The Funded Trader Review - Pros, Cons and Ratings (2024)

In the world of online trading, aspiring traders often seek opportunities to hone their skills and potentially earn substantial profits. The Funded Trader is a platform that claims to provide traders with the chance to unlock significant virtual funds while demonstrating their trading abilities. In this comprehensive review, we will delve into the various aspects of The Funded Trader, including its evaluation process, challenge types, payout system, and overall value proposition.

Introduction: The Funded Trader’s Value Proposition

The Funded Trader, as described on their website, offers an intriguing proposition to traders looking to gain experience and potentially earn virtual profits. With promises of unlocking up to $600,000 in demo accounts and a scaling plan that could reach $1.5 million in virtual funds, it’s clear that The Funded Trader aims to attract traders of various skill levels.

The Funded Trader Evaluation Process: A Two-Phase Journey to Becoming a Funded Trader

1. The Challenge – Phase 1

   The journey to becoming a funded trader on The Funded Trader platform begins with Phase 1 – The Challenge. This phase involves traders aiming to achieve a virtual profit target while adhering to the platform’s rules and guidelines. During Phase 1, traders are required to execute simulated trades within a demo environment designed to closely resemble real market conditions, including latency and static slippage adjustments based on trade size.

   Successfully completing Phase 1 objectives grants traders access to Phase 2, where they continue their path to becoming a funded trader.

2. Verification – Phase 2

   Phase 2 serves as a validation process for traders. Similar to Phase 1, traders must meet a virtual profit target while complying with the platform’s rules. They execute simulated trades within a demo environment mirroring real market conditions, including latency and slippage adjustments.

   Upon successfully completing Phase 2, the trader’s results are verified, and they move closer to achieving the status of a funded trader.

3. The Funded Trader

   Once a trader has successfully navigated through the evaluation process, they officially become a funded trader. At this stage, traders must continue to exhibit sound risk management and consistency in their trading activities. In return, they are entitled to a virtual profit split of up to 90%.

   It’s important to note that a funded trader’s simulated performance is evaluated every three months. If deemed eligible, traders can scale up to an impressive $1.5 million in virtual account balance. However, The Funded Trader cautions that strategies that were successful in the Challenge and Verification phases may not necessarily be profitable in the Funded phase due to the platform’s commitment to simulating real market conditions.

The Funded Trader Challenge Types: Tailoring the Experience

The Funded Trader offers various challenge types to cater to the diverse needs and preferences of traders:

• Standard Challenge
• Rapid Challenge
• Royal Challenge
• Knight Challenge

Both the Standard and Rapid Challenge options include swing and regular accounts. The specific details of the challenge rules are seen in the attached photos below, as obtained from The Funded Trader’s website.

Standard Challenge

Rapid Challenge

Royal Challenge

Knight Challenge

The Funded Trader Payout System: Incentives for Success

The Funded Trader operates with a default payout ratio of 80% for all funded trader accounts. However, traders have the opportunity to become eligible for the Scaling Plan, which offers increased virtual balances of up to 25%. This upgrade also comes with enhanced simulated virtual profit splits, increasing from 80% to 90%.

In addition to the Scaling Plan, traders can aspire to qualify for The Funded Trader’s King’s Program. This program offers instant payouts and anytime withdrawals, providing an added layer of flexibility and convenience for successful traders.

The Funded Trader also places a strong emphasis on ensuring quick and efficient payouts for its traders. Payout requests can be made through the Trade Hub, and the platform offers a variety of payout options, including Bank Transfer, Deel Card, Coinbase, Paypal, Payoneer, Revolut, Wise, and more. With a commitment to delivering payouts within 24 hours, The Funded Trader prioritizes the financial satisfaction of its traders.

The Funded Trader Market Simulation and Risk Factors

It’s essential for traders considering The Funded Trader to understand the nature of market simulation on the platform. The website mentions that during trading on a funded account, the real market is simulated as closely as possible using real order book quotes aggregated from various liquidity providers. While this approach aims to mimic actual market conditions, it can result in increased slippage during times of high volatility.

This emphasis on replicating real market conditions is important, as it means that strategies that may have been successful during the Challenge and Verification phases, where the simulation may not have been as precise, might not yield the same results in the Funded phase.

Advantages of The Funded Trader

Now, let’s explore the advantages of participating in The Funded Trader program:

1. Risk Mitigation: The evaluation process, including the Challenge and Verification phases, helps traders develop and refine their strategies while minimizing real financial risk. This can be especially beneficial for novice traders looking to gain experience without risking their capital.
2. Flexible Challenge Types: The platform offers a range of challenge types, allowing traders to choose the one that best suits their trading style and objectives. Whether you’re a swing trader or prefer regular accounts, The Funded Trader has options for you.
3. Scaling Opportunities: The potential to scale up to $1.5 million in virtual funds is an attractive feature for traders who excel in the funded phase. It provides room for growth and increased earning potential.
4. Quick Payouts: The Funded Trader’s commitment to processing payouts within 24 hours ensures that traders can access their profits promptly, enhancing their overall trading experience.
5. Varied Payout Options: The availability of multiple payout options, including popular choices like Paypal and Coinbase, offers convenience and flexibility to traders when accessing their earnings.

Challenges and Considerations of The Funded Trader

While The Funded Trader offers promising opportunities, there are some challenges and considerations to keep in mind:

1. Market Simulation: The platform’s commitment to simulating real market conditions can result in increased slippage during periods of high volatility. Traders must adapt their strategies to account for these conditions.
2. Success in Challenge Doesn’t Guarantee Funded Profits: Traders should be aware that strategies that worked during the Challenge and Verification phases may not necessarily yield the same results in the Funded phase. This highlights the importance of continued adaptation and risk management.
3. Risk of Overconfidence: As the evaluation process carries no real financial risk, traders may develop overconfidence in their abilities. This could lead to challenges when transitioning to trading with actual funds.
4. Strict Adherence to Rules: To progress through the evaluation process, traders must adhere strictly to the platform’s rules and guidelines. Deviations could lead to disqualification.

The Funded Trader Coupon Codes & Discount

If you are interested in joining The Funded Trader, you might want to use some coupon codes to get discounts on their challenges and payouts. To use these codes, you need to enter them at the checkout page when you purchase a challenge from The Funded Trader. You can also subscribe to their email newsletter or follow their social media accounts to get updates on their latest promotions and deals. You can also Get 50% OFF on all The Funded Trader Challenges here.

Conclusion: The Funded Trader – A Platform for Aspiring Traders

In conclusion, The Funded Trader appears to be a promising platform for aspiring traders seeking to gain experience, earn virtual profits, and potentially scale their trading endeavors. Traders should carefully assess their own skills and risk tolerance before embarking on this journey, but for those who are prepared, The Funded Trader offers a compelling opportunity to thrive in the world of online trading.

With its structured evaluation process, flexible challenge types, and enticing payout system, The Funded Trader provides a supportive environment for traders to hone their skills and pursue their trading ambitions. However, it’s essential for traders to recognize the challenges and risk factors associated with market simulation and to approach the platform with a clear understanding of its unique features.

The Funded Trader’s commitment to facilitating quick and efficient payouts and its emphasis on risk management and consistency make it a platform worth considering for traders looking to take their trading journey to the next level. Ultimately, success on The Funded Trader depends on a trader’s ability to adapt, learn, and consistently perform in the ever-evolving world of online trading.

FAQ

What is The Funded Trader’s maximum drawdown?

The Funded Trader offers a maximum loss of 10%.

What is The Funded Trader’s profit target?

The Funded Trader offers a maximum profit target of 10%.

What are The Funded Trader’s minimum and maximum trading days?

The Funded Trader offers different challenges with varying requirements, ranging from 0 minimum trading days to unlimited maximum trading days.

What are The Funded Trader’s challenge fees?

The Funded Trader’s challenge fees range from $65 to $1,879 depending on the challenge type and account balance.

Does The Funded Trader offer a retry?

Based on the web search results, it seems like The Funded Trader does not offer a retry.

Does The Funded Trader offer a fee refund?

Yes, The Funded Trader offers a fee refund.

What is The Funded Trader’s profit split?

The Funded Trader offers up to 90% profit split.

Does The Funded Trader offer a scaling plan?

Yes, The Funded Trader offers a scaling plan.

Does The Funded Trader allow expert advisors?

The Funded Trader allows expert advisors on their Royal Challenge and Knight Challenge.

Does The Funded Trader offer a free trial?

Based on the web search results, it seems like The Funded Trader does not offer a free trial.

What is The Funded Trader’s minimum deposit?

Based on the web search results, it seems like The Funded Trader does not have a minimum deposit.

What are The Funded Trader’s brokers?

The Funded Trader uses ThinkMarkets, Purple Trading, and Eightcap.

What are The Funded Trader’s platforms?

The Funded Trader uses MT4 and MT5.

What is The Funded Trader’s leverage?

The Funded Trader offers leverage up to 1:200.

Is The Funded Trader legit?

The Funded Trader is a platform that claims to offer traders the opportunity to trade with funded accounts and earn profits from their performance. However, there are mixed reviews from different sources. Based on these reviews, The Funded Trader seems to have some advantages and disadvantages for traders who want to trade with funded accounts. However, it is important to do your own research and due diligence before joining any platform or service. You should also be aware of the risks and challenges involved in trading with leverage and real money.

The Funded Trader’s alternatives

If you are looking for alternatives to The Funded Trader, here are some options: FTMO, FundedNext, E8 Funding, BluFX, SurgeTrader, Fidelcrest, and so on.

It’s always a good idea to thoroughly research and compare different options before making a decision.