Funding Traders Review
3.5

Funding Traders Review

Funding Traders is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Funding Traders is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Pros
  • Provides very favorable conditions
  • No time limits enforced
  • Enables trading based on news events
  • Allows maintaining positions throughout weekends
  • Boasts highly competitive pricing
  • Delivers outstanding user assistance
Cons
  • Strict rules may present difficulties, even for skilled dealers
  • Newly established
  • Two payment types only

What is Funding Traders?

Funding Traders was established in 2023 to recognize and assist traders who consistently generate profits. Operating in financial centers like Miami, Dubai, and the United Kingdom, they are fully integrated into the world’s leading financial markets.

The Prop Trading Firm primarily focuses on developing promising trading talents. They carefully identify and develop traders with outstanding potential, offering them a wide range of resources and capital. 

This allows them to enhance their talents, succeed in their respective industries, and reach their financial objectives. Funding Traders value quality over quantity in their thinking. They prioritize selectivity in their pursuits.

logo of Funding Traders.

Funding Traders Funding Programs and Challenges: Rules and Requirements 

Upon registering with Funding Traders, individuals are required to complete one of their tasks to showcase their trading talents and methods. Participants opting for the normal challenge account must achieve a 10% profit without allowing their account size to go below 5-10% throughout the evaluation period. Funding Traders provides two challenge options: the 1-step and 2-step tasks.

Traders participating in the 1-step regular challenge need to make a 10% profit while adhering to a daily drawdown limit of 4% and an overall drawdown limit of 5%. The trailing is based on the highest balance. The 2-step challenge necessitates traders to complete two phases before receiving funding. 

During the initial phase, they are required to achieve a 10% target, and in the subsequent phase, they must reach a 5% target. The drawdown restrictions are slightly elevated in comparison to the 1-step challenge, set at a daily drawdown of 5% and an overall decline of 10%, both based on the balance. The drawdown is reset daily.

Both challenges allow withdrawals after 7-14 calendar days, depending on the selected funding option.

Funding Amount $10,000$50,000$100,000$200,000$300,000$500,000
Profit Target $10,00$50,00$10,000$20,000$30,000$50,000
Max Daily Loss $500$2,500$5,000$10,000$15,000$25,000
Max Overall Loss $1,000$5,000$10,000$20,000$20,000$50,000
Min. Trading Days 111111
Stop-loss Required No No No No No No 
Trading Leverages1:1001:1001:1001:1001:1001:100
One-time Fee (Refundable)$100$300$550$1,000$1,500$2,500

Initiating a trading enterprise with Funding Traders entails three fundamental procedures. Each phase is crafted to assist traders in attaining success in the forex market and provides numerous advantages throughout the process.

Step 1: Standard Challenge

The initial task is to reach a profit goal of 10% while maintaining the account size above 5-10%.

Step 2: Live Account

Upon successful completion of the challenge, traders transition to becoming financed traders. Funded traders have the benefit of keeping 100% of the gains they make from their transactions.

Step 3: Payout

Traders can anticipate receiving their payments within 7 days after completing their initial live deal. Funding Traders provides a return bonus in addition to the payments, serving as an extra incentive for traders who succeed.

Funding Traders Broker: Do They Use a Reliable Platform? 

Funding Traders is a superb site for novice forex traders. It provides a variety of perks specifically designed to help them succeed. Funding Traders provides traders with the resources and support needed to succeed in the forex market through a profit-sharing model, experienced training, and a focus on risk management.

Funding Traders is a great resource for beginners in trading. Their program includes clear trading strategy, extensive materials for quick learning, and a friendly community of like-minded traders. Traders can utilize Funding Traders’ capital to gain expertise without endangering their assets.

Overall, Funding Traders provides an excellent chance for inexperienced and advancing traders. If traders are passionate about forex trading and want to improve their abilities in a practical, low-risk setting, consider exploring Funding Traders as a crucial step towards reaching the goals.

Funding Traders Fees: How Much Do They Charge? 

Traders have the option to select between two payout methods: bank transfer or cryptocurrency. For those opting for bank transfers, it’s necessary to establish a Deel account as an independent contractor and link it to their bank account. Bank transfers typically take between 1 to 5 business days to process.

Alternatively, the cryptocurrency method is available for traders residing outside of Deel’s approved countries, offering instant fund transfers.

Funding Trader’s Proof of Payment:

Funding Traders provides a range of trading accounts for new traders to select from, distinguishing itself from its competitors. There are six common account options available for various investment levels.

The Beginner account starts with a $50 membership fee and a $5,000 initial investment. The highest-tier account, “Superior,” provides $200,000 in funds but has a substantial charge of $1,000. Both the “Superior” and “Advanced” programs provide access to the weekly market preparation webinar.

Funding Traders provides four premium programs for traders looking for more advanced alternatives. The “Expert” entry-level option offers $300,000 in funding for a charge of $1,500. This approach incorporates a weekly market preparation webinar and quarterly trading review teleconference. 

The “Apex” scheme necessitates a $10,000 fee and guarantees $2,000,000 in funding. Traders who upgrade to the “Expert” plan receive a 30-minute discovery call with 25-50 trades, in addition to the plan’s regular benefits.

Traders who choose the “Elite” and “Apex” plans are required to participate in an interview with Funding Traders’ CEO, Stan G., and complete a two-phase challenge process to showcase their trading skills and eligibility for the program.

Phase 1 of the challenge establishes a profit goal of 10%, limits daily losses to 5%, and sets an overall maximum loss of 10%. The minimum trading duration is two months but can be extended to a maximum of six months. Phase 2 keeps the same criteria, except for a lower profit goal of 5%.

Funding Traders Customer Support: 

Funding Traders offers various avenues for traders to contact their customer service representatives for support or queries. Traders can communicate using live chat, a contact form, Twitter, Discord, or email at help@fundingtraders.com. Additionally, they have an extensive FAQ section to address typical inquiries. The firm had a wonderful experience with their live chat crew, as they were responsive and timely in their responses.

What Makes Funding Traders Unique? 

Funding Traders is a leading forex proprietary trading organization that provides substantial funds to traders, allowing them to execute substantial transactions and attain increased profits. This method eliminates the financial constraints traders encounter, enabling them to concentrate on enhancing their trading tactics for maximum effectiveness.

Traders at Funding Traders have access to state-of-the-art technology and specialized tools designed to meet their specific requirements. The offerings consist of up-to-the-minute market data, sophisticated predictive analytics, strong risk management solutions, and crucial trading tools, providing traders with a competitive edge in the forex market.

Funding Traders is dedicated to continuously educating and enhancing the skills of its traders. It provides a wide range of instructional resources and training programs for traders at all skill levels, aimed at improving their market knowledge and perfecting their risk management strategies.

Whether traders are novices or experienced traders in the forex market, Funding Traders provides them with the essential materials for success in their trading activities. Funding Traders provides traders with funding, advanced technology, educational assistance, and continuous coaching to help them achieve higher levels of success in trading.

Funding Traders Reviews: What Do Their Customers Say?

On Trustpilot, Funding Traders has 4.6 stars out of 5 stars, and a total of 414 customers reviewed them there. They are a verified company on Trustpilot. 

Funding Traders Trustpilot

#1. Luis Camps said that the company offers excellent customer care and is always willing to assist. Grateful to Cryptosensei, Cbi-wan, and Rob for consistently assisting him with any problems or inquiries. Their payouts are prompt and effortless. They consistently host several freebies and tournaments. He highly recommends Fundingtraders.

Funding Traders review

#2. According to OnlyOneJay, the firm is excellent, with wonderful assistance and an outstanding community. Very prompt in answering. Obtained their account, showing unprocessed data with numerous evidence of payments. He hopes to receive funding and meet the payout threshold to earn a 5-star review: excellent work, Obi-wan and the entire team.

Funding Traders reviews

#3. WANNABEXXXXX states that this is the worst experience they have had with Propfirm so far. He is encountering significant delays for the first time in an MT5 platform. He initially believed the issue was with his internet connection, but when he switched to his second proprietary corporate account, it functioned well. 

The chart update for financing traders is significantly delayed. It is not in real-time. It keeps freezing repeatedly. His most challenging experience to date, out of all four props he has tried. It was the first community he had entered where there was no active moderator in their general chat.

Funding Traders complaint

#4. Nyan Lin advised against using this website. He purchased a $5,000 account and exceeded the profit target, earning $800. However, the website’s dashboard incorrectly indicated that he failed the challenge despite surpassing the profit target. He reached out to customer service on Discord, who simply placed the responsibility on me and took no action. The customer service was subpar. 

The individual consistently evades my inquiries and issues, while solely attributing blame to me. The customer service was also terrible. The individual displays impolite behavior and communicates rudely. Ultimately, they took no action, which infuriated me, and he earned $800 in profit without justification. This website is a hoax.

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Conclusion

Funding Traders is a leading proprietary trading organization that provides a of plans for potential traders. There are 10 distinct programs available with varied trading money and costs, offering flexibility to accommodate individual tastes. Traders can profit from a wide variety of assets for trading, coaching from experienced specialists, and access to abundant knowledge sources.

Funding Traders offers an attractive 25% growth scaling plan for experienced forex traders seeking to enhance their skills. Funding Traders is an outstanding option for inexperienced and seasoned traders because of its fantastic customer service and prompt withdrawal process.

Funding Traders is a great choice for traders seeking success in the forex market. They provide an attractive profit-sharing model, skilled guidance, and a strong dedication to risk management.

Funding Traders Review Details

Account size up to:
$200,000
No Time Limits Enforced
*Choose your account type and start trading

4.0
Fees
4.0
Trading Platforms
3.0
Deposit and Withdrawal
3.0
Customer Support
3.5 Overall Rating

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Funding Traders Review
3.5/5
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