Tiger Funded Review
Tiger Funded is a proprietary trading firm that offers evaluation programs for traders seeking to manage larger capital. Known for its high 95% profit split and flexible trading conditions, the firm provides both 1-Step and 2-Step Challenges with account sizes ranging from $10,000 to $300,000.
Tiger Funded Review
Summary
Tiger Funded is a proprietary trading firm offering evaluation programs for traders seeking to manage larger capital. The firm provides a straightforward path to funded trading through its 1-Step and 2-Step Challenges, catering to different trader preferences and risk tolerances. With a high 95% profit split for funded traders, flexible account sizes ranging from $10,000 to $300,000, and the potential to scale accounts up to $2,000,000, Tiger Funded positions itself as an attractive option in the prop trading landscape.
The firm stands out for its trader-friendly conditions. Traders can employ their preferred strategies without restrictions, as Tiger Funded allows news trading, Expert Advisors (EAs), and weekend/overnight position holding. Unlike many prop firms, Tiger Funded welcomes US-based traders. Both evaluation and funded accounts have no time limits, allowing traders to develop their strategies without undue pressure.
Tiger Funded’s commitment to trader success is evident in several unique features. They offer a free reset option after the first payout, providing a valuable second chance for funded traders. The firm also allows traders to keep 20% of their profits from the challenge phase, adding an extra incentive for strong performance during evaluation. With a 12% EOD static drawdown limit, traders have a reasonable buffer for managing risk.
Cost-effectiveness is another key aspect of Tiger Funded’s offering. They claim to have the world’s lowest prices for their challenges, and they provide a 100% refund of the challenge fee upon successful completion. This pricing structure, combined with their high profit split, makes Tiger Funded an economically appealing choice for many traders.
Customer support is a priority, with 24/7 assistance available to address any concerns or questions traders may have. This round-the-clock support ensures that traders can get help whenever they need it, regardless of their time zone or trading hours.
Let’s delve deeper into Tiger Funded’s programs, conditions, and features to provide a comprehensive understanding of what this proprietary trading firm offers to aspiring funded traders.
Tiger Funded Review
Programs
Tiger Funded offers two comprehensive evaluation programs designed to assess traders’ skills and provide them with the opportunity to manage substantial capital: the 1-Step Challenge and the 2-Step Challenge.
1-Step Challenge
Tiger Funded’s 1-Step Challenge is a streamlined evaluation process for traders confident in their ability to demonstrate profitability in a single phase. The program offers account sizes ranging from $10,000 to $300,000, with a 10% profit target. Risk management is a key focus, with traders required to adhere to a 3% daily drawdown limit and a 6% maximum drawdown limit, both calculated on a balance basis. These restrictions encourage disciplined trading and effective risk management. Tiger Funded’s fee structure for the 1-Step Challenge is trader-friendly, with fully refundable fees upon successful completion. Fees range from $89 for the $10,000 account to $999 for the $300,000 account.
Upon passing the challenge, traders access a funded account with the same drawdown limits but no profit target constraint. Tiger Funded offers a 95% profit split for funded traders, allowing them to retain the majority of their trading gains.
2-Step Challenge
Tiger Funded’s 2-Step Challenge offers a gradual evaluation process, maintaining the same account size options as the 1-Step Challenge but divided into two phases: Trading Challenge and Verification. The first step requires an 8% profit target, followed by a 5% target in the verification stage. The cumulative 13% target is higher than the 1-Step Challenge, but split across two phases.
Drawdown limits are more lenient, with a 5% daily drawdown limit and a 12% maximum drawdown limit, both balance-based. These expanded limits provide more flexibility for traders. The program offers unlimited trading days for both phases, with a minimum of one trading day required in each step. This allows traders to adapt strategies to market conditions without time pressure. The fee structure is fully refundable upon successful completion, ranging from $79 for the $10,000 account to $969 for the $300,000 account.
Tiger Funded Review
Conditions
Tiger Funded has established a set of comprehensive conditions designed to balance trader flexibility with responsible risk management, creating an environment that fosters growth while maintaining financial stability. These conditions cover various aspects of trading;
Drawdowns
Tiger Funded implements strict drawdown limits to ensure responsible risk management. For the 1-Step Challenge, traders must adhere to a 3% daily drawdown limit and a 6% maximum drawdown. The 2-Step Challenge offers more lenient conditions with a 5% daily drawdown and a 12% maximum drawdown. These limits are balance-based, meaning they’re calculated from the account’s current balance rather than the starting balance. This approach encourages traders to maintain consistent performance and protects capital from excessive losses.
Payouts
Tiger Funded offers a competitive 95% profit split for funded traders, allowing them to retain a significant portion of their earnings. The firm commits to a 7-day payout schedule, ensuring traders can access their profits in a timely manner. Additionally, Tiger Funded operates with 0% commissions, which means traders don’t have to worry about transaction fees eating into their profits. This transparent fee structure allows traders to focus on their strategies without concerns about hidden costs.
Trading Days
Flexibility is a key feature of Tiger Funded’s programs. Both the 1-Step and 2-Step Challenges offer unlimited trading days, allowing traders to complete the challenge at their own pace. However, a minimum of one trading day is required to ensure active participation. This structure accommodates various trading styles, from day trading to swing trading, without imposing strict time constraints that might force traders into unnecessary risks.
Trading Strategies
Tiger Funded demonstrates an open approach to trading strategies. The firm allows news trading, which can be crucial for traders who base their decisions on economic events and announcements. Expert Advisors (EAs) are also permitted, catering to algorithmic traders. Furthermore, Tiger Funded allows weekend and overnight holding of positions, providing flexibility for traders who prefer longer-term strategies or need to manage positions across different market sessions.
Scaling Plan
Tiger Funded offers a structured scaling plan that allows traders to grow their accounts significantly over time. The maximum account size achievable through this plan is an impressive $2,000,000, providing ample opportunity for successful traders to manage substantial capital. To qualify for scaling, traders must demonstrate consistent profitability by achieving a 12% profit within a 3-month period. Upon meeting this target, Tiger Funded rewards the trader by increasing their account size by 25% of the initial balance.
Refund
Tiger Funded offers a partial refund of the challenge fee upon successful completion of the program. The refundable amount varies based on the account size. For instance, in the 1-Step Challenge, the $10,000 account has a fee of $120 with $89 refundable, while the $300,000 account has a fee of $1,199 with $999 refundable. This refund policy aligns the firm’s interests with those of successful traders. Additionally, Tiger Funded provides a free reset option after the first payout if a trader fails, offering a valuable second chance to maintain funded status.
Tiger Funded Review
Features
| Maximum capital | $300,000 |
| Profit split | Up to 95% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Tiger Funded offers a range of features designed to support traders in their journey to becoming successful funded traders.
Trading Platform
Tiger Funded utilizes the Match-Trader platform, a comprehensive solution for forex and proprietary trading. This platform integrates TradingView charts, known for their advanced analytical capabilities, providing traders with a user-friendly interface suitable for all experience levels. Match-Trader supports essential functionalities such as multi-chart modes, enabling simultaneous analysis of multiple charts. It offers real-time data access, ensuring traders have the latest market information for informed decision-making. The integration with TradingView charts provides a variety of technical analysis tools and indicators at no extra cost, enhancing traders’ ability to optimize strategies.
Additionally, Match-Trader includes a CRM system for efficient client account management, beneficial for proprietary firms like Tiger Funded. The platform’s high processing capacity ensures smooth performance during peak trading times.
Dashboard
Tiger Funded offers a user-friendly and customizable dashboard for traders. This feature allows traders to personalize their trading environment, potentially including options to arrange market data, charts, and account information according to individual preferences.
Support
Tiger Funded offers support through two main channels. Traders can access real-time support and community interaction through their Discord server. For more formal inquiries or detailed assistance, traders can reach out via email. This dual-channel approach allows for both immediate and in-depth support, catering to different trader needs and preferences.
Knowledge Base
While Tiger Funded doesn’t feature a traditional knowledge base, they provide a comprehensive FAQ section on their website. This FAQ covers a wide range of topics including general questions about the funding process, account limits, profit retention from challenges, and other common queries. The FAQ serves as a quick reference guide for traders, offering clear answers to frequently asked questions about the Tiger Funded program and its operations.
Keep 20% of Challenge Profits
Traders are allowed to keep 20% of their profits from the challenge phase once they become funded. This additional incentive rewards strong performance during the evaluation stage and provides an extra boost to traders’ earnings.
Broker Integration
Tiger Funded operates as both a proprietary trading firm and a broker, providing direct market access to their traders. This integrated approach streamlines the trading process by eliminating the need for traders to deal with external brokers. It potentially offers benefits such as faster execution and simplified account management, although specific details about execution quality and available markets are not provided on the website.
Free Reset After First Payout
Tiger Funded provides a free reset option upon failure after the first payout. This unique feature offers funded traders a valuable second chance to maintain their status, demonstrating the firm’s commitment to supporting trader success over the long term.
Affiliate Program
Tiger Funded offers an attractive affiliate program that stands out in the industry. Affiliates earn a substantial 20% commission for each referral who becomes a funded trader, surpassing typical rates. The program features a user-friendly dashboard for real-time tracking of referrals and earnings, allowing affiliates to monitor their performance effectively. Tiger Funded ensures prompt compensation with weekly payouts every seven days, enabling affiliates to reap the benefits of their successful referrals quickly.
Tiger Funded Review
Conclusion
In conclusion, Tiger Funded offers a compelling proposition for traders seeking a proprietary trading firm. Their strengths lie in the generous 95% profit split, flexible trading conditions, and the opportunity to scale accounts up to $2 million. The affiliate program, with its high commission rate and frequent payouts, provides an additional avenue for earnings. However, prospective traders should be mindful of the drawdown limits and ensure they fully understand all rules and conditions before participating. Overall, Tiger Funded presents a balanced offering with trader-friendly features.
Tiger Funded Review
