The Funded Trader


Everything About The Funded Trader Knights Challenge

Date: May 10, 2024

In the fast-paced world of financial trading, opportunities for traders to prove their skills and earn funding are highly sought after. The FUNDED TRADER EVALUATION PROGRAM, often referred to as the "Knights Challenge," is a unique and enticing pathway for traders looking to secure funding for their trading endeavors. In this comprehensive guide, we will take you through all the essential details of this program, including its phases, rules, and potential rewards.


Before we delve into the specifics of the Knights Challenge, let's understand what THE FUNDED TRADER KNIGHTS CHALLENGE are all about.

1. Phase Challenge

The FUNDED TRADER EVALUATION PROGRAM offers a one-phase challenge that sets it apart in the industry. Traders need to pass just one phase to become funded. This streamlined approach makes it an attractive option for traders seeking a straightforward path to funding their trading accounts.

7 Days to First Payout

For those who value speed and efficiency, the Knights Challenge provides an enticing proposition. You can achieve your first payout in as little as 10 days, making it one of the fastest routes to accessing your trading profits.

No Limits and EAs Allowed

Unlike some challenges that impose restrictions, the Knights Challenge is designed to give traders freedom. There are no limits on lot sizes, and you can use Expert Advisors (EAs) without worrying about breaking any rules. This flexibility empowers traders to implement their preferred strategies without constraints.

A Comprehensive Guide to The Funded Trader Knights Challenge

Now that we have a basic understanding of the FUNDED TRADER EVALUATION PROGRAM, let's take a closer look at the Knights Challenge and its key components.

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The Knights Challenge revolves around a Simulated Profit Target and simulated drawdown rules. It's crucial to understand these rules before embarking on the challenge.

Simulated Profit Target and Simulated Drawdown Rules

The Knights Challenge comprises a one-phased evaluation process where a trader has unlimited calendar days to achieve a 10% Simulated Profit Target. This target serves as a performance benchmark throughout the challenge.

During the trading period, traders must adhere to specific drawdown rules. Firstly, they must not exceed a maximum daily simulated drawdown of 3% of their account's equity. Secondly, they should avoid hitting a maximum relative simulated drawdown of 6% from the starting balance of their account. These rules are in place to ensure responsible risk management.

Importantly, there is no minimum requirement for the number of trading days, allowing traders to progress at their own pace.

Knights Challenge Payout

One of the standout features of the Knights Challenge is the rapid payout system. After just 7 days of acquiring the Simulated Funded Account, traders become eligible for payouts. This quick access to profits is a testament to the program's efficiency and commitment to supporting traders.

Furthermore, there are no lot size limits, and traders can utilize EAs and Trade Copiers, enhancing their trading capabilities.

What is the Maximum Account Size and Limit on the Number of Accounts I Can Trade?

Understanding the program's account size limits is essential for participants.

Members of The Funded Trader can have a maximum of simulated funds amounting to $1.2 million in active challenge accounts and an additional $600,000 in active simulated funding accounts. It's important to note that these limits define the extent to which traders can engage in trading activities.

What Types of Simulated Accounts Are Included in These Maximum Limits?

To clarify further, the combined total of simulated funds across all Standard Challenge, Rapid Challenge, Knight & Royal Challenge accounts is $1.2 million. This comprehensive approach ensures that traders have a clear understanding of their trading limits.

What if I Receive More than the Maximum in Virtual Funding?

Should traders receive more than $600,000 in funding, any excess virtual funded demo accounts acquired will be held until they become eligible to trade them. This measure ensures fair and responsible utilization of virtual funding resources.

How long do I have to pass the TFT simulated evaluation process for the Knights Challenge?

One of the notable advantages of the Simulated Knights Challenge is its flexibility. There are no minimum or maximum simulated trading days, and traders have unlimited time to complete the challenge. Whether you aim to pass in a single day or take several months, the program accommodates your pace.

When can I withdraw my payouts for the Knights Challenge?

Payouts for the Knights Challenge are processed efficiently. Traders who select this challenge can receive 80% of their simulated profits every 7 days after placing their first trade. Subsequent withdrawals can be requested 7 days after the previous withdrawal, ensuring regular access to trading profits.

Knights Challenge Scaling Plan and Enhanced Simulated Profit Split

For traders seeking to grow their simulated account size and potential payouts, the Knights Challenge offers a scaling plan. This plan allows traders to add 25% of their initial demo account simulated balance to their Simulated funded account balance, along with 90% payout splits. Additionally, the daily drawdown limit increases from 3% to 4% upon scaling.

Review Process

Every 3 months, Simulated Funded accounts from the Knights Challenge undergo a review process. Traders who have demonstrated profitability for at least 2 out of the last 3 months become eligible for an account size increase equal to 25% of their original account balance. This feature rewards consistent performance and allows traders to potentially access larger account sizes.

Maximum Simulated Funded Account Balance Potential

The Funded Trader program empowers traders to scale their virtual demo account balances significantly. With the 25% account increase, traders can take their virtual funds up to $1.5 million. This level of potential funding opens up exciting opportunities for traders looking to expand their trading activities.

Increased Simulated Profit Split

As an added bonus, eligible traders can enjoy 90% payouts once they qualify for the scaling plan. This enhanced profit split further incentivizes traders to perform consistently and aim for higher returns.

Understanding Simulated Max Daily and Total Drawdown in the Knights Challenge

To ensure responsible trading, it's crucial to comprehend the drawdown limits in the Knights Challenge.

Maximum Virtual Daily Loss | 3%

On any given working day, traders must ensure that their simulated daily drawdown does not exceed 3% of their account's initial balance. This includes simulated commissions and swap fees. The daily drawdown resets every day at 5:00 PM EST.

Simulated Overall Drawdown | 6%

The program also imposes a maximum total drawdown limit of 6% of the account balance. This limit increases as the simulated account balance grows. Once a trader's profit percentage surpasses the 6% relative drawdown, the overall drawdown locks in at the original demo account balance.

Violations of these drawdown rules may result in the termination of the simulated trading account.


The FUNDED TRADER EVALUATION PROGRAM's Knights Challenge offers a unique and transparent path for traders to secure funding for their trading activities. With its flexible rules, rapid payouts, and potential for account growth, it stands out as an attractive opportunity in the trading world.

For those eager to take their trading to the next level and access funding efficiently, the Knights Challenge provides a clear roadmap to success. Whether you are a seasoned trader or just starting, this program offers a fair and rewarding pathway to achieving your trading goals.


To be eligible for the Knights Challenge payout, you need to acquire a Simulated Funded Account and wait for 7 days after your first trade.

Yes, the Knights Challenge allows you to use Expert Advisors, offering flexibility in your trading strategies.

Violating the drawdown rules may lead to the termination of your simulated trading account. It's essential to adhere to these rules to continue in the program.

Simulated Funded accounts from the Knights Challenge undergo a review every 3 months to assess traders' performance and potential for account size increases.

With the scaling plan, you can potentially scale your virtual funds up to $1.5 million, offering significant growth opportunities for traders.

The Funded Trader