The Funded Trader Review: All Pros and Cons of the Prop Firm

Last updated on March 20, 2025 Reading time: 15 Min.

Written by: Andre Witzel

Fact checked by: Johannes Striegel

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How we make money

12341

4

Rating by Witzel Trading

User’s Rating

12341

3.8

5 Positive 0 Negative

The Funded Trader Ratings:

Profit Share

5 / 5

Platforms

4 / 5

Support

4 / 5

Tools

3 / 5

Trust Score

90 / 100

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Give your rating

WR Trading has evaluated online trading platforms for over 12 years, earning respect in the industry. We gather extensive data points annually and publish meticulously researched reviews. Our thorough testing process analyzes critical aspects such as usability, fees, customer service, and trading features. We aim to provide unbiased, data-driven assessments to help traders make informed decisions. Learn more about our rigorous testing methodology and why traders worldwide trust our evaluations. Read our review methodolgy.

Facts about the prop trading firm

Free Trial: Yes

Costs: Monthly fee varies by account size and challenge type, starting from $60 to $1,390

Challenge: Standard, rapid, royal, knight, and dragon challenges, account sizes range from $5,000 to $200,000.

Minimum Trading Days: 0 days

Drawdown: 10%.

Profit Share: 90%

Minimum Balance: $5,000

Instant Funding: Yes

Withdrawals: Traders can request payouts via the Trade Hub once they are verified and have a funded account. Rules for withdrawals vary for each account type.

Payment methods: Credit/debit cards and cryptocurrency

Trading Instruments: Futures

Platforms: Platform 5, cTrader, DXtrade

Support: FAQ section, Phone number (888-920-3079), Live chat, Email (support@thefundedtraderprogram.com)

The Funded Trader Pros And Cons list:

• High profit splits up to 90/10
• Multiple account types are available
• Flexible payout options
• Quick payout processing times
• Opportunity for account scaling
• Access to substantial trading capital
• Partnered with a reliable broker - Eightcap
• Comprehensive customer support
• User-friendly trading platforms
• Regularly offers promo codes for discounts

• Not regulated like traditional financial institutions
• Platforms restricted to non-U.S. clients
• Requires passing a challenge to access funds
• Challenge fees are non-refundable
• High drawdown rules can be challenging
• Trading rules must be strictly followed
• Limited to specific trading platforms (Platform 5, cTrader, DXtrade)
• Responsibility for personal tax obligations
• No instant funding options are available
• Traders must be consistent to qualify for scaling

Visit website Warning: Your Capital is at Risk!

In our detailed review of The Funded Trader, we tested the platform to provide a clear picture of its offerings. The Funded Trader is a proprietary trading firm designed to provide traders with access to significant trading capital. This review aims to outline the benefits and drawbacks of the firm, ensuring you have all the necessary information to decide if it suits your trading needs. Our hands-on experience with The Funded Trader revealed insights into its business model, account types, funding process, and overall reliability.

Summary of Our Expert:

Andre Witzel

Trader & Editor-in-Chief

My expert review of The Funded Trader highlights its robust offering for traders looking for substantial capital. The firm provides profit splits up to 90/10, depending on my performance and account type. I can choose from various account sizes, ranging from $5,000 to $200,000, depending on my level of experience and risk tolerance. The trading platforms supported include Platform 5, cTrader, and DXtrade, which are offered through Voyage Markets and Thaurus LTD. These platforms provide advanced tools and a seamless trading experience. Overall, The Funded Trader stands out for its comprehensive support, transparent operations, and strong potential for profit growth.

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5 The Funded Trader Customer Reviews and Ratings

Customer reviews are crucial for gaining a comprehensive view of the services offered. All user reviews are published according to our Review Guidelines.

At the moment we have 5 reviews from Traders about The Funded Trader. Of the reviews, 100% are positive and 0% negative. On a star scale of 1 to 5, this results in an average rating of 3.8, which can be classified as positive.

All (5) Positive (5) Negative (0) Give your rating

User review

12345

4.8

 

Profit Share

5

Platforms

4

Support

5

Tools

5

Jonas T 20.08.2024

The Funded Trader is a good option if you’re looking to get funded without too much hassle (see what I did there HAHA). Their evaluation process is fair, and I like that they give you decent leverage and a variety of accounts to choose from. Plus, payouts have been smooth for me, which is a big plus. That said, their platform really needs some work. It’s clunky and not as user-friendly as I’d hoped. The layout is confusing, and it took me a while to get used to it. Sometimes the platform lags, especially during high-volume trading periods, which can be frustrating. I also noticed some bugs here and there, like random logouts and issues with placing orders.

User review

12345

5

 

Profit Share

5

Platforms

5

Support

5

Tools

5

Hansel Lee 08.08.2024

5/5. Recommended to any new traders. They've got everything you could possibly want. Support answers quickly and their platform is intuitive and relatively easy to use. Although I took some time trying to understand the settings, everything else was smooth!

User review

12341

3.3

 

Profit Share

4

Platforms

3

Support

3

Tools

3

Samuel Liew 31.07.2024

Pretty sure anyone researching this can find a lot of information about this online. None of your trades actually reached the real market and payouts are from failed challenges. Traders are given long periods/ indefinite amounts of time to do their challenges and are reliant on themselves to be profitable and consistent. There are still cases where people don't get their accounts back or are owed money and are still waiting for their payouts.

User review

12312

3

 

Profit Share

3

Platforms

2

Support

3

Tools

4

Broniela 29.07.2024

Passing phase 1 is usually easy, nothing much out of the ordinary but I've noticed that the slippage is borderline ridiculous. I know they take money from challenge fees but the pricing models and slippage makes it hard to get anything done well. Every trade seems to be a few points below or above what the interface shows. Tools wise they have sufficient but would really suggest anyone who is looking to trade with this firm to get their due diligence done

User review

12312

3

 

Profit Share

4

Platforms

2

Support

3

Tools

3

Thomas H 28.07.2024

Didn't like their platform personally but they are one of the biggest platforms that has been popular with people. They were doing forex and there have been issues from traders having their accounts shut down out of nowhere. Support replies quickly but has been pretty bad at giving actual support like telling us what rules we broke that resulted in accounts getting termianted.

What Is The Funded Trader?

The Funded Trader is a proprietary trading firm that offers traders the opportunity to trade with significant capital provided by the firm. Founded in 2021, its primary goal is to support traders who have proven strategies but lack the necessary funds to trade at a professional level.

The business model revolves around a performance-based funding approach. Traders start by participating in a simulated trading challenge that assesses their trading skills and discipline. Upon successfully passing the challenge, traders are granted access to live trading accounts with substantial capital allocations.

The platform supports trading in various financial instruments, including forex, crypto, commodities, and indices. This flexibility allows traders to diversify their strategies and take advantage of different market opportunities. 

Is The Funded Trader Legal?

Yes, The Funded Trader is a legitimate and legal entity. Although it is not regulated like traditional financial institutions, it operates under a transparent framework that ensures compliance with industry standards and best practices. There are no regulations or laws that prevent The Funded Trader from legally providing their services.

The firm has built a strong reputation for its transparency and reliability, which has been validated by numerous positive reviews on Trustpilot. In total, The Funded Trader has almost 20,000 reviews with a score of 3.6 stars. Our review indicates that The Funded Trader is a safe platform, providing a secure environment for traders to engage in proprietary trading without significant risks to their own capital.

Prop Trading Account Types With The Funded Trader

The Funded Trader offers various account types using a knights and dragons theme. As a result, traders can select the dragon, knight, royal, rapid, or standard challenges with different account sizes and profit goals. Here is an overview of the available account types:

Standard

Rapid

Royal

Knight

Dragon

The Challenge and Costs on The Funded Trader Explained

The Funded Trader operates on a challenge-based funding model, where traders must prove their trading skills and discipline before receiving access to live trading capital. Here’s a breakdown of how the challenge works and the associated costs:

The Challenge Process

Costs

The costs associated with participating in The Funded Trader’s challenges vary depending on the chosen account type and balance size:

Win Your The Funded Trader Challenge With WR Trading

The Funded Trader challenge is tough, requiring traders to prove their consistency and risk management capabilities. WR Trading’s course is tailored to help you complete this challenge. By focusing on high-risk reward strategies, scalping, and 1-minute chart trading, the course prepares you for the demands of The Funded Trader’s evaluation process. 

You’ll receive personalized coaching from Andre Witzel, ensuring you get specific guidance to improve your trading performance. The course also includes access to an exclusive community, offering trade analysis, continuous support, and direct contact with Andre and other experienced traders through regular webinars.

Promo Codes for Rebates

The Funded Trader often provides promo codes and special offers to help traders save on challenge fees and other costs. These promo codes can be found on their official website, social media channels, and through email newsletters.

Using a promo code during registration can provide discounts ranging from 10% to 30% off the standard challenge fees, making it more affordable for traders to start their journey. Additionally, The Funded Trader occasionally runs seasonal promotions and limited-time offers, so it’s beneficial to stay updated with their announcements.

Payouts on The Funded Trader

The section will cover the payout process on The Funded Trader. We’ll also go into the profit splits you’ll likely encounter when receiving a funded account.

Profit Sharing in Detail

Profit-sharing structures vary on The Funded Trader but start at 80/20 and can go up to 90/10. That means traders retain 90% of the profits while the prop firm receives 10%. Also, profitable traders can request larger accounts, providing access to more capital and higher leverage, thus increasing potential payouts.

Growth Potential

The growth potential for funded traders is substantial. Traders can request partial withdrawals, keeping some capital in their accounts to continue growing with each profitable trade. The firm also offers account scaling, where consistent profitability over three months can lead to a 25% increase in the account size.

Payout Methods

Once traders achieve profitability, they can request payouts through cryptocurrencies or bank transfers via Deel. Payouts are flexible and can be requested at any time, with no minimum time limit or amount restrictions. The processing time for payouts is typically within an eight-hour window during EST working hours.

Exclusive Benefits with The King’s Program

The Funded Trader recently introduced The King’s Program, which offers elite benefits such as:

• Immediate Withdrawals: Withdraw profits anytime without limitations on amount or frequency. 
• Quick Processing: Payouts are processed the same day.
• High-Profit Splits: Permanent 90% profit split for all payout requests.

Payout Requirements 

Funded accounts become eligible to request payouts based on the time since the first trade is placed on the funded account, and subsequent payouts become eligible based on the number of days after the date of your first trade following any previous withdrawal. Below is a table outlining eligibility criteria for different challenges:

Withdrawal Methods

Trading Platforms

The Funded Trader supports multiple trading platforms, each serving different trading needs and preferences. Here’s our review of each platform:

Platform 5 via Thaurus LTD

Platform 5, offered through Thaurus LTD, is a trading solution for non-US clients. Our review found that it provides a seamless trading experience with advanced charting tools, customizable interfaces, and efficient order execution. The platform’s user-friendly design makes it simple to navigate. However, the restriction to non-U.S. clients limits its accessibility, which could be a drawback for traders based in the U.S. Despite this limitation, Platform 5 remains a strong choice for those eligible to use it.

cTrader via Voyage Markets

cTrader, available through Voyage Markets, is another powerful trading platform restricted to clients outside the United States. In our evaluation, cTrader stood out for its sophisticated trading tools, including algorithmic trading capabilities and detailed market analysis features. The platform supports multiple order types and provides a comprehensive trading environment..

DXtrade via Voyage Markets

DXtrade, also provided by Voyage Markets, is designed to offer a flexible and intuitive trading environment. During our review, we found DXtrade to be highly customizable, allowing traders to tailor the platform to their specific needs. It supports a wide range of trading instruments and offers efficient order management and execution. While it shares the same restriction as the other platforms – being unavailable to US clients – DXtrade is an excellent option for traders looking for a versatile and user-friendly trading platform outside the U.S.

Which Broker Is Used by The Funded Trader?

The Funded Trader partners with Voyage Markets and Thaurus LTD to provide the necessary liquidity and access to the market. These partners ensure that traders have a secure and efficient trading environment. Voyage Markets and Thaurus LTD support advanced trading platforms and trading infrastructure. This partnership enhances the overall trading experience for The Funded Trader’s clients by providing reliable market access and support.

Taxes on The Funded Trader

Traders using The Funded Trader platform are responsible for managing their own tax obligations. Trading profits are treated like business income rather than capital gains, meaning traders must report their earnings according to the tax laws applicable in their respective countries.

Support and Education

The Funded Trader provides comprehensive support and educational resources to assist traders in their journey. For support, traders can use the following options:

• FAQ section
• Phone number – 888-920-3079
• Live chat
• Email – support@thefundedtraderprogram.com

The support team is responsive and knowledgeable, helping resolve any issues or answering queries promptly.

Alternatives

When considering alternatives to The Funded Trader, several other proprietary trading firms offer similar opportunities for traders to access capital and scale their trading careers. Here are four notable alternatives:

The Trading Pit

The Trading Pit is a reputable prop trading firm that provides traders access to significant trading capital. Our review found that The Trading Pit offers a comprehensive evaluation process similar to The Funded Trader, where traders must pass a challenge to demonstrate their trading skills. 

The firm offers a variety of account types with different profit splits and drawdown limits. Additionally, The Trading Pit provides educational resources and a supportive community, making it an excellent choice for traders looking to develop their skills and achieve consistent profitability.

Apex Trader Funding

Apex Trader Funding stands out for its flexible funding options and trader-friendly policies. The firm offers a straightforward evaluation process, where traders can choose their account size and profit target. The firm also has an excellent support system and a range of educational materials to help traders improve their strategies and achieve their trading goals. Apex Trader Funding’s commitment to transparency and trader support makes it a strong alternative for those seeking a reliable prop trading firm.

5%ers

5%ers is known for its unique profit-sharing model and growth-oriented approach. Unlike traditional prop firms, 5%ers allows traders to keep 50% of their profits from day one, with the potential to increase their profit share as they demonstrate consistent performance.

Our review highlighted that 5%ers offers a straightforward funding program with clear rules and objectives, making it accessible to traders of all experience levels. The firm also provides extensive educational resources, including live trading sessions and mentorship programs, to help traders enhance their skills. The emphasis on growth and education makes 5%ers a valuable option for traders looking to scale their trading careers.

Leeloo Trading

Leeloo Trading is another solid alternative, offering a flexible and supportive trading environment. The firm provides a variety of account types, allowing traders to choose the one that best fits their trading style and risk tolerance. We found that Leeloo Trading’s evaluation process is straightforward, with clear profit targets and drawdown limits. The firm also offers a unique feature called “Leeloo Express,” which allows traders to quickly qualify for funding with a one-step evaluation process. 

Conclusion

In our review, The Funded Trader proves to be a solid choice for traders looking to access substantial trading capital. The firm offers a structured challenge process, various account types, and high-profit splits, making it attractive for traders. Partnering with top brokers ensures a secure trading environment, and the comprehensive support and educational resources are excellent for skill enhancement. The flexibility in payout methods and account scaling potential further boosts its appeal.

Frequently Asked Questions on The Funded Trader:

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Andre Witzel

Expert of WR Trading

Trader and Founder

Andre Witzel is a trader and the founder of WR Trading. He started trading in 2015 next to his bachelor degree in economics. He is specialized on day trading and scalping the S&P500 Index. With high risk reward ratios he developed a strategic approach to beat the market and find the right directions.