Visit the Funded Trader program: CLICK HERE
What is the Funded Trader program?
The funded trader is an online demo trading review company that gives potential clients the opportunity to prove their trading skills and retain a profit share using one of their funded accounts.
Does the Funded Trader program trade stocks?
No, The Funded Trader does not deal in stock trading or trading in the cryptocurrency market. The Funded Trader is a FOREX trading platform for trading currency pairs in funded accounts.
How does the Funded Trader program work?
The funded trader is an accessories company. In order to be approved for a Funded Trader account, traders must complete an assessment and prove their trading skills. At no risk to them and for the price of upfront fees paid for the assessment, eligible traders will receive a profit share on the profits generated in their funded account.
What is a FOREX paraphernalia business?
For clarity on what a prop business is, it is an entity where a trader is given a portion of the capital of the business so that the trader employs his own market strategies and then the trader will receive a portion of the profits made using the capital.
How does the Funded Trader differ from traditional Prop Firms?
The funded trader differs from a traditional prop business because normally a prop business is a brick and mortar establishment. The Funded Trader program registration fees are much lower and virtually anyone in the world can register to become a Funded Trader. In order to be accepted for a live account, a funded trader has to prove himself on a demo account and this is where a trader proves whether he has a profitable strategy or not.
Is there a limit to the number of funded accounts a person can trade with?
A funded trader can trade with as many accounts as they want, but the only rule is that the total account value of ALL accounts held by one person is capped at $600,000. The Funded Trader program has different challenges and you are not allowed to trade more than $600,000 in total during the challenge phase (Phase 1 and Phase 2), which includes Rapid Challenge and Standard Challenge accounts, that is- i.e. the combined amount. you can redeem $600,000 on all accounts with TFT, including Rapid and Standard Challenge.
If you trade more than $600,000 at any given time, you will only be refunded for accounts that have not yet been traded. If you have already redeemed the account, you will not receive a refund and your account will be hacked.
For example, you can have 2 Standard Challenge Accounts of $200,000 and 2 Quick Challenge Accounts of $100,000, which is a total value of $600,000. However, you cannot add any other accounts beyond these, as the total account value would exceed our total account value limit of $600,000.
Are trading techniques such as scalping allowed?
Yes, The funded trader allows traders to trade whichever method is most convenient for them, but warns against scalping as scalping detected within 2 minutes before or after the news is prohibited, thus violating the Terms of Service.
Does the Funded Trader program have a FOREX community?
The Funded Trader program offers different educational resources on their Blog and also has a Discord Server with over 10,000 members that many in the FOREX community find very useful for trading and reaching out. Plus, they are more than happy to answer any questions people have regarding their service.
Do people actually make money with the Funded Trader program?
Absolutely! One of the segments that the Funded Trader Program features on its blog is to highlight different people who are growing their accounts and seeing real profits. In addition to this, the Funded Trader program offers monthly offers competitions and different challenges with which many people earn money.
What are the challenges for funded merchants?
Here are the specifications of the Funded Trader Rapid Challenge:
The Rapid Challenge is their new two-step trial program where you can get your first payment in as little as 20 days!
Traders can register for this challenge using a $50,000, $100,000 or $200,000 account.
Simply choose the amount of capital you wish to manage and pass the assessment by meeting the trading targets in Stages 1 and 2 of the assessment.
With the Rapid Challenge, there are no minimum trading days on your assessment. Your first profit share is eligible after 14 days once you have earned your funded account.
For more information about The Funded Trader, visit their website at TheFundedTraderProgram.com