The Funded Trader is a proprietary firm incorporated on the 12th of May, 2021. They have an office based in the US while offering their traders a chance to work with capital up to $1,500,000 in balance and with up to 90% profit splits. They are partnered with Eightcap and Purple Trading Seychelles as their brokers. The firm provides a well-structured dashboard that all of its clients can access, making it easier to manage risk with all the objectives of their statistics.
The Funded Trader Commissions Update
Is this another of The Funded Trader Update? The Funded Trader has announced yet another update, this time about their Commissions.
This week The Funded Trader will be making the following change to commissions on all accounts
| Instruments | Commission/ lot |
| Forex | $3/lot |
| Metals | $3/lot |
| Indices | $0/lot |
| Crypto | $0/lot |
This round turn is technically $1.50 per open/close. The firm also announced that they have officially partnered with ThinkMarkets, a new broker. They will be their exclusive broker for Competitions (starting June) and Free Trials Accounts. The Funded Trader will also consider offering them for challenge accounts as well, starting in June. The firm has shared that they are working with their technical team so that they can offer raw spreads.
They also shared the reason they are reducing the commissions. This is due to the current spreads on Eightcap. They have had a transition in their leadership team, which is causing delays around the firm’s amended contract. Once this is resolved, the firm will get the access they need to execute the technical setup they need to offer raw spreads again.
For now, they will reduce the commissions in order to assist their community. The firm understands this can be frustrating, so they have reduced the commissions. The New Broker and reduced commissions are the ultimate way of The Funded Trader to accommodate their community. This is incredible. We always love a Community-oriented prop firm.
Now, you can join them by using our discount code (FOREXPROPREVIEWS) and getting a 10% off. Or you can read the Review.
