CLICK THIS LINK TO GET 7.5% OFF ALL CHALLENGE ACCOUNTS AT THE FUNDED TRADER
At The Funded Trader, they hold a strong belief that every individual retail trader should have a chance to secure capital based on their dedication and performance in building their own trading business.
The Funded Trader is actively seeking talented and experienced traders who possess a deep passion for the markets. With the assistance of their funds, these traders have the opportunity to thrive even in volatile and unpredictable market conditions. By effectively managing account sizes of up to $1,500,000, they can unlock the potential for substantial profits. Additionally, traders can take advantage of profit splits reaching as high as 90%. The trading opportunities extend across a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
The Funded Trader, established on May 12, 2021, is a proprietary firm with its headquarters situated at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.
While their office is based in the United States, they provide traders with an opportunity to work with substantial capital balances of up to $1,500,000. Moreover, traders can enjoy profit splits of up to 90%. The firm has partnered with reputable brokers, namely Eightcap and Purple Trading Seychelles, to facilitate trading operations for their clients.
Angelo Ciaramello, a 24-year-old entrepreneur hailing from New Jersey, founded The Funded Trader in 2020. Initially, his company began as a start-up that introduced gamification to the realm of retail trading in capital markets. The primary objective was to offer individual traders an opportunity to compete, aiming to secure funding and attain top positions on the rankings leaderboard.
Under Angelo's leadership, The Funded Trader successfully developed multiple funding challenges, enabling individuals to trade using the company's capital while receiving percentage-based profit splits. In 2022, Angelo achieved a significant milestone as he was recognized as one of the top 25 Financial Technology Leaders of New Jersey.
To keep up with Angelo Ciaramello and his endeavours, interested individuals can follow him on Instagram and LinkedIn. These platforms provide a glimpse into his daily activities and offer a closer look at his posts and updates.
The Funded Trader provides traders with a range of four distinct programs to select from. These programs include:
For those seeking a more rapid trading experience, the following programs are available:
For traders aspiring to access exclusive benefits and opportunities, The Funded Trader offers the following programs:
Each program is designed to cater to different trading styles, preferences, and objectives, allowing traders to choose the program that best aligns with their goals.
The Funded Trader's Standard Challenge Account is designed to identify skilled and committed traders who demonstrate consistency in their trading performance throughout a two-phase evaluation period. Here are the key features and rules associated with the Standard Challenge Account:
Please note that these rules and features pertain specifically to the Standard Challenge Account offered by The Funded Trader.
The Funded Trader distinguishes itself from many other leading prop firms by offering traders significant flexibility in their trading styles. Unlike some firms, The Funded Trader allows traders to engage in trading activities during news events, hold trades overnight, and even over weekends.
When compared to other prop firms, The Funded Trader's Standard Challenge Program stands out as a two-phase evaluation program. Traders must successfully complete both phases to become eligible for payouts. In Phase One, the profit target is set at 10%, while in Phase Two, it is lowered to 5%. Traders must adhere to the maximum daily loss of 5%, maximum loss of 10%, and lot size limit rules. Furthermore, a minimum of 3 trading days is required in each phase before advancing to the funded stage.
In addition, The Funded Trader's Standard Challenge Program includes a scaling plan, which sets it apart from other industry-leading prop firms. Traders who achieve a profit target of 6% or more within a three-month period, with at least two out of three months being profitable, receive a 25% increase in their account balance.
Compared to its competitors, The Funded Trader offers average profit targets and relatively low minimum trading day requirements. This combination of flexibility, evaluation structure, and scaling plan makes The Funded Trader's Standard Challenge Program distinct within the prop trading industry.
The Funded Trader offers a wide range of account types and subtypes, each with varying balance requirements and rates. This diversity allows traders to select the account type that best suits their specific needs and preferences. By offering different options, The Funded Trader aims to provide optimal conditions for each partner, ensuring they can operate under the most favourable circumstances that align with their trading strategies and goals.
The Funded Trader follows a customer-friendly pricing policy that prioritizes loyalty and success. Traders can begin their journey with a minimal initial fee of just $189. What makes this policy even more attractive is that the initial fee is fully refunded to traders upon successful completion of the two-stage challenge. This approach ensures that traders have the opportunity to prove their skills and achieve their goals without bearing the burden of the initial fee. The Funded Trader's commitment to refunding the fee demonstrates their dedication to supporting and rewarding traders who meet the challenge requirements.
The Funded Trader distinguishes itself from many other prop trading firms by offering an attractive profit split to its partners. While the industry standard typically ranges from 60% to 70%, The Funded Trader provides traders with 80% of the net profit right from the start. This higher initial profit split allows traders to enjoy a greater portion of their trading earnings.
Moreover, what sets The Funded Trader apart is the potential to increase the profit split up to 90% over time. As traders demonstrate their trading skills and achieve consistent profitability, they have the opportunity to earn an even larger share of the net profits generated. This progressive profit split structure provides traders with additional incentives and rewards as they progress in their trading journey with The Funded Trader.
Unlike many prop trading firms that restrict their partners to a single trading platform, The Funded Trader offers its partners the flexibility to choose from three popular platforms: MT4 (MetaTrader 4), MT5 (MetaTrader 5), and TradingView. This freedom of choice empowers traders to select the platform that best aligns with their trading preferences, strategies, and technical analysis tools. Whether traders prefer the robust features of MT4 or the advanced capabilities of MT5, or if they opt for the user-friendly interface of TradingView, The Funded Trader ensures that partners have access to the platform that suits their individual needs.
The Funded Trader was officially incorporated on May 12, 2021. Once traders successfully complete the funding process and are funded by the firm, they become eligible for bi-weekly payouts. Unlike certain prop trading firms that impose minimum profit targets for payouts, The Funded Trader does not have such requirements. This means that traders can receive payouts on a regular basis without needing to reach specific profit targets. The bi-weekly payout structure provides traders with a consistent flow of earnings, contributing to their financial stability and flexibility.
The Funded Trader has established partnerships with two reputable brokers: Eightcap and Purple Trading Seychelles. Each broker offers different services and trading platforms for traders:
Depending on the broker you choose, you will have the option to trade on either MetaTrader 4 or MetaTrader 5. Eightcap and ThinkMarkets offer both platforms, while Purple Trading Seychelles supports only MetaTrader 4.
My first payout ever from a prop firm
My first payout ever from a prop firm , TFT is an extraordinarily great prop firm to work with, got a $10,000 account for 50% off at $64.50 and made my first withdrawal of $636(inclusive of my refundable evaluation fee), nothing beats that. I’m here with TFT not just for a good time but for a long time.
Eric.O
Experienced Trader
⭐️⭐️⭐️⭐️⭐️
Customer service is A1
Customer service is A1. I literally got response within 10 minutes of sending a message, both on the site and through email. Can't speak on much else as I'm still in the process of passing the second challenge phase. The whole process has been smooth thus far.
Cedric P
Experienced Trader
⭐️⭐️⭐️⭐️⭐️
Been with the company since day one
Been with the company since day one. I’ve watched them get better and better as I have got better and better in my trading. What separates them in my opinion from other firms is their customer service and they also seem to be trader first, which is great to have a firm like that.
David R
Experienced Trader
⭐️⭐️⭐️⭐️⭐️
Good customer support
I had a very good customer support while I was waiting for my giveaway challenge account until I received it in a short time. Now I can start to trade with it. Much thanks to the funded Trader for this opportunity.
Nwankwo Chibunna
Experienced Trader
⭐️⭐️⭐️⭐️⭐️
Overall experience
Challenge acquisition is fast and the information on the site is good. Support is AI and sends weird messages sometimes. Please improve customer support.
Pauls K
Experienced Trader
⭐️⭐️⭐️⭐️
In conclusion, The Funded Trader is a legitimate and well-established proprietary trading firm that provides traders with the opportunity to choose from four distinct funding programs: Standard, Rapid, Royal, and Knight. These programs offer traders realistic trading objectives and a chance to earn profit splits while following specific trading rules.
The Standard, Rapid, and Royal challenge programs are two-phase evaluation challenges that require traders to achieve profit targets in each phase before becoming funded. The profit targets, maximum daily loss, and maximum loss rules are designed to provide a realistic and manageable trading environment. Traders have the potential to earn profit splits of up to 90% and can also scale their accounts.
For traders looking for a one-step evaluation program, the Knight challenge accounts offer a single phase to reach a profit target of 10% before becoming funded. These accounts have specific maximum daily loss and maximum trailing loss rules. Traders can earn profit splits ranging from 80% to 90% and have the opportunity to scale their accounts.
The Funded Trader's straightforward trading rules and the variety of funding programs make it an attractive choice for traders with different trading styles. Their industry-leading status and commitment to providing excellent trading conditions further solidify their reputation as a reputable prop trading firm. Overall, The Funded Trader is recommended for individuals seeking a reliable and transparent prop firm.
Please note that the information in this review was last updated on July 17, 2023.
©2023 Forex Funding Review
