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The Funded Trader Review 2024

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The Funded Trader Review 2024
News trading
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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:The Funded Trader
Founded:2021
Headquarter:Texas
Min Price:$49
Max Fund:$200,000
Challenges:3
About
The Funded Trader, founded in 2021 by Angelo Ciaramello, is a Texas-based prop trading platform. This prop firm offers substantial capital to traders who can pass its 1-step, 2-step or, 3 step challenges. Traders can receive funded accounts up to $200,000, trade Forex instruments, and earn 9% of their profits.
Contact
14001 W Hwy 29 Ste 102. Liberty Hill, TX 78642
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
High discounts
High-profit splits (up to 95%)
Multiple trading platforms
Scaling plan to increase account size up to $1.5 million
Cons
Mixed customer reviews on trust sites
High initial costs for larger accounts

The Funded Trader is a famous prop firm founded in 2021. This US-based company offers significant capital of up to $200,000 to professional traders who pass its challenges.

If you are a skilled Forex trader and you want to increase your trading capital and earn up to 95% of the profits, we highly suggest reading this article. In this comprehensive The Funded Trader review, we'll provide an in-depth guide on what makes this prop firm stand out in the crowded prop trading landscape.

The Funded Trader review
Reviewing the Funded Trader pros, cons, and features

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:

  1. Visit the official website at thefundedtraderprogram.com;
  2. Choose your preferred challenge type and account size;
  3. Choose your trading platform, broker, and add-ons
  4. Fill out the billing information form with your personal details;
  5. Complete the payment process;
The Funded Trader account purchase form
Enter your personal data and address information to buy an account in The Funded Trader
  1. Reach the profit target without violating challenge rules and conditions
  2. Complete ID verification by uploading national ID, passport, or driverā€™s license
  3. Upload a selfie to match your face with your submitted ID
  4. 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 1-step evaluation
the 1-step challenge in The Funded Trader has 2 account types, including Knight and Knight Pro

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
The Funded Trader 2-step evaluation has a 5% daily drawdown and 8% profit target rules

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 3-Step account
The Funded Trader 3-step evaluation features and conditions

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 Affiliate program commission structure
The Funded program offer a 3-tier commission structure in its referral program
These incentives not only make the program more accessible but also create opportunities for traders to boost their earnings beyond just trading profits.

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 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 Trustpilot score
The Funded Trader has received mixed reviews on the Trustpilot website
As with any financial service, it's crucial to conduct thorough research and possibly start with a smaller account to test the waters before committing significant capital.

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:

  • YouTube: https://www.youtube.com/c/thefundedtrader
  • Instagram: https://www.instagram.com/thefundedtrader
  • LinkedIn: https://www.linkedin.com/company/thefundedtrader
  • Twitter: https://x.com/thefundedtrader
  • Telegram: https://t.me/thefundedtraderprogram
  • Discord: https://discord.com/invite/R5CX3rsPFD

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

As a US-based prop firm, The Funded Trader has carved out a notable position in the competitive prop trading landscape. With its variety of 1-step, 2-step, and 3-step funding options, high profit splits up to 95%, and diverse platform choices, it offers attractive opportunities for skilled traders.

However, the challenging evaluation process and mixed customer reviews suggest that success with TFT requires dedication and careful consideration. As with any financial endeavor, thorough research and starting small are advisable before fully committing to The Funded Trader program.

FAQs

What is the maximum account size in The Funded Trader?

The maximum account size in The Funded Trader is $200,000.

What is the profit split in The Funded Trader prop firm?

The Funded Trader offers up to 95% profit split.

What are payout options in The Funded Trader?

The Funded Trader payout profits via cryptocurrencies and bank transfers.

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