REVIEW SUMMARY
The Funded Trader is a Forex prop firm, located in Miami, Florida, USA. It was founded in 2021.
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $1,500,000
Profit split: up to 90%
Cost: from $129
Platforms: MetaTrader4, and MetaTrader5
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:
The Funded Trader is a prop firm located in Miami, Florida, USA. It was founded in 2021 so it’s a quite recent company.
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:
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.
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.
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.
According to Trustpilot, The Funded Trader is classified as excellent. It’s scoring 4.6/5.0 after almost 6,000 reviews from users.
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.
During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:
When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
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.
During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:
When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
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:
During this phase, you need to achieve a profit target within 35 calendar days. Here are all the details:
When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
During phase 2 of this challenge, you’ll be trading live conditions.
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.
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:
These accounts are restricted to be used with EAs though:
There are also some limitations to the strategies used by the EAs. Here are some that are not allowed:
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 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 gives you access to the most popular trading platform used by Forex brokers.
You can use:
Holding trades during the weekend is not allowed for the following challenge accounts:
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:
You can keep your trades open for as long as you need, according to your own trading style.
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 |
Yes, The Funded Trader is a legit company.
Here are the contacts to reach them:
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