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The Funded Trader Review (5% Discount: PROPFTRADING)

The Funded Trader embraces the philosophy that each retail trader should have a chance to secure capital based on their dedication and performance in building their trading business. We seek passionate and skilled traders ready to thrive in diverse market conditions with the support of our funds. Unlock your potential with us!

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Pros +

+ Excellent Trustpilot rating of 4.4/5
+ Five Unique Funding Programs
+ Free Trial
+ Professional Trader Dashboard
+ A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
+ Leverage up to 1:200
+ No Maximum Trading Day Requirements
+ Scaling Plan
+ First Payout After 7 Days with Knight & Dragon Challenge
+ Weekly & Bi-weekly Payouts
+ Profit Share of 75% up to 95% (Depending on Challenge)
+ Overnight Holding Allowed
+ Weekend Holding & News Trading Allowed on Swing Accounts
+ Affordable Dragon Challenge
+ Balance-based Drawdown on Rapid & Dragon Challenge

Cons -

– Standard & Royal Challenge have Equity-based Drawdown
– Initial Maximum Drawdown of 8% on Rapid Challenge
– Minimum Trading Day Requirements on Standard & Royal Challenge
– Trailing Drawdown on Knight Challenge

The Funded Trader is on the lookout for dedicated and seasoned traders poised for success with the assistance of our funds, showcasing their skills in unpredictable market conditions. Traders can seize the chance to earn significant profits, enjoying the flexibility to handle account sizes of up to $400,000 and benefit from profit splits of up to 90%. Achieve this by trading a range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are The Funded Trader?

The Funded Trader, legally known as The Funded Trader LLC, was established on May 12, 2021, as a proprietary trading firm. Headquartered in Liberty Hill, Texas, the firm is under the leadership of CEO Angelo Ciaramello. Offering a variety of account types, including three two-step evaluations, a one-step evaluation, and a three-step evaluation, The Funded Trader collaborates with brokers Eightcap, ThinkMarkets, and Purple Trading Seychelles.

You can find The Funded Trader‘s main office at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

Who is the CEO of The Funded Trader?

The CEO of The Funded Trader is Angelo Ciaramello, a 24-year-old entrepreneur hailing from New Jersey. Angelo founded The Funded Trader in 2020, initially as a startup that introduced gamification to retail trading in capital markets. The company aimed to offer a platform for individual traders to compete for funding and secure top positions on the rankings leaderboard.

Under Angelo’s leadership, the company developed multiple funding challenges, allowing individuals to trade with the company’s capital and earn percentage-based profit splits. Angelo’s notable achievement includes being recognized as one of the top 25 Financial Technology Leaders of New Jersey in 2022.

To stay updated on Angelo Ciaramello’s activities, you can follow him on Instagram and LinkedIn for regular posts about his daily ventures.

The Funded Trader Funding Programs

The Funded Trader provides its traders with five unique funding program options:

The Funded Trader Standard Challenge lets you handle account sizes from $5,000 to $400,000. It’s designed to spot disciplined and profitable traders who can effectively manage risk in the two-step evaluation. The Standard Challenge comes in two types: Regular and Swing. In the Regular Standard Challenge, trade with up to 1:200 leverage in evaluations and 1:100 when funded. For the Swing Standard Challenge, use up to 1:60 leverage in evaluations and 1:30 when funded. The only difference is that with the Swing Challenge, you can keep positions over the weekend, while the Regular Challenge needs you to close all positions.

Account Sizes:

– $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

Evaluation phase one necessitates reaching a 10% profit target while adhering to the 5% maximum daily loss or 10% maximum loss rules. There’s no specific maximum trading day requirement during this phase, but you must trade for a minimum of three days to progress to phase two.

For evaluation phase two, achieving a 5% profit target is required, along with compliance with the 5% maximum daily loss or 10% maximum loss rules. Similar to phase one, there’s no maximum trading day requirement, but you must trade for at least three days to move on to a funded account.

Completing both evaluation phases earns you a funded account with no minimum withdrawal requirements. Simply follow the 5% maximum daily loss and 10% maximum loss rules. Your first payout occurs 21 calendar days after placing your first position in the funded account, while subsequent withdrawals can be requested bi-weekly. Profit splits range from 80% to 90%, based on the profits generated in your funded account.

Add-ons for The Funded Trader’s Standard Challenge

– Maximum Daily Loss 6%
– Maximum Loss 12%
– EA’s Enabled

Standard Challenge Scaling Plan

The Standard Challenge includes a scaling plan. If a trader is profitable for at least two out of the last three months with an average return of 6% over the three-month period or a 2% return each month during the three-month period, they become eligible for a 25% increase in the initial account size. The profit split increases to 90% after the trader scales their Standard Challenge for the first time.

Example:

– After 3 Months: A qualified $100,000 account increases to $125,000.
– After the Next 3 Months: A qualified $125,000 account increases to $150,000.
– After the Next 3 Months: A qualified $150,000 account increases to $175,000.

Standard Challenge Trading Rules & Objectives

– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.

– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%. (6% with Add-on)

– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%. (12% with Add-on)

– Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 3 days.

– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.

– No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Standard Challenge can hold trades during the weekend)

– No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities. (Expert Advisors allowed with Add-on)

The Funded Trader Rapid Challenge lets you handle account sizes from $5,000 to $200,000. It’s designed to spot disciplined and profitable traders in a two-step evaluation. There are two types: Regular and Swing. In the Regular Rapid Challenge, trade with up to 1:100 leverage. For the Swing Rapid Challenge, use up to 1:30 leverage. The only difference is that with the Swing Challenge, you can keep positions over the weekend, while the Regular Challenge needs you to close all positions. Unlock your potential with Rapid Challenge!

Account Sizes:

– $5,000 – $79
– $10,000 – $129
– $25,000 – $229
– $50,000 – $299
– $100,000 – $499
– $200,000 – $899

Evaluation phase one demands reaching an 8% profit target without exceeding the 5% maximum daily loss or 8% maximum loss rules. No specific minimum or maximum trading day requirements exist during this phase. To progress to phase two, achieving the 8% profit target without violating the daily or maximum loss limits is all that’s required.

For evaluation phase two, the trader needs to attain a 5% profit target without surpassing the 5% maximum daily loss or 8% maximum loss rules. Similar to phase one, there are no set minimum or maximum trading day requirements. To attain funded status, meeting the 5% profit target without breaching the daily or maximum loss limits is the key requirement.

Completing both evaluation phases earns you a funded account with no minimum withdrawal requirements. Adherence to the 5% maximum daily loss and 8% maximum loss rules is essential. Your initial payout occurs 14 calendar days after placing your first position in the funded account, with subsequent withdrawals accepted bi-weekly. Profit splits range from 80% to 90%, determined by the profits generated in your funded account.


Rapid Challenge Scaling Plan

The Rapid Challenge also has a scaling plan. If a trader reaches a profit of 10% or more within a single profit split period, then they become eligible for an account increase of 10% each time the withdrawal is greater than 10% of their initial account balance. The profit split increases to 90% after the trader scales their Rapid Challenge for the first time.

Rapid Challenge Trading Rules & Objectives

– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.

– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.

– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.

– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.

– No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Rapid Challenge can hold trades during the weekend)

– No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities.

The Funded Trader Royal Challenge offers traders the chance to handle account sizes between $50,000 and $400,000. The goal is to recognize disciplined and profitable traders adept at managing risk in a two-step evaluation. In the Royal Challenge, trade with leverage up to 1:200 in both evaluation phases and up to 1:100 once funded. Unlock your potential with the Royal Challenge!

Account Sizes

– $50,000 – $289
– $100,000 – $489
– $200,000 – $939
– $300,000 – $1,399
– $400,000 – $1,869

Evaluation phase one mandates reaching an 8% profit target without exceeding the 5% maximum daily loss or 10% maximum loss rules. There’s no specific maximum trading day requirement during this phase, but you must trade for a minimum of five days to advance to phase two.

For evaluation phase two, traders need to achieve a 5% profit target without surpassing the 5% maximum daily loss or 10% maximum loss rules. Similar to phase one, there’s no set maximum trading day requirement, but you must trade for a minimum of five days to proceed to a funded account.

Completing both evaluation phases earns you a funded account with no minimum withdrawal requirements. Simply adhere to the 5% maximum daily loss and 10% maximum loss rules. Your initial payout is 30 calendar days from placing your first position in the funded account, with subsequent withdrawals accepted bi-weekly. Profit splits range from 80% to 90%, determined by the profits generated in your funded account.

Add-ons for The Funded Trader’s Royal Challenge

– First Withdrawal After 14 Calendar Days


Royal Challenge Scaling Plan

The Royal Challenge includes a scaling plan. If a trader is profitable for at least two out of the last three months, with an average return of 6% over the three-month period or a 2% return each month during the three-month period, they become eligible for an account size increase equal to 25% of the initial account size. The profit split increases to 90% after the trader scales their Royal Challenge for the first time.

Example:

– After 3 Months: A qualified $100,000 account increases to $125,000.

– After the Next 3 Months: A qualified $125,000 account increases to $150,000.

– After the Next 3 Months: A qualified $150,000 account increases to $175,000.

Royal Challenge Trading Rules & Objectives

– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.

– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.

– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.

– Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 5 days.

– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.

The Funded Trader Knight Challenge offers traders the chance to handle account sizes ranging from $5,000 to $200,000. The goal is to identify disciplined and profitable traders who can effectively manage risk in a one-step evaluation period. In the Knight Challenge, trade with leverage up to 1:30. Unlock your potential with the Knight Challenge!

Account Sizes:

– $5,000 – $59
– $10,000 – $99
– $25,000 – $189
– $50,000 – $289
– $100,000 – $489
– $200,000 – $939

The evaluation phase necessitates a trader reaching a 10% profit target without exceeding the 3% maximum daily loss or 6% maximum trailing loss rules. No specific minimum or maximum trading day requirements exist during this phase. To achieve funded status, traders only need to meet the 10% profit target without violating the maximum daily or maximum loss limit rules.

Upon completing the evaluation phase, traders receive a funded account with no minimum withdrawal requirements. Adherence to the 3% maximum daily loss and 6% maximum trailing loss rules is crucial. The initial payout is 7 calendar days from placing the first position in the funded account, with subsequent withdrawals accepted weekly. Profit splits range from 80% to 90%, determined by the profits generated in the funded account.

Add-ons for The Funded Trader’s Knight Challenge

– 4% Maximum Daily Loss
– 7% Maximum Trailing Loss

Knight Challenge Scaling Plan

The Knight Challenge comes with a scaling plan. If a trader is profitable for at least two out of the last three months, with an average return of 6% over the three-month period or a 2% return each month during the three-month period, they become eligible for an account size increase equal to 25% of the initial account size. The profit split increases to 90%, and the maximum daily loss increases to 4% (if not purchased as an add-on) after the trader scales their Knight Challenge for the first time.

Example:

– After 3 Months: A qualified $100,000 account increases to $125,000.

– After the Next 3 Months: A qualified $125,000 account increases to $150,000.

– After the Next 3 Months: A qualified $150,000 account increases to $175,000.

Knight Challenge Trading Rules & Objectives

– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.

– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%. (4% with Add-on or after scaling for the first time)

– Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%. (7% with Add-on)

– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.

The Funded Trader Dragon Challenge offers traders the chance to handle account sizes ranging from $5,000 to $200,000. The goal is to identify disciplined and profitable traders who can effectively manage risk in a three-step evaluation. The Dragon Challenge is split into two types: Regular and Swing. In the Regular Dragon Challenge, trade with leverage up to 1:100. For the Swing Dragon Challenge, use up to 1:30 leverage. The only difference is that with the Swing Challenge, you can keep positions over the weekend, while the Regular Challenge requires you to close all positions. Unlock your potential with the Dragon Challenge!

Account Sizes

– $5,000 – $49
– $10,000 – $99
– $25,000 – $135
– $50,000 – $205
– $100,000 – $355
– $200,000 – $495

Evaluation phase one requires a trader to achieve an 8% profit target without exceeding the 5% maximum daily loss or 10% maximum loss rules. During phase one, there are no set minimum or maximum trading day requirements. To advance to phase two, traders only need to attain the 8% profit target without breaching the daily or maximum loss limit rules.

For evaluation phase two, traders aim for a 5% profit target without surpassing the 5% maximum daily loss or 10% maximum loss rules. Similar to phase one, there are no specific minimum or maximum trading day requirements. To proceed to phase three, traders must reach the 5% profit target without violating the daily or maximum loss limit rules.

Evaluation phase three requires achieving a 5% profit target without exceeding the 5% maximum daily loss or 10% maximum loss rules. As in the previous phases, there are no minimum or maximum trading day requirements. To attain funded status, traders need to reach the 5% profit target without breaching the daily or maximum loss limit rules.

Completing all three evaluation phases earns traders a funded account with no minimum withdrawal requirements. Adherence to the 5% maximum daily loss and 10% maximum loss rules is essential. The initial payout is 7 calendar days from placing the first position in the funded account, with subsequent withdrawals accepted weekly. Profit splits range from 75% to 95%, determined by the profits generated in the funded account. Additionally, traders can scale their maximum daily drawdown up to 7% and maximum drawdown up to 7%. The maximum loss rule increases by +1% with each successful withdrawal, up to a maximum of 14%. Unlock your potential by completing all three phases!

Dragon Challenge Trading Rules & Objectives

– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 and Phase 3 require reaching a profit target of 5%. Funded accounts do not have any specified profit targets.

– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%. (Scaleable up to 7%)

– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%. (Scaleable up to 12%)

– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.

– No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Swing Dragon Challenge can hold trades during the weekend)

DRAGON CHALLENGE SCALING PLAN

Proof of Payment

The Funded Trader, established on May 12, 2021, is a proprietary trading firm boasting a thriving community of traders who have achieved funded status and qualified for profit splits.

While engaged with The Funded Trader and achieving funded status through the Standard, Rapid, or Royal Challenge, your first payout becomes eligible after 21 calendar days for the Standard Challenge, 14 calendar days for the Rapid Challenge, and 30 calendar days for the Royal Challenge (14 calendar days with Add-on). Following the initial payout, subsequent payouts are available every 14 calendar days if you exceed the initial account size. Your profit split ranges generously from 80% to 90%, determined by the profits generated on your funded account.

Conversely, when working with The Funded Trader and reaching funded status with the Knight or Dragon Challenge, your first payout is eligible after only 7 calendar days. After the first payout, you can receive subsequent payouts every 7 calendar days if you exceed the initial account size. The profit split for the funded Knight Challenge is a generous 80% to 90%, while the Dragon Challenge offers an even more generous profit split of 75% to 95%.

For evidence of The Funded Trader’s payment reliability, you can find payment proof on various websites, including Trustpilot, where traders share their experiences and successful payout processes. Another source of payment proof is their Discord channel, showcasing numerous payout certificates from the most successful traders.

Explore the images below for examples of payout certificates and payment proof.

Note: These payouts is not ours.

Conclusion

In conclusion, The Funded Trader is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the Standard, Rapid, and Royal Challenges, which are a two-step evaluation, the Knight Challenge, which is a one-step evaluation, and the Dragon Challenge, which is a three-step evaluation.

The Funded Trader’s Standard Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 3 calendar days in each evaluation phase. Finally, it’s essential to note that the Standard Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

The Funded Trader’s Rapid Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Rapid Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

The Funded Trader’s Royal Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. Finally, it’s essential to note that the Royal Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

The Funded Trader’s Knight Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Knight Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

The Funded Trader’s Dragon Challenge is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 75% up to 95% profit splits. Traders must reach profit targets of 8% in phase one, 5% in phase two, and 5% in phase three to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Dragon Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend The Funded Trader to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as add-ons for specific Challenge accounts, unlimited trading periods, weekly and bi-weekly withdrawals, and an affordable Dragon Challenge. After considering everything The Funded Trader has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.

The Funded Trader (5% Discount: PROPFTRADING) Details

Trading Platforms

MetaTrader5
MetaTrader4

Deposit Methods

Crypto, Debit/Credit Card

Withdrawal Methods

Bank Transfer, Crypto, Plane, Wise

Account Size

$5.000, $10.000, $25.000, $50.000, $100.000, $200.000, $300.000, $400.000

Tradable Instruments

Commodities, Crypto, Forex, Indices,  Metals

Rules

Maximum Daily Loss, Maximum Loss,  Minimum Trading Days, No EAs Allowed, No Martingale Allowed, Profit Target

Brokers

Eightcap, Purple Trading Seychelles, ThinkMarkets

Account Currencies

USD

Trading Programs

One Step Challenge, Two-Step Challenge, Three-Step Challenge

Incorporation

May 2021

CEO

Angello Ciaramello

What is Prop Firm Trading?

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