The Funded Trader Program is one of the leading legitimate proprietary trading firms in the industry that is attracting many forex traders. They were incorporated on the 12th of May, 2021 with offices based in the USA. They are offering traders a chance to work with capital up to $1,500,000 with a generous profit split up to 90%.
The Funded Trader Program offers two different funding programs. You can choose between the following:
- Standard challenge (two-step challenge)
- Rapid challenge (two-step challenge)
In this article, however, we are going to do a breakthrough of the rapid challenge.
They offer three different account sizes:
- $50,000 account for a one-time fee of $299
- $100,000 account for a one-time fee of $499
- $200,000 account for a one-time fee of $899
The rules of the standard challenge are the following:
- Profit target 1: 8%
- Profit target 2: 5%
- Daily drawdown: 5%
- Overall drawdown: 8%
- Minimum trading days: 0 calendar days
- Phase 1 maximum trading period: 35 calendar days
- Phase 2 maximum trading period: 60 calendar days
- Leverage: 1:100
After successfully completing the standard challenge, you receive a funded account of the same balance as your evaluation account while also becoming eligible to profit splits of 80%, which have the potential to increase to 90% after you start scaling your account.
As previously mentioned, The Funded Trader Program also has a scaling plan for the rapid challenge that is available to traders who are consistently profitable. The requirements to be eligible for the scaling plan are that you must reach a profit target of 10% in one profit split. When a trader requests a payout, they will gain an additional 10% to their account balance if the withdrawal is greater than 10% of the initial account balance. You should also note that if during a three-month period you qualify for the 10% scaling two out of three months, you are then eligible for a permanent 90% profit split.