Company Background: The Funded Trader was founded in June 2021 and has rapidly grown, offering a community-driven approach with resources like trade copiers and Trade Manager EAs. They have won several awards, including the Stevie Silver trophy and Corporate Excellence Award in 2023.
Year Established: Since June 2021
Head Office Location: United States
Prohibited Countries: Not specified, typically excludes OFAC sanctioned countries
Associated Brokers: Not specified
Evaluation Description: Traders start by paying a challenge fee and must meet specific profit targets within set risk parameters. Successful traders receive funded accounts.
Funded Trader Benefits: Funded accounts, up to 95% profit split during promotions, access to trade copiers, and EAs
Profit Split: Up to 90%, 95% during promotions
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 5%
Max Total Loss: 10%
Profit Target: 8%
Challenge Fee (USD): Starts at $65 for a $5,000 account
Fee Refundable: Yes, upon passing the challenge
News Trading Allowed: Yes
EAs Allowed: Yes
Copy Trading Allowed: Yes
Describe Scaling Plan: Funded accounts can scale based on consistent performance.
Scaling Plan Requirements:
Min Months Prior to Scaling: Minimum number of months in a scaling cycle: Typically every 3 months
Total Minimum Profit Percentage Achieved: Not specified
Positive Account Balance Required: Yes
Increased Profit Split: Potentially, depending on performance
Max Account Value: Up to $1,500,000
Trading Platforms Used: MetaTrader 4, MetaTrader 5
Tools & Services Provided by the Prop Firm: Trade copiers, Trade Manager EA, community support, monthly competitions, educational resources
Prop Firm Trading Educational Material Provided: N/A
Testimonials:
Trustpilot Rating: 3.3
Number of Trustpilot Reviews: Over 10,000
Prop Firm Social Presence: Instagram: 44.7K followers, YouTube: 30.4K subscribers, Facebook: 5.3K followers
Online Opinion of Prop Firm: The Funded Trader is a trustworthy prop firm with positive reviews, a community-driven approach, and multiple accolades.