FunderPro vs The Funded Trader

Proprietary Trading Firm Overview

When it comes to choosing a proprietary trading firm, traders are spoilt for choice with numerous options available. Each firm offers its unique set of advantages and challenges, catering to different trading styles and preferences. In this review, we delve into the specifics of FunderPro and The Funded Trader—two firms that have made a name for themselves in the prop trading industry.

Firm Comparison: FunderPro vs. The Funded Trader

FunderPro

FunderPro distinguishes itself with very appealing profit scaling, reaching up to $5,000,000 with a generous 80% profit split for the trader. Traders who enjoy flexibility will appreciate FunderPro's absence of restrictions on trading times including weekends and major news events, which can be particularly advantageous for news event-driven strategies. With leverage peaking at 1:100, and a vast array of tradeable instruments, FunderPro caters well to those with diverse trading portfolios. However, as with any firm, FunderPro comes with its set of rules which include a maximum daily loss and overall loss cap, alongside requirements for minimum trading days and profit targets. Deposits and withdrawals are somewhat standard, with traditional methods such as bank transfers and credit/debit cards being accepted, as well as cryptocurrency transactions.

The Funded Trader

The Funded Trader has built a robust reputation, reflected in its stellar 4.7/5 Trustpilot score based on over 5,000 reviews, which is indicative of a satisfactory customer experience. Their offering includes four funding options with an account balance up to $600,000 and impressive leverage of 1:200. Profit splits are competitive, ranging between 80-90%. Notably, the firm also allows for unlimited free evaluation retries, acknowledging the challenging nature of trading and providing a forgiving platform for growth. Despite its many benefits, The Funded Trader has drawn some criticism for the lack of a free trial, slower customer support, and trailing drawdown requirements that many traders find restrictive. On the upside, their comprehensive trading tools support a broad range of assets, including forex and cryptocurrencies, though they do exclude Stocks that FunderPro includes.

Trading Conditions and Platform Rules

Both firms have their set of rules and conditions with which traders must comply. FunderPro governs trading with stipulations around maximum daily losses, overall losses, a mandatory number of trading days, and profit targets. The Funded Trader, meanwhile, introduces rules such as lot size limits, no use of Expert Advisors (EAs), and no Martingale strategies, alongside similar daily and maximum loss regulations, profit targets, and trading day requirements. These firm-specific rules can greatly influence a trader's choice depending on their preferred trading approach and risk management style.

Funding and Profits

Funding your account with either of these firms is straightforward but traders should note the differences in deposit and withdrawal methods. While both accept crypto payments, only FunderPro accepts bank wire transfers for deposits and withdrawals, which could be a determining factor for traders with a preference for traditional banking methods. Conversely, The Funded Trader offers withdrawals via Deel, a global payroll and compliant contract solution. This may be appealing to international traders who favor more diverse withdrawal options.

Product Offerings and Market Access

FunderPro takes the lead with a broader range of tradeable instruments, including Stocks, which are notably absent from The Funded Trader's lineup. Both firms offer Commodities, Crypto, Forex, and Indices, catering to a wide array of trading interests and strategies. The availability of diverse markets can be pivotal for traders who rely on cross-market analysis or have specific expertise in multiple asset classes.

Conclusion: Which Prop Firm Suits Your Trading Style?

In conclusion, FunderPro and The Funded Trader both present compelling opportunities for retail traders; however, they serve different trader profiles. FunderPro is well-suited for traders seeking more significant scalability with larger profit prospects and fewer restrictions on trading times. On the other hand, The Funded Trader might be preferable for traders looking for a firm with a strong community endorsement, higher leverage options, and support for infinite evaluation retries. Ultimately, the choice between FunderPro and The Funded Trader should be based on individual preferences, trading style, and goals. Retail traders and potential users must weigh the pros and cons, meticulously review the rules and conditions, and consider the trading instruments and infrastructure provided before making a decision. The right proprietary trading firm can serve as a springboard to significant trading success, so choose wisely.