The Funded Trader Giveaway Accounts Analysis- What’s new?

Plenty of Giveaways take place every month. But have you ever wondered what happens after everyone has won? In the prop industry, where traders receive challenge accounts, have you ever thought what would be the ratio of pass or fail in them? Well, to solve the mystery, The Funded Trader has shared the May Giveaway Analysis of the Accounts.

The Funded Trader May Giveaway Accounts Analysis

According to The Funded Trader, they have given out about $10,165,000 in funding exclusively through giveaways in the last 45 days. 

Out of those 456 accounts, here are the current stats:

• 165 accounts have failed phase 1 (36.1%)
• 56 accounts that passed phase 1 (12.2%)
• 77 accounts in loss (16.8%)
• 98 accounts which haven’t taken a trade yet (21.4%), 60 accounts are in profit (13.1%) 

What about the 56 accounts which have already passed phase 1? 

• 22 accounts have failed phase 2 (39%)
• 20 accounts have passed phase 2 and got funded (35.7%)
• 6 accounts in loss (10.7%)
• 4 accounts haven’t taken a trade yet (7%), 4 accounts are in profit (7%) 

Now what about those 20 funded accounts?

• 5 accounts have failed (25%)
• 5 accounts that haven’t taken a trade yet (25%)
• 3 accounts are in a loss (15%)
• 7 accounts are in profit totaling $2,600 (35%)
• There has been 1 payout of $543. 

TFT shared that the reality of receiving a giveaway account is that most people treat it with little responsibility. Giving away these accounts helps out the firm because it allows firms to grow their community and provide an opportunity for you. Please do not take this opportunity lightly. Treat a giveaway the same way you’d treat an account you paid for. Also, the prop firm hopes to see this number improve the next time they conduct this analysis on the accounts they gave away for the June competition. 

About the Firm

The Funded Trader is searching for passionate and experienced traders who will succeed with their funds’ help by showing skills in unpredictable market conditions. They are partnered with Eightcap and Purple Trading Seychelles as their brokers.
Lastly, don’t forget to use our Discount code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.