Scoring 65/100 during our testing, The Funded Trader has a mixed reputation in prop trading. Although it offers wide challenge types and scaling options up to $5 mill, the prop firms drawbacks are hard to look past. Customer service lacks 24/7 availability with often delayed response times.
TFT Summary
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The Funded TraderProp Firm Details
One Phase Evaluation
Two Phase Evaluation
Instant Funding
Up to $5m Scaling Plan
Fees From$49
Account Sizes5K -200K
Min Forex SpreadNA
Commission Fee$4
Max Daily Loss3% - 10%
Profit Targets4% - 10%
Profit Share75% – 95%
Trading Platforms
Consistency Rules
Compulsory Stop Loss
High Impact News Trading 2 min window
Expert Advisors / Automated Trading
FOREX
INDICES
COMMODITIES
CRYPTO
SHARES
COUPON CODES
NOPROFITCAP92, ANYTIMEPAYOUT50
Dragon 100K
Our Rating7/10
Funding$100,000
Fee$355
Dragon 50K
Our Rating6.9/10
Funding$50,000
Fee$205
The Funded Trader is a proprietary trading firm (aka prop firm) that presents a wide array of challenges, offering flexibility in account sizes and customisation options with add ons. However, the prop firm’s average score of 65/100 is because of several limitations, including a 1-3 day wait for customer support responses and a low Trustpilot score of 3.3 stars.
High commission fees and confusing challenge types also detract from the overall experience, especially if you prioritise clear costs and straightforward processes. While the variety of challenges might appeal to experienced traders, others may find these drawbacks affect the prop trading firms usability and appeal.
The Funded Trader offers a variety of challenges featuring one-step, two-step, and three-step evaluations, with add-ons available to customise payout frequency, enable automated trading, and adjust risk parameters.
Navigating these options can feel overwhelming on The Funded Traders website, especially given the varying features, drawdown limits, and profit targets for each challenge type. Without a clear overview, comparing these options directly can be difficult.
Our table below cuts through the complexity by summarising key features and add-on options for each challenge.
By outlining fees, account parameters, and flexibility choices side-by-side, this breakdown aims to help prop traders more easily identify the best fit for their strategy.
| Challenge | Evaluation Phases | Account Sizes | Fees | Optional Add-Ons | Fees with Add-Ons | Drawdown Limits | Profit Target | Profit Payout | First Payout |
|---|---|---|---|---|---|---|---|---|---|
| Knight | 1 Step | 5K - 200K | $59 - $939 | 4% Daily & 7% Max Drawdown Add-On | $69 - $1,129 | 3% Daily / 6% Max | 10% of Account Size | 80% - 95% | 7 Days |
| Knight Pro | 1 Step | 5K - 200K | $65 - $945 | None | $65 - $945 | 5% Daily / 8% Max | 10% of Account Size | 80% - 95% | Anytime |
| Royal | 2 Step | 5K - 200K | $60 - $1,158 | 14-Day Withdrawal Add-On | $72 - $1,390 | 5% Daily / 10% Max | 8% Phase 1, 5% Phase 2 | 75% - 92.75% | 30 Days |
| Royal Pro | 2 Step | 25K - 200K | $239 - $1,890 | 85% or 95% Payout Add-On | $275 - $2,363 | 5% Daily / 10% Max | 8% | 75% - 95% | 3 Days |
| Dragon | 3 Step | 5K - 100K | $49 - $355 | 95% Payout Add-On | $59 - $426 | 5% Daily / 10% Max | 8% Phase 1, 5% Phase 2, 4% Phase 3 | 75% - 95% | 7 Days |
When we tested the Knight Challenge, we found its one-step evaluation process relatively straightforward for traders focused on simplicity. The low daily drawdown of 3% (or 4% with the add-on) is helpful for more conservative traders.
This challenge would suit traders looking for simplicity but might not meet the needs of those requiring customisation or broader risk management options.
| Account Size | One Off Challenge Fee | One Off Challenge Fee with 4% Daily Drawdown & 7% Max Drawdown Add On | Daily Drawdown (3%) | Max Drawdown (6%) | Daily Drawdown with Add-On (4%) | Max Drawdown with Add-On (7%) | Profit Target | Profit Payout | First Payout |
|---|---|---|---|---|---|---|---|---|---|
| 5,000 | $59 | $69 | $150 | $300 | $200 | $350 | $500 | 80% / 95% | 7 Days |
| 10,000 | $99 | $119 | $300 | $600 | $400 | $700 | $1,000 | 80% / 95% | 7 Days |
| 25,000 | $189 | $229 | $750 | $1,500 | $1,000 | $1,750 | $2,500 | 80% / 95% | 7 Days |
| 50,000 | $289 | $349 | $1,500 | $3,000 | $2,000 | $3,500 | $5,000 | 80% / 95% | 7 Days |
| 100,000 | $489 | $589 | $3,000 | $6,000 | $4,000 | $7,000 | $10,000 | 80% / 95% | 7 Days |
| 200,000 | $939 | $1,129 | $6,000 | $12,000 | $8,000 | $14,000 | $20,000 | 80% / 95% | 7 Days |
The Knight Pro Challenge provides a one-step process with higher drawdown limits (5% daily, 8% max) and flexible payout timing. We found that the unrestricted payout schedule to be a win if you are focused on quick liquidity.
However, with no add-on options, there’s limited flexibility to adjust the challenge parameters, potentially limiting its appeal for those wanting more customisation options.
| Account Size | One Off Challenge Fee | Daily Drawdown (5%) | Max Drawdown (8%) | Profit Target | Profit Payout | First Payout |
|---|---|---|---|---|---|---|
| 5,000 | $65 | $250 | $400 | $500 | 80% / 95% | Anytime |
| 10,000 | $105 | $500 | $800 | $1,000 | 80% / 95% | Anytime |
| 25,000 | $195 | $1,250 | $2,000 | $2,500 | 80% / 95% | Anytime |
| 50,000 | $295 | $2,500 | $4,000 | $5,000 | 80% / 95% | Anytime |
| 100,000 | $495 | $5,000 | $8,000 | $10,000 | 80% / 95% | Anytime |
| 200,000 | $945 | $10,000 | $16,000 | $20,000 | 80% / 95% | Anytime |
The Royal Challenge’s two-step evaluation offers generous drawdowns (5% daily, 10% max) and a longer payout period of 30 days, which could be restrictive for those who prefer quicker access to earnings.
The optional 14-day withdrawal add-on is a plus, but the firm’s fee structure and profit split are slightly lower than other options we reviewed. Overall, the Royal Challenge appears best suited for traders who are comfortable with a more structured payout timeline.
| Account Size | One Off Challenge Fee | One Off Challenge Fee with 14 Day Withdrawal Add-On | Daily Drawdown (5%) | Max Drawdown (10%) | Profit Target | Profit Payout | First Payout |
|---|---|---|---|---|---|---|---|
| 5,000 | $60 | $72 | $250 | $500 | $500 | 75% / 92.75% | 30 Days |
| 10,000 | $120 | $144 | $500 | $1,000 | $1,000 | 75% / 92.75% | 30 Days |
| 25,000 | $189 | $227 | $1,250 | $2,500 | $2,500 | 75% / 92.75% | 30 Days |
| 50,000 | $289 | $345 | $2,500 | $5,000 | $5,000 | 75% / 92.75% | 30 Days |
| 100,000 | $489 | $585 | $5,000 | $10,000 | $10,000 | 75% / 92.75% | 30 Days |
| 200,000 | $1,158 | $1,390 | $10,000 | $20,000 | $20,000 | 75% / 92.75% | 30 Days |
The Royal Pro Challenge is designed for traders who want faster payouts and a higher earning potential. It uses a two-step evaluation process, where you’ll need to meet an 8% profit target without exceeding the drawdowns—5% daily and 10% overall. This structure balances achievable goals with strict risk management, appealing to traders looking for a challenge that rewards discipline.
A popular feature is the payout frequency. Unlike most challenges with longer waiting periods, the Royal Pro allows you to request your first payout just three days after completing the evaluation. Optional add-ons, like increasing the payout split to 95%, can make the challenge even more rewarding for traders who perform consistently well.
| Account Size | One Off Challenge Fee | One Off Fee with 85% Payout Add-On | One Off Fee with 95% Payout Add-On | Daily Drawdown (5%) | Max Drawdown (10%) | Profit Target (8%) | Profit Payout | First Payout |
|---|---|---|---|---|---|---|---|---|
| 25,000 | $239 | $275 | $299 | $1,250 | $2,500 | $2,000 | 75% / 95% | 3 Days |
| 50,000 | $470 | $541 | $588 | $2,500 | $5,000 | $4,000 | 75% / 95% | 3 Days |
| 100,000 | $949 | $1,092 | $1,187 | $5,000 | $10,000 | $8,000 | 75% / 95% | 3 Days |
| 200,000 | $1,890 | $2,174 | $2,363 | $10,000 | $20,000 | $16,000 | 75% / 95% | 3 Days |
The Dragon Challenge is a three-step evaluation, which we found to be more intensive but suitable if you are looking for a more intense testing process. The profit split add-on option is appealing, but with its three-stage evaluation, this challenge could be restrictive for those preferring faster funding.
The three-step process is comprehensive, making it ideal for experienced traders but potentially overwhelming if you are a beginner.
| Account Size | One Off Challenge Fee | One Off Challenge Fee with 95% Payout Add-On | Daily Drawdown (5%) | Maximum Drawdown (10%) | Profit Target | Profit Payout | First Payout |
|---|---|---|---|---|---|---|---|
| 5,000 | $49.00 | $59 | $250 | $500 | $400 | 75% / 95% | 7 Days |
| 10,000 | $99.00 | $119 | $500 | $1,000 | $800 | 75% / 95% | 7 Days |
| 25,000 | $135.00 | $162 | $1,250 | $2,500 | $2,000 | 75% / 95% | 7 Days |
| 50,000 | $205.00 | $246 | $2,500 | $5,000 | $4,000 | 75% / 95% | 7 Days |
| 100,000 | $355.00 | $426 | $5,000 | $10,000 | $8,000 | 75% / 95% | 7 Days |
The Funded Trader offers scaling opportunities that increase account balances for traders who consistently achieve profits, enhancing both account size and profit splits. Here’s an overview:
| Challenge Type | Initial Balance | New Balance After Scaling Event | Maximum Balance |
|---|---|---|---|
| Standard, Rapid, Royal, Knight, Dragon | $100,000 | $125,000 | $1.5M |
| Knight Pro | $100,000 | $125,000 | $2.5M per account, up to $5M total |
For most challenge types, the maximum funded account balance achievable through scaling is capped at $1.5 million. However, the Knight Pro Challenge allows you to scale up to $2.5 million on individual accounts, with a total cap of $5 million when combined across multiple accounts.
The ability to scale up to this amount is not common, and I’ve found during testing only FTMO’s scaling plan compares. For more info, read our full FTMO review.
The Funded Trader has set clear guidelines to standardise trading across its challenges, covering crucial rules on news trading, EA (Expert Advisor) usage, and inactivity. These rules vary based on the challenge type, so it’s essential to know the specifics before selecting a challenge.
The Funded Trader’s minimum trading days vary across account types, with some challenges, like the Rapid and Knight Challenges, having no minimum trading days, allowing traders to complete phases quickly if they meet profit targets. Other challenges, such as the Royal Challenge, require a longer trading period to help verify trading consistency.
In terms of time limits, TFT doesn’t enforce a maximum number of days to complete the challenges within.
| Challenge Type | Minimum Trading Days | Phase 1 to Phase 2 Transition Time | Phase 2 to Phase 3 Transition Time |
|---|---|---|---|
| Standard Challenge | 3 days | 12 hours | N/A |
| Rapid Challenge | 0 days | 6 hours | N/A |
| Royal Challenge | 5 days | 12 hours | N/A |
| Knight Challenge | 0 days | N/A | N/A |
| Dragon Challenge | 0 days | 6 hours | 6 hours |
| Knight Pro Challenge | 0 days | N/A | N/A |
Verdict on Challenges and Evaluation Process
The Funded Trader’s challenge lineup has options for different trader types, with choices across one-step, two-step, and three-step evaluations. The variety is useful but can be tricky to compare on their site, especially with differences in drawdown limits, payout frequencies, and available add-ons.
Each challenge has a specific fit, from quicker, single-step processes for straightforward goals to three-step options that require more in-depth evaluation. Our table below cuts through the clutter to help you pick a challenge that best aligns with your trading style and goals.
We found it hard to pinpoint information on spreads, as The Funded Trader doesn’t publish details on spread costs. This lack of transparency might make it challenging for traders to gauge trading costs accurately.
Additionally, The Funded Trader charges a high commission fee of $4 per lot which is high compared to other prop firms.
Forex Spreads
We found The Funded Trader does not publish information on spread costs, leaving traders without insight into the competitiveness of its spread structure.
Unlike other prop firms such as DNA Funded and IC Funded, which often provide specific spread information, this lack of detail from The Funded Trader may be a limitation for traders who need clarity on their trading expenses.
In practice, spreads can fluctuate based on market volatility, platform, and the specific asset, but without transparency, traders face a challenge in estimating their total trading costs upfront.
Commission Fees
The Funded Trader charges commission fees of $4 per lot on forex and $1 per lot on metals, while indices, crypto, and oil have no commission fees.
These fees are relatively high compared to some other prop firms like DNA Funded and IC Funded, which often charge lower rates or offer commission-free trading on certain instruments.
Verdict on Spreads and Commissions
The Funded Trader’s lack of transparency on spread costs may make it challenging for traders to fully assess potential expenses, which can be a drawback for those focused on cost control.
Additionally, with a forex commission fee of $4 per lot—higher than other firms like DNA Funded and IC Funded—this structure may impact profitability, especially for traders with high-volume strategies who prefer to minimise costs.
With over 50 trading instruments across forex, indices, commodities, and crypto, and a maximum leverage of 1:200 for forex, The Funded Trader offers a solid range of products for prop trading challenges.
One thing I found interesting is how their leverage is tailored differently for each challenge and asset class, creating a structure that supports both aggressive trading strategies and controlled risk management, especially when traders move into funded accounts.
Financial Markets
I found The Funded Trader’s variety of instruments with crypto trading available useful if you are looking to diversify away from just forex markets.
Leverage
One thing I found interesting about The Funded Trader’s leverage setup is how they’ve tailored it to different challenges and asset classes. It’s clearly designed with risk management in mind, which is good to see in a prop trading environment.
| Challenge Type | Phase | Forex | Commodities | Indices | Crypto |
|---|---|---|---|---|---|
| Standard Challenge | Challenge | 1:200 | 1:30 | 1:20 | 1:2 |
| Funded | 1:100 | 1:30 | 1:20 | 1:1 | |
| Rapid Challenge | Challenge | 1:100 | 1:30 | 1:20 | 1:2 |
| Funded | 1:100 | 1:30 | 1:20 | 1:1 | |
| Royal Challenge | Challenge | 1:50 | 1:15 | 1:10 | 1:1 |
| Funded | 1:50 | 1:15 | 1:10 | 1:1 | |
| Knight Challenge | Challenge | 1:30 | 1:10 | 1:5 | 1:1 |
| Funded | 1:30 | 1:10 | 1:5 | 1:1 | |
| Dragon Challenge | Challenge | 1:100 | 1:30 | 1:20 | 1:2 |
| Funded | 1:100 | 1:30 | 1:20 | 1:1 | |
| Knight Pro Challenge | Challenge | 1:30 | 1:10 | 1:5 | 1:1 |
| Funded | 1:30 | 1:10 | 1:5 | 1:1 | |
| Competitions | 1:50 | 1:15 | 1:10 | 1:1 |
Verdict on Markets and Leverage
During testing we established the prop firm offers 50 instruments and a maximum leverage of 1:200 for forex, meaning you gain access to a decent range of products and flexible leverage options.
The tiered leverage approach across different challenges and asset classes supports varied trading strategies while promoting risk management, especially as traders progress to funded accounts.
The Funded Trader offers four main trading platforms—MetaTrader 5, cTrader, DXtrade, Match-Trader—each tailored to specific account types and geographic restrictions.
Available internationally through Thaurus LTD, Platform 5, aka MetaTrader 5 (MT5), provides an extensive charting suite, including advanced technical indicators and analysis tools.
With a focus on accessible trading tools, it’s suited to traders who value a balance between functionality and simplicity.
cTrader is available through Voyage Markets for international traders outside of the United States.
Known for its advanced charting tools, cTrader offers multi-timeframe analysis, extensive technical indicators, and customisable layouts.
This platform is ideal for traders looking for in-depth analytical tools and a responsive interface.
Match-Trader is globally available and designed with user-friendly functionality in mind.
It includes basic charting tools, order types, and essential market analysis tools, making it suitable for traders who prefer a streamlined trading experience without complex customisation.
DXtrade, available to U.S. clients via Voyage Markets, offers a straightforward layout and core trading tools, including multi-chart displays, basic technical indicators, and simplified order execution.
However, during testing, we encountered frequent connectivity issues, affecting platform stability and reliability.
These connectivity interruptions could impact trade execution and might be a drawback for traders who rely on consistent platform performance.
Verdict on Trading Platforms
The Funded Trader’s platform options, including cTrader, DXtrade, Match-Trader, and Platform 5, offer a versatile selection across different regions and trading needs.
While the range of tools is comprehensive, the absence of MetaTrader 4 could be a consideration if you prefer the popular platform.
The Funded Trader supports a range of payment options for challenge fees, including credit/debit cards, Google Pay, major cryptocurrencies (BTC, ETH, USDT), and e-wallets like Astropay, Skrill, and Neteller. For payouts, they primarily use Rise (Riseworks), which allows for bank transfers, crypto withdrawals, and local currency payouts after verification.
For paying challenge fees, you can choose from credit cards or crypto payments:
Once you complete a challenge successfully, The Funded Trader provides flexible payout options, though the frequency and minimum amounts vary based on the account type and any add-ons selected.
Different account types and add-ons can shorten the number of days before your first payout, allowing some traders to withdraw as soon as 7 days after their payout cycle begins, depending on their challenge and add-ons.
Verdict on Payments and Payouts
The Funded Trader offers solid flexibility in both challenge fee payments and payout options. With multiple ways to pay fees, including major cryptocurrencies and e-wallets, you have convenient choices.
Payouts through Rise offer a structured process, and for if you need faster or crypto-specific options, add-ons and alternative methods are available, though they require KYC verification.
The Funded Trader’s customer support and educational resources are fairly limited, especially compared to competitors that provide more robust service and training options.
While their YouTube channel has a strong following, support availability and educational depth could be improved.
Customer Support
The Funded Trader lacks 24/7 support, with live chat responses taking 1–3 days, even mid-week, which may be a concern for users needing quicker assistance. They do not heavily promote customer service options, and minimal contact details are offered beyond email and a Discord community.
Educational Resources
Their YouTube channel is the primary educational resource, with over 103,000 subscribers and a mix of webinars and trading advice videos.
While the channel covers various topics, The Funded Trader does not provide a structured educational portal or dedicated learning materials on its site outside of social media and podcasts.
Verdict on Customer Service and Education
The Funded Trader has an active YouTube presence, but its limited support options and sparse educational resources make it less competitive in this area. Traders requiring hands-on support or extensive educational content might find the current offerings insufficient.
The Funded Trader has a mixed reputation in the trading community with a low Trustpilot score of 3.3 out of 5, with bad reviews surrounding payout delays, account breaches, and lack of transparency.
Unlike firms like IC Funded or DNA Funded, which are directly associated with well-known forex brokers, The Funded Trader operates independently, which may impact its perceived credibility among some traders.
The low Trustpilot score of 3.3 out of 5 stars from over 21,000 reviews reflects a blend of both positive and negative feedback. While good reviews praise the platform’s support team, active promotions, and ease of use, critical reviews frequently mention payout delays, inconsistent account rules, and communication issues.
Many users express frustration over changing policies without notice, which they feel negatively impacts their trading experience.
The Funded Trader’s Discord community has over 110,200 members with over 3,300 funded traders, and 2,700+ are in active challenges.
The Discord server is a hub for announcements, payout proofs, support, and engagement, providing a solid base for traders to connect, share insights, and access resources like promo codes and giveaways.
The Funded Trader has a significant following across platforms:
While active on social media, the quality of engagement varies, with users frequently pointing out issues related to payout delays and account support.
Verdict on Trust
The Funded Trader’s trustworthiness is mixed. While it has a large community and strong social presence, lower ratings and frequent mentions of delayed payouts and sudden rule changes suggest areas for improvement.
If transparency and fast payouts are top priorities, you may want to look at alternative prop firms which are connected to regulated brokers and higher TrustPilot scores.
The Funded Trader averages around 40,500 branded Google searches each month, placing it 13th in global search popularity among prop trading firms. This indicates strong user interest and brand recognition, especially among retail traders focused on forex and crypto markets.
According to Similarweb data from March 2025, The Funded Trader ranks 14th in global web traffic, with 536,440 monthly visits. Despite mixed reviews, its challenge variety and strong social media presence continue to attract attention.
| Country | Q1 2025 Monthly Searches |
|---|---|
| India | 18,100 |
| United States | 12,100 |
| Pakistan | 8,100 |
| United Kingdom | 5,400 |
| South Africa | 4,400 |
| Italy | 4,400 |
| Germany | 3,600 |
| Nigeria | 2,900 |
| Brazil | 2,900 |
| Canada | 2,400 |
| France | 2,400 |
| Kenya | 1,600 |
| Spain | 1,600 |
| Indonesia | 1,300 |
| Netherlands | 1,300 |
| Australia | 1,300 |
| Uzbekistan | 1,000 |
| Poland | 880 |
| Malaysia | 720 |
| Philippines | 720 |
| Singapore | 590 |
| Austria | 480 |
| Vietnam | 390 |
| Hong Kong | 210 |
| Cyprus | 170 |
India
|
18,100
1st
|
United States
|
12,100
2nd
|
Pakistan
|
8,100
3rd
|
United Kingdom
|
5,400
4th
|
South Africa
|
4,400
5th
|
Italy
|
4,400
6th
|
Germany
|
3,600
7th
|
Nigeria
|
2,900
8th
|
Brazil
|
2,900
9th
|
Canada
|
2,400
10th
|
Signing up for The Funded Trader can be a bit more complicated compared to other prop firms. Here’s an overview of my experience and some key points to note if you’re considering signing up:
1. Account Selection: I opted for the Knight Challenge with a $5,000 account size. The website allows you to customise your challenge by selecting challenge type, account size, and even add-ons like increased drawdown limits, EAs, or early payouts. However, the setup feels a bit segmented compared to the seamless registration processes seen with other firms.
2. Platform Selection: After choosing your challenge, you’ll need to pick a trading platform. Options include Platform 5, DXtrade, Match-Trader with TradingView, and cTrader. Remember, cTrader comes with an extra $25 fee, so if you prefer this platform should be aware of the additional cost upfront.
3. Payment Process: Unlike most prop firms where you register and pay the fee in a single step, The Funded Trader requires you to go through a multi-step process:
4. Account Activation: After the payment was completed, there was a delay in receiving account credentials. While some firms issue account details instantly upon payment, The Funded Trader took additional time, likely due to verification steps.
5. Dashboard and Order Summary: Upon completing the order, I accessed the dashboard, where an “Order List” section showed my order as “Paid,” with challenge details and order number. This provides a clear summary, but the additional waiting period for account details was a unique aspect of their process.
6. Trading Platform Download: Once your account is set up, you’ll need to download the trading platform you selected during signup or access the WebTrader version online. Each platform has its own download process, and The Funded Trader’s website provides links or guidance for downloading these platforms.
7. Developing and Executing Your Trading Strategy: With the platform ready, you can start configuring your trading strategy. This is where you’ll align with The Funded Trader’s guidelines, keeping within risk parameters like daily and maximum drawdowns. Establish your strategy around factors such as entry/exit points, risk management, and compliance with The Funded Trader’s trading rules for funded accounts.
In summary, the signup process at The Funded Trader is functional but involves multiple steps and slight delays, especially around payment verification and account activation. This differs from the more straightforward approaches taken by many other prop firms, where payment and registration are integrated for a quicker setup.
The Funded Trader offers a range of challenges and scaling options up to $5 million, with flexible platform choices and leverage setups. However, high commission fees, limited transparency on spreads, and restricted support hours may impact usability.
Connectivity issues on DXtrade and a complex challenge comparison layout on their website also add friction for traders focused on straightforward pricing and reliable access.
While it suits traders looking for customisation, these drawbacks might make other firms more appealing for those prioritising simplicity and clarity.
The Funded Trader is a proprietary trading firm that provides capital to successful traders, offering various trading challenges to assess trader skill and discipline.
With account sizes from $5,000 to $200,000 and scaling options reaching up to $5 million, it allows traders to pursue multiple trading instruments, including forex, commodities, indices, and crypto.
However, the firm’s low Trustpilot score of 3.3/5, alongside slower customer support and high commission fees, might impact its appeal for those seeking robust support and transparency.
For the top prop firms, read about the best prop trading firms.
The Funded Trader uses demo or simulated accounts rather than real capital for its evaluation and challenge phases. Traders go through these demo account phases to demonstrate their trading abilities, risk management, and consistency under predefined rules.
Once you pass the challenge, you are eligible for a profit share and funded trader status, paid from the firm’s revenue, simulating the effect of trading real money.
The Funded Trader’s payout varies based on the selected challenge and profit split, generally ranging from 75% to 95% of profits. For example, VIP traders may access up to a 95% profit share on successful accounts.
Payment frequency depends on account type, with some challenges offering payouts every 7 or 14 days, while others occur monthly. You can choose payout methods like crypto or bank transfers, following KYC verification for Rise (Riseworks) payouts.
The Funded Trader offers account sizes from $5,000 to $200,000, with scaling opportunities up to $5 million for consistent performance.
Each challenge has specific options, such as the Knight and Knight Pro challenges, which allow selection from smaller accounts, while higher tiers like the Royal and Standard challenges support larger accounts.
Account size affects both fee structure and drawdown limits, making it important for traders to choose a size that fits their risk tolerance and strategy.
Payouts from The Funded Trader are generally available within a minimum of seven days, though this can vary by challenge type and selected add-ons.
Base account types typically follow a 14-day or monthly payout cycle, but traders opting for add-ons like expedited withdrawals can reduce the waiting times.
To become a funded trader with The Funded Trader program, applicants must complete one of several challenge types, each with specific profit targets, drawdown limits, and evaluation phases.
Depending on the chosen challenge, traders may face a one, two, or three-step evaluation, aiming to meet profit targets (typically 8-10%) without exceeding daily or maximum drawdowns.
Some challenges have no minimum trading days, enabling faster completion, while others require steady consistency before funding approval.
Yes, The Funded Trader program allows account scaling for traders who consistently achieve profit targets, increasing both account size and profit share potential. Eligible traders who maintain at least a 6% profit over three months can expand their account balance by 25% of the initial balance per successful scaling event.
This opportunity to grow accounts helps committed traders maximise returns and reach a maximum balance of up to $1.5 million or $5 million, depending on the challenge type.
Best Prop Trading FirmsVisit The Funded Trader
At PropFirms, we’re dedicated to helping traders identify the best proprietary trading firms to match their goals. Our team tests and reviews each firm’s platform features, costs, and trader evaluations. Through our research-backed scoring system, we assess core areas such as profit payout structures, account fees, platform quality, and customer support.
Our methodology incorporates trader-focused metrics:
We continuously update our comparisons to bring you accurate, comprehensive information on the prop trading landscape.
