75.00 | \n
| ZC | \nCorn | \n$250.00 | \n
| ZS | \nSoybeans | \n$500.00 | \n
| ZW | \nWheat | \n$250.00 | \n
| MBT | \nMicro Bitcoin | \n$50.00 | \n
| MET | \nMicro Ether | \n$50.00 | \n
Institution buying power is subject to FFN risk controls.
FFN may establish lower position limits or otherwise restrict available buying power based on individual trader risk, account capital, strategy, volatility, market conditions, concentration, or aggregate Institution exposure.
Capital allocation does not guarantee unrestricted use of all available leverage.
Institution accounts are intraday accounts. Overnight positions are prohibited.
All positions must be closed before 4:44 PM ET.
If FFN or the broker is required to liquidate a position because the trader failed to close it by the cutoff, the Institution account is breached and closed.
The Institution is managed as a portfolio of FFN capital.
FFN may take reasonable action necessary to manage individual or aggregate risk, including:
Risk decisions may consider individual trading performance, market conditions, volatility, liquidity, correlated trader exposure, concentration, FFN's aggregate portfolio, or other legitimate risk-management considerations.
If FFN closes an otherwise compliant and profitable Institution account solely for portfolio-risk reasons, eligible trader profits remain payable under the applicable 90/10 split.
If account equity reaches the current MLL, the Institution account is breached and trading access ends.
Any remaining eligible live profit will be settled according to the 90/10 profit split.
FFN-owned capital, including starting capital, FFN's retained profit share, milestone allocations, leaderboard Performance Allocations, and discretionary capital allocations, remains property of FFN.
Simulated performance determines whether a trader earns consideration for real capital. It does not determine the amount of real capital allocated.
Every trader promoted to the Institution begins with the same $3,000 initial FFN capital allocation.
Additional FFN capital is earned through live performance, FFN profit reinvestment, performance milestones, monthly Risk-Weighted Return rankings, and discretionary Risk Desk allocations.
Live commissions, market data fees and other trading fees: TBD.
| Rule | \nFFN Institution | \n
|---|---|
| Promotion trigger | \n4th payout on one Sim Funded account, or 10 payouts since the last Promotion Review | \n
| Sim Funded accounts at the Promotion Review | \nAll close, regardless of outcome | \n
| Risk Interview | \nRequired, 1:1 | \n
| Starting live capital | \n$3,000 of real FFN capital | \n
| Profit split | \n90% trader / 10% FFN | \n
| Payout processing | \nSame business day | \n
| Initial MLL | \n$0 | \n
| MLL before the first payout | \nDoes not trail | \n
| First payout | \nEstablishes the Permanent Risk Buffer | \n
| FFN profit share | \nRetained as FFN-owned capital | \n
| Performance ranking | \nRisk-Weighted Return | \n
| Monthly performance award | \nTop 10% earn additional FFN capital | \n
| Scaling | \nMilestones, ranking and discretionary allocation | \n
| Overnight positions | \nProhibited | \n
| Buying power | \nDay-trading margin rates, subject to FFN risk controls | \n
| Capital ceiling | \nNone predetermined | \n