The Funded Trader is a prop trading firm located in Miami, Florida, USA.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from TheFundedTrader.

Here’s what you’re going to learn:

• What Is The Funded Trader And What Does It Offer
• The Funded Trader Reviews
• The Funded Trader Standard Challenge
• The Funded Trader Rapid Challenge
• The Funded Trader Royal Challenge
• The Funded Trader Knights Challenge
• The Funded Trader EAs (Expert Advisors)
• The Funded Trader Free Trial
• The Funded Trader Free Repeat
• The Funded Trader Platforms
• The Funded Trader Trading Hours
• The Funded Trader News Trading
• The Funded Trader Payment Types
• Is The Funded Trader Legit?
• Recap
• Learn More

What Is The Funded Trader And What Does It Offer

The Funded Trader is a prop firm located in Miami, Florida, USA. It was founded in 2021 so it’s a quite recent company.

What can you trade with The Funded Trader?

The Funded Trader is a prop firm that funds traders to trade Forex and other CFDs trading assets.

Here’s a list of all of them:

• Forex: All major, minor, and even exotic pairs are there if you are a Forex trader.
• Indices: Traded as CFDs, you have all the important indices available to trade including Dax, Nasdaq, Dow Jones, S&P500, FTSE, and others.
• Metals: Silver, Gold, and Platinum.

What are The Funded Trader account sizes?

The Funded Trader funds traders with account balances that go from $10,000 up to $400,000.

To get access to a funded account you need to choose and pass one of four different Challenges. The price of the Challenge is different according to the account size that you are applying to.

The prices of the smaller funded account start at $129 and go up to $1869 for the bigger account.

What is The Funded Trader leverage?

The leverage provided by the prop firm is different depending on whether you are trading a challenge account, a funded account, and also between a regular account and a swing account.

Standard Challenge leverage:

Account Type	Forex	Gold and Commodities	Indices
Regular account – Challenge	1:200	1:40	1:20
Regular account – Funded	1:100	1:40	1:20
Swing account – Challenge	1:60	1:20	1:5
Swing account – Funded	1:30	1:10	1:5

Rapid Challenge leverage:

Account Type	Forex	Gold and Commodities	Indices
Regular account – Challenge	1:100	1:40	1:20
Regular account – Funded	1:100	1:40	1:20
Swing account – Challenge	1:30	1:10	1:5
Swing account – Funded	1:30	1:10	1:5

Royal Challenge leverage:

Account Type	Forex	Gold and Commodities	Indices
Regular account – Challenge	1:200	1:40	1:20
Regular account – Funded	1:100	1:40	1:20

Knights Challenge leverage:

Account Type	Forex	Gold and Commodities	Indices
Regular account – Challenge	1:30	1:10	1:5
Regular account – Funded	1:30	1:10	1:5

As you can see, on two of the challenges, the leverage decreases when you get a funded account. This is not necessarily bad unless you trade with the maximum available leverage.

How much is The Funded Trader payout?

All Challenges from The Funded Trader come with an 80% profit split. You get 80% of all the profits that you made once you get funded, and the prop firm keeps 20% for them.

This profit split can increase up to 90% with account scaling. That’s a generous payout for the trader.

The Funded Trader Reviews

According to Trustpilot, The Funded Trader is classified as excellent. It’s scoring 4.6/5.0 after almost 6,000 reviews from users.

The Funded Trader Standard Challenge

When you opt to take the Standard Challenge, you need to go through two different phases.

In each phase, you have to achieve a minimum profit target, within a trading period, without exceeding drawdown limits.

Let’s look at them in detail.

Phase 1

During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:

• Daily drawdown: Maximum of 6% of the equity/balance (the higher one) at the start of the day.
• Overall drawdown: Maximum of 12% from the starting balance.
• Profit target: 10%
• Trading period: You need to achieve the profit target within 35 calendar days.
• Minimum trading days: You need to open trades on at least 3 different days.

Phase 2

When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:

• Daily drawdown: Maximum of 6% of the equity/balance (the higher one) at the start of the day.
• Overall drawdown: Maximum of 12% from the starting balance.
• Profit target: 5%
• Trading period: You need to achieve the profit target within 60 calendar days.
• Minimum trading days: You need to open trades on at least 6 different days.

The Funded Trader Rapid Challenge

When you opt to take the Rapid Challenge, you need to go through two different phases, and you can get your first payout in as little as 20 days.

There are no minimum trading days to complete this challenge.

Let’s look at all details.

Phase 1

During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:

• Daily drawdown: Maximum of 5%
• Overall drawdown: Maximum of 8% from the starting balance.
• Profit target: 8%
• Trading period: You need to achieve the profit target within 35 calendar days.
• Minimum trading days: There are no minimum trading days.

Phase 2

When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:

• Daily drawdown: Maximum of 5%
• Overall drawdown: Maximum of 8% from the starting balance.
• Profit target: 5%
• Trading period: You need to achieve the profit target within 60 calendar days.
• Minimum trading days: There are no minimum trading days.

The Funded Trader Royal Challenge

When you opt to take the Rapid Challenge, you need to go through two different phases like the other challenges.

Here are the details for each phase:

Phase 1

During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:

• Daily drawdown: Maximum of 5%
• Overall drawdown: Maximum of 10% from the starting balance.
• Profit target: 8%
• Trading period: You need to achieve the profit target within 35 calendar days.
• Minimum trading days: You need to trade for a minimum of 5 days.

Phase 2

When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:

• Daily drawdown: Maximum of 5%
• Overall drawdown: Maximum of 10% from the starting balance.
• Profit target: 5%
• Trading period: You need to achieve the profit target within 60 calendar days.
• Minimum trading days: You need to trade for a minimum of 5 days.

During phase 2 of this challenge, you’ll be trading live conditions.

The Funded Trader Knights Challenge

The Knights Challenge is a one-step challenge. There are no different phases in the process.

You have the goal to achieve a profit target within unlimited calendar days.

• Daily drawdown: Maximum of 3%
• Overall drawdown: Maximum of 6% from the starting balance.
• Profit target: 10%
• Trading period: No time limit.
• Minimum trading days: There are no minimum trading days.

The Funded Trader EAs (Expert Advisors)

Do you trade with an EA?

If so, The Funded Trader got you covered.

You are free to use EAs and Trade copiers in the following accounts:

• Royal Challenge
• Knights Challenge

These accounts are restricted to be used with EAs though:

• Standard Challenge – Regular Accounts
• Rapid Challenge – Regular Accounts
• Standard Challenge – Swing Accounts
• Rapid Challenge – Swing Accounts

There are also some limitations to the strategies used by the EAs. Here are some that are not allowed:

• Grid Trading
• Martingale Trading
• High-Frequency Trading (HFT)
• Hedging or Group Hedging Across Multiple Accounts
• Copy Trading from Third-Party Signals
• Account Management Services
• Arbitrage Trading (Latency or Reverse)
• Grid Trading

The Funded Trader Free Trial

Unfortunately, The Funded Trader doesn’t offer free trials at the moment, but you can get a free repeat which is also good.

The Funded Trader Free Repeat

The Funded Trader provides free repeats for traders who want to take the challenges again.

The only requirement is that you are profitable at the end of the trading period (although you didn’t achieve the profit target), and of course, that you didn’t violate any rule.

Use the promo code link below to get unlimited free repeats. Don’t forget to delete your cookies if you already visited The Funded Trader website.

The Funded Trader Platforms

The Funded Trader gives you access to the most popular trading platform used by Forex brokers.

You can use:

• MetaTrader 5
• cTrader
• Match-Trader
• DXtrade

The Funded Trader Trading Hours

Holding trades during the weekend is not allowed for the following challenge accounts:

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

At the end of each week, Friday by 4:00 PM EST, your trades must be closed if you are using one of the accounts mentioned.

If you trade one of these accounts, trading over the weekend is allowed:

• Standard Challenge – Swing Account
• Rapid Challenge – Swing Account
• Royal Challenge
• Knight’s Challenge

You can keep your trades open for as long as you need, according to your own trading style.

The Funded Trader News Trading

News restrictions don’t apply to Swing account types and Royal account types.

However, other account types have restrictions. You are not allowed to open and close positions within the time window that goes from 2 minutes before and 2 minutes after high-impact news is released.

Here’s a table with all the news trading allowance:

Account type	Challenge Account	Funded Account
Regular Standard Challenge Account	Yes	No
Swing Standard Challenge Account	Yes	Yes
Regular Rapid Challenge Account	Yes	No
Swing Rapid Challenge Account	Yes	Yes
Royal Challenge Account	Yes	Yes
Knights Challenge Account	Yes	No

The Funded Trader Payment Types

Here are all the payment types accepted by The Funded Trader:

• PayPal
• Crypto
• Payoneer
• Revolut
• Wise
• Deel Card
• Coinbase

Is The Funded Trader Legit?

Yes, The Funded Trader is a legit company.

Here are the contacts to reach them:

• Email: support@thefundedtraderprogram.com
• Phone: (888) 920-3079
• Address: 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642

Recap

• The Funded Trader is a prop trading firm based in the US.
• You can get a funded account with up to $400,000 in balance and up to 90% profit split payout.
• To get access to a funded account you need to pass one of four different challenges.
• You can trade Forex, Indices, and Metals.
• The popular MT5 platform is available to trade.

Learn More

• PropScan – challenge filter and selector
• What is prop trading
• List of the best prop trading firms
• Compare any prop firm
• The best Forex prop firms