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Funding Traders Review 2024

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Funding Traders Review 2024
Leverage up to 1:100Funded AccountsEducational BlogScaling Plan
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Funding Traders
Founded:2023
Headquarter:United Arab Emirates
Min Price:$100
Max Fund:$2,000,000
Challenges:2
About
Funding Traders was founded in April 2023 by Stan in the United Arab Emirates. It has a 4.5 trust score on TrustPilot, mainly because of its tight spreads and robust trading platform offerings (MT5, DXTrade, and TradeLocker).
Contact
IFZA Business Park, DDP - 001, A1 - 3641379065, Dubai
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
7-day payouts
Generous 100% Profit Split
Unlimited trading days
Cons
Relatively New
Limited Educational Resources
Reports of account terminations without clear reasons

Funding Traders provides users with trading funds and enables them to earn profits by trading Forex, Crypto, Indices, and Metals without their own money. What are the rules and conditions on Funding Traders prop firm?

We’ll explore the firm’s trading assets, evaluation plans, challenge rules, educational materials, social media, and many more in this Funding Traders review.

Funding Traders; Company Information

Funding Traders
Prop firm with a 10% profit target and max total drawdown of 10%

Funding Traders is a cutting-edge prop trading firm established in 2023 and led by CEO Stan. The firm’s website is registered in Dubai. It offers weekly payouts and up to 100% profit split. Key features of Funding Traders:

  • Account sizes ranging from $10,000 to a whopping $200,000;
  • Structured evaluation framework with 1-step and 2-step challenges;
  • Up to 100% profit split for successful traders;
  • Zero commissions on challenge accounts;
  • Unlimited trading days;
  • News trading allowed;
  • Weekend and overnight holding permitted.

The company’s systematic scaling plan allows traders to increase their account size by 25% every three months, provided they maintain profitability. This blend of financial opportunity and trader support makes Funding Traders a compelling choice in the competitive world of prop trading.

Funding Traders Prop Firm Specifications Summary

The firm charges no commissions on challenge accounts nor takes any percentages of your profits. It only makes money by copying successful traders. Here are the specifics you need to know about Funding Traders.

Account currency

USD

Minimum price

$100

Maximum leverage

Up to 1:100

Maximum profit split

Up to 100%

Instruments

Forex, Indices, Crypto, Metals

Assets

N/A

Evaluation steps

1-Step, 2-Step

Withdrawal methods

Rise, Coinbase

Maximum fund size

$2,000,000

First profit target

10%

Max. daily loss

5%

Challenge time limit

Unlimited

News trading

Yes

Maximum total drawdown

10%

Trading platforms

DXTrade, Tradelocker, MT5

Commission

$3 per lot roundtrip on FX and Indices

TrustPilot score

4.5

Payout frequency

Weekly

Established country

UAE

Established year

2023

Funding Traders Prop Firm Advantages & Disadvantages

Like any financial opportunity, trading with Funding Traders comes with its own set of pros and cons.

Pros

Cons

Generous 100% Profit Split

Relatively New

Unlimited trading days

Limited Educational Resources

7-day payouts

Reports of account terminations without clear reasons

scaling plan up to $2 million

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Funding and Pricing in Funding Traders Prop Firm

The company offers a diverse range of account sizes to suit different trader needs and experience levels. Funding Traders account sizes and their prices:

Account Size

Price

$10K

$100

$25K

$200

$50K

$300

$100K

$550

$200K

$1,100

Funding Traders Prop Firm Registration and Verification Guide

Getting started with the prop firm is a straightforward process. Here's a step-by-step guide to help you navigate the registration and verification steps on Funding Traders.

  1. Visit the firm’s official website;
  2. Click on “Get Funded”;
  3. Choose “Sign up”;
  4. Provide your first name, last name, and email address, and set a strong password.
Funding Traders Verification
There is no need to the complete KYC process in the challenge phases

In order to make it to the funded phase and submit payout requests, you must verify your account. For that, you should upload the following documents through the Funding Traders dashboard, “Profile Menu”.

  • Proof of ID (Front and back);
  • Passport photo;
  • Selfie;
  • Proof of Address.

Funding Traders Prop Firm Evaluation Stages

The prop firm employs a rigorous evaluation process to ensure that funded traders possess the skills and discipline necessary for success in the live markets. Key features of Funding Traders evaluation programs:

1-Step

2-Step

Trading period

unlimited

unlimited

Max Daily Drawdown

4%

5%

Max Drawdown

5%

10%

Max Loss per Trade

2%

2%

Target

10%

10%

5%

Leverage

Up to 1:100

Up to 1:100

Payout

Weekly

Weekly

Profit Split

Up to 100%

Up to 100%

Bonuses and Discounts on Funding Traders Prop Firm

Funding Traders understands the importance of providing value to its traders, and they've implemented attractive bonus and discount structure to sweeten the deal.

  • Seasonal Promo Codes: Discounts on challenge accounts;
  • Affiliate: A program with a 4-tier structure with commission percentages ranging from 10% to 25%.

Funding Traders Prop Firm Available Platforms

We should discuss available trading platforms on this Funding Traders review. The company understands the importance of providing traders with robust and flexible trading platforms.

  • MT5;
  • TradeLocker;
  • DXTrade.

Funding Traders Prop Firm Tradable Instruments and Symbols

Funding Traders offers a diverse range of tradable instruments, catering to various trading styles and preferences. Here's a breakdown of the available instruments and symbols.

  • Forex;
  • Crypto;
  • Indices;
  • Metals.

Funding Traders Prop Firm Payment Methods

Another essential aspect of the Funding Traders review is exploring the supported payment and payout methods. While payments can be made via Credit/Debit Cards and Crypto, withdrawals have a different story. Funding Traders payout methods:

Currency

Processing Time

Min Amount

Rise

Fiat, Crypto

2 – 7 business days

$200

Coinbase

USDT (ERC20)

28 – 48 hours

$50

Fees & Trading Costs on Funding Traders Prop Firm

The company implements a straightforward fee structure. It charges no commissions on challenge phases and a $3 per lot roundtrip on FX and Indices. While there is no specific data on spreads, Funding Traders boasts its tight spreads.

Does Funding Traders Prop Firm Offer Educational Resources?

In the competitive world of prop trading, education can be the difference between success and failure. Funding Traders seems to understand this well, offering a robust set of educational resources to its traders through its blog, including:

  • Market News;
  • Tutorials;
  • Prop Trading Introduction.

Funding Traders Prop Firm Trust Scores (Trustpilot)

Funding Traders Trust Score on TrustPilot
Funding Traders actively responds to negative reviews, addressing concerns and inviting traders to reach out for clarification

Trust is paramount in the prop trading industry, and Funding Traders' trust scores provide interesting insights into trader experiences. TrustPilot users have given the firm an excellent score of 4.5 out of 5 (based on 1,700 reviews).

Interestingly, Funding Traders doesn’t have any profiles on reputable websites like Reviews.io and Forex Peace Army. Key points of users’ experiences on the firm:

  • Positive Feedback: Many traders praise the exceptional customer support, with specific agents like Magnesium, Khalifa, Ced, and Obi-Wan Kenobi receiving accolades;
  • Areas of Concern: Some negative reviews mention issues with the consistency rule and claim unfair practices.

Funding Traders Prop Firm Support (Channels & Opening Hours)

Effective support can make or break a trader's experience with a prop firm. Funding Traders appears to prioritize supporting customers 24/7. However, they don’t offer any phone support which can be a let-down.

Email

help@fundingtraders.com

Ticket

“Contact” form

Online Chat

Available on the website

Telegram Group

Join

Funding Traders Prop Firm Presence on Social Media

In today's digital age, a strong social media presence is crucial for any business, especially in the fast-paced world of trading. Funding Traders maintains an active presence across several social media platforms, including:

  • Twitter: https://twitter.com/Funding_Traders
  • Discord: https://discord.gg/fundingtraders
  • Telegram: https://t.me/fundingtraders
  • Instagram: https://instagram.com/fundingtraderscom

This multi-platform approach allows Funding Traders to reach a wide audience and constantly communicate with current and potential traders. The content shared across these platforms often includes:

  • Market analysis and trading signals;
  • Educational resources and webinar announcements;
  • Company updates and new feature rollouts;
  • Trader spotlights and success stories.
Funding Traders Telegram Community
The firm shares new seasonal promo codes on its telegram group

Trading Finder Expert Suggestions

Funding Traders is a new prop trading firm offering funded accounts through two evaluation plans (1-step, 2-step) with trading capitals ranging from $10,000 to $200,000.

Funding Traders prop firm offers a $10K account for just $100 with a generous 100% profit split and no commissions during challenge phases. Share your thoughts about the Funding Traders review in the comments.

FAQs

What is the minimum account size?

The minimum account size is $10,000.

Does Funding Traders offer a 100% profit split?

While 100% profit split is available, you need to activate it as an add-on by paying the price.

How long does it take to receive payouts?

The payout frequency is 7 or 14 days.

Can I trade cryptocurrencies?

Funding Traders allows trading in cryptocurrencies and other instruments like FX and indices.

Is there a scaling plan for successful traders?

Consistently profitable traders can grow their account size by 25% every three months up to $2,000,000.

Is Funding Traders reliable?

While the prop firm isn’t regulated by any major financial authority, it has a 4.5 trust score on TrustPilot.

What channels are available for support?

You can use the firm’s email address (help@fundingtraders.com), chat online with an agent, or join the Telegram group.

What are the payment methods?

You can use Rise and Crypto transactions to purchase challenges or withdraw profits.

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