Review
The Funded Trader

“The Funded Trader Review: Unveiling Insights and Evaluations”

“Empowering Traders: Unlock Capital Opportunities for Skilled and Committed Retail Traders to Thrive in Diverse Market Conditions with The Funded Trader”

The Funded Trader operates on the core belief that every retail trader should have the opportunity to access capital based on their performance and commitment to building their trading business. They actively seek out skilled and motivated traders who can adeptly navigate various market conditions and attain success with the backing of their financial resources.

The Funded Trader shares common origins with The Forex League and VVS Academy since they have the same founders. This proprietary trading firm has been established to meet the specific requirements of its community, providing customized solutions that align with its goals.

The Funded Trader program is in active search of proficient and dedicated traders who possess the capability to excel in volatile market environments. By utilizing their expertise and taking advantage of the program’s financial support, traders have the chance to generate substantial profits. Successful participants can oversee account sizes of up to $1,500,000 and retain a significant portion of the profits, with profit splits going as high as 90%. This can be achieved by trading a diverse range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are The Funded Trader

The Funded Trader, an exclusive proprietary firm established on May 12, 2021, operates in the United States, providing traders with the chance to access substantial capital amounts, reaching up to $1,500,000, and offering profit-sharing agreements of up to 90%. Notably, they’ve forged strategic partnerships with reputable brokers like Eightcap and Purple Trading Seychelles.

Their headquarters are situated at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

Founded by Angelo Ciaramello, a 24-year-old entrepreneur from New Jersey, The Funded Trader had its beginnings in 2020 as a startup with a focus on gamified retail trading within the capital markets. The primary goal was to provide individual traders with a competitive platform where they could compete for funding and strive for top positions on the rankings leaderboard.

Under Angelo’s guidance, The Funded Trader successfully designed various funding challenges that grant individuals the opportunity to trade the company’s capital and receive profit-sharing based on predetermined percentages. Notably, Angelo achieved recognition as one of the top 25 Financial Technology Leaders in New Jersey for the year 2022.

For those interested in staying updated on Angelo Ciaramello’s activities, they can follow his Instagram and LinkedIn profiles. This allows them to access his regular posts and gain insights into his daily endeavors.

Funding Options

The Funded Trader offers its traders four different programs to choose from:

Standard challenge accounts:
1) Standard regular challenge accounts
2) Standard swing challenge accounts

Rapid challenge accounts
1) Rapid regular challenge accounts
2) Rapid swing challenge accounts

Royal challenge accounts

Knight challenge accounts

Standard challenge account

The primary goal of the Funded Trader standard challenge account is to recognize committed and skilled traders who consistently demonstrate strong performance during a two-phase evaluation period. The regular evaluation program permits traders to participate in trading activities with a leverage ratio of 1:200, while the swing evaluation programs allow traders to trade with a leverage ratio of 1:60. The key difference is that swing accounts have the option to keep trades open over weekends, whereas regular accounts require trades to be closed.

In the first evaluation phase, traders must achieve a 10% profit target while adhering to the maximum daily loss limit of 6% and the maximum loss threshold of 12%. It is obligatory to reach the profit target within 35 calendar days from the initial position placement in the evaluation account. Additionally, a minimum of three trading days must be completed to progress to phase two.

In the second evaluation phase, traders need to reach a 5% profit target while staying within the 6% maximum daily loss and 12% maximum loss limits. This phase’s profit target must be achieved within 60 calendar days from the day the first position is placed in the evaluation account. Similarly, a minimum of three trading days is required to advance to a funded account.

The scaling plan for this challenge involves achieving a profit target of 10% or more within a four-month period, where two months should be profitable, and the last month must end in profit. Achieving this milestone results in an account increase of 40% of the original, with the potential to increase the account balance up to $4,000,000. The profit share also increases to 90% when scaling the account for the first time.

The Standard challenge accounts also provide a scaling plan. Traders are expected to achieve a profit target of 6% or higher within three months, with at least two out of the three months showing profitability. Upon meeting these criteria, traders receive an account increase equal to 25% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the standard challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

 

Standard challenge account rules: 

Rapid challenge account

The Funded Trader Rapid Challenge Account is designed to identify and reward diligent and skilled traders for their consistent performance in a two-phase evaluation process. In the regular evaluation program, traders can engage in trading with a 1:100 leverage ratio, while the swing evaluation program offers a 1:30 leverage ratio. The main difference is that swing accounts allow you to hold trades over weekends, while regular accounts require trade closure.

In the first evaluation phase, traders must achieve an 8% profit target while adhering to maximum daily and maximum loss limits of 5% and 8%, respectively. This profit target should be reached within 35 calendar days from the start of trading in the evaluation account. Notably, there are no minimum trading day requirements to progress to the second phase.

The second evaluation phase necessitates traders to reach a 5% profit target while staying within the specified maximum daily and maximum loss limits of 5% and 8%. This target must be achieved within 60 calendar days from the initiation of trading in the evaluation account. Similar to phase one, there are no minimum trading day requirements for advancement to a funded account.

Upon successful completion of both evaluation phases, traders receive a funded account without profit targets. Their only obligations are to observe a maximum daily loss limit of 5%, a maximum loss limit of 8%, and prescribed lot size restrictions. The first payout is scheduled for 14 calendar days after the initial position is established in the funded account, followed by subsequent payouts on a bi-weekly basis. You can find the withdrawal schedule and corresponding profit split percentages in the accompanying spreadsheet.

Starting from the fourth payout and onwards, the profit split is set at 80%. Rapid Challenge Accounts also feature a scaling plan. To receive a 10% account increase, you need to achieve a profit target of 10% or more within a single profit split period, and each time your withdrawal exceeds 10% of your initial account balance.

For standard challenge accounts, trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

Rapid challenge account rules

Royal challenge account

The main goal of the Funded Trader Royal Challenge Account is to identify talented and committed traders who consistently perform well during the two-phase evaluation period. Their rewards are directly tied to their performance. The evaluation program allows traders to increase their trading leverage with a 1:200 ratio.

In the first evaluation phase, traders are expected to achieve an 8% profit target while ensuring they don’t exceed a 5% maximum daily loss and a 10% maximum overall loss. This profit target should be reached within 35 calendar days from the beginning of trading on the evaluation account. Moreover, they must complete a minimum of five trading days to progress to phase two.

In the second evaluation phase, traders need to attain a 5% profit target while staying within the 5% maximum daily loss and 10% maximum loss limits. This profit target must be met within 60 calendar days from the start of trading on the evaluation account, and they still need to complete a minimum of five trading days to advance to a funded account.

Upon successfully completing both evaluation phases, traders are rewarded with a funded account, where they no longer have specific profit targets. However, they must continue to follow the 5% maximum daily loss, 10% maximum loss, and lot size limit rules. The first payout occurs 30 calendar days after the initial trade is placed on the funded account, with subsequent payouts taking place every two weeks. The profit split ranges from 80% to 90%, depending on the profitability achieved on the funded account.

The Royal Challenge Accounts also offer a scaling plan. Traders are required to achieve a profit target of 6% or higher within three months, with at least two out of the three months being profitable. Meeting this requirement results in a 25% increase in the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the royal challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

Royal challenge account rules: 

Knight challenge account

The Funded Trader Knight Challenge account is crafted to identify dedicated and proficient traders who consistently perform well in a single-phase evaluation period. This program provides an opportunity to trade with a leverage ratio of 1:30.

During the evaluation phase, traders must achieve a 10% profit target while ensuring they stay within the specified maximum daily loss of 3% or maximum trailing loss of 6%. There are no specific requirements for the number of trading days in the evaluation account; the sole condition for qualification is reaching the profit target.

Upon successful completion of the evaluation phase, traders gain access to a funded account where profit targets no longer apply. However, they must still adhere to a maximum daily loss limit of 3% and a maximum trailing loss limit of 6%. The first payout is scheduled seven calendar days after opening the initial position in the funded account. It’s important to note that subsequent payouts will also follow a weekly schedule. The profit split ratio varies from 80% to 90%, depending on the profitability achieved in the funded account.

The Knight Challenge accounts also offer a scaling plan. Traders are required to achieve a 6% or higher profit target within three months, with at least two out of the three months being profitable. Meeting these criteria results in a 25% increase in the original account balance. Additionally, upon scaling their account for the first time, the profit split ratio increases from 80% to 90%, and the maximum daily drawdown limit rises from 3% to 4%.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the knight challenge accounts are forex pairs, commodities, indices, and cryptocurrencies.

knight challenges account:

What makes TFT different

The Funded Trader sets itself apart from many prominent proprietary trading firms by offering a high degree of trading style flexibility. Traders enjoy the freedom to participate in trading activities during news events, maintain positions overnight, and even continue trading through the weekends. In contrast to other proprietary firms, The Funded Trader’s standard challenge program employs a two-phase evaluation structure that requires successful completion of both phases for eligibility for payouts. The initial phase sets a profit target at 10%, while the subsequent phase requires a 5% profit target. Additionally, the program enforces maximum daily and maximum loss thresholds of 6% and 12%, along with rules governing lot size limits. To achieve funded status, traders must actively trade for a minimum of 3 days in each phase. Furthermore, the standard challenge program includes a scaling plan. When compared to other leading proprietary trading firms, The Funded Trader’s profit targets are moderately average, and the minimum trading day requirements are relatively low.

In contrast to alternative proprietary trading firms, The Funded Trader’s rapid challenge program stands out as a comprehensive two-phase evaluation initiative that demands the successful completion of both phases to qualify for payouts. Phase one involves reaching an 8% profit target, while phase two necessitates achieving a 5% profit target, all while adhering to strict rules concerning maximum daily loss (5%) and maximum overall loss (8%), as well as restrictions on lot sizes. In addition, participants in this program must actively engage in trading for a minimum of 5 days during each phase to become eligible for funding. Remarkably, The Funded Trader’s rapid challenge program distinguishes itself by incorporating a scaling plan, which facilitates the expansion of trading opportunities based on individual performance. When compared to prominent proprietary trading firms in the industry, this program offers comparatively modest profit targets and minimum trading day requirements, providing traders with a unique opportunity for growth and development.

The Funded Trader’s royal challenge program differentiates itself from other proprietary trading firms by offering a comprehensive two-phase evaluation program, wherein traders must successfully complete both phases to qualify for payouts. Phase one requires achieving an 8% profit target, while phase two necessitates attaining a 5% profit target. Throughout both phases, traders must adhere to a maximum daily loss limit of 5% and a maximum overall loss limit of 10%. Moreover, a minimum trading duration of 5 days is obligatory for each phase to qualify for funding. Notably, the program also includes a scaling plan in its rapid challenge programs. When compared to other leading firms in the industry, The Funded Trader Royal challenge program sets itself apart by implementing comparatively modest profit targets and minimum trading day requirements.

The last funding program provided by The Funded Trader involves a one-step evaluation process, where traders must successfully complete a single phase to become eligible for payouts. During this evaluation phase, traders are required to achieve a profit target of 10%, while adhering to maximum daily loss and maximum trailing loss rules of 3% and 6% respectively. It is worth noting that there are no specific minimum or maximum trading day requirements during the evaluation stage. Furthermore, The Funded Trader’s Knight challenge accounts include a scaling plan. Notably, this prop firm stands apart from other industry-leading firms by offering drawdown rules that are below average and by not imposing any time limitations. In terms of trading duration, a minimum of 10 trading days is mandated, without any specified maximum limit. Furthermore, the Express model accounts include a scaling plan that allows traders the opportunity to operate with capital amounts of up to $4,000,000.

In summary, The Funded Trader differentiates itself from other industry-leading prop firms by offering four distinct funding programs, each characterized by relaxed trading rules that permit trading during news events, overnight position holding, and weekend trading.

Is getting capital realistic

When assessing proprietary firms that match your forex trading style, it’s vital to evaluate the viability of their trading requirements. While an appealing proposition might involve a company offering a significant profit split on a well-capitalized account, it’s essential to scrutinize whether they impose challenging monthly profit targets and strict maximum drawdown limits. This combination significantly reduces the chances of achieving success.

Gaining access to capital through the standard challenge program accounts is generally seen as feasible due to their reasonable profit targets (10% in phase one and 5% in phase two) along with relatively lenient maximum loss regulations (6% maximum daily and 12% maximum loss).

Likewise, securing capital through the rapid challenge program accounts is considered attainable primarily because of their comparatively lower profit targets (8% in phase one and 5% in phase two) paired with average maximum loss guidelines (5% maximum daily and 8% maximum loss).

Furthermore, obtaining capital through the royal challenge program accounts is viewed as realistic mainly due to their relatively modest profit targets (8% in phase one and 5% in phase two) complemented by average maximum loss restrictions (5% maximum daily and 10% maximum loss).

Similarly, acquiring capital through the knight challenge program accounts is perceived as feasible primarily due to their average profit target of 10% and moderate maximum loss regulations (3% maximum daily and 6% maximum trailing loss).

After a thorough examination of these factors, The Funded Trader stands out as an excellent choice for obtaining funding. This is because they offer four distinct funding programs, each with achievable trading goals and necessary conditions for qualifying for payouts.

Payment Verification: The Funded Trader was established on May 12, 2021. Once traders secure funding, they become eligible for bi-weekly payouts with no minimum profit target requirement.

Which brokers does TFT use

The Funded Trader employs the brokerage services of both Eightcap and Purple Trading Seychelles. Eightcap, headquartered in Melbourne, Australia, is regulated by the Australian Securities and Investments Commission (ASIC). Since its establishment in 2009, Eightcap has been consistently dedicated to providing outstanding financial services to its clients. With a global presence spanning five offices, Eightcap operates under regulatory frameworks in multiple jurisdictions, allowing clients from all over the world to participate in trading across various markets, including foreign exchange (FX), indices, commodities, and shares.

If you opt for Eightcap as your broker, you will gain access to trading platforms like Meta Trader 4 and MetaTrader 5. Conversely, if you choose Purple Trading Seychelles, your trading options will be limited to the MetaTrader 4 trading platform.

Trading Options: The Funded Trader program offers opportunities for forex trading with leverage ratios of 100:1 (increasing to 200:1 during the evaluation phase). Additionally, you can engage in trading commodities with a leverage ratio of 40:1, indices with a leverage ratio of 20:1, and cryptocurrencies with a leverage ratio of 2:1.

Education and Support

The Funded Trader’s official website does not provide any educational materials or resources. However, it has garnered mentions and references within the ‘PROP FIRM HUB’ thread on ForexFactory, initiated by a user named Mastermind.

The company offers a well-structured dashboard that is accessible to all clients. This dashboard greatly assists in efficient risk management by presenting a comprehensive overview of essential statistical information, such as open positions and other relevant objectives.

To locate missing information, The Funded Trader offers a detailed FAQ page, serving as a valuable resource. If you need direct assistance, their support team can be contacted through various channels. You can find them on their official social media platforms or reach out via email at support@thefundedtraderprogram.com. Additionally, their website features an active live chat support option, and you can anticipate a prompt response delivered to your specified email address upon sending a message through this platform. For a more interactive experience, you can explore their Discord channel, where distinct channels are available for both the support team and the community to assist with general support or technical issues.

Clients review

The Funded Trader has received high praise in its reviews.

On Trustpilot, you can find a wide variety of contributions and positive feedback, resulting in an impressive rating of 4.7 out of 5 based on 5,940 reviews. Furthermore, they have a reliable support team that consistently provides customers with the information they need.

According to testimonials from the community, The Funded Trader is highly appreciated for its empathetic and quick assistance, demonstrating a strong commitment to ensuring customer satisfaction.

Another remarkable aspect of The Funded Trader is their skillful combination of positive attributes from different proprietary firms, leading to a comprehensive and well-rounded offering.

Social media stats

The Funded Trader can also be found on social media.

They have a:

Additionally, they maintain an active Discord channel boasting a substantial membership of 42,641 individuals. This platform serves as an avenue to stay updated with the latest announcements, seek assistance in the dedicated support channel, or engage in discussions with fellow community members regarding trading strategies.

Conclusion

In summary, The Funded Trader stands as a reputable proprietary trading firm offering four distinct funding programs: Standard, Rapid, Royal, and Knight. The Standard Challenge program comprises a two-phase evaluation process, aligning with industry norms, which traders must complete to secure funding and qualify for profit shares. To become eligible for funding, traders are required to reach profit targets of 10% in the first phase and 5% in the second phase. These targets are both achievable and practical, especially when coupled with the accompanying risk management rules, which include a maximum daily loss of 6% and a maximum loss limit of 12%. Participating in the Standard Challenge program enables traders to earn profit shares of up to 90% and offers the opportunity to expand their accounts.

Similarly, the Rapid Challenge program follows the same two-phase evaluation structure in line with industry standards. Traders must meet profit targets of 8% in the first phase and 5% in the second phase to secure funding. The risk management guidelines, which entail a maximum daily loss of 5% and a maximum loss limit of 8%, make these trading objectives both realistic and reasonable. Successfully completing the Rapid Challenge program allows traders to earn profit shares of up to 90% and provides the option to grow their accounts.

The Royal Challenge program also adheres to industry standards, employing a two-phase evaluation process. Traders seeking funding must achieve profit targets of 8% in the first phase and 5% in the second phase. With risk management rules specifying a maximum daily loss of 5% and a maximum loss limit of 10%, these trading objectives are both realistic and attainable. By successfully completing the Royal Challenge program, traders can earn profit shares of up to 90% while retaining the ability to expand their accounts.

Finally, the Knight Challenge program is a one-step evaluation process, requiring traders to successfully complete a single phase before becoming funded and eligible for profit shares. Traders must reach a profit target of 10%. Considering the risk management guidelines of a maximum daily loss of 3% and a maximum trailing loss of 6%, these trading objectives are practical and attainable. Participants in the Knight Challenge program have the opportunity to earn profit shares ranging from 80% to 90% while also having the ability to expand their accounts.

Based on my evaluation of The Funded Trader’s offerings, I wholeheartedly recommend their services to individuals in search of a prop firm with clear and straightforward trading rules. They are a well-established firm that provides favorable conditions for a diverse range of traders with varying styles. Given their comprehensive features and reputation as an industry-leading prop firm, The Funded Trader is an outstanding choice.

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