The Funded Trader Review
The Funded Trader LLC, a proprietary trading firm established on May 12, 2021, operates out of Liberty Hill, Texas, under the leadership of CEO Angelo Ciaramello. The company offers traders a selection of five different account types along with a variety of evaluation processes including three two-step evaluations, a single one-step evaluation, and a three-step evaluation. They collaborate with Voyage Markets and Purple Trading as their brokerage partners.
- Platforms for Prop Trading: MetaTrader 4
- Participation cost: from $59
- Available capital for management: from $5,000 to $200,000
- Leverage Available up to 1:100
- No Restrictions on Minimum or Maximum Trading Days
- Maximum Overall Drawdown Capability up to 14%
- Maximum Daily Drawdown Capability up to 7%
- First Profit Withdrawal Available After 5 Days
- Payouts Every 5 Calendar Days
- Profit Sharing Between 80% and 90%
- Permission for Overnight and Weekend Positions
- A Broad Range of Trading Options (including Forex Pairs, Commodities, Indices, Cryptocurrencies)
- Trading During News Events Allowed (During Evaluation Phase)
Go to the Funded Trader website >>>
Expert Advisors Suitable for this Prop Firm:
The Funded Trader Programs
The Funded Trader is on the lookout for dedicated and skilled traders who can demonstrate their expertise in navigating volatile market conditions with the support of the firm's resources. Traders are given the chance to generate significant earnings, with the autonomy to handle accounts as large as $200,000 and benefit from profit splits of up to 95%. Success can be achieved by trading a diverse range of financial instruments such as forex pairs, commodities, indices, and cryptocurrencies.
Standard Challenge The Funded Trader Program
The Funded Trader rules:
Profit Targets: Traders are required to meet specific profit goals to successfully complete evaluation phases, withdraw profits, or increase their trading account size. For Phase 1, the profit goal is 10%, while Phase 2 has a lower target of 5%. Funded accounts, however, are not subject to predetermined profit targets.
Maximum Daily Loss: Traders must not exceed a loss limit of 5% in a single trading day across all account sizes, to avoid violating account conditions (this can extend to 6% with an additional option).
Maximum Loss: There is an overall loss limit set at 10% for all accounts, which means traders cannot incur losses beyond this percentage without breaching their account terms (this limit increases to 12% with an add-on).
Minimum Trading Days: Traders must trade for at least three days during the evaluation phases to meet the requirement for successful completion.
No Martingale: The use of any martingale strategies is strictly forbidden during trading.
No Weekend Holding: Positions must be closed before the market closes on Friday, as holding trades over the weekend is not allowed, except in the Swing Standard Challenge where weekend holding is permitted.
No Expert Advisors: Traders are not allowed to use Expert Advisors in their trading activities, although this restriction can be lifted with an add-on.
Participation cost:
- $5,000 - $100
- $10,000 - $200
- $25,000 - $300
- $50,000 - $400
- $100,000 - $500
The Funded Trader Standard Challenge offers traders the chance to manage accounts ranging from $5,000 to $200,000, aiming to identify disciplined and profitable traders who can effectively manage risk. The challenge spans two evaluation phases, with trading leverage up to 1:200 in both phases and up to 1:100 in funded accounts.
Phase One: Traders need to achieve a 10% profit target without exceeding a 5% maximum daily loss or a 10% total loss. There are no maximum trading day requirements in this phase, but traders must engage in trading for at least three days to advance to the next phase.
Phase Two: Here, traders are required to meet a 5% profit target while adhering to the same loss limits as in the first phase. Similar to phase one, there are no maximum trading day limits, but a minimum of three trading days is necessary to move forward to a funded account.
Upon successfully completing both phases, traders receive a funded account. This account is subject to the established 5% maximum daily loss and 10% total loss rules. The first withdrawal from the funded account is available 21 calendar days after initiating the first trade, with subsequent withdrawals allowed bi-weekly. Profit shares are generous, ranging from 80% to 90%, depending on the profits generated in the funded account.
The Standard Challenge includes a progressive scaling plan designed to reward consistent profitability. Traders who maintain profitability for at least two out of three consecutive months, achieving either an average return of 6% over the three months or a consistent 2% return each month, qualify for a 25% increase in their initial account size.
Additionally, once a trader successfully scales their Standard Challenge account for the first time, their profit split is raised to 90%.
Scaling Example:
- After 3 Months: A trader with a $100,000 account that meets the scaling criteria can increase their account size to $125,000.
- After the Next 3 Months: If the trader continues to meet the criteria with the $125,000 account, it then escalates to $150,000.
- After Another 3 Months: Similarly, meeting the criteria with the $150,000 account leads to an increase to $175,000.
- Continuing Pattern: This pattern repeats as long as the trader continues to meet the profitability requirements, with subsequent increases in account size.
This scaling mechanism incentivizes traders to maintain high performance and risk management standards, providing substantial growth opportunities within the firm’s trading framework.
Royal Challenge The Funded Trader Program
The Funded Trader rules:
Profit Target: Traders are tasked with reaching specific profit percentages to successfully complete each evaluation phase, make withdrawals, or qualify for account scaling. In the first evaluation phase (Phase 1), the profit target is set at 8%. In the subsequent phase (Phase 2), a profit target of 5% is required. There are no fixed profit targets for funded accounts.
Maximum Daily Loss: Traders are restricted by a maximum daily loss limit of 5% across all account sizes. This rule ensures that losses on any given trading day do not exceed this threshold to prevent excessive risk-taking.
Maximum Loss: The overall loss limit for traders, over the course of their engagement, is set at 8% of the account size. Exceeding this limit would breach the terms of the account.
Minimum Trading Days: To ensure sufficient engagement and evaluation of trading strategies, traders must participate in at least five trading days during each evaluation phase before they can successfully conclude that phase.
No Martingale: The use of martingale strategies, which involve doubling down on losing trades to recoup losses, is strictly prohibited. This rule is designed to discourage high-risk trading practices and promote sound risk management among traders.
Participation cost:
- $5,000 - $60
- $10,000 - $120
- $25,000 - $189
- $50,000 - $289
- $100,000 - $489
- $200,000 - $1,158
The Funded Trader Royal Challenge offers traders the chance to handle account sizes between $5,000 and $200,000, with the objective of identifying those who can consistently generate profits and manage risk effectively. This challenge employs a leverage ratio of up to 1:50 and is structured around a two-step evaluation period.
Evaluation Phase One:
- Profit Target: Traders need to achieve an 8% profit.
- Loss Limits: The maximum daily loss allowed is 5%, and the overall maximum loss threshold is set at 10%.
- Trading Days: There are no maximum trading day requirements; however, traders must engage in a minimum of five trading days to move on to the next phase.
Evaluation Phase Two:
- Profit Target: The goal is reduced to a 5% profit.
- Loss Limits: The daily and overall maximum loss limits remain at 5% and 10%, respectively.
- Trading Days: Similar to phase one, while there is no maximum limit, traders are required to trade for at least five days to progress to a funded account.
Post-Evaluation - Funded Account Benefits:
- Upon successfully completing the evaluation phases, traders are granted a funded account.
- Withdrawal Terms: There are no minimum withdrawal thresholds. The initial payout is scheduled 30 calendar days after the first trade, with the option for bi-weekly withdrawals thereafter.
- Profit Split: Profit sharing starts at 75% and can go up to 90%, depending on the trader's success in the funded account.
This program is designed to test and ensure that traders are not only skillful in achieving profit targets but also disciplined in adhering to stringent risk management protocols.
The Royal Challenge features a scaling plan that offers significant growth opportunities for successful traders. This plan is designed to reward consistent profitability and sound risk management.
Scaling Plan Details:
- Profitability Requirement: Traders must be profitable for at least two out of the last three months. They can qualify either by achieving an average return of 6% over the three-month period or maintaining a steady 2% return each month during this period.
- Account Increase: Upon meeting the profitability requirements, traders become eligible for an account size increase of 25% of their initial account balance.
- Profit Split Enhancement: After the first successful scaling, the profit split increases to 90%.
Scaling Examples:
Initial Phase:
- A trader starts with a $100,000 account and meets the profitability criteria. The account is then increased to $125,000.
First Scaling:
- With the new account size of $125,000 and continued fulfillment of the profitability criteria over the next three months, the account size further increases to $150,000.
Subsequent Scaling:
- The process repeats, and after another profitable three-month period, the $150,000 account escalates to $175,000.
The scaling continues in this manner as long as the trader continues to meet the set profitability benchmarks. This scaling mechanism not only provides traders with more capital to trade but also enhances their share of the profits, thereby creating a strong incentive to maintain high performance levels.
Rapid Challenge The Funded Trader Program
The Funded Trader rules:
Profit Target: Traders are required to reach predetermined profit percentages to successfully complete evaluation phases, make withdrawals, or scale up their trading accounts. In Phase 1, the profit target is set at 8%, while Phase 2 demands a profit target of 5%. Once funded, there are no explicit profit targets.
Maximum Daily Loss: There is a firm limit on the amount a trader can lose in a single trading day without breaching their account's terms. This loss limit is set at 5% across all account sizes.
Maximum Loss: The overall loss limit, beyond which a trader cannot go without violating their account agreement, is capped at 8% for all account types.
No Martingale: Use of any martingale strategies is strictly forbidden during trading activities to promote sound risk management.
No Weekend Holding: Participants must close all trades before the market closes on Friday. However, traders in the Swing Rapid Challenge are permitted to hold trades over the weekend.
No Expert Advisors: Traders are not allowed to use Expert Advisors in their trading, ensuring that all trading decisions are made manually.
Participation cost:
- $5,000 - $79
- $10,000 - $129
- $25,000 - $229
- $50,000 - $299
- $100,000 - $499
- $200,000 - $899
The Funded Trader Rapid Challenge offers traders a pathway to manage accounts ranging from $5,000 to $200,000, aiming to pinpoint disciplined traders who can consistently generate profits and manage risks effectively. This challenge provides trading leverage up to 1:100 across two distinct evaluation phases.
Evaluation Phase One:
- Profit Target: Traders need to achieve an 8% profit margin.
- Loss Limits: A maximum daily loss of 5% and an overall maximum loss of 8% are permitted.
- Trading Days: There are no minimum or maximum trading day requirements in this phase; progression to the next phase hinges solely on meeting the 8% profit target without exceeding the loss limits.
Evaluation Phase Two:
- Profit Target: A reduced profit target of 5% must be reached.
- Loss Limits: The same loss restrictions apply, with a 5% maximum daily and an 8% maximum overall loss allowed.
- Trading Days: As in the first phase, there are no specific trading day requirements. Advancement to funded status requires achieving the 5% profit target within the designated loss parameters.
Post-Evaluation - Funded Account:
- Upon successful completion of both evaluation phases, traders qualify for a funded account.
- Withdrawal Terms: There are no minimum withdrawal requirements. The initial payout is scheduled 14 calendar days after the first trade is placed in the funded account, with subsequent withdrawals possible every two weeks.
- Profit Split: Earnings from the funded account are split, with traders receiving between 80% and 90%, depending on their profit levels.
This challenge is structured to fast-track skilled traders towards managing substantial trading capital, while maintaining stringent controls on losses to cultivate robust trading discipline.
The Rapid Challenge incorporates a dynamic scaling plan designed to reward exceptional trading performance. Traders who achieve a profit of 10% or more during a single profit split period become eligible for a 10% increase in their account size each time their withdrawal exceeds 10% of the initial account balance. Additionally, after the first scaling, the profit split for the trader is elevated to 90%.
Scaling Example:
- Initial Account: If a trader starts with a $100,000 account and generates a profit exceeding 10%, the account size is increased to $110,000.
- First Scaling: With the new account size of $110,000, achieving another profit of over 10% raises the account size further to $120,000.
- Subsequent Scaling: The process continues with the scaled account size of $120,000. Achieving over 10% profit again results in an increase to $130,000.
- Continued Success: As long as the trader continues to hit the profit target of over 10%, the account will keep scaling, moving to $140,000 upon the next successful round of profits.
This scaling plan not only provides traders with increased capital to trade but also improves their profit-sharing terms, significantly enhancing their potential earnings as they prove their trading prowess over time.
Knight Challenge The Funded Trader Program
The Funded Trader rules:
Profit Target: Traders must achieve a designated profit percentage to successfully conclude the evaluation phase, make withdrawals, or scale their trading account. The profit target for the evaluation phase is set at 10%. Funded accounts do not have specified profit targets.
Maximum Daily Loss: Traders are limited to a maximum daily loss of 3% across all account sizes. This can be increased to 4% with an add-on or after scaling the account for the first time. Exceeding this limit breaches the account conditions.
Maximum Trailing Loss: The maximum trailing loss is determined by the difference between the highest achieved account balance and the lowest point of the drawdown. This limit is set at 6% for all account sizes and can be increased to 7% with an add-on. Breaching this limit will result in the account being terminated.
No Martingale: The use of any martingale strategy, which involves increasing the size of a losing position in hopes of recovering losses, is strictly prohibited. This rule is in place to promote responsible risk management.
Participation cost:
- $5,000 $59
- $10,000 $99
- $25,000 $189
- $50,000 $289
- $100,000 $489
- $200,000 $939
The Funded Trader Knight Challenge offers traders the opportunity to manage account sizes ranging from $5,000 to $200,000, with the objective of identifying disciplined and profitable traders who can effectively manage risk within a one-step evaluation period. This challenge allows trading with leverage up to 1:30.
Evaluation Phase Requirements:
- Profit Target: Traders must achieve a 10% profit.
- Loss Limits:
- Maximum daily loss is limited to 3%.
- Maximum trailing loss is set at 6%. The trailing loss is calculated as the difference between the highest achieved account balance and the lowest point of the drawdown.
- Trading Days: There are no minimum or maximum trading day requirements. Traders can proceed to funded status by reaching the 10% profit target without breaching the loss limits.
Post-Evaluation - Funded Account Benefits:
- Withdrawal Terms: Upon completing the evaluation phase, traders receive a funded account with no minimum withdrawal requirements. The first payout is available 7 calendar days after placing the first trade in the funded account, with subsequent withdrawals available weekly.
- Profit Split: The profit split ranges from 80% to 90%, based on the trader's performance in the funded account.
These criteria are designed to ensure traders demonstrate both profitability and strong risk management skills during the evaluation phase, allowing them to progress to managing a funded account with favorable withdrawal terms and profit-sharing arrangements.
The Knight Challenge includes a comprehensive scaling plan to reward consistent profitability and effective risk management. Here are the details:
Scaling Plan Requirements:
- Profitability Criteria: Traders must be profitable for at least two out of the last three months. This can be achieved by either:
- An average return of 6% over the three-month period, or
- A consistent 2% return each month during the three-month period.
Account Size Increase:
- Account Scaling: Upon meeting the profitability requirements, traders become eligible for an increase in their account size by 25% of the initial account size.
- Profit Split Enhancement: The profit split increases to 90% after the first successful scaling.
- Loss Limit Adjustment: The maximum daily loss limit increases to 4% (if this increase was not already purchased as an add-on) after the first scaling.
Scaling Example:
- After 3 Months: A $100,000 account, meeting the scaling criteria, increases to $125,000.
- After the Next 3 Months: If the $125,000 account continues to meet the criteria, it increases to $150,000.
- After the Following 3 Months: The $150,000 account further increases to $175,000 upon meeting the criteria again.
- Continuous Scaling: This pattern continues as long as the trader meets the profitability benchmarks, allowing for ongoing growth of the account size.
This scaling plan is designed to incentivize traders to maintain high performance and disciplined risk management, providing substantial growth opportunities and enhanced profit-sharing arrangements.
Dragon Challenge The Funded Trader Program
The Funded Trader rules:
- Profit Target: Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 and Phase 3 require reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss: The maximum loss limit a trader is allowed to incur in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%, scalable up to 7%.
- Maximum Loss: The maximum loss limit a trader is allowed to incur overall without breaching the account. All account sizes have a maximum loss of 10%, scalable up to 12%.
- No Martingale: Traders are prohibited from employing any form of martingale strategy during their trading activities.
- No Weekend Holding: Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Dragon Challenge can hold trades during the weekend)
Participation cost:
- $5,000 - $49
- $10,000 - $99
- $25,000 - $135
- $50,000 - $205
- $100,000 - $355
The Funded Trader Dragon Challenge offers traders the opportunity to manage account sizes ranging from $5,000 to $100,000. The objective is to identify disciplined traders who can generate profits and manage risks effectively throughout a three-step evaluation period. The Dragon Challenge allows trading with leverage up to 1:100.
Evaluation Phase One:
- Profit Target: 8%
- Loss Limits: Maximum daily loss of 5% and maximum overall loss of 10%.
- Trading Days: No minimum or maximum trading day requirements. To advance to Phase Two, traders must reach the 8% profit target without breaching the loss limits.
Evaluation Phase Two:
- Profit Target: 5%
- Loss Limits: Maximum daily loss of 5% and maximum overall loss of 10%.
- Trading Days: No minimum or maximum trading day requirements. To advance to Phase Three, traders must reach the 5% profit target without breaching the loss limits.
Evaluation Phase Three:
- Profit Target: 5%
- Loss Limits: Maximum daily loss of 5% and maximum overall loss of 10%.
- Trading Days: No minimum or maximum trading day requirements. To achieve funded status, traders must reach the 5% profit target without breaching the loss limits.
Funded Account:
- Withdrawal Terms: No minimum withdrawal requirements. The first payout is available 7 calendar days after placing the first trade in the funded account, with subsequent withdrawals available weekly.
- Profit Split: Ranges from 75% to 95%, based on the trader's performance.
- Scalability: Maximum daily drawdown can be scaled up to 7% and overall drawdown up to 12%.
These criteria ensure that traders demonstrate both profitability and effective risk management throughout the evaluation phases, enabling them to progress to a funded account with favorable profit-sharing and withdrawal terms.
The Best Prop Firm passed software are here:
The Funded Trader is a proprietary trading firm that was incorporated on May 12, 2021. They boast a large community of traders who have reached funded status and qualify for profit splits.
Payout Eligibility:
- Standard Challenge: First payout after 21 calendar days (14 days with Add-on). Subsequent payouts are available every 14 days if you exceed the initial account size. Profit splits range from 80% to 90%.
- Rapid Challenge: First payout after 14 calendar days. Subsequent payouts every 14 days if you exceed the initial account size. Profit splits range from 80% to 90%.
- Royal Challenge: First payout after 30 calendar days (14 days with Add-on). Subsequent payouts every 14 days if you exceed the initial account size. Profit splits range from 75% to 90%.
- Knight Challenge: First payout after 7 calendar days. Subsequent payouts every 7 days if you exceed the initial account size. Profit splits range from 80% to 90%.
- Dragon Challenge: First payout after 7 calendar days. Subsequent payouts every 7 days if you exceed the initial account size. Profit splits range from 75% to 95%.
Payment Proof:
- Trustpilot: Traders share their experiences and confirm successful payouts.
- Discord Channel: Numerous payout certificates from successful traders are available.
The Funded Trader provides multiple challenges and payout schedules, ensuring traders have opportunities to maximize their earnings through disciplined and profitable trading.
The Funded Trader Review and Our opinion about this Prop Firm
In conclusion, The Funded Trader is a reputable proprietary trading firm offering traders a choice among five funding programs: the Standard, Rapid, and Royal Challenges (two-step evaluations), the Knight Challenge (one-step evaluation), and the Dragon Challenge (three-step evaluation).
Standard Challenge: This two-step evaluation requires traders to complete two phases to qualify for a funded account and earn profit splits of 80% to 90%. Traders must achieve profit targets of 10% in phase one and 5% in phase two while adhering to a 5% maximum daily loss and a 10% maximum loss. There are no maximum trading day requirements, but a minimum of 3 trading days per phase is required. The challenge also features a scaling plan to increase the initial account balance.
Rapid Challenge: This two-step evaluation requires traders to complete two phases to qualify for a funded account and earn profit splits of 80% to 90%. Profit targets are set at 8% for phase one and 5% for phase two. Traders must follow a 5% maximum daily loss and an 8% maximum loss. There are no minimum or maximum trading day requirements, allowing traders to proceed at their own pace. The challenge includes a scaling plan for account balance growth.
Royal Challenge: This two-step evaluation requires traders to complete two phases to qualify for a funded account and earn profit splits of 75% to 90%. Profit targets are 8% for phase one and 5% for phase two. Traders must follow a 5% maximum daily loss and a 10% maximum loss. There are no maximum trading day requirements, but a minimum of 5 trading days per phase is required. The challenge includes a scaling plan for account balance growth.
Knight Challenge: This one-step evaluation requires traders to complete a single phase to qualify for a funded account and earn profit splits of 80% to 90%. Traders must achieve a profit target of 10% while following a 3% maximum daily loss and a 6% maximum trailing loss. There are no minimum or maximum trading day requirements, allowing traders to proceed at their own pace. The challenge includes a scaling plan for account balance growth.
Dragon Challenge: This three-step evaluation requires traders to complete three phases to qualify for a funded account and earn profit splits of 75% to 95%. Profit targets are 8% for phase one, 5% for phase two, and 5% for phase three. Traders must follow a 5% maximum daily loss and a 10% maximum loss. There are no minimum or maximum trading day requirements, allowing traders to proceed at their own pace. The challenge includes a scaling plan for account balance growth.
I highly recommend The Funded Trader for individuals seeking a reputable proprietary trading firm that offers exceptional trading conditions and caters to diverse trading styles. The firm provides unique features such as add-ons for specific challenge accounts, unlimited trading periods, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge. Considering all that The Funded Trader offers to traders worldwide, they are undoubtedly one of the industry-leading prop firms.