TFT Summary

the-funded-trader-key-features-review
💳 Audition Fees $49 – $1390
💰 Profit Split 75% – 95%
💵 Account Size 5K – 200K
📊 Trading Platforms MT4, MT5, cTrader, Match-Trader
🛍️ Markets Offered Forex, Commodities, Indices, Crypto
 

The Funded Trader Promo Codes and Offers

Here are The Funded Trader’s current promo code:

  • TFTDECEMBERALL: 7.5% off all challenges and account sizes until the 14th December! 87.5% profit split + challenge bonuses.

The Funded TraderProp Firm Details

One Phase Evaluation

Two Phase Evaluation

Instant Funding

Scaling PlanMax 2.5m

Fees From$49

Account Sizes5K -200K

Min Forex SpreadNA

Commission Fee$4

Max Daily Loss3% - 10%

Profit Targets4% - 10%

Profit Share75% – 95%

Trading Platforms

Consistency Rules

Compulsory Stop Loss

High Impact News Trading2 min window

Expert Advisors / Automated Trading

FOREX

INDICES

COMMODITIES

CRYPTO

SHARES

COUPON CODES

TFTBLACKFRIDAYPRO: 50% off*

Dragon 100K

Our Rating7/100

Funding$100,000

Fee$355

Dragon 50K

Our Rating6.9/10

Funding$50,000

Fee$205

Our Take on The Funded Trader (TFT)

The Funded Trader is a proprietary trading firm (aka prop firm) that presents a wide array of challenges, offering flexibility in account sizes and customisation options with add ons. However, the prop firm’s average score of 65/100 is because of several limitations, including a 1-3 day wait for customer support responses and a low Trustpilot score of 3.3 stars.

High commission fees and confusing challenge types also detract from the overall experience, especially if you prioritise clear costs and straightforward processes. While the variety of challenges might appeal to experienced traders, others may find these drawbacks affect the prop trading firms usability and appeal.

The Funded Trader Pros and Cons

Pros
  • 200K challenge accounts
  • Established Discord
  • Scaling to 5 million
Cons
  • Confusing challenge types
  • Low TrustPilot score
  • $25 fee for cTrader

The Funded Trader


Our Rating

The overall rating is based on review by our experts

65
Challenges
8 / 10
Spreads
6 / 10
Markets
7 / 10
Payouts
6 / 10
Platforms
7 / 10
Trust
5 / 10

The Funded Trader Programs

The Funded Trader offers a variety of challenges featuring one-step, two-step, and three-step evaluations, with add-ons available to customise payout frequency, enable automated trading, and adjust risk parameters.

Navigating these options can feel overwhelming on The Funded Traders website, especially given the varying features, drawdown limits, and profit targets for each challenge type. Without a clear overview, comparing these options directly can be difficult.

  • Knight Challenge – One Step: Suited for traders seeking a simple, low-risk evaluation with minimal steps.
  • Knight Pro Challenge – One Step: Great for traders needing flexibility on payout timing without additional add-ons.
  • Rapid Challenge – Two Step: Ideal for those wanting a two-step process with faster payout options.
  • Royal Challenge – Two Step: Best for traders comfortable with structured drawdowns and longer payout intervals.
  • Standard Challenge – Two Step: Perfect for automation-focused traders, with an EA add-on for automated strategies.
  • Dragon Challenge – Three Step: Suits experienced traders who want a rigorous, multi-phase evaluation with a high profit share.

Our table below cuts through the complexity by summarising key features and add-on options for each challenge.

By outlining fees, account parameters, and flexibility choices side-by-side, this breakdown aims to help prop traders more easily identify the best fit for their strategy.

ChallengeEvaluation PhasesAccount SizesFeesOptional Add-OnsFees with Add-OnsDrawdown LimitsProfit TargetPayout SharePayout Frequency
Knight1 Step5K - 200K$59 - $9394% Daily & 7% Max Drawdown Add-On$69 - $1,1293% Daily / 6% Max10% of Account Size80% / 95% with VIP7 Days
Knight Pro 1 Step5K - 200K$65 - $945None$65 - $9455% Daily / 8% Max10% of Account Size80% / 95% with VIPAnytime
Rapid 2 Step5K - 200K$79 - $8997-Day Withdrawal Add-On$95 - $1,0795% Daily / 8% Max8% Phase 1, 5% Phase 280% / 95% with VIP14 Days (7 Days with Add-On)
Royal2 Step5K - 200K$60 - $1,15814-Day Withdrawal Add-On$72 - $1,3905% Daily / 10% Max8% Phase 1, 5% Phase 275% / 92.75% with VIP30 Days
Standard 2 Step5K - 200K$65 - $1,135EA / Automated Trading Add-On$74 - $1,3005% Daily / 10% Max10% of Account Size80% / 95% with VIP21 Days
Dragon3 Step5K - 100K$49 - $35595% Payout Add-O$59 - $4265% Daily / 10% Max8% Phase 1, 5% Phase 2, 4% Phase 375% / 95% with VIP7 Days

knight-challenge

Knight Challenge – One Step

When we tested the Knight Challenge, we found its one-step evaluation process relatively straightforward for traders focused on simplicity. The low daily drawdown of 3% (or 4% with the add-on) is helpful for more conservative traders.

This challenge would suit traders looking for simplicity but might not meet the needs of those requiring customisation or broader risk management options.

Account SizeOne Off Challenge FeeOne Off Challenge Fee with 4% Daily Drawdown & 7% Max Drawdown Add OnDaily Drawdown (3%)Max Drawdown (6%)Daily Drawdown with Add-On (4%)Max Drawdown with Add-On (7%)Profit TargetProfit PayoutFirst Payout
5,000$59$69$150$300$200$350$50080% / 95% with VIP7 Days
10,000$99$119$300$600$400$700$1,00080% / 95% with VIP7 Days
25,000$189$229$750$1,500$1,000$1,750$2,50080% / 95% with VIP7 Days
50,000$289$349$1,500$3,000$2,000$3,500$5,00080% / 95% with VIP7 Days
100,000$489$589$3,000$6,000$4,000$7,000$10,00080% / 95% with VIP7 Days
200,000$939$1,129$6,000$12,000$8,000$14,000$20,00080% / 95% with VIP7 Days

knight-pro-challenge

Knight Pro Challenge – One Step

The Knight Pro Challenge provides a one-step process with higher drawdown limits (5% daily, 8% max) and flexible payout timing. We found that the unrestricted payout schedule to be a win if you are focused on quick liquidity.

However, with no add-on options, there’s limited flexibility to adjust the challenge parameters, potentially limiting its appeal for those wanting more customisation options.

Account SizeOne Off Challenge FeeDaily Drawdown (5%)Max Drawdown (8%)Profit TargetReward PercentageFirst Payout
5,000$65$250$400$50080% / 95% with VIPAnytime
10,000$105$500$800$1,00080% / 95% with VIPAnytime
25,000$195$1,250$2,000$2,50080% / 95% with VIPAnytime
50,000$295$2,500$4,000$5,00080% / 95% with VIPAnytime
100,000$495$5,000$8,000$10,00080% / 95% with VIPAnytime
200,000$945$10,000$16,000$20,00080% / 95% with VIPAnytime

rapid-challenge

Rapid Challenge – Two Step

In our testing, the Rapid Challenge presented a good mix of flexibility with a two-step process. Traders have the option for a 7-day payout add-on, which we found useful if you prefer faster withdrawals.

That said, the two-step structure might feel drawn out compared to one-step options. The drawdown limits are moderate, but the additional add-on choices make this challenge better suited for traders seeking more payout control.

Account SizeOne Off Challenge FeeOne Off Challenge Fee with 7 Day Withdrawal Add-OnDaily Drawdown (5%)Max Drawdown (8%)Profit TargetReward PercentageFirst Payout
5,000$79$95$250$400$40080% / 95% with VIP14 Days (or 7 days with add on)
10,000$129$155$500$800$80080% / 95% with VIP14 Days (or 7 days with add on)
25,000$229$275$1,250$2,000$2,00080% / 95% with VIP14 Days (or 7 days with add on)
50,000$299$359$2,500$4,000$4,00080% / 95% with VIP14 Days (or 7 days with add on)
100,000$499$599$5,000$8,000$8,00080% / 95% with VIP14 Days (or 7 days with add on)
200,000$899$1,079$10,000$16,000$16,00080% / 95% with VIP14 Days (or 7 days with add on)

royal-challenge

Royal Challenge – Two Step

The Royal Challenge’s two-step evaluation offers generous drawdowns (5% daily, 10% max) and a longer payout period of 30 days, which could be restrictive for those who prefer quicker access to earnings.

The optional 14-day withdrawal add-on is a plus, but the firm’s fee structure and profit split are slightly lower than other options we reviewed. Overall, the Royal Challenge appears best suited for traders who are comfortable with a more structured payout timeline.

Account SizeOne Off Challenge FeeOne Off Challenge Fee with 14 Day Withdrawal Add-On Daily Drawdown (5%)Max Drawdown (10%)Profit TargetReward PercentageFirst Payout
5,000$60$72$250$500$50075% / 92.75% with VIP30 Days
10,000$120$144$500$1,000$1,00075% / 92.75% with VIP30 Days
25,000$189$227$1,250$2,500$2,50075% / 92.75% with VIP30 Days
50,000$289$345$2,500$5,000$5,00075% / 92.75% with VIP30 Days
100,000$489$585$5,000$10,000$10,00075% / 92.75% with VIP30 Days
200,000$1,158$1,390$10,000$20,000$20,00075% / 92.75% with VIP30 Days

standard-challenge

Standard Challenge – Two Step

We found the Standard Challenge’s two-step structure and EA/Automated Trading add-on made it a more versatile option for automation-focused traders.

However, the payout schedule of 21 days may not be appealing if you are looking for frequent withdrawals. The add-on for automated trading is a unique feature among challenges, making this suitable for those with automated strategies using Expert Advisors and cBots, though the lack of other add-ons may limit its broader appeal.

Account SizeOne Off Challenge FeeChallenge Fee with Automated Trading Add OnDaily Drawdown (5%)Maximum Drawdown (10%)Profit TargetReward Percentage (Base / VIP)
5,000$65.00$74$250$500$50080% / 95%
10,000$129.00$149$500$1,000$1,00080% / 95%
25,000$199.00$229$1,250$2,500$2,50080% / 95%
50,000$299.00$345$2,500$5,000$5,00080% / 95%
100,000$499.00$574$5,000$10,000$10,00080% / 95%
200,000$1,135.00$1,300$10,000$20,000$20,00080% / 95%

dragon-challenge

Dragon Challenge – Three Step

The Dragon Challenge is a three-step evaluation, which we found to be more intensive but suitable if you are looking for a more intense testing process. The profit split add-on option is appealing, but with its three-stage evaluation, this challenge could be restrictive for those preferring faster funding.

The three-step process is comprehensive, making it ideal for experienced traders but potentially overwhelming if you are a beginner.

Account SizeOne Off Challenge FeeOne Off Challenge Fee with 95% Payout Add-On Daily Drawdown (5%)Maximum Drawdown (10%)Profit TargetReward Percentage (Base / VIP)
5,000$49.00$59$250$500$40075% / 95%
10,000$99.00$119$500$1,000$80075% / 95%
25,000$135.00$162$1,250$2,500$2,00075% / 95%
50,000$205.00$246$2,500$5,000$4,00075% / 95%
100,000$355.00$426$5,000$10,000$8,00075% / 95%

Scaling Plan for Funded Traders

The Funded Trader offers scaling opportunities that increase account balances for traders who consistently achieve profits, enhancing both account size and profit splits. Here’s an overview:

  • Eligibility: Traders must maintain at least a 6% profit over three months.
  • Scaling Increase: 25% of the initial balance is added with each successful scaling event.
  • Profit Split Enhancements: Higher splits are awarded to traders meeting scaling criteria, allowing them to retain more earnings.
Challenge TypeInitial BalanceNew Balance After Scaling EventMaximum Balance
Standard, Rapid, Royal, Knight, Dragon$100,000$125,000$1.5M
Knight Pro$100,000$125,000$2.5M per account, up to $5M total

For most challenge types, the maximum funded account balance achievable through scaling is capped at $1.5 million. However, the Knight Pro Challenge allows you to scale up to $2.5 million on individual accounts, with a total cap of $5 million when combined across multiple accounts.

The ability to scale up to this amount is not common, and I’ve found during testing only FTMO’s scaling plan compares. For more info, read our full FTMO review.

tft-prop-challenges-and-accounts

Trading Rules

The Funded Trader has set clear guidelines to standardise trading across its challenges, covering crucial rules on news trading, EA (Expert Advisor) usage, and inactivity. These rules vary based on the challenge type, so it’s essential to know the specifics before selecting a challenge.

  • News Trading: Only allowed in the Knight Pro Challenge; other challenges restrict news trades, banning any orders or executions 2 minutes before and after key economic announcements.
  • EA/Automated Trading: The Standard Challenge offers an add-on for Expert Advisors (EAs), making it ideal for automated strategies. Other challenges have varied restrictions, so it’s worth confirming before relying on EAs.
  • Account Inactivity Rule: Trading accounts need at least one trade every 30 days to avoid forfeiting profits, fees, and payouts.
  • Weekend Positions: Only Royal and Knight Pro Challenges allow trades to stay open over weekends, while other challenges close positions by 4 PM EST on Fridays. Crypto trades can remain open over weekends for most challenges.
  • Drawdown Reset: Daily drawdowns reset between 4:57 PM and 5:03 PM EST, so trades should avoid this timeframe for accuracy.

Minimum Trading Days

The Funded Trader’s minimum trading days vary across account types, with some challenges, like the Rapid and Knight Challenges, having no minimum trading days, allowing traders to complete phases quickly if they meet profit targets. Other challenges, such as the Royal Challenge, require a longer trading period to help verify trading consistency.

In terms of time limits, TFT doesn’t enforce a maximum number of days to complete the challenges within.

Challenge TypeMinimum Trading DaysPhase 1 to Phase 2 Transition TimePhase 2 to Phase 3 Transition Time
Standard Challenge3 days12 hoursN/A
Rapid Challenge0 days6 hoursN/A
Royal Challenge5 days12 hoursN/A
Knight Challenge0 daysN/AN/A
Dragon Challenge0 days6 hours6 hours
Knight Pro Challenge0 daysN/AN/A

Verdict on Challenges and Evaluation Process

The Funded Trader’s challenge lineup has options for different trader types, with choices across one-step, two-step, and three-step evaluations. The variety is useful but can be tricky to compare on their site, especially with differences in drawdown limits, payout frequencies, and available add-ons.

Each challenge has a specific fit, from quicker, single-step processes for straightforward goals to three-step options that require more in-depth evaluation. Our table below cuts through the clutter to help you pick a challenge that best aligns with your trading style and goals.

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TFT Spreads and Commission Fees

We found it hard to pinpoint information on spreads, as The Funded Trader doesn’t publish details on spread costs. This lack of transparency might make it challenging for traders to gauge trading costs accurately.

Additionally, The Funded Trader charges a high commission fee of $4 per lot which is high compared to other prop firms.

Forex Spreads
We found The Funded Trader does not publish information on spread costs, leaving traders without insight into the competitiveness of its spread structure.

Unlike other prop firms such as DNA Funded and IC Funded, which often provide specific spread information, this lack of detail from The Funded Trader may be a limitation for traders who need clarity on their trading expenses.

In practice, spreads can fluctuate based on market volatility, platform, and the specific asset, but without transparency, traders face a challenge in estimating their total trading costs upfront.

Commission Fees

The Funded Trader charges commission fees of $4 per lot on forex and $1 per lot on metals, while indices, crypto, and oil have no commission fees.

These fees are relatively high compared to some other prop firms like DNA Funded and IC Funded, which often charge lower rates or offer commission-free trading on certain instruments.

Verdict on Spreads and Commissions

The Funded Trader’s lack of transparency on spread costs may make it challenging for traders to fully assess potential expenses, which can be a drawback for those focused on cost control.

Additionally, with a forex commission fee of $4 per lot—higher than other firms like DNA Funded and IC Funded—this structure may impact profitability, especially for traders with high-volume strategies who prefer to minimise costs.

Trading Instruments and Leverage

With over 50 trading instruments across forex, indices, commodities, and crypto, and a maximum leverage of 1:200 for forex, The Funded Trader offers a solid range of products for prop trading challenges.

One thing I found interesting is how their leverage is tailored differently for each challenge and asset class, creating a structure that supports both aggressive trading strategies and controlled risk management, especially when traders move into funded accounts.

Financial Markets

I found The Funded Trader’s variety of instruments with crypto trading available useful if you are looking to diversify away from just forex markets.

  • Forex Trading: Access to 30+ forex markets, with The Funded Trader offering popular currency pairs like AUD/USD, EUR/USD, and USD/JPY.
  • Indices: If you’re into indices, you’ll find a good mix here, from the S&P 500 (US500) and Dow Jones (US30) to global favourites like the NASDAQ 100 (USTEC).
  • Commodities: In commodities, they’ve got the main players like WTI Crude Oil, Brent Crude, and Natural Gas (XNG/USD), as well as your popular metals such as Gold (XAU/USD) and Silver (XAG/USD).
  • Cryptocurrencies: There’s a small selection of crypto pairs like BTC/USD and ETH/USD.

Leverage

One thing I found interesting about The Funded Trader’s leverage setup is how they’ve tailored it to different challenges and asset classes. It’s clearly designed with risk management in mind, which is good to see in a prop trading environment.

  • Forex Leverage: The maximum leverage of 1:200 is available on forex pairs within the Standard Challenge, however, this reduces to 1:100 in funded accounts..
  • Commodities and Metals: These have a maximum leverage of 1:30 during challenges, staying consistent even in funded accounts. T
  • Indices: Indices have a moderate leverage limit, typically 1:20 in challenges like the Standard and Rapid Challenges, which drops to 1:5 in the Knight Challenge.
  • Cryptocurrencies: With the highest volatility, crypto trading is limited to a conservative leverage of 1:2 during challenges and drops to 1:1 in funded accounts.
Challenge TypePhaseForexCommoditiesIndicesCrypto
Standard ChallengeChallenge1:2001:301:201:2
Funded1:1001:301:201:1
Rapid ChallengeChallenge1:1001:301:201:2
Funded1:1001:301:201:1
Royal ChallengeChallenge1:501:151:101:1
Funded1:501:151:101:1
Knight ChallengeChallenge1:301:101:51:1
Funded1:301:101:51:1
Dragon ChallengeChallenge1:1001:301:201:2
Funded1:1001:301:201:1
Knight Pro ChallengeChallenge1:301:101:51:1
Funded1:301:101:51:1
Competitions1:501:151:101:1

Verdict on Markets and Leverage

During testing we established the prop firm offers 50 instruments and a maximum leverage of 1:200 for forex, meaning you gain access to a decent range of products and flexible leverage options.

The tiered leverage approach across different challenges and asset classes supports varied trading strategies while promoting risk management, especially as traders progress to funded accounts.

Trading Platforms

The Funded Trader offers four main trading platforms—MetaTrader 5, cTrader, DXtrade, Match-Trader—each tailored to specific account types and geographic restrictions.

tft-trading-platforms

MetaTrader 5

Available internationally through Thaurus LTD, Platform 5, aka MetaTrader 5 (MT5), provides an extensive charting suite, including advanced technical indicators and analysis tools.

With a focus on accessible trading tools, it’s suited to traders who value a balance between functionality and simplicity.

cTrader

cTrader is available through Voyage Markets for international traders outside of the United States.

Known for its advanced charting tools, cTrader offers multi-timeframe analysis, extensive technical indicators, and customisable layouts.

This platform is ideal for traders looking for in-depth analytical tools and a responsive interface.

Match-Trader

Match-Trader is globally available and designed with user-friendly functionality in mind.

It includes basic charting tools, order types, and essential market analysis tools, making it suitable for traders who prefer a streamlined trading experience without complex customisation.

DXtrade

DXtrade, available to U.S. clients via Voyage Markets, offers a straightforward layout and core trading tools, including multi-chart displays, basic technical indicators, and simplified order execution.

However, during testing, we encountered frequent connectivity issues, affecting platform stability and reliability.

These connectivity interruptions could impact trade execution and might be a drawback for traders who rely on consistent platform performance.

Verdict on Trading Platforms

The Funded Trader’s platform options, including cTrader, DXtrade, Match-Trader, and Platform 5, offer a versatile selection across different regions and trading needs.

While the range of tools is comprehensive, the absence of MetaTrader 4 could be a consideration if you prefer the popular platform.

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Payments and Payouts

The Funded Trader supports a range of payment options for challenge fees, including credit/debit cards, Google Pay, major cryptocurrencies (BTC, ETH, USDT), and e-wallets like Astropay, Skrill, and Neteller. For payouts, they primarily use Rise (Riseworks), which allows for bank transfers, crypto withdrawals, and local currency payouts after verification.

Challenge Fee Payments

For paying challenge fees, you can choose from credit cards or crypto payments:

  • Credit/Debit Card: Pay using Visa, Mastercard, or other major cards.
  • Google Pay: Available for quick transactions through Google Wallet.
  • Crypto Payments: Use major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), through platforms like Migapayments and Forumpay, supporting networks like ERC20 and Polygon.
  • E-wallets: Options include Astropay, Skrill, and Neteller, suitable for those who prefer digital wallets.

Trader Funding Payouts

Once you complete a challenge successfully, The Funded Trader provides flexible payout options, though the frequency and minimum amounts vary based on the account type and any add-ons selected.

  • Rise (Riseworks): This is the primary payout method, supporting bank transfers, local currency withdrawals, and crypto payouts. To use Rise, traders need to complete KYC verification. For most accounts, the minimum payout request is $100, and payouts are processed according to account rules, typically on a monthly or semi-monthly basis. Add-ons, such as shorter withdrawal intervals, can reduce the waiting time between payouts.
  • Crypto Payouts: For traders in countries unsupported by Rise, payouts are available through popular cryptocurrencies, including USDT, USDC, Bitcoin (BTC), and Ethereum (ETH). Minimum withdrawal for crypto is $100, and the frequency remains aligned with account specifications, but certain add-ons can allow for expedited withdrawals, reducing the standard 14 or 30-day intervals.

Different account types and add-ons can shorten the number of days before your first payout, allowing some traders to withdraw as soon as 7 days after their payout cycle begins, depending on their challenge and add-ons.

Verdict on Payments and Payouts

The Funded Trader offers solid flexibility in both challenge fee payments and payout options. With multiple ways to pay fees, including major cryptocurrencies and e-wallets, you have convenient choices.

Payouts through Rise offer a structured process, and for if you need faster or crypto-specific options, add-ons and alternative methods are available, though they require KYC verification.

Customer Support and Education

The Funded Trader’s customer support and educational resources are fairly limited, especially compared to competitors that provide more robust service and training options.

While their YouTube channel has a strong following, support availability and educational depth could be improved.

Customer Support

The Funded Trader lacks 24/7 support, with live chat responses taking 1–3 days, even mid-week, which may be a concern for users needing quicker assistance. They do not heavily promote customer service options, and minimal contact details are offered beyond email and a Discord community.

Educational Resources

Their YouTube channel is the primary educational resource, with over 103,000 subscribers and a mix of webinars and trading advice videos.

While the channel covers various topics, The Funded Trader does not provide a structured educational portal or dedicated learning materials on its site outside of social media and podcasts.

Verdict on Customer Service and Education

The Funded Trader has an active YouTube presence, but its limited support options and sparse educational resources make it less competitive in this area. Traders requiring hands-on support or extensive educational content might find the current offerings insufficient.

Trust and Community

The Funded Trader has a mixed reputation in the trading community with a low Trustpilot score of 3.3, with bad reviews surrounding payout delays, account breaches, and lack of transparency.

Unlike firms like IC Funded or DNA Funded, which are directly associated with well-known forex brokers, The Funded Trader operates independently, which may impact its perceived credibility among some traders.

The Funded Trader TrustPilot Score

tft-trustpilot-scoreThe low Trustpilot score of 3.3 out of 5 stars from over 20,000 reviews reflects a blend of both positive and negative feedback. While good reviews praise the platform’s support team, active promotions, and ease of use, critical reviews frequently mention payout delays, inconsistent account rules, and communication issues.

Many users express frustration over changing policies without notice, which they feel negatively impacts their trading experience.

Trading Community

The Funded Trader’s Discord community has over 107,000 members, yet only 36 are funded traders, and 17 are in active challenges.

The Discord server is a hub for announcements, payout proofs, support, and engagement, providing a solid base for traders to connect, share insights, and access resources like promo codes and giveaways.

However, the low ratio of funded to total members raises questions about the platform’s accessibility and funding criteria.

Social Media

The Funded Trader has a significant following across platforms:

  • Facebook: 16K likes and 21K followers, with mixed reviews—44% recommend the platform.
  • Twitter / X: 93.3K followers, where they regularly post updates, promotions, and community announcements.
  • Instagram: 12.4K posts, featuring promotions and trading highlights.

While active on social media, the quality of engagement varies, with users frequently pointing out issues related to payout delays and account support.

Verdict on Trust

The Funded Trader’s trustworthiness is mixed. While it has a large community and strong social presence, lower ratings and frequent mentions of delayed payouts and sudden rule changes suggest areas for improvement.

If transparency and fast payouts are top priorities, you may want to look at alternative prop firms which are connected to regulated brokers and higher TrustPilot scores.

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How to Sign Up to The Funded Trader

Signing up for The Funded Trader can be a bit more complicated compared to other prop firms. Here’s an overview of my experience and some key points to note if you’re considering signing up:

1. Account Selection: I opted for the Knight Challenge with a $5,000 account size. The website allows you to customise your challenge by selecting challenge type, account size, and even add-ons like increased drawdown limits, EAs, or early payouts. However, the setup feels a bit segmented compared to the seamless registration processes seen with other firms.

tft-signup-1

2. Platform Selection: After choosing your challenge, you’ll need to pick a trading platform. Options include Platform 5, DXtrade, Match-Trader with TradingView, and cTrader. Remember, cTrader comes with an extra $25 fee, so if you prefer this platform should be aware of the additional cost upfront.

tft-signup-2

3. Payment Process: Unlike most prop firms where you register and pay the fee in a single step, The Funded Trader requires you to go through a multi-step process:

  •  After selecting your challenge, you create your account, which remains pending until payment is processed.
  • Once registered, you proceed to the payment stage. Here, I encountered issues with credit card payment; the platform didn’t accept my card directly, which is unusual as other prop firms typically process card payments smoothly.
  • To work around this, I had to use Google Pay and link my credit card there. This extra step added some friction to the process, which could be inconvenient for users accustomed to simpler setups

tft-signup-3

4. Account Activation: After the payment was completed, there was a delay in receiving account credentials. While some firms issue account details instantly upon payment, The Funded Trader took additional time, likely due to verification steps.

tft-signup-4

5. Dashboard and Order Summary: Upon completing the order, I accessed the dashboard, where an “Order List” section showed my order as “Paid,” with challenge details and order number. This provides a clear summary, but the additional waiting period for account details was a unique aspect of their process.

tft-signup-6

6. Trading Platform Download: Once your account is set up, you’ll need to download the trading platform you selected during signup or access the WebTrader version online. Each platform has its own download process, and The Funded Trader’s website provides links or guidance for downloading these platforms.

7. Developing and Executing Your Trading Strategy: With the platform ready, you can start configuring your trading strategy. This is where you’ll align with The Funded Trader’s guidelines, keeping within risk parameters like daily and maximum drawdowns. Establish your strategy around factors such as entry/exit points, risk management, and compliance with The Funded Trader’s trading rules for funded accounts.

In summary, the signup process at The Funded Trader is functional but involves multiple steps and slight delays, especially around payment verification and account activation. This differs from the more straightforward approaches taken by many other prop firms, where payment and registration are integrated for a quicker setup.

Final Verdict on The Funded Trader

The Funded Trader offers a range of challenges and scaling options up to $5 million, with flexible platform choices and leverage setups. However, high commission fees, limited transparency on spreads, and restricted support hours may impact usability.

Connectivity issues on DXtrade and a complex challenge comparison layout on their website also add friction for traders focused on straightforward pricing and reliable access.

While it suits traders looking for customisation, these drawbacks might make other firms more appealing for those prioritising simplicity and clarity.

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FAQ The Funded Trader

The Funded Trader is a proprietary trading firm that provides capital to successful traders, offering various trading challenges to assess trader skill and discipline.

With account sizes from $5,000 to $200,000 and scaling options reaching up to $5 million, it allows traders to pursue multiple trading instruments, including forex, commodities, indices, and crypto.

However, the firm’s low Trustpilot score of 3.3/5, alongside slower customer support and high commission fees, might impact its appeal for those seeking robust support and transparency.

For the top prop firms, read about the best prop trading firms.

The Funded Trader uses demo or simulated accounts rather than real capital for its evaluation and challenge phases. Traders go through these demo account phases to demonstrate their trading abilities, risk management, and consistency under predefined rules.

Once you pass the challenge, you are eligible for a profit share and funded trader status, paid from the firm’s revenue, simulating the effect of trading real money.

The Funded Trader’s payout varies based on the selected challenge and profit split, generally ranging from 75% to 95% of profits. For example, VIP traders may access up to a 95% profit share on successful accounts.

Payment frequency depends on account type, with some challenges offering payouts every 7 or 14 days, while others occur monthly. You can choose payout methods like crypto or bank transfers, following KYC verification for Rise (Riseworks) payouts.

The Funded Trader offers account sizes from $5,000 to $200,000, with scaling opportunities up to $5 million for consistent performance.

Each challenge has specific options, such as the Knight and Knight Pro challenges, which allow selection from smaller accounts, while higher tiers like the Royal and Standard challenges support larger accounts.

Account size affects both fee structure and drawdown limits, making it important for traders to choose a size that fits their risk tolerance and strategy.

Payouts from The Funded Trader are generally available within a minimum of seven days, though this can vary by challenge type and selected add-ons.

Base account types typically follow a 14-day or monthly payout cycle, but traders opting for add-ons like expedited withdrawals can reduce the waiting times.

To become a funded trader with The Funded Trader program, applicants must complete one of several challenge types, each with specific profit targets, drawdown limits, and evaluation phases.

Depending on the chosen challenge, traders may face a one, two, or three-step evaluation, aiming to meet profit targets (typically 8-10%) without exceeding daily or maximum drawdowns.

Some challenges have no minimum trading days, enabling faster completion, while others require steady consistency before funding approval.

Yes, The Funded Trader program allows account scaling for traders who consistently achieve profit targets, increasing both account size and profit share potential. Eligible traders who maintain at least a 6% profit over three months can expand their account balance by 25% of the initial balance per successful scaling event.

This opportunity to grow accounts helps committed traders maximise returns and reach a maximum balance of up to $1.5 million or $5 million, depending on the challenge type.

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At Prop-Firms.com, we’re dedicated to helping traders identify the best proprietary trading firms to match their goals. Our team tests and reviews each firm’s platform features, costs, and trader evaluations. Through our research-backed scoring system, we assess core areas such as profit payout structures, account fees, platform quality, and customer support.

Our methodology incorporates trader-focused metrics:

  • Spreads & Trading Costs: Evaluating typical trading costs to provide insight into each firm’s competitiveness.
  • Audition Process: Reviewing steps required to qualify for funding, from single-phase to multi-phase evaluations.
  • Payment & Payouts: Analyzing profit splits, payout frequencies, and payment options to ensure transparency.
  • Trust & Community: Examining user feedback, reputation, and community support as critical trust indicators.

We continuously update our comparisons to bring you accurate, comprehensive information on the prop trading landscape.

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About the author: Noam Korbl

Noam Korbl is the co-founder and has been a trader since 2014. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices.