Have you ever pondered the fate of giveaway accounts in the prop trading sphere after the winners are announced? The Funded Trader takes a deep dive into the outcomes of their May giveaway, shedding light on the success and challenges encountered by recipients of these challenge accounts.
Breaking Down the May Giveaway Account Stats
The Funded Trader’s recent analysis reveals intriguing statistics from their generous $10,165,000 funding giveaway. Over the last 45 days, a total of 456 accounts were distributed, leading to a diverse array of outcomes:
- 165 accounts failed phase 1 (36.1%), reflecting the high stakes and challenges of initial trading hurdles.
- 56 accounts succeeded in phase 1 (12.2%), moving on to the next challenge with optimism.
- 77 accounts experienced losses (16.8%), underscoring the unpredictable nature of trading.
- 98 accounts remained inactive (21.4%), indicating hesitation or strategic pauses in trading activity.
- 60 accounts saw profits (13.1%), showcasing successful trading strategies and decisions.
Phase 2: A Closer Look
The journey through phase 2 revealed further insights:
- 22 accounts encountered failure in phase 2 (39%), demonstrating the increased difficulty of advancing stages.
- 20 accounts triumphed in phase 2 (35.7%), earning their spot as funded traders.
- Varying outcomes for the rest, including accounts in loss, inactive accounts, and those achieving profit.
Funded Accounts Performance
The performance of the 20 funded accounts varied, with:
- 5 accounts failing (25%), highlighting the challenges faced even after funding.
- 7 accounts generating profits (35%), totaling $2,600, and even resulting in a payout of $543, reflecting the potential for success.
The Funded Trader emphasizes the importance of treating giveaway accounts with the same diligence as personally invested accounts. The firm aims to foster a responsible trading community, urging participants to grasp these opportunities with earnestness and ambition.
About The Funded Trader
With a mission to discover and nurture talented traders, The Funded Trader partners with reputable brokers such as Eightcap and Purple Trading Seychelles. The firm offers a platform for traders to showcase their expertise in fluctuating market conditions, providing the necessary funds to those who prove their mettle.
This analysis not only serves as a reflection on past giveaways but also as a stepping stone towards improving future outcomes and success rates among participants.
