The Funded Trader has the same founders as The Forex League and VVS Academy. They made this prop firm to provide their community with the exact solutions required.
The Funded Trader firmly believes that traders around the world should have fair opportunities to access the capital they need to transform their lives and accomplish their goals. Recognizing the challenges and intense competition in the trading industry, their commitment lies in empowering traders and helping them fulfill their aspirations while achieving higher financial gains. The Funded Trader holds the conviction that with the right assistance, mindset, technology, and risk management, anyone has the capability to flourish as a profitable trader. With their primary objective in mind, The Funded Trader aims to establish itself as the leading proprietary trading firm for talented traders worldwide.
The Funded Trader Company Information
You can learn more about The Funded Trader’s company details in the spreadsheet below.
| Company Information | The Funded Trader |
|---|---|
| Incorporation | May 2021 |
| Location | Liberty Hill, Texas |
| CEO | Angelo Ciaramello |
| Maximum Account Size | Standard Challenge: $400,000 Rapid Challenge: $200,000 Royal Challenge: $400,000 Knight Challenge: $200,000 Dradong Challenge: $200,000 |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Broker | Eightcap, Purple Trading Seychelles, ThinkMarkets |
Founded in May 2021, The Funded Trader is a proprietary trading firm with headquarters in Liberty Hill, Texas, led by CEO Angelo Ciaramello. They provide traders with an opportunity to participate in five distinct funding plans, offering account sizes of up to $400,000. Traders gain access to trading accounts through Eightcap, Purple Trading Seychelles, or ThinkMarkets, and they have the option to utilize MetaTrader 4 or MetaTrader 5 as their trading platform.
Funding Plans
The Funded Trader offers five distinct funding programs to traders worldwide.
Standard Challenge
| Account Sizes | One-time Fee |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $939 |
| $300,000 | $1,409 |
| $400,000 | $1,879 |
| Trading Parameters | Parameter Values |
|---|---|
| Phase 1 Profit Target | 10% |
| Phase 2 Profit Target | 5% |
| Daily Drawdown | 5% (6% Addon) |
| Maximum Drawdown | 10% (12% Addon) |
| Leverage | 1:100 (Swing 1:30) |
| Minimum Trading Day Requirements | 3 Calendar Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 80% Up To 90% |
Standard Challenge Scaling Plan
Standard Challenge accounts have a consistency-based scaling plan. This means that you are required to reach a profit of 6% or more within a three-month period. Out of the three months, two have to be positive. By meeting all the objectives, The Funded Trader will increase your initial account balance by 25%.
Rapid Challenge
| Account Sizes | One-time Fee |
|---|---|
| $5,000 | $79 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
| Trading Parameters | Parameter Values |
|---|---|
| Phase 1 Profit Target | 8% |
| Phase 2 Profit Target | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 8% |
| Leverage | 1:100 (Swing 1:30) |
| Minimum Trading Day Requirements | No Minimum Trading Days |
| Maximum Trading Day Period | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days |
| Profit Split | 80% Up To 90% |
Rapid Challenge Scaling Plan
Rapid Challenge accounts have a scaling plan with a profit target of 10% in a single profit split period. By meeting the 10% profit target, The Funded Trader will increase your initial account balance by 10%.
| Account Size | Profit Target | New Account Size |
|---|---|---|
| $200,000 | 10% or More | $220,000 |
| $220,000 | 10% or More | $240,000 |
| $240,000 | 10% or More | $260,000 |
| $260,000 | 10% or More | $280,000 |
Royal Challenge
| Account Sizes | One-time Fee |
|---|---|
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
| Trading Parameters | Parameter Values |
|---|---|
| Phase 1 Profit Target | 8% |
| Phase 2 Profit Target | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Leverage | 1:100 |
| Minimum Trading Day Requirements | 5 Calendar Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 80% Up To 90% |
Royal Challenge Scaling Plan
Royal Challenge accounts have a consistency-based scaling plan. This means that you are required to reach a profit of 6% or more within a three-month period. Out of the three months, two have to be positive. By meeting all the objectives, The Funded Trader will increase your initial account balance by 25%.
Knight Challenge
| Account Sizes | One-time Fee |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| Trading Parameters | Parameter Values |
|---|---|
| Profit Target | 10% |
| Daily Drawdown | 3% |
| Maximum Trailing Drawdown | 6% |
| Leverage | 1:30 |
| Minimum Trading Day Requirements | No Minimum Trading Days |
| Maximum Trading Day Period | No Time Limitations |
| Profit Split | 80% Up To 90% |
Knight Challenge Scaling Plan
Knight Challenge accounts have a consistency-based scaling plan. This means that you are required to reach a target of 6% or more within a three-month period. Out of the three months, two have to be positive. By meeting all the objectives, The Funded Trader will increase your initial account balance by 25%.
Dragon Challenge
| Account Sizes | One-time Fee |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
| $200,000 | $495 |
| Trading Parameters | Parameter Values |
|---|---|
| Phase 1 Profit Target | 8% |
| Phase 2 Profit Target | 5% |
| Phase 3 Profit Target | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Leverage | 1:100 (Swing 1:30) |
| Minimum Trading Day Requirements | No Minimum Trading Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations Phase 3: No Time Limitations |
| Profit Split | 75% Up To 95% |
Dragon Challenge Scaling Plan
Dragon Challenge accounts have a consistency-based scaling plan.
The Funded Trader Two-step Comparison
Two-step Comparison of The Funded Trader & E8 Funding (Normal)
| Trading Parameters | Standard Challenge | Rapid Challenge | Royal Challenge | E8 Funding (Normal) |
|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% (6% Addon) | 5% | 5% | 5% |
| Maximum Drawdown | 10% (12% Addon) | 8% | 10% | 8% (Scaleable To 14%) |
| Leverage | 1:100 (Swing 1:30) | 1:100 (Swing 1:30) | 1:100 | 1:100 |
| Minimum Trading Day Requirements | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% | 80% |
Two-step Comparison of The Funded Trader & FundedNext (Stellar)
| Trading Parameters | Standard Challenge | Rapid Challenge | Royal Challenge | FundedNext (Stellar) |
|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% (6% Addon) | 5% | 5% | 5% |
| Maximum Drawdown | 10% (12% Addon) | 8% | 10% | 10% |
| Leverage | 1:100 (Swing 1:30) | 1:100 (Swing 1:30) | 1:100 | 1:100 |
| Minimum Trading Day Requirements | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% | 80% Up To 90% |
Community Trustpilot Feedback
The Funded Trader has an excellent rating on Trustpilot, where we can find numerous comments from their community. They have over 15,500 comments with an excellent rating of 4.4/5, where they are rated as five stars by 82% of all the individuals.
Conclusion
To conclude the review, we can clearly see that The Funded Trader is a reputable proprietary trading firm with various attractive features. They provide traders with the flexibility to choose between the following five funding programs: Standard, Rapid, Royal, Knight, and Dragon Challenges. When it comes to community feedback, they have an excellent Trustpilot rating of 4.4/5. After going through everything The Funded Trader has to offer, they can be considered a very attractive option within the proprietary trading firm industry.
The Funded Trader Review Details
