The Funded Trader is a forex prop firm with an attractive Two-step challenge. They offer up to $400,000 in funding to traders.
The Funded Trader Reviews
What is The Funded Trader?
The Funded Trader, officially known as The Funded Trader LLC, was founded on May 12, 2021, in Liberty Hill, Texas. This proprietary trading organization, led by CEO Angelo Ciaramello, provides traders with a one-of-a-kind opportunity to choose from a variety of account kinds.
Three two-step evaluations, a one-step evaluation, and a three-step evaluation are available. The company has formed alliances with brokers such as Eightcap, ThinkMarkets, and Purple Trading Seychelles.
The Funded Trader’s headquarters are located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642. The organization actively recruits enthusiastic and experienced traders who can demonstrate their ability to navigate volatile market situations.
The Funded Trader gives traders the ability to potentially generate big gains by allowing them to manage account sizes of up to $400,000 & benefit from profit shares of up to 90%. Traders can trade a wide variety of financial assets, such as FX pairings, commodities, indices, & cryptocurrencies.
Angelo Ciaramello CEO (Chief Executive Officer) at The Funded Trader
Angelo Ciaramello, a visionary entrepreneur from New Jersey, founded The Funded Trader in 2020 when he was 24 years old. His startup altered the retail trading scenario in capital markets by incorporating gamification features. The concept was to foster friendly rivalry among individual traders, with the ultimate goal of reaching the top of the rankings leaderboard.
Under Angelo’s direction, the team devised funding challenges that allowed participants to trade with the company’s funds while earning a percentage of the profits.
Angelo Ciaramello’s recognition as one of the top 25 Financial Technology Leaders in New Jersey in 2022 was a noteworthy accomplishment.
If anyone wants to keep up with Angelo Ciaramello’s activities, they can follow him on Instagram and LinkedIn. They can remain up to date on his posts and learn more about his ongoing endeavors by following him on these networks.
The Funded Trader Funding Programs and Challenges: Rules and Requirements
The Funded Trader offers its traders five distinct funding programs:
- Standard Challenge
- Rapid Challenge
- Royal Challenge
- Knight Challenge
- Dragon Challenge
Standard Challenge
| Phase 1 (Challenge) | Phase 2 (Verification) | Phase 3 (Certification) | |
| Trading Period | Unlimited | Unlimited | Indefinite |
| Minimum Trading Days | 3 Days | 3 Days | None |
| Challenge Leverage | 1:200 | 1:200 | 1:100 |
| Virtual Profit Target | $10,000 (10%) | $5,000 (5%) | None |
| Maximum Loss | $10,000 (10%) | $10,000 (10%) | $10,000 (10%) |
| Maximum Daily Loss | $5,000 (5%) | $5,000 (5%) | $5,000 (5%) |
| Drawdown Type | Equity & Balance | Equity & Balance | Equity & Balance |
| Virtual Profit Split | – | – | 80%/90% Scaling |
| Weekend Holding | No | No | No |
| Expert Advisor | No | No | No |
| First Withdrawal | – | – | 21 days since the first trade has been placed |
| Challenge Fee | $499 | Free | Bonus |
The Funded Trader Standard Challenge offers traders the chance to oversee account sizes that range from $5,000 to $400,000. The objective is to identify traders who demonstrate discipline, profitability, and effective risk management during the two-step review period. The Standard Challenge is categorized into two distinct types: Regular and Swing.
The Regular Standard Challenge permits trading with leverage of up to 1:200 throughout both evaluation periods and up to 1:100 if the account is funded. The Swing Standard Challenge permits trading with leverage of up to 1:60 during the evaluation phases and up to 1:30 fully financed.
The sole distinction lies in the fact that the Swing Standard Challenge permits the retention of places over the weekend, whilst the Regular Standard Challenge necessitates the closure of all vacant positions.
| Account Size | Price |
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $199 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $939 |
| $300,000 | $1,469 |
In phase one evaluation, traders aim for a 10% profit without exceeding a 5% daily loss or a 10% maximum loss. No specific daily trading requirements exist, but a minimum of three trading days is necessary to progress to phase two.
Phase two evaluation requires a 5% profit target with the same loss parameters and minimum trading days as phase one. Upon completing both phases, traders receive a funded account with no minimum withdrawal conditions, adhering to 5% daily loss and 10% maximum loss rules.
The initial payout occurs 21 calendar days from the first funded account position, with subsequent withdrawals allowed bi-weekly. Profit splits range from 80% to 90%, based on the funded account’s profit.
Add-ons for The Funded Trader’s Standard Challenge
- Maximum Daily Loss 6%
- Maximum Loss 12%
- EA’s Enabled
Standard Challenge Scaling Plan
Traders who participate in the Standard Challenge can increase the size of their trading accounts by maintaining consistent profitability. To qualify for a 25% increase in their initial account size, traders must achieve profits in at least two of the last three months, with an average return of 6% or a monthly return of 2%. Once a trader successfully scales their account, the profit split rises to 90%.
For example, if a trader starts with a $100,000 account and achieves consistent profitability for three months, their account size would increase to $125,000. Further successful periods would result in additional increases.
Standard Challenge Trading Rules & Objectives
Traders in the evaluation phases must meet specific profit targets. In Phase 1, the profit target is 10%; in Phase 2, it’s 5%. However, funded accounts don’t have any specific targets to meet.
Additionally, daily losses are limited to 5% (6% with Add-on), and overall losses are limited to 10% (12% with Add-on). It’s important to note that both evaluation phases require a minimum of 3 trading days.
Martingale strategies are not allowed, and weekend holding is prohibited, except for the Swing Standard Challenge. If traders want to use Expert Advisors, they must use an Add-on.
Rapid Challenge
| Phase 1 (Challenge) | Phase 2 (Verification) | Phase 3 (Certification) | |
| Trading Period | Unlimited | Unlimited | Indefinite |
| Minimum Trading Days | 0 Days | 0 Days | None |
| Challenge Leverage | 1:100 | 1:100 | 1:100 |
| Virtual Profit Target | $8,000 (8%) | $5,000 (5%) | None |
| Maximum Loss | $8,000 (8%) | $8,000 (8%) | $8,000 (8%) |
| Maximum Daily Loss | $5,000 (5%) | $5,000 (5%) | $5,000 (5%) |
| Drawdown Type | Balance | Balance | Balance |
| Virtual Profit Split | – | – | 80%/90% Scaling |
| Weekend Holding | No | No | No |
| First Withdrawal | – | – | 14 Days |
| Fee Repeat | Yes | Yes | No |
| Challenge Fee | $499 | Free | Bonus |
Rapid Challenge Scaling Plan
The Rapid Challenge also has a scalability strategy. Traders who achieve a profit of 10% or higher during a single profit split period are qualified to get an account increase of 10% each time their withdrawal exceeds 10% of their beginning account balance. Upon the trader’s initial scaling of their Rapid Challenge, the profit split is elevated to 90%.
For example-
| Account Size | Generated Profit | Scaled Account Size |
| $100,000 | Over 10% | $110,000 |
| $110,000 | Over 10% | $120,000 |
| $120,000 | Over 10% | $130,000 |
| $130,000 | Over 10% | $140,000 |
Royal Challenge
| Phase 1 (Challenge) | Phase 2 (Verification) | Phase 3 (Certification) | |
| Trading Period | Unlimited | Unlimited | Unlimited |
| Minimum Trading Days | 5 Days | 5 Days | None |
| Challenge Leverage | 1:200 | 1:200 | 1:100 |
| Virtual Profit Target | $8,000 (8%) | $5,000 (5%) | None |
| Maximum Loss | $10,000 (10%) | $10,000 (10%) | $10,000 (10%) |
| Maximum Daily Loss | $5,000 (5%) | $5,000 (5%) | $5,000 (5%) |
| Expert Advisors | Yes | Yes | Yes |
| Drawdown Type | Equity & Balance | Equity & Balance | Equity & Balance |
| Virtual Profit Split | – | – | 80%/90% Scaling |
| First Withdrawal | – | – | 30 Days |
| Challenge Fee | $499 | Free | Bonus |
The Funded Trader Royal Challenge provides traders with an opportunity to manage account sizes ranging from $50,000 to $400,000. The challenge aims to identify traders who possess strong discipline, profitability, and effective risk management skills throughout the two-step evaluation process. Participants in the Royal Challenge can use leverage up to 1:200 in both evaluation phases and up to 1:100 once they are successfully funded.
| Account Size | Price |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
| $300,000 | $1,399 |
| $400,000 | $1,869 |
Add-ons for The Funded Trader’s Royal Challenge
- First Withdrawal After 14 Calendar Days
Knight Challenge
| Phase 1 (Challenge) | Phase 2 (Verification) | Phase 3 (Certification) | |
| Trading Period | Unlimited | – | Indefinite |
| Minimum Trading Days | 0 Days | – | 0 days |
| Challenge Leverage | 1:30 | – | 1:30 |
| Virtual Profit Target | $10,000 (10%) | – | None |
| Maximum Loss | $6,000 (6%) | – | $6,000 (6%) |
| Maximum Daily Loss | $3,000 (3%) | – | $3,000 (3%) |
| Expert Advisors | Yes | – | Yes |
| Drawdown Type | Relative | – | Relative |
| Virtual Profit Split | – | – | 80%/90% Scaling |
| First Withdrawal | – | – | 7 Days |
| Challenge Fee | $499 | – | Bonus |
The Funded Trader Knight Challenge offers traders the chance to oversee account amounts ranging from $5,000 to $200,000. The objective is to identify traders who demonstrate discipline, profitability, and effective risk management throughout a single evaluation period. The Knight Challenge offers the opportunity to engage in leveraged trading with a maximum leverage of 1:30.
| Account Size | Price |
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $489 |
| $200,000 | $939 |
Add-ons for The Funded Trader’s Knight Challenge
- 4% Maximum Daily Loss
- 7% Maximum Trailing Loss
Dragon Challenge
| Phase 1 (Challenge) | Phase 2 (Verification) | Phase 3 (Validation) | Phase 4 (Certification) | |
| Trading Period | Unlimited | Unlimited | Unlimited | Unlimited |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | None |
| Challenge Leverage | 1:100 | 1:100 | 1:100 | 1:100 |
| Virtual Profit Target | $16,000 (8%) | 10,000 (5%) | 10,000 (5%) | None |
| Maximum Loss | $20,000 (20%) | $20,000 (20%) | $20,000 (20%) | $20,000 (20%) |
| Maximum Daily Loss | $10,000 (5%) | $10,000 (5%) | $10,000 (5%) | $10,000 (5%) |
| Drawdown Type | Balanced- based | Balanced- based | Balanced- based | Balanced- based |
| Virtual Profit Split | – | – | – | 90% Scaling |
| Weekend Holding | No | No | No | No |
| Expert Advisors | Yes | Yes | Yes | Yes |
| First Withdrawal | – | – | – | 7 Days |
| Challenge Fee | $499 | Free | Free | Bonus |
The Funded Trader Dragon Challenge offers traders the chance to manage account sizes ranging from $5,000 to $200,000. The purpose of the challenge is to identify disciplined traders who are profitable and can effectively manage risk during the three-step evaluation period. The Dragon Challenge is divided into two types: Regular and Swing. The Regular Dragon Challenge allows trading with leverage up to 1:100.
However, the Swing Dragon Challenge allows trading with leverage up to 1:30. The only other difference between the two is that the Swing Dragon Challenge allows traders to hold positions over the weekend, while the Regular Dragon Challenge requires them to close all open positions.
| Account Size | Price |
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $135 |
| $50,000 | $205 |
| $100,000 | $355 |
| $200,000 | $495 |
Dragon Challenge Scaling Plan
The Dragon Challenge also has a scaling strategy.
The Funded Trader Broker: Do They Use a Reliable Platform?
When considering proprietary trading firms that align with the forex trading style, it is crucial to evaluate the achievability of trading requirements. While a company may seem attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, which significantly reduces the likelihood of success.
It is also essential to examine time constraints, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is crucial to acquaint traders with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating the trading account terms.
- Standard Challenge:
- Profit Targets: 10% in phase one, 5% in phase two.
- Maximum Loss Rules: 5% maximum daily, 10% maximum loss.
- Trading Day Requirements: No maximum, minimum of 3 calendar days.
- Payout Split: 80% to 90% upon successful completion of both evaluation phases.
- Rapid Challenge:
- Profit Targets: 8% in phase one, 5% in phase two.
- Maximum Loss Rules: 5% maximum daily, 8% maximum loss.
- Trading Day Requirements: No minimum or maximum, offering flexibility.
- Payout Split: 80% to 90% upon successful completion of both evaluation phases.
- Royal Challenge:
- Profit Targets: 8% in phase one, 5% in phase two.
- Maximum Loss Rules: 5% maximum daily, 10% maximum loss.
- Trading Day Requirements: No maximum, minimum of 5 calendar days.
- Payout Split: 80% to 90% upon successful completion of both evaluation phases.
- Knight Challenge:
- Profit Target: 10%.
- Maximum Loss Rules: 3% maximum daily, 6% maximum trailing loss.
- Trading Day Requirements: No minimum or maximum, offering flexibility.
- Payout Split: 80% to 90% upon successful completion of the evaluation phase.
- Dragon Challenge:
- Profit Targets: 8% in phase one, 5% in phase two, 5% in phase three.
- Maximum Loss Rules: 5% maximum daily, 10% maximum loss.
- Trading Day Requirements: No minimum or maximum, offering flexibility.
- Payout Split: 75% to 95% upon successful completion of all three evaluation phases.
Note: After careful consideration of all relevant factors, The Funded Trader is strongly recommended due to its offering of five distinct funding programs. These programs include three two-step evaluations, a one-step evaluation, alongside a three-step evaluation, all of which feature realistic trading objectives and requirements for qualifying for payouts.
The Funded Trader Fees: How Much Do They Charge?
Trading Commission
| Trading Instrument | Commission Fee |
| Forex | 7 USD / LOT |
| Commodities | 3 USD / LOT (ThinkMarkets 7 USD / LOT)(0 USD / LOT on Oil) |
| Indices | 0 USD / LOT |
| Crypto | 0 USD / LOT |
Education
The Funded Trader offers its community a comprehensive Media section featuring instructional content across six distinct categories:
- Community Update – Latest news and updates
- Company Announcements – Latest announcements regarding TFT
- FAQ – Video form of frequently asked questions
- Podcasts – Educational podcasts with successful traders
- Spanish FAQ – Video form of frequently asked questions in the Spanish language
- Trader Interviews – TFT Trader interviews
In addition, the Media area contains a comprehensive Blog that offers instructional content, organized into six distinct categories:
- Trader Interviews – TFT Trader interviews
- Trading Psychology – Educational trading psychology content
- Trading Systems – Educational content for beginners
- Trading Tips – Educational articles about trading suggestions, guides, and essential aspects of trading
- Company Updates – Latest announcements of company updates
- Industry News – Educational articles on the prop industry changes
The Funded Trader is a select proprietary trading company that provides traders with a gratis trial option. This enables traders to familiarize themselves with the trading circumstances of the platform and minimizes the chances of making mistakes when they eventually select one of the five available evaluation programs.
In addition, The Funded Trader grants all its clients the opportunity to utilize a meticulously crafted trader dashboard. This tool enhances risk management by providing continuous access to comprehensive statistics and targets, guaranteeing real-time updates every minute of the day. The upgrade significantly enhances the entire user experience.
The Funded Trader Proof of Payment:
The Funded Trader is a proprietary trading firm established on May 12, 2021. It supports a community of traders who can qualify for profit sharing by achieving funded status. Once traders complete the Standard, Rapid, or Royal Challenge with The Funded Trader and achieve funded status, the initial payout will be available after 21 calendar days (Standard), 14 calendar days (Rapid), and 30 calendar days (Royal). With the Add-on option, the Royal Challenge payout can be accessed in 14 calendar days.
After the first payout, subsequent payouts occur every 14 calendar days, provided that the initial account size is surpassed. The profit split varies between 80% and 90% depending on the profits earned from the financed account.
If traders complete the Knight or Dragon Challenge, they can access their first compensation within 7 calendar days. After the first payment, subsequent payouts occur every 7 days, provided that the initial account size is surpassed.
The Knight Challenge offers a profit distribution of 80% to 90%, while the Dragon Challenge offers an even more advantageous profit distribution of 75% to 95%. The Funded Trader provides proof of its payouts on various platforms.
For example, Trustpilot showcases feedback from traders who describe their experiences and effective payment procedures. Additionally, The Funded Trader’s Discord channel has many compensation certificates from its most accomplished traders, which serve as evidence of payment.
The Funded Trader Customer Support:
The Funded Trader is also present on several social media networks.
The Funded Trader network thrives on Facebook, with the firm’s Facebook Page attracting 16k followers. This area functions as an interactive center for engaging in debates, exchanging experiences, and seeking advice.
The Instagram account of The Funded Trader is doing well, with 1,720 posts and 122k followers. This platform provides a visual insight into the world of trading, showcasing the firm’s activities and accomplishments uniquely.
The Funded Trader has cultivated a community of 85.6k followers on Twitter. This platform functions as a dynamic environment for immediate updates, news, etc. Traders can remain updated on the latest developments and participate in discussions with individuals who share similar interests by subscribing to its Twitter account.
- YouTube
The Funded Trader possesses an educational and captivating YouTube channel with a substantial following of 88.5k followers. This channel contains 1,100 published videos, making it a valuable resource for traders of all skill levels.
- Customer Support for Traders
- Live Chat: Yes
- Email: [email protected]
- Phone: (888) 920-3079
- Supported Languages: English, French, Portuguese, Spanish
- Account opening process
- Registration Form – Enroll in The Funded Trader program by completing the registration form with individuals’ personal information and accessing the trading dashboard through login.
- Choose the Account – Select the type of challenge that traders wish to undertake, specify the amount of their account, choose a trading platform, select a broker, determine the type of account they want, and consider any additional features or add-ons.
- Apply Discount Code – Utilize our coupon code “forexpropreviews” to receive a 10% discount on all forms of The Funded Trader challenges.
- Choose Payment Method – Upon successful application of our discount code, customers can opt for either a credit/debit card or cryptocurrency as their preferred payment option.
- Receive Login Credentials – Access the trading dashboard to log in and retrieve the login details for the trading account.
What Makes The Funded Trader Unique?
The Funded Trader differentiates itself from other prominent prop firms in the industry by providing a range of five distinct account kinds. These include three two-step evaluations, one-step evaluations, and three-step assessments.
In addition, the site offers other beneficial features, including customized add-ons for certain Challenge accounts, the ability to trade without any time restrictions, the choice to withdraw funds on a weekly or bi-weekly basis, and a cost-effective Dragon Challenge.
The Funded Trader’s Standard Challenge consists of a two-step evaluation process, requiring satisfactory completion of both phases to be eligible for awards. Traders set a 10% profit objective in the first phase, which is then followed by a 5% target in the second phase. The evaluation enforces regulations that limit the maximum daily loss to 5% and the maximum loss to 10%.
There are no explicit constraints on the maximum number of trading days, however, traders are required to participate for a minimum of 3 consecutive calendar days throughout each assessment phase. The Standard Challenge provides a unique scaling strategy that allows traders to effectively manage higher account sizes.
The Standard Challenge distinguishes itself from other funding programs by offering unrestricted trading time, the option to include daily drawdown and maximum drawdown add-ons, and the capacity to manage account sizes of up to $400,000.
For instance- A comparison between The Funded Trader and Finotive Funding
| Trading Objectives | The Funded Trader (Standard) | Finotive Funding |
| Phase 1 Profit Target | 10% | 7.5% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% (6% with Add-on) | 5% |
| Maximum Loss | 10% (12% with Add-on) | 10% |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 95% |
The Funded Trader Reviews: What Do Their Customers Say?
Trustpilot
The Funded Trader has achieved a commendable rating on Trustpilot, which is based on the feedback provided by their community. Trustpilot hosts a diverse range of community members who actively remark and offer favorable reviews on The Funded Trader’s services.
The company has attained a commendable rating of 4.4 out of 5 based on a significant sample size of 16,126 reviews. Significantly, 82% of these evaluations have given The Funded Trader the highest rating of 5 stars.
#1. Salman Munir expressed his profound admiration for TFT’s contribution to instilling trust within this particular sector. Received many disbursements within the specified timeframe and was quite satisfied with the assistance provided.
He appreciates Angelo and his team’s consistent presence on Discord, assisting everyone, especially during holidays, which demonstrates their resolute dedication and unwavering commitment. He is delighted to be a customer of The Funded Trader.
#2. Zulfiqar Ali states that he is still a novice in the Royal Challenge Phase 1. He acknowledges that there is still much to learn, but he currently finds his team to be quite encouraging and helpful. Eager to address any concerns that may arise, they also diligently follow up to ensure that the issue has been fixed.
he proposes raising the thresholds for losses. It will provide the participants with an opportunity to play more effortlessly. Appreciation is expressed.
#3. Divine being Michael praised the exceptional quality of the support team. However, one factor contributing to his low rating is their lack of timely customer response.
In our technologically advanced society, it is expected that the customer care team of a large firm should provide a response to clients within a time frame of less than 5 minutes.
#4. Asyrul Anuar asserts that the country has been designated as prohibited without any previous notification. The most unfavorable aspect is that he did not receive a refund for the challenge he purchased more than 60 days ago. We were assured a reimbursement, but, none of the funds have been sent into our account as of today. It has been almost three months since TFT imposed a ban on us in Malaysia and Vietnam.
Conclusion
To summarize, The Funded Trader is a well-regarded and adaptable proprietary trading service that provides five different funding plans designed to suit different trading styles. Traders can take advantage of significant profit splits ranging from 80% to 95% by utilizing industry-standard evaluations and realistic profit targets.
The firm’s distinctive attributes and dedication to providing advantageous trading circumstances establish it as a premier selection among prominent proprietary firms in the sector.
