If you’re a trader looking to scale your trading career, you may have come across The Funded Trader. The Funded Trader is a proprietary trading firm that offers traders the chance to trade with a virtual account balance and receive a profit split of up to 90%. The firm evaluates traders’ simulated performance every three months, and if eligible, traders can scale up to a virtual account balance of $1,500,000.
In this review, we’ll take a closer look at The Funded Trader and evaluate its offerings, including its trading challenges, risk management policies, and trading platform. We’ll also discuss the different trading styles that are suitable for The Funded Trader and provide insights into how traders can maximize their chances of success with this prop firm.
Whether you’re a forex trader or a trader in other markets, The Funded Trader may be an excellent opportunity to take your trading career to the next level. With its focus on risk management and consistent performance, The Funded Trader could be the right prop firm for you. So, let’s dive into this review and see if The Funded Trader is the right fit for your trading career.
Understanding the Funded Trader
If you’re interested in trading, you may have heard of the Funded Trader program. The Funded Trader is an online demo trading evaluation firm that provides traders with the opportunity to prove their trading skills in a risk-free environment.
The program offers traders the chance to complete an assessment and demonstrate their trading ability without risking any of their own money. After passing the evaluation, eligible traders are allowed to receive a simulated profit split of up to 90% and can scale up to $1,500,000 in virtual account balance.
The Funded Trader program offers two types of evaluation processes: the Standard Challenge and the Advanced Challenge.
The Advanced Challenge is a more aggressive evaluation process that allows traders to start with a higher account balance and a shorter evaluation period. The evaluation process is designed to simulate real market conditions and test a trader’s ability to manage risk and trade profitably.
The Funded Trader program is an excellent opportunity for traders who want to prove their trading skills and earn a profit without risking their own money. The program is designed to help traders learn and grow as traders, and it provides a clear path to success. If you’re interested in trading and want to prove your skills, the Funded Trader program is definitely worth considering.
Types of Challenges
The Funded Trader offers four types of trading challenges: Standard, Rapid, Royal, and Knight. Each challenge has different requirements and evaluation processes.
The Standard Challenge is the most popular challenge and is a two-phase evaluation process. Traders start with a simulated trading account with a minimum of $25,000 and a maximum of $400,000. In the first phase, traders have 35 days to achieve a 10% profit target ( from the date of the first trade ). If the trader reaches the profit target, they advance to the second phase, where they trade a live account with a 50% profit split.
The Rapid Challenge is a one-phase evaluation process. Traders start with a simulated trading account with a minimum of $5,000 and a maximum of $100,000. Traders have 15 days from the date of the first trade to achieve a 5% profit target, with the period ending at 5 p.m. EST on the final day. If the trader reaches the profit target, they can trade a live account with a 50% profit split.
The Royal Challenge is a two-phase evaluation process. Traders start with a simulated trading account with a minimum of $50,000 and a maximum of $800,000. In the first phase, traders have 50 days to achieve a 10% profit target (from the date of the first trade ). If the trader reaches the profit target, they advance to the second phase, where they trade a live account with a 70% profit split.
The Knight Challenge is the most challenging and is a two-phase evaluation process. Traders start with a simulated trading account with a minimum of $100,000 and a maximum of $1,600,000. In the first phase, traders have 70 days to achieve a 10% profit target (from the date of the first trade ). If the trader reaches the profit target, they advance to the second phase, where they trade a live account with an 80% profit split.
Overall, the Funded Trader challenges offer traders an opportunity to prove their knowledge and earn a profit split on a live account. Each challenge has its own requirements and evaluation process, so traders should carefully consider which challenge is best suited for their trading style and experience level.
Review of Prop Firms
If you’re looking to get into trading but don’t have the capital to do so, a prop firm might be the answer. Prop firms, or prop trading firms, provide traders with access to capital in exchange for a percentage of the profits generated. This allows traders to trade with more capital than they would be able to on their own, increasing their potential profits.
When it comes to prop firms, there are a lot of options out there. Some of the most popular ones include FTMO, The Funded Trader, and Funded Next. Each firm has its own unique features and benefits, so it’s important to do your research before choosing one.
One of the most important things to consider when choosing a prop firm is the profit split. This is the percentage of profits that the trader gets to keep. The higher the profit split, the more money the trader will make. The Funded Trader, for example, offers a profit split of up to 90%, which is one of the highest in the industry.
Another factor to consider is the verification process. Some prop firms have a very strict verification process, which can make it difficult for new traders to get started. The Funded Trader, on the other hand, has a transparent and user-friendly verification process that makes it easy for new traders to get started.
When it comes to forex prop firms, there are a few additional factors to consider. One of the most important is the trading platform. Some forex prop firms use proprietary trading platforms, while others use popular platforms like MetaTrader 4. It’s important to choose a firm that uses a platform that you are comfortable with, and that has the features you need.
Overall, prop firms can be a great way for traders to get started in the industry. They provide access to capital, which can increase potential profits, and often offer training and support to help traders improve their skills. When choosing a prop firm, it’s important to consider factors like the profit split, verification process, and trading platform to find the one that best fits your needs.
Profit Targets and Splits
As a funded trader, understanding the profit targets and splits is crucial to your success. The profit target is the amount of profit you need to make in order to pass the evaluation and become a funded trader. The profit split is the percentage of profits you get to keep after passing the evaluation and trading with a funded account.
The standard challenge has a profit target of 10% and a profit split of up to 80%. This means that if you pass the evaluation and trade with a funded account, you get to keep up to 80% of your profits. The funded trader’s profit split can go up to 90%, which is a significant advantage compared to other prop firms.
It’s important to note that profit splits can vary between prop firms, so it’s essential to research and compare before choosing a firm. Additionally, profit splits can change based on your account size and performance, so it’s crucial to keep track of your progress and negotiate for higher profit splits when possible.
Profit shares are another factor to consider when trading with a funded account. Some prop firms offer profit shares in addition to profit splits, which can be a significant source of income. For example, The Funded Trader offers profit shares based on the number of contracts traded, which can add up to substantial earnings over time.
In conclusion, understanding profit targets and splits is essential for any funded trader. It’s important to research and compare prop firms to find the best profit split and profit share options. Keep track of your progress and negotiate for higher profit splits and profit shares when possible to maximize your earnings.
Trading Instruments and Styles
As a funded trader, you have access to a wide range of trading instruments and styles. The Funded Trader program offers a variety of instruments to trade, including forex, commodities, indices, and cryptocurrencies.
Forex trading is the most popular instrument among traders, and for good reason. The forex market is the largest financial market in the world, with trillions of dollars traded daily. Forex trading involves buying and selling currency pairs with the aim of making a profit from the fluctuations in their exchange rates.
Commodities trading is another popular instrument that involves buying and selling raw materials such as gold, oil, and agricultural products. Commodities trading can be a good way to diversify your portfolio and hedge against inflation.
Indices trading is the practice of buying and selling a basket of stocks that represent a particular market or sector. Indices trading is popular among traders who want to take a position on the overall direction of the stock market rather than trading individual stocks.
Cryptocurrency trading is a relatively new instrument that has gained popularity in recent years. Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. Trading cryptocurrencies can be highly volatile but can also offer high returns.
When it comes to trading styles, there are several options available to funded traders. Day trading involves opening and closing positions within the same trading day, while swing trading involves holding positions for several days or weeks. Scalping is a high-frequency trading style that involves opening and closing positions within seconds or minutes.
In conclusion, as a funded trader, you have access to a wide range of trading instruments and styles. It’s important to choose the instruments and styles that suit your trading goals and risk tolerance. The Funded Trader program offers a variety of instruments to trade, including forex, commodities, indices, and cryptocurrencies, as well as different trading styles such as day trading, swing trading, and scalping.
Risk and Drawdown Management
As a funded trader, it is crucial to have a well-defined risk management strategy in place to avoid losing your account. The prop firms set a pre-determined level of maximum simulated drawdown, and all traders should formulate their strategy around this predefined level of maximum risk.
Managing drawdown is one of the most critical aspects of trading. It refers to the percentage of your account that you have lost from your highest account balance. You need to ensure that you keep your drawdown under control to avoid losing your account.
The funded trader program allows for a maximum daily loss, which is the maximum amount of money you are allowed to lose in a single trading day. It is essential to keep track of your daily loss and avoid exceeding the maximum daily loss limit set by the prop firm.
Overall, drawdown is another crucial factor that you need to keep in mind. It is the maximum percentage of your account that you are allowed to lose before your account is closed. The prop firm sets an overall drawdown limit that you must adhere to, and you must ensure that you do not exceed this limit.
To manage your risk effectively, you need to have a solid understanding of the margin rules of your trading account. It is your responsibility to actively manage any open positions and be mindful of the required margin level to maintain those positions at all times.
In summary, as a funded trader, you must have a well-defined risk management strategy in place to avoid losing your account. You need to keep your drawdown under control, avoid exceeding the maximum daily loss limit, and ensure that you do not exceed the overall drawdown limit set by the prop firm. Understanding the margin rules of your trading account is also crucial for the successful management of risk in leveraged trading.
Broker and Trading Platform Review
When it comes to trading with The Funded Trader, you have a few broker and trading platform options to choose from. The platform supports both MT4 and MT5, which are popular trading software among traders. You also have the option to use TradingView, which is a web-based charting platform that provides real-time quotes, charts, and trading ideas.
In terms of brokers, The Funded Trader works with a few different options, including ThinkMarkets, AxiTrader, and LMAX. Each of these brokers has its own strengths and weaknesses, so it’s important to do your research and choose the one that is best suited for your particular trading style and needs.
ThinkMarkets, for example, is a well-regulated broker that offers a wide range of trading instruments, including forex, CFDs, and commodities. They also provide access to a range of educational resources and trading tools that can help traders improve their skills and make more informed trading decisions.
AxiTrader, on the other hand, is known for its low spreads and fast execution speeds. They also offer a range of trading tools and resources, including an economic calendar and a trading blog that provides market analysis and insights.
LMAX is another option that The Funded Trader works with. This broker is known for its deep liquidity and tight spreads, making it a popular choice among professional traders. They also offer a range of trading tools and resources, including a trading API and access to a range of trading platforms.
Overall, each of these brokers and trading platforms has its own strengths and weaknesses, so it’s important to do your research and choose the one that is best suited for your particular trading style and needs. The Funded Trader provides traders with a range of options to choose from so you can find the broker and platform that works best for you.
Account Types and Sizes
When it comes to account types and sizes, The Funded Trader offers two different account types: Regular and Swing. Regular accounts are for traders who prefer to trade on a daily basis, while Swing accounts are for traders who prefer to hold positions for a longer period of time.
The Funded Trader also has different account sizes, which are determined by a trader’s performance. Traders start with a demo account, and if they are profitable for at least 2 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, they become eligible for an account size increase equal to 25% of their original demo account balance.
Members of The Funded Trader are able to have a maximum of simulated funds of $1.2M in active challenge accounts and a maximum of simulated funds of $ 600 K in active simulated funding accounts. This means that traders can only trade up to simulated Funds of $600k in active simulated funded accounts at any given time.
It is important to note that news trading is allowed on any Swing account type. However, if news trading is conducted on accounts where it is prohibited, traders 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.
Overall, The Funded Trader offers a range of account types and sizes to cater to different trading styles and preferences. It is important for traders to understand the different account types and sizes available and to adhere to the rules and regulations set forth by The Funded Trader.
Fees and Pricing
When it comes to fees and pricing, The Funded Trader has a straightforward and organized commission fee structure. The simulated commission fees are broken down for customers as follows:
It is important to note that these fees are only applicable to simulated trading accounts. There are no fees for traders who have successfully passed the evaluation and are trading with a funded account.
In addition to the commission fees, there is also a refundable evaluation fee that traders must pay to participate in the evaluation process. This fee ranges from $50 to $200, depending on the account size selected.
It is worth noting that the evaluation fee is fully refundable if the trader successfully passes the evaluation and is offered a funded account. However, if the trader does not pass the evaluation, the fee is non-refundable.
Overall, The Funded Trader offers a transparent and fair fee structure for traders looking to participate in their evaluation process. The commission fees are reasonable, and the refundable evaluation fee provides an added layer of security for traders.
Community and Support
As a funded trader with The Funded Trader, you’ll have access to a supportive and interactive community of traders. The company was founded with the goal of disrupting the industry by offering top-notch support, customer-centric challenges, and an engaging trading community.
If you have any questions or concerns, The Funded Trader’s support team is available to assist you. They offer a variety of resources, including a knowledge base and frequently asked questions section, to help you get started and navigate the platform.
In addition to traditional customer service channels, The Funded Trader also has an active Discord channel where members can interact through voice, video, and chat. The Discord community is a great place to connect with other traders, share insights, and ask questions.
The Discord channel also features payout pages and a trader review page, where members can share their success stories and provide feedback on the platform. The testimonials on the review page further bolster the platform’s credibility and demonstrate the success that traders have achieved through The Funded Trader’s challenges.
Overall, The Funded Trader offers a comprehensive support system and an engaging community of traders to help you succeed in your trading career.
Competitions and Rewards
If you are looking for a chance to showcase your trading skills, then The Funded Trader competitions are perfect for you. These monthly competitions are open to everyone, and you can participate for free. The top 50 profitable traders are rewarded with prizes, including free access to a simulated trading challenge, cash prizes, and gift codes. Your rank in the competition determines the amount of prize you win. For example, the winner of the December competition received $6K in cash and a free $300K challenge account.
The Funded Trader competitions are a great way to test your trading skills and compete with other traders. The competitions are open to everyone, and you can participate for free. The rules for registering are straightforward, and you can find them on the website. The leaderboard is updated daily, so you can track your progress and see how you are doing compared to other traders.
In addition to the competitions, The Funded Trader also has a rewards program. The program incentivizes all active simulated funded traders with bonuses for posting content. If you are currently funded and want to earn some extra rewards, this is a great way to showcase your results and make some money in the process.
The Funded Trader Discord community is also a great place to connect with other traders and participate in promotional activities and competitions. Membership in the community comes with perks like receiving TFT news, announcements, and even private chatrooms
Overall, The Funded Trader competitions and rewards program are a great way to test your trading skills and compete with other traders. The monthly competitions are open to everyone, and you can participate for free. The rewards program incentivizes active traders to showcase their results and earn some extra rewards. Join the community today and take your trading skills to the next level.
Promotions and Events
The Funded Trader offers various promotions and events to help traders achieve their goals. These promotions and events are designed to reward traders for their hard work and dedication.
One of the most popular promotions is the simulated profit bonus.
Traders should review the payout process and eligibility requirements carefully to ensure they receive their bonuses.
The Funded Trader also offers free competition to the trading industry. These monthly challenges are open to everyone and offer a chance to win prizes. The rules are simple, and everyone is allowed to participate. This is a great opportunity for traders to test their skills and win prizes.
In addition to promotions and events, The Funded Trader offers a range of challenges from $50,000 to $400,000. These challenges are designed to help traders improve their skills and earn virtual profit splits. Traders must display sound risk management and consistency to be eligible for up to a 90% virtual profit split.
Overall, The Funded Trader’s promotions and events are a great way for traders to achieve their goals and improve their skills. With a range of challenges, competitions, and simulated profit bonuses, there is something for everyone.
Withdrawals and Refunds
As a funded trader with The Funded Trader, you are eligible to request withdrawals from your simulated funded account. To do this, simply submit an invoice through the “Profit Share” section of the Trade Hub. Once your account has been reviewed, your payout will be processed. It is important to note that there may be a processing time for withdrawals, so be sure to plan accordingly.
In terms of refunds, The Funded Trader has a clear refund policy. After you have made a payment for one of their programs, you will receive login details to access your simulated trading platform. Once this information has been emailed to you, no refund will be given. However, in some special circumstances, The Funded Trader may provide a refund if no trades were placed on the account. It is important to read and understand their refund policy before making a payment.
Additionally, there are refundable fees associated with some of The Funded Trader’s challenges. For example, the Standard Challenge has a refundable fee of $50. This fee will be refunded to you if you successfully pass the challenge. However, if you do not pass the challenge, the fee will not be refunded. It is important to understand the refundable fees associated with each challenge before signing up.
Overall, The Funded Trader has a clear and straightforward policy regarding withdrawals and refunds. It is important to read and understand their policies before signing up for any of their programs or challenges.
As a funded trader, it’s essential to stay on top of your game and continuously improve your trading skills. The Funded Trader offers a variety of educational resources to help you do just that.
One of the best resources available is the VVS Academy, which provides comprehensive training on trading psychology, risk management, and technical analysis. The academy offers courses tailored to different skill levels, so whether you’re a beginner or an experienced trader, there’s something for you.
In addition to the VVS Academy, The Funded Trader also offers access to expert advisors, which are automated trading systems that can help you make more informed trading decisions. These advisors use advanced algorithms to analyze market data and identify profitable trading opportunities.
Overall, The Funded Trader’s educational resources are top-notch and can help you take your trading to the next level. Whether you’re looking to improve your technical analysis skills or learn more about trading psychology, there’s something for everyone.
In conclusion, The Funded Trader is a platform that provides traders with the opportunity to showcase their trading skills and earn funding for their trading accounts. The platform offers a range of challenges, from $25,000 to $400,000, and traders have 35 days to achieve a 10% profit target.
The reviews of The Funded Trader are generally positive, with many traders praising the platform for its transparency and professionalism. The platform evaluates traders’ simulated performance every three months, and if eligible, traders can scale up to $1,500,000 in virtual account balance.
The Funded Trader also offers a Trade Manager tool that allows traders to apply stop-loss orders and take profit orders to their trades. This tool can help traders manage their risk and maximize their profits.
Overall, The Funded Trader is a reliable and trustworthy platform for traders looking to earn funding for their trading accounts. The platform is transparent and professional, and its Trade Manager tool can help traders manage their risk. If you’re a trader looking to showcase your skills and earn funding for your trading account, The Funded Trader is definitely worth considering.