The Funded Trader Review 2025
Located in Liberty Hill, Texas, The Funded Trader is a proprietary trading firm established in 2021 by The Funded Trader LLC. Despite being new, it’s making waves due to its refundable low access fees and more lenient trading rules compared to other firms, The Funded Trader also stepping out of its competitors by its gamify approaches and designs.
The team at The Funded Trader is driven by an unshakable mission. To empower traders to become capitalized professionals. Recognizing the significant barriers that traders often face in their journey, primarily access to capital, The Funded Trader offers a range of funding options that enable traders to choose the challenge that is best for them. They understand that trading is not just about transactions but a business that requires support, mindset, technology, and efficient risk management. The Funded Trader operates with the utmost transparency, accountability, and excellence, creating an environment that encourages its traders to take pride in their work and establish a professional track record.
The Funded Trader believe in the power of collaborative trading and know that sharing ideas can lead to greater success for everyone. From beginners to experts, every member can learn from one another in this supportive ecosystem.
The Funded Trader’s ethos and core principles serve as the guiding compass for all their actions. These principles are:
- Trust: The Funded Trader is anchored in transparency and integrity, essential for building trust within their community. They foster a culture of honesty and accountability.
- Community: Committed to growing the largest, most supportive community of traders, The Funded Trader values their community as a hub for growth, connection, and success.
- Excellence: They pursue simplicity and excellence in all they do, holding each team member to the highest standards and continuously seeking ways to improve their services.
- Giving Back: The Funded Trader is committed to giving back to their community and team. They do so through various initiatives, including giveaways, promotions, and unique experiences.
- Growth: They believe in continuous learning and expansion, inspiring community members to develop the habits, mindset, and resilience to confidently pursue their goals.
Traders from anywhere can take an evaluation from the firm. If they showcase good trading skills and risk management, they can become a funded trader. This means they trade using the firm’s money and get to keep a large part of the profits, starting at 80% but potentially increasing to 90% with the scaling plan.
The Funded Trader Challenges Overview
The Trader Funded offer no time limits on all their evaluation models, you will have to go through 3 phases to become a TFT funded trader.
In Phase 1, you will execute simulated trades within a demo environment that looks to simulate the real market via latency and static slippage associated with the size of your order.
Once you successfully compete all of the simulated trading objectives and prove your skills, you will receive your phase 2 account within 24 hours and continue your path to getting funded.
In Phase 2, the validation phase where you will again prove your skills. You must achieve a virtual profit target while following the rules. In Phase 2, you will again execute simulated trades within a demo environment that looks to simulate the real market via latency and static slippage associated with the size of your order.
Once you successfully complete all the simulated trading objectives and prove your skills, your results will be verified, and you will move forward to becoming a Funded trader.
In Phase 3, you must continue to display sound risk management as well as consistency and you will receive up to a 95% virtual profit split.
Your simulated performance will be evaluated every 3 months and if eligible you can scale up to $1.500.000 in virtual account balance.
Please note that when trading on a Funded account, the real market is simulated as closely as possible by using real order book quotes aggregated from various liquidity providers. During times of high volatility, this will result in increased slippage. Due to the nature of simulating the real market as closely as possible, strategies that are successful in the Challenge and Verification phases may not necessarily be profitable in the funded phase.
Here a TFT price comparison chart:
Standard Challenge:
A two-phased evaluation with Regular & Swing account types with an equity & balance based drawdown and where you can qualify for a payout just 21 days after receiving the TFT Funded Account.
Unlimited Simulated Trading Days:
- The original TFT challenge offers exclusive opportunity of unlimited simulated trading days.
- You can start off at $400K which is the largest challenge in the industry.
Additional Drawdown Add-on:
- Take advantage of additional drawdown by purchasing and add-on that will enable 6% daily and 12% virtual max loss, the largest drawdown in the industry.
EAs and Trade Copiers Add-on:
- Opting for this add-on will allow you to use EAs and Trade Copiers at your convenience, so you can enjoy seamless simulated trading experience while utilizing your favorite tools.
Rapid Challenge:
A two-phased evaluation with Regular and Swing account types with a balance based drawdown and where you can qualify for a payout just 14 days after receiving the TFT Funded Account or within 7 days if purchased with the weekly payout add-on.
14 days to first payout:
- Achieve your first payout in as little as two weeks.
- You will receive the payout within 24 hours of making the request.
Balanced based drawdown:
- Hold your simulated trades from day to day to compound your winnings.
- Balance-based drawdown gives you the freedom to build your simulated positions.
No minimum simulated:
- If you pass the challenge in 1 day you can move on phase 2 right away.
- There is no need to wait on this challenge.
Royal Challenge:
A two-phased evaluation with the least restrictions and where you can qualify for a payout just 30 days after receiving the TFT Funded Account or within 14 days if purchased with the 14 day withdrawal add on.
No limits and EAs allowed:
- The Funded Trader do not aim to limit you in this challenge type.
- Use the EAs you’d like and do not worry about breaking any lot size limits.
Best drawdown target ratio:
- The max drawdown being 10% and virtual profit target of phase1 being 8% makes this one of the most affordable challenges on the market.
Simulated news trading allowed:
- Never worry about a violation on this challenge.
- You can trade freely and without any simulated news trading rules.
Knight Challenge:
A single-phase evaluation where you can qualify for a payout just 7 days after receiving the TFT Funded Account, offering one of the fastest payout opportunities in the industry.
1 Phase Challenge:
- The Funded Trader aim to provide the best challenges, you only need to pass 1 phase and become funded.
- This is the best priced 1step challenge in the industry.
7 Days to first payout:
- You can reach a payout in as little as 10 days with this challenge.
- If speed is important to you then this is the challenge for you.
No limits and Expert Advisors (EAs) allowed:
- The Funded Trader do not aim to limit you in this challenge type.
- Use the EAs you’d like and do not worry about breaking any lot size limits.
Dragon Challenge:
A three-phased evaluation with Regular & Swing account types with a balance based drawdown and where you can qualify for a payout just 7 days after receiving the TFT Funded Account.
Funded speed:
- Each Phase has 0 minimum trading days with no delays once you pass each.
- Upon reaching TFT Funded Account you will be able to request your first payout in 7 days.
Trader friendly pricing:
- The Funded Trader have structured this challenge in a way where you can obtain $5K-$200K accounts for the pricing unlike any other program.
Dragon Egg Program:
- This is a VIP program for the Dragon Challenge which creates the opportunity to scaled daily drawdown to 7%, max drawdown to 12%, payout to 95%, earn $100K and $200K free challenges and mores.
Please note: All Phase 1,2&3, as well as TFT Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions.
TFT Challenges Rules:
The Funded Trader offer four programs: Standard Challenge, Rapid Challenge, Royal Challenge, and Knight Challenge. Traders can access up to $600,000 of capital, which can grow to $1.5 million through their scaling program.
The Funded Trader has several key points and rules for funded accounts:
- Evaluation Process: Traders undergo a two-phase evaluation process to qualify for a funded account. This typically involves meeting specific profit targets and demonstrating consistent trading strategies.
- Profit Targets: Traders are required to achieve predetermined profit targets during each phase of the evaluation process. These targets may vary depending on the account size and challenge type.
- Risk Management: Traders must adhere to strict risk management practices, including maintaining maximum daily and overall loss limits. This helps protect both the trader’s capital and the firm’s investment.
- Leverage: The Funded Trader offers leverage to traders, with different leverage levels available depending on the challenge type and account size. It’s essential for traders to understand and manage leverage effectively to avoid excessive risk.
- Profit Sharing: Successful traders receive a portion of the profits generated from their trading activities, with profit share percentages ranging up to 90%. This incentivizes traders to perform well and aligns their interests with the firm.
- Trading Restrictions: Traders are prohibited from engaging in certain trading activities, such as hedging across multiple accounts or copy trading. Violating these rules can result in the termination of the trader’s account.
- Performance Evaluation: Traders’ performance is evaluated regularly, typically every three months. Consistency and stability in trading performance are essential for maintaining and scaling funded accounts.
- Scaling Plan: Traders who demonstrate consistent profitability and meet specific criteria may be eligible for a scaling plan, allowing them to increase their account size and profit potential.
Overall, traders at The Funded Trader must adhere to these key points and rules to maintain their funded accounts and continue trading successfully within the firm’s framework.
Here all challenges breakdown and rules:
| Challenge | Phase | Account Size for Phase 1 | Account Size for Phase 2 (Verification) | Account Size for Phase 3 | Profit Target | Trading Period | Minimum Trading Days | Leverage | Profit Share | Maximum Daily Loss | Maximum Overall Loss | Drawdown Type |
| Standard | Phase 1 | $50,000 | $100,000 | $200,000 | 10% | 35 days | 5 days | 2:1 to 200:1 | 80% – 90% | 6% | 12% | Daily |
| Phase 2 (Verification) | $100,000 | $200,000 | $400,000 | 5% | 60 days | 5 days | 2:1 to 200:1 | 80% – 90% | 6% | 12% | Daily | |
| Phase 3 | $200,000 | $400,000 | $800,000 | Variable | Variable | Variable | Variable | Variable | Variable | Variable | Variable | |
| Rapid | Phase 1 | $50,000 | $100,000 | $200,000 | 8% | 35 days | No minimum | 1:100 | 80% – 90% | 5% | 8% | Daily |
| Phase 2 (Verification) | $100,000 | $200,000 | $400,000 | 5% | 60 days | No minimum | 1:100 | 80% – 90% | 5% | 8% | Daily | |
| Phase 3 | $200,000 | $400,000 | $800,000 | Variable | Variable | Variable | Variable | Variable | Variable | Variable | Variable | |
| Royal | Phase 1 | $50,000 | $100,000 | $200,000 | 12% | 30 days | 5 days | 1:100 | 80% – 90% | 5% | 10% | Daily |
| Phase 2 (Verification) | $100,000 | $200,000 | $400,000 | 6% | 60 days | 5 days | 1:100 | 80% – 90% | 5% | 10% | Daily | |
| Phase 3 | $200,000 | $400,000 | $800,000 | Variable | Variable | Variable | Variable | Variable | Variable | Variable | Variable | |
| Knight | Phase 1 | $50,000 | $100,000 | $200,000 | 15% | 25 days | No minimum | 1:50 | 80% – 90% | 4% | 8% | Daily |
| Phase 2 (Verification) | $100,000 | $200,000 | $400,000 | 7.5% | 50 days | No minimum | 1:50 | 80% – 90% | 4% | 8% | Daily | |
| Phase 3 | $200,000 | $400,000 | $800,000 | Variable | Variable | Variable | Variable | Variable | Variable | Variable | Variable | |
| Dragon | Phase 1 | $50,000 | $100,000 | $200,000 | 20% | 20 days | No minimum | 1:30 | 80% – 90% | 3% | 6% | Daily |
| Phase 2 (Verification) | $100,000 | $200,000 | $400,000 | 10% | 40 days | No minimum | 1:30 | 80% – 90% | 3% | 6% | Daily | |
| Phase 3 | $200,000 | $400,000 | $800,000 | Variable | Variable | Variable | Variable | Variable | Variable | Variable | Variable |
Note: The account sizes provided are examples and may vary depending on the specific requirements and offerings of The Funded Trader. Please refer to the official documentation for accurate and up-to-date information.
For all three phases of the Dragons Challenge, both phases of the Standard, Rapid, & Royal Challenge, and the single-phase Knights Challenge, the evaluation period will begin as soon as you place your first simulated trade; this includes simulated pending orders placed, even if they have not been executed yet.
TFT Free Trial Account
TFT Free Trial accounts are an introduction to our distinctive two-phase challenge structure and are designed to offer an understanding of what to expect when embarking on FTF challenges.
These free trial accounts showcases TFT commitment to highlighting the tools and experiences the firm offer. Successfully navigating the Free Trial repeatedly suggests a potential to excel in the TFT Challenge.
Key Highlights of Free Trials:
- A single customer is eligible for one Free Trial account at a time, and a maximum of two Free Trial accounts may be provided in any given month. In the event of a breach of the first trial account, you have the option to request the second trial account immediately.
- There are no restrictions on lot sizes.
- Both EAs and trade copiers are permitted on Free Trial accounts.
- Available on Trading Platform 5 only.
- The account size will be 100K in simulated funds.
- For a list of permissible instruments, please refer to the associated article.
Objectives:
| Simulated Profit Target | 8% |
| Simulated Max Daily Drawdown | 5% Daily Drawdown (Daily floating loss + closed loss) |
| Simulated Max Initial Deposit Drawdown | 10% |
| Minimum Simulated Trading Days | 5 |
| Maximum Simulated Trading Days | 14 |
100k Free Trial Account Example:
- In the case of a $100k Free Trial account, you must not have more than a $5,000 simulated drawdown based on your simulated balance or equity (whichever is higher) on your trading account within a 24-hour period starting at 5pm EST.
Kindly be aware that passing a Free Trial account does not grant automatic access to a challenge or funded account. There is no reward offered for passing a Free Trial account.
Drawdown
The Funded Trader is pretty trader-friendly when it comes to max drawdowns and profit targets. The 8% profit target offered in the Rapid and Royal accounts is below that of most other prop firms, and that drops to just 5% for phase 2 of your challenge. Above a drawdown breakdown for each challenge type:
| Challenge Type | Virtual Daily Loss | Virtual Max Overall Loss |
| Standard Challenge | 5% (6% with Add-On) based on demo equity/balance | 10% (12% with Add-On) based on initial demo account balance |
| Rapid Challenge | 5% (based on balance) | 8% (based on initial demo account balance) |
| Royal Challenge | 5% based on demo equity/balance | 10% (based on initial demo account balance) |
| Knight Challenge | 3% based on demo equity/balance (4% with Add-On) | 6% (based on relative Virtual Drawdown) (7% with Add-On) (learn about relative Virtual Drawdown) |
| Dragon Challenge | 5% (based on balance) | 10% (based on initial demo account balance) |
Expert Advisors (EAs) and Simulated Account Usage
The Funded Trader maintain trade diversity and mitigate risk by strictly prohibiting the usage of Expert Advisors (EAs) on certain demo accounts. Therefore, we have certain rules related to the use of EAs across each of our demo account types. Violation of the EAs rules outlined in this article will result in the failure of these challenges and the closure of all demo accounts.
Standard Challenge: Use of EAs Rules
The following rules regarding the use of EAs are applicable to both regular and swing demo accounts for the Standard Challenge:
- EAs are only permitted to be used on both regular and swing demo accounts with the Standard Challenge if you purchased the EAs add-on for the demo account.
- The Standard Challenge comes with the ability to purchase an EAs add-on that permits you to use EAs with the demo account. If you do not purchase a Standard Challenge demo account with the EAs add-on, then you are not permitted to use EAs on the demo account(s) you purchased this add-on with HFT (High-frequency trading) EAs are not allowed.
Rapid Challenge: Use of EAs Rules
The following rules regarding the use of EAs are applicable to demo accounts for the Rapid Challenge:
- EAs are not permittedon both the regular and swing demo accounts for the Rapid Challenge
Royal Challenge: Use of EAs Rules
The following rules regarding the use of EAs are applicable to demo accounts for the Royal Challenge:
- EAs are permitted on Royal Challenge demo accounts. Once a Royal Account is no longer active, please disable the EAs in order to prevent spamming our servers. Failure to disable your EAs once the demo account is no longer active will result in the changing of the password for the demo account, preventing future access, HFT (High-frequency trading) EAs are not allowed.
Dragons Challenge: Use of EAs Rules
The following rules regarding the use of EAs are applicable to demo accounts for the Dragons Challenge:
- EAs are permitted on Dragons Challenge demo accounts. Once a Dragons Account is no longer active, please disable the EAs in order to prevent spamming our servers. Failure to disable your EAs once the demo account is no longer active will result in the changing of the password for the demo account, preventing future access, HFT (High-frequency trading) EAs are not allowed.
Knight Challenge: Use of EAs Rules
The following rules regarding the use of EAs are applicable to demo accounts for the Knight Challenge:
- EAs are permittedon Knight Challenge accounts. Once a Knight Account is no longer active, please disable the EAs in order to prevent spamming our servers. Failure to disable your EAs once the demo account is no longer active will result in the changing of the password for the demo account, preventing future access, HFT (High-frequency trading) EAs are not allowed.
Precaution Regarding the Use of EAs
It’s important to note that the use of EAs on Dragons Challenge accounts, Royal Challenge accounts, Knight Challenge accounts, and Standard Challenge accounts that were purchased with the EAs add-on must still follow all other guidelines in accordance with TFT’s Terms of Service. This includes, but is not limited to:
- Prohibited Trading Strategies
- Copy Trading from Third-Party Signals
- Demo Account Management Services
- Arbitrage Trading (Latency or Reverse)
- Grid Trading
Please advise caution when using third-party or publicly available EAs. The parameters of the EA you are using must be unique to your demo account as our internal systems may flag the account for copy simulated trading, which is a direct violation of The Funded Trader terms and conditions. In such cases, an investigation will be launched, which may result in the breach of the demo account.
Any violations of The Funded Trader Terms of Use or prohibited simulated trading strategies found may result in the breach of the demo account, rejection of simulated profits, and being banned from The Funded Trader services.
Permitted Use of Trade Copying
At The Funded Trader, it is crucial to have a clear understanding of the guidelines and restrictions surrounding the use of trade copiers to ensure compliance with simulated account rules.
Traders have the ability to utilize their simulated The Funded Trader account as the primary source of trades (master account), allowing them to seamlessly replicate their trades into their personal account or other prop firm trading accounts, so long as the necessary expert advisors (EA’s) have been enabled.
Minimum Trading Days & Times
Upon successful completion of the challenge phases, your simulated funded account will be immediately issued in a disabled state. At this point, all participants must undergo the KYC (Know Your Costumer) procedure and the contract formalities. After signing and submitting the contract, your account will be enabled to trade within 24 hours (excluding weekends).
| Challenge Type | Minimum Trading Days | Phase 1 to Phase 2 Transition Time | Phase 2 to Phase 3 Transition Time | Phase 3 to Funded Account Time |
| Standard Challenge | 3 | 12 hours | N/A | N/A |
| Rapid Challenge | 0 | 6 hours | N/A | N/A |
| Royal Challenge | 5 | 12 hours | N/A | N/A |
| Knight Challenge | 0 | N/A | N/A | N/A |
| Dragon Challenge | 0 | 6 hours | 6 hours | N/A |
Simulated Crypto Trading & Weekend Trading
ThinkMarkets
- Simulated Crypto trading is permitted throughout the week however, it is closed every Saturday between 5am and 9am EST which is the broker’s maintenance window. They also have an hour break on Friday after market close between 5pm and 6pm EST.
Note: All active ThinkMarkets & Eightcap accounts will be transitioned to DXTrade, 5PM EST. These customers should close their trades by 4 PM EST. Failure to do so will result in trades being automatically closed or liquidated to facilitate a seamless transition to DXTrade.
Purple Trading
- Simulated crypto trading is only allowed on:
- Standard Challenge
- Rapid Challenge
- Royal Challenge
- Dragons Challenge
- Simulated crypto trading is not allowed in the following scenarios:
- Funded accounts
- During the weekend
- Knights Challenge
The Funded Trader does not allow holding simulated trades over weekends for the following account types (Challenge & Funded):
- Standard Challenge – Regular Account
- Rapid Challenge – Regular Account
- Dragons Challenge – Regular Account
Note:Holding simulated trades over the weekend refers to retaining them from Friday to Saturday. While these trades might be restricted, customers can still execute trades on cryptocurrency during the weekend in selected simulated markets.
Important point:
- Traders are fully responsible to ensure their open simulated trades are closed each week on Friday by 4:00 pm EST. The Funded Trader encourage traders to manually close their simulated trades.
- The Funded Trader system is designed to liquidate all open simulated trades on all regular accounts each Friday at 4:00 pm EST, send an email notification informing The Funded Trader clients, and turn demo accounts on read-only until just before market-open the following week. However, it is possible for minor time delays in this process that can result in some simulated trades not closing prior to the 4:00 pm EST cutoff time, thus resulting in a breached account.
- The Funded Trader is not responsible for breached accounts where traders do not ensure their simulated trades are closed on Fridays by 4:00 pm EST on regular accounts.
- To avoid a possible breach of your account for not complying with this rule, The Funded Trader encourage all traders to manually close their simulated trades on each Friday by 4:00 pm EST.
Account Permissions: Holding Trades Over the Weekend & Overnight:
| Challenge Type | Allowed to Trade Over Weekend | Allowed to Hold Trades Overnight (Mon-Fri) |
| Dragons Challenge | Swing Account | Regular & Swing |
| Standard Challenge | Swing Account | Regular & Swing |
| Rapid Challenge | Swing Account | Regular & Swing |
| Royal Challenge | Yes | Yes |
| Knight’s Challenge | Yes | Yes |
Holding Forex / Crypto / Metals / Indices over the weekend
Please be aware, however, of the risks associated with market gaps when trading pairs that do not stay open with weekend trading hours like Forex pairs, Indices, and Commodities.
As a risk manager, it is your job to determine the risks and rewards of holding a simulated position over the weekend and The Funded Trader do not want to limit a trader’s strategy. If a gap occurs and causes a violation, that is the trader’s responsibility.
Holding Shares
The Funded Trader do not allow the trading of shares and therefore the prop firm do not support trading shares over the weekend or overnight.
Drawdown Reset Time
The simulated max daily drawdown resets every day between 4:57 PM – 5:03 PM EST. To ensure smooth functionality, The Funded Trader advise their simulated traders to not execute trades in between the window of 4:57 PM – 5:03 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached.
Payout System
The default payout ratio for all Funded Trader Accounts is set to 80% with the opportunity to become eligible for The Funded Trader Scaling Plan. If you meet the terms depending on the account type The Funded Trader will increase your virtual balance by up to 25%. You will also be updated to 90% simulated virtual profit splits!
You can also qualify for our King’s Program, where you receive instant payouts and anytime withdrawals. As the prop firm Funded Trader you will be able to request payouts through the Trade Hub.
The payout can be requested through The Funded Trader payout options, which include crypto and transfer.
Regular Payout Process:
| Account Type | Payout Processing Time |
| Standard, Royal, Knight, Rapid & Dragon | 3 to 5 Business Days from Request Date (subject to operational and/or investigation delays) |
| King’s Program | 2 Business Days from Request Date (subject to operational and/or investigation delays) |
The First Payout Process:
Crypto Payment Gateway
Please note that The Funded Trader crypto payment gateway accepts payments via the Ethereum network (ERC-20) for the cryptocurrencies (USDT, USDC, ETH & DAI) and via the BTC network for BTC payments.
If payments are sent via the wrong network (BSC for example), all funds will be lost and there is nothing Migpayments or The Funded Trader can do to recover them. Please also ensure you only using the Ethereum Main Network and not the Ethereum Layer 2 network.
Scalping on TFT Challenge and Simulated Funded Accounts
- At The Funded Trader (TFT), scalping is permitted on all TFT Challenge and Simulated Funded Accounts. Nevertheless, The Funded Trader advise against trading during significant macroeconomic news events.
- It is important to note that scalping within 2 minutes before or after news events is strictly prohibited and will be considered a violation, applicable only to TFT Regular Standard, Regular Rapid, Regular Dragon and Knight Simulated Funded Accounts.
Trading News
The Funded Trader allow simulated news trading for both Phase I and Phase II of the following challenges:
- Standard Challenge
- Rapid Challenge
- Royal Challenge
- Dragon Challenge
- Phase 1 of our Knight Challenge
Simulated Funded Account Restrictions
Once you are trading a simulated Funded Account (Regular Standard, Regular Rapid, Regular Dragon or Knight Account), The Funded Trader have news restrictions for 2 minutes before and after the release of a red folder event, this includes the opening/closing of market orders, and any take profit or stop losses that are triggered within this 4-minute window.
This rule applies to all instruments available on The Funded Trader simulated platform.
The news restriction rule does not apply if you are trading a Swing Account Type or a Royal Account. More details above:
| Account Type | News Trading during Phases | Simulated Funded Account News Trading |
| Regular Standard Challenge | Yes (Phase I & II) | No |
| Swing Standard Challenge | Yes (Phase I & II) | Yes |
| Regular Rapid Challenge | Yes (Phase I & II) | No |
| Swing Rapid Challenge | Yes (Phase I & II) | Yes |
| Royal Challenge | Yes (Phase I & II) | Yes |
| Knight Challenge | Yes (Phase I Only) | No |
| Regular Dragon Challenge | Yes (Phase I, II & III) | No |
| Swing Dragon Challenge | Yes (Phase I, II & III) | Yes |
The violation process is as follows:
You will be issued a maximum of 2 warnings (soft breaches),both of which will result in the deduction of any simulated profits made from trades executed within the restricted 4-minute window. On the third violation, the simulated account will be breached entirely. Again, please note that this rule does not apply to The Funded Trader Swing or Royal Accounts.
Simulated Profit deductions are processed on the following business day of the violation. In the event any deductions result in the breach of the daily or maximum loss limit, the trader is responsible for the violation.
Trading Instruments and Platform
The Funded Trader allow simulated trading of the instruments available on your trading platform. This typically includes forex, commodities, indices, and crypto (BTC, BCH, ETH, & LTC).
Trading Platform:
- The Funded Trader provides access to popular trading platforms such MatchTrader, DXTrade, CTRADER and MetaTrader 5 (MT5)…. These platforms offer advanced charting tools, technical indicators, and customizable trading strategies to cater to traders’ needs.
Forex:
- The platform allows trades in major forex currency pairs such as EURUSD, GBPUSD, and USDCHF, as well as several others including AUDNZD, GBPCAD, and USDMXN, to name a few.
Commodities:
- Key commodities accessible for trading encompass gold (XAUUSD), silver (XAGUSD), platinum (XPTUSD), as well as Brent (UKOil) and WTI oil (USOil), among others.
Indices:
- Traders can engage with prominent indices, which include the likes of US30, SPX500, DAX, UK100, and NAS100.
Cryptocurrencies:
- In the digital currency space, traders can capitalize on popular cryptos like Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), and Ripple (XRPUSD), along with a range of others such as NEO, EOS, and ADA.
- Funding Opportunities: The Funded Trader provides traders with the opportunity to access funding of up to $1,500,000, enabling them to trade larger positions and potentially increase their profits.
- Profit Sharing: Successful traders at The Funded Trader can earn a significant portion of the profits generated from their trading activities, with profit share percentages of up to 90%. This provides traders with a strong incentive to perform well and aligns their interests with the firm.
- Risk Management: The Funded Trader emphasizes strict risk management practices, including maximum daily and overall loss limits. This helps protect both the trader's capital and the firm's investment, reducing the risk of substantial losses.
- Multiple Challenge Options: Traders have the flexibility to choose from various challenge options, such as standard, rapid, royal, knight, and dragon challenges, each with different profit targets, trading periods, and evaluation criteria.
- Educational Resources: The Funded Trader offers educational resources and materials to support traders in their learning journey. These resources may include trading guides, video tutorials, webinars, and live trading sessions conducted by experienced traders.
- Evaluation Process: Traders must undergo a two-phase evaluation process to qualify for a funded account, which can be time-consuming and may require traders to meet specific profit targets and performance criteria.
- Trading Restrictions: Traders at The Funded Trader are subject to certain trading restrictions, such as prohibitions on hedging across multiple accounts or copy trading. Violating these rules can result in the termination of the trader's account.
- Limited Leverage: While The Funded Trader offers leverage to traders, the leverage levels may be lower compared to other trading firms, which could limit traders' ability to take on larger positions and potentially increase their profits.
- Performance Evaluation: Traders' performance at The Funded Trader is evaluated regularly, typically every three months. Traders must demonstrate consistency and stability in their trading performance to maintain their funded accounts and continue trading within the firm.
- Customer Support: Some traders may experience issues with customer support responsiveness or quality, particularly during peak trading hours or in the event of technical difficulties.
Conclusion
The benefits of The Funded Trader include attractive profit splits, a growth-oriented Scaling Plan, diverse challenge options, access to multiple assets, and a vibrant Discord community. The Funded Trader stands out as a leading trading platform, providing favorable terms and seamless access to funding for traders of all backgrounds and experiences.
Despite some drawbacks, its positive reputation and commitment to trader success position it as a top choice in the prop trading landscape.However, traders should be aware of the evaluation process, trading restrictions, and performance evaluation criteria before participating in the program.
