The Funded Trader is a pioneering prop trading firm that offers aspiring traders the opportunity to trade with substantial capital without risking their own money. By completing a rigorous two-step evaluation process, traders can access accounts with balances up to $600,000 and earn up to 95% of the profits.
This innovative model not only democratizes access to trading capital but also fosters a supportive community through educational resources and a vibrant online presence. Discover how The Funded Trader is transforming the landscape of retail trading and empowering traders worldwide.
The Funded Trader Overview
| Key Feature | Details |
|---|---|
| CEO | Angelo Ciaramello |
| Platform | DXTrade, cTrader, Platform 5 |
| Payout Split | Upto 95% |
| Payouts | Anytime |
| Initial Maximum Drawdown | 8% |
| Headquarters | USA |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Funding Programs | Standard Challenge, Rapid Challenge, Royal Challenge, Knight Challenge, Dragon Challenge |
| Leverage | Upto 1:200 |
| Weekend Holding | Allowed |
| Contact | support@thefundedtrader.com |
| Trustpilot Rating | 3.6/5.0 |
For beginner traders who want to get the ball rolling, The Funded Trader might be the right choice. The Funded Trader goes that extra mile by providing simulated trading accounts and the opportunity to keep a significant portion of the profits. Let's take a detail look at how The Funded Trader works, their evaluation process, payout structure, and trading platforms.
The Funded Trader Coupons
The Funded Trader offers exciting discount opportunities for aspiring traders. By using our coupon code: TFTTOGETHER1, you can get a 35% OFF discount on your chosen trading challenge. The Funded Trader also provides regular promotional offers, such as By using our coupon code TFTUEFA20% you can get 20% OFF. These coupons make it more affordable to participate in their trading programs and earn outstanding profits.
What is The Funded Trader?
The Funded Trader is a proprietary trading firm that offers a merit-based funding program for retail traders. Instead of traders risking their own money, The Funded Trader provides them with a simulated account and balance to trade with. If the trader can prove their proficiency by meeting certain profit targets and following the trading rules, they get to keep a large percentage of the profits they generate, even though the capital belongs to the firm.
The company was founded by traders, for traders, with the goal of providing an opportunity for skilled individuals to access more substantial capital than they could on their own. The Funded Trader has quickly grown in popularity, with a thriving community on social media and Discord where traders share strategies and celebrate each other's successes.
The 2-Step Evaluation Process
To become a funded trader, applicants must first prove themselves through a two-step evaluation process:
- Step 1: The Challenge
In the first phase, known as “The Challenge”, traders must achieve a 10% profit target within a certain number of trading days, while not exceeding a maximum drawdown of 10%. There is no time limit to complete the challenge. Traders can execute trades in a simulated environment that replicates real market conditions.
For example, in the $100K Challenge, the profit target would be $10,000, and the max drawdown $10,000. The Challenge has a one-time fee to attempt, which varies based on the account size, but is fully refundable if the trader passes Step 2.
- Step 2: Verification
After completing The Challenge, traders proceed to a Verification stage. This step has the same rules as The Challenge but with half the profit target. So for the $100K Verification, the profit goal would be $5,000.
The purpose is to verify the trader's consistency and confirm they didn't just get lucky in passing Step 1. Once the Verification is completed, the trader officially receives a Funded Account with real capital from the firm.
- The Funded Account
After passing the two-step evaluation, traders are given a Funded Account and can begin trading with the firm's money. The profit split starts at 80%, so the trader keeps 80% of the profits generated. There are no limits on how much a trader can make.
Standard Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $1,135 |
Rapid Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $79 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
Royal Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $60 |
| $10,000 | $120 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $1,158 |
Knight Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
Dragon Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
Scaling Plan
Profitable traders are rewarded with the ability to scale up their account balance and profit potential. Each time a trader reaches a 10% profit target, The Funded Trader will increase their account by 25%, up to a maximum of $600,000.
So if a trader starts with a $100,000 account and makes $10,000 (10%), it will be increased to $125,000. The next 10% target would be $12,500 in profits to scale up to around $156,000, and so on. Accounts can be scaled all the way up to $600,000.
The Near-Perfect Payout Process
One of the most appealing aspects of The Funded Trader is the ability to receive real payouts, even though you're trading a simulated account. Payouts are processed quickly, within just 24-48 hours of a withdrawal request.
The profit split begins at 80% in the trader's favor. However, traders who qualify for the Scaling Plan can increase their profit share to as high as 90%. There are no limits on withdrawals.
Payouts were previously made via Wise (formerly TransferWise), but the company now only pays out in cryptocurrency, including USDC, USDT, ETH, and BTC, due to issues with Wise. This allows them to process payments rapidly with no caps on volume.
The Funded Trader’s Tactical Trading Platforms
The Funded Trader supports trading Forex pairs, commodities, indices, and cryptocurrencies (Bitcoin, Ethereum, Litecoin, Bitcoin Cash) on three platforms:
- DXTrade: This web-based platform is available exclusively to U.S. citizens and nationals. It requires no software download.
- cTrader: A popular online and mobile platform for international clients outside the U.S. Offers advanced charting and analysis tools.
- Platform 5: A proprietary web-based platform for international clients. Provides a streamlined trading experience.
FAQs related to The Funded Trader
What are the advantages of The Funded Trader compared to other prop firms?
Key advantages include low one-time fees to join, high-profit splits (80-90%), fast scaling opportunities for profitable traders, rapid payouts with no limits, and an active trader community.
What are the drawdown rules for the different challenges?
The max total drawdown is typically 10% for most challenges, calculated on the account balance. There are also daily drawdown limits, usually 5%, that reset each trading day. Some challenges are calculating drawdown based on equity or balance.
Can traders hold positions overnight and over weekends?
Yes, The Funded Trader allows holding positions overnight and over weekends for forex accounts. This is not allowed for stock accounts though.
Are The Funded Trader accounts real or simulated?
The Funded Trader provides simulated trading accounts that utilize real market quotes from liquidity providers. The accounts are not live trading accounts with real money.
Is there a limit to how many accounts I can have?
You can have any number of evaluation accounts. However, The Funded Trader will only fund a maximum of two simulated live accounts at a time per trader.
What happens if I fail an evaluation?
If you fail an evaluation, you will be offered the opportunity to reset and try again. Prices for programs and resets may change over time.
How are trades assessed for risk management?
All traders who reach the profit target have their trades assessed by a risk management team before receiving a funded account. Taking a small number of over-leveraged trades to hit targets quickly may not be approved.
Is there a trading community I can join?
Yes, The Funded Trader has an active Discord community that traders can join to connect with other funded traders, ask questions, and get support.
To Conclude
While Funded Trader may attract beginner traders, it is important to mention that only a small percentage of traders pass the 2-step Evaluation process. That’s why it is important to learn the ropes when it comes to trading. Having said that, it can still be done, all the best!
The Funded Trader program offers an exceptional opportunity for aspiring traders to elevate their skills and achieve financial independence. By providing access to capital, comprehensive training, and continuous support, it bridges the gap between potential and success. Whether you are a novice looking to break into the trading world or an experienced trader seeking to optimize your strategies, The Funded Trader equips you with the necessary tools and resources.
