Dear Traders and Blue Point Followers,
After several months of developmental work and having taken into consideration extensive feedback we received from our fellow traders on the structure of our current Trader Trainee Programme, we are proud to inform you about the release of a new, additional trader programme account solution: The Trader Trainee Programme Development Account.
This new account type aims to serve as a complementary programme solution to our current Standard and Pro Accounts. In future all three account options will be available to clients. These accounts will all operate within the framework of our Trader Programme Rules with regards to payouts, maximum position limits and profit targets. The Development Account comes with the same educational features that the Standard and Pro accounts enjoy, for example a sophisticated e-Learning platform, an individual Trade Plan review and built-in trade journaling capabilities.
The features that differentiate the Trader Trainee Programme Development Account, however, are the following:
- The account offers clients three times the drawdown limitation allowance up to the completion of Multiplier Level 3. After Multiplier Level 3 (i.e. at the beginning of Month 4), the same Career Advancement Rules that apply to the Standard and Pro Accounts (page 4 of the Trader Programme Rules) will apply. Click here for an update to the Trader Programme Rules pdf and refer to page 4 for the specific Development Account rules.
- This account has a built-in, non-compulsory, merit-based “Failure Report” feature. This report, inside the BluePoints Application, is triggered on the first two attempts and upon failure to reach the required 300-pip profit target. It provides trainees with the option of maintaining their current Multiplier Level (>1). While submission of the report is not compulsory, failure to do so, before commencing with an additional attempt, will automatically result in the trainee being set back to the first month (to Multiplier Level 1).
To summarise, the new programme solution is designed for beginner and intermediate trader trainees who seek a unique educational experience as well as the career opportunities associated with our programme. The new programme offers greater flexibility, with regards to the maximum number of losses (attempts) during the initial three-month period after activation. This flexibilility, in tandem with a built-in educational “Failure Report” feature, enforces trader discipline. The programme is designed to assist traders in honing their skills and becoming the best traders they can possibly be.
Please also see the following description video below:
For more information, please contact your respective Trade Floor Manager via e-mail or schedule an orientation call by clicking here to evaluate whether this new BPT programme account solution may be a suitable fit for your trading career ambitions.
The BPT Management Team