Funder Trading Reviews

What is Funder Trading?

Funder Trading focuses on stock and options trading, distinct from Forex or Futures trading. They primarily concentrate on educating and mentoring traders, offering proprietary tools, straightforward tactics, and rule-based approaches to risk management for consistent profitability. 

Traders have the opportunity to participate in a live trading room led by expert trader Michael Patton, where they can gain insights into daily tactics, trades, and critical lessons. Funder Trading operates on an 80% capital-sharing approach to promote mutual success and is open to traders of all skill levels. Traders can access a minimum of $100,000 in money for stocks and options accounts to start trading immediately following funding.

Funder Trading Funding Programs and Challenges: Rules and Requirements 

The Funded Trader stands out by offering a distinctive assessment method consisting of four distinct tasks, each designed to accommodate different trading styles and goals.

Standard Challenge: Experienced traders can participate in the Standard Challenge, which has a daily drawdown restriction of 6% and a maximum downside of 12%. There is also an opportunity for profit-sharing within the first month.

Rapid Challenge: This challenge focuses on quickness, aiming to distribute profits within a two-week timeframe. It employs a balance-based daily drawdown strategy that allows traders to maintain trades and potentially increase profits through compounding.

Royal Challenge: It allows the employment of Expert Advisors (EAs) and does not impose any limitations on lot sizes, providing flexibility. The system allows for a maximum drawdown of 10% and aims for a profit of 8%, giving traders more strategic flexibility.

Knight Challenge: This expedited challenge involves a single qualification phase and rewards are processed within 7 to 10 days.

The Funded Trader charges a one-time sign-up fee that is fully refundable if the trader completes their evaluation and obtains a funded account.

Standard Challenge

Account size	Refundable one-time fee
$5,000	$65
$10,000	$129
$25,000	$199
$50,000	$299
$100,000	$499
$200,000	$939
$300,000	$1469
$400,000	$1,879

Rapid Challenge 

Account size	Refundable one-time fee
$5,000	$79
$10,000	$129
$25,000	$229
$50,000	$299
$100,000	$499
$200,000	$899

Royal Challenge

Account size	Refundable one-time fee
$50,000	$289
$100,000	$489
$200,000	$939
$300,000	$1,399
$400,000	$1,869

Knights Challenge 

Account size	Refundable one-time fee
$25,000	$189
$50,000	$289
$100,000	$489
$200,000	$939

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific time.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aims, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

– Profit targets: A predetermined proportion of the account balance that traders must meet.

– Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.

– Minimum trading days: The number of active trading days required throughout the challenge period.

– Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Funder Trading Brokers: Do They Use a Reliable Platform? 

Traders utilizing The Funded Trader can choose their broker from a selection that includes Eightcap, ThinkMarkets, & Purple Trading. They have the option to select between trading platforms MT4 and MT5.

Funder Trading Fees: How Much Do They Charge? 

To qualify, traders must select a trading challenge and an account balance level before they can access The Funded Trader. The parameters of the challenge will vary according to the chosen account size, which will also have an impact on the registration cost.

Traders must pay a charge to take part in the challenge, but The Funded Trader will reimburse them if they become a Funded Trader. For a comparison of registration fees for various account sizes, see the Registration Fee comparison table below.

Standard, Rapid, Royal, and Knight are the four unique Evaluation Challenges offered by The Funded Trader. The trading rules, profit targets, and time constraints set these tasks apart.

Traders will find that The Funded Trader offers attractive options for both account balance and charge structures. An important benefit is that the starting points for both account sizes and costs are substantially lower when compared to comparable products from other firms.

Furthermore, depending on the challenge type selected, The Funded Trader provides a wide range of beginning balances, from $5,000 to $400,000.

Thus, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms also offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Be sure to check out the best forex prop firms in the US to see more options.

Key Considerations

– Value for Money: Traders must assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.

– Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.

– Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Funder Trading Proof of Payment:

The Funded Trader constantly shares new evidence of payouts on Discord, Instagram, YouTube, and other social media platforms.

Funder Trading Customer Support: 

Contact The Funded Trader through their Discord link, email at support@thefundedtraderprogram.com, or toll-free phone number (888) 920-3079. Traders can also mail them to 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

What Makes Funder Trading Unique? 

Examine the alluring attributes offered by Funder Trading and uncover the thrill associated with them. Funder Trading is a thrilling prospect for experienced traders looking for higher returns on their capital as well as for newcomers hoping to cash in on openings. Among these characteristics are:

Cutting-Edge Trading Platform: Complete Analytics Suite & Dashboard; Individual Risk Manager & Risk-Analysis Tool; Collection of High-Quality Trading Education Videos

VIP Help Desk Personalized, Skilled Prop Coaching with Mike Patton, Based in Chicago

Funder Trading Reviews: What Do Their Customers Say?

Funder Trading has a rating of 3.8 out of 5 stars on Trustpilot. It also has been reviewed by 2 people. 

#1. Khaled A stated that Tarek and the Funder Trading Team,

He wanted to convey his gratitude for the amazing opportunity their trading program has given him. After an extensive quest to enhance my skills and become a successful trader in stocks and options, he ultimately discovered the solution in the Funder Trading program. The Funder trading program has significantly impacted my trading experience. It has enabled him to fully engage in the trading industry and establish himself as a trader. 

The program’s organization and the assistance from the committed personnel have been crucial in his progress. He is particularly struck by the team’s high degree of focus and dedication. They consistently offered direction and answered his inquiries, enabling him to remain focused and make well-informed trading choices. 

He boldly asserts that he is progressing towards becoming a profitable trader and is grateful for the knowledge and skills acquired through this training. The reviewer ends with “Thank you, Tarek and the entire Funder Trading team for this fantastic opportunity.”

#2. Mitch G stated that Tarek was really helpful during the entire training program understanding stock and options. With approximately 3 years of expertise, the individual found the training to be extensive, significantly enhancing their understanding beyond their expectations. Extremely thankful to the whole team.

Conclusion

Funder Trading is a reputable proprietary trading company that provides a dependable chance for traders of all levels of experience. The company offers a platform where novice traders can strengthen their skills and trade with increased capital, while experienced traders can improve their performance without jeopardizing their assets. Funder Trading has gained popularity due to an increasing number of investors participating in the program. It is crucial to understand that not all individuals get admitted to the program.