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 $400,000 and receive up to 90% 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, three two-step evaluations, a one-step evaluation, and a three-step evaluation, while being partnered with ThinkMarkets and Purple Trading Seychelles 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 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 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 hisInstagramandLinkedIn. 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:
- Standard Challenge
- Rapid Challenge
- Royal Challenge
- Knight Challenge
- Dragon Challenge
Standard Challenge
The Funded Trader Standard Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $400,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Standard Challenge is divided into two types: Regular and Swing. The Regular Standard Challenge allows you to trade with leverage up to 1:200 during both evaluation phases and up to 1:100 once funded. However, the Swing Standard Challenge allows you to trade with leverage up to 1:60 during both evaluation phases and up to 1:30 once funded. The only other difference is that the Swing Standard Challenge provides you with the opportunity to hold positions over the weekend, while the Regular Standard Challenge requires you to close all your open positions.
| Account Size | Price |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $939 |
| $300,000 | $1,469 |
| $400,000 | $1,879 |
Evaluation phase one requires a trader to reach a profit target of 10% 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 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 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 three 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 21 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 80% up to 90% based on the profit you make on your funded account.
Add-ons for The Funded Trader’s Standard Challenge
- Maximum Daily Loss 6%
- Maximum Loss 12%
- EA’s Enabled
Standard Challenge Scaling Plan
The Standard 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 increases to 90% after the trader scales their Standard Challenge for the first time.
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…
Standard 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 10%, 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%. (6% with Add-on)
- 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%. (12% with Add-on)
- Minimum 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 3 days.
- 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 Standard Challenge can hold trades during the weekend)
- No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities. (Expert Advisors allowed with Add-on)
Rapid Challenge
The Funded Trader Rapid 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 Rapid Challenge is divided into two types: Regular and Swing. The Regular Rapid Challenge allows you to trade with leverage up to 1:100. However, the Swing Rapid Challenge allows you to trade with leverage up to 1:30. The only other difference is that the Swing Rapid Challenge provides you with the opportunity to hold positions over the weekend, while the Regular Rapid Challenge requires you to close all your open positions.
| Account Size | Price |
|---|---|
| $5,000 | $79 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
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. 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 8% 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 funded status, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.
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 8% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Rapid Challenge Scaling Plan
The Rapid Challenge also has a scaling plan. If a trader reaches a profit of 10% or more within a single profit split period, then they become eligible for an account increase of 10% each time the withdrawal is greater than 10% of their initial account balance. The profit split increases to 90% after the trader scales their Rapid Challenge for the first time.
Example:
| Account Size | Generated Profit | Scaled Account Size |
|---|---|---|
| $100,000 | Over 10% | $110,000 |
| $110,000 | Over 10% | $120,000 |
| $120,000 | Over 10% | $130,000 |
| $130,000 | Over 10% | $140,000 |
Rapid 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%.
- 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 Rapid Challenge can hold trades during the weekend)
- No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities.
Royal Challenge
The Funded Trader Royal Challenge provides traders with the opportunity to manage account sizes ranging from $50,000 up to $400,000. 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 1:200 during both evaluation phases and up to 1:100 once funded.
| Account Size | Price |
|---|---|
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
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 80% up to 90%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 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 increases to 90% after the trader scales their Royal Challenge for the first time.
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 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 5 days.
- No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
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 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
- 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 increases to 90% and maximum daily loss increases to 4% (if not purchased as an add-on) after the trader scales their Knight Challenge for the first time.
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.
Dragon Challenge
The Funded Trader Dragon 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 three-step evaluation period. The Dragon Challenge is divided into two types: Regular and Swing. The Regular Dragon Challenge allows you to trade with leverage up to 1:100. However, the Swing Dragon Challenge allows you to trade with leverage up to 1:30. The only other difference is that the Swing Dragon Challenge provides you with the opportunity to hold positions over the weekend, while the Regular Dragon Challenge requires you to close all your open positions.
| Account Size | Price |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
| $200,000 | $495 |
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 7% and maximum drawdown up to 7%.
r maximum loss rule increases by +1% with each successful withdrawal you receive to a maximum of 14%.
Dragon Challenge Scaling Plan
The Dragon Challenge also has a 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)
What Makes The Funded Trader Different From Other Prop Firms?
The Funded Trader differs from mostindustry-leading prop firmsdue to offering five unique account types: three two-step evaluations, a one-step evaluation, 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.
The Funded Trader’sStandard Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 10% 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 3 calendar days in each evaluation phase. The Standard Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Standard Challenge stands out mainly for having an unlimited trading period, a daily drawdown and maximum drawdown add-on, and account sizes up to $400,000.
Example of comparison between The Funded Trader & Finotive Funding
| Trading Objectives | The Funded Trader (Standard) | Finotive Funding |
|---|---|---|
| Phase 1 Profit Target | 10% | 7.5% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5%(6% with Add-on) | 5% |
| Maximum Loss | 10%(12% with Add-on) | 10% |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 95% |
Example of comparison between The Funded Trader & E8 Funding
| Trading Objectives | The Funded Trader (Standard) | E8 Funding |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5%(6% with Add-on) | 5% |
| Maximum Loss | 10%(12% with Add-on) | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Example of comparison between The Funded Trader & Funding Pips
| Trading Objectives | The Funded Trader (Standard) | Funding Pips |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5%(6% with Add-on) | 5%(Scaleable up to 7%) |
| Maximum Loss | 10%(12% with Add-on) | 10%(Scaleable up to 14%) |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% |
The Funded Trader’sRapid 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 8% maximum loss rules. You also have no minimum or maximum trading day requirements during both evaluation phases. The Rapid Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Rapid Challenge stands out mainly for having an unlimited trading period, balance-based drawdown, and bi-weekly withdrawals.
Example of comparison between The Funded Trader & True Forex Funds
| Trading Objectives | The Funded Trader (Rapid) | True Forex Funds (Limitless) |
|---|---|---|
| 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 |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Example of comparison between The Funded Trader & FundedNext
| Trading Objectives | The Funded Trader (Rapid) | FundedNext (Stellar) |
|---|---|---|
| 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 |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| 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 (Rapid) | Funded Trading Plus (Advanced) |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 8% | 10% (Trailing) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 100% |
The Funded Trader’sRoyal 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 & 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 Calendar Days | 4 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% |
Example of comparison between The Funded Trader & Smart Prop Trader
| Trading Objectives | The Funded Trader (Royal) | Smart Prop Trader |
|---|---|---|
| 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 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 85% up to 90% |
Example of comparison between The Funded Trader & SurgeTrader
| Trading Objectives | The Funded Trader (Royal) | SurgeTrader |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 8% |
| 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 | 80% up to 90% | 80% up to 90% |
The Funded Trader’sKnight 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 & Finotive Funding
| Trading Objectives | The Funded Trader | Finotive Funding |
|---|---|---|
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 3% (4% with Add-on) | 4% |
| Maximum Loss | 6% (Trailing)(7% with Add-on) | 7.5% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% up to 90% | 75% 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 90% | 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 90% | 80% up to 92.75% |
The Funded Trader’sDragon 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 Funding
| Trading Objectives | The Funded Trader | E8 Funding |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Phase 3 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 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% | ❌ (3% Daily Pause Once Funded) |
| Maximum Loss | 10% | 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 Traderdiffers from otherindustry-leading prop firmsby offering five unique account types: three two-step evaluations, a one-step evaluation, 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 Standard Challenge is realistic primarily due to its average profit targets (10% 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 3 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.
- Receiving capital from the Rapid Challenge is realistic primarily due to its relatively modest profit targets (8% in phase one and 5% in phase two) coupled with slightly below-average maximum loss rules (5% maximum daily and 8% 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 both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.
- 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 80% up to 90%.
- 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 90%.
- 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 Traderis highly recommended since you have five unique funding programs to choose from, three two-step evaluations, a one-step evaluation, 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 Standard, Rapid, or Royal Challenge, you will be eligible to receive your first payout after 21 calendar days with the Standard Challenge, after 14 calendar days with the Rapid Challenge, and after 30 calendar days with the Royal Challenge. (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 80% up to 90% based on the profit that you have generated on your funded account.
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%.
When it comes to The Funded Trader payment proof, you can find it on numerous websites. One example isTrustpilot, 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 ThinkMarkets and Purple Trading Seychelles as their broker.
ThinkMarketsis a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform.
Purple Trading Seychellesaspires to be more than just a broker. Their objective is to provide favorable trading conditions and cutting-edge technologies and, most importantly, to establish a relationship where you view them as your equal partner. They firmly believe that this approach is the key to realizing success in the dynamic landscape of financial markets. Learn more aboutPurple Trading Seychellesby reading our in-depthReview.
As for trading platforms, while you are working with The Funded Trader, they allow you to trade on MetaTrader 4 or MetaTrader 5 if you choose ThinkMarkets, and on MetaTrader 4 or MetaTrader 5 if you choose Purple Trading Seychelles.
Trading Instruments
As mentioned above, The Funded Trader is partnered with ThinkMarkets, and Purple Trading Seychelles, 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.
ThinkMarkets 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 |
ThinkMarkets Commodities
| XAU/USD | XAG/USD | WTI | BRENT |
ThinkMarkets Indices
| AUS200 | ESTX50 | FRA40 | GER40 | JPN225 |
| NAS100 | SPX500 | UK100 | US30 |
ThinkMarkets Cryptocurrencies
| BTC/USD | BCH/USD | ETH/USD | LTC/USD |
Purple Trading Seychelles 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 |
Purple Trading Seychelles Commodities
| XAG/USD | XAU/USD | BRENT | CL |
Purple Trading Seychelles Indices
| ASX | DAX | DOW | FTSE | NIKKEI |
| NSDQ | SP | STOXX50 |
Purple Trading Seychelles Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Trading Fees
Trading Commission
| Trading Instrument | Commission Fee |
|---|---|
| FOREX | 7 USD / LOT |
| COMMODITIES | 3 USD / LOT (ThinkMarkets 7 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 4 | ThinkMarkets-Demo 2 | 81000007 | lIr4HdB | Click here |
| MetaTrader 5 | ThinkMarkets-Demo 2 | 100000667 | ckvu0jkc | Click here |
| MetaTrader 4 | PurpleTradingSC-03Demo | 30000027 | jFfWs$L5L* | Click here |
| MetaTrader 5 | PurpleTradingSC-01MT5 | 6000010 | 1iQdS@Zy | 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 excellent score onTrustpilotbased on their community’s feedback.
OnTrustpilot,The Funded Traderhas a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.4 out of 5 from a substantial pool of 17,190 reviews. Notably, 81% of these reviews have awardedThe Funded Traderthe 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.
| 14,000 Followers & 11,000 Likes | |
| 116,000 Followers | |
| Telegram | 22,799 Members |
| Discord | 97,732 Members |
| YouTube | 84,000 Subscribers |
| 82,600 Followers | |
| 4,400 Members | |
| TikTok | 30,200 Followers & 250,500 Likes |
Customer Support
| Live Chat | ✅ |
| [emailprotected] | |
| 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.
- Receive Login Credentials – Log into your trading dashboard, where you can access your login credentials for your newly purchased trading account.
Conclusion
In conclusion, The Funded Traderis a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the Standard, Rapid, and Royal Challenges, which are a two-step evaluation, the Knight Challenge, which is a one-step evaluation, and the Dragon Challenge, which is a three-step evaluation.
The Funded Trader’s Standard 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 80% up to 90% profit splits. Traders must reach profit targets of 10% 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 3 calendar days in each evaluation phase. Finally, it’s essential to note that the Standard Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Funded Trader’s Rapid 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 80% up to 90% 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 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Rapid 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 80% up to 90% 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 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 90% 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 recommendThe Funded Traderto 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, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge. After considering everythingThe Funded Traderhas to offer to traders all across the globe, they can undoubtedly be regarded as one of theindustry-leading prop firms.
Our detailed review of The Funded Trader was last updated on 16.02.2024 at 09:56 (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?
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