Hello and welcome to my Skilled Funded Traders Review.
Skilled Funded Traders allows you to prove your trading skills to enable you to become part of it.
The prop firm claims to have an industry-leading technology solution with excellent trader support to enable you to increase your chances of success.
The company also claims to have an outstanding industry experience which ensures all your trades are safe and secure online.
For this reason, the prop firm stands to have the best trader experience for all its traders who make it.
However, you must justify all these claims before you can try this prop firm.
In this review, I present to you detailed information about the prop firm.
I’ll take you through my personal view of the prop firm.
This includes whether the prop firm is worth your money or another scam you should avoid.
Taking that in mind, let us begin…
Summary Of Skilled Funded Traders Review
Name: Skilled Funded Traders
Type: Proprietary Firm
Owners: Paladin, Riz Iqbal, and Omar
Evaluation Fee: Starts from $65 depending on the account size you choose.
Official Site: skilledfundedtraders.com/
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read my review to see why
Skilled Funded Traders Review – Overview
Skilled Funded Traders is a growing prop firm in the forex market.
After being launched in 2023, the prop firm has risen to become one of the best platforms for traders.
The rapid growth of the company is triggered by its quality services and easy-to-manage rules in the platform.
Their services are favorable to most traders which also makes them have an excellent rating on the various credibility sites found online.
These sites include Trustpilot where the company has a track record of reaching an excellent rating with up to 85% five-star awards.
Such an impressive performance is crucial for their growth as more and more traders build trust in the company based on their rating.
In addition, traders are impressed with how they manage their accounts and the security of their funds.
To ensure your funds are secure and in safe hands, the prop firm partners with legally authorized trusted brokers like ThinkMarkets.
This gives it a great advantage over other platforms with no authorized brokers in their partnership programs.
Also Read: Funded Engineer Review
Pros Of Skilled Funded Traders
- Offers unlimited trading period.
- Relatively good profit share in the market.
- Realistic profit targets to traders.
- Offers a refund of the registration fee.
- Offers a good scaling plan that increases your account to a maximum balance of $2 million.
Cons Of Skilled Funded Traders
- Doesn’t offer any free trial.
- The prop firm pricing is slightly expensive.
- Newness in the forex market.
Who Should Sign Up With Skilled Funded Traders?
Skilled Traders aims to collaborate with proficient traders capable of demonstrating their trading expertise.
By doing so, these traders become eligible for the prop firm funding program, allowing them to trade with the company’s capital.
If you possess a genuine passion for forex trading but lack the necessary capital and exposure, consider joining our proprietary firm.
It offers an opportunity to learn the inside of trading and venture into the forex trading business.
Who Are The Owners Of Skilled Funded Traders?
The individuals behind Skilled Funded Traders, including Paladin, Riz Iqbal, and Omar, are seasoned traders and entrepreneurs with significant experience in the trading world.
Paladin, having a rich background as a trader and entrepreneur for the past 5 years, expresses his enthusiasm for utilizing his expertise to create the best product and experience for traders within the Skilled Funded Traders community.
Riz Iqbal, who boasts 7 years of trading experience, transitioned to full-time trading with the support of leveraged prop firms.
As the host of the rapidly growing trading podcast – Words of Rizdom, he is passionate about extending his knowledge to help others in their trading journeys.
Omar, who embarked on his trading journey in 2019, has successfully accumulated substantial capital and withdrawn multiple 6 figures from the markets.
His primary goal is to inspire and assist others in achieving similar success with the aid of prop firms.
However, he emphasizes the importance of aligning with a prop firm that genuinely cares about the growth of its traders and consistently introduces innovative ideas in favor of the trader’s success.
What Is Skilled Funded Traders?
Skilled Funded Traders operates as a Proprietary Firm, requiring traders to demonstrate their skills through a two-step evaluation process.
By successfully completing this process, traders qualify for a funded account, allowing them to trade with the company’s funds and earn profits.
Participating in the evaluation process offers the chance to qualify for a funded account, providing an opportunity to potentially grow your trading capital using the company’s scaling plan.
Upon completing the evaluation, you gain the flexibility to manage your account remotely, including handling earnings, withdrawals, and scaling plans.
It’s noteworthy that the company covers all losses incurred during the virtual evaluation process.
Skilled Funded Traders provides a platform for trading in the forex market using their capital, enabling you to build a passive income online and work towards achieving financial freedom in the forex market.
Since its establishment in 2023, the prop firm has successfully attracted numerous traders to its funding program, with a commitment to further growth in the upcoming years.
Operating in the local area of Delaware, the firm aims to provide aspiring traders with the opportunity to engage in forex trading.
What Is contained in Skilled Funded Traders?
The Skilled Funded Traders contains up to three stages of trading in their platform.
These stages include:
The Skilled Funded Traders Challenge
This is the first stage of your trading journey in the prop firm where you will need to prove your trading skills.
You’ll begin the stage by first taking your challenge and proving you have knowledge and skills in the forex market.
In this stage, you’ll also learn the rules set in the prop firm which you must follow for you to become part of their trading community.
Adherence to rules is crucial when trading in the demo account, where virtual money is utilized instead of real funds.
This setup allows you to engage in the challenges of the real market without the concern of losing actual money.
It serves as a valuable tool for practicing and refining your trading strategies.
It’s important to note that when transitioning to the real market, you will encounter static slippage, a factor associated with the size of the account you opt for.
This introduces a realistic dimension to your trading experience, as you navigate the market with genuine considerations tied to the chosen account size.
The Skilled Funded Traders Verification Stage
The second stage of your trading journey on the platform is designed to validate your trading capabilities.
Here, the company mandates you to demonstrate consistent trading performance, affirming that you have successfully passed the initial stage on the platform.
Every trader on the platform must navigate through this verification stage to be eligible for consideration as a Skilled Funded Trader.
The process involves trading in a demo environment, using virtual funds in a real market scenario.
Successfully passing this stage is a pivotal achievement, paving the way for advancement to the next stage, where you can attain a funded account.
This is a coveted milestone for any trader on the platform.
Skilled Funded Traders Trader
This marks the culmination of your trading journey, as you transition to a live trading account where you’ll engage in the real forex market.
In this final stage, you’ll trade with actual funds, earning profits throughout your trading endeavors.
The prop firm offers a unique incentive, allowing you to retain up to 90% of the total profits generated from your trading activities in the forex market.
Skilled Funded Traders provide you with an experience closely mirroring the real market conditions, aligning with the standards of legitimate liquidity providers.
This stage represents a significant step toward realizing your trading goals and maximizing your earning potential.
How Does Skilled Funded Traders Work?
Skilled Funded Traders work by allowing your trade in the forex market using their capital and earn a profit share in the agreed percentage.
Before starting your trading journey with the company funds, you must first showcase your trading skills by first taking their challenge.
The evaluation process in the platform that consists of the two stages of the challenge makes you stand a chance to get a funded account.
Before going into the evaluation process further, let us look at how you can get started with the program.
How Do I Get Started With The Skilled Funded Traders?
To get started with the prop firm, you’ll have to follow the steps below:
Step One: Registration
You will begin by signing up to the system to become part of their membership program.
When registering for the program, you need to submit your details correctly into the system.
You also need to submit your true information which will be used to verify you during the trading journey.
Step Two: Choose Your Funding Program
There are two types of funding programs available in the Skilled Funded.
These funded programs include the standard and the skilled.
Step Three: Choose Your Package
There are different account sizes in the system that depend on the type of funding program you choose from the platform.
Standard Funding Programs
Here are the available account sizes:
- $5,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
- $300,000 account size.
Skilled Funding Program
In the Skilled Funding Program, here are the available account sizes:
- $5,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
Step Four: Take The Challenge
The next step is to get yourself started in the evaluation process by taking a challenge in the platform.
At the moment, only the Skilled Funding program and its account packages are available for purchase.
The standard funding program is still not available with the prop firm promising to enroll it soon into the platform.
So, by taking on the skilled account, you’ll have to check for its account size packages available for you to get started.
Step Five: Make Your Payment
You’ll then make your purchase on the platform by paying the registration fee which depends on the account size you choose.
Step Six: Get Started
Upon confirming your payment, the platform sends your account login information via your email.
This allows you to log into your trading account and get started with your trading on the platform.
Your trading journey begins by taking a challenge in the evaluation process before moving to a funded account.
What Are The Trading Rules Used In Skilled Funded Traders?
Skilled Funded Traders have different trading rules set for traders in all the stages of their trade.
These rules include:
The Skilled Funded Traders set their profit target at 6% in the challenge stage and 6% in the verification stage.
There is no profit target set in the funded account allowing you to trade at your own target.
You must respect the profit targets set in every stage of your trading as failure to reach them may risk your account being suspended.
Maximum trading period
The prop firm has an unlimited number of simulated trading days in its platform for every trader.
This means that you are not limited to the number of trading days in the platform provided you observe the required trading rules.
This allows you to take your time to efficiently complete a single stage in your trading journey to ensure more credibility.
Minimum Trading Days
The minimum number of trading days in the platform is set at five days for every stage of your trade.
This means that you are required to take at least five days trading for you to complete a single stage of your trade.
Therefore, the minimum number of days you can take to get a funded account in the Skilled Funded trader platform is up to ten days.
The maximum trading leverage set in the platform is 1:50.
Maximum Daily loss
The maximum daily loss is set at 4% calculated based on your original account balance for all stages of your trade in the platform.
For instance, if you are trading on a $10,000 account size, your maximum daily loss will be $400.
This means that you are not permitted to lose more than $400 in a single day of trading on the platform.
Maximum overall loss
The prop firm sets their maximum overall loss to 10% calculated based on your original account balance.
For instance, if you’re trading on a $10,000 account size, your maximum overall loss will be $1,000.
This means that you are not permitted to lose more than $1,000 in your entire trading.
The platform allows you to trade or hold your trades during the weekend.
This means that you have the freedom to trade or hold your trades during the weekend as you wish.
The prop firm allows you to trade news on their platform.
The profit share in the platform starts from 85% with their maximum share being at 90% of the total profits you make from your trading.
For instance, if you make a total of $1,000 in your account, your profit share will be $900 while the company takes the corresponding $100.
This strategy makes you earn more from the profits you make from the platform to motivate you more towards your trade.
What Is Skilled Funded Traders Scaling Plan?
Skilled Funded traders have a scaling plan that allows traders to grow their account balance to a maximum balance of up to $2,000,000.
This allows you to trade with more account balances for you to earn more.
However, you need to be highly profitable and more consistent in your trade for you to qualify for the scaling plan.
For instance, the prop firm requires you to have an average profitability of 6% in three consecutive months.
This will allow you to qualify for a scaling plan which will increase your account every three months to a maximum balance.
Your trading account will be increased by 25% every time it is scaled until you reach the maximum balance allocated in the platform.
What Is Skilled Funded Traders Trusted Broker?
Skilled Funded Traders partners with two trusted brokers online which include:
- Purple trading
These are both trusted brokers regulated under the United States legal authorities on forex trade online.
The two brokers will ensure all your trading funds are secure and in safe hands throughout your trading journey on the platform.
What Trading Instruments Are Allowed In Skilled Funded Traders?
There are varieties of trading instruments you can trade on the Skilled Funded Traders.
These instruments include the following:
- Forex pairs
What are the benefits of joining Skilled Funded Traders?
Skilled Funded Traders offers unlimited trading days
At Skilled Funded Traders, there are an unlimited number of days you can trade on the platform.
This means that you can trade in the platform for your entire lifetime provided you don’t violate the other rules used in the platform.
This means that you have the opportunity to spend more of your time to get the best out of your trade-in a single stage.
Offers good profit share
The Skilled Funding prop firm offers you offers you a profit share of up to 90% of the total profits you make from your trading.
This makes it one of the best-paying prop firms in the forex market despite being new in the forex industry.
This motivates their traders to increase their trading time as they earn more from their trading in the forex market.
Relatively good scaling plan in the market
Skilled Funded Traders is among the prop firms with the best scaling plan in the market.
Their scaling plan allows you to grow your account size by up to 25% to reach a maximum balance of up to $2 million.
This makes you increase your earnings to build a passive income online while aiming at achieving your financial freedom.
The prop firm allows you to make your withdrawal after every fourteen days of your trade.
This gives you access to your funds on a bi-weekly basis to motivate you more in your trading journey.
The first payment is also done after fourteen days of placing your first trade on a funded account.
Has realistic profit targets
The profit targets set in the platform are very realistic making it easy to pass their evaluation and qualify for a funded account.
On the other hand, the realistic profit target gives a larger number of traders who join the platform the opportunity to move to a funded account.
This makes it target more traders into their funded account to trade using their capital online.
Important: Instant Funding Review
What Is The Cost Of Joining The Skilled Funded Traders?
The cost of joining the Skilled Funded Traders is contingent upon the account size you select.
In this discussion, I will focus solely on the pricing of the Skilled Funding program, as the standard Funding program has not been launched and is currently unavailable for purchase.
For the Skilled Funding program, the platform offers various account sizes, each associated with specific prices:
- $5,000 account size costs $65.
- $10,000 account size costs $125.
- $25,000 account size costs $225.
- $50,000 account size costs $309.
- $100,000 account size costs $479.
- $200,000 account size costs $849.
These prices are however refunded when you make your first withdrawal from the platform.
Skilled Funded Traders refund all the registration fees as a bonus in the platform when you request your first withdrawal.
However, when you fail to reach the funded account, you’ll not get a chance to reclaim your registration.
How Do The Payouts Work On The Skilled Funded Traders?
Once you reach a funded account and begin trading with a live account on the Skilled Funded Traders platform, you become eligible for a payout.
You can request a payout for the amount earned from the system, encompassing both your profit share and the registration fee.
The payout request can be made 14 days after placing your first trade on the platform, with subsequent payments processed every week.
This system ensures a regular and consistent payout schedule as you continue your trading journey with Skilled Funded Traders.
Is Skilled Funded Traders A Scam?
In my opinion, Skilled Funded Traders is not a scam.
It provides a legit avenue to build income by trading in the forex market using the company’s capital.
Success on this platform hinges on showcasing your trading skills and securing a funded account, which grants you the opportunity to trade with the firm’s capital in the forex market.
The prop firm sets realistic profit targets, catering to both experienced and less skilled traders online.
With an unlimited trading period, those less experienced have the flexibility to take more time to achieve the required targets and secure funding.
This approach allows them to earn income from their trades, facilitating their journey towards financial freedom.
Furthermore, the prop firm offers an attractive profit share structure, enabling traders to earn more from their trades.
However, it’s essential to note that the platform is most profitable for individuals who have a genuine passion for trading in the forex market and can effectively showcase their skills during the evaluation process.
The two-stage evaluation process employed by the prop firm serves as a stringent test of your trading abilities before granting access to a real funded account.
Failing to meet the profit target or violating key rules during this evaluation may result in not securing a funded account, risking the breach of your account, and missing out on the opportunity to trade with the company’s capital to achieve the required profit target.
While Skilled Funded Traders is a legit prop firm, it may not be suitable for everyone.
If this platform doesn’t align with your preferences, there are alternative prop firm opportunities like Express Funded.
My Assessment Of Skilled Funded Traders
In my assessment of the Skilled Funded Traders, here are my findings:
Profits Split – 9/10
Skilled Funded Traders has an excellent profit share of up to 90%.
This makes it one of the top-paying prop firms in the forex market to attract more traders.
Scaling Opportunities – 9/10
The prop firm has the best scaling plan that can help you grow your account size to a maximum balance of $2,000,000.
This makes you trade with higher balances and earn more from your trading to achieve your financial goals.
You can also aim higher with their 25% increase in account size during the scaling plan period.
Profits Targets – 8/10
The profit targets set in the prop firm are realistic making them easily achievable when trading in the forex market.
This makes the prop firm an opportunity for experienced traders who also want to build their trading career online.
Affordability – 5/10
The Skilled Funded Traders is fairly affordable with their lowest account size going for $65.
There are some other prop firms with cheaper prices for similar account sizes online.
This makes the Skilled Funded Traders slightly expensive compared to other platforms in the forex industry.
Trader Supports – 6/10
The trader support in the platform is also good with their support team working together to ensure you get the best response.
Trustworthiness – 7/10
Skilled funded prop firm is trustworthy with good information about their background and history in trading in the forex market.
This makes it easily ranked in the search engines and other credibility sites as the most trusted platform.
My Overall Rating Is 7/10
In my overall evaluation, I would give Skilled Funded Traders a rating of 7/10.
The prop firm stands out with high-quality services that consistently attract a growing number of traders to participate in their funded programs.
What Are People Saying
Here is what people are saying about Skilled Funded Traders:
The Skilled Funded Traders Trustpilot
Skilled Funded prop firm has an excellent rating of 4.6/5 on the Trustpilot platform (January 6, 2024).
From a sample of 974 reviewers, up to 85% of the reviewers gave the prop firm a five-star rating.
FAQs About Skilled Funded Traders
Can I Own More Than One Account On The Skilled Funded Traders?
Skilled Funded Traders permit individuals to own more than one account on their platform if desired.
However, it’s important to note that the cumulative maximum balance across all active accounts should not surpass $400,000.
This implies that when combining the balances of all your active accounts, it is prohibited for the total to exceed the specified limit of $400,000.
How Long Should I Wait To Get My Account Credential After Placing My Order On Skilled Funded Traders?
After placing an order on the platform, you can expect to receive your account credentials in less than 24 hours.
If, however, you do not receive any notification with the necessary credentials within this timeframe, it is imperative to contact their support team.
The maximum waiting period for receiving your credentials is set at 24 hours or one day following your payment.
Is There Any Restriction Or Requirement To Join Skilled Funded Traders Skilled Funded Traders?
In terms of eligibility requirements, the prop firm mandates participants to be at least 18 years old to join their funding program and take on the trading challenge.
Additionally, the company extends its services globally, reaching traders in various countries around the world.
To confirm whether your country is eligible, you may contact their support team for assistance.
What Does The Term Skilled Funded Traders Mean In The Platform?
In the Skilled Funded Traders, the term “Skilled Funded Traders” is used to designate traders who possess a funded account.
These individuals have successfully completed the two-step evaluation process, earning them the privilege of owning a funded account.
Therefore, upon successfully undertaking the challenge and securing a live funded account, you can attain the status of a Skilled Funded Trader within the platform.
Thank you for reading my Skilled Funded Traders Review.
If you still have any concerns regarding this prop firm, feel free to leave a comment in the section below.
I’ll be happy to respond to you soon.