Funding Traders Prop Firm Review – In an ever-growing landscape of proprietary trading firms, Funding Traders Prop Firm quickly managed to make a name for itself by enabling traders with access to large capital in flexible trading conditions. Funding Traders will give you the route to success with the help of funded accounts and evaluation programs, be it an experienced trader wanting to scale up the trading operations or a newcomer wanting to prove his worth. This review covers key highlights, along with the pros and cons, to help you decide if this prop firm is the right fit for your trading goals.
Features of Funding Traders Prop Firm
Variably Structured Accounts
The Funding Traders has up to four different account variants, each one set up for a specific kind of trader and level of risk taken in. Whether forex, futures-even both combined-there is an account for every investor. Especially their VIP accounts boasting large starting capital and bringing in good profits.
Profit Sharing
The profit split for traders starts at 50% but goes as high as 80% for forex and 70% on futures. Thus, a good and better performance in this case only means more earnings as one goes up the trading ladder.
Industry-Leading Trading Platforms
The Funding Traders supports industry-leading platforms such as MetaTrader 4 and 5, ensuring that traders have access to a reliable and feature-rich environment for executing their strategies. The platforms will support the following range of trading styles: from scalping to automated trading.
Comprehensive Challenges and Scaling Plan
The structured challenges it provides help the trader enhance his skill while working towards actual funding. More impressively, though, is the scaling plan it offers, whereby a trader is enabled to scale accounts up considerably as he hits targets.
Learning and Certification Opportunities
It offers opportunities to grow trading professionals at The Funding Traders in partnership with the firm for offering financial advice, even producing trading signals. They also support traders in obtaining official certifications that enhance their professional credentials.
Pros of Funding Traders Prop Firm
- Great community of traders: Funded Trader has a Discord channel with over 85,000+ members, which is just awesome for trading ideas, learning new ways to trade, finding out about the rules, and generally supporting one another.
- Great pricing: Even without their frequent discounts, the prices at Funded Trader are in general 20% or more cheaper than the more established FTMO.
- Lax trading rules: The Funded Trader does not ban any trading strategies other than those that would exploit the demo mode environment.
- Industry-best profit splits: By default, 80% profit split scaling up to 90%, but frequent promotions allow traders to start at 90%.
- Few minimum trading days: A standard account has only three minimum trading days or you can choose a Rapid account or Knight account with no minimum days of trading in the minimum.
- Fully refundable fees: Pass a two-stage evaluation and you will get your sign-up fee back.
- One-step evaluation: The Knight Challenge offers one-step evaluation and no minimum days of trading.
Cons of Funded Trader Prop Firm
- CFTC: Many in the trading space expect the Funded Trader to be the next target of regulators. Its home base is in the US, while offering a business model similar to that of My Forex Funds, which had been closed by the CFTC.
- Funded accounts remain in demo mode: Your percentage of the profits will be very real, but you’ll never be in the real market. Of course, that’s what My Forex Funds was doing.
- Payouts: Although this is really now minor, the Funded Trader, like many other prop firms, was also left blindsided by Deel’s sudden refusal to work with the firms. The good news, though, is that the Funded Trader has since apparently cleared their payout backlogs, but at some point in time, the processing really slowed down.
- Drawdowns: Funded Trader has reduced the maximum daily drawdown to 5% and the maximum total drawdown to 10% on their standard account.
- Overwhelmed support staff: The Funded Trader has been growing so fast they sometimes can’t keep up answering trader queries.
- Size: According to the CEO Angelo Ciaramello, the Funded Trader is boasting, at the end of October, more than $700 million in “simulated funding accounts.” That scares me for a number of reasons.
Payout
Traders should expect to receive their payments within 7 days after completing their first live deal. They offer a return bonus in addition to payments, which serves as an extra incentive for successful traders.
Funding Traders Prop Firm: Account Types and Funding Programs
Funding Traders Prop Firm is an excellent choice to provide traders with these account types for different levels of experience and funding that a trader may need. This provides options for traders to decide how they want to access capital-either through evaluation or instant access. Here are the account types and funding programs provided at Funding Traders Prop Firm:
Evaluation Accounts
The Evaluation Program is designed for traders looking to prove their skills before getting access to a fully funded account. Traders will be expected to hit prescribed profit targets with strict adherence to risk management rules, things like drawdown limits. This usually consists of two stages:
Phase 1: Hit a predesignated profit target, for example, 8-10%, but never exceed the maximum drawdown.
Phase 2: Prove consistent profitability with usually a more conservative profit objective of around 5% and good risk management.
Traders who actually make it through the grueling assessment are later offered a proprietary account with profit shares that range from 70% to 90%.
Instant Funding Accounts
Funding Traders offers an instant funding option, where traders who are more experienced skip the evaluation process. Traders can start trading live capital immediately, without needing to pass any challenge or evaluation. While the upfront cost of instant funding is much higher, the trader has much faster access to capital that they could use to generate profits on day one of trading.
The instant funding accounts are available with varying levels of capital. Traders can pick any funding size that suits their best-suited trading strategies. Competitively, the profit split starts at around 70% and often increases when traders are scaling accounts bigger.
Scaling Plans
Probably the major differentiator for Funding Traders Prop Firm is their scaling plan, which allows successful traders to increase the size of their funded accounts over time in graduated steps. As long as traders meet performance metrics, including low drawdown and profit milestones, they qualify for capital increases. This program suits traders aiming to grow their accounts and trade larger capital as their performance improves.
Multiple Account Options
Funding Traders Prop Firm allows traders to have the option to operate more than one account simultaneously. This is beneficial for traders who would want to diversify their strategy or hedge in different accounts. By maintaining multiple funded accounts, one trader can create the highest possible earnings while minimizing risks.
Frequently Asked Questions (FAQs)
What is Funding Traders?
Funding Traders was established in 2023 to find and nurture traders with consistently profitable returns. With offices at the financial centers of Miami, Dubai, and the United Kingdom, they are well-established into the major financial markets globally. The primary function of the Prop Trading Firm is to nurture potential trading talent. They selectively onboard traders of immense potential and groom them with a vast range of resources and funding. In this way, they’ll be able to sharpen their talents to become the best in their fields and achieve all their financial goals. The funding dealers believe in the derivative that quality is more important than quantity. Their efforts believe in selectivity.
How does the Funded Trader work?
The Funded Trader works like most prop trading firms. You pay for some form of evaluation process that’s designed to find consistently profitable forex traders. Once you’ve completed the evaluation and hit profit targets while staying within the trading parameters, the Funded Trader gives simulated capital equivalent to the account size signed up for. This capital you can trade and keep 80%–90% of any profits you make. The Funded Trader covers losses, but if you lose too much, your account will be closed, and you’ll need to redo the evaluation.
What trading platforms does Funder Trader use?
MetaTrader 4, MetaTrader 5
Is Funding Traders a good prop firm?
Funding Traders scam is possible as the firm is super young and has no FPA reviews. The lack of experience and reviews is a red flag, requiring traders to be extra cautious with new prop firms.
