If you are an experienced trader looking for an opportunity to grow your profits, you may have come across Skilled Funded Traders. This proprietary trading firm offers a 2-stage evaluation process that can potentially lead to becoming a funded trader and remotely managing funds. But is Skilled Funded Traders a reliable and trustworthy option? In this review, we will take a closer look at what Skilled Funded Traders has to offer and whether it may be a good fit for you.
One of the key benefits of Skilled Funded Traders is their scaling plan. This plan allows traders to start with a simulated funded account and potentially increase their account size based on their performance. The scaling plan also includes regular account reviews and risk management measures to help traders stay on track. However, it is important to note that not all traders may qualify for the scaling plan, and there are specific requirements and rules to follow.
Overall, Skilled Funded Traders may be a good option for experienced traders looking for a way to grow their profits and manage funds remotely. However, it is important to thoroughly research and understand the evaluation process, scaling plan, and other requirements before committing to Skilled Funded Traders. In the following sections, we will dive deeper into the evaluation process, scaling plan, and other important aspects of Skilled Funded Traders to help you make an informed decision.
Understanding Skilled Funded Traders
If you’re looking for an opportunity to become a funded trader, Skilled Funded Traders might be the right choice for you. As a proprietary trading firm, Skilled Funded Traders seeks experienced traders to participate in their 2-stage evaluation process and potentially become funded traders.
Skilled Funded Traders offers remote trading opportunities, allowing traders to manage funds and grow their accounts through their scaling plan. Upon successfully completing the evaluation, traders can retain 80% of their profits, which is a great incentive for experienced traders looking to take their trading experience to the next level.
To become a funded trader with Skilled Funded Traders, you need to show dedication and commitment to trading. The evaluation process is designed to test your trading skills and see if you’re a good fit for the Skilled Funded Traders team. As a Skilled Funded Trader, you’ll have access to a community of traders who share the same passion for trading and a desire to succeed.
Skilled Funded Traders also offer resources and support to help traders improve their trading skills and increase their chances of success. With a deep dive into Forex psychology for traders, creating a trading plan, and embarking on a trading journey, Skilled Funded Traders provides valuable insights and information that can help traders achieve their goals.
Overall, Skilled Funded Traders is a reputable and reliable proprietary trading firm that offers opportunities for experienced traders to become funded traders. If you’re dedicated to trading and willing to put in the effort, Skilled Funded Traders might be the right choice for you.
Skilled Funded Traders is a proprietary trading firm that offers a platform for experienced traders to participate in their 2-stage evaluation process and potentially become a funded trader. The platform is designed to provide traders with a remote trading environment where they can manage funds and grow their accounts through the scaling plan.
The system is easy to use and navigate, with a simple and intuitive interface that allows traders to access all the necessary tools and features. Logging in is also straightforward, with a login page that requires your email and password.
The platform supports the popular MT5 trading platform, which provides access to a wide range of financial instruments. The Purple Trading Extensions for Trading are also available, which can help traders to make more informed trading decisions.
At Skilled Funded Traders, they prioritize clarity and accessibility in their simulated commission fee structure, especially for those new to the platform. The spreads and commissions are competitive, with no hidden fees or charges.
In summary, the Skilled Funded Traders platform is a reliable and user-friendly trading environment that provides traders with the tools and support they need to succeed. Whether you are an experienced trader or just starting, this platform is worth considering.
The Support Team
Skilled Funded Traders has a responsive support team that is available to assist you with any questions or issues you may have. The support staff is knowledgeable and experienced in trading and can provide valuable insights and recommendations to help you succeed as a funded trader.
The SFT support team can be reached through various channels, including email and live chat. They are known for their prompt and efficient communication, ensuring that you receive timely and accurate responses to your inquiries.
In addition to providing customer support, the SFT support team also offers educational resources and materials to help traders improve their skills and knowledge. These resources include FAQs, risk management alerts, and performance analytics, which can be accessed through the trader’s dashboard.
Overall, the support team at Skilled Funded Traders is confident and neutral in their approach, providing clear and concise information to traders. They strive to ensure that all traders have a seamless and efficient experience while participating in the evaluation process and managing their funded accounts.
Trading Goals and Challenges
As a skilled funded trader, you understand the importance of setting clear trading goals. A trading plan with well-defined objectives can help you stay focused and track your progress, leading to continuous improvement. Skilled Funded Traders emphasize the importance of setting clear objectives in their evaluation process.
However, achieving your trading goals can be challenging. The market is constantly changing, and traders must adapt to new market conditions. Skilled Funded Traders recognizes this challenge and offers a two-stage evaluation process to help traders develop the skills needed to succeed.
During phase one of the evaluation process, traders are challenged to generate a 6% simulated profit. This challenge is designed to help traders develop the skills needed to trade profitably in a simulated environment. Upon successfully completing phase one, traders can progress to phase two, where they can remotely manage funds and grow their accounts through Skilled Funded Traders’ scaling plan.
The Skilled Challenge, which is part of phase two, offers reduced simulated profit targets, an increased profit split, and faster first payouts. Traders must generate a 6% simulated profit to progress to the subsequent phase. Skilled Funded Traders also offers the Standard Challenge, which takes traders back to the fundamentals of trading and offers a balanced approach to risk.
The evaluation process is designed to challenge traders and help them develop the skills needed to succeed in today’s market. It is important to remember that trading is not easy, and challenges will arise. However, with a clear trading plan and the right mindset, you can overcome these challenges and achieve your trading goals.
As a Skilled Funded Trader, managing your account effectively is crucial to your success. Once you have completed the evaluation process and have been funded, you will have access to your trading account and can begin trading remotely.
Before you start trading, it is important to ensure that your account is verified and in compliance with the firm’s rules and regulations. This will involve an automated account review to check for any violations during Phase 1. If there are any issues, our support team can help you resolve them efficiently.
To manage your account effectively, you should establish a strong foundation in effective risk management. This includes monitoring your daily drawdown and maximum drawdown limits to ensure that you are not exceeding them. You can access risk management features through your trader’s dashboard to control your trades and reduce potential losses.
It is also important to stay up-to-date with the firm’s rules and regulations regarding account management. This includes understanding the requirements for sustaining your simulated funded account and receiving regular payouts.
By adhering to these guidelines and managing your account effectively, you can maximize your potential for success as a Skilled Funded Trader.
Trading Conditions and Order Execution
As a Skilled Funded Trader, you will have access to competitive trading conditions and efficient order execution. Here are some of the key features of Skilled Funded Traders’ trading environment:
Bid and Ask Prices
Skilled Funded Traders offers competitive bid and ask prices for a wide range of financial instruments. The bid price is the highest price a buyer is willing to pay for a financial instrument, while the ask price is the lowest price a seller is willing to accept. The difference between the bid and ask prices is known as the spread.
Spreads and Slippage
Skilled Funded Traders’ spreads are among the lowest in the industry, which means you can trade with tighter spreads and potentially increase your profits. However, it is important to note that spreads can widen during times of high market volatility, which can result in slippage. Slippage occurs when your order is executed at a different price than the one you intended due to market movement.
Tick Data and Charting
Skilled Funded Traders provides access to tick data and charting tools to help you make informed trading decisions. Tick data shows the price and volume of trades at a specific point in time while charting tools allow you to visualize price movements and identify trends.
Skilled Funded Traders uses advanced technology to ensure fast and reliable order execution. Orders are executed within milliseconds, which helps to minimize slippage and ensure that you get the best possible price. In addition, Skilled Funded Traders’ trading platform is designed to handle high volumes of orders, which means you can trade with confidence even during times of high market activity.
Overall, Skilled Funded Traders provides a competitive and efficient trading environment that is designed to help you maximize your profits. With tight spreads, fast order execution, and access to tick data and charting tools, you can make informed trading decisions and take advantage of market opportunities.
When it comes to the financial aspects of Skilled Funded Traders, there are a few important things to keep in mind. Firstly, the company offers a scaling plan that allows traders to remotely manage funds and grow their accounts. Upon successfully completing the evaluation process, traders can retain 80% of their profits, which is a competitive payout compared to other proprietary trading firms.
It is also worth noting that Skilled Funded Traders prioritizes transparency and accessibility in their simulated commission fee structure. They offer a clear and straightforward commission fee structure, which is especially helpful for those new to the platform. The simulated commission fees are structured as follows:
Another important financial aspect to consider is risk management. Skilled Funded Traders emphasize the importance of having a trading plan that defines your actions in various market scenarios. By sticking to your plan, you can cultivate discipline and consistency, which are fundamental for long-term trading success. Additionally, having a solid risk management plan in place can help mitigate impulsive, emotion-driven decisions.
In terms of payment methods, Skilled Funded Traders accepts bank card payments. They also offer a discount for traders who choose to pay for their evaluation in full upfront. If, for any reason, you are not satisfied with the evaluation process, Skilled Funded Traders offers a refund policy. However, it is important to note that the refund policy is subject to certain terms and conditions.
Overall, Skilled Funded Traders provides a competitive payout structure with transparent commission fees and emphasizes the importance of risk management and having a solid trading plan.
Customer Service Experience
Skilled Funded Traders prides itself on its customer service, and it shows. You can expect a prompt response time when you have an issue or question. The team is knowledgeable and can help you with any issues you may encounter.
If you experience a loss due to a stop loss not being triggered, you can contact customer service to have the issue reviewed. The team will manually review the issue and determine if it is eligible for a refund.
Skilled Funded Traders has a Trustpilot page where you can read reviews from other traders. The majority of the reviews mention the excellent customer service experience.
If you prefer to communicate through personal email, you can do so. The team is responsive and will help you with any issues you may encounter.
Overall, the customer service experience at Skilled Funded Traders is professional and reliable. You can trust that any issues or concerns you have will be addressed promptly and efficiently.
Skilled Funded Traders is a proprietary trading firm that offers simulated trading evaluation services to traders within chosen markets through simulated demo accounts. The firm was established in 2023 and operates within the legal framework of Delaware.
The success of Skilled Funded Traders is attributed to the founders, Sarim, Daniel, Asif, and Ayomide. They started utilizing prop firms in 2022, which allowed them to become six and 7-figure traders. This success inspired them to create Skilled Funded Traders where they can offer their insights and expertise to other traders.
As a prop firm, Skilled Funded Traders seeks experienced traders to participate in their 2-stage evaluation process and potentially become funded traders. Upon successfully completing the evaluation, traders can remotely manage funds and grow their accounts through the firm’s scaling plan. Funded traders can retain 80% of their profits and receive payouts on a weekly basis.
Skilled Funded Traders is led by a team of experienced CEOs who have a deep understanding of the trading industry. They have created a knowledge center to provide traders with resources to navigate their trader’s dashboard and understand the eligibility and process for requesting payouts as a funded trader.
Overall, Skilled Funded Traders is a reputable prop firm that offers traders the opportunity to grow their profits through their evaluation process and scaling plan. Their founders’ success and expertise, combined with the leadership of experienced CEOs, make them a reliable choice for traders looking to take their trading to the next level.
As a Skilled Funded Trader, you have access to a variety of additional resources that can help you improve your trading skills and maximize your profits. Here are some of the resources that you can take advantage of:
Skilled Funded Traders offers a comprehensive knowledge center that covers a wide range of trading topics. This includes articles on risk management, market analysis, and strategy formulation. You can also find educational materials and resources within the trader’s dashboard to help you improve your trading skills. These resources are designed to help you navigate the often volatile financial markets with skill.
Skilled Funded Traders offers a simulated trading environment that allows you to practice your trading skills without risking real money. This is a great way to test out new strategies and refine your trading techniques. Simulated trading can also help you build confidence in your trading abilities, which is essential for success in the financial markets.
The Skilled Funded Traders trade ticket is a powerful tool that allows you to execute trades quickly and efficiently. The trade ticket is easy to use and provides you with all the information you need to make informed trading decisions. You can also set up risk management alerts to better control your trades and reduce potential losses.
Patience is a key trait that all successful traders possess. Skilled Funded Traders understand the importance of patience in trading and provide you with the support you need to stay patient and disciplined. This includes regular account reviews and performance analytics that can help you identify areas for improvement and stay focused on your long-term trading goals.
In conclusion, Skilled Funded Traders offers a wide range of additional resources that can help you become a successful trader. By taking advantage of these resources and staying patient and disciplined, you can maximize your profits and achieve your trading goals.
As a skilled funded trader, you understand the importance of market analysis in making informed trading decisions. Market analysis involves studying the financial markets to identify potential trading opportunities and risks. This analysis includes examining market trends, news, economic indicators, and other factors that can impact the markets.
One popular trading strategy is swing trading, which involves holding positions for several days to take advantage of short-term price movements. To be successful in swing trading, you need to conduct a thorough market analysis and identify potential swing trade setups.
At Skilled Funded Traders, we provide a top-tier service that includes five-star market analysis. Our team of experienced analysts uses advanced tools and techniques to analyze the markets and identify potential trading opportunities. We provide daily market analysis reports that cover major currency pairs, commodities, and indices.
Our market analysis reports include key support and resistance levels, trend analysis, and potential trade setups. We also provide detailed analysis of economic indicators and news events that can impact the markets.
With our comprehensive market analysis, you can make informed trading decisions and maximize your profits. Trust Skilled Funded Traders for expert market analysis and top-tier trading experience.
Payment Processors and Giveaways
As a Skilled Funded Trader, you have access to multiple payment processors to withdraw your profits. You can choose from BTC, Ethereum/ETH (ERC-20), USDT (ERC-20), and USDC (ERC-20). To request a payout, simply login to your Skilled Funded Traders Funded Demo Accounts on the trading platform, navigate to your Dashboard, and click on the “Profit Split” option in the Dashboard menu. From there, click “Request withdrawal,” select your desired payment processor, and insert your unique crypto wallet ID. It is important to note that your wallet ID should be ERC-20 chain for USDT.
In addition to the payment processors, Skilled Funded Traders also offers weekly giveaways to its traders. To be eligible for the weekly giveaway, you must meet certain trading requirements, which are outlined on the Skilled Funded Traders website. The weekly giveaway is a great opportunity for traders to earn additional funds and increase their profits.
Overall, Skilled Funded Traders provides a reliable and efficient payment process for its traders. The multiple payment processors and weekly giveaways add an extra layer of convenience and incentive for traders to perform well and grow their accounts.
Concerns and Investigations
As with any investment opportunity, it is important to thoroughly research and investigate before committing funds. Skilled Funded Traders have been the subject of some concerns and investigations in the past, which you should be aware of.
One concern that has been raised is the potential for Skilled Funded Traders to be a scam. However, there is no evidence to support this claim. Skilled Funded Traders is a legitimate proprietary trading firm that offers traders the opportunity to participate in their 2-stage evaluation process and potentially become a funded trader. They have a transparent commission fee structure and offer monthly competitions for traders to hone their skills and earn rewards.
It is also worth noting that Skilled Funded Traders has a Discord community where traders can connect with each other and share insights and experiences. This community can be a valuable resource for traders looking to improve their skills and stay up-to-date on market trends. However, as with any online community, it is important to exercise caution and not blindly trust information shared by others.
In terms of investigations, Skilled Funded Traders have been investigated by regulatory authorities in the past. However, these investigations have not resulted in any charges or penalties against the company. Skilled Funded Traders take compliance with relevant statutes, regulations, and judgments seriously and ask their customers to do the same. Predatory trading practices that interfere with the functioning of the real market are banned on their platform.
Overall, while there have been some concerns and investigations surrounding Skilled Funded Traders, there is no evidence to suggest that they are a scam or engage in any illegal activities. As with any investment opportunity, it is important to do your own research and make informed decisions.