- Five Unique Funding Programs
- Free Trial
- Professional Trader Dashboard
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
- Leverage up to 1:200
- No Maximum Trading Day Requirements
- Scaling Plan
- First Payout After 7 Days with Knight & Dragon Challenge
- Weekly & Bi-weekly Payouts
- On-demand Payouts on Knight Pro Challenge
- Profit Share of 75% up to 95% (Depending on Challenge)
- Overnight Holding Allowed
- Weekend Holding & News Trading Allowed on Swing Accounts
- Affordable Dragon Challenge
- Balance-based Drawdown on & Dragon Challenge
- Royal, Royal Pro and Knight Challenge have Equity-based Drawdown
- Minimum Trading Day Requirements on & Royal Challenges
- Trailing Drawdown on Knight Pro & Knight Challenges
The Funded Trader is searching for passionate and experienced traders who will succeed with their funds’ help by showing skills in unpredictable market conditions. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 95% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Who are The Funded Trader?
The Funded Trader is a proprietary trading firm with the legal name The Funded Trader LLC that was incorporated on the 12th of May, 2021. They are located in Liberty Hill, Texas, and are being managed by CEO Angelo Ciaramello. The Funded Trader provides traders with the opportunity to choose between five account types, two two-step evaluations, two one-step evaluations, and a three-step evaluation, while being partnered with Voyage Markets and Thaurus LTD as their brokers.
The Funded Trader headquarters are located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.
Who is the CEO of The Funded Trader?
Angelo Ciaramello is a 29-year-old entrepreneur from New Jersey that has founded The Funded Trader back in 2020. His company started as a startup that gamified capital markets retail trading. The goal was to provide an opportunity for individual traders who would compete to get funded and make the top spot on the rankings leaderboard.
Angelo and his team managed to develop multiple funding challenges that provide individuals with the opportunity to trade the company’s capital and receive percentage-based profit splits. One of his greater achievements in life was that he was recognized as one of the top 25 Financial Technology Leaders of New Jersey for the year 2022.
Anyone interested in following Angelo Ciaramello can do so by following his Instagram and LinkedIn. This way, you will be able to see more of his posts and what he’s up to on a daily basis.
Video Review
Funding Program Options
The Funded Trader provides its traders with five unique funding program options:
- Royal Pro Challenge
- Royal Challenge
- Knight Pro Challenge
- Knight Challenge
- Dragon Challenge
Royal Pro Challenge
The Funded Trader Royal Pro Challenge provides traders with the opportunity to manage account sizes ranging from $25,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Royal Pro Challenge allows you to trade with leverage up to 1:50.
| Account Size | Price |
|---|---|
| $25,000 | $239 |
| $50,000 | $470 |
| $100,000 | $949 |
| $200,000 | $1,890 |
Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five profitable trading days in order to proceed to phase two. You must also follow the 3% daily cap rule in Phase 1. If your balance or floating equity exceeds this limit, all trades will be automatically closed, and your account will be paused until the next day.
Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five profitable trading days in order to proceed to a funded account. You must also follow the 1,5% daily cap rule in Phase 2. If your balance or floating equity exceeds this limit, all trades will be automatically closed, and your account will be paused until the next day.
By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 3 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted also in 3 calendar days. Your profit split will be 75% up to 95% based on the profit you make on your funded account. You must also follow the 2% daily cap rule in Funded stage. If your balance or floating equity exceeds this limit, all trades will be automatically closed, and your account will be paused until the next day.
Add-ons for The Funded Trader’s Royal Pro Challenge
- 85% profit split or 95% profit split
Royal Pro Challenge Scaling Plan
The Royal Pro Challenge also has a scaling plan. If a trader make an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size. The profit split can increase up to 95%, the maximum daily loss can increase up to 6%, and the maximum trailing loss can increase up to 12% through the scaling plan.
Example:
After 3 Months: A qualified $100,000 account increases to $125,000.
After the Next 3 Months: A qualified $125,000 account increases to $150,000.
After the Next 3 Months: A qualified $150,000 account increases to $175,000.
And so on…
Royal Pro Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
- Minimum Profitable Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 1 days.
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
Royal Challenge
The Funded Trader Royal Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Royal Challenge allows you to trade with leverage up to 1:50.
| Account Size | Price |
|---|---|
| $5,000 | $60 |
| $10,000 | $120 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $1,158 |
Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.
Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted bi-weekly. Your profit split will be 75% up to 92.75% based on the profit you make on your funded account.
Add-ons for The Funded Trader’s Royal Challenge
- First Withdrawal After 14 Calendar Days
Royal Challenge Scaling Plan
The Royal Challenge also has a scaling plan. If a trader is profitable for at least two out of the last three months with If a trader make an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size. The profit split can increase up to 92.75%, the maximum daily loss can increase up to 6%, and the maximum trailing loss can increase up to 12% through the scaling plan.
Example:
After 3 Months: A qualified $100,000 account increases to $125,000.
After the Next 3 Months: A qualified $125,000 account increases to $150,000.
After the Next 3 Months: A qualified $150,000 account increases to $175,000.
And so on…
Royal Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.
- Minimum Profitable Trading Days – The minimum profitable trading day requirement you must meet before you can successfully conclude an evaluation phase. The evaluation phase has a 5 minimum profitable trading day requirement, where you must make a profit of 0.1% per day.
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
- No News trading – There are restrictions in place for 2 minutes before and after the release of a red folder event. During this 4-minute window, opening or closing market orders, executing pending limit orders, and triggering take profit or stop-loss orders are all restricted.
Knight Pro Challenge
The Funded Trader Knight Pro Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Knight Pro Challenge allows you to trade with leverage up to 1:30.
| Account Size | Price |
|---|---|
| $5,000 | $65 |
| $10,000 | $105 |
| $25,000 | $195 |
| $50,000 | $295 |
| $100,000 | $495 |
| $200,000 | $945 |
The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 8% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to have a minimum of 3 profitable trading days in order to proceed to funded status.
By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 8% maximum trailing loss rules. Your first payout is on-demand from the day you place your first position on your funded account, while all other withdrawals can also be submitted on an on-demand basis. Your profit split will be 80% up to 95% based on the profit you make on your funded account.
Knight Pro Challenge Scaling Plan
The Knight Pro Challenge also has a scaling plan. If a trader is profitable for at least two out of the last three months with either an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size. The profit split can increase up to 95%, the maximum daily loss can increase up to 6%, and the maximum trailing loss can increase up to 10% through the scaling plan.
Example:
After 3 Months: A qualified $100,000 account increases to $125,000.
After the Next 3 Months: A qualified $125,000 account increases to $150,000.
After the Next 3 Months: A qualified $150,000 account increases to $175,000.
And so on…
Knight Pro Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
- Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 8%.
- Minimum Profitable Trading Days – The minimum profitable trading day requirement you must meet before you can successfully conclude an evaluation phase. The evaluation phase has a 3 minimum profitable trading day requirement, where you must make a profit of 0.25% per day.
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
- Consistency Rule – Mandates traders to maintain uniformity in various aspects such as position sizes, risk management, losses, gains, and more. This implies that the account results should not exhibit significant variations in their characteristics. The profits earned on your best trading day should not exceed 50% of your total profits. (Only applies to Funded Status)
Knight Challenge
The Funded Trader Knight Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Knight Challenge allows you to trade with leverage up to 1:30.
| Account Size | Price |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 3% maximum daily loss or 6% maximum trailing loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 10% profit target without breaching the maximum daily or maximum trailing loss limit rules.
By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 3% maximum daily loss and 6% maximum trailing loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted weekly. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Add-ons for The Funded Trader’s Knight Challenge
- Additional Drawdown (4% Maximum Daily Loss & 7% Maximum Trailing Loss)
Knight Challenge Scaling Plan
The Knight Challenge also has a scaling plan. If a trader is profitable for at least two out of the last three months with either an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size. The profit split can increase up to 95%, the maximum daily loss can increase up to 5%, and the maximum trailing loss can increase up to 8% through the scaling plan.
Example:
After 3 Months: A qualified $100,000 account increases to $125,000.
After the Next 3 Months: A qualified $125,000 account increases to $150,000.
After the Next 3 Months: A qualified $150,000 account increases to $175,000.
And so on…
Knight Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%. (4% with Add-on or after scaling for the first time)
- Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%. (7% with Add-on)
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
- No News trading – There are restrictions in place for 2 minutes before and after the release of a red folder event. During this 4-minute window, opening or closing market orders, executing pending limit orders, and triggering take profit or stop-loss orders are all restricted.
Dragon Challenge
The Funded Trader Dragon Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout the three-step evaluation period. The Dragon Challenge allows you to trade with leverage up to 1:100.
| Account Size | Price |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to phase two, you are only required to reach the 8% profit target without breaching the maximum daily or maximum loss limit rules.
Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to phase three, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.
Evaluation phase three also requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase three. To proceed to funded status, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.
By completing all three evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted weekly. Your profit split will be 75% up to 95% based on the profit you make on your funded account. You should also note that you are able to scale your maximum daily drawdown up to 6% and maximum drawdown up to 12%.
Add-ons for The Funded Trader’s Dragon Challenge
- 95% Profit Split
Dragon Challenge Scaling Plan
The Dragon Challenge also has a scaling plan. If a trader is profitable for at least two out of the last three months with either an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size. The profit split can increase up to 95%, the maximum daily loss can increase up to 6%, and the maximum trailing loss can increase up to 12% through the scaling plan.
Dragon Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 and Phase 3 require reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%. (Scaleable up to 7%)
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%. (Scaleable up to 12%)
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
- No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Dragon Challenge can hold trades during the weekend)
- No News trading – There are restrictions in place for 2 minutes before and after the release of a red folder event. During this 4-minute window, opening or closing market orders, executing pending limit orders, and triggering take profit or stop-loss orders are all restricted.
What Makes The Funded Trader Different From Other Prop Firms?
The Funded Trader differs from most industry-leading prop firms due to offering five unique account types: two two-step evaluations, two one-step evaluations, and a three-step evaluation. In addition, they also provide numerous favorable features, such as add-ons for specific Challenge accounts, an unlimited trading period, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge.
The Funded Trader’s Royal Pro Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 Profitable Trading days in each evaluation phase. The Royal Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. You must also follow the daily cap rule in both evaluation phases and in funded stage. Compared to other funding programs within the industry, the Royal Challenge stands out mainly for having an unlimited trading period, allowing Expert Advisors, and 3 days withdrawals.
Example of comparison between The Funded Trader & FTMO
| Trading Objectives | The Funded Trader (Royal) | FTMO |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Profitable Trading Days | 4 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 95% | 80% up to 90% |
Example of comparison between The Funded Trader & Smart Prop Trader
| Trading Objectives | The Funded Trader (Royal) | Smart Prop Trader (Standard) |
|---|---|---|
| Phase 1 Profit Target | 8% | 7% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 10% | 8% (Scaleable up to 28%) |
| Minimum Trading Days | 5 Profitable Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 95% | 75% up to 95% |
Example of comparison between The Funded Trader & FXIFY
| Trading Objectives | The Funded Trader (Royal) | FXIFY |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Profitable Trading Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 95% | 75% up to 92.75% |
The Funded Trader’s Royal Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. The Royal Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Royal Challenge stands out mainly for having an unlimited trading period, allowing Expert Advisors, and bi-weekly withdrawals.
Example of comparison between The Funded Trader & E8 Markets
| Trading Objectives | The Funded Trader (Royal Pro) | E8 Markets |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 4% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 10% | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 92.75% | 80% |
Example of comparison between The Funded Trader & Funding Pips
| Trading Objectives | The Funded Trader (Royal Pro) | Funding pips |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% (Scaleable up to 7%) |
| Maximum Loss | 10% | 10% (Scaleable up to 14%) |
| Minimum Trading Days | 5 Calendar Days | 3 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 92.75% | 75% up to60% up to 100% + Monthly Salary |
Example of comparison between The Funded Trader & FXIFY
| Trading Objectives | The Funded Trader (Royal Pro) | FXIFY |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 75% up to 92.75% | 75% up to 90% |
The Funded Trader’s Knight Pro Challenge is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 5% maximum daily and 8% maximum trailing loss rules. You also have no maximum trading day requirements during either evaluation phase. However, you are required to have a minimum of 3 profitable trading days in the evaluation phase. The Knight Pro Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Knight Pro Challenge stands out mainly for having an unlimited trading period, an above-average daily drawdown and maximum drawdown, and on-demand payouts.
Example of comparison between The Funded Trader & Goat Funded Trader
| Trading Objectives | The Funded Trader | Goat Funded Trader |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 8% (Trailing) | 6% |
| Minimum Trading Days | 3 Profitable Days | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 75% up to 95% |
Example of comparison between The Funded Trader & FTUK
| Trading Objectives | The Funded Trader | FTUK |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 8% (Trailing) | 8% (Trailing) |
| Minimum Trading Days | 3 Profitable Days | 4 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 50% up to 80% |
Example of comparison between The Funded Trader & Funding Pips
| Trading Objectives | The Funded Trader | Funding Pips |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 5% | 4% (Scaleable up to 6%) |
| Maximum Loss | 8% (Trailing) | 6% (Scaleable up to 10%) |
| Minimum Trading Days | 3 Profitable Days | 3 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 80% up to 100% + Monthly Salary |
The Funded Trader’s Knight Challenge is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 3% maximum daily and 6% maximum trailing loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. The Knight Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Knight Challenge stands out mainly for having an unlimited trading period, a daily drawdown and maximum drawdown add-on, and weekly withdrawals.
Example of comparison between The Funded Trader & PipFarm
| Trading Objectives | The Funded Trader | PipFarm (Static) |
|---|---|---|
| Profit Target | 10% | 12% |
| Maximum Daily Loss | 3% (4% with Add-on) | 3% |
| Maximum Loss | 6% (Trailing)(7% with Add-on) | 6% |
| Minimum Trading Days | No Minimum Trading Days | 3 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 70% up to 95% |
Example of comparison between The Funded Trader & Funded Trading Plus
| Trading Objectives | The Funded Trader | Funded Trading Plus |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 3% (4% with Add-on) | 4% |
| Maximum Loss | 6% (Trailing)(7% with Add-on) | 6% (Trailing) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 80% up to 100% |
Example of comparison between The Funded Trader & MyFundedFX
| Trading Objectives | The Funded Trader | MyFundedFX |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 3% (4% with Add-on) | 4% (Scaleable up to 6%) |
| Maximum Loss | 6% (Trailing)(7% with Add-on) | 6% (Trailing)(Scaleable up to 12%) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 95% | 80% up to 92.75% |
The Funded Trader’s Dragon Challenge is a three-step evaluation that requires traders to successfully complete three phases before becoming eligible for payouts. The profit target is 8% in phase one, 5% in phase two, and 5% in phase three, with a 5% maximum daily and 10% maximum loss rules. You also have no minimum or maximum trading day requirements during all three evaluation phases. The Dragon Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Dragon Challenge stands out mainly for having an unlimited trading period, balance-based drawdown, weekly withdrawals, and affordable evaluation fees.
Example of comparison between The Funded Trader & E8 Markets
| Trading Objectives | The Funded Trader | E8 Markets |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 4% |
| Phase 3 Profit Target | 5% | 4% |
| Maximum Daily Loss | 5% (Scaleable up to 6%) | 4% |
| Maximum Loss | 10% (Scaleable up to 12%) | 8% (Scaleable up to 14%) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited Phase 3: Unlimited | Phase 1: Unlimited Phase 2: Unlimited Phase 3: Unlimited |
| Profit Split | 75% up to 95% | 80% |
Example of comparison between The Funded Trader & The5ers
| Trading Objectives | The Funded Trader | The5ers (Bootcamp) |
|---|---|---|
| Phase 1 Profit Target | 8% | 6% |
| Phase 2 Profit Target | 5% | 6% |
| Phase 3 Profit Target | 5% | 6% |
| Maximum Daily Loss | 5% (Scaleable up to 6%) | ❌ (3% Daily Pause Once Funded) |
| Maximum Loss | 10% (Scaleable up to 12%) | 5% (4% Once Funded) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited Phase 3: Unlimited | Phase 1: Unlimited Phase 2: Unlimited Phase 3: Unlimited |
| Profit Split | 75% up to 95% | 50% up to 100% |
In conclusion, The Funded Trader differs from other industry-leading prop firms by offering five unique account types: two two-step evaluations, two one-step evaluations, and a three-step evaluation. In addition, they also provide numerous favorable features, such as add-ons for specific Challenge accounts, unlimited trading periods, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge.
Is Getting The Funded Trader Capital Realistic?
It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.
- Receiving capital from the Royal Challenge Pro is realistic primarily due to its modest profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum Profitable trading day requirement of 5 calendar days. You have also follow the daily cap rule in both evolutions phases and funded stage. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 75% up to 95%.
- Receiving capital from the Royal Challenge is realistic primarily due to its modest profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 75% up to 92.75%.
- Receiving capital from the Knight Pro Challenge is realistic primarily due to its average profit target of 10% coupled with above-average maximum loss rules (5% maximum daily and 8% maximum trailing loss). It is important to note that you have no maximum trading day requirements while having a minimum of 3 profitable trading day requirements in the evaluation phase. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80% up to 95%.
- Receiving capital from the Knight Challenge is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (3% maximum daily and 6% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80% up to 95%.
- Receiving capital from the Dragon Challenge is realistic primarily due to its relatively modest profit targets, despite the additional evaluation phase (8% in phase one, 5% in phase two, and 5% in phase 3) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing all three evaluation phases, participants qualify for payouts featuring an advantageous profit split of 75% up to 95%.
After considering all the factors, The Funded Trader is highly recommended since you have five unique funding programs to choose from, two two-step evaluations, two one-step evaluations, and a three-step evaluation, which all feature realistic trading objectives and conditions for qualifying for payouts.
Payment Proof
The Funded Trader is a proprietary trading firm that was incorporated on the 12th of May, 2021. They have a large community of traders who have reached funded status and successfully qualify for a profit split.
While working with The Funded Trader and reaching funded status with the Royal Challenge, you will be eligible to receive your first payout after 30 calendar days (14 calendar days with Add-on). However, after your first payout, you will be eligible to receive payouts if you exceed the initial account size every 14 calendar days. Your profit split will consist of a generous will consist of a generous 75% up to 92.75% based on the profit that you have generated on your Royal Challenge. However, the first three payouts cannot be more than 5%.
While working with The Funded Trader and reaching funded status with the Royal Pro Challenge, you will be eligible to receive your first payout after 3 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed the initial account size every 3 calendar days. Your profit split will consist of a generous will consist of a generous 75% up to 95% based on the profit that you have generated on your Royal Pro Challenge.
However, while working with The Funded Trader and reaching funded status with the Knight or Dragon Challenge, you will be eligible to receive your first payout after only 7 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed the initial account size every 7 calendar days. Your profit split will consist of a generous 80% up to 90% based on the profit that you have generated on your funded Knight Challenge, while the Dragon Challenge will provide you with a generous profit split of 75% up to 95%.
And lastly, while working with The Funded Trader and reaching funded status with the Knight Pro Challenge, you will be eligible to receive your first payout on-demand by meeting the consistency criteria. However, after your first payout, you will also be eligible to receive payouts if you exceed your initial account size on an on-demand basis if the consistency criteria is met. Your profit split will consist of a generous 80% up to 95% based on the profit that you have generated on your funded Knight Pro Challenge.
When it comes to The Funded Trader payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of The Funded Trader is their Discord channel, where you can find numerous payout certificates of the most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
Which Broker Does The Funded Trader Use?
The Funded Trader is partnered with Voyage Markets and Thaurus LTD as their broker.
As for trading platforms, while you are working with The Funded Trader, they allow you to trade on cTrader if you choose Voyage Markets, on MetaTrader 5 if you choose Thaurus LTD, and on Match-Trader.
Trading Instruments
As mentioned above, The Funded Trader is partnered with Voyage Markets and Thaurus LTD, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:200, depending on the trading instrument that you are trading and the Challenge that you are participating in.
Voyage Markets Forex Pairs
| CAD/JPY | CHF/JPY | EUR/CAD | EUR/CHF | EUR/GBP | EUR/JPY |
| EUR/USD | GBP/CAD | GBP/CHF | GBP/JPY | GBP/USD | USD/CAD |
| USD/CHF | USD/JPY | AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD |
| AUD/USD | CAD/CHF | EUR/AUD | EUR/NOK | EUR/NZD | EUR/SGD |
| GBP/AUD | GBP/NZD | NZD/CAD | NZD/CHF | NZD/JPY | NZD/USD |
| USD/NOK | USD/SEK | USD/SGD | EUR/ZAR | EUR/HUF | USD/MXN |
| USD/ZAR | EUR/PLN | USD/TRY | EUR/TRY |
Voyage Markets Commodities
| XAU/USD | XAG/USD | WTI | BRENT |
Voyage Markets Indices
| AUS200 | ESTX50 | FRA40 | GER40 | JPN225 |
| NAS100 | SPX500 | UK100 | US30 |
Voyage Markets Cryptocurrencies
| BTC/USD | BCH/USD | ETH/USD | LTC/USD |
Thaurus LTD Forex Pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/USD | CAD/CHF |
| CAD/JPY | CHF/JPY | EUR/AUD | EUR/CAD | EUR/CHF | EUR/GBP |
| EUR/HUF | EUR/JPY | EUR/NZD | EUR/PLN | EUR/TRY | EUR/USD |
| GBP/AUD | GBP/CAD | GBP/CHF | GBP/JPY | GBP/NZD | GBP/USD |
| NZD/CAD | NZD/CHF | NZD/JPY | NZD/USD | USD/CAD | USD/CHF |
| USD/JPY | USD/MXN | USD/NOK | USD/SEK | USD/SGD | USD/TRY |
| USD/ZAR | USD/PLN | USD/HUF |
Thaurus LTD Commodities
| XAG/USD | XAU/USD | BRENT | CL |
Thaurus LTD Indices
| ASX | DAX | DOW | FTSE | NIKKEI |
| NSDQ | SP | STOXX50 |
Thaurus LTD Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Trading Fees
Trading Commission
| Trading Instrument | Commission Fee |
|---|---|
| FOREX | 4 USD / LOT |
| COMMODITIES | 1 USD / LOT (0 USD / LOT on Oil) |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Spread Account
To check the live spreads, log in to the trading account below.
| Platform | Server | Login Number | Password | Download Platform |
|---|---|---|---|---|
| MetaTrader 5 | – | – | – | Click here |
| cTrader | – | – | – | Click here |
| Match-Trader | – | – | – | Click here |
Education
The Funded Trader provides its community with a detailed Media section with educational content, such as the following six categories:
- Community Update – Latest news and updates
- Company Announcements – Latest announcements regarding TFT
- FAQ – Video form of frequently asked questions
- Podcasts – Educational podcasts with successful traders
- Spanish FAQ – Video form of frequently asked questions in the Spanish language
- Trader Interviews – TFT Trader interviews
Additionally, we can also find a detailed Blog within the Media section, which includes educational content, such as the following six categories:
- Trader Interviews – TFT Trader interviews
- Trading Psychology – Educational trading psychology content
- Trading Systems – Educational content for beginners
- Trading Tips – Educational articles about trading suggestions, guides, and essential aspects of trading
- Company Updates – Latest announcements of company updates
- Industry News – Educational articles on the prop industry changes
The Funded Trader stands out as an exclusive proprietary trading company that provides a complimentary trial option. This enables traders to familiarize themselves with and adjust to the platform’s trading conditions, reducing the chances of errors when they eventually choose one of the five evaluation programs offered.
And lastly, The Funded Trader also provides all clients access to a professionally designed trader dashboard. This feature streamlines risk management by offering constant access to detailed statistics and objectives, ensuring real-time updates every minute of the day. This enhancement contributes to an overall improved user experience.
The Funded Trader Trading Dashboard
Trustpilot Feedback
The Funded Trader has gathered an average score on Trustpilot based on their community’s feedback.
On Trustpilot, The Funded Trader has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an average rating of 3.2 out of 5 from a substantial pool of 21,083 reviews. Notably, 67% of these reviews have awarded The Funded Trader the highest rating of 5 stars.
The first comment shows us The Funded Trader receiving positive acclaim as a reputable company, with a community member expressing satisfaction and a trouble-free experience. The client appreciates the consistent availability of promotions, rewards, discounts, and prizes, expressing the hope that this favorable aspect will be maintained at its current level.
Additionally, The Funded Trader is highly praised as an exceptional proprietary trading firm, often regarded as the best in the industry. The client highlights its standout features, including low commissions, tight spreads, prompt support, fast payouts, and numerous other positive attributes. They express a strong recommendation for TFT to anyone seeking to trade with a prop firm.
Social Media Statistics
The Funded Trader can also be found on numerous social media platforms.
| 21,000 Followers & 15,000 Likes | |
| 125,000 Followers | |
| Telegram | 19,178 Members |
| Discord | 106,016 Members |
| YouTube | 102,000 Subscribers |
| 99,200 Followers | |
| 5,500 Members | |
| TikTok | 48,800 Followers & 455,100 Likes |
Customer Support
| Live Chat | ✅ |
| [email protected] | |
| Phone | (888) 920-3079 |
| Discord | Discord Link |
| Telegram | Telegram Link |
| FAQ | FAQ Link |
| Help Center | ❌ |
| ❌ | |
| Messenger | ❌ |
| Supported Languages | English, French, Portuguese, Spanish |
Account Opening Process
- Registration Form – Register with The Funded Trader by filling out the registration form with your personal details and logging into the trading dashboard.
- Choose Your Account – Choose your challenge type, account size, trading platform, broker, account type, and add-ons.
- Apply Discount Code – Apply our discount code forexpropreviews and enjoy a 10% discount on all The Funded Trader challenge types.
- Choose Payment Method – Choose between a credit/debit card and cryptocurrency payment method after you have successfully applied our discount code.
Conclusion
In conclusion, The Funded Trader is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the Royal Pro Challenges and Royal Challenges, which are a two-step evaluation, the Knight Pro Challenge and Knight Challenge, which are one-step evaluations, and the Dragon Challenge, which is a three-step evaluation.
The Funded Trader’s Royal Pro Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 75% up to 95% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to have a minimum of 5 Profitable trading days in each evaluation phase. Finally, it’s essential to note that the Royal Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance
The Funded Trader’s Royal Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 75% up to 92.75% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. Finally, it’s essential to note that the Royal Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Funded Trader’s Knight Pro Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 95% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 8% maximum trailing loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to have a minimum of 3 profitable trading days in the evaluation phase. Finally, it’s essential to note that the Knight Pro Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Funded Trader’s Knight Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 95% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Knight Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Funded Trader’s Dragon Challenge is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 75% up to 95% profit splits. Traders must reach profit targets of 8% in phase one, 5% in phase two, and 5% in phase three to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Dragon Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
I would recommend The Funded Trader to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as add-ons for specific Challenge accounts, unlimited trading periods, 3 days, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge. After considering everything The Funded Trader has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.
Our detailed review of The Funded Trader was last updated on 02.04.2025 at 11:09 (CE(S)T).
What are your individual opinions on The Funded Trader and the services they offer? Do they align with the trading conditions and services you’ve been seeking?
Let us know if you enjoyed our detailed The Funded Trader review by commenting below!
The Funded Trader Review (10% Discount Code: FOREXPROPREVIEWS) Details
Why website looks like a minecraft game ? lol
Thank you for discount code
I wanted to buy an account with this company but I am one of the people who ask a lot before buying
In relation to the time of the operation, it is not allowed to open operations that last less than two minutes “this is normally done by companies that do not offer real accounts”, I did not see that rule on the page but talking to the support apparently he misunderstood my question and thank god he told me that rule, this rule is very dangerous because in most cases traders are looking for a target not a trade time .
In this case speaking with the support I put the words of the support:
support: “There’s no lot size restriction in challenge but make sure your each trade should be like 2 minutes or more.”
“Trading just for few seconds is not allowed”
“No one is allowed to take advantage from macroeconomics like ( a trader is not allowed to trade with heavy lots just for few seconds, each trade should be like 2minutes)”
Trading indexes is currently paused, but nowhere on the page does it say so:
Support:
“But right now indices are paused in funded account hopefully indices will be enables in funded account as well in next few days”
“But right now Indices are paused in funded account. So once we enabled indices in funded account there can be some changes on this indices rule as well but we’ll update on website right away if there’s any changes”
In conclusion, there are many recognized companies where this rule does not exist and there is nothing hidden, if you are going to buy an account in this company, understand very well that 2-minute rule, very dangerous.
From my experience, companies like this end up disappearing.
Very good
Incredible prop firm, love the fact they added Eightcap as their broker options and that they have a $400k challenge!
Great credible prop firm, thank you for the in depth review.
Thx for discount
Finally a challenge where I can use an EA, thank you the Funded Trader.
The Royal challenge is so beneficial for traders that have developed their EA!
Is it true that they will have instant funding?
Yes, they have announced that they will be adding an Instant funding program sometime until the end of 2022.
I’m funded with The Funded Trader Program and I must say they are an incredible prop firm
However, the thing I am looking the most forward to is their instant funding program that is coming out sometime until the end of the year
Can’t wait
Finally a challenge that I can trade with an expert advisor on
Thank you for the awesome review
The Royal Challenge really is a great additon
This firm is so good
video review and comparison are very useful
thanks
NEW INVESTORS BEWARE! A flat rate of $5 per lot commission fees is a SCAM! They don’t show you all the commission fees you’re paying unless you dig deep into their unorganized and spread out FAQ.
Even if you close in a position in a small profit you’re still taking a big loss, especially if you’re trading anything other than SPX.
Crypto traders or small-mid cap stock/forex traders, it’s $50 commission to buy/sell 10 coins/lots when most exchanges only charge .04% on average. I had $97 in profit and -$800 in commissions.
Yeah, I won’t be dropping another dime into this scam site. It’s set up for you the inexperienced trader to fail and have to rebuy more attempts.
Never in my trading life have I had $800 in commission fees in less than 48 hours. Going on 20 years of experience now.
Buried in their FAQ’s you find this…
1 lot = $5 commissions
5 lots = $25 commissions
10 lots = $50 commissions
Example: BCH/USDT is currently around $50. If you buy 10 coins that’s $500, at $50 commission that’s a 10% fee, and you’re not allowed to have trades open overnight or over the weekends on non swing accounts, which isn’t clearly stated when those times are.
Nothing about these accounts are real, even after passing you are still trading “virtual funds”, aka not real money… They’re using their Funded Traders as copy traders for themselves and paying you out a %. If they don’t know how to run a business properly, manage their investors money, or just want to take the money and run at any time there is nothing protecting you. And at any point in time they do not have to pay you out on any earnings if they don’t want to for whatever reason.
I heavily caution against this site, it’s a MAJOR red flag, and I was removed from their community for bringing these issues up.
Hello, we apologize for your negative experience with The Funded Trader Program. However, despite your claims, we would like to mention that we have multiple successful and profitable traders in our community that are funded by The Funded Trader Program. In addition, we would kindly advise you to contact them directly if you think the commission charges were too high on your trading account so they can look into the problem.
best black friday offer ever
the funded trader Program is the most lively and exciting prop firm there is
NEVER RECOMMEND THIS GARBAGE FIRM
I don’t want to rate even 1 star.
I want to give this trash 0 star if possible.
I kindly inquired to this trash support team by the email about various fatal problems regarding this firm such as hidden rules that are unilaterally advantageous to the company (which leads to unavailable overnight trading), server freezing and delay and strange new margin rule (TFT’s own stop-out level different from their partner Eightcap), but they never try to listen blocking their ears. HOW CAN I EVEN TRADE IF THE SERVER IS NOT RUNNING AND FREEZED AT ALL ? I ASKED ABOUT THIS TO THEM AND THEY ANSWERED THIS IS MY PROBLEM JESUS LOL. Therefore, I am not getting ready to file a legal complaint against this company for fraud. What a waste of time and money.
I SINCERELY ADVISE TO SKIP THIS GARBAGE.
My fav prop firm 👍