The Funded Trader (The Funded Trader LLC) is a Texas-based prop firm that offers Knight, Knight Pro, Rapid, Royal, Standard, and Dragon challenges. These accounts are available on 4 trading platforms, including Match Trader, DX Trade, cTrader, and MT5, with various account sizes ranging from $5k to $200k.
The Funded Trader Prop Firm Company Information
The Funded Trader (TFT) has quickly made a name for itself as an innovative prop trading firm that's shaking up the industry. Founded with the mission of empowering traders worldwide, The Funded Trader offers a unique blend of capital and technology to help traders reach their full potential.
Here's what traders need to know about The Funded Trader prop firm:
- Founding location: Texas
- Founding year: 2021
- Founder: Angelo Ciaramello
- Account sizes: Ranging from $5k to $200k
- Challenge fees: From $49 to $1,158
TFT's approach is designed not just to provide capital, but to foster long-term trader development and success.
The Funded Trader Prop Specifications
Let's break down the key specifications that make The Funded Trader an attractive option for ambitious traders:
Account currency | USD |
Minimum price | $49 |
Maximum leverage | 1:200 |
Maximum profit split | 95% |
Instruments | Forex, crypto, indices, commodities, metals |
Assets | USD/JPY, Bitcoin, S&P 500, Gold, US oil |
Evaluation steps | 3 |
Trading platform | MT5, Match-Trader, DXtrade, cTrader |
Withdrawal methods | Bank transfer, cryptocurrencies |
Maximum fund size | $200,000 |
First profit target | 8% |
Maximum daily loss | 8% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Commission per round lot | From $0 |
Trust pilot score | 3.3/5 |
Payout frequency | Weekly |
Established country | USA |
Established year | 2021 |
The Funded Trader Advantages and Disadvantages
Every prop firm has its strengths and weaknesses. Here's an honest look at where The Funded Trader shines and where it might fall short:
Pros | Cons |
High-profit splits (up to 95%) | High initial costs for larger accounts |
Multiple trading platforms | Mixed customer reviews on trust sites |
Scaling plan to increase account size up to $1.5 million | - |
High discounts | - |
The Funded Trader Funding options & Challenge Prices
The Funded Trader offers a range of account sizes and challenge options to suit different trader preferences and risk appetites. Here's a breakdown of their funding options and associated costs:
1-Step challenges:
Funding size | $5k | $10k | $25k | $50k | $100k | $200k |
Evaluation price | $59 | $99 | $189 | $289 | $489 | $939 |
2-Step challenge:
Funding size | $5k | $10k | $25k | $50k | $100k | $200k |
Evaluation price | $79 | $129 | $229 | $299 | $499 | $899 |
3-Step challenge:
Funding size | $5k | $10k | $25k | $50k | $100k |
Evaluation price | $49 | $99 | $135 | $205 | $355 |
The pricing structure is designed to be competitive while ensuring that traders have skin in the game, aligning incentives between the firm and its funded traders.
The Funded Trader Prop Account Opening & Verification
Getting started with The Funded Trader is a straightforward process, but it does involve some important steps to ensure security and compliance. Here's what you need to know:
- Visit the official website at thefundedtraderprogram.com;
- Choose your preferred challenge type and account size;
- Choose your trading platform, broker, and add-ons;
- Fill out the billing information form with your personal details;
- Complete the payment process;
- Reach the profit target without violating challenge rules and conditions
- Complete ID verification by uploading national ID, passport, or driver’s license
- Upload a selfie to match your face with your submitted ID
- Upload address verification documents (utility bill, bank statement, phone line bills)
The Funded Trader Prop Firm Evaluations
The Funded Trader offers multiple evaluation paths to cater to different trader skill levels and preferences:
The Funded Trader 1-Step Evaluation
The 1-step evaluation process is designed for traders who want to get funded as quickly as possible.
Account Size | $5k | $10k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 3% | |||||
Maximum overall drawdown | 6% | |||||
Profit target | 10% | |||||
Profit split | Up to 95% | |||||
Minimum challenge fee | $59 | $99 | $189 | $289 | $489 | $939 |
Key points about The Funded Trader 1-step account:
- Traders can choose Knight Pro accounts to increase their daily drawdown to 5% and maximum drawdown to 8%
- Traders can increase the maximum daily drawdown to 4% and the maximum total drawdown to 7 by choosing the add-on option
The Funded Trader 2-Step Evaluation
This account type is designed for traders who prefer a more standard approach to receiving their funded accounts.
Account Size | $5k | $10k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 5% | |||||
Maximum overall drawdown | 8% | |||||
Profit target | 8% | |||||
Profit split | Up to 95% | |||||
Minimum challenge fee | $79 | $129 | $229 | $299 | $499 | $899 |
Key features of the 2-step challenges in The Funded Trader prop firm:
- The Funded Trader offers Rapid, Royal, and Standard account types
- Traders can choose 7-day or 14-day payout add-ons by paying a slightly higher fee
The Funded Trader 2-Step Evaluation
This account type is designed for traders who can showcase consistent performances.
Account Size | $5k | $10k | $25k | $50k | $100k |
Maximum daily drawdown | 5% | ||||
Maximum overall drawdown | 10% | ||||
Profit target | 8% | ||||
Profit split | 95% | ||||
Minimum challenge fee | $49 | $99 | $135 | $205 | $355 |
Key features of this evaluation plan:
- 95% payout add-ons
- 4 different trading platforms are available for this challenge type
The Funded Trader Bonuses and Discounts
The Funded Trader offers several ways for traders to save money and even earn additional income:
Discount Codes:
- Regularly released promo codes can save up to 45% on challenge fees
- Special holiday deals and flash sales throughout the year
- Follow TFT's social media channels for exclusive discount announcements
Affiliate Program:
- Earn up to 15% commissions by referring new traders to TFT
- 30 days, bi-weekly, and weekly payouts
- Tiered commission structure starting from 10%
The Funded Trader Prop Firm Trading Platforms
The Funded Trader provides access to several popular trading platforms, catering to different trader preferences:
- Match-Trader: A robust trading platform offering seamless integration with various liquidity providers, customizable trading conditions, and advanced risk management and analysis tools for optimal performance.
- DXtrade: A versatile trading platform offering customizable user interfaces, multi-asset trading, and flexible back-office tools for seamless client management.
- cTrader: cTrader is a powerful trading platform known for its intuitive interface, advanced charting tools, algorithmic trading support, and direct access to liquidity providers, offering a seamless experience for both retail and institutional traders.
- MetaTrader 5 (MT5): a comprehensive multi-asset trading platform offering advanced charting tools, algorithmic trading, real-time market analysis, and support for multiple order types, ideal for both beginner and professional traders.
Each platform offers unique features, allowing traders to choose the one that best fits their trading style and technical requirements.
Tradable Instruments & Symbols in The Funded Trader
The Funded Trader offers a diverse range of tradable assets across multiple markets:
- Forex: EUR/USD, GBP/USD, CAD/JPY, and other currency pairs
- Commodities: Natural gas, WTI, and Brent oil
- Indices: EUR50, JPN225, US500, and other major global indices
- Cryptocurrencies: BTC, ETH, SOL, BCH, and LTC
- Metals: Gold and silver
The Funded Trader Prop Payment Options
The Funded Trader offers flexible payment options for both challenge fees and profit withdrawals:
Challenge Payment Methods
- Credit/Debit Cards
- Cryptocurrencies (Bitcoin, Ethereum, USDT)
Payout withdrawal methods
- Bank Wire Transfers
- Cryptocurrencies
Key Points:
- Crypto payments often process faster than traditional methods
- Minimum withdrawal is $100
- The funded Trader offers weekly, bi-weekly, and monthly payouts
The Funded Trader aims to provide secure and efficient payment solutions to suit traders' preferences and geographical locations.
The Funded Trader Prop Fees (Commission and Costs)
Understanding the cost structure at The Funded Trader is crucial for managing your trading budget effectively:
- Competitive spreads starting from 0 pips
- Commissions vary by trading platform and broker (ranging from $0 to $7)
- No monthly subscription fees for funded accounts
- Overnight financing (swap) rates for positions held beyond the daily cut-off time
The transparent fee structure allows traders to focus on their strategies without worrying about hidden costs eating into their profits.
The Funded Trader Prop Firm Educational Resources
While The Funded Trader excels in providing capital and trading opportunities, their educational offerings are somewhat limited compared to some competitors.
This platform provides blog posts regarding prop firm trading strategies and trading platform tutorials.
However, The Funded Trader does not provide:
- Comprehensive trading courses
- Structured educational programs
- Extensive seminars and webinars
Traders looking for in-depth educational resources need to check out other prop firms such as FTMO or Funded Next.
The Funded Trader Prop Trust Scores
Trust is paramount in the prop trading industry, and The Funded Trader's reputation is a mixed bag according to Trustpilot (https://www.trustpilot.com/review/thefundedtraderprogram.com) reviews:
- Overall Trustpilot Score: 3.3/5
- Total number of reviews: over 20,000
- Number of 5 star reviews: 68%
The Funded Trader Customer Support
Effective customer support is crucial for any prop firm, and The Funded Trader offers multiple channels for trader assistance:
- Email Support: support@thefundedtraderprogram.com
- Phone Support: 888-920-3079
- Discord Community: Active channel with over 100 thousand members
- Live Chat: available on the website
While the support options are diverse, some traders report inconsistent response times, particularly during high-volume periods or weekends.
The Funded Trader Social Media Channels
The Funded Trader maintains an active presence across various social media platforms:
- Discord
- YouTube
- Telegram
Following these channels can provide valuable insights, keep you updated on TFT's offerings, and connect you with fellow traders in the community.
TF Expert Suggestion
The Funded Trader (TFT) 's attractive bonuses, such as the 45% discount and 15% commission on the affiliate program with weekly payouts, allow this prop firm to attract new users.
On the other hand, the high percentage of 1-star reviews on the Trustpilot website (21%) and high trading commissions (from $0 to $7) are important negative aspects that traders need to be aware of.