The Talented Trader Review: A Scam or Legit Prop Firm?

The Talented Trader Review

Hi, welcome to The Talented Trader Review.

In this review, I’ll delve into the truth behind the Talented Trader to determine whether its claims are trustworthy or merely another scam.

The program boasts the ability to lead you to financial freedom through its funding opportunities.

Specifically, the company focuses on talented traders, assuring them of funding support to succeed in the forex market.

To ascertain the legitimacy of this company, we’ll explore its operational mechanics and the costs associated with joining the platform.

By the end of this review, you’ll have gained valuable insights into this prop firm, enabling you to make informed decisions per your aspirations.

With that in mind, let’s begin…

Summary of The Talented Trader Review

Product Name: The Talented Trader

Product Type: Proprietary Firm

Evaluation Fee: Starting from $49, varies depending on the account size you choose.

Product Founder: Archie Cade

Official Site: https://www.thetalentedtrader.com/

Overall Rating: 7/10

My Recommendation: Not for everyone, Learn more from the review

Rising Prop Firm: FXIFY

The Talented Trader Review – Overview

The Talented Trader Review

Currently, The Talented Trader stands as one of the leading platforms with a significant number of traders active in the forex market.

The platform allows talented traders to trade in the forex market using the company’s capital.

In so doing, the company targets to ensure all its traders succeed in their trading journey by providing them with the required capital.

In their funding program, the prop firm enables traders to choose the account size and get funded with the platform to trade in the forex market.

To get funded with the platform, you only need to pass the evaluation process used to test your trading skills and experience.

However, if you are confident enough, the platform allows you to choose its instant funding program, which does not take you through an evaluation process.

When you start trading with the funded account, you’ll earn up to 80% of your profits which you can withdraw bi-weekly.

In addition, you’ll also stand a chance to qualify for their scaling plan, which can help you grow your account rapidly.

Pros Of The Talented Trader

  • Offers a higher profit share of up to 80%.
  • Offers up to 100% scaling plan on the account balance.
  • Provides traders with a fast payment of their profits.
  • Allows news trading.
  • Offers a rapid scaling plan.
  • There are no time limits set for traders.
  • Allows trading on bots.
  • Offers a bi-weekly payment

Cons Of The Talented Trader

  • Doesn’t offer a free trial.
  • Doesn’t allow trading on multiple accounts.
  • The profits target for the scaling plan is quite high.

Who Should Sign Up With The Talented Trader?

The Talented Trader targets to partner with highly talented traders who can showcase their ability to trade in the forex market.

Through their funding programs, the prop firm promises to help experienced traders use their capital to trade in the forex industry.

For this reason, you ought to trade forex with the required skills and high profitability while keeping in mind the trading rules in the platform.

The prop firm uses the evaluation process to test your ability to trade before giving you the opportunity to trade in the forex market.

Consequently, if you fail to demonstrate your skills during the challenge, you’ll not qualify for access to a funded account within the program.

What Is The Talented Trader?

The Talented Trader is a proprietary firm that provides traders with an opportunity to trade in the forex market using their capital.

The prop firm provides you with capital through its funded account program to help you trade in the forex market.

Upon receiving the funded account, the prop firm will link you with a brokerage account designated to hold your funds while engaging in forex market trading.

According to the program, trading with their platform gives you more advantages than working with a brokerage account.

One of the biggest advantages is that the company provides access to its funds while trading in the market.

For this reason, you will not need to invest your personal money as capital; you only need to pass the challenge to get a funded account.

Get Funded With The Talented Trader

How Does The Talented Trader Work?

The Talented Trader Review

The Talented Trader platform allows you to trade in the forex market using their capital.

In their challenge programs, you’ll get accounts of different balances that you’ll use to trade in the forex market.

The challenge programs encompass the Classic, No Limit, and Instant Challenge.

In the challenge program, you’ll choose the one that suits you according to its account size to start trading.

Here are the challenge programs:

Classic Challenge

The Classic Challenge is the first trading option in the prop firm, which takes you three steps to become a classic funded trader.

Before becoming a funded trader, you must choose your preferred account size.

There are up to five account sizes available for you in the classic challenge, including;

The Intermediate classic funding contains three account sizes, including; $50,000, $100,000, and $200,000.

The second category is the pro classic Funding with the following account sizes; $50,000 and $1,000,000.

When choosing your account size, you must consider its price and trading goals to help you make wise decisions.

You can check for the cost of each account size in this review’s pricing section as you continue reading.

After choosing your preferred account size from any of the two categories, you will make your payment and begin your trading journey.

Currently, the two account sizes in the pro classic funding category are not available, with the company promising traders of their return soon.

In your trading journey, you will have to follow the steps below to become a classic funded trader:

The Challenge

You must pass the challenge stage to become a funded trader in the classic funded program.

The program can identify and support only those traders who can achieve a profit target of up to 7%.

In addition, a trader should not violate the loss limit rule and trade within the required time period in the program.

Verification

This is the second phase of the classic challenge, where the prop firm verifies your showcased talent in the platform.

In this phase, the prop firm requires you to reach a profit target of 5% if your final step proves your ability to trade.

Funded Trader

You can trade with a funded account when you successfully complete your verification stage.

In this phase, the company is convinced of your talent to trade after showcasing your abilities to trade in the first two phases.

For this reason, you will not have any profit target set for you in your Funded trader account, allowing you to trade at your own targets.

The Talented Trader prop firm requires you to join the other forces available in the market to gather and showcase your abilities to trade.

The prop firm expects you to trade consistently and maximize your profits to help you grow your account.

Once you achieve a high level of profitability, the program assures you a scaling plan that will enable rapid growth of your account balance.

No Limit Challenge

In the No Limit Challenge, there are up to three categories of account sizes, including;

The Beginner No Limit Funding with account balances such as $5,000, $10,000, and $25,000.

The intermediate No Limit Funding with the following account sizes; $50,000, $100,000, and $200,000.

The No Limit funding is the last category with the following account balances, $50000 and $1000000.
After choosing your account size, you can begin your trading challenge by following the steps:

The Challenge

This is the first phase of the no-limit challenge, enabling you to showcase your ability to trade.

In the process, the program requires you to hit a profit target of 8% while managing the drawdown limits.

When trading with this program, you will not have to worry more, as there are no minimum or maximum trading days set for you in the program.

When you pass this phase, you will move to the second phase of the program, the verification stage.

Verification Stage

This is the second phase of the no-limit challenge that verifies your talent in trading to enable you to move to the funded account.

In the verification stage, you will do one more round of your trades and hit a profit target of 5% to verify your real treading talent.

In addition, there is no time limit set for you at this stage, allowing you to trade at your own dedicated time.

Funded Trader

You can trade with a funded account when you complete your verification stage.

This will enable you to trade with the company capital and earn a profit share of 75% in your first trade.

The profit share will, however, continue rising to a maximum profit share of up to 80%.

Instant Funding Program

The Instant Funding program is the last trading category in the prop firm which allows you to choose your account balance and start your trading journey.

The account balances in the program are grouped into three categories including:

The Beginner Talent program consists of the following account balances, $1,000, $2,000, and $4,000.

The intermediate talent category includes the following account sizes, $16,000 and $8,000.

The last category is the pro talent which consists of the following account sizes, $64,000 and $32,000.

You’ll have no challenge or verification stages in the Instant funding program.

You only need to reach a profit target of 6% to make your first withdrawal from the program.

In addition, the program has no trading time limit set for you, allowing you to trade at your own speed.

Related Review: The Funded Trader

Trading Rules Used In The Talented Trader

The trading rules in The Talented Trader platform depend on the funding program you choose.

Here are the funding programs and their corresponding rules:

The Classic Challenge

The classic challenge has the following rules:

Account type

Classic funding program has a challenge account type with the following account sizes: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000.

Profit target

In phase one of the classic challenge, traders must reach a profit target of 7%, while in the second phase, the profit target is set at 5%.

Minimum and Maximum trading days

In phase one of the classic challenge, the minimum trading days are eight, while the maximum trading days are 30.

In the program’s second phase, the minimum trading days are set at eight while the maximum trading days are increased to 60.

Drawdown

The daily drawdown for the entire stages in the platform is set at 5%, while the corresponding overall drawdown still stands at 10%.

Profit Split

The profit share in the Classic funding program is set at 80%.

You can withdraw up to 80% of your total profits, while the program only takes 20%.

Trading Leverage

The trading leverage in the classic challenge is set at 1:100.

Scaling Plan

The classic challenge program offers traders a scaling plan that helps them grow their account balance and earn more profits.

In the scaling plan, you must reach a profit target of 10% in three consecutive years to scale your account by 100%.

The program, however, allows you to withdraw your profits during the process, provided you reach the required target.

The No Limit Challenge

Here are the available rules in the no-limit challenge:

Account type

The no-limit challenge program has account types with the following account sizes: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000.

Profit target

In phase one of the no-limit challenge, you need to reach a profit target of 8%, while in the second phase, the profit target is set at 5%.

Minimum and Maximum trading days

In phase one of the no-limit challenge, no maximum or minimum day limit is set for traders on the platform.

Drawdown

The daily drawdown for the entire stages of the no-limit challenge is set at 4%, while the corresponding overall drawdown still stands at 10%.

Profit Split

The profit share in the no-limit challenge-funded account is set at 80%.

You can withdraw up to 80% of your total profits, while the program only takes 20%.

Trading Leverage

The trading leverage in the no-limit challenge is set at 1:100.

Scaling plan

The classic challenge program offers traders a scaling plan that helps them grow their account balance and earn more profits.

In the scaling plan, you must reach a profit target of 10% in three consecutive years to scale your account by 100%.

The program, however, allows you to withdraw your profits during the process, provided you reach the required target.

The Instant Funding

Here are the available rules in the instant Funding program:

Account type

The Instant Funding program has account types with the following account sizes: $1,000, $2,000, $4,000, $8,000, $16,000, and $32,000 and $64,000.

Profit target

In the instant Funding program, you must reach a profit target of 6% to make your first withdrawal target.

In future withdrawals, you will only have to reach a target of 3% to enable you you’re your withdrawal request.

Minimum and Maximum trading days

The minimum trading days set in the Instant funding program is five days, while no maximum trading days are set.

Drawdown

The instant Funding program does not set daily drawdown for traders.

For this reason, you only have to respect the static drawdown in the platform, which is set at 6%.

Profit Split

The profit share in the instant Funding program is set at 70%.

Trading Leverage

The trading leverage in the instant funding program is set at 1:100.

Scaling Plan

In the scaling plan, Instant funding requires you to reach a profit target of 12% in your account.

When you reach the set profit target, the program doubles your account balance to help you trade on a larger account size.

The program allows you to grow your account to a maximum balance of 1.24 million dollars.

What Trading Instruments Are Allowed In The Talented Trader?

There are a number of trading instruments available on the platform, including:

  • Forex pairs
  • Cryptocurrencies
  • Stock
  • Selected equities

In addition, the prop firms use MetaTrader4 to execute their trades and the Eightcap company as their trusted broker.

For this reason, you should use the MetaTrader4 and the Eightcap broker for your trades when you join the platform.

Who Is the Owner Of The Talented Trader Prop Firm?

The Talented Trader Review

The Talented Trader prop firm is owned by Archie Cade, a successful forex trader based in London.

Archie Cade started his journey toward success by reselling goods on eBay before he moved to the dropshipping business.

He also combined his drop shipping business with the running of a gym wear brand as an opportunity to boost earnings.

He later joined the FXLondon prop firm, where he started trading forex before developing an interest in starting his own prop firm.

His interest in starting his own prop firm escalated after he became a highly talented forex trader and was now earning a passive income from his trade.

Archie later succeeds in launching his own prop firm, which becomes open for traders of different levels of trade.

In his aim, Archie targets to make all the talented traders who join the platform get the opportunity to succeed in the forex market.

What Are The Benefits Of Joining The Talented Trader?

Fast Payment

The talented Trader is one of the prop firms with the best payment allowing traders to make their withdrawals after every two weeks.

The program also ensures the requested withdrawals take the shortest time possible to get processed for traders to receive their funds.

In addition, there are no other additional restrictions to their payment apart from the targets and time limit.

Low profit targets

Most prop firms in the forex market put their profit targets at 10% or more in the evaluation process, making it difficult to reach.

However, the Talented Trader prop firm’s highest target is 8%, which is much more realistic for most traders.

This makes it easy for many traders who join the platform to get an opportunity to reach the funded account and trade with real money.

No time limits for most of its trading programs.

Talented Trader prop firm does not have time constraints that can limit traders from achieving their best on the forex market.

Two out of its trading programs have no time limit, while the only one with a set limit is much more realistic for most traders.

This allows traders in the platform to trade at their own speed to maximize their earnings in the forex market.

Offers refund of the registration fee

Talented Traders prop firm promises traders who succeed in their platform a refund of their registration fee.

The fee refund is done on your first payout when trading with a funded account.

For this reason, you only have to put more effort into your trading and reach a funded account level to claim your fee back.

What Is the Cost of Joining The Talented Trader?

The Talented Trader Review

The pricing in the Talented Trader platform varies depending on the account size you choose in the platform.

Here are the account sizes in the different funding programs and their corresponding pricing.

The Classic Challenge:

  • $5,000 account cost $49.
  • $10,000 account cost $99.
  • $25,000 account cost $199.
  • $50,000 account cost $299.
  • $100,000 account cost $499.
  • $200,000 account cost $999.

The No Limit Challenge:

  • $5,000 account cost $49.
  • $10,000 account cost $99.
  • $25,000 account cost $199.
  • $50,000 account cost $299.
  • $100,000 account cost $499.
  • $200,000 account cost $999.

Instant Funding

  • $1,000 account cost $49.
  • $2,000 account cost $99.
  • $4,000 account cost $199.
  • $8,000 account cost $399.
  • $16,000 account cost $799.
  • $32,000 account cost $1,599.
  • $64,000 account cost $3,199.

Upon obtaining your funded account, the prop firm guarantees a refund of your fee with your first payout.

This allows you to reclaim your fee back to your wallet to maximize your earnings, making you worry less about losing your money.

The Talented Trader Payouts

Once you commence trading with your funded account, the program permits you to request your first payout after one month.

You’ll, however, make your subsequent payouts every two weeks and get your request processed within two business days.

The prop firm also accepts numerous payment methods, including bank transfers, credit cards, wire transfers, and cryptocurrencies.

Important: My Forex Funds Review

Is the Talented Trader A Scam?

In my assessment, The Talented Trader is not a scam.

The program offers a range of account sizes within its funding program, allowing you to select the one that aligns best with your available capital for trading in the forex market.

This flexibility enables you to work towards achieving your financial goals effectively.

However, it’s essential to note that The Talented Trader targets highly experienced and profitable traders.

Success on the platform depends on your ability to adhere to trading rules, manage trading risks proficiently, and demonstrate expertise in the market.

The evaluation process employed by The Talented Trader assesses your trading abilities and experience.

Successfully passing this challenge is vital as it determines your eligibility for a funded account.

Failing to meet their criteria can limit your progress within the program, as access to a funded account is contingent upon clearing this evaluation process.

My Assessment of The Talented Trader

Profits Split – 8/10

The Talented Trader prop firm offers traders a profit share of up to 80% of their trading profits.

The profit share you can get in the prop firm is 75%, making it a good choice for traders who want to achieve more from their trade.

In addition, you will start earning the maximum profit share immediately when you start trading with the funded account.

Scaling Opportunities – 8/10

The Talented Trader prop firm has one of the best scaling plans in the forex market.

When you qualify for their scaling plan, your account balance will increase by up to 100% of its initial balance.

In addition, you only need to maintain at least 10% profitability to qualify for the scaling plan.

Profits Targets – 9/10

Unlike prop firms that set a profit target of 10% or more, The Talented Trader prop firm offers the most realistic target.

In their challenge stage, you only need to reach a profit target of 8% for you to move to the verification stage, which has a target of 5%.

This makes it easy for more traders to pass their challenge and proceed to a funded account.

Affordability – 8/10

The Talented Trader platform is one of the cheapest prop firms in the forex market, with its smallest account size only costing you $49.

This makes it more affordable for traders with low incomes to get the opportunity to trade in the forex market using their capital.

Trader Supports – 7/10

The prop firm also offers traders good trader support, enabling you to ask the program support team questions.

The trader support in the program aims at helping traders succeed in their trading journey.

Tradable Assets – 6/10

There are a number of tradable assets in the platforms you can choose to trade in the forex market.

The numerous tradable assets in the platforms provide traders with more options for instruments to trade.

This makes traders trade their favorite assets, which can help them maximize their earnings from the market.

Trustworthiness – 7/10

The Talented Trader platform is one of the top-rated prop firms in the forex market with a great reputation online.

There are also a number of testimonials from traders who express their satisfaction with the prop firm’s services online.

My Overall Rating: 7/10

The Talented Trader earns the above rating because it is a prop firm that stands by its words.

The prop firm also has numerous customer services and high-performance rates that enable it to maintain its customers online.

What Are People Saying

Here are what people are saying about The Talented Trader prop firm online:

The Talented Trader Review Trustpilot

The Talented Trader prop firm has an excellent rating on Trustpilot from a sample of 89 reviews online, as shown below:

The Talented Trader Review

Nevertheless, there are some negative reviews from individuals who believe that the prop firm requires improvements.

One reviewer highlighted the need for enhancing the graphics to achieve a more professional appearance.

The Talented Trader Review

Another reviewer suggested the need to automate most of the services in the platform.

The Talented Trader Review

Furthermore, one customer initially expressed dissatisfaction with the customer service, but ultimately, they were satisfied with the overall experience and gave the prop firm a 5-star rating.

On a positive note, I appreciate that the company promptly addressed any negative reviews that required attention, displaying a proactive approach to resolving concerns.

The Talented Trader Review

FAQs About The Talented Trader

Are The Trades In The Talented Trader Placed In Real Market?

All the accounts in the program are connected to institutional-grade liquidity that ensures all your generated profits are secured.

This enables you to earn your profits as expected, leaving the small share that goes to the company as per the percentage profit split states.

In addition, you will have a secured trading account while placing your trades on the real market.

Are There Any Restricted Countries In The Talented Trader?

The Talented Trader platform accepts traders worldwide, provided you can withstand their rules.

However, at the moment, the prop firm restricts traders from countries that are facing international sanctions.

This allows talented traders worldwide to join and showcase their trading skills.

What Payment Options Are Available In The Talented Trader?

The Talented Trader prop firm allows various payment methods, including bank wire, credit cards, and cryptocurrencies.

The cryptocurrencies accepted in the platform include Bitcoin, Dash, Lite coin, and USDT.

How Do Withdrawals Work In The Talented Trader?

The platform processes their withdrawals via crypto payouts or via bank transfer with any fee that facilitates being deducted from the transfer.

Once you commence trading with a funded account, you can request your first withdrawal within seven calendar days from the day you executed your initial trade.

Your subsequent withdrawals will go through after fourteen days, enabling you to earn money after every two weeks.

Thank you for reading The Talented Trader Review.

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