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 in providing traders worldwide with significant and inclusive access to the essential capital that has the potential to transform their lives and facilitate the realization of their dreams. Recognizing the inherent challenges and cutthroat nature of the trading sphere, their commitment lies in empowering traders, equipping them to fulfill their goals and achieve heightened financial gains. The guiding principle at The Funded Trader is that with appropriate backing, mindset, technological tools, and risk management, every individual has the capacity to excel as a prosperous trader. With a straightforward mission, The Funded Trader aims to emerge as the premier platform for talented traders across the globe.
Introduction of The Funded Trader
| Company Details | The Funded Trader |
|---|---|
| CEO | Angelo Ciaramello |
| Incorporation Date | May 2021 |
| Location | Liberty Hill, Texas |
| Maximum Account Size of Funding Programs | Standard Challenge: $400,000 Rapid Challenge: $200,000 Royal Challenge: $400,000 Knight Challenge: $200,000 Dragon Challenge: $200,000 |
Funding Programs
Standard Challenge
| Account Size | Account Price |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $939 |
| $300,000 | $1,469 |
| $400,000 | $1,879 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 10% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 5% (6% with Add on) |
| Maximum Drawdown | 10% (12% with Add on) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days |
| Profit Share | 80% up to 90% |
Rapid Challenge
| Account Size | Account Price |
|---|---|
| $5,000 | $79 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $899 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 8% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 8% |
| Max Trading Period | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days |
| Minimum Trading Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% |
Royal Challenge
| Account Size | Account Price |
|---|---|
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 8% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days |
| Profit Share | 80% up to 90% |
Knight Challenge
| Account Size | Account Price |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 10% |
| Daily Drawdown | 3% |
| Maximum Drawdown | 6% (Trailing) |
| Max Trading Period | Unlimited |
| Minimum Trading Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% |
Dragon Challenge
| Account Size | Account Price |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
| $200,000 | $495 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 8% |
| Profit Target (Phase 2) | 5% |
| Profit Target (Phase 3) | 5% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited Phase 3: Unlimited |
| Minimum Trading Days | No Minimum Trading Days |
| Profit Share | 75% up to 95% |
Comparison of Two-step Program
Comparison of The Funded Trader & Funding Pips
| Objectives | The Funded Trader (Standard) | The Funded Trader (Rapid) | The Funded Trader (Royal) | Funding Pips |
|---|---|---|---|---|
| Profit Target (Phase 1) | 10% | 8% | 8% | 8% |
| Profit Target (Phase 2) | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% (6% with Add on) | 5% | 5% | 5% (Can be scaled to 7%) |
| Maximum Drawdown | 10% (12% with Add on) | 8% | 10% | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% | 80% up to 90% | 80% up to 90% | 80% up to 90% |
Comparison of The Funded Trader & Smart Prop Trader
| Objectives | The Funded Trader (Standard) | The Funded Trader (Rapid) | The Funded Trader (Royal) | Smart Prop Trader |
|---|---|---|---|---|
| Profit Target (Phase 1) | 10% | 8% | 8% | 7% |
| Profit Target (Phase 2) | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% (6% with Add on) | 5% | 5% | 4% |
| Maximum Drawdown | 10% (12% with Add on) | 8% | 10% | 8% (Can be scaled to 28%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% up to 90% | 80% up to 90% | 80% up to 90% | 85% up to 90% |
Broker & Trading Platform
| Broker | Eightcap, Purple Trading Seychelles, ThinkMarkets |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Trading Instruments | Forex Pairs, Commodities, Indices, Crypto |
Conclusion
To draw a final conclusion, The Funded Trader is a reputable and trustworthy proprietary trading company that is managed by Angelo Ciaramello. They provide traders with an opportunity to choose between four unique funding programs. While working with them, you will be provided an account through Eightcap, Purple Trading Seychelles, or ThinkMarkets and trade on the MetaTrader 4 or MetaTrader 5 trading platform. As for trading instruments, you will be able to trade forex pairs, commodities, indices, and crypto. After considering everything that The Funded Trader brings to the table, we can consider them an excellent choice within the proprietary trading firm space.
The Funded Trader Review Details
