Skilled Funding provides traders with an opportunity to access substantial trading capital through a simple, one-step evaluation process. With leverage of 1:100, high profit splits, and no time restrictions, the firm offers a supportive environment for traders to reach their goals. Whether you’re a seasoned trader or just starting, Skilled Funding’s diverse plan options and transparent rules make it a noteworthy contender in the prop trading industry. Explore how Skilled Funding could be the right fit for your trading journey.

Skilled Funding Review: Is It the Right Prop Firm for You?

Skilled Funding is a prop trading firm that offers traders the opportunity to prove their skills through evaluation programs. Successful traders can access up to 200k in funding with a profit split that can reach up to 100%. The firm aims to support traders by providing quick evaluations and fast access to funded accounts.

How Does Skilled Funding Work?

The evaluation process at Skilled Funding begins with a simulated evaluation stage, where traders have unlimited calendar days to achieve an 8% profit target while adhering to drawdown parameters. Upon passing this phase, traders advance to the funded trader stage, allowing them to trade with real capital and retain up to 100% of their profits as performance commissions.

Evaluation Process

• Simulated Evaluation: Traders must reach an 8% profit target with no time limit, offering flexibility in achieving the goal.
• Funded Trader Stage: Once the evaluation is passed, traders receive funding and can earn up to 100% of their simulated profits.

Key Features of Skilled Funding

• High Profit Split: Offers up to 100% profit split, which is among the highest in the industry.
• Flexible Evaluation: Unlimited time to pass the evaluation, catering to traders who prefer a less pressured environment.
• Fast Support: Quick response times for trader inquiries and support requests.
• Cash Payments: Commissions are paid directly in cash, enhancing the ease of earning withdrawals.
• Safe and Secure: Emphasizes transparency and clarity in terms and conditions, aiming to build trust with traders.

Skilled Funding’s Evaluation Plans

Skilled Funding offers various evaluation plans tailored to different trader needs, providing opportunities to scale up to significant funding levels. These plans are designed to suit both novice and experienced traders looking to manage larger capital sizes with favorable profit splits.

Top Performers and Highlights

Skilled Funding showcases its top earners, with the highest profits reported at $11,970, and the fastest evaluation completion time of 1 minute and 45 seconds. This highlights the potential for significant earnings and the quick pace at which skilled traders can progress through the program.

Skilled Funding Evaluation Plans and Rules

Skilled Funding offers several evaluation plans designed to suit different trading capital needs. These plans allow traders to unlock up to $200,000 in commission-eligible buying power. Below are the key evaluation rules and associated costs for each plan:

• Profit Target: 8% profit target during the evaluation phase.
• Profit Split: Up to 100% once the trader reaches the funded stage.
• Daily Drawdown: Limited to 4% of account equity.
• Maximum Drawdown: Capped at 12% of the trailing equity.
• Time Frame: Unlimited time to complete the evaluation, offering flexibility.
• Minimum Days: No minimum trading days required.
• News Trading: Allowed, giving traders freedom in their trading strategies.
• Upgrade to Live: Traders can upgrade to a live account within 72 hours after passing the evaluation.

Evaluation Plan Options and Pricing

• $25,000 Evaluation: One-time fee of $285.
• $50,000 Evaluation: One-time fee of $379.
• $100,000 Evaluation: One-time fee of $579.
• $200,000 Evaluation: One-time fee of $949.

These evaluation plans offer traders various options to start trading with different levels of funding, making it easier for both new and experienced traders to select a plan that aligns with their financial goals and risk tolerance.

Program Details and Payout Structure

The Skilled Funding program operates on a straightforward 1-step process, consisting of an evaluation phase followed by a funded phase. Below are the detailed program specifics:

Program Phases

• Evaluation Phase: Traders must achieve an 8% profit target with a 4% daily drawdown and 12% maximum drawdown. There is no time limit imposed, allowing for flexibility in achieving the target.
• Funded Phase: Once the evaluation is passed, traders move to the funded phase where there is no set profit target. Drawdown limits are adjusted to 4% daily and 8% trailing equity. The profit split increases with each payout cycle, starting from 50% and can reach up to 100% by the fourth payout.

Payout Structure

• First Payout: 50% profit split.
• Second Payout: 70% profit split.
• Third Payout: 80% profit split.
• Fourth Payout and Beyond: 100% profit split.

Traders are allowed to use expert advisors and trade through news events in both the evaluation and funded phases, providing a flexible trading environment that supports various trading strategies.

Getting Started and Account Setup

To begin with Skilled Funding, traders can easily choose their desired evaluation plan by visiting the firm’s website and creating an account through the Account Creation page. Upon payment, traders receive a code granting full access to the trading platform. Skilled Funding provides leverage of 1:100 on all simulated accounts, applicable during both the evaluation and funded trader stages. It’s advisable for traders to review contract sizing before starting, as leverage may vary in paper-trading accounts based on trade sizes.

Evaluation and Funded Trader Stages

The evaluation phase requires traders to achieve an 8% profit target without any time limit, progressing them to the funded trader stage upon completion. At this stage, traders must close all positions and confirm that all challenge parameters have been met before the challenge is marked “Completed.” The funded trader stage involves submitting KYC documents, and once approved, the funded trader account is activated within three business days, allowing traders to engage in simulated trading eligible for commission payouts.

Trading Rules and Restrictions

Skilled Funding supports various trading styles such as Support/Resistance, Candlestick Patterns, and EAs during the evaluation stage, with certain restrictions applied during the funded trader stage. Prohibited strategies include Grid Trading, Martingale, Latency Arbitrage, and hedging across multiple accounts, among others, due to their inability to replicate in live market conditions or their reliance on exploiting demo environments. Skilled Funding also enforces a consistency requirement, particularly for High-Frequency Trading (HFT) users, mandating trades to remain within a defined range of the average trade size during the funded stage.

Payment Methods and Support

Skilled Funding accepts common credit/debit cards and cryptocurrencies for payments. All commission payouts are processed in cryptocurrencies, specifically BTC or USD-T, typically within 1-3 business days. In the event of any issues, traders can contact the support team via chat or the contact form available on the website for assistance. The firm emphasizes transparency, with no hidden rules, and provides comprehensive FAQs to ensure traders are well-informed about the program’s requirements and processes.

Conclusion: Is Skilled Funding the Right Choice for Traders?

Skilled Funding offers a compelling proposition for traders seeking to access significant capital with flexible evaluation conditions. With a profit split of up to 100%, unlimited time to complete the evaluation, and various trading styles allowed during the initial phase, the firm positions itself as a versatile option in the prop trading space. The absence of stringent time constraints on reaching the profit target, combined with a clear path to becoming a funded trader, makes Skilled Funding attractive for both novice and experienced traders looking for a less pressured evaluation environment.

The program’s structured evaluation and funded phases, with their distinct drawdown limits and profit targets, provide a clear framework for progression. However, it is crucial for traders to understand the restrictions placed on certain trading strategies in the funded stage, such as the prohibition of Grid and Martingale trading, which are not suited for real market conditions. Skilled Funding’s emphasis on consistency, particularly for HFT traders, underscores the firm’s commitment to maintaining a sustainable trading environment.

One of the standout features of Skilled Funding is its transparency and support infrastructure. The firm offers prompt support and multiple communication channels, ensuring that traders can quickly resolve any issues that arise. Additionally, the acceptance of both traditional payment methods and cryptocurrencies for withdrawals adds convenience and flexibility for traders worldwide. However, the firm’s geographical restrictions and the strict adherence to its rules can pose challenges for traders from certain regions or those employing specific strategies. Overall, Skilled Funding provides a well-rounded trading experience with clear benefits and defined limitations.

It caters well to traders who value high profit splits, diverse trading strategy allowances, and a supportive environment. The firm’s straightforward approach to evaluations, combined with its robust support system, makes it a strong candidate for traders looking to scale their trading with external capital. As with any prop trading firm, prospective traders should carefully review all program terms and conditions, ensure alignment with their trading strategies, and be prepared to comply with the firm’s rules to fully benefit from the opportunities Skilled Funding provides.