Propreviews – Fxproptech

The Funded Trader

The Funded Trader Review

Pros

  • Six Distinct Funding Initiatives
  • Professional Trader Dashboard: Free Trial
  • A Wide Range of Trading Tools (Cryptocurrencies, Commodities, Indices, and Forex Pairs)
  • Leverage up to 1:200 with no restrictions on the maximum trading day.
  • Plan for Scaling
  • The first payout from the Knight & Dragon Challenge after seven days
  • Weekly and Biweekly Disbursements
  • Knight Pro Challenge Profit Share on-demand Payouts: 75% to 95% (depending on the challenge)
  • Swing accounts allow for weekend holding and news trading in addition to overnight holding.
  • Cost-effective Dragon Challenge Balance-based Rapid & Dragon Challenge Drawdown

Cons

  • The drawdown for Standard & Royal Challenge is equity-based.
  • Initial Rapid Challenge Maximum Drawdown of 8%
  • Minimum Requirements for Standard and Royal Challenges on Trading Days
  • Knight Pro & Knight Challenges’ trailing drawdown

The Funded Trader is looking for driven and skilled traders who can demonstrate their abilities in volatile market situations and assist their funds flourish. With the option to handle account sizes up to $200,000 and get up to 95% profit splits, traders have the chance to make significant earnings. Trading a variety of financial assets, such as commodities, indices, FX pairings, and cryptocurrencies, can help achieve this.

The-Funded-Trader-Program-Homepage

Who are The Funded Trader?

The Funded Trader is a proprietary trading company that was formed on May 12, 2021, under the legal name The Funded Trader LLC. They are run by CEO Angelo Ciaramello and are based in Liberty Hill, Texas. In collaboration with The Funded Trader, traders may select from six different account types, three two-step assessments, two one-step evaluations, and a three-step evaluation. Voyage Markets and Thaurus LTD as their brokers.

The Funded Trader headquarters are located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

Who is the CEO of The Funded Trader?

Angelo Ciaramello is a 29-year-old entrepreneur from New Jersey that has founded The Funded Trader in 2020. His business began as a startup that gamified retail trading in the capital markets. The objective was to provide individual traders a chance to fight for funding and to take the top place on the rankings scoreboard.

Angelo and his group were able to create a number of financing challenges that allow people to exchange the company’s funds and earn profit splits depending on a percentage. Being named one of the top 25 Financial Technology Leaders in New Jersey for 2022 is one of his greatest life accomplishments.

If you want to follow Angelo Ciaramello, you may do so by going to his Instagram and LinkedIn. This way, you will be able to see more of his posts and what he’s up to on a daily basis.

Funding Program Options

The Funded Trader offers six distinct financing program alternatives to its traders:

  • The Standard Challenge
  • Quick Challenge
  • The Royal Challenge
  • Knight Pro Challenge
  • The Knight Challenge
  • The Dragon Challenge

Standard Challenge

The Funded Trader The Standard Challenge gives traders the chance to handle account amounts between $5,000 and $200,000. Finding successful, disciplined traders who can effectively manage risk over the course of the two-step evaluation period is the goal. During both assessment stages and after funding, the Standard Challenge permits you to trade with leverage up to 1:200 and 1:100, respectively.

Account SizePrice
$5,000$65
$10,000$129
$25,000$199
$50,000$299
$100,000$499
$200,000$1,135

Evaluation phase one calls for a trader to attain a profit target of 10% without losing more than their 5% maximum daily loss or the 10% maximum loss rule. In terms of time restrictions, you need to note that you don’t have any maximum trading day requirements in phase one. Instead, you’re mandated to trade at least three trading days to move on to phase two.

Phase two of evaluation requires a trader to hit a 5% profit target while not exceeding their 5% maximum daily loss or 10% maximum loss rules. Regarding time constraints, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of three trading days in order to progress to a funded account.

You receive a funded account with no minimum withdrawal by completing both the evaluation phases. You must respect the 5% maximum daily loss and 10% maximum loss rules only. Your first payout will be after 21 calendar days from the day when you placed your first position on your funded account. You can submit all other withdrawals bi-weekly. Based on how much profit you make on your funded account, your profit split will be 80% up to 90%.

Add-ons for The Funded Trader’s Standard Challenge

  1. EA’s Enabled

Standard Challenge Scaling Plan

There is a scaling strategy for the Standard Challenge as well. An account size increase of 25% of the original account size will be granted to traders who are successful for at least two of the previous three months, with either an average return of 6% over the three months or a return of 2% each month throughout the three months. Once the trader scales their Standard Challenge for the first time, the profit split rises to 90%.

For instance:

Three months later, a $100,000 account that qualifies rises to $125,000.

An eligible $125,000 account grows to $150,000 after the next three months.
An eligible $150,000 account rises to $175,000 after the next three months.

And so forth.

Standard Challenge Trading Rules & Objectives

  • Profit Target – To successfully complete an assessment phase, withdraw winnings, or scale their trading account, traders must reach a specified profit %. While Phase 2 calls for achieving a profit objective of 5%, Phase 1 has a 10% profit target. There are no set profit goals for funded accounts.
  • Maximum Daily Loss – The most amount of money a trader may lose in a single trading day without violating their account. The maximum daily loss for all account sizes is 5%. (6% with an add-on)
  • Maximum Loss – The most amount that a trader can lose in total without violating the terms of the account. The maximum loss for all account sizes is 10%. (12% with an add-on)
  • Minimum Trading Days – The bare minimum of time you have to trade before you can successfully complete an assessment phase. A minimum of three trading days is required for both evaluation rounds.
  • No Martingale – It is against the law for traders to use any kind of martingale method when trading.
  • No Weekend Holding – All deals should be concluded before the Friday market closing since traders are not allowed to hold trades over the weekend. (Trades in Swing Standard Challenge may take place over the weekend)
  • No Expert Advisors – It would appear from this that traders are not allowed to use Expert Advisor services while trading. (Expert Advisors with Add-on are permitted)

Rapid Challenge

The Funded Trader Account sizes ranging from $5,000 to $200,000 can be managed by traders using Rapid Challenge. Finding successful, disciplined traders who can effectively manage risk over the course of the two-step evaluation period is the goal. You can use leverage up to 1:100 while trading the Rapid Challenge.

Account SizePrice
$5,000$79
$10,000$129
$25,000$229
$50,000$299
$100,000$499
$200,000$899

The evaluation phase one means that the trader must be able to get to the profit target at 8% without violating either the maximum daily loss of 5% or the 8% maximum loss rule. As for time limits, it is also important to note that you do not have a minimum and maximum trading day at this point. You simply need to achieve the profit target at 8% without breaking the maximum daily or maximum loss limit rules in order to move into phase two.

In evaluation phase two, you must meet a 5% profit target without violating your maximum daily loss or maximum loss limit rules at 5% or 8%, respectively. Lastly, concerning time constraints, you are allowed no minimum or maximum trading day limits in phase two. For phase two, all you must do to attain funded status is to reach the 5% profit target without breaking the maximum daily or maximum loss limit rules.

Completing both evaluation phases will award you a funded account with no minimum withdrawal requirements. You simply need to respect the 5% maximum daily loss and 8% maximum loss rules. The first payout can be requested 14 calendar days after you place your first position on your funded account, and subsequent withdrawals may also be requested bi-weekly. Your split on profit will depend on what profits you make on your funded account, 80% to 90%.

Add-ons for The Funded Trader’s Rapid Challenge

  1. Weekly Withdrawals

Rapid Challenge Scaling Plan

There is a scaling strategy for the Rapid Challenge as well. A trader is entitled for a 10% account increase each time a withdrawal exceeds 10% of their beginning account balance if they make a profit of 10% or more during a single profit split period. Once the trader scales their Rapid Challenge for the first time, the profit share rises to 90%.

Example:

Account SizeGenerated ProfitScaled Account Size
$100,000Over 10%$110,000
$110,000Over 10%$120,000
$120,000Over 10%$130,000
$130,000Over 10%$140,000

Rapid Challenge Trading Rules & Objectives

  • Profit Target – To successfully complete an assessment phase, withdraw winnings, or scale their trading account, traders must reach a specified profit %. While Phase 2 calls for achieving a profit objective of 5%, Phase 1 has a profit target of 8%. There are no set profit goals for funded accounts.
  • Maximum Daily Loss – The most amount of money a trader may lose in a single trading day without violating their account. The maximum daily loss for all account sizes is 5%.
  • Maximum Loss – The most amount that a trader can lose in total without violating the terms of the account. The maximum loss for all account sizes is 8%.
  • No Martingale – It is against the law for traders to use any kind of martingale method when trading.
  • No Weekend Holding – All deals should be concluded before the Friday market closing since traders are not allowed to hold trades over the weekend. (Swing Rapid Challenge has the ability to do trades on the weekends)
  • No Expert Advisors – It would appear from this that traders are not allowed to use Expert Advisor services while trading.

Royal Challenge

The Funded Trader Royal Challenge gives traders the chance to handle account amounts between $5,000 and $200,000. Finding successful, disciplined traders who can effectively manage risk over the course of the two-step evaluation period is the goal. You can use leverage to trade up to 1:50 in the Royal Challenge.

Account SizePrice
$5,000$60
$10,000$120
$25,000$189
$50,000$289
$100,000$489
$200,000$1,158

The first evaluation phase requires a trader to reach an 8% profit target without exceeding the 5% maximum daily loss or 10% maximum loss rules. In terms of time restrictions, note that you have no maximum trading day requirements during phase one. However, you must trade at least five trading days to advance to phase two.

Phase two of the evaluation process demands that a trader attain a 5% profit target without violating the 5% maximum daily loss or 10% maximum loss rules. In terms of time limits, keep in mind that you have no maximum trading day requirements during phase two. On the other hand, you will need to trade at least five trading days to move forward to a funded account.

Upon completion of both evaluation phases, you will be given a funded account with no minimum withdrawal requirements, and you must only respect the maximum 5% daily loss rules and the maximum 10% loss rules. Your first payout is after 30 calendar days from the date you place your first position on your funded account, while all other withdrawals you can submit are bi-weekly. Based on the profit you make on your funded account, your profit split will be 75% up to 90%.

Add-ons for The Funded Trader’s Royal Challenge

  1. First Withdrawal After 14 Calendar Days

Royal Challenge Scaling Plan

There is a scaling strategy for the Royal Challenge as well. An account size increase of 25% of the original account size will be granted to traders who are successful for at least two of the previous three months, with either an average return of 6% over the three months or a return of 2% each month throughout the three months. Once the trader scales their Royal Challenge for the first time, the profit split rises to 90%.

For instance:
Three months later, a $100,000 account that qualifies rises to $125,000.

  1. An eligible $125,000 account grows to $150,000 after the next three months.
  2. An eligible $150,000 account rises to $175,000 after the next three months.

And so forth.

Royal Challenge Trading Rules & Objectives

  • Profit Target – To successfully complete an assessment phase, withdraw winnings, or scale their trading account, traders must reach a specified profit %. While Phase 2 calls for achieving a profit objective of 5%, Phase 1 has a profit target of 8%. There are no set profit goals for funded accounts.
  • Maximum Daily Loss – The most amount of money a trader may lose in a single trading day without violating their account. The maximum daily loss for all account sizes is 5%.
  • Maximum Loss – The most amount that a trader can lose in total without violating the terms of the account. The maximum loss for all account sizes is 8%. 
  • Minimum Trading Days – The bare minimum of time you have to trade before you can successfully complete an assessment phase. There is a five-day minimum trading day requirement for both evaluation periods.
  • No Martingale – It is against the law for traders to use any kind of martingale method when trading.

Knight Pro Challenge

The Funded Trader The Knight Pro Challenge gives traders the chance to handle account amounts between $5,000 and $200,000. During a one-step review phase, the goal is to find successful, disciplined traders who can effectively manage risk. Up to 1:30, you can trade with leverage in the Knight Pro Challenge.

Account SizePrice
$5,000$65
$10,000$105
$25,000$195
$50,000$295
$100,000$495
$200,000$945

A trader must hit a 10% profit objective during the assessment period without going over their 5% daily loss or 8% trailing loss limits. Regarding time constraints, keep in mind that during phase one, there are no criteria for the maximum number of trading days. To go on to funded status, though, you must have at least three profitable trading days.

You are given a funded account with no minimum withdrawal limitations after passing the evaluation process. Only the 5% daily loss cap and the 8% trailing loss cap must be adhered to. All subsequent withdrawals can also be made on-demand, however, your initial payment is on-demand from the moment you put your first position on your funded account. Depending on how much you make on your funded account, your profit split might range from 80% to 95%.

Knight Pro Challenge Scaling Plan

There is a scaling strategy for the Knight Pro Challenge as well. An account size increase of 25% of the original account size will be granted to traders who are successful for at least two of the previous three months, with either an average return of 6% over the three months or a return of 2% each month throughout the three months. Through the scaling plan, the maximum daily loss, maximum trailing loss, and profit split may all climb by up to 95%, 6%, and 10%, respectively.

For instance:

Three months later, a $100,000 account that qualifies rises to $125,000.
An eligible $125,000 account grows to $150,000 after the next three months.

Three Months Later: A qualified $150,000
A eligible $150,000 account rises to $175,000 after the next three months.

And so forth.

Knight Pro Challenge Trading Rules & Objectives

  • Profit Target – For the evaluation phase, funded account traders must attain a stipulated profit percentage for successfully ending it, withdrawing their profits, or increasing their trading accounts. The profit target of an evaluation phase is 10%. For a funded account, no such targets of profits exist.
  • Maximum Daily Loss – The maximum daily loss, which a trader is allowed to incur during any one day so that he doesn’t compromise the account. For every size of accounts, a maximum daily loss exists which is 5%.
  • Maximum Trailing Loss – The difference between the maximum reached account balance and the drawdown’s lowest point decides how much a trader may lose in trailing loss before hitting the account. All account sizes are capped at 8% of trailing loss.
  • Minimum Profitable Trading Days – The minimum profitable trading day requirement you must achieve before you can successfully conclude an evaluation phase. The evaluation phase has a 3 minimum profitable trading day requirement, where you have to make a profit of 0.25% per day.
  • No Martingale – The traders are not allowed to use any form of martingale strategy in their trading.
  • Consistency Rule – Mandates traders to maintain uniformity in a number of different aspects such as position sizes, risk management, losses, gains and more. It means that the characteristics of the results of the accounts should not exhibit significant variances. Your best trading day profits shouldn’t exceed 50 percent of your overall profits. (Only applicable for Funded Status)

Knight Challenge

The Funded Trader Knight Challenge gives traders the chance to handle account amounts between $5,000 and $200,000. During a one-step review phase, the goal is to find successful, disciplined traders who can effectively manage risk. You can use leverage to trade in the Knight Challenge up to 1:30.

Account SizePrice
$5,000$59
$10,000$99
$25,000$189
$50,000$289
$100,000$489
$200,000$939

A trader must hit a 10% profit objective during the assessment phase without going over their 3% daily loss or 6% trailing loss limits. Regarding time constraints, keep in mind that during phase one, there are no minimum or maximum trading day limits. You simply need to meet the 10% profit goal without going over the maximum daily or maximum trailing loss limit guidelines in order to go on to funded status.

You are given a funded account with no minimum withdrawal limitations after passing the evaluation process. Only the 3% daily loss cap and the 6% trailing loss cap must be adhered to. Seven calendar days after you put your first position on your funded account, you will get your first reward, while all Weekly withdrawals can also be made in different ways. 80% to 90% of your earnings will be divided, depending on how much you generate on your funded account.

Add-ons for The Funded Trader’s Knight Challenge

  1. Additional Drawdown (4% Maximum Daily Loss & 7% Maximum Trailing Loss)

Knight Challenge Scaling Plan

There is a scaling strategy for the Knight Challenge as well. An account size increase of 25% of the original account size will be granted to traders who are successful for at least two of the previous three months, with either an average return of 6% over the three months or a return of 2% each month throughout the three months. After the trader scales their Knight Challenge for the first time, the profit split rises to 90% and the maximum daily loss rises to 4% (if not acquired as an add-on).

For instance:

  • Three months later, a $100,000 account that qualifies rises to $125,000.
  • An eligible $125,000 account grows to $150,000 after the next three months.

Following the Next Three Months: An eligible $150,000 account grows to reach $175,000 instead.
And so forth.

Knight Challenge Trading Rules & Objectives

  • Profit Target – To successfully complete an assessment phase, withdraw winnings, or scale their trading account, traders must reach a specified profit %. For the assessment phase, a 10% profit objective is set. There are no set profit goals for funded accounts.
  • Maximum Daily Loss – The most amount of money a trader may lose in a single trading day without violating their account. The maximum daily loss for all account sizes is 3%. (4% after scaling for the first time or with Add-on)
  • Maximum Trailing Loss – The greatest trailing loss a trader may sustain without violating the account is determined by the difference between the highest account balance attained and the lowest point of the decline. The maximum trailing loss for all account sizes is 6%. (7% with an add-on)
  • No Martingale – It is against the law for traders to use any kind of martingale method when trading.

Dragon Challenge

The Funded Trader Dragon Challenge gives traders the chance to handle account amounts between $5,000 and $100,000. Finding successful, disciplined traders who can effectively manage risk throughout the course of the three-step evaluation period is the goal. The Dragon Challenge allows you to trade with leverage up to 1:100.

Account SizePrice
$5,000$49
$10,000$99
$25,000$135
$50,000$205
$100,000$355

In phase one, a trader needs to hit an 8% profit target without violating their 5% maximum daily loss rule or the 10% maximum loss rules. As for time constraints, note that you have no minimum or maximum trading day requirement in phase one. In order to transition into phase two, you only need to hit the 8% profit target without violating the maximum daily or maximum loss limit rules.

Phase two of the evaluation requires a trader to achieve a profit target of 5% without exceeding their 5% maximum daily loss or 10% maximum loss rules. As far as time constraints are concerned, you have no minimum or maximum trading day requirements during phase two. To enter phase three, you only need to achieve the 5% profit target without violating the maximum daily or maximum loss limit rules.

Three will also demand that a trader attain a profit target of 5 percent as it works such that at no time will it pass above your 5 percent maximum loss per day or 10 percent maximum loss rules. And in terms of time restriction, note that you needn’t have minimum or maximum trading days in phase three in order to go to the funded status. You must only attain the 5 percent profit target without surpassing the maximum daily and/or maximum loss limit rules.

By completing all three evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted weekly. Your profit split will be 75% up to 95% based on the profit you make on your funded account. You should also note that you are able to scale your maximum daily drawdown up to 7% and maximum drawdown up to 12%.

Add-ons for The Funded Trader’s Dragon Challenge

  1. 95% Profit Split

Dragon Challenge Scaling Plan

The Dragon Challenge also has a scaling plan.

Dragon Challenge Trading Rules & Objectives

  • Profit Target – To successfully complete an assessment phase, withdraw winnings, or scale their trading account, traders must reach a specified profit %. While Phase 2 and Phase 3 need achieving a profit objective of 5%, Phase 1 has a profit target of 8%. There are no set profit goals for funded accounts.
  • Maximum Daily Loss – The most amount of money a trader may lose in a single trading day without violating their account. The maximum daily loss for all account sizes is 5%. (Adjustable to 7% scale)
  • Maximum Loss – The most amount that a trader can lose in total without violating the terms of the account. The maximum loss for all account sizes is 10%. (Adjustable to 12%).
  • No Martingale – It is against the law for traders to use any kind of martingale method when trading.
  • No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Dragon Challenge can hold trades during the weekend)

What Makes The Funded Trader Different From Other Prop Firms?

The Funded Trader differs from most industry-leading prop firms because of offering six different types of accounts: three two-step reviews, two one-step reviews, and a three-step review. In addition, they also have many positive features, like specific add-ons for certain Challenge accounts, unlimited trading time, weekly and bi-weekly withdrawal, and Dragon Challenge at a very cheap price.

The Standard Challenge of the Funded Trader is a two-step review that demands the traders to win two phases in order to be qualified for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also do not have any maximum trading day requirements during either of the evaluation phases. However, you do have to trade for at least 3 calendar days in each of the evaluation phases. The Standard Challenge also has a unique scaling plan that allows traders to manage even bigger account sizes. In comparison, other funding programs under the industry are truly different only when considering the unlimited trading period, an EA-enabling add-on feature, and bi-weekly future payouts.

Example of comparison between The Funded Trader & FXIFY

Trading ObjectivesThe Funded Trader (Standard)FXIFY
Phase 1 Profit Target10%10%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days3 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%75% up to 90%

Example of comparison between The Funded Trader & E8 Markets

Trading ObjectivesThe Funded Trader (Standard)E8 Markets
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%4%
Maximum Daily Loss5%4%
Maximum Loss10%8% (Scaleable up to 14%)
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%80%

Example of comparison between The Funded Trader & Funding Pips

Trading ObjectivesThe Funded Trader (Standard)Funding Pips
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5% (Scaleable up to 7%)
Maximum Loss10%10% (Scaleable up to 14%)
Minimum Trading Days3 Calendar Days3 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%60% up to 100% + Monthly Salary

The Funded Trader’s Before traders are eligible for payments, they must successfully complete two steps of the Rapid Challenge examination. With a daily maximum of 5% and a maximum loss of 8%, the profit aim is 8% in phase one and 5% in phase two. Additionally, you are not subject to any minimum or maximum trading day limitations throughout any of the assessment stages. Additionally, the Rapid Challenge offers a special scaling strategy that enables traders to handle increasingly bigger account amounts. The Rapid Challenge is distinct from other industry financing schemes primarily because of its unrestricted trading duration, balance-based drawdown, and bi-weekly withdrawals.

Example of comparison between The Funded Trader & Fintokei

Trading ObjectivesThe Funded Trader (Rapid)Fintokei
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss8%10%
Minimum Trading DaysNo Minimum Trading Days3 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%80% up to 95%

Example of comparison between The Funded Trader & FundedNext

Trading ObjectivesThe Funded Trader (Rapid)FundedNext (Stellar)
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss8%10%
Minimum Trading DaysNo Minimum Trading Days5 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%80% up to 95%

Example of comparison between The Funded Trader & Funded Trading Plus

Trading ObjectivesThe Funded Trader (Rapid)Funded Trading Plus (Advanced)
Phase 1 Profit Target8%10%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss8%10% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80% up to 90%80% up to 100%

The Funded Trader’s Before traders are eligible for payments, they must successfully complete two steps of the Royal Challenge examination. Phase one and phase two profit targets are 8% and 5%, respectively, with daily maximums of 5% and 10%, respectively. During any assessment phase, you are also not subject to any maximum trading day limitations. However, throughout each evaluation phase, you must trade for at least five calendar days. Additionally, the Royal Challenge offers a special scaling strategy that enables traders to oversee even bigger account amounts. The Royal Challenge distinguishes itself from other industry financing schemes primarily by offering an indefinite trading time, permitting Expert Advisors, and bi-weekly withdrawals.

Example of comparison between The Funded Trader & FTMO

Trading ObjectivesThe Funded Trader (Royal)FTMO
Phase 1 Profit Target8%10%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days5 Calendar Days4 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split75% up to 90%80% up to 90%

Example of comparison between The Funded Trader & Smart Prop Trader

Trading ObjectivesThe Funded Trader (Royal)Smart Prop Trader (Standard)
Phase 1 Profit Target8%7%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%4%
Maximum Loss10%8% (Scaleable up to 28%)
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split75% up to 90%75% up to 95%

Example of comparison between The Funded Trader & FXIFY

Trading ObjectivesThe Funded Trader (Royal)FXIFY
Phase 1 Profit Target8%10%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days5 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 1: UnlimitedPhase 2: Unlimited
Profit Split75% up to 90%75% up to 90%

The Funded Trader’s Before being eligible for payments, traders must successfully finish a single phase of the Knight Pro Challenge evaluation. With a daily maximum of 5% and a maximum trailing loss of 8%, the profit objective is 10%. During any assessment phase, you are also not subject to any maximum trading day limitations. However, throughout the assessment process, you must have at least three profitable trading days. Additionally, the Knight Pro Challenge offers a special scaling strategy that enables traders to oversee even bigger account amounts. The primary features that set the Knight Pro Challenge apart from other industry financing programs are its unrestricted trading term, above-average daily and maximum drawdowns, and on-demand rewards.

Example of comparison between The Funded Trader & Goat Funded Trader

Trading ObjectivesThe Funded TraderGoat Funded Trader
Profit Target10%10%
Maximum Daily Loss5%4%
Maximum Loss8% (Trailing)6%
Minimum Trading Days3 Profitable DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 95%75% up to 95%

Example of comparison between The Funded Trader & FTUK

Trading ObjectivesThe Funded TraderFTUK
Profit Target10%10%
Maximum Daily Loss5%4%
Maximum Loss8% (Trailing)8% (Trailing)
Minimum Trading Days3 Profitable Days4 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 95%50% up to 80%

Example of comparison between The Funded Trader & Funding Pips

Trading ObjectivesThe Funded TraderFunding Pips
Profit Target10%10%
Maximum Daily Loss5%4% (Scaleable up to 6%)
Maximum Loss8% (Trailing)6%  (Scaleable up to 10%)
Minimum Trading Days3 Profitable Days3 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 95%80% up to 100% + Monthly Salary

The Funded Trader’s Before traders are eligible for payments, they must successfully finish a single phase of the Knight Challenge evaluation. With a daily maximum of 3% and a maximum trailing loss of 6%, the profit objective is 10%. Additionally, during the assessment period, there are no minimum or maximum trading day limitations. Additionally, the Knight Challenge offers a special scaling strategy that enables traders to oversee increasingly bigger account amounts. The Knight Challenge distinguishes itself from other industry financing schemes primarily by offering weekly withdrawals, a daily drawdown and maximum drawdown add-on, and an infinite trading term.

Example of comparison between The Funded Trader & PipFarm

Trading ObjectivesThe Funded TraderPipFarm (Static)
Profit Target10%12%
Maximum Daily Loss3% (4% with Add-on)3%
Maximum Loss6% (Trailing)(7% with Add-on)6%
Minimum Trading DaysNo Minimum Trading Days3 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 90%70% up to 95%

Example of comparison between The Funded Trader & Funded Trading Plus

Trading ObjectivesThe Funded TraderFunded Trading Plus
Profit Target10%10%
Maximum Daily Loss3% (4% with Add-on)4%
Maximum Loss6% (Trailing)(7% with Add-on)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 90%80% up to 100%

Example of comparison between The Funded Trader & MyFundedFX

Trading ObjectivesThe Funded TraderMyFundedFX
Profit Target10%10%
Maximum Daily Loss3% (4% with Add-on)4% (Scaleable up to 6%)
Maximum Loss6% (Trailing)(7% with Add-on)6% (Trailing)(Scaleable up to 12%)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 90%80% up to 92.75%

The Funded Trader’s Traders must successfully finish the three stages of the Dragon Challenge assessment in order to be eligible for awards. Phase one, two, and three profit targets are 8%, 5%, and 5%, respectively, with daily maximums of 5% and 10%, respectively. Additionally, you are not subject to any minimum or maximum trading day limitations throughout the three assessment stages. Additionally, traders can handle even bigger account sizes because of the Dragon Challenge’s innovative scaling strategy. The primary features that set the Dragon Challenge apart from other industry funding programs are its weekly withdrawals, balance-based drawdown, limitless trading duration, and reasonable evaluation costs.

Example of comparison between The Funded Trader & E8 Markets

Trading ObjectivesThe Funded TraderE8 Markets
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%4%
Phase 3 Profit Target5%4%
Maximum Daily Loss5% (Scaleable up to 7%)4%
Maximum Loss10% (Scaleable up to 12%)8% (Scaleable up to 14%)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 3: UnlimitedPhase 1: UnlimitedPhase 2: UnlimitedPhase 3: Unlimited
Profit Split75% up to 95%80%

Example of comparison between The Funded Trader & The5ers

Trading ObjectivesThe Funded TraderThe5ers (Bootcamp)
Phase 1 Profit Target8%6%
Phase 2 Profit Target5%6%
Phase 3 Profit Target5%6%
Maximum Daily Loss5% (Scaleable up to 7%)❌ (3% Daily Pause Once Funded)
Maximum Loss10% (Scaleable up to 12%)5% (4% Once Funded)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: UnlimitedPhase 2: UnlimitedPhase 3: UnlimitedPhase 1: UnlimitedPhase 2: UnlimitedPhase 3: Unlimited
Profit Split75% up to 95%50% up to 100%

In conclusion, The Funded Trader differs from other industry-leading prop firms by providing two one-step assessments, three two-step evaluations, and a three-step evaluation as part of their six distinct account types. They also provide a lot of beneficial features, such weekly and biweekly withdrawals, limitless trading periods, add-ons for certain Challenge accounts, and an inexpensive Dragon Challenge.

Is Getting The Funded Trader Capital Realistic?

It is important to review the achievability of trading requirements when considering proprietary trading firms that align with your style of forex trading. What might look attractive with a high percentage profit split on a generously funded account drops its practicality if they are demanding substantial monthly gains with minimal maximum drawdown percentages, significantly reducing your chance of success. In addition, a study of time constraints should be made, and it is more favorable to have an unlimited trading period since there is no pressure associated with the time constraint. Lastly, the rules governing trading should be known during the evaluation stage and subsequent funding stages in order to avoid accidentally breaking your trading account terms.

  • Receiving capital from the Standard Challenge is achievable primarily due to its average profit targets (10% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). No maximum trading day requirement, but a minimum trading day requirement of 3 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.
  • Receiving capital from the Rapid Challenge is realistic primarily due to its relatively modest profit targets (8% in phase one and 5% in phase two) coupled with slightly below-average maximum loss rules (5% maximum daily and 8% maximum loss). The beauty is that it does not have minimum and maximum trading day requirements, meaning you can start fast in a day or at your own pace, but on the other hand, having passed both evaluation phases means that participants are eligible to receive payouts with an advantageous profit split of 80% up to 90%.
  • Receiving capital from the Royal Challenge is realistic majorly due to its modest profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). Of course, there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Moreover, after both the evaluation rounds are passed, participants are eligible for payments with a favorable profit sharing ratio of 75% to 90%.
  • Receiving capital from the Knight Pro Challenge is achievable mainly because of its average profit target of 10% combined with above-average maximum loss rules (5% maximum daily and 8% maximum trailing loss). It is worth noting that you have no minimum trading day requirements but a minimum of 3 profitable trading day requirements in the evaluation phase. Moreover, after passing the evaluation phase, participants get paid out with an excellent profit split of 80% up to 95%.
  • The chances of receiving capital from the Knight Challenge are real and mainly because of its 10% average profit target and average maximum loss rules at 3% maximum daily and 6% maximum trailing loss. There are no minimum or maximum trading day requirements, allowing flexibility without any time limit, meaning that you can secure funding within a day or proceed at your desired trading pace. In addition, when completing the evaluation phase successfully, participants are eligible for payouts that contain a favorable profit share of 80% to 90%.
  • Receiving capital from Dragon Challenge is feasible mostly due to its relatively modest targets for profit, in contrast to the extra evaluation phase (8% in the first phase, 5% in the second phase, and 5% in phase 3) in conjunction with average maximum loss rules (5% maximum loss per day and 10% maximum loss). There are no minimum or maximum day requirements for trading, so you can fund flexibly without time constraints; get funded in a day when you need to or invest at your preferred trading pace, and after completing all of the three evaluation phases in succession, you are qualified to receive payouts with a strong profit split of 75% up to 95%.

All the above considerations make The Funded Trader highly recommended because you have six different funding programs to choose from, three two-step evaluations, two one-step evaluations, and a three-step evaluation, all of which have realistic trading objectives and conditions to qualify for payouts.

Payment Proof

The Funded Trader is a private trading company that was established on May 12, 2021. They have a sizable trading community that has attained funded status and is eligible for a profit split.

While working with The Funded Trader as well as achieving funded status with the Standard, Rapid, or Royal Challenge. The Standard Challenge will allow you to get your first reward after 21 calendar days, the Rapid Challenge after 14 calendar days, and the Royal Challenge after 30 calendar days. (add-on, 14 calendar days) However, if you surpass the original account amount every 14 calendar days following your first payout, you will be eligible for dividends. Depending on how much money you made from your Standard or Rapid Challenge, you will receive a substantial profit share of 80% to 90%. However, depending on the amount of money you made from your Royal Challenge, your profit split will range from a generous 75% to 90%.

However, while working with The Funded Trader after just seven calendar days, you will be qualified to receive your first reward after achieving funded status with the Knight or Dragon Challenge. However, if you surpass the original account amount every seven calendar days following your first payout, you will be entitled to receive rewards. Based on the profit you made from your funded Knight Challenge, you will receive a great profit split of 80% to 90%, while you will receive a substantial profit split of 75% to 95% from the Dragon Challenge.

And lastly, while working with The Funded Trader By fulfilling the consistency requirements, you will be qualified to get your first reward on-demand after achieving funded status with the Knight Pro Challenge. However, if the consistency requirements are satisfied, you will also be qualified to receive dividends beyond your initial payout if you surpass your original account size on an as-needed basis. Depending on the profit you made from your financed Knight Pro Challenge, you will receive a substantial profit share of 80% to 95%.

When it comes to The Funded Trader payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of The Funded Trader is their Discord channel, where you can find numerous payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does The Funded Trader Use?

The Funded Trader is partnered with Voyage Markets and Thaurus LTD as their broker.

As for trading platforms, while you are working with The Funded Trader, they allow you to trade on cTrader or DXtrade if you choose Voyage Markets, on MetaTrader 5 if you choose Thaurus LTD, and on Match-Trader.

Trading Instruments

As mentioned above, The Funded Trader is partnered with Voyage Markets and Thaurus LTD, and they let you to trade a variety of trading instruments, such as commodities, indices, FX pairings, and cryptocurrencies, with leverage as high as 1:200, contingent on the trading instrument and challenge you are taking part in.

Voyage Markets Forex Pairs

CAD/JPYCHF/JPYEUR/CADEUR/CHFEUR/GBPEUR/JPY
EUR/USDGBP/CADGBP/CHFGBP/JPYGBP/USDUSD/CAD
USD/CHFUSD/JPYAUD/CADAUD/CHFAUD/JPYAUD/NZD
AUD/USDCAD/CHFEUR/AUDEUR/NOKEUR/NZDEUR/SGD
GBP/AUDGBP/NZDNZD/CADNZD/CHFNZD/JPYNZD/USD
USD/NOKUSD/SEKUSD/SGDEUR/ZAREUR/HUFUSD/MXN
USD/ZAREUR/PLNUSD/TRYEUR/TRY

Voyage Markets Commodities

XAU/USDXAG/USDWTIBRENT

Voyage Markets Indices

AUS200ESTX50FRA40GER40JPN225
NAS100SPX500UK100US30

Voyage Markets Cryptocurrencies

BTC/USDBCH/USDETH/USDLTC/USD

Thaurus LTD Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/USDCAD/CHF
CAD/JPYCHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBP
EUR/HUFEUR/JPYEUR/NZDEUR/PLNEUR/TRYEUR/USD
GBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NZDGBP/USD
NZD/CADNZD/CHFNZD/JPYNZD/USDUSD/CADUSD/CHF
USD/JPYUSD/MXNUSD/NOKUSD/SEKUSD/SGDUSD/TRY
USD/ZARUSD/PLNUSD/HUF

Thaurus LTD Commodities

XAG/USDXAU/USDBRENTCL

Thaurus LTD Indices

ASXDAXDOWFTSENIKKEI
NSDQSPSTOXX50

Thaurus LTD Cryptocurrencies

BCH/USDBTC/USDETH/USDLTC/USD

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX7 USD / LOT
COMMODITIES3 USD / LOT (0 USD / LOT on Oil)
INDICES0 USD / LOT
CRYPTO0 USD / LOT

Spread Account

PlatformServerLogin NumberPasswordDownload Platform
MetaTrader 5Click here
cTraderClick here
DXtradeClick here
Match-TraderClick here
To check the live spreads, log in to the trading account below.

Education

The Funded Trader Provides the community with a comprehensive section about media and educational content, as outlined below in the following six categories:

  • Community Update – News and updates
  • Company Announcements – Latest announcements regarding TFT
  • FAQ – Video form of frequently asked questions
  • Podcasts – Educational podcasts with successful traders
  • Spanish FAQ – Video form of frequently asked questions in Spanish
  • Trader Interviews – TFT Trader interviews

In addition, we have a very detailed Blog section in the Media category. This includes educational content like these six categories:

  • Trader Interviews – Interviews of TFT Traders
  • Trading Psychology – Educational content about trading psychology
  • Trading Systems – Content for beginners
  • Trading Tips – Articles on trading tips and guides, as well as essential information about trading
  • Company Updates – Latest news of company updates
  • Industry News – Educational articles about changes in the prop industry

This firm, in particular, stands out to be an exclusive proprietary trading company offering a complimentary trial. This gives traders ample opportunity to acquaint themselves with and familiarize themselves with the trading conditions within the platform so that at such time they settle for any of the five evaluation programs they might not commit an error in operation.

And finally, The Funded Trader also offers its clients access to a professionally designed trader dashboard. Such risk management can be streamlined by offering the trader constant access to statistics and objectives, ensuring that everything is up to date every minute of the day. It improves user experience overall.

The Funded Trader Trading Dashboard

Trustpilot Feedback

The Funded Trader has gathered an average score on Trustpilot based on their community’s feedback.

On Trustpilot, The Funded Trader has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an average rating of 3.4 out of 5 from a substantial pool of 20,170 reviews. Notably, 69% of these reviews have awarded The Funded Trader the highest rating of 5 stars.

The first comment shows us The Funded Trader obtaining favorable recognition as a trustworthy business, with a community member expressing contentment and a trouble-free encounter. The customer expresses gratitude for the regular availability of discounts, prizes, awards, and promotions and hopes that this positive feature will continue to exist at its current level.

Additionally, The Funded Trader is hailed as a superb proprietary trading company that is frequently considered the finest in the sector. Low fees, narrow spreads, timely assistance, quick payments, and many more favorable aspects are among the client’s highlighted highlights. They make a compelling argument for TFT to anyone seeking to trade with a prop firm.

Social Media Statistics

The Funded Trader can also be found on numerous social media platforms.

Facebook14,000 Followers & 11,000 Likes
Instagram116,000 Followers
Telegram22,799 Members
Discord97,732 Members
YouTube84,000 Subscribers
Twitter82,600 Followers
Reddit4,400 Members
TikTok30,200 Followers & 250,500 Likes

Customer Support

Live Chat
Emailsupport@thefundedtraderprogram.com
Phone(888) 920-3079
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Help Center
WhatsApp
Messenger
Supported LanguagesEnglish, French, Portuguese, Spanish

Account Opening Process

  • Registration Form – Register with The Funded Trader by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your challenge type, account size, trading platform, broker, account type, and add-ons.
  • Choose Payment Method – Choose between a credit/debit card and cryptocurrency payment method after you have successfully applied our discount code.

Conclusion

In conclusion, The Funded Trader is a reliable and honest proprietary trading company offering traders a chance to choose among six funding programs: Standard, Rapid, and Royal Challenges, which are a two-step evaluation, the Knight Pro Challenge and Knight Challenge, which are one-step evaluations, and Dragon Challenge, which is a three-step evaluation.

The two-step evaluation known as the Standard Challenge from the Funded Trader’s account requires two phases to complete before a trader can gain eligibility to manage a funded account and enjoy 80% up to 90% profit splits. To get successfully funded, traders need to hit the profit targets set in phase one at 10% and in phase two at 5%. These are achievable trading goals given the 5% maximum daily and 10% maximum loss rules you need to abide by. As for your time limits, there’s no limit on trading days in either of the two assessment phases. However, during both evaluation phases, you are mandated to trade a minimum of 3 calendar days. Finally, it’s worth mentioning that the Standard Challenge has a scaling plan, offering you the possibility to multiply your initial account balance.

The Rapid Challenge of a Funded Trader is industry-standard two-step evaluation whereby one has to complete the two phases before being able to manage a funded account, and earning 80% up to 90% profit splits. Traders must achieve profit targets of 8% in phase one and 5% in phase two to be considered successfully funded. These are achievable trading goals, as you have a 5% maximum daily and 8% maximum loss rules to adhere to. As for time constraints, you have no minimum or maximum trading day requirements during both phases of evaluation, so you can trade at your own pace without any time constraints. Finally, it’s worth mentioning that the Rapid Challenge has a scaling plan, therefore giving you the opportunity to escalate your opening balance.

The Royal Challenge of The Funded Trader is the standard two-stage assessment common in the trading industry. These phases need to be successfully achieved before you are qualified to monitor a funded account and enjoy 75% up to 90% profit splits. Traders must achieve profit targets of 8% in phase one and 5% in phase two to be considered successfully funded. These are realistic trading goals, given you have a 5% maximum daily and 10% maximum loss rules that apply to your trading. Regarding time limits, you have no maximum trading day requirements during either evaluation phase. However, you must trade for at least 5 calendar days during each evaluation phase. Lastly, it is important to indicate that the Royal Challenge has a scaling plan, where you can increase your account balance from the initial stage.

The Funded Trader‘s Knight Pro Challenge is a one-step evaluation whereby you have to complete one phase before you qualify to run a funded account and share 80% up to 95% profit splits. To be successfully funded, you have to achieve a profit target of 10%. These are realistic trading objectives considering you have a 5% maximum daily and 8% maximum trailing loss rules to follow. In terms of time, you do not have a maximum trading day requirement in either of the evaluation phases. However, you must have at least 3 profitable trading days in the evaluation phase. It must also be noted that the Knight Pro Challenge does come with a scaling plan whereby you can scale up the initial account balance.

In the case of the Knight Challenge, The Funded Trader‘s evaluation is all in one step. Thus, to be eligible for funded account management and 80% up to 90% profit splits, there will need to be the completion of one phase. The 10% profit target must be met to be considered successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. In terms of time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, note that the Knight Challenge has a scaling plan. You will have to scale your initial account balance.

The Dragon Challenge with The Funded Trader goes through three-step evaluation requiring you to complete three stages before becoming eligible to actually manage a funded account as well as earn 75% up to 95% profit splits. Traders need to hit profit targets of 8% in phase one, 5% in phase two, and 5% in phase three to achieve successfully funded status. Those are realistic trading objectives since you have a 5% maximum daily and 10% maximum loss rule you will be bound by. You do not have any minimum or maximum trading day requirements for all three evaluation phases. This means that you are free to trade as many days as you wish within your preferred speed and there is no time constraint in this regard. Last but not least, note that the Dragon Challenge does include a scaling plan where you are allowed to scale your account balance.

I would recommend The Funded Trader to anyone looking for a reputable proprietary trading firm with excellent trading conditions in relation to the diverse personalities that have unique trading styles. They offer unique add-ons, such as unlimited trading periods, weekly and bi-weekly withdrawals, as well as an affordable Dragon Challenge.

After considering everything The Funded Trader offers to offer traders worldwide, they are without a doubt among the top prop businesses in the market.

What personal thoughts do you have about The Funded Trader and the services they provide?
Do they fit the services and trade circumstances you’ve been looking for?

Please leave a comment below if you liked our in-depth analysis of The Funded Trader!

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