The Funded Trader Program, established on May 12, 2021, and based in the USA, has quickly ascended to the forefront of legitimate proprietary trading firms within the forex trading community. Offering traders the opportunity to manage up to $1,500,000 in capital with profit splits reaching up to 90%, this firm stands out for its generous terms and commitment to trader success.
The Standard Challenge Explained
Among its two primary funding options, The Funded Trader Program’s Standard Challenge is designed to test and validate the trading skills of participants through a structured two-step evaluation process. Here’s a detailed look at the account sizes and the challenge rules:
Account Sizes and Fees
- $50,000 account for a one-time fee of $315
- $100,000 account for a one-time fee of $549
- $200,000 account for a one-time fee of $949
- $400,000 account for a one-time fee of $1,898
Standard Challenge Rules
- Profit target for Phase 1: 10%
- Profit target for Phase 2: 5%
- Daily drawdown limit: 6%
- Overall drawdown limit: 12%
- Minimum trading days: 5 calendar days
- Maximum trading period for Phase 1: 35 calendar days
- Maximum trading period for Phase 2: 60 calendar days
- Leverage: 1:200
Upon successful completion of the Standard Challenge, traders are awarded a funded account matching their evaluation account size. Initially, traders qualify for an 80% profit split, which can increase to 90% as they progress and scale their account.
Scaling Plan Details
The Funded Trader Program offers an enticing scaling plan for consistent performers in the Standard Challenge. To qualify, traders must achieve a 6% profit over a three-month period, with at least two of those months being profitable, to scale their account balance by 25%. This plan allows for scaling up to a maximum account balance of $1,500,000.
This detailed overview of the Standard Challenge offered by The Funded Trader Program underscores the firm’s commitment to fostering trading talent and providing significant growth opportunities within the forex market.
