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The Funded Trader Review

The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.

The Funded Trader Review

Summary

The Funded Trader is an online prop trading firm that evaluates demo accounts. For merely the initial cost of the test, they offer clients the chance to complete their assessment and demonstrate their trading prowess in a risk-free setting. Following evaluation, qualified traders are entitled to a profit split on the gains made in their funded accounts, provided that they abide by the Terms of Use and the Customer Agreement.

After trading and examining alternative funding systems, the creators of The Forex League and VVS Academy decided to launch The Funded Trader because they wanted to offer a solution that would precisely meet the needs of the community.

The Funded Trader Website
The Funded Trader Website

You can find them sharing daily trading lessons and demonstrating their enthusiasm for prop trading on YouTube and Instagram. Their ability to offer services that are distinctive and fully centred around assisting each individual trader to thrive over the long term is made possible by the respectable experience that each team member brings to the funding field.

At The Funded Trader, they think that every retail trader should have the chance to raise money based on their success and dedication to starting their own trading business.


Pros
  • Maximum balance of standard accounts up to $600,000
  • Scaling plan with balance up to $1,500,000
  • Arranges exciting events, rewards and competitions
  • High leverage for trading forex up to 1:200
  • Achievable profit and drawdown targets
  • 90% profit split on scaling plan
  • Unlimited evaluation free retries
  • Large range of trading instruments
  • Overnight and weekend holding allowed
  • Good variety of challenges to choose from
  • Trade on both the MetaTrader 4/5 platforms
Cons
  • No free trial
  • Very strict trading conditions
  • Funded with demo account and virtual funds
  • Lack of educational content
  • Overwhelming rules and restrictions

The Funded Trader Review

Programs

The Funded Trader makes it as easy as possible to get started. To get started, go to the website’s “Challenge” area and choose the programme and account size you want to take part in. Before making a purchase, you should visit the Knowledge Center to become familiar with the precise guidelines and goals of each of their offers.

When you’re ready, click the “Buy” button at the bottom of the banner for The Funded Trader Program you want to purchase to go to the checkout page and input your billing and payment information. Please be aware that they only accept ERC20 network addresses for purchases made using cryptocurrency, and they are unable to offer technical help to users of networks other than ERC20.

You will receive your account credentials in a welcome email a little while after making your purchase. With them, you may log in to the Trade Hub and access your profile data, dashboard, and other resources.

The Funded Trader Challenges
The Funded Trader Challenges

Standard Challenge

A trader has 35 calendar days to complete the first phase of the Standard Challenge before having another 60 days to complete the second part. The trader must comply with a set of requirements in each phase in order to pass the challenge and receive a Funded Account.


Standard Challenge Phase 1

The first stage of the evaluation procedure is the Standard Challenge phase 1. You must maintain the 6% daily drawdown and 12% overall drawdown constraints while aiming for a 10% profit. You will receive your phase 2 account within 24 hours and be able to continue the process of getting funded once you have satisfactorily completed all of the trading objectives and demonstrated your abilities.

Standard Challenge Phase 2

Phase 2 of the Standard Challenge is the validation phase, when you will once more demonstrate your abilities. The 5% profit objective must be attained while keeping the 6% daily drawdown and 12% overall drawdown constraints. Your results will be validated, and you will proceed to becoming a Funded Trader after you have successfully completed all of the trading objectives and demonstrated your abilities.

The Funded Trader

Finally, you’ve succeeded! After completing the Standard Challenge and all other verifications, you will be qualified to get a funded account. You can obtain up to a 90% profit split, with your first profit split occurring 30 days after your first transaction, provided that you continue to trade consistently and with competent risk management. You will be qualified for biweekly payouts once you receive your first payment. Every three months, your performance will be reviewed, and if you qualify, you might scale up to a $1,500,000 account amount.

Swing50K100K200K400K
Account Balance$50,000$100,000$200,000$400,000
Challenge Leverage1:601:601:601:60
Minimum Trading Days5555
Phase 1 Target (35 Days)$5,000 USD (10%)$10,000 USD (10%)$20,000 USD (10%)$40,000 USD (10%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$20,000 USD (5%)
Max Loss$6,000 USD (12%)$12,000 USD (12%)$24,000 USD (12%)$48,000 USD (12%)
Max Daily Loss$3,000 USD (6%)$6,000 USD (6%)$12,000 USD (6%)$24,000 USD (6%)
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Weekend tradingYesYesYesYes
Refundable Fees$315 USD$549 USD$949 USD$1898 USD
Standard Challenge – Swing Account
Regular50K100K200K400K
Account Balance$50,000$100,000$200,000$400,000
Challenge Leverage1:2001:2001:2001:200
Minimum Trading Days5555
Phase 1 Target (35 Days)$5,000 USD (10%)$10,000 USD (10%)$20,000 USD (10%)$40,000 USD (10%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$20,000 USD (5%)
Max Loss$6,000 USD (12%)$12,000 USD (12%)$24,000 USD (12%)$48,000 USD (12%)
Max Daily Loss$3,000 USD (6%)$6,000 USD (6%)$12,000 USD (6%)$24,000 USD (6%)
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Weekend tradingNoNoNoNo
Refundable Fees$315 USD$549 USD$949 USD$1898 USD
Standard Challenge – Regular Account

Rapid Challenge

The two-step evaluation programme, The Rapid Challenge, allows you to get your first payment in as short as 20 days. This challenge is open to traders with accounts of $50k, $100k, or $200k. Simply decide how much money you want to handle, and then pass the evaluation by achieving the Trading Objectives during Phases 1 and 2. There are no minimum trading days required for your evaluation in the Rapid Challenge. Once you earn your funded account and wait 14 days, you are entitled for your first profit split.

Rapid Challenge Phase 1

The first stage of the evaluation procedure is the Rapid Challenge phase 1. You must maintain the 5% daily drawdown and 8% overall drawdown constraints while aiming for an 8% profit. You will acquire your phase 2 account within 12 hours of proving your abilities and completing all of the trading objectives, continuing the process of getting funded.


Rapid Challenge Phase 2

The validation phase of the second Rapid Challenge is where you will once more demonstrate your abilities. You must maintain the 5% daily drawdown and 8% overall drawdown constraints while aiming for a 5% profit. Your results will be validated, and you will proceed to becoming a Funded Trader after you have successfully completed all of the trading objectives and demonstrated your abilities.

The Funded Trader

You have successfully completed your goal! You will be qualified to join the prop firm and get a funded account once you have finished the Rapid Challenge and completed all required verifications. You can expect up to a 90% profit split and biweekly dividends if you continue to show professionalism in risk management. Your performance will be assessed each month, and if you qualify, you might scale up to a $1,500,000 account amount. Within 20 days of beginning this challenge, you could receive funding and receive your first reimbursement. The Rapid Challenge is the fastest programme that they offer as a result.

Swing50K100K200K
Account Balance$50,000$100,000$200,000
Challenge Leverage1:301:301:30
Minimum Trading Days000
Phase 1 Target (35 Days)$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)
Max Loss$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)
Max Daily Loss$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Weekend tradingYesYesYes
Refundable Fees$299 USD$499 USD$899 USD
Rapid Challenge – Swing Account
Regular50K100K200K
Account Balance$50,000$100,000$200,000
Challenge Leverage1:1001:1001:100
Minimum Trading Days000
Phase 1 Target (35 Days)$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)
Max Loss$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)
Max Daily Loss$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Weekend tradingYesNoNo
Refundable Fees$299 USD$499 USD$899 USD
Rapid Challenge – Regular Account

Royal Challenge

The most exciting funded program right now is The Royal Challenge. The key benefit of this programme is that it is the only challenge that enables you to employ EAs and trade news with a larger leverage. This is similar to the two-stage assessment procedure used in the Standard and Rapid Challenge. There are no lot size restrictions with the Royal Challenge, and you simply need to finish 5 trading days in order to accomplish the goals for both phases.

Royal Challenge Phase 1

Phase 1 of the evaluation procedure is known as the Royal Challenge. You must maintain the 5% daily drawdown and 10% overall drawdown constraints while aiming for an 8% profit. On this challenge, you may employ EAs and Trade Copiers. You will receive your phase 2 account within 24 hours and be able to continue the process of getting funded once you have satisfactorily completed all of the trading objectives and demonstrated your abilities.

Royal Challenge Phase 2

Phase 2 of the Royal Challenge is the validation phase, when you will once more demonstrate your abilities. You must maintain the 10% overall drawdown and 5% daily drawdown constraints while aiming for a 5% profit. Your results will be validated, and you will proceed to becoming a Funded Trader after you have successfully completed all of the trading objectives and demonstrated your abilities.


The Funded Trader

It’s official, you’ve succeeded! You will be qualified to join The Funded Trader proprietary trading firm once you have successfully completed the Royal Challenge and all other verifications. You can expect up to a 90% profit share and monthly dividends if you continue to show consistency and a competent degree of risk management. Enjoy no lot size constraints on this funded account, and you have complete freedom to trade news with no restrictions. Every three months, your performance will be reviewed, and if you qualify, you might reach a maximum account balance of $1,500,000.

50K100K200K400K
Account Balance$50,000$100,000$200,000$400,000
Challenge Leverage1:2001:2001:2001:200
Minimum Trading Days5555
Phase 1 Target (35 Days)$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)$24,000 USD (8%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$15,000 USD (5%)
Max Loss$5,000 USD (10%)$10,000 USD (10%)$20,000 USD (10%)$30,000 USD (10%)
Max Daily Loss$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$15,000 USD (5%)
Expert AdvisorsYesYesYesYes
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Drawdown TypeEquity & BalanceEquity & BalanceEquity & BalanceEquity & Balance
Refundable Fees$289 USD$489 USD$939 USD$1,399 USD
The Funded Trader Royal Challenge

The Funded Trader Review

Conditions

Everybody is welcome to take part in the contests at The Funded Trader. Each competition is subject to the ensuing regulations. Participants in the competition will be automatically disqualified for breaking any of these regulations.

No matter what kind of account you have, challenge or funded, make sure you comprehend these general guidelines and how they operate.

Profit Targets

A trader has 35 days for Phase 1 and 60 days for Phase 2 of each of The Funded Trader Challenge’s two-phase evaluation period.


Standard

  • Phase 1: 10% profit target
  • Phase 2: 5% profit target

Rapid

  • Phase 1: 8% profit target
  • Phase 2: 5% profit target

Royal

  • Phase 1: 8% profit target
  • Phase 2: 5% profit target

Minimum Trading Days

  • Standard: 3 minimum days
  • Rapid:  0 minimum days
  • Royal: 5 minimum days

Phase 1 to Phase 2 Transition Times

  • Standard: 24 hours
  • Rapid: 12 hours
  • Royal: 24 hours

Drawdown

The balance or equity, whichever is higher at day’s end at 5 p.m. EST, is used to determine the daily drawdown for the competition. A set 5% of the opening balance is always used as the daily drawdown amount. The daily drawdown for the $100k account is always $5k less the equity or balance, whichever is higher when the day resets at 5 pm EST or 00:00 GMT+2.

There is a max total drawdown of 10%. You need to trade for at least five trading days. There should be no utilising irrational fills in the demo environment.


Standard

  • Daily Loss: 6% based on equity or balance
  • Max Overall Loss: 12% based on equity of initial account balance

Rapid

  • Daily Loss: 5% based on balance
  • Max Overall Loss: 8% based on equity of initial account balance

Royal

  • Daily Loss: 5% based on equity or balance
  • Max Overall Loss: 10% based on equity of initial account balance

Position Limits

All instruments will have a maximum position limit of five positions, and the maximum lot size for FX instruments is five, while the maximum lot size for indices and commodities is one. These are the lot size restrictions, and the broker-level position limit applies.

Leverage

The amount of leverage that you can use depends on the challenge that you taking part in and your account type. As a general guideline, you can see the maximum leverage for various asset classes below:


  • Forex 1:200
  • Gold and Commodities 1:40
  • Indices 1:20
  • Crypto 1:2

Accounts

If you register numerous accounts using the same email address or IP address, you will be automatically disqualified. You are only permitted to have one registered account.

All accounts related to the challenges may only be traded on by the trader who owns the account, and they may not be changed after a phase has ended.

Please be aware that it is completely forbidden to share account login information with other traders. To ensure that the data is correctly tracked through the internal systems, they strongly advise against accessing any trading accounts through a VPN or virtual private server.

Retries & Extensions

The Funded Trader do not extend time limits for any of their challenges, but under the following circumstances, traders are entitled to an unlimited number of free account retries:

Phase 1


A trader will be eligible for a retrial if they run out of time for Phase-1 if they finish Phase 1 of the challenge in profit without exceeding the maximum daily loss or total loss while satisfying the minimum necessary days.

Phase 2

A trader will be qualified for a retry if they run out of time if they finish Phase 2 of the challenge in profit without exceeding the maximum daily loss or total loss while satisfying the minimum necessary days. They will have to restart Phase 1 though.

Automated Trading

Expert advisors (EA’s) are not permitted on any account other than the Royal account. You can use as many indicators as you want for manual trading because indicators are not expert advisors. Although one indicator is completely acceptable, no EA or script may follow more than one indicator.

It’s crucial to remember that when using prop firm EAs on the Royal Account, you must also adhere to all of the Terms of Service’s other rules, including but not limited to:


  • Prohibited Trading Strategies
  • Copy Trading from Third Party Signals
  • Account Management Services
  • Arbitrage Trading (Latency or Reverse)
  • Grid Trading

Weekend Trading

The Funded Trader does not allow holding trades over weekends for the following challenge accounts:

  • Standard Challenge – Regular Account
  • Rapid Challenge – Regular Account

All open trades on standard accounts are liquidated every Friday at 4:00 p.m. EST, and you will be notified by email that the trades have been closed. After that, read-only access will be granted to regular users until right before the market opens the next week.

The Funded Trader does allow holding trades over weekends for the following challenge accounts:

  • Standard Challenge – Swing Account
  • Rapid Challenge – Swing Account
  • Royal Challenge

Scalping

On all of The Funded Trader Challenge and Funded Accounts, scalping is permitted. However, they do advise against trading during periods of intense macroeconomic news. Scalping is forbidden and will result in a breach on The Funded Trader Regular Standard and Rapid Funded Accounts only if it is discovered within 2 minutes before or after news.

News Trading

While news trading is strictly forbidden on the Knights Challenge, it is permitted for Phase I and Phase II of the Standard, Rapid, and Royal Challenges.


They have news restrictions for 2 minutes before and after the release of a red folder event (Forex Factory News Calendar) once you are trading a Funded Account (Regular Standard, Regular Rapid, or Knights Account) connected to live capital. This includes the opening/closing of market orders, as well as any take profit or stop loss orders that are triggered within this 4-minute window. All FX, Metals, and Indices instruments fall under this.

If you are trading on a Swing Account Type or Royal Accounts, the news limitation regulation does not apply to you.

Copy Trading

If the required expert advisers (EAs) have been enabled, traders can use their The Funded Trader account as the main source of trades (i.e., master account), enabling them to effortlessly replicate their trades into their personal account or other proprietary firm trading accounts.

When using trade copiers, the following circumstances are acceptable:

The Funded Trader Account Use as a Master Account

Traders are permitted to duplicate trades from their Funded Trader account to their personal account or other firms’ prop trading accounts by using their Funded Trader account as a master account.

Copies Between and To Royal Accounts

Only copies made to and from Funded Trader Royal Accounts are permitted by traders. The examples that follow show you how to configure your copy trading with Royal Accounts:

  • Standard Account can copy trades to Royal Account
  • Rapid Account can copy trades to Royal Account
  • Royal Account can copy trades to Royal Account
  • Personal/Other Prop firm can copy trades to Royal Account

Please be aware that the trades copied from an external account to a Funded Trader Royal Account must be executed by the Funded Trader account’s owner.

Prohibited Use of Trade Copying

Additionally, there are limitations on how trade copiers may be used. When employing trade copiers, the following situations are expressly prohibited:

Copies of Trades to Regular or Quick Accounts

Trading from personal accounts to any Standard or Rapid Account is not permitted; however, trading from personal accounts to Royal Accounts is permitted.

The following instances of copy trading between Accounts are not permitted:

  • Copying from Standard to Rapid Accounts is not permitted.
  • Copying from Rapid to Standard Accounts is not permitted.
  • Copying from Royal to Rapid Accounts is not permitted.
  • Copying from Royal to Standard Accounts is not permitted.

Copying from personal or other prop firm accounts to standard or rapid accounts is not permitted.

When utilising copy traders, the following actions are strictly prohibited:

  • Raising identical orders or copying to other trader accounts
  • Copying deals to the accounts of other traders is absolutely forbidden.
  • Submitting identical orders within the same time frames or time horizons as one or more other traders
  • Raising identical orders within similar time frames or time horizons as one or more other traders
  • Raising orders similar to those of one or more other traders, or a variation of either (and) similar or identical order amounts and instruments, and/or orders raised within similar or identical time frames and horizons
  • Utilising the identical Expert Advisor settings as other traders. The EA settings of traders must be specific to their trading accounts.
  • Employing the identical expert advisor trading recommendations as other traders. Trading signals from traders must be exclusive to their trading accounts.

Using “Pass Your Challenge,” “Copy Trading,” or account management services

All trades made on any Funded Trader account must be the trader’s own concept and execution, hence it will be seen as a violation/breach if the trader employs any form of copy trading service, account management, or “pass your challenge” services.

Trading Strategies

As long as it complies with laws and their Terms of Use, there are no limitations on your trading style or strategy at The Funded Trader. However, any form of cheating or abuse of the simulated environment is strictly forbidden and is in violation of the terms, which all traders agree to when registering for the prop firm services.

Here is an example of trading strategies that The Funded Trader do not allow:

  • Grid Trading
  • Martingale Trading
  • High-Frequency Trading (HFT)
  • Arbitrage Trading
  • Hedging or Group Hedging Across Multiple Accounts
  • Collusion Between Users

Payout System

All Funded Trader Live Accounts have an 80:20 payout ratio by default, however you can expand your kingdom to get a higher payment ratio. Your Funded Trader Account’s balance will be increased by 25% if you adhere to the requirements of the scaling plan, and the payout ratio will automatically rise to 90:10 as well.

Every Funded Trader has access to a payout request dashboard. Deel, which provides a number of payout alternatives, including Bank Transfer, Deel Card, Coinbase, PayPal, Payoneer, Revolut, and Wise, among others, can be used to request the payout. It is crucial that you receive the compensation you are due, so they take care to make sure you get it.

They do require that you confirm your identity and pass KYC/AML screening before they issue any Funded Accounts or any form of payout to the customer associated to successfully completing one of the programmes. This won’t be a problem for 99% of people, and the check won’t take more than 5 minutes.

The Funded Trader Review

Features

Platforms

You can trade on the excellent MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms with The Funded Trader. These are the most popular forex trading platforms for retail traders. They are user-friendly and packed with all of the trading tools that you need to conduct thorough market analysis and make informed decisions. They can be used for scalping, day trading and swing trading. You can trade on MetaTrader via desktop, web and mobile. Commissions on the platform are $5 per standard lot roundtrip for all asset classes currently offered.

Brokers

The Funded Trader broker is Eightcap. They are a leading trading broker with hundreds of financial instruments and excellent trading conditions including tight spreads, low commission fees and quick trade execution speeds. They are also regulated to give you peace of mind and have around the clock support. The combination of Eightcap and MetaTrader ensures that The Funded Trader is one of the best prop firms you can find.

The Funded Trader Website
The Funded Trader Website

Instruments

The Funded Trader allow trading of the instruments available on your trading platform, which includes forex, commodities, indices, and crypto.

Competitions

With the Funded Trader competitions, anyone may take part in a monthly challenge for free and have a chance to win one of 30 prizes. Everyone is welcome to take part in each month’s tournaments!

Rewards Program

All active funded traders are rewarded through the Funded Trader Rewards programme with bonuses for posting content! This is a terrific approach to present your results and make some money if you are already financed and want to earn a little more on the side.

Here are some of the rewards you can get:

  • Full interview: $125
  • Profits Post: $25
  • Trader Review Post: $25
  • Video Testimonial: $50
  • Trade Breakdown Video: $125

For any of the challenges, all you need to accomplish is be an active funded trader and have completed both evaluation steps. To collect your incentives, you can finish any one of the aforementioned tasks, or even all of them.

Maximum capital$1,500,000
Profit splitUp to 90%
ScalingYes
News tradingDepends
Weekend tradingDepends
Automated tradingDepends
Free trialNo
Maximum leverage1:200
The Funded Trader Features

The Funded Trader Review

Conclusion

Overall, The Funded Trader is a legitimate proprietary trading company that gives traders an opportunity to select from one of three financing options: Standard, Rapid, or Royal.

Industry-standard challenge programmes consist of a two-phase assessment process that must be finished in order to be financed and qualify for profit sharing. Before becoming funded, the Funded Trader asks traders to meet profit targets of 10% in phase one and 5% in phase two, which are reasonable trading goals given that you must adhere to maximum daily and maximum loss limitations of 6% and 12%, respectively. Standard challenge programmes allow you to scale your accounts and earn up to 90% profit shares.

On the other side, rapid challenge programmes are also industry-standard two-phase evaluation challenges that must be finished before getting financed and being qualified to receive profit splits. Before getting funded, The Funded Trader asks traders to meet profit targets of 8% in phase one and 5% in phase two, which are reasonable trading goals given that you must adhere to a 5% daily limit and 8% maximum loss regulation. Rapid challenge programmes allow you to scale your accounts while earning up to 90% profit splits.

Royal challenge programmes are also typical two-phase assessment challenges in the market that must be finished before funding and eligibility for profit sharing. Before getting funded, The Funded Trader asks traders to meet profit targets of 8% in phase one and 5% in phase two, which are reasonable trading goals given that you must abide by the 5% daily limit and 10% maximum loss regulations. You may scale your accounts while earning up to 90% profit splits through royal challenge programmes.

To anyone seeking for a prop firm with simple trading guidelines, The Funded Trader can be an excellent choice. They are a reputable prop company that provides great terms for a large group of people with various trading strategies. The Funded Trader is undoubtedly one of the best prop trading firms in the market after taking into consideration all they have to offer.

9Expert Score
The Funded Trader Rating

The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.

Programs
9
Conditions
9
Features
9

The Funded Trader Review

FAQ

What documents do I need in order to trade with The Funded Trader?

You need to confirm your identity and pass KYC/AML screening before they issue any Funded Accounts or any form of compensation to the customer associated to successfully completing one of the funding programmes. This won’t be a problem for 99% of individuals, and the check won’t take more than 5 minutes.

Do The Funded Trader have a free trial?

The Funded Trader don’t presently provide a risk-free trial. However, they do have future plans to include a free trial, and will let the prop firm community know when it becomes accessible.

Are there any countries The Funded Trader dont accept?

They cannot provide services to traders in the following nations due to limitations with payment exchange accounts:

Cuba
Iran
Lebanon
Syria
North Korea
Libya
Sudan
Somalia

Without exception, anybody found trading in prohibited nations will have their earnings withheld immediately.

When does the evaluation period start for my challenge?

Your assessment period will begin for both Phase 1 and Phase 2 of the Standard, Rapid, & Royal Challenge, as well as the one-step Knights Challenge, as soon as you place your first transaction. This includes pending orders placed, even if they have not yet been executed.

Is there an age requirement to get funded?

Yes, all of the programmes require that participants be at least 18 years old to enrol.

Do I have to meet minimum trading days once being a funded trader?

Once you reach the Funded Account, there are no minimum trading days required. However, if you do not trade the account for 65 consecutive days, it will expire and be marked as failed. If this happens, you can request to get a new account if you want to start trading after the 65-day mark. This limits hosting fees for accounts that expire and become failed.

Am I Trading on a Demo Account or Live Account?

Trading is done through a demo account at all times of the client’s cooperation with The Funded Trader in order to provide the best possible service to clients.

Please remember that a Funded Account is a fully simulated account with real market quotes from liquidity sources in order to avoid any mistake. A partnered proprietary trading firm receives the trading data and copies the deals at their discretion using aggregated orders and proprietary risk management methods.

What platforms can I trade on?

For all Funded Accounts, they offer trading through Eightcap MT4 & MT5.

Is The Funded Trader regulated?

The Funded Trader does not hold traders’ money or trade for the public or is not a broker. Thus, they don’t need to be regulated. Their ASIC-regulated broker, Eightcap, holds all traders’ funded accounts.

What payment methods are available?

You can pay for challenges using debit/credit card, bank transfer and a crypto wallet.

Do The Funded Trader allow automated trading?

They do allow Expert Advisors to be used but only on Royal Accounts.

Which options are available for payouts?

You can request your payout by Deel, BTC, ETH, or USDC.
The Funded Trader Review
The Funded Trader Review
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Prop Trading Firms

ProprietaryFirms.com is a website dedicated to reviewing prop trading firms. With an increasing demand of aspiring traders who are looking to get a funded account, there are more and more prop trading firms popping up nowadays. We can help traders to find the prop firms that meet their needs.

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