The Funded Trader is a 2 year old prop firm as of May 2023 which provides 4 different trading challenges to Traders who are looking to be funded.
For easy viewing these are the prices and benefits for 100k regular accounts for each challenge
All challenges have 2 Phases except the Knights challenge which is 1 Phase
*The Standard + Rapid challenge allow weekend holding using a Swing account and the leverage is 1:30 and 1:60 respectively*
| Standard | Royal | Rapid | Knight |
Trading Period | 35 days/60 days | 35 days/60 days | 35 days/60 days | Unlimited |
Min Trading days | 3 | 5 | 0 | 0 |
Target | 10% ($10000) | 8% (8000) | 8% (8000) | 10% ($10000) |
Phase 2 Target | 5% ($5000) | 5% ($5000) | 5% ($5000) | - |
Daily Loss | 6% ($6000) | 5% ($5000) | 5% ($5000) | 3% ($3000) |
Max Loss | 12% ($12000) | 10% ($10000) | 8% (8000) | 6% ($6000) |
Drawdown Type | Equity + Balance | Equity + Balance | Balance | Relative |
Refundable Fees | $549 | $489 | $499 | $489 |
Leverage | 1:200 | 1:200 | 1:100 | 1:30 |
Features | Free repeat in profits, larger daily + max loss | No Limits + EA's allowed, News Trading Allowed | No Minimum Trading Days, Balance based drawdown | 1 Phase challenge, 7 days payout, No limits + EA's allowed |
1st Withdrawal | 30 days | 30 days | 14 days | 7 days |
Profit Splits
Most profits splits are 80% to start with until you qualify for the scaling plan which increases to 90% splits
Best Challenge
In my opinion the best challenge is the RAPID challenge, although the Max loss is lowest if the 2 Phase challenges with good risk management 8% shouldn't be much of a problem. 0 minimum trading days and 14 day pay outs are the best features of this challenge. The idea is to take your time and not rush through the Phases
Use my affiliate link if you're interested
Community + Benefits
As a community the TFT Discord is one of the most active in terms of Giveaways, Competitions, and company interaction. The community get to vote on what the next discount on challenges should be, in fact the community have an input on most things to do with TFT.
Treasure Hunt App
The new Treasure Hunt app in a very smart feature that allows Traders to engage with all TFT social networks and earn points while doing so to get discounts on challenge prices. And by doing this furthers TFT's reach through promotions of people who use them! BEST ADVERTISING
Try it out here!!
The new Kings Program will have special rewards for long time qualified TFT Traders (update when this is released)
Ability to withdraw anytime
8-hour payout processing time
90% payouts
Competitions
TFT has a monthly trading competition that rewards up to 100 traders with free challenge accounts depending on where they finish on the table
As of writing the CEO has just announced that everyone who finished above 50% in the monthly competition could get 50% off a 100k challenge
In the Discord you can partake in the following games to win challenges
Blackjack
Poker
CoD Mobile
Chess
Guess Bitcoins price
Conclusion
I highly recommend TFT as a trading prop form. At one point there were issues with spreads and slippage but this has been addresses and it doesnt seem to be an issue anymore. Although the fees are slighter higher than MFF with the monthly discounts it can bring the accounts to around the same price if not lower and right now you can receive 15% back from your Phase 1 + 2 profits where MF give 2% and 4%. Its a no brainer!!
And if you are not sure then at least join the monthly competition for free
Find the The Funded Trader here
https://discord.gg/thefundedtrader - Discord
Trading Prop Firm (@thefundedtrader) | - Instagram
The Funded Trader | Facebook - Facebook
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