The Funded Trader has the same founders as The Forex League and VVS Academy. They made this prop firm to provide their community with the exact solutions required.
- Maximum balance of standard accounts up to $600,000
- Four different funding program options
- 80% profit split on all funded accounts
- Leverage up to 1:200
- Over 5k Trustpilot reviews with an excellent score of 4.7/5
- Unlimited evaluation free retries
- Scaling plan with balance up to $1,500,000
- 90% profit split on scaling plan
- Overnight and weekend holding allowed
- News trading allowed
- A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
- No free trial (yet)
- Customer support is reliable but relatively slow
- Trailing drawdown (Knight's challenge)
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 allow them to earn high profits by managing account sizes up to $1,500,000 and taking home profit splits up to 90%. They can achieve this by trading forex pairs, commodities, indices, and cryptocurrencies.
Who are The Funded Trader?
The Funded Trader is a proprietary firm incorporated on the 12th of May, 2021. They have an office based in the US while offering their traders a chance to work with capital up to $1,500,000 in balance and with up to 90% profit splits. They are partnered with Eightcap and Purple Trading Seychelles as their brokers.
Their 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 24-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 to be 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 offers its traders four different programs to choose from:
- Standard challenge accounts
- Standard regular challenge accounts
- Standard swing challenge accounts
- Rapid challenge accounts
- Rapid regular challenge accounts
- Rapid swing challenge accounts
- Royal challenge accounts
- Knight challenge accounts
Standard challenge accounts
| Account size | Price |
|---|---|
| $10,000 | $139 |
| $25,000 | $189 |
| $50,000 | $315 |
| $100,000 | $549 |
| $200,000 | $979 |
| $300,000 | $1,469 |
| $400,000 | $1,958 |
The Funded Trader standard challenge account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The regular evaluation program account allows you to trade with 1:200 leverage. However, the swing evaluation programs allow you to trade with 1:60 leverage. The only other difference is that swing accounts have the option to hold trades over the weekends, while regular accounts require you to close your trades.
Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 6% maximum daily loss or 12% maximum loss rules. You are required to hit your profit target in 35 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of three 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 6% maximum daily loss or 12% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of three trading days in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 6% maximum daily loss, 12% maximum loss, and lot size limit rules. Your first payout is 30 calendar days from the day you place your first position on your funded account. Note that after you receive your first payout, all of your next payouts will be based on a bi-weekly basis. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Standard challenge account scaling plan
Standard challenge accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance.
Example:
After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.
After next 3 months: Balance of $250,000 increases to $300,000.
After next 3 months: Balance of $300,000 increases to $350,000.
And so on…
Trading instruments for the standard challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.
Standard challenge account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 6%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 12%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 3 minimum trading day requirement. Funded accounts have no minimum trading days before being eligible for payouts.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 35 trading days period while phase 2 has a maximum of 60 trading days period.
- Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. Only on funded accounts.
- No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- No EAs allowed means that traders are not allowed to use any type of EA services. Only expert advisors for copying purposes are allowed.
Rapid challenge accounts
| Account size | Price |
|---|---|
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
The Funded Trader rapid challenge account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The regular evaluation program account allows you to trade with 1:100 leverage. However, the swing evaluation programs allow you to trade with 1:30 leverage. The only other difference is that swing accounts have the option to hold trades over the weekends, while regular accounts require you to close your trades.
Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 35 calendar days from the day you place your first position on your evaluation account. You should note that you have no minimum trading day requirements 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 8% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You should note that you have no minimum trading day requirements to proceed to a funded account.
By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss, 8% maximum loss, and lot size limit rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all the following payouts are also on a bi-weekly basis. You can see the withdrawal schedule with profit split percentages in the spreadsheet below.
| Payout number | Profit split |
|---|---|
| 1st payout | 80% |
| 2nd payout | 85% |
| 3rd payout | 90% |
| 4th payout | 80% |
From the 4th payout and onward the profit split is 80%.
Rapid challenge account scaling plan
Rapid challenge accounts also have a scaling plan. You are required to reach a profit target of 10% or more within a single profit split period. You will receive an account increase of 10% each time your withdrawal is greater than 10% of your initial account balance.
Example:
| Account size | Profit split | Scaled account size |
|---|---|---|
| $100,000 | 10%+ | $110,000 |
| $110,000 | 10%+ | $120,000 |
| $120,000 | 10%+ | $130,000 |
| $130,000 | 10%+ | $140,000 |
Trading instruments for the standard challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.
Rapid challenge account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 35 trading days period while phase 2 has a maximum of 60 trading days period.
- Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. Only on funded accounts.
- No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
- No weekend holding means that traders are not allowed to hold open positions during the weekends.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- No EAs allowed means that traders are not allowed to use any type of EA services. Only expert advisors for copying purposes are allowed.
Royal challenge accounts
| Account size | Price |
|---|---|
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
The Funded Trader royal challenge account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:200 leverage.
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. You are required to hit your profit target in 35 calendar days from the day you place your first position on your evaluation account. You are also 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. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also 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 where you have no profit targets. You are only required to respect the 5% maximum daily loss, 10% maximum loss, and lot size limit rules. Your first payout is 30 calendar days from the day you place your first position on your funded account. Note that after you receive your first payout, all of your next payouts will be based on a bi-weekly basis. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Royal challenge account scaling plan
Royal challenge accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance.
Example:
After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.
After next 3 months: Balance of $250,000 increases to $300,000.
After next 3 months: Balance of $300,000 increases to $350,000.
And so on…
Trading instruments for the royal challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.
Royal challenge account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement. Funded accounts have no minimum trading days before being eligible for payouts.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 35 trading days period while phase 2 has a maximum of 60 trading days period.
- No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Knight challenge accounts
| Account Size | Price |
|---|---|
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
The Funded Trader knight challenge account aims to identify serious and talented traders who are rewarded for their consistency in the one-phase evaluation period. The evaluation program account allows you to trade with 1:30 leverage.
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. Your evaluation account has no minimum or maximum trading day requirements. The only requirement to become funded is hitting the profit target.
By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 3% maximum daily loss and 6% maximum trailing loss rules. Your first payout is seven calendar days from the day you place your first position on your funded account. Note that whenever you receive your first payout, all of your next payouts will be also based on a weekly basis. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Knight challenge account scaling plan
Knight challenge accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance. In addition, once they scale their account for the first time, the profit split will increase from 80% to 90%, and the daily drawdown will increase from 3% to 4%.
Example:
After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.
After next 3 months: Balance of $250,000 increases to $300,000.
After next 3 months: Balance of $300,000 increases to $350,000.
And so on…
Trading instruments for the knight challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.
Knight challenge account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase has a profit target of 10%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 3%. The maximum daily loss becomes 4% once you scale your account for the first time.
- Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 6%.
- No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
What makes The Funded Trader different from other prop firms?
The Funded Trader is different from most of the industry-leading prop firms due to almost never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends.
Compared to other prop firms, The Funded Trader standard challenge program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 5% in phase two with a 6% maximum daily, 12% maximum loss, and lot size limit rules. You are also required to trade for a minimum of 3 days in each phase before becoming funded. Standard challenge programs also have a scaling plan. Compared to other industry-leading prop firms, they have average profit targets and relatively low minimum trading day requirements.
Example of comparison between The Funded Trader & Finotive Funding
| Trading objectives | The Funded Trader | Finotive Funding |
|---|---|---|
| Phase 1 profit target | 10% | 7.5% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 6% | 5% |
| Maximum loss | 12% | 10% |
| Minimum trading days | 3 calendar days | No minimum trading days |
| Profit split | 80% up to 90% | 75% up to 95% |
Example of comparison between The Funded Trader & E8 Funding
| Trading objectives | The Funded Trader | E8 Funding |
|---|---|---|
| Phase 1 profit target | 10% | 8% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 6% | 5% |
| Maximum loss | 12% | 8% (Scaleable up to 14%) |
| Minimum trading days | 3 calendar days | No minimum trading days |
| Profit split | 80% up to 90% | 80% |
Example of comparison between The Funded Trader & My Forex Funds
| Trading objectives | The Funded Trader | My Forex Funds |
|---|---|---|
| Phase 1 profit target | 10% | 8% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 6% | 5% |
| Maximum loss | 12% | 12% |
| Minimum trading days | 3 calendar days | 5 calendar days |
| Profit split | 80% up to 90% | 75% up to 90% |
Compared to other prop firms, The Funded Trader rapid challenge program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two with a 5% maximum daily, 8% maximum loss, and lot size limit rules. You are also required to trade for a minimum of 5 days in each phase before becoming funded. Rapid challenge programs also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets and minimum trading day requirements.
Example of comparison between The Funded Trader & True Forex Funds
| Trading objectives | The Funded Trader | True Forex Funds |
|---|---|---|
| Phase 1 profit target | 8% | 8% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 5% | 5% |
| Maximum loss | 8% | 10% |
| Minimum trading days | No minimum trading days | 5 calendar days |
| Profit split | 80% up to 90% | 80% |
Example of comparison between The Funded Trader & FundedNext
| Trading objectives | The Funded Trader | FundedNext |
|---|---|---|
| Phase 1 profit target | 8% | 10% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 5% | 5% |
| Maximum loss | 8% | 10% |
| Minimum trading days | No minimum trading days | 5 calendar days |
| Profit split | 80% up to 90% | 80% up to 90% |
Example of comparison between The Funded Trader & Funded Trading Plus
| Trading objectives | The Funded Trader | Funded Trading Plus |
|---|---|---|
| Phase 1 profit target | 8% | 10% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 5% | 5% |
| Maximum loss | 8% | 10% |
| Minimum trading days | No minimum trading days | No minimum trading days |
| Profit split | 80% up to 90% | 80% up to 90% |
Compared to other prop firms, The Funded Trader royal challenge program is a two-phase evaluation program that requires traders to complete two phases before being 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. You are also required to trade for a minimum of 5 days in each phase before becoming funded. Rapid challenge programs also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets and minimum trading day requirements.
Example of comparison between The Funded Trader & FTMO
| Trading objectives | The Funded Trader | 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 calendar days | 10 calendar days |
| Profit split | 80% up to 90% | 80% up to 90% |
Example of comparison between The Funded Trader & E8 Funding
| Trading objectives | The Funded Trader | E8 Funding |
|---|---|---|
| Phase 1 profit target | 8% | 8% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 5% | 5% |
| Maximum loss | 10% | 8% (Scaleable up to 14%) |
| Minimum trading days | 5 calendar days | No minimum trading days |
| Profit split | 80% up to 90% | 80% |
Example of comparison between The Funded Trader & My Forex Funds
| Trading objectives | The Funded Trader | My Forex Funds |
|---|---|---|
| Phase 1 profit target | 8% | 8% |
| Phase 2 profit target | 5% | 5% |
| Maximum daily loss | 5% | 5% |
| Maximum loss | 10% | 12% |
| Minimum trading days | 5 calendar days | 5 calendar days |
| Profit split | 80% up to 90% | 75% up to 90% |
The Funded Trader’s last funding program is its one-step evaluation program, where traders are required to complete one phase before being eligible for payouts. The profit target for the evaluation phase is 10%, with a 3% maximum daily and 6% maximum trailing loss rules. Note that you have no minimum or maximum trading day requirements during the evaluation stage. The knight challenge accounts also have a scaling plan. Compared to other industry-leading prop firms, they have below-average drawdown rules and no time limitations.
In conclusion, The Funded Trader is different from other industry-leading prop firms by offering four different funding programs. In addition, they also offer traders relaxed trading rules. You can trade during news, hold trades overnight, and during the weekends.
Is getting The Funded Trader capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.
Receiving capital from the standard challenge program accounts is realistic mostly since they have average profit targets (10% in phase one and 5% in phase two) with relatively high maximum loss rules (6% maximum daily and 12% maximum loss).
Receiving capital from the rapid challenge program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 8% maximum loss).
Receiving capital from the royal challenge program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).
Receiving capital from the knight challenge program accounts is realistic mostly since they have an average profit target of 10% with average maximum loss rules (3% maximum daily and 6% maximum trailing loss).
After considering all of that, The Funded Trader is an excellent choice to get funded since you have four different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.
Payment proof
The Funded Trader was incorporated on the 12th of May, 2021. After getting funded, traders are eligible for bi-weekly payouts with no minimum profit targets.
You can see examples of payment proof in the two following youtube videos:
You can also find payment proof on their Discord channel, which you can find under the channel payout proof:
Which brokers does The Funded Trader use?
The Funded Trader uses Eightcap and Purple Trading Seychelles as their broker.
Eightcap is an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.
Purple Trading Seychelles aims to offer fair business conditions, and state-of-the-art technologies and become equal partners to their clients.
As for trading platforms, they allow you to trade on Meta Trader 4 and MetaTrader 5 if you choose Eightcap as your broker. However, if you opt to choose Purple Trading Seychelles, you can only trade with MetaTrader 4 trading platform.
Trading instruments
The Funded Trader allows you to trade forex pairs with 100:1 leverage (200:1 during evaluation), commodities with 40:1 leverage, indices with 20:1 leverage, and cryptocurrencies with 2:1 leverage.
| FOREX: | USDCHF | GBPUSD | EURUSD | EURJPY | USDCAD |
| AUDUSD | EURGBP | EURAUD | EURCHF | EURJPY | GBPCHF |
| CADJPY | GBPJPY | AUDNZD | AUDCAD | AUDCHF | AUDJPY |
| CHFJPY | EURNZD | EURCAD | CADCHF | NZDJPY | NZDUSD |
| GBPAUD | GBPCAD | GBPNZD | NZDCAD | NZDCHF | EURHUF |
| EURCZK | EURDKK | ERUHKD | EURNOK | EURPLN | EURSEK |
| EURTRY | EURZAR | GBPDKK | GBPNOK | GBPSEK | NOKSEK |
| USDCNH | USDCZK | USDDKK | USDHKD | USDHUF | USDILS |
| USDMXN | USDNOK | USDPLN | USDRUB | USDSEK | USDSGD |
| CADSGD | USDTRY | USDZAR | EURSGD |
| COMMODITIES: | XAUUSD | XAGUSD | XPTUSD | COPPER | NGAS |
| UKOil | USOil |
| INDICES: | US30 | SPX500 | DAX | US30 | UK100 |
| ESP35 | JPY225 | FRA40 | EUSTX50 | NAS100 |
| CRYPTO: | BTCUSD | XRPUSD | DASHUSD | EOSUSD | ETHUSD |
| IOTAUSD | LTCUSD | NEOUSD | OMGUSD | XMRUSD | BCHUSD |
| BNBUSD | BATUSD | ETCUSD | TRXUSD | XLMUSD | ZECUSD |
| DOGEUSD | SHBUSD1000 | ADAUSD | SOLUSD | DOTUSD | AVAUSD |
Trading fees
Trading commission:
| Assets | Fee terms |
|---|---|
| FOREX | 3 USD / LOT |
| COMMODITIES | 3 USD / LOT |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Spread:
In order to check the live spreads login to the trading account below:
| Platform | Server | Login number | Password | Download platform |
|---|---|---|---|---|
| MetaTrader 4 | EightcapLtd-Demo2 | 20180408 | SXhfhCnh | Click here |
Education & Support for traders
The Funded Trader does not provide any educational content on its website.
While The Funded Trader doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind.
To see the mentioned thread click here.
They provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives about their statistics.
Trader dashboard – Statistics page with open positions
Traders’ Comments about The Funded Trader
The Funded Trader has excellent feedback from reviews.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback, with an excellent score of 4.7/5 out of 5,940 reviews. They also have a reliable support team that will provide you with all the necessary information you require from them.
Their community states that they are a very understanding and responsive team willing to help their clients until they are satisfied.
Another comment about The Funded Trader was that they gathered the positive parts of different prop firms and combined them into one.
Social media statistics
The Funded Trader can also be found on social media.
They have a:
- Instagram account with 25,5k followers,
- Telegram account with 8,527 subscribers, and
- Youtube channel with 13,6k subscribers and 248 uploaded videos.
They also have a Discord channel with 42,641 members, where you can follow all of their announcements, ask for help in their support channel, or just chat with the community about trading strategies.
Support
The Funded Trader has a FAQ page where you might find the missing information.
The support team is available on their social media, or you can directly contact them on their email support@thefundedtraderprogram.com.
They also have active live chat support, where you can message them, and you will get a reply on your email.
You can also check out their Discord channel, which has different channels where the support team and the community will help if you require any support or face technical issues.
Conclusion
In conclusion, The Funded Trader is a legitimate proprietary trading firm that offers traders a chance to choose between four different funding programs: Standard, Rapid, Royal, and Knight.
Standard challenge programs are industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. The Funded Trader requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 6% maximum daily and 12% maximum loss rules to follow. With standard challenge programs, you can earn up to 90% profit splits while also being able to scale your accounts.
Rapid challenge programs, on the other hand, are also industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. The Funded Trader requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 8% maximum loss rules to follow. With rapid challenge programs, you can earn up to 90% profit splits while also being able to scale your accounts.
Royal challenge programs are also industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. The Funded Trader requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With royal challenge programs, you can earn up to 90% profit splits while also being able to scale your accounts.
And lastly, knight challenge accounts that are one-step evaluation programs require the completion of one phase before becoming funded and eligible to earn profit splits. The Funded Trader requires traders to reach a profit target of 10% before becoming funded. These are realistic trading objectives considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. With one-step evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.
I would recommend The Funded Trader to anyone who is looking for a prop firm with straightforward trading rules. They are a well-established prop firm that offers excellent conditions for a big pool of individuals with unique trading styles. After considering everything The Funded Trader has to offer, they are for sure one of the industry-leading prop firms.
This review about The Funded Trader was lastly updated on 24.05.2023 at 09:34 (CE(S)T).
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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 👍