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The Funded Trader is a well-regarded and fast-growing forex company that was founded on May 12, 2021. They fund investors from all over the world with a total of $1,500,000. The company offers its traders a profit share as high as 90%, several funding options, a singular community of investors, and most importantly excellent leverage.
The Funded Trader has a US office located at 14001 W HWY 29, Suite 102, Liberty Hill, Texas. The Funded Trader provides its traders the opportunity to work with a capital of up to $1,500,000 in balance and profit percentages of up to 90%. Regarding brokers, they work with Eightcap and Purple Trading Seychelles.
Table of Contents:
Funding Program Options
The Funded TraderProgram offers four standard account sizes as well as a two-phase evaluation process to traders. There are two types of challenges: standard and rapid. You must pass their challenge, like with other prop firms, before you can acquire funding. There is also a one-time fee necessary to begin the challenge, which is non-refundable if you fail.
In the industry, the Standard challenge is very standard. There is the challenge and verification approach, which most prop firms commonly use.
The Rapid challenge, on the other hand, allows traders to be funded and obtain their first payment quickly. This is because the challenge has no minimum trading days, which means you may complete the challenge and get paid in one day if you are able.
A trader must maintain a professional level of risk management and consistency to get up to a 90 percent profit share and biweekly rewards. They can apply for the Scaling Plan if they continue to trade consistently. The evaluation of the traders’ accounts is every 3 months. They become eligible for a 25% boost in their original account amount by being profitable 2/3 months with an average return of 6% in the three months, or a 2% return monthly for three months. The balance will increase by 25% for up to $1,200,000. When you qualify for the scaling plan, you will also be eligible for 90 percent profit splits.
The fees for their standard challenge are:
$315 for a $50,000 account balance
$549 for a $100,000 account balance
$899 for a $200,000 account balance
$1,789 for a $400,000 account balance
For their rapid challenge:
$299 for a $50,000 account balance
$499 for a $100,000 account balance.
$899 for a $200,000 account balance
The fees are standard, and failing the challenge will not get you a refund for the fee. It is only refundable if you manage to pass the challenge.
You may trade Forex pairs with 100:1 leverage, commodities with 40:1 leverage, indices with 20:1 leverage, and cryptocurrencies with 2:1 leverage withThe Funded TraderProgram.
The Funded Trader‘s guidelines are somewhat lenient. You can trade during news events, overnight, and on weekends. The only methods that are not allowed are copy trading, hedging across several accounts, and using any kind of expert advisor. Aside from that, you are not permitted to change the passwords associated with any of your accounts; doing so would result in the termination of those accounts.
The first part of the evaluation process isThe Funded TraderStandard Challenge Phase 1. If the trader succeeds in this phase, then the trader will obtain their Phase 2 account and continue their evaluation once they have completed the trading objectives and demonstrated their expertise.
The Funded TraderChallenge Phase 2 is the verification stage, during which the trader continues to execute their trading strategy and demonstrate their talents in a more relaxed way, with a profit objective half of what it was in Phase 1. After passing Phase 2, their results will be confirmed and promoted to Funded Trader.
In the evaluation process for the standard challenge, there are two phases: Phase 1 and Phase 2. The primary distinction between the two phases is that the profit target for Phase 1 is 10 % of the total over a period of 35days. In comparison, the targeted profit margin for Phase 2 is 5% over a period of 60 days. The minimum number of trading days required for any phase is 5, and the leverages available for either stage can range anywhere from 2:1 to 200:1. The profit share can be anything from 80% to 90%, with a maximum loss of 6% daily and a maximum loss of 12% overall.
The rapid challenge is slightly different. The profit objective for Phase 1 is 8% with a 35-day trading period, while the profit target for Phase 2 is 5% with a 60-day trading period. There is no minimum trading day restriction, and you can trade with a leverage of 1:100 during both stages. The profit share ranges from 80 percent to 90 percent, with a maximum daily loss of 5% and an overall loss of 8%.
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 programmers. They have average profit projections and relatively modest minimum trading day criteria when compared to other prominent prop companies in the industry.
The Funded Traderis a good choice to choose as a prop trading firm and has received positive reviews. They are a legitimate prop firm that provides funding to traders globally following the completion of the Evaluation Process. Most prop firms are partnered with 1 broker, butThe Funded Traderis partnered with 2 big brokers and considering a third. They are Purple Trading and Nash Markets, and the third is Eightcap.
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.
If you are interested in joining The Funded Trader, you can enter our special 10% discount code: OLGPOV
Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: TradeDay Review
The Funded Trader is an online demo simulated trading evaluation firm. We give clients the ability to complete our assessment and prove their simulated trading skills in an environment for just the price of the upfront fee paid for the evaluation. After passing the evaluation, eligible traders are allowed to receive a simulated virtual profit split on the virtual profits generated in their Funded Account subject to compliance with our Terms of Use and the Customer Agreement. At The Funded Trader, we believe every retail trader deserves the opportunity to trade simulated capital based on their performance. The Forex League and VVS Academy founders set out to create The Funded Trader after simulated trading and reviewing other platforms and finding that they could provide a solution that is exactly what the community needed – a community for traders, by traders. You can find us onYoutubeandInstagramsharing our daily simulated trading education and exemplifying our passion for this industry. Please join our community onDiscordto stay up to date with the latest improvements and to help us celebrate the community that we have built together.
Starting out with The Funded Trader is as simple as possible. Begin by navigating to the “Challenge” section of our website and then select the program and account size you would like to participate in. You’ll want to visit our Knowledge Center to learn the specific rules and objectives of each of our offerings before purchasing. Once you are ready, click on the “Buy” button at the bottom of your desired program’s banner to head to checkout to enter your billing and payment details. If you purchase using crypto, please understand that we only accept ERC20 network addresses and cannot provide technical support to members who use a different network for purchases through crypto. Within a few minutes after your purchase, you will receive your account credentials in a welcome email and will be able to access the Trade Hub where you can find your profile information, dashboard and more.
Before issuing any Funded Accounts or any type of payout to the client related to successfully completing one of our programs, we require that you verify your ID and pass our KYC/AML screening. For most people, this will never be an issue, and the check will take no more than 5 minutes. To learn more about the specific steps required to complete the verification process, visit this Knowledge Center article.
Upon receiving your confirmation of successful payment, you will receive your simulated Trading Platform and Dashboard credentials within 5 minutes. For Coinbase Commerce payments, your order will not be confirmed until the payment is verified by the blockchain, which can take some time and depends on network congestion. Once the payment is confirmed on the blockchain, you will receive your simulated Trading Platform and Dashboard credentials within 5 minutes. To learn more, visit our Knowledge Center article on this subject.
