Hi, it’s my pleasure to have you read The Funded Trader Review.
The Funded Trader claims to offer traders an opportunity to achieve financial freedom trading in the forex market with their capital.
According to the platform, individual traders deserve the opportunity to trade in the forex market irrespective of their financial background.
However, the company targets to partner with highly skilled and passionate traders who can use their capital to succeed in the forex market.
The platform expects traders to show their skills when trading with their capital and get the best out of their trade.
In this review, I’ll let you know if all these claims made can make you succeed in your trading or a scam you should avoid.
In so doing, I’ll focus more on providing detailed information on how it works and its pricing.
Taking that in mind, let’s get started…
Summary of The Funded Trader Review
Product Name: The Funded Trader
Product Type: Proprietary Firm
Evaluation Fee: Depends on the challenge and account size; please read from the pricing section.
Official Site: https://thefundedtraderprogram.com/
5% OFF Coupon Code: TFTTrader9855919
Owner: Angelo Ciaramello
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read my review to see why
Also Read: Goat Funded Trader Review
The Funded Trader Review – Overview
The Funded Trader is a platform that allows skilled traders to trade in the forex market.
The program claims to help every profitable trader get the opportunity to trade in the forex market using their capital.
You will have to choose from multiple challenges when you join the capital.
They include the Standard, rapid, royal, and knight challenges.
In the challenges, you’ll have to choose your preferred account size to start trading.
Three stages of trading enable you to start trading with the company capital when you pass.
They include; the challenge stage, the verification stage, and the funded trader.
Continue reading this review to learn more about the platform.
Pros Of The Funded Trader
- Offers the best profit share of up to 90%.
- Enjoy trading leverage of up to 1:200.
- Offers a balance of up to $600,000.
- Allows overnight and weekend trade holding.
- Allows news trading.
- Excellent trust pilot rating.
Cons Of The Funded Trader
- Does not offer free trials
- The prop firm does not have reliable customer support.
- There is a trailing drawdown, especially in the Knight challenge.
The Funded Trader Coupon Code
The coupon code that you can use to get 5% OFF The Funded Trader Account is:
TFTTrader9855919
Use it to secure 5% OFF when you get signed up!
Who Should Sign Up with The Funded Trader?
The program targets to partner with highly passionate and skilled traders who want to raise capital for trading in the forex market.
You must have at least 18 years to qualify for their funding programs.
In addition, you must abide by all their set rules.
Who Should Not Sign Up with The Funded Trader?
If you are less than 18 years of age, you won’t benefit from this platform.
In addition, if you have no skills in trading in the forex market, you’ll not attain the set profit target.
In such a case, you’ll not benefit from this platform, as you may risk failing in their evaluation stage, which limits you from getting a funded account.
What Is The Funded Trader?
The Funded Trader platform allows traders to trade with their capital in the forex market.
The prop firm was launched on the 12th of May 2021, with its headquarters in Texas, US.
The company offers traders an opportunity to trade with their capital of up to $1,500,000 for those who qualify for their scaling plan.
The program promises traders a profit share of between 80% and 90% in their multiple trading options.
What Is In The Funded Trader?
When you sign up for this platform, you will get up to four different challenge programs.
These programs include; the standard challenge, rapid challenge, royal challenge, and Knight challenges.
Each challenge has unique account sizes and trading rules in the platform.
Here is the breakdown of the challenges:
The Standard Challenge
In the standard challenge, there are two types of options to choose from, swing and regular.
In both options, the platform has up to seven account sizes.
The account sizes include; $10,000, $25,000, $50,000, $100,000, $200,000, $300,000, and $400,000.
The standard challenge has a more significant drawdown of up to 6% for daily drawdown and up to 12% maximum drawdown.
The program also allows you to make your first withdrawal in the first thirty days of your trading.
You will also enjoy a scaling plan where your balance will increase by 25%.
The Rapid Challenge
In the rapid challenge, there are five account sizes, including; $10,000, $25,000, $50,000, $100,000, and $200,000.
The rapid challenge also has two options, swing and regular, and allows you to make your first withdrawal after 14 days.
This program also has a drawdown with an option to hold your trades from day-to-day ad a strategy to help you compound winnings.
Again, no minimum trading days are set for you in this platform, enabling you to trade at your speed and time.
The Royal Challenge
In the Royal Challenge, there are up to five account sizes including; $50,000, $100,000, $200,000, $300,000, and $400,000.
In this challenge, no limits and EAs are set, giving you space to trade at your capacity.
This challenge also has the best drawdown to profit target, set to 10% and profit target to 8% in phase one.
The company allows news trading in this program, enabling you to trade any news without worrying about violating the trading rules.
The Knight Challenge
In the knight challenge, there are four account sizes including; $25,000, $50,000, $100,000, and $200,000.
Here, there is only one phase challenge with the platform aiming at offering you the best evaluation.
You will only need to pass the single challenge and get funded.
Your first payout in this challenge will only take seven days allowing you to make your withdrawal request in as little as ten days.
In addition, there are no limits and EAs allowed in this challenge, giving you space to trade at your capacity.
How Does The Funded Trader Work?
The Funded Trader provides an evaluation process based on the challenge or program you choose to trade within the platform.
The challenges have three steps that make you get your funded account and trade with the company capital.
This includes step one, the challenge stage or phase one, the verification stage or phase two, and the Funded Trader.
Phase One: The Challenge
The challenge is the first phase of the evaluation process which you will have to begin with when you join the platform.
To complete this phase, you must achieve the profit target set by the platform and respect the other trading rules available.
The profit targets set for this stage vary depending on the program challenge you choose your account from.
Please continue reading to learn more about the profit target in the trading rules section.
You will automatically proceed to the next stage when you achieve the profit target and complete the required trading objectives.
You will receive your second stage, the verification stage account, in less than a day.
Phase Two: Verification stage
The verification stage is the second phase in the program also known as the validation stage.
In this stage, you will need to prove your trading skills by achieving a set profit target.
You must also follow the other trading rules in the platform to complete all the required trading objectives.
When your result is successfully verified, you will get the opportunity to move to the funded account.
Phase Three: The Funded Trader
This is the last stage of the evaluation process, allowing you to trade with the company’s capital.
In this stage, the program welcomes you to its proprietary trading platform, where you will trade with real money.
You must continue your trade with high-risk management and maintain consistency.
No profit target is set for you at this stage, with the prop firm allowing you to trade at your targets.
When you successfully earn profits, the company awards you a payout ratio of up to 90%.
This means you will enjoy up to 90% of your trade profits, while the platform only takes 10%.
In addition, the platform monitors your progress and evaluates your performance every three months.
You will qualify for the scaling plan if you have positive progress and have stayed profitable for the past three months.
In the scaling plan, you can grow your account balance to a maximum of $1500000.
Who Is The Founder Of The Funded Trader?
Angelo Ciaramello is the Co-Founder and CEO of The Funded Trader, a program he established in 2020.
Before this, he served as an Analyst in Financial Systems Innovation at Bayer.
Angelo graduated from Rutgers University and has a background as an entrepreneur.
His primary aim in launching the program was to help traders attain their financial objectives by participating in the forex market.
Alongside his dedicated support team, Angelo successfully created numerous funding challenges within the platform, offering traders a range of trading opportunities.
What Are The Trading Rules In The Funded Trader?
The trading rules in the platform vary depending on the program you choose to trade with.
Here is the breakdown of the trading rules for every challenge.
The Standard Challenge Trading Rules
Here are the trading rules in the standard challenge of the prop firm:
- Trading Period
The trading period in the challenge is 35 days in phase one, sixty days in phase two, and indefinite in The Funded Trader.
- Minimum Trading days
The minimum trading days are set to three days for traders in all the stages of the challenge.
- The Trading Leverage
In the challenge stage, the trading leverage is set at 1:60 for phases one and two.
In the Funded Trader account, the leverage is set at 1:30.
- The profit Target
The profit target in the platform is set to 10% for phase one, calculated on your initial balance.
There is a profit target of 5% in the verification stage and no target when you reach the Funded Trader Account.
In the profit target, you ought to reach the set percentage for you to qualify for the next stage.
- Maximum Loss 12%
The Maximum loss rule in the challenge is set at 12% for all the stages of your trading.
- Maximum daily loss of 6%
This challenge’s maximum daily loss is 6% for all three stages.
- Profit share 80% to 90%
The platform offers traders a profit share of up to 90% with an opportunity to enjoy their scaling plan.
However, the profit share is only available for profitable traders at the funded trader stage.
For this reason, you will not expect any profit share if you are still in the challenge stage or the verification stage.
- Withdrawals 30 Days
The first withdrawal takes effect after thirty days of your trade.
The company prioritizes customer withdrawals and promises to process all withdrawal requests within 24 hours.
The Rapid Challenge Trading Rules
Here are the trading rules in the rapid challenge of the prop firm:
- Trading Period
The trading period offered in the challenge is 35 days in phase one, 60 days in phase two, and indefinite in The Funded Trader.
- Minimum Trading days
The minimum trading days are set to zero days for traders in all the stages of the challenge.
- The trading leverages
In the challenge stage, the trading leverage is set at 1:100 for all three locations.
- The profit Target
The profit target in the platform is set to 8% in phase one, calculated on your initial balance.
There is a profit target of 5% in the verification stage and no target when you reach the Funded Trader Account.
- Maximum Loss 8%
The Maximum loss rule in the challenge is set at 8% for all the stages of your trading.
- Maximum daily loss of 5%
The maximum daily loss in this challenge is set at 5% for all the stages in the platform.
- Profit share 80% to 90%
The platform offers traders a profit share of up to 90% with an opportunity to enjoy their scaling plan.
However, the profit share is only available for profitable traders at the funded trader stage.
For this reason, you will not expect any profit share if you are still in the challenge stage or the verification stage.
- Withdrawals 14 days
The first withdrawal takes effect after fourteen days of your trade.
The company prioritizes customer withdrawals and promises to process all withdrawal requests within 24 hours.
The Royal Challenge Trading Rules
Here are the trading rules in the Royal challenge of the prop firm:
- Trading Period
The trading period offered in the challenge is 35 days in phase one, 60 days in phase two, and indefinite in The Funded Trader.
- Minimum Trading days
The minimum trading days are set to five for traders in all the challenge stages.
- The Trading Leverage
In the challenge stage, the trading leverage is set at 1:200 for phases one and two.
In the Funded Trader account, the leverage is set at 1:100.
- The profit Target
The profit target in the platform is set to 8% in phase one, calculated on your initial balance.
There is a profit target of 5% in the verification stage and no target when you reach the Funded Trader Account.
You must reach the set percentage in the profit target to qualify for the next stage.
- Maximum Loss 10%
The Maximum loss rule in the challenge is set at 10% for all the stages of your trading.
- Maximum daily loss of 5%
The maximum daily loss in this challenge is set at 5%, providing traders enough room to trade while observing the rule.
- Profit share 80% to 90%
The platform offers traders a profit share of up to 90% with an opportunity to enjoy their scaling plan.
However, the profit share is only available for profitable traders who have reached the funded trader stage.
For this reason, you will not expect any profit share if you are still in the challenge stage or the verification stage.
- Withdrawals 30 days
The first withdrawal takes effect after thirty days of your trade.
The company prioritizes customer withdrawals and promises to process all withdrawal requests within 24 hours.
The Knight Challenges Trading Rules
Here are the trading rules used in the knight challenge of the prop firm.
- Trading Period
The trading period offered in the challenge and verification stages of the trade has no limit.
In the funded trader account, the trading time is indefinite.
- Minimum Trading days
There are no minimum trading days set for traders on the three stages of the challenge.
- The Trading Leverage
In the challenge stage, the trading leverage is set at 1:30.
In the Funded Trader account, the leverage is set at 1:30.
There is no trading leverage set in the verification stage.
- The profit Target
The profit target in the platform is set to 10%, calculated on your initial balance.
You must reach the set percentage in the profit target to qualify for the next stage.
- Maximum Loss 6%
The Maximum loss rule in the platform is set at 6% for all the stages of your trading.
This means your trading account balance should not exceed 94% of its initial balance while trading on the platform.
- Maximum daily loss of 3%
The maximum daily loss in the platform is set at 3%, providing traders enough room to trade while observing the rule.
And when trading with this prop firm, you must ensure that your account doesn’t follow below 97% of your initial balance within a day.
- Expert Advisors
The platform allows you to use expert advisors in your trading platform for both the challenge and The Funded Trader stages.
- Profit share 80% to 90%
The platform offers traders a profit share of up to 90% with an opportunity to enjoy their scaling plan.
- Withdrawals 7 days
The first withdrawal take effect after seven days of your trade.
The company prioritizes customer withdrawals and promises to process all withdrawal requests within 24 hours.
What Is The Funded Trader Scaling Plan?
In The Funded Trader scaling plan, you can have your account scaled up if you meet their scaling requirements.
This includes achieving a profit target of at least 6% in the past three consecutive months.
In the scaling plan, the platform scales your account size by 25% of your initial balance in the standard, rapid and knight challenges.
In the royal challenge, your account balance will increase by 10% if you qualify for the scaling plan.
The maximum account balance you can have after scaling is $1,500,000.
Related review: My Forex Funds
What Is The Funded Trader Trusted Broker?
The Funded Trader has two main broker partners that assist them in trading in the forex market.
They include the ThinkMarkets and the eightcap broker.
What Trading Instruments Are Allowed In The Funded Trader?
There are varieties of instruments you can trade on this platform, including:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies
What Are The Benefits Of Joining The Funded Trader?
- The high-profit share of up to 90%
The Funded Trader prop firm offers you the best profit share that sees you maximize your earnings from the platform.
This enables you to grow your account and start trading with higher capital from the platform.
- Enables you to trade with a capital of up to $60000
When you join the platform, you are free to grow your account to a capital of $600,000.
This enables you to maximize your earnings and get the best out of your trade.
- Enables overnight and weekend trade holding.
The prop firm allows you to hold your trades overnight and during the weekends when you wish.
You are also free to trade over the weekends and during the nights giving you time to maximize your trades.
What Is The Cost Of Joining The Funded Trader?
To start trading with the platform, you must first purchase your account size.
The price of the account size varies with the program challenge you choose.
Here is the breakdown of the challenges, the account sizes, and their corresponding prices.
The Standard Challenge Pricing
In the Standard challenge program, here are the available account sizes with their corresponding prices:
| Account Size | Price |
| $10000 | $139 |
| $25000 | $189 |
| $50000 | $315 |
| $100000 | $549 |
| $200000 | $979 |
| $300000 | $1469 |
| $400000 | $1958 |
The Rapid Challenge Pricing
In the Rapid Challenge program, here are the available account sizes with their corresponding prices:
| Account Size | Price |
| $10000 | $129 |
| $25000 | $229 |
| $50000 | $299 |
| $100000 | $499 |
| $200000 | $899 |
The Royal Challenge Pricing
In the Royal Challenge program, here are the available account sizes with their corresponding prices:
| Account Size | Price |
| $50000 | $289 |
| $100000 | $489 |
| $200000 | $939 |
| $300000 | $1399 |
| $400000 | $1869 |
The Knight Challenge Pricing
In the Knight Challenge program, here are the available account sizes with their corresponding prices:
| Account Size | Price |
| $25000 | $189 |
| $50000 | $289 |
| $100000 | $489 |
| $200000 | $939 |
Is The Funded Trader Prop Firm A Scam?
In my opinion, The Funded Trader prop firm is NOT a SCAM.
The prop firm offers traders a legit opportunity to trade in the forex market using their capital for every challenge program you choose.
However, you must pass their evaluation stage in every challenge for you to get the opportunity to get their funded account.
Passing the evaluation stage means you can meet their profit targets and trade within their rules.
If you cannot pass their evaluation, you will not get the opportunity to trade with the funded account.
This means that you will not benefit from joining the platform if you are not profitable or lack skills in trading in the market.
My Assessment of The Funded Trader Prop Firm
Profits Split – 9/10
The Funded Trader offers you the best profit share, seeing you earn up to 90% of your profits.
This motivates you to trade more and achieve the best of your trades.
Scaling Opportunities – 6/10
The program also provides a good scaling opportunity of 10% to 25% on your account balance.
This scaling plan can increase your account balance to up to $1500000.
Profits Targets – 6/10
The profit targets set in the program are at an average level compared to other prop firms online.
The highest profit target in the platform challenges phase one is 10%, and the lowest is set at 8%, while in phase two, the profit target is set at 5%.
Affordability – 5/10
The affordability of the platform is on an average level, with multiple challenge options and account sizes for traders.
Other prop firms offer much less than what traders pay on this platform.
Trader Supports – 2/10
The trader support in the Funded Trader platform is POOR compared to how other platforms care for their traders online.
The company does not have good customer support strategies in its platform.
Tradable Assets – 5/10
The Funded Trader support offers few tradable assets in the platform compared to what their broker Eightcap accepts.
The available tradable assets include; cryptocurrencies, forex pairs, commodities, and indices.
Trustworthiness – 7/10
The Funded Trader platform has a positive reputation online in platforms such as Trustpilot.
This makes it earn a more trustworthy score as many traders feel positive about their services.
Overall Rating – 7/10
The Funded Trader generally earns a good rating based on their services and customer satisfaction.
The prop firm satisfies their traders with their services, making them maintain their online traders.
What Are People Saying
Here are the reactions of prop traders and other stakeholders about the Funded Trader prop firm online:
The Funded Trader Trustpilot
The Funded Trader has an excellent rating on Trustpilot achieving 4.6/5 from a sample review of 8,092 reviewers.
FAQs About The Funded Trader
How Many Trades Can I Trade In The Funded Trader?
The Funded Trader prop firm allows traders to hold up to $1.2 million on their active challenge account.
However, when you get to the funded account, you can only trade up to a balance of $600,000.
This information shows that the company restricts traders from using multiple trades above their limits.
How Many Accounts Can I Trade At Any Time In The Funded Trader?
The Funded Trader does not limit the number of accounts you can trade within the platform, allowing you to use more than one account.
However, the company limits the total value of accounts you can hold on the platform with a maximum weight of $600,000.
If you trade past the $600,000 limit, the company will refund you for all your accounts, and you will have to start over your trading.
How First Will I Get My Funded Trader To Challenge When I Join?
When you sign up for the platform, you must choose your account size and pay.
Upon receiving your payment, The Funded Trader will send you your dashboard credentials in less than five minutes.
If you don’t receive your dashboard credentials after waiting more than five minutes, you must contact the program support team.
What Requirements Do I Need To Meet To Trade With The Funded Trader?
You must verify your identification details before getting a funded account from the Funded Trader.
The verifications of the user details and the platform’s KYC (Know Your Customer) screening will help you process your payouts.
Does Funded Trader Allow Trading With Real Money?
You will trade with real money when you become a Funded Trader.
However, you will get a demo account when you are in the evaluation stage.
In the demo account, the platform allows you to trade with virtual money.
Can I Get A Free Trial?
The funded Trader platform does not offer any free trial to traders, as per information from the company website.
However, the company promises traders their plans to launch a free trial service and will notify all traders when the service is available.
In their current program, you can win a free challenge account by participating in monthly competitions.
Also, check this video:
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