Welcome to my Pro Traders Fund Review.
At Pro Traders Fund, you’re not just another trader but a valued participant in their funding program, designed to pave your path toward financial freedom.
Here, they present you with an exciting challenge that’ll put your trading prowess to the test.
By proving your mettle in this challenge, you’ll demonstrate your ability to trade consistently and secure your share of the profits in the forex market.
They promise you a generous profit share of up to 90% and many other incredible opportunities.
Picture this: they have a scaling plan to grow your account balance to a whopping $3,000,000.
And guess what?
They have your back in covering any losses incurred during your trading journey.
Pro Traders Fund believes it’s the ultimate choice for traders seeking to access their funds for forex trading.
But before you jump right in, uncovering the whole truth about this funding program is crucial.
In this review, we’ll walk you through the ins and outs of Pro Traders Fund – what it’s all about, how it operates, and the pricing.
Plus, we’ll provide an honest recommendation, helping you decide whether it’s a worthwhile investment or a potential scam to steer clear of.
With that said, let’s get started!
Pro Traders Fund Review Summary
Name: Pro Traders Fund
Product Type: Proprietary Firm
Evaluation Fee: Starting from $50, depending on your account size.
Official Website: https://protradersfund.com/
Physical Address: Soundview Plaza, Suite 700R, 1266 E Main St, Stamford, Connecticut, 06902, United States of America
Support Email: Support@ProTradersFund.com
Founder/CEO: Chavez Allen (Pajama Billionaire)
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone.
Pro Traders Fund Review – Overview
Pro Traders Fund claims to be the best platform for traders who want to explore their trading potential online and achieve success.
The program promises its traders a risk-free trading environment with huge profits and easy processing of their earnings.
You only need to prove your skills to get funded in the program, with their account balances ranging up to $200,000.
According to the program, a lack of capital should not hold any profitable trader back when you are available to trade.
The company also offers scaling opportunities to traders that maximize their trading capital to a maximum balance of $3,000,000.
This opportunity is tailored for the platform’s most profitable traders, giving them a significant chance to achieve their utmost potential in trading.
In addition, the company offers traders a discount of up to 10% on their registration capital, which helps you pay less for your challenge.
To claim this challenge, you only need to invite a friend to the platform to increase the number of trading members.
You’ll receive a discount to reduce your purchase fee when they purchase their challenge.
On the other hand, the prop firm helps you cover all the losses you incur while trading on their platform.
Furthermore, the platform provides you access to over 2,000 trading instruments, including cryptocurrencies.
The 24/7-hour access to the platform provides a precise and confident trading environment.
Pros Pro Traders Fund
- Dictated customer support
- Offers up to 90% profit share
- No limits on trading style
- Trade every instrument you want
- Excellent management
- Bi-weekly payout
- Refundable start fee
- Unlimited trading days
Cons Of Pro Traders Fund
- Doesn’t offer a retry
- Their money-back service is conditional.
- Not an option for everyone.
Who Is The Founder/CEO Of Pro Traders Fund?
Chavez Allen, also recognized as Pajama Billionaire, is the founder and CEO of Pro Traders Fund, as indicated in his X (formerly Twitter) and Instagram profiles.
Hailing from the inner city of August Town in Kingston, Jamaica, he grew up alongside his mother.
Despite his humble beginnings, Chavez pursued his dream of achieving success.
Today, he boasts an impressive eight years of forex, business, and e-commerce expertise, distinguishing him as a successful individual.
His wealth of experience equips him with a profound understanding of the market and enables him to mentor aspiring traders.
This mentorship takes shape through his renowned training program, the Billionaires Academy.
Additionally, Chavez claims to possess software capabilities, indicating his readiness to tackle any challenges, ensuring smooth and efficient operations.
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Who Should Join Pro Traders Fund?
Pro Traders Fund welcomes traders from all around the globe, provided they meet the age criteria for online work services.
Additionally, aspiring members of the prop firm must successfully complete the evaluation challenge.
If you do not meet the age requirements for online services, the company will ask you to seek parental guidance while participating in their programs.
Conversely, traders accepted into the platform must exhibit a track record of high profitability and consistent trading.
Beyond these prerequisites, no other qualifications are needed to join the platform.
The company ensures that every trader enjoys an equal opportunity when trading on their platform.
What Is Pro Traders Fund?
Pro Traders Fund is a proprietary firm that provides talented traders with the opportunity to manage their fundings in the forex market.
This involves using their funds in trading in the forex market and earning up to 90% of their profits.
The prop firm takes care of the risk involved in trading and gives trades confidence in their trading journey.
As a funding partner, the prop firm aims at making every trader achieve their financial goals through their funding program.
This also aligns with their scaling plan that aims at helping traders grow their account balance to earn more from the platform.
What Are The Steps To Joining Pro Traders Fund?
Joining the Pro Traders Fund involves up to four different steps in the platform, which include the following:
Step One: Click The “Get Funded Button”
To start your trading journey, you will have to click the get funded button, which will direct you to the registration page.
Step Two: Create A User Account
On the registration page, you must create a user account in the platform by submitting your personal details to the system.
This will enable you to get your login details from the prop firm to assist you in accessing the program services.
If you already have an account, you will be required to provide your login credentials to get access to the program services.
Step Three: Choose Your Challenge
After logging in to the system, you must click on the “new challenge” and choose your preferred challenge.
The platform has only two available challenges: the one-step challenge and the two-step one.
The other challenge available is the instant funding challenge, which comes with a premium plus challenge.
Step Four: Buy Challenge
The last step is to purchase your challenge and start your trading journey in the evaluation stage.
In this step, choose the available account sizes in your challenge and click “Buy Package.”
From there, you can start a trading journey and complete your evaluation stage to become a funded trader.
How Does The Pro Traders Fund Work?
The Pro Traders Fund allows you to prove your trading skills to claim their capital.
The prop firm has a funding program with a capital ranging from $5,000 to $300,000.
In their funding program, there are the following trading account balances:
- $5,000 account.
- $10,000 account.
- $25,000 account.
- $50,000 account.
- $100,000 account.
- $200,000 account.
- $300,000 account.
These account sizes are available in two different trading challenges, which include:
One Step Challenge
In the one-step challenge, up to six account sizes provide multiple options.
These account sizes include:
- $5,000 account.
- $10,000 account.
- $25,000 account.
- $50,000 account.
- $100,000 account.
- $200,000 account.
The one-step challenge only has a single phase in its evaluation to enable you to get to a funded account.
Two Step Challenge
In the two-step challenge, a two-step evaluation program requires you to pass the two stages to get a funded account.
In their packages, there are up to seven account sizes as follows:
- $5,000 account.
- $10,000 account.
- $25,000 account.
- $50,000 account.
- $100,000 account.
- $200,000 account.
- $300,000 account.
Instant Funding Premium Plus Challenge
The instant funding program has no evaluation account set for traders; you will move directly to a funded account from the start.
Here are the available account packages in the instant Funding challenge.
- $5,000 account.
- $10,000 account.
- $20,000 account.
- $50,000 account.
Funded Live Account
In the live funded account, you’ll become a Pro Traders Fund trader, where you’ll start trading with the company capital.
This allows you to earn directly from the prop firm when you profit from your trading.
In so doing, the company offers you a profit share of up to 90% of the total profits you make in your program.
This makes you earn more from your profits and maximize your trading to build a passive income.
It also qualifies you for a scaling plan that boosts your trading capital to a maximum balance of $3,000,000.
Also Read: Ultimate Traders Review
Pro Traders Fund Trading Rules
Here are the Trading rules available in the Pro Traders Fund:
Profit Target
Pro Traders Fund prop firm sets a lower % profit target of 7% for their traders in The step challenge phase one and 4% in phase two.
If you trade with the one-step challenge funding program, you’ll only have to reach a profit target of 10%.
The Instant Funding Challenge has a profit target of 20%.
Profit Split
The company offers traders a profit share of up to 90% of their total profits in their trading journey.
Maximum Drawdown
Pro Traders Fund prop firm doesn’t permit traders to lose more than 12% of their initial balance for two-step challenges.
For instance, if you were trading on a balance of $100,000, the company doesn’t allow you to lose more than $12,000.
The maximum drawdown is 6% of your initial account balance on the one-step challenge.
Maximum Trading Days
Pro Traders Fund offers unlimited trading days in their prop firm, especially if you are profitable.
Maximum Daily Drawdown
The maximum daily loss accepted in the Pro Traders Fund prop firm is 5% for a single day of your trading in the two-step challenge.
For instance, if you were trading on a balance of $100,000, the maximum amount you can lose in a single day is $5,000.
On the other hand, if you choose to trade with the One-step challenge, the maximum daily loss is set at 4%.
Minimum Trading days
The minimum number of trading days accepted in the program is one day.
Trading leverage
The Pro Traders Fund allows you to trade with a maximum leverage of 1:100 on the two- and one-step challenges.
On the Instant Funding plus premiums challenge, you can trade on a leverage of up to 1:50.
The Trading Instruments Available On The Pro Traders Fund
The Pro Traders Fund allows you to trade a variety of instruments, which include the following:
- Forex pairs
- Indices
- Cryptocurrencies
- Stocks
- Commodities
- Metals and much more.
On the other hand, Pro Traders Fund uses the Metatrader5 platform for all their trades due to their low commission rates in the market.
Hence, your success on this platform hinges on your ability to trade using the Metatrader5 platform.
What Are The Benefits Of Joining Pro Traders Fund?
Joining the Pro Traders Fund prop firm provides you with the following trading benefits:
Profit share of up to 90%
Enjoy a profit share of up to 90% with Pro Traders Fund, where your success is paramount.
This exceptional profit-sharing model means that out of your total profits, which could be, for example, $1,000, you have the opportunity to pocket up to $900, with only a corresponding $100 deducted.
Experience Unlimited Trading Days
Pro Traders Fund offers indefinite trading days during the evaluation and in the funded account.
This grants you the freedom to trade at your own pace and strive to reach your ultimate trading goals.
You can continue trading as long as you adhere to the established rules.
Instant Funding
Once you meet the program’s trading criteria, Pro Traders Fund swiftly grants you access to their live funded account.
Unlike other prop firms, there are no frustrating delays or unnecessary complications.
You can immediately earn profits using the company’s capital and claim your share.
Top-Notch Risk Management
Pro Traders Fund empowers you to manage the risks of trading your capital in the forex market.
This alleviates concerns about risk, provided you adhere to the specified profit targets.
Increased confidence and precision in your trading journey are natural outcomes.
Instant Withdrawal
Receive your profits promptly through bank transfers or cryptocurrencies.
Earn Up to 30% Commission
When you refer a friend to the platform, you can earn a generous commission of up to 30% when they purchase the challenge.
Build a Passive Income Stream
Pro Traders Fund’s instant payout program allows you to earn a passive income while enjoying instant access to your profits.
With the scaling plan that can grow your balance to a maximum of $3,000,000, you can maximize your trading and achieve your financial goals.
What Is The Cost Of Joining The Pro Traders Fund?
The cost of joining the platform varies depending on your account size and the challenge type.
Here are the two types of challenges available and their prices according to their sizes:
One Step Challenge
- $5,000 account costs $50.
- $10,000 account costs $84.
- $25,000 account costs $200.
- $50,000 account costs $279.
- $100,000 account costs $499.
- $200,000 account costs $950.
Two Step Challenge
In the two-step challenge, here are the available account sizes and their corresponding prices:
- $5,000 account costs $50.
- $10,000 account costs $100.
- $25,000 account costs $250.
- $50,000 account costs $299.
- $100,000 account costs $499.
- $200,000 account costs $979.
- $300,000 account costs 1,399.
Instant Funding Plus Premiums Challenge
In the instant funding plus premiums challenge, here are the available account balance
and their prices:
- $5,000 account costs $450.
- $10,000 account costs $950.
- $20,000 account costs $1,920.
- $50,000 account costs $4,700.
When Is The Payout Completed On Pro Traders Fund?
The Pro Traders Fund offers a bi-weekly payout to their traders on the platform.
This allows traders to access their funds as they continue to generate more profits from their trading platform.
At this stage, you can withdraw the profits you want, provided it does not exceed the required profit share percentage.
When you withdraw, the company also withdraws its share of the profits from your trading account.
Is There Any Refund Policy On Pro Traders Fund?
Quick Answer: No Refund.
Explanation
When you decide to make your first payment to join the Pro Traders Funding program, it’s essential to remember that this payment is non-refundable.
This rule remains in effect regardless of whether you cancel your participation after payment or encounter difficulties completing program stages, such as the Challenge and verification.
It also applies if you do not meet the specified profit and loss thresholds.
During the challenge stage, if you don’t engage in any trading activities for 30 days, your account will be temporarily disabled.
Unfortunately, this disqualification will not make you eligible for a refund.
If you complete the challenge or verification stage with profits but fall short of the target profit percentage, please know that you won’t qualify for a refund or a retry without initiating a new initial payment for a fresh challenge.
Therefore, before enrolling in this program and submitting your payment, you must be fully aware of this policy.
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Is Pro Traders Fund a Legit Prop Firm or A Scam?
In my assessment, Pro Traders Fund does not fall under the scam category.
This prop firm welcomes traders from all corners of the world who aspire to build a trading career but lack the necessary capital.
Here’s how it works: Within the platform, you must demonstrate your trading skills through their evaluation program to secure funding.
Once you access a funded account, you can start trading with the company’s capital and receive a share of the profits.
This profit share can go as high as 90%, and you can withdraw it through their bi-weekly payout program.
You may qualify for their scaling plan if you prove highly profitable, facilitating account balance growth.
This allows you to establish a passive income stream within the platform and work towards financial independence.
Conversely, the Pro Traders Fund is affordable, with the lowest account size starting at just $50.
This affordability makes it an excellent choice for traders with limited income but a talent for forex trading.
Consequently, Pro Traders Prop Firm emerges as an ideal starting point for those embarking on their trading journey from scratch.
However, it’s important to note that you must demonstrate your trading skills during the evaluation stage to qualify for their funding program.
The evaluation primarily assesses profitability, trading consistency, and risk management abilities.
Moreover, adherence to all other trading rules within the platform is imperative for success.
Consequently, while Pro Traders Fund is a legitimate proprietary firm, it may not be suitable for everyone.
My Assessment Of Pro Traders Fund
I base my assessment of the Pro Traders prop firm on the following criteria:
Profit Splits: 9/10
The Pro Traders Fund offers an excellent profit share of up to 90% of the total profits you earn from your trading.
This makes you trade more and earn more from the forex market as a strategy to help you achieve your financial income.
It also helps you rapidly grow your account and build a passive income from your trading experience.
Scaling Opportunities: 5/10
The prop firm offers traders a scaling opportunity that can help them earn up to $3,000,000 from their trading platform.
However, the company doesn’t clearly explain the criteria and qualifications for the scaling plan.
This makes it difficult for traders to learn more about their fantastic scaling opportunity, as you will have to contact their support team for more information.
Profit Targets: 8/10
The profit targets set in the Pro Traders Fund are more realistic than other prop firms.
For instance, the prop firm only sets a 7% and 5% target in their evaluation program, which is lower than other companies.
In addition, the realistic profit target makes its evaluation program easy to pass and get to a funded account.
Affordability: 8/10
Pro Traders Fund is very affordable, with their lowest account size only going for as low as $50.
This makes it a suitable option for highly skilled traders who lack the trading capital to explore their trading potential online.
You only need to pay at least $50 on the platform to start your trading journey.
Trader Support: 7/10
The company offers good 24/7 customer support on their platform to assist traders in their trading journey.
This allows traders to ask questions and get answers from the platform concerning their trades and funds.
The prop firm has an experienced support team ready to efficiently answer any question related to the trading in the platform.
Tradable Assets: 8/10
Various tradable assets are accepted in the platform, including forex pairs, cryptocurrencies, indices, stocks, and much more.
These assets allow you to make your favorite selection on your preferred instrument.
In so doing, you’ll stand a chance to earn, get to the level best of your trading, and maximize your income.
Trustworthiness:8/10
The prop firm has confirmed payouts with many testimonies who claim to have achieved success from the platform.
This builds trust among their traders and maintains a good trader relationship in their platform.
The good reputation of the company among its traders also enables it to attract more traders on the platform.
The positive comments on the Trustpilot platform also affirm the trustworthiness of this platform.
My overall Rating: 8/10
Overall, Pro Traders Fund is a top-performing and budget-friendly prop firm within the forex market.
I rate it at 8/10, making it an excellent choice for traders looking to harness their trading potential, especially if they start from scratch.
What Are People Saying
Here is what people are saying about Ultimate Traders prop firm online:
Trustpilot
Pro Trader Fund has 13 reviews on Trustpilot prop firms with a rating of 4.0/5 stars (September 14, 2023).
Many positive reviews lauded this trading firm for being a lifeline, with one trader particularly impressed by its acceptance of gift cards, Apple Pay, Cash App, and more.
Another review praised the platform’s remarkable performance despite its newness, while a minimum trading day requirement excited another reviewer, especially when compared to other firms with strict trading restrictions.
Conversely, a discontented trader lamented the high cost of placing a single trade and the substantial commissions.
However, Karen Stewart, a customer service and assurance team member, responded at length to address these concerns, highlighting the firm’s commitment to robust customer support.
This proactive approach received praise because traders value platforms with responsive support, regardless of their concerns.
One individual named Alrick from the US faced challenges with a plan he unintentionally signed up for but did not receive a refund despite contacting support.
It became evident that the trader had not thoroughly reviewed the refund policy governing their trading, leading to their dissatisfaction.
Nevertheless, the support team promptly addressed the issue.
This prop firm is relatively new, and I will continue to monitor for more direct feedback from traders.
Stay tuned for updates.
FAQs About Pro Traders Fund
Does Pro Traders Fund Require KYC Documents To Join?
The prop firm takes the security of their traders as seriously as the traders do in the platform to protect your business.
For this reason, the prop firm accepts KYC documents, including a picture of your valid government-issued identification card.
A picture of you holding your government-issued identification card beside you and a signed customer agreement.
Is Pro Traders Fund A Brokerage?
Pro Traders Fund is a prop firm that evaluates and funds traders who manage to pass their evaluation test to trade with the company capital.
This allows traders to trade independently in the forex market and earn profits.
Therefore, the company does not operate as a broker or provide any service related to brokerage.
How Can I Contact The Pro Traders Fund Prop Firm Support Team?
The best way to contact the support team from the platform is to email them directly.
The company has their email address as support@protradersfund.com, which enables you to start a live chat with them.
You can also reach them via their Instagram page following the address @protradersfund.
How Can I Upload My KYC Documents On Pro Traders Fund?
To upload your KYC documents, navigate to KYC submission on the site’s dashboard.
Upon submitting your details, the prop firm support team will review your documents to allow you to get started with your trading.
Contact their support team to learn more about the KYC documents.
Thank you for taking the time to check out this Pro Traders Fund Review.
Please comment below if you have any additions regarding this review.
I’ll respond to your concerns as soon as possible.