FUNDERPRO VS THEFUNDEDTRADER
Rating breakdown
FunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Compare FUNDERPRO VS THEFUNDEDTRADER Trading Features
| Trading Feature | FUNDERPRO | THEFUNDEDTRADER |
|---|---|---|
| 💰 Fees: | FunderPro offers four tiers of funded account challenges: a $25K balance costs $250, a $50K balance costs $300, a $100K balance costs $550, and a $200K balance costs $995. Scaling plan up to $5 million. | 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: | The FunderPro funded account challenge pays out 80% of the profits. | You will receive up to a 90% virtual profit split. |
| ✔️ Evaluation: | FunderPro’s flagship product is a two-step evaluation. | A two-step evaluation. |
| 🎯 Profit Target: | 10% for Stage 1 and 8% for Stage 2. | Phase 1 profit target: 8% Phase 2 profit target: 5% |
| ⚓ Maximum drawdown (MDD): | 10% maximum loss throughout the challenge. 8% maximum daily loss. | Simulated Max Daily Drawdown: 5% (6% with simulated Drawdown Add-On) Simulated Maximum Total Drawdown: 10% (12% with simulated Drawdown Add-On) |
| ⌛ Trading Period: | Unlimited time to complete the challenge. | The Standard & Royal challenge is a two-phased evaluation with no time limits. |
| ⚖️ Leverage: | The leverage in FunderPro for the Regular Challenge and Funded Accounts is Forex: 1:100, Metals, Oil, and Indices: 1:50, Crypto: 1:2 | 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, cryptocurrencies and stocks. | Forex, Indices, Commodities and Cryptocurrencies. |
| 📰 Allow Trade News: | No FunderPro does not allow news trading. You can close the trading before 2 minutes of high-impact news and re-open trading after 2 minutes. | It allows simulated news trading for both Phase I and Phase II and for Standard and Rapid Challenges Only. |
| 🔄 Weekend Position: | No you cannot hold trades during weekend. | The Funded Trader does allow holding trades over weekends for the following challenge accounts: Standard Challenge - Swing Account. Rapid Challenge - Swing Account. |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Funderpro vs Thefundedtrader.
Compare FUNDERPRO VS THEFUNDEDTRADER Funded Trading Accounts Programs - Find the best firm for you
FUNDERPRO VS THEFUNDEDTRADER Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | The FunderPro Challenge is simple and straightforward. Traders select their account size- $25k, $50k, $100k, or $200k. The requirements are easily followed without unnecessary complications - max daily and overall losses are fair, and traders have all the time they need to trade because there is no deadline for the challenge to be completed. On the other hand The Funded Trader Challenge is not a piece of cake but for a good reason. The idea behind prop firms is to headhunt expert traders. They are offering complicated multi-step funding models and programs with complex rules. |
| Customer support | The FunderPro team is reliable and helpful. Traders get paid weekly with a profit share every Friday. On the other hand The Funded Trader accommodates various trading styles. Whether you're into day trading or swing trading TFT offers an evaluation program tailored to you. |
| Fee | FunderPro is actually a pretty decent value for every account size. it is also focused on its traders, which could mean that they provide a better experience for their clients. On the other hand The Funded Trader offers Low fees to purchase challenge accounts making them affordable to almost everyone. In addition, the fee will be refunded to traders once they become a Funded Trader. |
| Payout scheme | With FunderPro after your first payout, you will continue to receive payouts on a weekly basis. Your profit split will be 70% based on the profit you make on your funded account. While this isn't as generous a profit split as some rivals, the challenge conditions are not as strict, making it easier to come out winning. For this reason, they score highly on this metric. On the other hand TFT stands out with its generous payouts, surpassing many competitors in the prop trading industry. |
The Verdict: Funderpro or Thefundedtrader?
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Funderpro is more reliable based on our criteria above.
What We Really Like on Funderpro
Exclusive Discount Code (20% Off Exclusive Offer)
Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
What We Do not Like on Thefundedtrader
While Eightcap provides many different instruments, only a few of them are available;
Trading cryptocurrencies is possible only during the challenge.
Other Important Factors That Influence Our decision the most
Key Challenges and Frustrations Faced by Thefundedtrader Users
Behind this decision lie some aspects of the TFT nature and offering, that merit improvement or cause frustration or doubts in the heads of TFT users:
- Not the easiest and best option for beginners
Due to the fact that it offers significantly more cryptos and especially altcoins as well as offering more complex tools and additional services, TFT is perhaps too daunting for newbies. - Delays and inaccessibility of customer support
There have been complaints about the responsiveness and availability of TFT’s customer support, criticizing mostly that there was no direct contact phone number and that other electronic communication methods were not as responsive, often taking days to get back to is users. - Security and transparency concerns
Claims it was hacked that were later refuted and a debate on where it is headquartered, which, following the Maltese authorities’ clarification that it is not registered with them and not permitted to operate from their soil, still remains a mystery of some sort may put off some potential or even existing TFT users off.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Funded Trading Accounts based on your precise requirements here.