Exclusive Offers Now Available on THEFUNDEDTRADER!
15% Exclusive Discount Code (CEASER): Prove You're a Profitable Trader and Get up to $200,000 Under Management
|💰 Fees:||For the evaluation model, you pay for the challenge costs from $99 for a $15,000 funded account to $999 for a $200,000 funded account.|
|🚀 Profit split:||You will receive up to a 90% virtual profit split.|
|✔️ Evaluation:||A two-step evaluation.|
|🎯 Profit Target:||Phase 1 profit target: 8% Phase 2 profit target: 5%|
|⚓ Maximum drawdown (MDD):||Simulated Max Daily Drawdown: 5% (6% with simulated Drawdown Add-On) Simulated Maximum Total Drawdown: 10% (12% with simulated Drawdown Add-On)|
|⌛ Trading Period:||The Standard & Royal challenge is a two-phased evaluation with no time limits.|
|⚖️ Leverage:||Depending on the instrument, the leverage is up to 1:200. Trade forex pairs with 100:1 leverage (200:1 during evaluation), commodities with 40:1 leverage, indices with 20:1 leverage, and cryptocurrencies with 2:1 leverage.|
|🔧 Instruments:||Forex, Indices, Commodities and Cryptocurrencies.|
|📰 Allow Trade News:||It allows simulated news trading for both Phase I and Phase II and for Standard and Rapid Challenges Only.|
|🔄 Weekend Position:||The Funded Trader does allow holding trades over weekends for the following challenge accounts: Standard Challenge - Swing Account. Rapid Challenge - Swing Account.|
The Funded Trader is offering traders a staggering $600K in funding to develop razor-sharp strategies and skills. The Funded Trader is not a traditional prop firm: demo trading is practiced throughout the phases as the idea is virtual trading for real skills. This is not the place for traders looking for fast-track profits: the concept behind the Funded Trader is to develop skills and enable strategy deployment in a simulated market environment. Traders who progress through the Funded Trader program will graduate with newly honed skills, ready to conquer live markets and begin scaling their accounts.
The concept behind prop firms is simple: traders lacking capital can seek funding through a prop firm, with some companies offering up to $1 million to trade. The profits from the firm’s capital are shared between the trader and firm, generally with an 80/20 split in the trader’s favor. Prop firms do not distribute funded accounts to any recruit. However, traders wanting to join a firm must pass a series of internal evaluations (sometimes called a “Challenge”) to prove their mettle and get verified. In the case of the Funded Trader Program, it ticks all these boxes bar the fact that the funds in question remain virtual and traders use demo accounts even in the “Funded” stage.
Prop firms are enjoying a stellar rise in popularity and for good reason. Typically, prop firms will represent access to company capital, high-end trading tools and technology, educational resources, and inclusion into a global network of industry connections. Traders joining the Funded Trader Program will find an opportunity to develop new or improve existing trading strategies embodied within an interactive and stimulating framework
The Funded Trader is designed to develop traders’ skills and increase their confidence. Their mantra is simple: with the right support, mindset, tech tools, and smart risk management, anyone is capable of being an excellent and highly profitable trader. The platform brings together Challenges, an interactive “Treasure Hunt” app various competitions and Leaderboard initiatives to hone trading skills and encourage stimulating competition among their members.
In the same way that prop firms offering funding appeal to undercapitalized traders, the Funded Trader is the go-to platform for traders who lack the right resources to level up their trading game.
Their mission is to be the go-to portal of resources and community support for talented traders around the world. The Funded Trader Program was set up for the many traders facing the all-too-common roadblock of lacking or limited resources for developing or improving skills before entering the live markets. Traders of all ilk and strategy preferences are catered for, with a wide range of funding options and starting account sizes.
The draw of the Funded Trader Program extends beyond trading tools and resources alone; the platform is intended to function as a collaborative network of like-minded traders, a professional cohort of rookies and experts alike.
What are funded accounts?
To qualify as a funded trader, you need to prove your ability to generate consistent profits while managing risk effectively. The Funded Trader assesses applicants using three stages:
TFT Challenge review
When it comes to gamifying trading, the Funded Trader Program has knocked it out of the park. The Challenges are represented as a chance to “Build Your Empire.” Through a series of demo accounts traders can access up to $600K in funding, unlocking benefits and adding new skills along the way. There are four challenges to choose from:
In this Challenge traders need to trade at least three days. If you smash your profit targets and keep your trades within the Challenge parameters, you will receive a funded account eligible for a payout 21 days after placing their first trade. For beginner traders or those wanting to familiarize themselves with the Funded Trader Program this is an excellent launchpad.
The Royal Challenge is a two-phase evaluation program. Like the Standard option, the Royal Challenge allows traders unlimited days to reach their profit targets of 8% in Phase 1 and 5% in Phase 2. Traders must make sure to stay within 5% daily and 10% overall drawdown limits and trade for a minimum of 5 days. If there were one word to describe the Royal Challenge, it would be “flexible.” For example, if you prefer pressure-free trading then the absence of a time limit in the Royal Challenge may appeal as it lets you trade at your own pace. Another flexibility bonus is that there are no lot size limits in this Challenge which therefore accommodates a range of trading styles. Expert advisors and copy trading are permitted, as is weekend holding, and there are no restrictions on news trading.
The Royal Challenge was crafted to empower traders to elevate their trading game within wide confines of freedom and flexibility.
Rapid by name, rapid by nature. The Rapid Challenge is the fastest TFT evaluation program, in which traders could get their first payout in as little as 20 days. If you plump for the Rapid Challenge, then you simply select your starting capital and then trade towards the specific targets in Phase 1 and Phase 2. Why is it Rapid? Unlike the other options, the Rapid Challenge does not have a minimum trading day requirement. Rapid is as rapid does: if you are quick enough you could complete each phase in just one day! Traders are eligible for their first profit split after 14 days and there is the option to scale your account if you hit a minimum 10% profit on each payout cycle. The rapid challenge is best suited to skilled professionals who have their eyes on accelerated capital and scaling opportunities without the wait.
Finally, there is the “Knight’s Challenge,” a one-phase program in which traders have no time limit and the option to use Expert Advisors.
Like many prop firms, the Funded Trader encourages continual progress and healthy competition among their traders by offering scaling opportunities. In other words, with the right performance, consistent profits, and appropriate risk management you could gradually increase your account size (and therefore potential payouts). The Standard Challenge and Royal Challenge offer scaling on account review every three months: if a trader has met their targets for at least two out of the last three months (and meet specific criteria), they will be eligible for a 25% increase on their starting account balance.
Scaling requests are processed during payouts and profit withdrawals as to increase your balance you need to reset it to the starting amount. Traders on a Rapid Challenge account can also opt to scale up if they earn over 10 percent of the initial balance in a profit split. This would earn them an additional 10 percent. Traders can continue scaling their accounts upon reaching at least 10 percent of the initial balance. Moreover, two withdrawals must take place during the three-month period. The Funded Trader scaling plan gives traders the potential to grow their accounts up to 1.5 million USD and qualify for 90 percent payouts.
Let’s talk about the good stuff…
Prop firm challenges, also known as trading challenges or evaluation programs, are increasing in popularity for several reasons.
When assessed alongside competitor programs, the Funded Trader offers a host of extra perks and benefits you do not find across the board. These include:
It is in the big print, but it is worth stating the obvious: the Funded Trader offers virtual funds and demo accounts only. All trading and liquidity are simulated only, and even in the Funded phase traders will not be able to access or withdraw real money.
Angelo Ciaramello is the Co-Founder and CEO of The Funded Trader, a position he assumed after honing his expertise as an Analyst in Financial Systems Innovation at Bayer. His educational journey includes attending Rutgers University, where he presumably cultivated the skills and knowledge that have contributed to his successful career in the finance industry.
In 2022, Angelo Ciaramello was honored to be recognized as one of the Top 25 Financial Technology Leaders of New Jersey, a testament to his outstanding contributions and leadership in the finance and technology sectors.
|Channel||The Funded Trader Social proof|
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|Youtube||Account with 60k subscribers and 914 uploaded videos|
|Telegram||Account with 21.5k followers|
|Discord||Account with 82k followers|
|TrustPilot||The Funded Trader TrustPilot Customer Reviews, Feedback and Complaints|
|Trustpilot||On Trustpilot, The Funded Trader has currently 13.5k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.50/5.00. Reviewers embracing The Funded Trader most frequently mention Clear and fair rules, and no trading style restriction. The Funded Trader also has a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.|
The Funded Trader firm's reply behavior to negative reviews is up to the standard having replied to 79% negative reviews with a response time to their negative reviews in less than 14 days.
TrustPilot Reviews' Key takeaway
The Funded Trader offers a discount code of 25% on the account fee for all $5k - $25k Challenges. You can save a great deal of money. In addition, if you pass the evaluation process, you can receive a 125% Bonus + 12.5% challenge profits from phase ... [show/hide]
$ Coupon Code 25% OFF: BESTOFTFT1
Ending Date: Sunday 17 December, 2023
Terms: 25% off + 125% Bonus + 12.5% challenge profits from phase 1 and phase 2 for $5k - $25k Challenges
Here's the latest news from the grand council of TFT Trader:
Refund calculations are now automated! No more mischievous meddling – payouts include refunds, reducing error margins.
Exciting news! Free Trial accounts will be revealed this moon cycle. Test the royal challenge before investing your gold.
Payout requests made easy! Our updated flow ensures swift adjustments to your account, allowing you to resume trading in ... [show/hide]
Tuesday 14 November, 2023