The Funded Trader prop trading firm has earned acclaim in the trading industry by providing traders with a chance to manage up to $600,000 in capital and earn up to 90% profits on their trades. If you're looking to understand better what The Funded Trader offers and how it stacks against other prop firms, here's a simplified comparison chart to guide you.
The Funded Trader
- Trading Periods: Step 1 TFT Challenge - 35 days, Step 2 Verification - 60 days, and Step 3 The Funded Trader is indefinite.
- Minimum Trading Days: Five days for TFT Challenge and Verification, none for The Funded Trader phase.
- Maximum Drawdown: 5% daily, 8% total.
- Payout Split (Trader/Firm): 80/20.
- Evaluation: Performed in a 2-phase system.
- Time Period for Evaluation: 30 days and 60 days.
- Targets: 8% and 5%.
- Trading Platform: Royal Trading Platform.
Alternative Prop Firms
- FTMO: Renowned for its structured evaluation process and a focus on forex trading.
- My Forex Funds: Known for its instant funding model with various account sizes and a 1:100 leverage, but has a higher average slippage compared to The Funded Trader.
- Funded Trading Plus: Noted for its innovative approach, excellent customer service, and positive reviews.
In conclusion, The Funded Trader excels by offering a comprehensive prop trading program with a clear-cut evaluation process and attractive payout splits. However, alternative prop firms like FTMO, My Forex Funds, and Funded Trading Plus each have their unique features and benefits, so it's important to take into account your trading style, goals, and preferences while choosing a prop firm to partner with.
