The Funded Trader has grown rapidly as a well-liked prop firm because of its very active trading community, excellent profit splits, straightforward regulations, and reachable profit ambitions. Their already excellent price points, along with regular discounts like the 10% off + 92.5% payouts offered with code BESTOFTFT1, make them one of the best prop-trading deals around.
About The Funded Trader
| Initial Capital | $5,000 – $400,000 |
| Price Range | $65 – $1,879 |
| Profit Split | 80% | 90% |
| Daily Loss | 5% |
| Max Drawdown | 8% |
| Profit Target | 5% – 10% |
| Tradable Products | Forex, Indices, Metals, Commodities, Crypto |
Having been incorporated on May 12, 2021, The Funded Trader LLC is a proprietary trading company used for trading. CEO Angelo Ciaramello is in charge of them, and they are situated in Liberty Hill, Texas. With Eightcap, ThinkMarkets, and Purple Trading Seychelles as their brokers, the Funded Trader offers traders a choice of five account kinds, three two-step assessments, a one-step evaluation, and a three-step evaluation.
The address of the Funded Trader corporate office is 14001 W HWY 29, Suite 102, Liberty Hill, Texas 78642.
Pros and Cons
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How Does The Funded Trader Work?
The Funded Trader, like the majority of prop firms, demands traders to demonstrate that they are successful forex traders to grant access to a funded account. It is distinguished by its special assessment procedure, which provides four different challenges, each with its trading conditions and goals.
- The Standard Challenge: The Standard Challenge has a higher maximum drawdown of 12 percent and a bigger daily drawdown of 6% for all account sizes. It’s perfect for experienced traders who want to test their techniques because they can anticipate receiving their first profit shares in less than 30 days.
- The Rapid Challenge: The goal of the Rapid Challenge is to deliver the first profit share in less than two weeks, with a focus on speed. It uses a daily drawdown based on balance, allowing traders to hang onto transactions and possibly compound their returns.
- The Royal Challenge: This challenge is the most accommodating since it permits traders to use Expert Advisors (EAs) with no restrictions on lot sizes. Compared to the typical challenges provided by other prop businesses, this task offers traders greater leeway, with a maximum drawdown of 10% and a profit target of 8%.
- The Knight task: This task, which only needs one phase and can be completed in seven to ten days, is perfect for traders seeking a faster reward.
With options to accommodate a wide range of trading styles, each challenge has its minimum trading days, daily loss limit, and time constraints.
The Funded Trader’s Pricing and Plans
There are four challenges in the Funded Trader, and each has a distinct process. Since there are many variations in account sizes and specifics for the various challenges, it is essential to consult their website for precise information.
The following is a quick rundown of some of the basic guidelines for a $100,000 Regular Account:
The Standard Challenge Accounts
- Profit target: 10%
- Maximum loss: 12%
- Maximum daily loss: 6%
- Refundable Fees: $549
The Rapid Challenge Accounts
- Profit target: 8%
- Maximum loss: 8%
- Maximum daily loss: 5%
- Refundable Fees: $499
The Royal Challenge Accounts
- Profit target: 8%
- Maximum loss: 10%
- Maximum daily loss: 5%
- Refundable Fees: $489
The Knight Challenge Accounts
- Profit target: 10%
- Maximum loss: 6%
- Maximum daily loss: 3%
- Refundable Fees: $489
How To Open An Account With The Funded Trader?
The Funded Trader makes getting started as easy as possible. Go to the website’s “Challenge” area first, and then choose the program and account size you want to take part in.
Before making a purchase, you should visit the Knowledge Center to understand the precise guidelines and goals of each of our offers.
When you’re ready, select your preferred program by clicking the “Buy” button at the bottom of the banner and proceed to the checkout to provide your billing and payment information.
Please be aware that they only accept ERC20 network addresses for purchases made using cryptocurrency, and they are unable to offer technical support to members who utilize other networks.
You will receive your account credentials in a welcome email shortly after making your purchase, and you will then be able to enter the Trade Hub, where you can view your dashboard, profile details, and more.
Asset Coverage
A variety of trading assets with varying leverages are offered by the Funded Trader. You can use a 100:1 leverage with forex pairings, and it can go up to 200:1 during assessments. Indexes have a leverage of 20:1, commodities have a ratio of 40:1, and the volatile world of cryptocurrency has a leverage of 2:1.
To get more specific, The Funded Trader allows trading of the following financial instruments:
- Forex: Trades in popular currency pairings including EURUSD, GBPUSD, and USDCHF, as well as several other currencies like AUDNZD, GBPCAD, and USDMXN, are permitted on the platform.
- Commodities: Important marketable commodities include gold (XAUUSD), silver (XAGUSD), platinum (XPTUSD), WTI (USOil), and Brent (UKOil), among others.
- Indices: Prominent indices such as the US30, SPX500, DAX, UK100, and NAS100 are available for traders to interact with.
- Cryptocurrencies: Traders can profit from a variety of digital currencies, including NEO, EOS, and ADA, as well as well-known ones like Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), and Ripple (XRPUSD).
Who Are The Funded Trader’s Brokers?
Three well-known brokers are partners of The Funded Trader: Purple Trading Seychelles, ThinkMarkets, and Eightcap.
Eightcap is an Australian company that was founded in 2009 and is governed by ASIC. It is based in Melbourne. Thanks to its commitment to providing excellent financial services, Eightcap has grown internationally and now has five offices.
In contrast, ThinkMarkets is a premier online brokerage that specializes in many assets and has its major offices located in Melbourne and London. ThinkMarkets, well-known for its trading solutions, offers support for MetaTrader 4, MetaTrader 5, and their in-house ThinkTrader platform.
Last but not least, Purple Trading Seychelles distinguishes itself from the competition by advocating ethical business methods and utilizing cutting-edge technologies to position itself as a fair partner to its clientele.
ThinkMarkets and Eightcap provide MetaTrader 4 and MetaTrader 5 as trading platforms. On the other hand, Purple Trading Seychelles only supports the MetaTrader 4 platform.
Alternative To The Funded Trader
| Aspects | The Funded Trader | True Forex Funds | Funded Next |
| Phase 1 Profit Target | 8% | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% |
| Maximum Daily Loss | 5% | 5% | 5% |
| Maximum Loss | 8% | 10% | 10% |
| Profit Split | 80% up to 90% | 80% | 80% up to 90% |
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Final Thoughts
Those looking for a prop firm with clear trading guidelines can choose The Funded Trader. A reputable company, they offer ideal conditions while serving a wide range of unique trading styles. When considering The Funded Trader’s products, they are without a doubt among the top prop firms in the market.
