Introduction

FundingTraders, founded in 2023 by industry veteran Stan G., has quickly risen to prominence in the world of proprietary trading. With a mission to empower future traders by providing them access to the necessary capital, tools, and education, FundingTraders aims to redefine the trading landscape. In this comprehensive review, we will delve into the firm’s offerings, evaluation framework, pricing, and how it stacks up against its competitors.

Fortunly Rating

• Price: Starting at $50 (One-time refundable fee)
• Tradable Assets: Forex, Indices, Stocks, Metals, Crypto
• Profit Split: Up to 100%
• Evaluation: Yes
• Refundable Fee: Yes
• Free Trial: No
• Minimum Trading Time: 1 day
• Leverage: Up to 1:100

FundingTraders’s Pros

• Wide assortment of plans and pricing options
• One-time refundable fee
• Comprehensive knowledge library
• Strong community support
• Top-notch customer service
• News trading allowed

FundingTraders’s Cons

• Only two payment methods available

How Does FundingTraders Work?

FundingTraders operates as a proprietary trading firm, providing traders with the capital necessary to trade. In return, traders share a portion of their profits with the firm. The firm not only offers capital but also empowers traders with essential tools, knowledge, and a supportive community.

Focusing primarily on the foreign exchange market, FundingTraders provides traders with tools for leveraging expertise and risk management. The company promises high profit returns for traders at a low cost of trading.

FundingTraders Evaluation and Challenges

Upon signing up with FundingTraders, traders must complete an evaluation challenge to demonstrate their trading skills and strategies. The firm offers two types of challenges: 1-step and 2-step challenges.

1-Step Regular Challenge

• Profit Target: 10%
• Daily Drawdown: 4%
• Overall Drawdown: 5%

2-Step Challenge

• Phase 1 Profit Target: 10%
• Phase 2 Profit Target: 5%
• Daily Drawdown: 5%
• Overall Drawdown: 10%

Both challenges allow traders to withdraw funds after 7-14 calendar days, depending on the chosen funding method.

FundingTraders Pricing

FundingTraders distinguishes itself from competitors with a variety of trading account sizes to suit different investment levels. The firm offers 6 regular account sizes, ranging from the Beginner plan with a $50 entrance fee and $5,000 funded, to the Superior plan with a $1,000 fee and $200,000 funded.

For more serious traders, FundingTraders offers 4 premium plans:

• Expert: $1,500 entrance fee, $300,000 funded
• Elite: $3,000 entrance fee, $500,000 funded
• Apex: $10,000 entrance fee, $2,000,000 funded
• Professional: $5,000 entrance fee, $750,000 funded

Traders opting for Elite and Apex plans must complete an interview with CEO Stan G. and a 2-phase challenge process.

Trading Instruments and Leverage

FundingTraders offers a diverse range of trading instruments, including Forex, Indices, Stocks, Metals, and Crypto. In terms of leverage:

• Forex: Up to 1:100
• Indices and Gold: Up to 1:50
• Crypto: Up to 1:5

Payout Methods

Traders can choose between two payout methods:

1. Bank Transfer: 1-5 business days via Deel account
2. Cryptocurrency: Instant transfer for traders not in Deel’s allowed countries

Customer Support

FundingTraders offers multiple avenues for customer support, including live chat, contact form, Twitter, Discord, and email. The customer support team is responsive and attentive, providing assistance with any issues or queries.

Is FundingTraders Legit?

With a TrustPilot rating of 4.9/5 based on over 200 reviews, FundingTraders has garnered praise for its payout policy, strong community of expert advisors, customer support, and innovative approach to prop trading. These positive reviews attest to the legitimacy and reliability of FundingTraders as a prop trading firm.

Final Thoughts

FundingTraders stands out as one of the best prop trading firms due to its diverse range of plans, comprehensive trading assets, support from experienced traders, and access to a rich knowledge hub. Whether you’re a beginner or a veteran trader, FundingTraders offers an excellent choice for those looking to succeed in the world of proprietary trading.