Funding Traders Review 🚩

In a dynamic world of prop trading, traders opt for prop firms with diverse accounts to benefit from unique opportunities in the financial markets. Funding Traders is a Forex prop trading company that offers funded accounts from 10k to 200k in funding and up to 100% profit sharing. Since a 100% profit split is typically a major red flag we decided to evaluate the firm’s critical features such as safety, accounts, fees, assets, platforms, support, and more.

Funding Traders has competitive fees on its funded accounts of 1-step and 2-step challenges. In this Funding Traders review, traders understand whether this firm can be trusted with their money.

🏛️Safety & Security of Funding Traders

When selecting a proprietary trading company, safety and reliability is a major concern. There are 3 factors to consider when assessing the firm’s safety.

Funding Traders was established in 2023 which means the firm lacks experience in the industry.

Another factor is trader reviews on reputable platforms such as FPA and Trustpilot. The firm lacks reviews on the FPA which is a major downside. On the Trustpilot, on the other hand, Funding Traders has more than 1400 reviews where 9% are 1-star evaluations. From these 1-star reviews, many traders complain that Funding Traders often label traders as failed and use obscure arguments indicating hidden rules. This is a major red flag and traders should avoid signing up with such firms at all costs.

We could not find evidence that Funding Traders is partnered with any regulated broker to provide safe trading environments, meaning the firm only offers demo accounts and acts as a broker.

Overall, the safety of Funding Traders is near zero and the firm can not be considered as a reliable prop company.

📊 Available Assets on Funding Traders

Asset diversity is critical in Forex prop trading, as traders often speculate on several different instruments. Funding Traders offers access to Forex pairs, indices, commodities, and crypto pairs. The leverage for each of the assets is FX 1:100, Indices/Gold 1:50, and Coins: 1:5.

There are no other asset classes available on the Funding Traders platform which is a downside for the firm. There are no socks, or futures offered at the moment. The firm claims to be offering commission-less trading on all of the assets and we assume spreads are from 1 pip on major pairs. All these assets can be traded on the Funding Trader’s web trading platform offered in the trader’s dashboard.

🗂️ Funding Traders Account Types

In the fast-growing sector of proprietary trading, funded accounts play a crucial role in attracting retail traders. Traders always search for diverse funded accounts to find suitable challenges and become funded as soon as possible. Funding Traders prop firm offers two account types but we found serious red flags. Let’s consider each of these accounts in more detail.

📌 Funding Traders 1-step funded account challenge offers the opportunity to access the following funded options, 10k, 25k, 50k, 100k, and 200k USD amounts. With a profit target of 10%, daily risk limitations of 4%, and a maximum drawdown of 5%, Funding Traders has very strict risk rules to follow. This funded challenge includes up to 100% profit sharing which is ridiculous and a red flag. Any firm offering a 100% profit split can not be taken seriously and we advise our readers to stay away from such firms with super-exaggerated claims. There are no minimum trading days, commissions are zero, 7 or 14-day payouts. News trading is allowed, a maximum of 2% loss is allowed per trade, and both weekly and overnight holding is allowed. The default profit split is 80% but with paid add-ons, traders can increase it to 90% or 100%.

📌 Funding Traders 2-step funded account challenge offers similar funding options as the 1-step account including 0k, 25k, 50k, 100k, and 200k USD amounts. Profit targets for phases 1 and 2 are 10% and 5% respectively. The daily risk limit is 5% and the maximum drawdown is 10%. These conditions are less strict than with 1-step accounts and traders have more chances to succeed. The drawdown calculator method is static. Profit split is also possible to increase to 100% and this is once again a serious red flag. Unlimited trading days and 0 minimum trading days are offered as well. Weekend and overnight holding are allowed and news trading is also possible. Traders can withdraw every 14 days or 7 days and the maximum loss per trade is 2%.

Overall, the firm offers diverse account selection including both 1-step and 2-step accounts. However, the 100% payout claims can not be overlooked and present a serious red flag for the firm. We recommend exercising extra caution when dealing with Funding Traders prop firm.

💸 Pricing on Funding Traders

Fees play an important role in prop trading as traders have to pay fees to sign for evaluation and get funded. Low fees are preferred for beginners to start trading cheaply and become funded. In case they fail to pass, low fees will allow traders to start over quickly without paying considerable fees.

Funding Traders has competitive fees for its funded account options and to make a clear comparison we will list all the one-time fees for all funded options on both accounts below.

📌 Funding Traders 1-step funded account challenge

• Funded amount: 10,000 USD – One-time fee:100 USD
• 25k USD – 200 USD
• 50k USD – 300 USD
• 100k USD – 550 USD
• 200k USD – 1,100 USD

📌 Funding Traders 2-step funded account challenge

• Funded amount: 10,000 USD – One-time fee: 100 USD
• 25k USD – 200 USD
• 50k USD – 300 USD
• 100k USD – 550 USD
• 200k USD – 1,100 USD

As we can see, both account types require exactly the same fees for similar funded options. This is very attractive as traders can choose the account that suits their trading experience and will not have to pay more for 1-step accounts. However, the red flags related to 100% profit sharing still persist making it risky to trade on this platform.

📱 Platforms and Mobile Trading on Funding Traders

Trading platforms are crucial in financial trading to quickly open and close positions and analyze markets using technical indicators. Funding Traders offers its proprietary web platform that allows traders to speculate on financial markets but lacks many advanced features. There are no custom technical indicators and EA support. This platform is inferior to advanced trading platforms such as MT5 or cTrader which is a major downside of the firm.

Funding Traders mobile trading is possible through the firm’s trading app and web platform. Despite this, mobile trading is still very limited at Funding Traders and it is better to opt for prop firms with advanced trading platforms while trading on the go.

📚 Education and research tools offered by Funding Traders

Education plays an important role in prop trading as traders need to have a full understanding of how this type of trading works. Funding Traders does not provide any educational resources except blogs. There are no trading courses, webinars, or video guides on important financial trading concepts which is a downside for the firm.

Funding Traders trading blog consists of posts about passing the firm’s funded challenges. Despite this, it can not be used as a full replacement for a prop trading education and traders will have to find resources on other platforms. Popular articles in the blog include traders’ guides for each of the firm’s accounts and funded options. There are also some articles about interesting facts and tips, but not suitable for proper education.

🤝 Customer Support on Funding Traders

Customer support is another important factor when selecting a prop trading firm. Responsive support with multiple channels should be offered to ensure traders resolve any issues quickly.

Funding Traders prop firm support includes email, Discord, and telegram options only. There is no built-in live chat support on the firm’s website which is a major downside for traders who don’t want to install separate messenger apps on their machines.

Overall, Funding Traders fall short in the support category as it lacks live chat and hotline channels. The lack of phone support can be considered a red flag and is never a good thing.

Frequently Asked Questions