Uncovering the Truth: The Funded Trader Review 2023


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The Funded Trader Review

Introduction: The Funded Trader.

The Funded Trader operates as a proprietary firm, also known as a prop firm, providing skilled traders with the opportunity to trade using a funded account. With the ability to unlock accounts up to $600k, traders can experience significantly larger profits compared to trading with a small account.

The Funded Trader has built a solid reputation within the realm of online prop firms and boasts an impressive Trustpilot rating of 4.7/5. However, the question remains: is it the ideal prop firm that aligns with your specific trading requirements and goals?

Continue reading our comprehensive review of The Funded Trader to determine if it suits your needs as the best prop firm option.


How Does The Funded Trader Work?

Like many Prop firms, The Funded trader provides funded trader access to traders who passes their challenges. There are four different challenges, each with its own trading rules and objectives:

  • THE STANDARD CHALLENGE: The Standard Challenge consists of a two-phased evaluation process where a trader has 35 calendar days to pass the first phase and another 60 days to pass the second phase. In each phase, there are certain rules and objectives the trader must achieve and abide by in order to pass the challenge and earn a Funded Account.
  • THE RAPID CHALLENGE: The Rapid Challenge is our two-step evaluation program in which you can get your first payout in as little as 20 days! Traders are able to sign up for this challenge using a $50k, $100k, or $200k account. Simply choose the amount of capital you would like to manage and pass the evaluation by meeting the Trading Objectives during Phase-1 and Phase-2 of the evaluation. With the Rapid Challenge, there are no minimum trading days on your evaluation. Your first profit split is eligible after 14 days once you earn your funded account.
  • THE ROYAL CHALLENGE: The Royal Challenge is our newest exciting program. Similar to the two-step evaluation process like our Standard and Rapid Challenge, the main advantage of this program is that it is the only challenge that allows you to use EAs and trade news with higher leverage. With the Royal Challenge, there are no lot size limitations, and you only need to complete a minimum of 5 trading days to complete the objectives for both phases.
  • THE KNIGHT CHALLENGE: Ideal for traders looking for a quicker payout, this challenge requires only one phase, and the first payout can be achieved within just 7-10 days.


The Funded Trader Pricing & Plans

The Funded Trader offers various trading challenges to cater to the diverse needs and preferences of traders. Let’s take a closer look at each challenge:

Standard Challenge

  • Trading Period: Unlimited (STEP 1 & STEP 2)
  • Profit Target: 10%
  • Maximum Loss: 10%
  • Maximum Daily Loss: 5%
  • Profit Split: 80% | 90% With scaling
  • Refundable Fees: $65- $1879 USD
  • Account Size: $5,000 $10,000 $25,000 $50,000 $100,000 $200,000 $300,000 $400,000

Rapid Challenge

  • Trading Period: 35 Days (STEP 1 & STEP 2) Total 60 Days
  • Profit Target: 8%
  • Maximum Loss: 8%
  • Maximum Daily Loss: 5%
  • Profit Split: 80% | 90% With scaling
  • Refundable Fees: $79- $899 USD
  • Account Size: $5,000 $10,000 $25,000 $50,000 $100,000 $200,000

Royal Challenge

  • Trading Period: 35 Days (STEP 1 & STEP 2) Total 60 Days
  • Profit Target: 8%
  • Maximum Loss: 10%
  • Maximum Daily Loss: 5%
  • Profit Split: 80% | 90% With scaling
  • Refundable Fees: $289 – $1869 USD
  • Account Size: $50,000 $100,000 $200,000 $300,000 $400,000

Knight Challenge

  • Trading Period: Unlimited (STEP 1 ONLY)
  • Profit Target: 10%
  • Maximum Loss: 6%
  • Maximum Daily Loss: 3%
  • Profit Split: 80% | 90% With scaling
  • Refundable Fees: $189- $939 USD
  • Account Size: $25,000 $50,000 $100,000 $200,000


The Phases of a Funded Trader’s Journey

To ensure that traders progress in a structured manner and develop their skills, The Funded Trader has divided the journey into distinct phases. Let’s explore these phases:

Phase 1: The Challenge

Phase 1 is the first phase of the evaluation process. You must achieve a profit target while following the rules. Once you successfully complete all of the trading objectives and prove your skills, you will receive your phase 2 account within 24 hours and continue your path to getting funded.

If you are on the 1 Phase challenge, skip to step 3

Phase 2: Verification

Phase 2 is the validation phase where you will again prove your skills. You must achieve a profit target while following the rules. Once you successfully complete all of the trading objectives and prove your skills, your results will be verified and you will move forward to becoming a Funded.

Phase 3: The Funded Trader

You have officially made it! Now you are eligible to join our Proprietary Trading Firm. You must continue to display a professional level of risk management as well as consistency and you will receive up to a 90% profit split. Your performance will be evaluated every 3 months and if eligible you can scale up to $1,500,000 in account balance.


The Funded Trader Features

The Funded Trader provides many features that help set it apart from some of its competitors, including the following:

  • Numerous challenge options – Many prop firms only allow for one way to gain eligibility, maybe two if you’re lucky. With The Funded Trader, however, you can choose from one of four challenges depending on which one suits you best.
  • Scale up to $1.5 million – Successful traders can continue to grow their account size all the way up to $1.5 million, which is one of the highest among competing prop firms.
  • Discord channel – More and more traders enjoy the community aspect of Discord channels, and The Funded Trader has a rapidly growing community of traders exchanging ideas on their Discord.
  • A strong track record – With over 6,500 reviews on Trustpilot and a 4.7/5 (“Excellent”) rating, you can count on The Funded Trader to be a reliable and legitimate prop firm.
  • Trading platform– The funded trader provides trade trading platforms for the best forex brokers like Eightap and ThinkMarkets.You can trade on trading platforms MetaTrader 5 and MetaTrader 4 with desktop and mobile applications.
TFT trading platforms
TFT trading platforms

Payout System

The default payout ratio for all Funded Trader Live Accounts is set to 80% with the opportunity to become eligible for our Scaling Plan. If you meet the terms depending on the account type we will increase your balance by up to 25%. You will also be updated to 90% profit splits! You can also qualify for our King’s Program, where you receive instant payouts and anytime withdrawals.

As in The Funded Trader program, you will be able to request payouts through the Trade Hub. The payout can be requested through Deel, which offers various payout options including Bank Transfer, Deel Card, Coinbase, Paypal, Payoneer, Revolut, Wise etc. Your withdrawal is our priority as we strive to deliver all payouts within 24 hours!

Watch the full video on The Funded Trader honest review

The Funded Trader Program | Honest Review 2023 – video credit: Blue Edge Forex


Conclusion

The funded trader program offers a unique opportunity for traders to access substantial capital and pursue their trading dreams. With a range of challenges and well-defined phases, traders can progress and develop their skills in a structured manner. However, it’s important for aspiring traders to carefully consider their goals, risk tolerance, and trading strategies before participating in the funded trader program.

If you are ready to take the next step and unlock your potential as a funded trader, click here to get access now.


FAQs (Frequently Asked Questions)

  1. What is the funded trader program?
  • The funded trader program provides traders with the opportunity to trade with a substantial amount of capital without risking their own money. It offers various challenges and structured phases to help traders progress and succeed.
  1. How do I choose the right trading challenge?
  • The choice of trading challenge depends on your experience level, risk appetite, and trading goals. Evaluate your skills and preferences to determine which challenge suits you best.
  1. Can I use my own trading strategies in the funded trader program?
  • Yes, the funded trader program allows traders to use their own trading strategies. However, it’s important to adhere to the profit targets and risk management guidelines set by the program.
  1. What happens if I don’t meet the profit targets or drawdown limits?
  • If you don’t meet the profit targets or drawdown limits in a particular phase, you may have the opportunity to retry or reset the challenge. The Funded Trader aims to support traders in their journey and provide opportunities for growth.
  1. How long does it take to progress through the phases?
  • The time taken to progress through the phases of the funded trader program depends on various factors, including individual performance, market conditions, and trading strategies. It can vary from trader to trader.

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