Are you a trader looking for a platform that offers an opportunity to prove your skills, manage a hefty trading capital, and generate a decent profit share? Look no further; The Funded Trader might be the platform you’ve been seeking.

Company Overview

The Funded Trader is an online demo trading evaluation firm designed to provide a risk-free environment where traders can exhibit their trading skills. Founded by the minds behind Forex League and VVS Academy, the platform aims to fill the gaps found on other trading platforms, creating a community-centric solution for traders. The ultimate goal? To give every retail trader a chance to manage substantial capital based on their performance and commitment to growing their own business.

The Funded Trader Program 

The Funded Trader program primarily consists of two evaluation phases: The Challenge (Phase 1) and Verification (Phase 2). Phase 1 is a 35-day period, where you must hit a profit target while complying with specific trading rules. Once you successfully pass this stage, you advance to Phase 2 – a 60-day validation phase with a new profit target and rules to adhere to. Completing these phases makes you eligible to join The Funded Trader’s Proprietary Trading Firm as a funded trader.

Trading Programs

The Funded Trader offers four types of challenges: Standard, Rapid, Royal, and Knight. Each challenge has its unique requirements in terms of trading period, minimum trading days, challenge leverage, profit target, maximum loss, maximum daily loss, drawdown type, and weekend holding.

The Standard and Rapid Challenges are best suited for traders comfortable with regular risk levels, while the Royal Challenge is designed for those ready to trade with expert advisors and no lot size limit. The Knight Challenge, on the other hand, is tailored for traders seeking an unlimited trading period and 0 minimum trading days.

Trading Rules and Risk Management

Each challenge follows strict risk management rules, encompassing daily loss limits, maximum overall loss, and drawdown parameters. Your performance needs to stay within these parameters throughout the challenge, ensuring that you display a professional level of risk management.

Cost and Profit Sharing

The upfront fee for the evaluation varies depending on the challenge selected. The Standard Challenge starts at $129 for a $10,000 account. For the Rapid Challenge, it’s the same fee but with a slightly different challenge structure. The Royal Challenge starts at $289 for a $50,000 account, while the Knight Challenge requires $189 for a $25,000 account.

Once you become a funded trader, you’re eligible for an 80% profit split, which can be increased to 90% depending on your account type and performance. You also get the chance to qualify for the King’s Program, offering instant payouts and anytime withdrawals.

Withdrawals and Payouts

The Funded Trader understands the importance of quick and easy withdrawals. They use Deel to process payouts, providing several options including Bank Transfer, Deel Card, Coinbase, Paypal, Payoneer, Revolut, and Wise. The aim is to deliver all payouts within 24 hours, making it convenient for traders worldwide.

Quick Thoughts

The Funded Trader offers an exceptional platform for budding and experienced traders alike to exhibit their skills, manage significant capital, and earn profits. The different challenges cater to various trader types and risk appetites, and the structured evaluation process ensures only the best and most disciplined traders become funded.

If you’re willing to invest a small upfront fee and commit to strict risk management rules, this platform provides an excellent opportunity to take your trading career to new heights. Happy trading!

Quick Details of The Funded Trader Programs Challenge

Standard Challenge Rapid Challenge Royal Challenge Knight Challenge
Program Cost Starts at $129 Starts at $129 Starts at $289 Starts at $189
Available Funding $10k to $400k $10k to $200k $50k to $400k $25k to $200k
Profit Sharing 80%-90% 80%-90% 80%-90% 80%-90%
Max Drawdown 12% 8% 10% 6%
Evaluation Duration Phase 1: 35 days, Phase 2: 60 days Phase 1: 35 days, Phase 2: 60 days Phase 1: 35 days, Phase 2: 60 days Unlimited
Profit Targets Phase 1: 10%, Phase 2: 5% Phase 1: 8%, Phase 2: 5% Phase 1: 8%, Phase 2: 5% 10%
Money Back Guarantee Yes Yes Yes Yes
Minimum Trading Days 3 0 5 0
Trading Leverage 4:20 Swing: 1:30 Regular: 1:100 4:20 1:30
Max Daily Loss 6% 5% 5% 3%
Weekend Holding No Yes Yes Yes
First Withdrawal 30 days since the first trade has been placed 14 Days 30 Days 7 Days
Free Repeat Yes Yes Yes No

Please note that this table represents the general rules and guidelines for each challenge. Each trader needs to carefully read and understand the specific terms and conditions of their chosen challenge before participating.

What are the Experiences of Other Traders?

The general consensus on The Funded Trader among traders in online platforms like Trustpilot and Reddit is quite favorable. The company has garnered a significant amount of positive feedback that emphasizes its high-profit splits, affordable pricing, clear and transparent rules, excellent customer service, active Discord community, and scalable account sizes.

One of the most appreciated aspects of The Funded Trader is its high-profit split, which can go up to 90%. This feature distinguishes it in the industry, as it allows traders to keep a larger portion of their profits. Many users have highlighted the affordable and competitive pricing of the program, making it accessible to many aspiring traders.

Transparency is a critical factor in maintaining trust between a company and its clients. The Funded Trader has been praised for its clear and transparent rules that allow traders to understand what’s needed to qualify for a funded account. The company’s customer service also stands out as a strength, with traders commending the quick and efficient resolution of their issues.

There are, however, a few common criticisms. Some traders have expressed dissatisfaction with the Know Your Customer (KYC) requirements, which can be stringent and cumbersome. Some have also reported occasional server issues, though it’s noted that the company is proactive in addressing such issues. Lastly, the lack of educational resources compared to other proprietary trading firms is seen as a drawback, although the active community forum partially mitigates this by providing a platform for traders to learn from each other.

In comparison to other funded trader programs, The Funded Trader holds a competitive edge primarily due to its high-profit splits, scalable account sizes, and its active community. It also scores highly on customer support, which can be an essential factor for traders, especially those new to the game.

Overall, The Funded Trader enjoys a good online reputation, boasting a commendable 4.5 score on Trustpilot based on 8,071 reviews. Despite some criticisms, many traders seem satisfied with their experience and the opportunities offered by the company. 

247trading Final Impressions on The Funded Trader Programs

Overall, The Funded Trader presents a unique and lucrative platform for retail traders to showcase their trading prowess and potentially scale their profits without personal financial risk. It offers a range of trading challenges catered to different trading styles and proficiency levels.

One of the most compelling aspects of The Funded Trader is its profit split, which at up to 90%, is one of the most generous in the industry. This ensures that traders get to keep a substantial portion of their profits. The company’s pricing structure is also very competitive, making it an affordable choice for aspiring traders.

The transparency in its rules and the streamlined evaluation process are commendable features that provide clarity to traders, reducing uncertainties in their path to a funded account. Also noteworthy is The Funded Trader’s robust customer service, which ensures that traders’ queries and issues are swiftly addressed.

However, The Funded Trader isn’t without its criticisms. Some traders find the KYC requirements tedious, and there have been reported server issues. The absence of educational resources, a feature often provided by other prop firms, may also be a drawback for novice traders seeking to learn as they trade.

It’s noteworthy that despite these criticisms, The Funded Trader holds a high rating on Trustpilot, suggesting overall customer satisfaction. Furthermore, the firm offers scalable accounts, providing successful traders the chance to manage larger accounts and thus potentially earn more profits.

When compared to other funded trader programs, The Funded Trader holds its ground firmly. The high-profit split, the affordability of the program, and the firm’s commitment to its traders’ success make it a competitive choice.

In light of these considerations, I would recommend The Funded Trader to prospective traders. It offers a unique opportunity to trade in a risk-free environment while earning a significant portion of the profits. As always, it’s essential for traders to understand the company’s trading rules and the demands of the trading challenges thoroughly before enrolling.

Summing it up, The Funded Trader is worth considering for those who are confident in their trading skills and looking for a platform to grow their profits without risking their own capital. It’s affordable pricing, high-profit split, transparent rules, and scalable account sizes make it an attractive choice in among the available funded trader programs.