Established in 2021, The Funded Trader is a prop trading company that offers a range of account options to suit the needs of different traders. These include the Standard account, which is suitable for beginners and those looking to trade with a moderate amount of capital, the Royal account, which is designed for experienced traders looking to trade with automated trading systems, and the Rapid account.

Different types of Challenges

Standard Challenge: This account has a minimum of 3 trading days, and upon passing phase 1, traders will receive phase 2 within 24 hours. The daily drawdown for this account is 6%, with a maximum drawdown of 12%. Standard account holders can expect their account to be scaled by 25% every 3 months. The drawdown is based on either balance or equity, and news trading is restricted to regular funded accounts only. Take profit is 10 %.

Royal Account: The Royal account has a minimum of 5 trading days, and traders will receive phase 2 within 24 hours upon passing phase 1. This account allows traders to use expert advisors and trade copiers, and there are no lot size limits. The profit target is 8 %, and the account is scaled by 25% every 3 months. The drawdown is based on either balance or equity, and news trading is allowed. Withdrawal requests are processed within 3 days.

Rapid Account: The Rapid account has no minimum trading days, and traders will receive phase 2 within 12 hours upon passing phase 1. The first payout can be expected within 20 days of starting the challenge. The profit target is 8 %, and the account is scaled by 10% every month. The drawdown is based on balance, and news trading is restricted to regular funded accounts only. Withdrawal requests are processed within 3 days.

It is important for potential clients to carefully review the terms and conditions of each account before deciding which is best for them.

Client Section

The Funded Trader is a prop trading company that caters to traders looking to enter the world of prop trading. While their client offerings may not be as extensive as other firms, they do provide some valuable features.

One such feature is the Dashboard, which allows clients to see the performance of their accounts. This is a crucial aspect of trading, as it allows traders to make informed decisions about their trades.

Another valuable feature is the Profit Share section, where clients can request withdrawals from their live accounts. This is a convenient way for traders to access their profits and keep track of their trading performance.

The Funded Trader   also offers Competitions, which allow clients to compete against each other for the chance to win a free Challenge. This is a fun way for traders to test their skills and potentially earn some extra profits. The company also has a leaderboard, which showcases the best-performing traders on the platform.

While the client offering of The Funded Trader  may not be as extensive as some other prop firms, it does provide traders with the essential tools they need to succeed. The Dashboard, Profit Share, Competitions, and leaderboard are all valuable resources for traders looking to maximize their profits.

Here are some screenshots of metioned sections.

Dashboard:

Payouts:

Leaderboard:

Spreads

On December 29, 2020, we conducted observations of spreads during the EU and US trading sessions. Our analysis included a thorough review of the bid and ask prices for various assets, including currencies, indices, and stocks. We took detailed notes on the spreads that were present at that time, and used this information to inform our trading decisions. Through our observations, we were able to gain valuable insights into the market conditions and make informed choices about our trades

Trading on indices can be risky with this prop firm due to the high spreads that are currently being offered. The spreads for EURUSD, GER30/40, and SPX500 are 0.00007, 2.85, and 1.18 respectively, which can make it more challenging for traders to make profits. It is important for traders to carefully assess the risk-reward ratio of their trades and consider the potential impact of high spreads before entering the market.

Here is a qucik summary on three instruments:

Live Account

Getting a live account with this prop trading company can be a time-consuming process, as there are often several steps involved. In our experience, it took us a total of 8 days to get a live account with The Funded Trader. Here is how the process went for us:

We passed phase 2 on a Friday, and our account went through verification. After the weekend, on Monday, we received a contract from the company that we had to sign. We signed the same day, but it wasn't until Sunday that our live account was finally enabled. This meant that we had to wait for more than 8 days to start trading on a live account.

The process of getting a live account can vary depending on the prop trading company and the specific account you are applying for. Some companies may have shorter or longer processing times, and there may be additional requirements or steps involved. It is important to be patient and to follow all of the necessary steps to ensure that your live account is approved and enabled as quickly as possible.

In conclusion, getting a live account with this prop trading company can be a lengthy process, but it is an important step for traders looking to enter the world of prop trading. By following all of the necessary steps and being patient, traders can eventually gain access to a live account and start pursuing their trading goals.

Summary

We are traders who have been using live accounts with The Funded Trader for some time now. So far, we have been pretty satisfied with the company's performance and have made a few payouts as a result of our trades. However, we are somewhat concerned about the company's future due to the frequency of their promotions. We fear that they may follow in the footsteps of Funding Talent, another prop company that went bankrupt. While The Funded Trader  S is not a perfect company, we do believe it is a good prop firm overall.

Despite our concerns, we have had a generally positive experience with The Funded Trader. The company offers a range of accounts for traders, and we have found their trading platform to be reliable and user-friendly. While the spreads may be slightly higher than other prop firms, we have still been able to make profits and have had smooth experiences with withdrawals.

Overall, we believe that The Funded Trader is a solid choice for traders looking to enter the world of prop trading. While there are certainly some risks involved, we have had a mostly positive experience with the company and would recommend them to other traders. However, it is always important to carefully consider the risks and do thorough research before committing to any prop firm.

OUR FINAL RATING:  7.5/10