The Funded Trader – Elite Prop Firm Review
- Top capital backing for ambitious traders with scaling opportunities
- Swift payout system guarantees satisfaction with industry-leading processing times every time
- Exceptional support staff responds rapidly through multiple communication channels around the clock
- Multiple account options meet goals for traders at every experience level
- Fair evaluation standards encourage success through realistic and achievable trading parameters
- Use this Discount Code when You Start with The Funded Trader: TFTTrader9867973
Firm Overview
The Funded Trader (TFT) is a leading prop trading firm that offers traders access to significant capital without requiring large personal investments. Founded with the mission to empower traders worldwide, TFT provides a structured pathway for both novice and experienced traders to access institutional-level funding through their evaluation program.
What sets The Funded Trader apart is their trader-centric approach, offering flexible challenge programs, rapid funding options, and competitive profit splits up to 90%. The company maintains a strong community focus through educational resources, regular trading competitions, and an active Discord community with over 100,000 members. Their transparent rules, responsive customer support, and reputation for reliable payouts have helped The Funded Trader establish itself as a respected name in the prop trading industry, with thousands of successfully funded traders across the globe.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee ranging from $99 to $999 depending on account size, with a two-phase evaluation process
- Professional Challenge – Higher one-time fee ($109 to $1,199) with more aggressive profit targets and reduced time requirements
- Discounted Retakes – Reduced fees for traders who need to restart a challenge
- Free Trial Option – Limited-time access to test the platform before committing
Account Types
- Standard Challenge Account: Balanced approach with moderate profit targets and risk parameters, suitable for most trading styles
- Professional Challenge Account: Accelerated path for experienced traders with higher profit targets and faster evaluation timeline
- Evaluation Account: Initial testing phase to demonstrate trading discipline and profitability
- Verification Account: Second phase of evaluation to confirm consistent performance
- Funded Account: Live trading account with company capital after successful evaluation
Video Review
The Funded Trader – Elite Prop Firm Review
The Funded Trader – Elite Prop Firm Review
Profit Split Options
- Standard Split: 80% for traders and 20% for The Funded Trader on initial funded accounts
- Loyalty Program: Increased profit split up to 90% for traders based on performance and longevity
- Instant Funding: Available with different profit split options (typically starting at 70%)
- Scaling Plan: Potential for increased account sizes with consistent performance while maintaining profit split percentages
Account Sizes
- $10,000: Entry-level account with lower challenge fee, ideal for beginners testing their strategies
- $25,000: Popular mid-tier option balancing affordable entry cost with meaningful capital
- $50,000: Intermediate level suitable for consistent traders with proven strategies
- $100,000: Advanced option for experienced traders seeking substantial capital
- $200,000: High-tier account for professional-level traders with established performance history
- $400,000: Premium offering for elite traders capable of managing significant capital
Trading Platforms
- MetaTrader 4 (MT4): Classic platform with robust charting tools and extensive indicator library
- MetaTrader 5 (MT5): Advanced version with additional timeframes, order types, and analytical tools
- TradingView: User-friendly, web-based platform with social trading features and custom indicators
- cTrader: Sophisticated platform with depth of market visibility and advanced execution features
Financial Markets
- Forex (FX): Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including US30, NASDAQ, S&P 500, DAX, and more
- Commodities: Gold, silver, oil, natural gas, and other raw materials
- Cryptocurrencies: Bitcoin, Ethereum, and other major digital assets (available on select accounts)
- Metals: Spot gold and silver trading with extended hours
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 4% | 4% |
| Maximum Drawdown | 8% | 8% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 3 days | 3 days |
Challenge Specifications
- Max Allocation: Initial funding up to $400,000 with potential for scaling based on performance
- Scaling: Opportunity to double account size after every 10% in returns, with maximum account sizes up to $4,000,000
- Trading Competitions: Monthly contests with cash prizes and funded account opportunities for top performers
- Free Trial: Limited-time access to platform features and trading conditions before purchasing a challenge
- Profit Targets: Range from 5-12% depending on challenge type and phase, with no time limits to achieve targets
- Drawdown Structure:
- Daily: 4-5% loss limit from previous day’s closing balance
- Maximum: 8-10% overall account drawdown from initial balance
- Trailing: Not implemented, fixed maximum drawdown from starting balance
Trading Rules and Requirements
- No holding positions during major economic news releases
- Trading hours restricted to regular market sessions (no trading during weekend gaps)
- Maximum trading lot size based on account size (typically 1 lot per $10,000)
- No excessive leverage or scaling into positions beyond allowed limits
- Minimum 5 trading days required during each phase (3 days for Professional Challenge)
- No hedging or arbitrage strategies allowed
- Mandatory stop-loss required on all trades
- Compliance with daily and maximum drawdown limits
Company Information
- Founded in 2021 by experienced traders and financial industry professionals
- Headquarters located in United States with global operations
- Active community of over 100,000 traders in their Discord server
- 24/5 customer support available via email, live chat, and Discord
- Regular educational webinars and training resources for traders
- Transparent payout system with consistent on-time profit distributions
Payout Methods
- PayPal (1-3 business days)
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other cryptocurrencies (1-2 business days)
- Wise/TransferWise (2-3 business days)
- Payoneer (2-4 business days)
Trading Commissions
- Forex pairs: $5 per lot round-turn (standard lot)
- Indices: Market-specific rates ($4-$7 per standard lot)
- Commodities: $5-$8 per standard lot
- Cryptocurrencies: 0.1% of trade value
- Commissions are deducted automatically from trading performance
IP Rules
- Multiple accounts allowed but must be disclosed to support team
- Trading allowed from different locations but consistent IP changes may trigger verification
- VPN usage permitted but must be disclosed beforehand
- No sharing of trading accounts between multiple users
- Geographic restrictions may apply in certain countries due to regulatory requirements
Unique Features
Trader Support
- Active Discord community with over 100,000 members for networking and support
- Free educational webinars and training sessions with professional traders
- Trading psychology resources and performance analytics tools
- Dedicated account managers for funded traders
Flexibility
- No time limit to complete challenges, allowing traders to be patient
- Weekend holding permitted (except during weekend market closures)
- No daily profit targets, only overall performance goals
- Multiple challenge restart options at reduced pricing
Growth Opportunities
- Aggressive scaling program allowing account growth up to $4 million
- Increasing profit splits (up to 90%) based on performance and loyalty
- Regular trading contests with funded account prizes
- Affiliate program with competitive commission structure
Why Choose The Funded Trader?
The Funded Trader stands out in the competitive prop firm landscape by offering an exceptional balance of trader-friendly conditions, flexible challenge parameters, and substantial growth potential. Their approach prioritizes trader success over rigid evaluation metrics.
Key advantages include:
- No time limits on challenges, allowing traders to be patient and selective with setups
- Competitive pricing with frequent promotional discounts on challenge fees
- Generous profit splits up to 90% for consistent performers
- Aggressive scaling program allowing account growth up to $4 million
- Robust community resources including Discord server and educational content
- Reliable and consistent payout history with multiple withdrawal options
- Transparent rules and responsive customer support
- Choice between Standard and Professional challenge paths based on experience level
Frequently Asked Questions
How long does it take to get funded?
The time to achieve funding varies by trader. Since The Funded Trader doesn’t impose time limits on challenges, you can take as long as needed to reach the profit targets (8% for Phase 1 and 5% for Phase 2 in the Standard Challenge). Skilled traders may complete both phases in as little as 2-3 weeks, while others might take several months depending on trading style and market conditions.
Can I hold positions over the weekend?
Yes, The Funded Trader allows weekend position holding on most instruments. However, positions cannot be held during the weekend market closure gap (from Friday close to Sunday open) due to potential gap risk. For specific markets like cryptocurrencies that trade continuously, different rules may apply. Always check the latest guidelines in your account dashboard.
What happens if I break a rule?
Rule violations are handled case-by-case. Minor violations typically result in warnings, while severe or repeated violations may lead to account termination. Daily or maximum drawdown breaches automatically end the challenge. If you’re unsure about a specific trading approach, it’s best to contact support before executing to avoid potential violations. The Funded Trader generally maintains a trader-friendly approach to rule enforcement.
Can I trade news events?
Trading during major economic news releases is not permitted due to the volatility and unpredictable nature of these events. Positions must be closed at least 5 minutes before high-impact news events (as listed on an economic calendar) and cannot be reopened until 5 minutes after the release. This rule helps protect both the trader and the firm from extreme market volatility that could result in significant losses.
How often can I withdraw profits?
Funded traders can withdraw profits bi-weekly (every two weeks) or monthly, depending on the account type and profit level. The minimum withdrawal amount is $100, and the process typically takes 1-5 business days depending on the selected payment method. There are no limits on the maximum withdrawal amount – you can withdraw all your available profits each cycle. Consistency is key; The Funded Trader has maintained a solid reputation for reliable and timely payouts.
