The Funded Trader Program Review (10% discount code: W23X6QNV8I)
4.0

The Funded Trader Program Review (10% discount code: W23X6QNV8I)

The Funded Trader Program follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business.
Home » The Funded Trader Program Review (10% discount code: W23X6QNV8I)

The Funded Traders Program 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.

Pros
  • Maximum balance of standard accounts up to $600,000
  • 80% profit split for standard accounts
  • Leverage up to 200:1
  • 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)
Cons
  • No free trial (yet)
  • Customer support is reliable but relatively slow

The Funded Trader Program 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 Program?

The Funded Trader Program 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 Nash Markets and Purple Trading Seychelles as their brokers.

Their headquarters are located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

Video Review

Funding program options

The Funded Trader Program offers its traders four standard account sizes with a 2-Phase Evaluation process. You can choose from:

  • $50,000 account balance for $315
  • $100,000 account balance for $549
  • $200,000 account balance for $899
  • $400,000 account balance for $1,789

The Evaluation Process is structured by Phase 1 and Phase 2. The difference between them is that for Phase 1, the Profit Target is 10% with a 35 trading day period while, for Phase 2, the Profit target is 5% with a 60 trading day period. The minimum trading days for each phase is five, and during both phases, you are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with leverages ranging from 2:1 to 200:1.

The profit split is a high 80% up to 90%, with a maximum daily loss of 6% and a maximum overall loss of 12%. You can trade forex pairs, commodities, indices, and cryptocurrencies, making it great for many traders.

The Funded Trader Program also offers its traders three rapid account sizes with a 2-Phase Evaluation process. You can choose from:

  • $50,000 account balance for $299
  • $100,000 account balance for $499
  • $200,000 account balance for $899

The Evaluation Process is structured by Phase 1 and Phase 2. The difference between them is that for Phase 1, the Profit Target is 8% with a 35 trading day period while, for Phase 2, the Profit target is 5% with a 60 trading day period. The is no minimum trading days requirement, and during both phases, you are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with leverage of 1:100.

The profit split is a high 80% up to 90%, with a maximum daily loss of 5% and a maximum overall loss of 8%. You can trade forex pairs, commodities, indices, and cryptocurrencies, making it great for many traders.

Another feature that The Funded Trader Program offer is an account size scaling plan. Traders get their funded accounts reviewed every three months. By being profitable 2/3 months with an average return of 6% in the three months, or a 2% return monthly for three months, they become eligible for a 25% increase of their original account balance. These 25% balance increases are allowed for up to $1,500,000. You also become eligible for 90% profit splits once you qualify for the scaling plan.

You are allowed to trade on MetaTrader 4 while also being allowed to trade during news, and hold trades overnight and during the weekends.

What makes The Funded Trader Program different from other prop firms?

The Funded Trader Program is different from most industry-leading prop firms due to having relaxed trading rules with almost no restrictions. For example, you can trade during news, hold trades overnight, and during the weekends.

Compared to other prop firms, The Funded Trader Program offers up to 200:1 leverage and a relatively low-profit target of 10% in Phase 1 and 5% in Phase 2. Identical to FTMO, which also has an Evaluation Process made out of Phase 1 with a Profit Target of 10% and Phase 2 with a Profit Target of 5%. The Evaluation process phases have 5 minimum trading days, precisely like My Forex Funds who also have 5 minimum trading days for their Evaluation Process. In comparison, FTMO has 10 minimum trading days for each Phase.

Another difference from most prop firms is that you are eligible for your first payout 30 days after the first trade. Payouts after that are available bi-weekly, which means every 14 days with a high-profit split ranging from 80-90%.

The only prohibited strategies are hedging between accounts, copy-trading, use of any EA’s, unrealistic execution price in the demo environment due to a news event causing volatility in the market. Besides all of that, you cannot change your password on your accounts. By doing so, your account gets terminated.

In conclusion, getting funding from The Funded Trader Program can be acquired by many different strategies due to their relaxed trading rules with almost no restrictions. You should focus on fulfilling the profit target while not exceeding the maximum daily and total loss limits.-

Is getting The Funded Trader Program 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.

After considering all of that, The Funded Trader Program is a great choice to get funded with. This is since you need to pass an Evaluation Process made out of 2 Phases.

The rules for the Evaluation Process are realistic since the Profit Target in Phase 1 is 10% and in Phase 2 only 5% with a maximum daily loss limit of 6% and a maximum total loss limit of 12%. Weekend holding, overnight holding, and news trading are also allowed, which is excellent for Day Traders and Swing Traders looking for capital up to $1,500,000.

Payment proof

The Funded Trader Program 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. 

For example, the following two withdrawals are listed below:

Which brokers does The Funded Trader Program use?

The Funded Trader Program uses Nash Markets and Purple Trading Seychelles as their broker.

Nash Markets is an STP (straight-through processing) brokerage with a goal to provide their clients with efficient data regarding their results.

Purple Trading Seychelles aims to offer fair business conditions, 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.

Trading instruments

The Funded Trader Program 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:USDCHFGBPUSDEURUSDEURJPYUSDCAD
AUDUSDEURGBPEURAUDEURCHFEURJPYGBPCHF
CADJPYGBPJPYAUDNZDAUDCADAUDCHFAUDJPY
CHFJPYEURNZDEURCADCADCHFNZDJPYNZDUSD
GBPAUDGBPCADGBPNZDNZDCADNZDCHFEURHUF
EURCZKEURDKKERUHKDEURNOKEURPLNEURSEK
EURTRYEURZARGBPDKKGBPNOKGBPSEKNOKSEK
USDCNHUSDCZKUSDDKKUSDHKDUSDHUFUSDILS
USDMXNUSDNOKUSDPLNUSDRUBUSDSEKUSDSGD
CADSGDUSDTRYUSDZAREURSGD
COMMODITIES:XAUUSDXAGUSDXPTUSDCOPPERNGAS
UKOilUSOil
INDICES:US30SPX500DAXUS30UK100
ESP35JPY225FRA40EUSTX50NAS100
CRYPTO:BTCUSDXRPUSDDASHUSDEOSUSDETHUSD
IOTAUSDLTCUSDNEOUSDOMGUSDXMRUSDBCHUSD
BNBUSDBATUSDETCUSDTRXUSDXLMUSDZECUSD
DOGEUSDSHBUSD1000ADAUSDSOLUSDDOTUSDAVAUSD

Education & Support for traders

The Funded Trader Program does not provide any educational content on its website.

While The Funded Trader Program 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 Program

The Funded Trader Program 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 4.9/5 out of 1,500 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 Program was that they gathered the positive parts of different prop firms and combined them into one.

Social media statistics

The Funded Trader Program can also be found on social media.

They have a:

  • Instagram account with 13,9k followers,
  • Telegram account with 5,887 subscribers, and
  • Youtube channel with 5,24k subscribers and 77 uploaded videos.

They also have a Discord channel with 10,964 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 Program 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 Program is a legitimate prop firm offering funding upon completion of the Evaluation Process for traders worldwide. With funding from $50,000 up to $1,500,000 per trader or strategy in balance with a high 80-90% profit split, bi-weekly payments, and relaxed trading rules, it’s an excellent firm for undercapitalized traders seeking investors for their trading.

You should keep in mind that you are prohibited from using any of the following trading strategies: hedging between accounts, copy-trading, use of any EAs, unrealistic execution prices in the demo environment due to a news event causing volatility in the market. You are also not allowed to change your trading account password, or your account will get terminated.

I would recommend The Funded Trader Program to anyone who has been reaching consistent results while trading forex pairs, commodities, indices, or crypto. While they are still a relatively new firm, they offer excellent conditions for a big pool of different trading styles for individuals.

This review about The Funded Trader Program was lastly updated on 05.05.2022 at 10:48 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does The Funded Trader Program have the instruments that you want to trade?

Let us know if you enjoyed our The Funded Trader Program Proprietary Trading firm review!

Use the following code for a 10% discount: W23X6QNV8I

Account size up to:
400,000
Use code for 10% discount: W23X6QNV8I
*Choose your account size and make a payment
4.0
Fees
3.0
Trading platform
4.0
Deposit and withdrawal
5.0
Customer Support
4.0 Overall Rating

6 Replies to “The Funded Trader Program Review (10% discount code: W23X6QNV8I)”

  • Lily says:

    Why website looks like a minecraft game ? lol

  • Mila says:

    Thank you for discount code

  • Héctor says:

    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.

  • Dinda says:

    Very good

  • Nate says:

    Incredible prop firm, love the fact they added Eightcap as their broker options and that they have a $400k challenge!

  • Soni says:

    Great credible prop firm, thank you for the in depth review.

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