20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
The Funded Trader Review 2024
Minimum
deposit:
deposit:
- $189
Trading platform:
- cTrader
- DXTrade
Minimum
deposit:
deposit:
- $189
Trading platform:
- cTrader
- DXTrade
Trading features:
- Four accounts types and several subtypes
- Balance scale is from $25,000 to $400,000
- Initial fee is refundable
- Failed challenges can be retried
- Traders keep 80%-90% of profit split
Leverage:
- Up to 1:200
Summary of The Funded Trader Trading Company
The Funded Trader is a moderate-risk prop trading firm with the TU Overall Score of 6.08 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The Funded Trader clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. The Funded Trader ranks 12 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The Funded Trader proprietary firm works with a well-known broker. Eightcap has successfully operated in the global market for many years, and there are no regional restrictions. The firm’s website is fast, convenient, and easy to learn. The features of standard accounts are on average better than those of its competitors, and the initial fee is relatively low. The Funded Trader imposes minimum restrictions on its partners in an effort to avoid excessive risks. Now it has over 6,000 partners and 500+ professionals worldwide who teach in trading academies, and who are trained by The Funded Trader.
|
1
|
5.7
/10
|
|
|
|
2
|
5.28
/10
|
|
|
|
3
|
6.68
/10
|
|
The Funded Trader works with the Eightcap broker. Users can trade currencies, indices, gold, and commodities; cryptocurrencies are only available during the challenges. The minimum leverage is 1:2, the maximum is 1:200. All styles of trading, including scalping, are allowed. This proprietary trading firm allows copy trading (with some restrictions). The Funded Trader offers four account types with balances ranging from $25,000 to $400,000. The initial fee is refundable, its amount depends on the type of account and its balance. For example, the initial fee for a Standard account with a balance of $100,000 is $549. Traders start with a profit split of 80%, but it can be increased up to 90% while the rest goes to the prop firm. A standard KYC/AML (Know Your Client/Anti-Money Laundering) protocol is in effect. The Funded Trader regularly holds promotions whereby it offers traders discounts and special conditions. It also offers a typical partnership program.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $189 |
| ⚖️ Leverage: | Up to 1:200 |
| 💱 Spread: | Not available |
| 🔧 Instruments: | Forex, indices, commodities, and gold |
| 💹 Margin Call / Stop Out: | Not available |
👍 Advantages of trading with The Funded Trader:
- Four account types with several subtypes allow a wide range of balance;
- Ability to repeat a challenge. In case traders fail any phase, they can retry the challenge;
- Trading instruments, such as currencies, indices, commodities, and gold are provided by Eightcap (cryptocurrencies are provided during challenges only);
- No restrictions on applied strategies; plus, traders can use their advisors;
- Partners of the prop firm receive 80% of the net profit; later, the split can be increased to 90%;
- The prop trading firm offers one of the most intuitive, esthetically pleasing, and ergonomic dashboards to effectuate traders’ bids.
👎 Disadvantages of The Funded Trader:
- While Eightcap provides many different instruments, only a few of them are available with this prop firm;
- Since trading cryptocurrencies is possible only during the challenge, crypto trading is not otherwise available;
- The website is translated into four languages: English, French, Spanish, and Portuguese. Technical support is available exclusively in English
Evaluation of the most influential parameters of The Funded Trader
Table of Contents
- Geographic Distribution
- Latest Comments
- Expert Review
- Latest The Funded Trader News
- Analysis of The Funded Trader
- Dynamics of the Popularity
- Investment Programs
- Trading Conditions
- Commissions & Fees
- Detailed Review
- Client Area of The Funded Trader
- User Reviews of The Funded Trader
- FAQs
- TU Recommends
Geographic Distribution of The Funded Trader Traders
Popularity in
40%
US
16.3%
GB
6.5%
IN
3.1%
FR
3%
SO
3%
NG
18.1%
Others
User Satisfaction i
4 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Williamshoni
33 weeks ago
JaredHob
1 year ago
TimothyTave
1 year ago
AliFons
1 year ago
Expert Review of The Funded Trader
The Funded Trader looks like a completely ordinary prop trading firm at first sight. It has several account types and conditional rates, which differ in initial fees and balances. Of course, the restrictions on targets during the challenges also depend on the balance. Initial fees are quite profitable, a big plus is that they are fully refundable. Some prop firms offer this possibility, but not all. However, it is more important for most traders that they immediately receive an 80/20 profit split after completing the test. In the future, it is quite easy to get a 90/10 profit split and increase the initial balance.
The Funded Trader has many unique advantages. For example, initial fee payment and withdrawal of profits are available via many channels, including Deel, Coinbase, PayPal, Payoneer, Revolut, and Wise. Taking into account the popularity of online banks, their presence on the list is an indisputable plus for many traders, who can be located almost anywhere in the world. Another important point is loyal conditions. For example, the total drawdown on a Standard account with a balance of $100,000 can be 12%. A trader has to be active for at least 3 days within a trading cycle (most other prop firms require 7-10 days).
Weekend trading is available, there is scalping, and you can use advisors. These are significant, but not outstanding features. However, leverage is an atypical factor. The fact is that many prop trading firms that work with Eightcap do not allow trading with the broker's full leverage. Thus, they protect themselves from potential losses resulting from the mistakes of traders. In this sense, The Funded Trader trusts its traders much more, so the leverage can be up to 1:200 depending on the financial instrument.
Thus, The Funded Trader is estimated by Traders Union as one of the leaders in its segment. A large selection of accounts and minimal restrictions significantly reduce entry-level fees and increase the earning potential. Therefore, TU experts recommend the platform for cooperation.
Dynamics of The Funded Trader’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The Funded Trader does not implement any investment solutions. Such solutions traditionally include banking opportunities to passively increase your capital. Vivid examples of an investment program are cryptocurrencies staking and simple investments in stocks. At The Funded Trader, there’s only the referral program, which provides relatively passive income. It is “relatively passive”, because the firm’s partner needs to be socially active in order to earn a significant amount.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program of The Funded Trader:
Partners of the prop firm receive a referral link, which can be placed on any websites of their choice. Each trader who follows this link, registers with the firm, and pays the initial fee, becomes a referral of the link’s owner. The first 50 referrals bring 7.5% of their initial fee. The next 50 referrals bring 10%. As soon as the link owner invites more than 100 people, the partnership payments increase to 15%.
Also, The Funded Trader partners receive a coupon that gives referrals a 5% discount on the initial fee and a 110% refund after completing the challenge. Profits are paid every 30 days, the minimum withdrawal is $100.
Trading Conditions for The Funded Trader Users
During the registration process, the prop firm’s partners choose the type of account and pay the initial fee. After that, they get the opportunity to complete the challenge. The fee can be paid with a bank card. This is the main, but not the only way to deposit funds. Later, funds are withdrawn to bank cards, bank accounts, e-wallets, and crypto-wallets. The amount of leverage for The Funded Trader’s partners depends on the assets they trade. For example, on a Standard account, leverage for currencies is 1:100; for indices, it is 1:20; and for commodities and gold, it is 1:40. Technical support is available by phone, email, and live chat on the website, it works without breaks and days off.
$189
Minimum
deposit
1:200
Leverage
24/7
Support
| 💻 Trading platform: | DXTrade, cTrader |
|---|---|
| 📊 Accounts: | Standard Challenge, Rapid Challenge, Royal Challenge, and Knight Challenge |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, bank cards, e-wallet, crypto wallet, and online bank account |
| 🚀 Minimum deposit: | $189 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Not available |
| 💱 Spread: | Not available |
| 🔧 Instruments: | Forex, indices, commodities, and gold |
| 💹 Margin Call / Stop Out: | Not available |
| 🏛 Liquidity provider: | Not available |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not available |
| ⭐ Trading features: | Four accounts types and several subtypes;Balance scale is from $25,000 to $400,000;Initial fee is refundable;Failed challenges can be retried;Traders keep 80%-90% of profit split |
| 🎁 Contests and bonuses: | Yes |
Comparison of The Funded Trader to other prop firms
| The Funded Trader | Topstep | FTMO | Funded Trading Plus | E8 Funding | True Forex Funds | |
| Trading platform |
MetaTrader5, MetaTrader4, TradingView | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MT4, MT5 | cTrader, MT4, MT5 |
| Min deposit | $189 | $1 | $155 | $119 | $138 | $89 |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:1 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | N/a | ECN | Instant Execution | Market Execution | No | N/a |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| The Funded Trader | Topstep | FTMO | Funded Trading Plus | E8 Funding | True Forex Funds | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | Yes | No |
| CFD | No | No | Yes | Yes | Yes | No |
| Indexes | Yes | No | Yes | Yes | Yes | No |
| Stock | No | Yes | Yes | No | Yes | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
The Funded Trader Commissions & Fees
Information
Like other prop trading firms, The Funded Trader does not charge its partners trading fees. These fees are set by the broker, in this case, by Eightcap. Instead, the platform earns a percentage of the trader’s profit. It also takes an initial fee (it is refundable after successful completion of the challenge). This fee depends on the account type, subtype (if any), and available balance. For example, a Standard account, a Swing account, and a balance of $100,000 require an initial fee of $315. To complete the challenge on the Royal account and get $200,000 on the balance, a trader needs to deposit $939 as the initial fee. As for the profit split, initially it is 80/20 until after the challenge is completed, but later it can be increased to 90/10 in favor of a trader.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard Challenge | From $1 | No |
| Rapid Challenge | From $1 | No |
| Royal Challenge | From $1 | No |
| Knight Challenge | From $1 | No |
Information on the trading fees must be clarified on the broker's website. The fee most often depends on a number of factors, such as the type of asset and the size and direction of the trade.
Detailed review of The Funded Trader
The Funded Trader was founded in 2019 by Angelo Ciaramello and Nick D'Arcangelo. Prior to that, they created well-known trading courses such as Forex League and VVS Academy. They are professional traders and teachers with more than 10 years of experience. They have trained over 500 professional market participants, many of whom teach at major trading academies. Over the 3 years of the website’s existence, it has acquired a powerful partner base of 6,000 traders at all levels. They include traders who have been trading for only a couple of years, those who have never dealt with prop firms before, and prolific trading sharks.
The Funded Trader by the numbers:
-
The minimum initial fee is $189;
-
The initial fee is 100% refundable subject to successful completion of the challenges;
-
The maximum balance is $400,000;
-
Profit split is 80-90%;
-
The firm charges 0% in fees.
The Funded Trader is a prop firm for trading currencies, indices, commodities, and gold
TU has already mentioned that prop trading firms usually do not offer the full range of instruments, unlike their partnering brokers. This is due to the specifics of the firm and conditions of the partnership agreement. For example, Eightcap allows you to trade several types of precious metals, but The Funded Trader offers only gold. Nevertheless, there are enough instruments, including dozens of currency pairs, the most popular indices, and commodities. All these assets can be traded on the popular DXTrade and cTrader platforms. Note that trading cryptocurrencies is available only during the challenge, and in the future this asset may not be used. Upon request, withdrawals can be made in cryptocurrency to the crypto wallet specified by a trader.
Useful services of The Funded Trader:
-
Initially, traders receive 80% of the net profit (excluding fees and other costs). However, upon their successful trading, the prop firm increases this split up to 90%;
-
When moving to the next trading level, traders can stay at the current level of available trading balance with a 90% split. But they also have the opportunity to return to 80% splits, scaling their balance at the same time;
-
Qualification challenge comprises two phases. If traders fail to achieve the required target at any phase, they can retry the challenge for free.
Advantages:
1
There are several account types, subtypes, and rates that differ in the balance on a trader's account. This diversity allows choosing the most optimal conditions for a particular partner;
2
The Funded Trader has a loyal pricing policy. The minimum initial fee is only $189. Moreover, the initial fee is fully refunded as soon as traders successfully complete the two-stage challenge;
3
Few prop trading firms give their partners 90% of the net profit. Usually the profit split is 60-70%. The Funded Trader gives traders 80% at the start, the split can be increased up to 90% later;
4
Prop firms often allow trading on only one platform. The Funded Trader gives its partners the opportunity to choose from the popular platforms DXTrade and cTrader.
5
The Funded Trader provides a lot of interesting bonuses, it also constantly holds promotions for new partners. There is a profitable referral program with a high percentage payout as well.
It is important that the company does not limit its partners to specific strategies and trading styles. You can scalp, hedge, copy trades, and use expert advisors.
Guide on how traders can start earning profits
The first thing worth paying attention to is the account type. It determines the trading strategy (for example, there are accounts for scalping), daily and total drawdown, and the goal to complete the challenge and move to the next level. The new level allows you to increase the balance in comparison with the starting one. That is, if you have chosen an account with a balance of $25,000, your potential balance may be $400,000, although to reach this target you need to prove yourself as a high-class professional and earn good profit for a long time.
Account types of The Funded Trader:
Account Type
Description
Standard challenge account
It includes Standard swing challenge and Standard regular challenge accounts, and the balances range from $25,000 to $400,000. The minimum initial fee is $189. The profit targets are 10% and 5% for each successive phase, the maximum total drawdown is 12%;
Rapid challenge account
It includes the Standard swing challenge and Standard regular challenge accounts, and the balances range from $50,000 to $200,000. The minimum initial fee is $299. The profit targets are 8% and 5% for every phase, the maximum total drawdown is 8%;
Royal challenge account
There is only a regular account, and the balances range from $50,000 to $300,000. The minimum initial fee is $289. The profit targets are 8% and 5% for the first and second phases, respectively; and the maximum total drawdown is 10%;
Knight challenge account
There is only a regular account, and balances range from $25,000 to $200,000. The minimum initial fee is $189. The profit target is 10%, the maximum trailing drawdown is 6%.
There is a two-phase challenge on all accounts, except for the Knight challenge account, which is only one stage. The first phase lasts 35 days, the second phase lasts 60 days. During those times, a trader has to achieve a certain target profit. For example, if your funding is $25,000 and your first phase goal is 10%, you need to earn $2,500 in 35 days. In that case, the trading asset does not matter; plus, a trader can use leverage up to 1:200.
Investment Education Online
Information
All prop trading firms strive to improve the professional level of their partners. After all, the better traders trade, the more the prop firm earns, and the higher is its profit. The Funded Trader also provides its partners with opportunities to improve their skills.
Information featured on The Funded Trader website
Information not available with the prop firm
Rules for working with the platform
Theory of fundamental and technical analyses
Instructions on registration, verification, trading, and funds deposits and withdrawals
Definite trading strategies
Basics of trading different financial instruments
Psychology of trading
Compared to some other prop trading firms, The Funded Trader provides relatively little information on the theory and practice of trading. However, the firm has an active developed community, which can be found on various social platforms, such as Discord. The Funded Trader partners are friendly to their colleagues and always ready to help with advice.
Security (Protection for Investors)
Information
Prop firms are not regulated by authorized bodies, since they are not brokers and they do not bring users’ trades to the market. At the same time, The Funded Trader is officially registered in the USA and can also work in other countries. In this case, it is important for a partnering broker to be regulated, and Eightcap has no problem with this.
👍 Advantages
- Traders can address the legal department of the prop firm or broker
- Traders can file complaints to the broker’s regulator
👎 Disadvantages
- The prop firm is not responsible for traders’ funds. It’s the broker’s responsibility
Withdrawal Options and Fees
-
Users trade on live accounts immediately and they receive 80-90% of the net profit. The firm keeps the remaining 10-20%;
-
The Funded Trader’s partner can withdraw profits at any time. To do this, he needs to submit a standard withdrawal request in the dashboard of his user account;
-
Traders have the opportunity to withdraw profits to a bank card or bank account. E-wallets, crypto wallets, and other financial channels are also available;
-
The prop trading firm has no withdrawal fees (like most of its competitors). All fees of The Funded Trader can be found in the FAQs section of its website.
Customer Support Service
Information
Usually, the technical support of The Funded Trader is available 24/7, but traders are advised to follow the newsletter and posts on social platforms, where the company can announce days off.
👍 Advantages
- Three channels of technical support are available
- Not only registered users can address the prop firm’s experts
👎 Disadvantages
- Responses via email or live chat are not always prompt
Traders have the opportunity to contact The Funded Trader’s technical support in the following ways:
-
call center;
-
email;
-
live chat in the lower right corner of the website.
Note that the footer contains links to the prop firm’s social media profiles, including Telegram, Facebook, and others.
Contacts
| Foundation date | 2018 |
| Registration address | 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642 |
| Official site | https://thefundedtraderprogram.com/ |
| Contacts |
Email:
support@thefundedtraderprogram.com,
Phone: (888) 920-3079 |
Review of the Personal Cabinet of The Funded Trader
To use the services of The Funded Trader, it is necessary to register on its official website. After registration, go through verification (confirm your personal data). This will grant you access to the functions of the user account and dashboard. The step-by-step registration process and the list of the main blocks available in the user account are as follows:
1
Go to the official website of the prop firm. Click the "Start Challenge" button in the main block.
2
In the block with account types, select the one that suits you best and click the "Buy" button.
3
Enter your first and last names, your company’s name is optional. Select your country/region, then enter your registration address, including city, street, house, and a zip code. Enter your phone number, email address, and fill in additional fields.
4
Specify your required balance. Then select the trading platform. Specify the broker (Purple Trading is now available except for Eightcap) and the account type. Tick the "Create an Account" box, then create a username and password. You can specify any information you think may be required by the specialists of the prop firm who verify your data in the "Additional Notes" box.
5
On the right side of the screen, select the initial fee payment channel. If you would like to use a channel not on the list, contact support. In TU’s example, enter bank card details. Agree to the terms of the website by ticking the appropriate boxes. Finally, click “Complete Order”.
6
After payment of the invoice and verification of the entered data by the company's specialists, you will be granted full access to the user account. To enter your user account, use the login and password that you created earlier.
Services of The Funded Trader’s user account:
Traders have access to detailed information on their accounts in the dashboard of the user account;
Also, traders can track their progress in active challenges;
Separate blocks are devoted to all incoming and outgoing transfers with transaction details;
Traders can submit applications for the withdrawal of profits;
Information on referrals and referral payments are displayed in the user account;
A trader can access useful study materials in the support block or contact the technical support via live chat.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Articles that may help you
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
FAQs
How do client reviews impact The Funded Trader rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about The Funded Trader you need to go to the company's profile.
How can I leave a review about The Funded Trader on the Traders Union website?
To leave a review about The Funded Trader , you need to register on the Traders Union website.
Can I leave a comment about The Funded Trader if I am not a Traders Union client?
Anyone can post a comment about The Funded Trader in any review about the company.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.