The Funded Trader Review for 2024
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Last Updated: May 2, 2023
The Funded Trader Review
Cost:
$249-$1898
Discount Code 5% Off:
TFTSALE
Instruments:
Forex, commodities, indexes, crypto
Leverage:
1:200
Days to Funding:
0 and 5 x 2 day programs
Software:
MT4, MT5
Highlights:
Large Drawdown allowed, excellent value, communitiy
The Funded Trader Highlights
Fast growing trader funding company that is keeping us busy keeping up with their constant improvements and features. The Funded Trader program's highlights include, but is not limited to the following highlights:
- Funded accounts scalable up to $1.5M
- Multiple paths to funding - 5 day 2 step evaluations and zero day 2 step evaluations
- High drawdown amount - 12% in standard evaluations
- Refundable Fee- Frequent promotions where traders get refunded 125-150%
- Multiple broker options
- The Funded Trader offers $400,000 with $48,000 static - one of largest static drawdowns in the industry. Big traders welcome.
Current Promotion is a nice one, and we are hearing it will be expanded beyond just crypto payment. So if you would like to pay with debit or credit, follow the link below and try to check out using that code. (will update when we hear for sure)
Best The Funded Trader Current Deal
Special Offer 5% Off Code
5% OFF w code TFTSALE
We have partnered with The Funded Trader to bring you a 5% off from your order on any account. Already
Just follow link above and use
The Funded Trader Discount Code: TFTSALE at checkout
The Funded Trader does not plan any major promotions at they have started offering a new and improved trader funding products at very low price.
Getting Funded by The Funded Trader
In this section, we will compare the various challenges offered by The Funded Trader. The challenges are categorized into four types: Standard, Rapid, Royal, and Knight's (1 Step). Each type offers unique rules, account sizes, leverage, and trading conditions, catering to various trading styles and preferences.
The Funded Trader Standard Challenge
Standard Challenge - Swing Account
| Swing | 50K | 100K | 200K | 400K |
|---|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 | $400,000 |
| Challenge Leverage | 1:60 | 1:60 | 1:60 | 1:60 |
| Minimum Trading Days | 5 | 5 | 5 | 5 |
| Phase 1 Target (35 Days) | $5,000 USD (10%) | $10,000 USD (10%) | $20,000 USD (10%) | $40,000 USD (10%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) | $20,000 USD (5%) |
| Max Loss | $6,000 USD (12%) | $12,000 USD (12%) | $24,000 USD (12%) | $48,000 USD (12%) |
| Max Daily Loss | $3,000 USD (6%) | $6,000 USD (6%) | $12,000 USD (6%) | $24,000 USD (6%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | Yes | Yes | Yes |
| Refundable Fees | $315 USD | $549 USD | $949 USD | $1898 USD |
Standard Challenge - Regular Account
| Regular | 50K | 100K | 200K | 400K |
|---|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 | $400,000 |
| Challenge Leverage | 1:200 | 1:200 | 1:200 | 1:200 |
| Minimum Trading Days | 5 | 5 | 5 | 5 |
| Phase 1 Target (35 Days) | $5,000 USD (10%) | $10,000 USD (10%) | $20,000 USD (10%) | $40,000 USD (10%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) | $20,000 USD (5%) |
| Max Loss | $6,000 USD (12%) | $12,000 USD (12%) | $24,000 USD (12%) | $48,000 USD (12%) |
| Max Daily Loss | $3,000 USD (6%) | $6,000 USD (6%) | $12,000 USD (6%) | $24,000 USD (6%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | No | No | No | No |
| Refundable Fees | $315 USD | $549 USD | $949 USD | $1898 USD |
The Standard Challenge offers regular and Swing account types, with sizes ranging from $10K to $400K. This challenge requires a minimum of 3 trading days, with a 10% target in Phase 1 (35 days) and a 5% target in Phase 2 (60 days). The maximum loss allowed is 12%, while the maximum daily loss is 6%. Drawdowns are calculated based on both equity and balance. The profit split stands at 80%, with the option to increase to 90% through a scaling plan. The first withdrawal is available after 30 days, and the payout processing time is two business days. Lot size limits follow the Eightcap Lot Size Rule, and EAs are prohibited.
Differences between Regular and Swing account types under the Standard Challenge include:
- Leverage (1:200 for Regular, 1:60 for Swing).
- Weekend trading (not allowed for Regular, allowed for Swing).
- News trading restrictions (Phase 1 and 2 allowed for both, but restrictions apply to funded Regular accounts).
The Funded Trader Rapid Challenge
Rapid Challenge - Swing Account
| Swing | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:30 | 1:30 | 1:30 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | Yes | Yes |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
Rapid Challenge - Regular Account
| Regular | 50K | 100K | 200K |
|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 |
| Challenge Leverage | 1:100 | 1:100 | 1:100 |
| Minimum Trading Days | 0 | 0 | 0 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Max Loss | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Weekend trading | Yes | No | No |
| Refundable Fees | $299 USD | $499 USD | $899 USD |
The Rapid Challenge also offers regular and Swing account types, with account sizes ranging from $10K to $100K. There is no minimum trading day requirement, and Phase 1 targets are set at 8% (35 days) and Phase 2 at 5% (60 days). The max loss is 8%, with a max daily loss of 5%. Drawdowns are calculated based on balance only. Like the Standard Challenge, the profit split is 80% (90% with the scaling plan), but the first withdrawal is available after 14 days. Payout processing time is reduced to 1 business day. Lot size limits and EA restrictions are the same as the Standard Challenge.
Differences between Regular and Swing account types under the Rapid Challenge are in leverage (1:100 for Regular, 1:30 for Swing), weekend trading (not allowed for Regular, allowed for Swing), and news trading restrictions (similar to the Standard Challenge).
The Funded Trader Royal Challenge
| 50K | 100K | 200K | 400K | |
|---|---|---|---|---|
| Account Balance | $50,000 | $100,000 | $200,000 | $400,000 |
| Challenge Leverage | 1:200 | 1:200 | 1:200 | 1:200 |
| Minimum Trading Days | 5 | 5 | 5 | 5 |
| Phase 1 Target (35 Days) | $4,000 USD (8%) | $8,000 USD (8%) | $16,000 USD (8%) | $24,000 USD (8%) |
| Phase 2 Target (60 Days) | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) | $15,000 USD (5%) |
| Max Loss | $5,000 USD (10%) | $10,000 USD (10%) | $20,000 USD (10%) | $30,000 USD (10%) |
| Max Daily Loss | $2,500 USD (5%) | $5,000 USD (5%) | $10,000 USD (5%) | $15,000 USD (5%) |
| Expert Advisors | Yes | Yes | Yes | Yes |
| Profit Split | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling | 80% | 90% with Scaling |
| Drawdown Type | Equity & Balance | Equity & Balance | Equity & Balance | Equity & Balance |
| Refundable Fees | $289 USD | $489 USD | $939 USD | $1,399 USD |
What is The Funded Trade Royal Challenge? And what does it cost to enter?
The Royal Challenge is available for Regular account types only, offering account sizes from $50K to $400K. This challenge requires at least five trading days, with Phase 1 and 2 targets similar to the Rapid Challenge. Max loss is 10%, and daily loss is 5%. Drawdowns are calculated based on both equity and balance. Profit split, first withdrawal, and payout processing time are the same as the Standard Challenge. Lot size limits are unlimited, EAs are allowed, and leverage is set at 1:200. Weekend and news trading are allowed with no restrictions in any phase.
Royal Challenge Phase 1
Phase 1 of the Funded Trader Royal Challenge is the first step in the evaluation process. You must adhere to your trading plan and manage your risk to succeed in this phase. After you have completed the trading objectives and proven your skills, your Phase 2 account will be created, and you can continue your journey. You will not lose size limits like the Standard challenge. EA's are enabled. There is a lower profit target of 8%. Holding over weekends is permitted. Daily drawdown is calculated using equity and balance.
- Target Profit of 8%
- Max. Maximum.
- 10% Max. Initial Deposit Drawdown
- Minimum Trading Days: 5
- Maximum Calendar Days: 35 (ends on the last day at 5 pm EST).
Royal Challenge Phase 2
Phase 2 of the Funded Trader Royal Challenge is where you will continue following your trading plan and demonstrate your skills more relaxedly with a profit target of 5%. Your Phase 2 results will be verified, and you can move on to become a Funded Trader. This phase requires you to trade for at least five days.
- Target Profit of 5%
- Max. Maximum.
- 10% Max. Initial Deposit Drawdown
- Minimum Trading Days: 5
- Maximum Calendar Days: 60 (ends on the last day at 5 pm EST).
- Phase 2 will see traders trade live conditions.
The Funded Trader
Congratulations! You completed the Royal Challenge and provided the verification documents necessary to join our Proprietary Trading Firm. To receive a profit split of up to 90% and biweekly payments, you must maintain a professional level in risk management and consistency. You will be considered for the Scaling Plan if you continue to trade consistently.
- NO Profit Target
- Max. Maximum.
- 10% Max. Initial Deposit Drawdown
200k Challenge Example
If you have a $200k account, your $10,000 drawdown must be based on your equity or your balance on your trading account. This limit applies to accounts open for 24 hours starting at 5 pm EST.
The Funded Trader Knight's Challenge (1-Step)
The Knight's (1 Step) Challenge is a unique offering tailored to traders who prefer a simplified process with a single phase. This challenge is designed for Regular account types and provides account sizes ranging from $25K to $200K.
Trading Requirements and Targets
There is no minimum trading day requirement in the Knight's (1 Step) Challenge, allowing traders to achieve their targets at their own pace. Phase 1 has a target of 10%, with no time limit imposed. This encourages traders to focus on their trading strategies and risk management without the pressure of a deadline.
Risk Management
Risk management is a crucial aspect of trading, and the Knight's (1 Step) Challenge has specific parameters to ensure proper risk control. The maximum loss allowed is 6%, while the maximum daily loss is 3%. Drawdowns are calculated based on a relative measure, considering the difference between the highest and lowest equity levels during the challenge.
Profit Split and Withdrawals
The profit split for the Knight's (1 Step) Challenge is set at 80% but can be increased to 90% by following a scaling plan. The first withdrawal can be made after seven days, faster than other challenge types. Payout processing time for this challenge is three business days.
Trading Conditions
Lot size limits for the Knight's (1 Step) Challenge are unlimited, allowing traders to manage their positions according to their preferred trading styles. In addition, EAs (Expert Advisors) are allowed, allowing algorithmic traders to utilize their automated strategies.
Leverage in the Knight's (1 Step) Challenge is set at 1:30, promoting responsible trading and risk management while providing ample room for trading opportunities. In addition, weekend trading is allowed, allowing traders to hold positions over the Weekend if their strategy requires it.
News trading is permitted in Phase 1, but certain restrictions apply to funded accounts. Traders should be mindful of these restrictions when transitioning from the challenge phase to a funded account to ensure compliance with the trading conditions.
In conclusion, the Knight's (1 Step) Challenge offers a streamlined, single-phase process with more relaxed trading requirements and targets, making it an appealing option for traders seeking a simplified prop trading challenge experience.
TFT Updates and Improvements for May 2022
The Funded Trader team is always on the grind looking for ways to keep community involved and improve trader funding product, some recent updates to their already elite trader funding products:
- Better and more efficient KYC process, what took days before can be done in hours now
- Significantly faster account creation time for Evaluation and Rapid programs
- Got rid of unpopular one step challenge to focus on maximizing experience in Rapid and Standard Evaluation accounts.
- Released new generous promotion
- New broker option added for both evaluations and live trading. Better product selection and improved spreads on many products.
Who are the Funded Traders?
Forex trading can be difficult. A few percent per month won't get you to full-time trader status if you have a small capital. It's almost impossible to find investors, and you will need at least three years of experience. So what can you do if you want to increase your trading success? Prop firms and funded accounts are where you can make a difference.
This article is about The Funded Trader, a prop company launched in June 2021 and offered funds to consistently profitable forex traders. It's easy to see why the company enjoys such a stellar reputation. They have a high-profit split, high leverage, and many funding options. Let's learn more!
The Funded Trader is a new forex prop company that offers funding up to $1,000,000 for traders all over the globe. This company has a high-profit split of up to 90%. There are many ways to get funded and a great community. The company also offers great leverage. VVS Academy-created TFT and Forex League are two of the most prominent players in the forex industry who have been teaching traders for many years.
No matter your opinion on forex mentors, The Funded Trader is a strong offering and is currently competing with some of the most prominent names in the prop company industry. This could be the right account for you.
The Funded Trader Program Had the Largest Payout in Prop Trading Company History
The Funded Trader has the highest payout in the industry! You can see the leaderboard to see that the 'king' made a huge month in terms of profit at the end of 2021. TFT provided proof of payment. It is incredible to see. Wise released the money even though it was a large payment in a few days.
A few other payments were also made of similar value. In the last few months, we have seen withdrawals of $75,000 to $107,000. So in the past few months, the company has paid out more than $1,000,000. This is incredible. This is incredible growth.
It is unlikely that most people will ever be able to withdraw this much money from a prop company, but it does give us some comfort that traders are being paid.
What makes The Funded Trader different from other Prop Firms?
Take a look at this list of top forex brokers will show you that around 30 companies are offering funded trading accounts. Retail forex traders are thriving, and now is the best time to get involved in this industry. However, many companies offer the same package but with different logos. So it's worth taking a closer look at each offering to see if anything sets The Funded Trader apart.
Brokers are the first thing that distinguishes the company. When it comes to actual account offerings, the Funded Trader has partnered with two major names in the industry. Purple Trading is one of the partnered brokers and Nash Markets. Both brokers offer MetaTrader 4 and MetaTrader 5 platforms for Trading on.
Funded Trader also features a leaderboard, highlighting the top profit traders for the week and the previous months. In addition, the comments section allows traders to interact and discuss the markets. This creates a wonderful community feeling. This community is vital for traders who trade retail.
Anyone who shows the most trading profits in a month from a linked MyFxBook will be given a challenge by the company demo account. Even though your chances of winning $100,000 are slim, it's nice to see The Funded Trader giving back and promoting a wonderful community feeling.
The Funded Trader's unique advantage is its one-step challenge. This $100,000 account is more costly and allows you to make a 10% profit. You can't exceed the 12% maximum drawdown or the 6% daily drawdown limits. Once you have completed the first stage, you can continue with the challenge for unlimited time. You will then be a funded trader. This is a unique opportunity that I haven't seen offered by any prop company. It will be possible for traders to climb the ladder more easily.
Is it realistic to expect to fund from the Funded Trader?
Prop firms can offer you up to $5M funding, but it doesn't matter if they expect a ridiculous return. It is important to verify that the funds are available.
It is possible to obtain funding through The Funded Trader, which can be more realistic than many other firms in the sector. This is due to a variety of reasons.
Overnight Holdings and Leverage
It is almost impossible to make 10% in just a few weeks using 1:1 leverage. It is almost impossible to make 10% in just a few weeks with 1:1 leverage. The Funded Trader allows traders to have 1:200 leverage on forex pairs. This is enough for large positions and weekend and overnight holding. This gives swing, intraday, and day traders a high chance of being funded.
Lenient Trading Conditions
It's important to look at the rules of each challenge against the industry staple - FTMO. Funded Trader has a lot more flexibility than FTMO. The trading challenges take slightly longer, and you have a 2% higher total loss and a daily loss limit. Although this may not seem important, it can significantly impact the difficulty of a trading challenge.
One Step Challenge
The one-step challenge account makes it easier for traders to obtain funding. You only need to complete half of the standard challenge. Only complete the first half of a normal fund process to get your funding. This will save you time and money and increase your funding chances.
The Funded Trader Scaling Plan
Scaling plans are becoming an important consideration to get funding for your forex prop company. You don't want to stop your journey once you have passed a challenge and you have a large trading account. However, it is important to expect growth and work with companies that provide it.
Funded Trader is a scaling plan that rewards consistent traders based on their performance. The profits are reviewed every three months. This means that you may be eligible for additional funds up to four times per year. You may be eligible if you are profitable for at least 2 of the three months. You will need to earn a minimum return of 6% and 2% each month for the three months. In addition, you will be eligible for a 25% increase in capital and a 90% profit split. This cap will be $1.5M.
It is great and consistently rewards consistent traders. This is exactly what we want. It is very similar to the scaling program offered at FTMO. There are faster-paced and more aggressive scaling plans available in the industry like DT4X Trader, which allows you to double your account balance for every 10 percent of capital invested. Both types of programs have their merits, however.
The Funded Trade Leaderboard
This is a little gimmick, but I think it's great! Funded Trader offers a leaderboard, where the top traders for the week are displayed. Based on the profit this week, they are given a rank and a title. A hall of fame is also available, which displays the names of the top traders from each month, going back to June 2021, when the company was founded.
I am aware that FTMO also recently added a dashboard for EMEA and USA to help them see the highest profits of the week. I think it's an excellent idea. It is inspiring and amazing to see Artur Z make over $100,000 in profits this week on their funded account. Although I doubt that this is a common occurrence and most of the other fund traders aren't making even close, it's worth keeping an eye on the successful traders have.
Trading on a demo account is also an option for traders to earn a $100,000 challenge account. You only need to link your demo account with MyFxBook. Then, follow the trading rules to be eligible for a free challenge. This is a fantastic opportunity, and it's always nice for prop firms to give back to the community.
The Funded Trader Reviews: What are Traders Saying About It?
When choosing the best forex prop company, look at other traders' experiences. This can be done best by looking at third-party websites or forums reviews. However, these reviews are often more difficult to manipulate.
The Funded Trader has been rated Excellent by Trustpilot with 4.8 stars from nearly 450 reviews. This is amazing, and the company has only 2% of negative reviews. This prop company has been around less than one year. To see such positive reviews within the first year of its existence is amazing. This puts the company at the top of our top forex prop companies list.
You can see traders praising the prop company and being impressed by the customer service. It is important to have high customer service levels when dealing with large amounts of money or funded forex accounts. Negative reviews come from traders who have failed to complete the challenge and don't seem to understand the prop firm's model. We can take these with a grain of salt.
The Funded Trader Review Summary
The Funded Trader is a strong prop company and rapidly rising to the industry's top. Funding up to $1,000,000 is available. The company also offers up to 90% monthly payouts, a leaderboard, and 1:200 leverage. There's even a weekend holding. It is easy to see why this company enjoys such a great reputation.
The company is true for traders, by traders. I highly recommend it to traders seeking funding.
Please let me know if you have any trading experience with The Funded Trader's funded accounts.
See more of The Best Funded Trader Programs for 2023
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