The Funded Trader was founded in May 2021 by Angelo Ciaramello, Blake Olson, and Carlos Rico Jr. It’s based online, letting traders test their skills in a simulated trading setup. They offer challenges where traders can prove themselves to get a “funded” account, with earnings based on demo trading performance.<\/p>\n\n\n\n
The platform mainly supports Forex, commodities, indices, and crypto instruments, with accounts like Standard, Royal, Knight, and Dragon challenges that each come with different rules on profit targets, drawdowns, and trading styles.<\/p>\n\n\n\n
Our Trading Funder team notes that The Funded Trader has a Trustpilot score of 3.5 out of 5 from over 20,000 reviews. Positive feedback highlights the straightforward setup, responsive customer support, and fast payouts after meeting trading targets. Many users also value the detailed guidelines and active community support, especially on Discord. On the negative side, some users report sudden rule changes, technical issues with platforms like DXTrade, and delays in resolving account or payout concerns. Others felt certain restrictions limited their ability to progress and access payouts smoothly.<\/p>\n\n\n\n
Key advantages of The Funded Trader include a variety of challenge types, fast payout options, and an active support team with good community engagement on Discord. They allow trading with high profit splits, up to 95%, and support several trading platforms for flexibility. On the downside, some users report occasional rule changes, which can feel restrictive, and technical issues on specific platforms like DXTrade. A few also mention slow resolution times for certain account or payout issues, which can disrupt trading flow\u200b\u200b\u200b.<\/p>\n\n\n\n
The Funded Trader offers account types like Standard, Rapid, Royal, Knight, and Dragon, each with different rules for drawdowns and profit targets. Prices range from around $49 for smaller challenges up to about $939 for larger accounts. Traders access these accounts on platforms like cTrader, DXTrade, Match-Trader, and Platform 5, with availability depending on location\u2014some are U.S.-only, while others are international\u200b\u200b\u200b.<\/p>\n\n\n\n
The Funded Trader’s rules include a 3-5% Daily Loss Limit and a 6-10% Maximum Drawdown, with leverage up to 1:100 for Forex. Weekend holding is allowed on some accounts, like Royal and Knight Pro, and news trading is also permitted for these. Hedging and EAs are allowed on most platforms, while copy trading has specific guidelines. Consistent traders can scale up their balance by 25% every three months, reaching up to $1.5 million\u200b\u200b\u200b.<\/p>\n\n\n\n
In this article, our Trading Funder team offers an in-depth review of The Funded Trader, covering its main features, account options, and trading rules to help guide your experience with this prop trading firm.<\/p>\n\n\n\n