The Funded Trader Review

A funded trader programme provides traders with a sizable amount of capital so they can use adequate leverage to benefit from their trades. Once this is accomplished, the proceeds are divided equally between the proprietary firm and you.

Every day, many people want to learn more about this subject, and success in the sector requires not only having a solid understanding of the fundamentals of trading but also managing your money effectively utilising sophisticated tools and platforms.

Many people are making money, learning trading techniques from a variety of online resources, but many still lack the means to generate significant returns. This is the rationale behind funded trader programmes. One of the top forex funded accounts programmes is The Funded Trader, created for successful and talented forex traders.

In this Funded Trader Review, I will take a look at what it is, how it works along with the pros and cons. Hopefully this can help you to decide if this is the right funded trading program for you. Now without further ado, let’s get right to it!

What is the Funded Trader?

The Funded Trader is a reputable forex prop company that provides traders from all over the world with money of up to $1,500,000. The business offers a substantial profit split of up to 90%, a number of ways to get funding, a strong sense of community, and, most crucially, excellent leverage.

The Funded Trader was developed by VVS Academy and Forex League, two very significant figures in the forex market who have been training traders for a while.

Regardless of how you feel about the forex mentors in the market, The Funded Trader has a very good offering, and the business is already competing with some of the largest names in the prop firm sector.

The Funded Trader Homepage
The Funded Trader Homepage

The Funded Trader Standard Challenge

The Funded Trader standard challenge account seeks to find dedicated and gifted traders who are rewarded for their consistency over the course of the two-phase evaluation period. You can trade with a leverage of 1:200 using the standard evaluation programme account. The swing analysis systems, however, let you trade with a leverage ratio of 1:60. The only other distinction is that, in contrast to standard accounts, swing accounts allow you to hold trades over the weekend.

In order to pass the first evaluation phase, a trader must hit their 10% profit target while adhering to their 6% daily loss or 12% overall loss limits. Within 35 calendar days of the day your first position is placed on your evaluation account, you must reach your profit goal. To move on to phase two, you must also trade for a minimum of three trading days.

In order to pass the second evaluation phase, a trader must hit a 5% profit target while staying within the 6% daily loss or 12% overall loss limits. You have 60 calendar days from the day your first position is placed on your evaluation account to reach your profit goal. In order to go on to a funded account, you must trade for a minimum of three trading days.

When you successfully complete both evaluation rounds, you are given a funded account without profit targets. You simply need to adhere to the 6% daily maximum loss, 12% overall loss, and lot size limit regulations. After 30 calendar days have passed since the day you opened your funded account, you will receive your first pay out. Please take note that following your initial pay out, all subsequent pay outs will be based on a bi-weekly basis. Based on the profit you generate on your funded account; your profit split will range from 80% to 90%.

The Funded Trader Rapid Challenge

By rewarding consistent traders over the two-phase evaluation period, the Funded Trader fast challenge account seeks to find serious and gifted traders. You can trade with a leverage of 1:100 using the standard evaluation programme account. The swing analysis software, however, enables you to trade with 1:30 leverage. The only other distinction is that, in contrast to standard accounts, swing accounts allow you to hold trades over the weekend.

In order to pass the first evaluation phase, a trader must meet an 8% profit target while adhering to their 5% daily loss or 8% maximum loss limits. Within 35 calendar days of the day your first position is placed on your evaluation account, you must reach your profit goal. You should be aware that moving on to phase two does not require a minimum number of trading days.

In order to pass the second evaluation phase, a trader must hit a 5% profit target without going over their 5% daily loss or 8% maximum loss limits. You have 60 calendar days from the day your first position is placed on your evaluation account to reach your profit goal. You should be aware that there is no requirement for a minimum trading day before you may proceed to a funded account.

When you successfully complete both evaluation rounds, you are given a funded account without profit targets. Only the 5% maximum daily loss, 8% maximum loss, and lot size limit regulations must be followed. Your first pay-out will be made 14 calendar days after you open your first position on your funded account, and all subsequent pay outs will also be made every two weeks.

The Funded Trader Royal Challenge

The Funded Trader royal challenge account seeks to find dedicated and gifted traders who are recognised for their consistency throughout the course of the two-phase evaluation period. You can trade with a leverage of 1:200 using the evaluation programme account.

In order to pass the first evaluation phase, a trader must hit their 8% profit target while adhering to their 10% maximum loss or 5% daily loss limits. Within 35 calendar days of the day your first position is placed on your evaluation account, you must reach your profit goal. To move on to phase two, you must also trade for a minimum of five trading days.

The second round of evaluation requires a trader to hit a 5% profit target while staying within their 5% daily loss or 10% maximum loss limits. You have 60 calendar days from the day your first position is placed on your evaluation account to reach your profit goal. In order to go on to a funded account, you must trade for a minimum of five trading days.

When you successfully complete both evaluation rounds, you are given a funded account without profit targets. Only the 5% maximum daily loss, 10% maximum loss, and lot size limit regulations must be followed. After 30 calendar days have passed since the day you opened your funded account, you will receive your first pay out. Please take note that following your initial pay out, all subsequent pay outs will be based on a bi-weekly basis. Based on the profit you generate on your funded account; your profit split will range from 80% to 90%.

Why choose the Funded Trader Program?

The Funded Trader differs from the majority of the best prop firms in the industry because it hardly ever regulates your trading approach. You can make trades during the news, overnight, and on the weekends.

The Funded Trader standard challenge programme, in contrast to other prop firms, is a two-phase evaluation programme that necessitates traders to complete both phases before being eligible for payments. 10% for the first phase and 5% for the second, with daily maximums of 6% and 12% losses, respectively, as well as lot size restrictions.

Before becoming funded, you must trade for a minimum of three days in each phase. A scaling plan is also a part of typical challenge programmes. They have average profit projections and relatively modest minimum trading day criteria when compared to other prominent prop companies in the industry.

The Funded Trader Scaling Plan

Scaling strategies are increasingly influencing the forex prop firm you seek funding from. When you complete a challenge and amass a sizable trading balance, you don’t want your quest to end there. Working with a company that can provide this growth is essential, and you should continue to anticipate seeing growth.

A scaling plan that is based on performance and compensates dependable traders is provided by The Funded Trader. In other words, the profits are evaluated every three months, which means you can get extra money four times a year. You might qualify if you’re profitable for at least two out of the three months. During those three months, you’ll need to generate a return of 6% or 2% on average per month. If you qualify, your capital will increase by 25% and you will be given the option of a 90% profit split. It’s also important to be aware that this will have a $1.5M maximum.

The scaling strategy is excellent and rewards consistent traders, which is exactly what we want. In reality, it resembles the scaling application provided by FTMO. In the market, there are more aggressive and quick-paced scaling plans. One example is DT4X Trader, which promises to double an account balance for every 10% of capital made. Nevertheless, both types of programmes have advantages.

Conclusion: is the Funded Trader a good prop firm?

Overall, I think that the Funded Trader is a good proprietary trading company that gives traders an opportunity to select from one of three funding options: Standard, Rapid, or Royal.

Industry-standard challenge programmes consist of a two-phase evaluation process that must be finished in order to be funded and qualify for profit sharing. Before becoming funded, the Funded Trader asks traders to meet profit targets of 10% in phase one and 5% in phase two, which are reasonable trading goals given that you must adhere to maximum daily and maximum loss limitations of 6% and 12%, respectively. Standard challenge programmes allow you to scale your accounts and earn up to 90% profit shares.

On the other hand, rapid challenge programmes are also industry-standard two-phase evaluation challenges that must be finished before becoming funded and being qualified to receive profit splits. Before getting funded, The Funded Trader asks traders to meet profit targets of 8% in phase one and 5% in phase two, which are reasonable trading goals given that you must adhere to a 5% daily maximum and 8% maximum loss regulation. Rapid challenge programmes allow you to scale your accounts while earning up to 90% profit splits.

Royal challenge programmes are also typical two-phase evaluation challenges in the market that must be finished before funding and eligibility for profit sharing. Before getting funded, The Funded Trader asks traders to meet profit targets of 8% in phase one and 5% in phase two, which are reasonable trading goals given that you must abide by the 5% daily maximum and 10% maximum loss rules. You can scale your accounts while earning up to 90% profit splits through royal challenge programmes.

To anyone seeking for a prop firm with simple trading guidelines, the Funded Trader is one of the best prop firms out there. They are a reputable prop company that provides great terms for a large group of people with various trading philosophies. The Funded Trader is undoubtedly one of the finest prop organisations in the market after taking into account everything they have to offer.

The Funded Trader

$289
8.3

Features

8.5/10

Challenges

8.5/10

Value

8.0/10

Pros

  • 90% profit split on scaling plan
  • Funding all the way up to $1.5M
  • Flexible leverage up to 1:200
  • Various challenges
  • Lots of positive feedback
  • Overnight and news trading allowed
  • Weekend holding is accepted
  • Great range of trading instruments

Cons

  • Currently no free trial
  • Could be overwhelming to new prop traders
  • Expert advisors not allowed