Discover what the internet is saying about The Funded Trader.
Yay or nay?
Upgraded Reviews scanned the web to find out what real users are saying about The Funded Trader.
See the highlights below and decide for yourself!
Table of contents
- ✅ Pros
- ❌ Cons
- ⚖️ Summaries
- 💸 Top Discount
✅ Pros
“It has over 5k Trustpilot reviews with an excellent score of 4.7/5.”
“Compared to its competitors, the Program may offer traders more flexibility than traditional trading firms.”
“It gives freedom in trading strategies and use of advisors.”
“Even before you factor in the Funded Trader’s frequent discounts, they are typically 20% or more cheaper than FTMO.”
“The new Knight Challenge offers a one-step evaluation.”
“Availability of scaling plan is a plus.”
“The platform offers a range of challenge types, allowing traders to choose the one that best suits their trading style and objectives.”
“The Funded Trader offers low, refundable challenge access fees compared to other prop trading firms.”
“It promises refundable account fees.”
“It arranges exciting events and competitions.”
“If traders fail at any phase, they can retry the challenge, allowing them to learn from their mistakes and apply improved strategies.”
“A standard account has just three minimum trading days, or you can opt for a Rapid account, with no minimum trading days at all.”
“Eightcap provides diverse trading instruments, such as currencies, indices, commodities, and gold.”
“The maximum leverage level is high: up to 1:200.”
“Partners initially receive 80% of the net profit, which can be increased to 90% over time.”
“The platform ensures quick processing of profit withdrawals, with multiple payment methods available.”
“There are multiple models to choose.”
“A wide variety of trading platforms are available, including MT4, MT5, and TradingView.”
“Multiple Trading Platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.”
“Four different funding program options are available.”
“The platform offers four account types with various subtypes, enabling a wide range of balances.”
“Tons of payout methods are available.”
“In case traders fail any phase, they can retry the challenge.”
“A variety of ways are available to obtain a funded account.”
“Traders can utilize any trading strategy and use their advisors without limitations.”
“It allows unlimited evaluation free retries.”
“Trading instruments, such as currencies, indices, commodities, and gold are provided by Eightcap.”
“The 4 types of programs offered are very adaptable to any type of trader.”
“The Funded Trader Program provides traders with access to trading capital that they may not have access to otherwise.”
“The platform does not forbid any trading strategies except those that abuse demo mode.”
“The Funded Trader Program provides traders with an opportunity to earn a share of the profits that they generate through their trading activities.”
“The Standard Challenge has much more accessible risk criteria than other prop firms: 5% daily drawdown and 10% total drawdown.”
“A max daily drawdown of 6% and an overall max drawdown of 12% makes The Funded Trader one of the most generous in the industry.”
“It typically has strict risk management rules and guidelines in place, which can help traders to manage their risk effectively.”
“EA’s, copiers, and risk management tools are allowed.”
“Overnight and weekend holding is allowed.”
“Traders have access to a diverse catalog of financial instruments, including Forex, Metals, Commodities, Indices, and Cryptocurrencies.”
“It has good customer support.”
“The Funded Trader offers a good profit split.”
“The Funded Trader software also evaluates traders’ performance based on their trading results.”
“The Funded Trader offers a high leverage level of up to 1:200, allowing for larger trading positions.”
“Partners of the prop firm receive 80% of the net profit; later, the split can be increased to 90%.”
“The Funded Trader’s max daily drawdown (6%) and overall max drawdown (12%) on their standard account are among the most trader-friendly in the industry.”
“A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies) are available.”
“The Funded Trader’s commitment to processing payouts within 24 hours ensures that traders can access their profits promptly, enhancing their overall trading experience.”
“The Funded Trader doesn’t outlaw any trading strategies beyond those that take advantage of the demo mode environment.”
“Though you will have to pay to participate in the challenge of your choosing, The Funded Trader is still cheaper than many other platforms, including SurgeTrader.”
“There are fewer trading rules than in other prop firms and they are easy to understand.”
“Funded Trader’s drawdowns are very trader-friendly.”
“Big profit splits can reach 90%.”
“The potential to scale up to $1.5 million in virtual funds is an attractive feature for traders who excel in the funded phase.”
“The Standard Challenge has more lenient risk criteria compared to other prop firms, providing a lower risk threshold.”
“It gives you the ability to repeat a challenge.”
“The Funded Trader has an excellent rating of 4.7 of 5 from over 6600 user reviews on Trustpilot.”
“It offers max 90% profit splits.”
“Massive account sized are up to $ 200,000.”
“The Funded Trader comes with a default 80/20 payout and the potential to reach a 90/10 profit split, making it one of the highest-paying prop firms on the market.”
“Trading platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.”
“The Funded Trader has a Discord channel with more than 50,000 active members—great for getting trade ideas, learning new trading techniques, figuring out the rules, and generally supporting one another.”
“The platform fully refunds its challenge fees.”
“It offers high leverage of up to 200:1.”
“The availability of multiple payout options, including popular choices like Paypal and Coinbase, offers convenience and flexibility to traders when accessing their earnings.”
“Four account types with subtypes allow for a wide range of balance.”
“The evaluation process, including the Challenge and Verification phases, helps traders develop and refine their strategies while minimizing real financial risk.”
“Four account types are available with several subtypes allow a wide range of balance.”
“The new Knight Challenge offers a one-step evaluation with no minimum trading days.”
“The Funded Trader boasts a Discord channel with more than 50,000 active members. This can be utilized for sharing ideas, insights, and knowledge.”
“It offers default 80/20 payout and potential for 90/10 split.”
“The Funded Trader doesn’t outlaw any trading strategies.”
“Once you pass the evaluation, you’ll have your sign-up fees refunded.”
“TFT offers four challenges. The Knight Challenge, however, offers a one-step evaluation process with no minimum trading days.”
“The Funded Trader has a Discord channel with more than 50,000 active members.”
“The Funded Trader is home to a vibrant community of traders.”
💸 Top Current Discount
❌ Cons
“The availability of educational resources on The Funded Trader platform is relatively limited.”
“There is no free trial (yet).”
“Once you pass the Challenge the funded account remains a demo account and they reserve the right at their discretion to copy or not copy trades in the real market.”
“The Funded Trader Program typically has strict rules and guidelines in place for traders to follow, including risk management rules, maximum daily loss limits, and trading time frames. These rules can be restrictive for traders who prefer more flexibility in their trading.”
“The amount of capital that traders can access through the Funded Trader Program may be limited, depending on the program and firm.”
“It has cheesy video game site design.”
“To progress through the evaluation process, traders must adhere strictly to the platform’s rules and guidelines. Deviations could lead to disqualification.”
“The website is translated into four languages: English, French, Spanish, and Portuguese. Technical support is available exclusively in English.”
“It has shorter track record (since 2021) than other competitors.”
“Funded accounts stay in demo mode: Your percentage of the profits will be very real, but you’ll never be in the real market.”
“Cryptocurrency trading is only possible during the challenge.”
“Customer support is not up to the mark.”
“It takes high commision.”
“Commissions and spreads are a bit high on some financial instruments (vary slightly depending on the broker chosen).”
“The platform’s commitment to simulating real market conditions can result in increased slippage during periods of high volatility.”
“There is lack of educational resources.”
“There are instances where commissions and spreads on certain financial instruments are considered higher compared to other platforms.”
“No demo accounts are available.”
“Some traders have reported an increase in spreads and slippage recently; the Funded Trader has addressed the issue with their platform providers and things seem to be improving.”
“There is no free trial or demo checking option.”
“Technical support is available exclusively in English, limiting accessibility for non-English speakers.”
“Limited trading instruments are provided by Eightcap.”
“Despite website translations in four languages, technical support is only available in English.”
“The Funded Trader does not offer a free trial.”
“There is a lack of educational resources.”
⚖️ Final Say
Read the summaries of what reviewers think about The Funded Trader below.
“The Funded Trader stands out as a reputable prop firm offering funded accounts to skilled traders. With its adaptable programs, high leverage, and positive user rating, it presents an attractive opportunity for traders looking to scale their trading efforts.”
“In conclusion, The Funded Trader appears to be a promising platform for aspiring traders seeking to gain experience, earn virtual profits, and potentially scale their trading endeavors. Traders should carefully assess their own skills and risk tolerance before embarking on this journey, but for those who are prepared, The Funded Trader offers a compelling opportunity to thrive in the world of online trading.”
“Be informed that the Funded Trader Program can be a valuable opportunity for traders who are looking to trade with a funded account and potentially make a profit without risking their own capital. And at the same time, the program’s rules and requirements can be challenging, and not all traders may be successful in meeting them. Hence, it’s important for traders to do their research and consider their own goals and circumstances before deciding if the program is worth the investment.”
“In conclusion, The Funded Trader offers a platform catering to various trading styles, strategies, and experience levels.”
“The Funded Trader has captured traders’ hearts with the industry’s best prices, obtainable profit targets, generous drawdowns, big profit splits, and the best trading community. Check out the Funded Trader for a great place to start your forex trading career.”
“The Funded Trader is well worth consideration for anyone exploring prop firm options. It has competitive pricing, flexible payouts, and numerous ways to obtain your funded account. Plus, The Funded Trader is definitely not a scam, with a 4.7/5 score on Trustpilot.”
“The Forex Prop Trading industry is a blessing for traders who want to scale up. And to scale up you certainly need a firm like The Funded Trader which has been a perfect match, at least for me. You don’t necessarily need to be dramatic to express your emotions and excitement when you get the desired service from a firm you hoped for.”
“The Funded Trader is an exceptional platform for traders of all levels to consistently make profitable trades. One of the best features is the ability to get funded in multiple ways–the four different challenges. The lucrative profit splits make it an attractive choice for all of us in this new generation of traders.”
“Thanks to its 4 different programs and account sizes it can be perfectly adapted to many different trader profiles. It is one of the prop firms with the most affordable risk requirements (e.g. in the Standard Challenge programme it allows a 5% daily drawdown and a 10% total drawdown). Other prop trading firms such as Topstep have stricter risk criteria (2% Daily loss limit / 4% or 3% Max trailing drawdown).”
“Overall, the funded trader program can turn out to be a blessing for a trader who manages to sail through the 2 phase trading challenges and gets a green signal to trade with a funded account balance of $150,000. Along with this, the prop firm also provides the best trading conditions with a partner broker of eight caps giving the most advanced trading platforms of MT4 and MT5 and taking home big profits and a great trading experience.”
“The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.”
“The Funded Trader Program is one of the better prop trading programs available. It offers its traders a multitude of account and challenge options, showing impressive flexibility in its rules. Those trading with the Funded Trader Program can secure accounts of $400,000, but the platform allows them to scale up to $600k. To scale up an account, traders must ensure that its balance is equal to its starting balance by withdrawing the profits above this limit.”
“The Funded Trader offers an exciting platform for traders looking to engage in the forex market. It provides a varied set of trading instruments, and an opportunity to experiment with different trading strategies.”
“The Funded Trader is a great option for traders looking for a low-cost way to get funded. The platform offers generous profit splits, lax trading rules, and a supportive community. While there are some drawbacks, such as the demo mode environment and occasional issues with customer service, the overall benefits outweigh the negatives.”
“The Funded Trader is a reliable prop trading firm with the TU Overall Score of 7.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The Funded Trader clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the firm’s clients are mostly satisfied with the company. The Funded Trader ranks 4 among 32 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.”