Overview of Funding Traders Forex Prop Firm
TheTrustedProp
Date: April 27, 2024
In today's ever-evolving financial landscape, traders are constantly seeking ways to maximize their profits and achieve their trading goals. One company that has emerged as a reliable partner in this journey is Funding Traders, also known by its legal name, MCF GROUP. Under the visionary leadership of CEO STAN, Funding Traders has become a prominent player in the trading world. Let's delve into the details of this innovative firm and the unique challenges it offers to traders.
Company Details
Name: Funding Traders
Funding Traders, often referred to as MCF GROUP, is a trading company that has gained recognition for its commitment to helping traders succeed. With a strong emphasis on providing opportunities and support, Funding Traders stands out in the crowded financial market.
CEO: STAN
The driving force behind Funding Traders' success is its CEO, STAN. His leadership and vision have propelled the company to new heights, making it a top choice for traders worldwide.
Started in
Funding Traders has its roots in the dynamic city of Dubai, UAE. This strategic location positions the company at the crossroads of global financial markets, offering traders a unique advantage.
Challenge Details
Funding Traders offers two distinct evaluation processes to traders, each designed to assess and nurture their skills.
1 Step Evaluation
In the 1 Step Evaluation, traders face the following criteria:
- Profit Target: Traders must aim for a 10% profit.
- Daily Drawdown: The maximum daily drawdown allowed is 4%.
- Max Drawdown: Traders should not exceed a 5% max drawdown.
What's included in this evaluation:
- Up to 100% profit split
- Zero commissions
- Unlimited trading days
- News trading allowed
- Trailing overall drawdown
- Weekend/overnight holding
- Minimum trading days: 0
- 14-Day or 7-Day Payouts
Traders can choose from a range of account sizes: $5000, $10000, $25000, $50000, $100000, $200000, $500000.
2 Steps Evaluation
In the 2 Steps Evaluation, traders encounter the following requirements:
- Profit Target: Traders must aim for a 10% profit initially, followed by 5%.
- Daily Drawdown: The maximum daily drawdown allowed is 5%.
- Max Drawdown: Traders should not exceed a 10% max drawdown.
What's included in this evaluation:
- Up to 100% profit split
- 14-Day or 7-Day Payouts
- Unlimited trading days
- News trading allowed
- Zero commissions
- Max 2% loss per trade
- Minimum trading days: 0
- Weekend/overnight holding
- Account sizes: $5000, $10000, $25000, $50000, $100000, $200000, $500000.
Other Details
The Funding Process
Getting funded with Funding Traders is a straightforward process. Traders pass through two crucial phases:
Challenge Phase
During this phase, traders put their skills to the test. They aim to profit by 10% without going below 5-10% of their account size. This phase assesses their trading abilities and adherence to the rules.
Funded Phase
After successfully completing the challenge, traders become funded traders. They can earn up to 100% of the profits they make and have the opportunity to scale their accounts up to $2 million.
Payout
Traders can enjoy their profits with swift payouts. They receive their earnings as fast as 7 days after their first live trade on their funded account, along with a full refund of their evaluation fee. Payouts can be received directly in their bank account or instantly to their preferred cryptocurrency wallet.
Why Funding Traders?
Funding Traders distinguishes itself in several ways:
- 100% Profit Split: Unlike other prop firms, Funding Traders allows traders to keep the entire profit, creating a win-win situation.
- Zero Commissions: Traders can trade freely without worrying about fees.
- Fast 7-Day Payouts: With a lightning-fast payout system, traders receive earnings after only 7 days of successful trades.
Instruments Available to Trade
Funding Traders offers a diverse range of trading instruments, including:
- FX (Forex)
- Crypto (Cryptocurrencies)
- Stocks
- Indices
- Metals
This wide selection of instruments caters to the needs of multi-instrument traders, allowing them to profit from various markets. It's important to note that factors like leverage, contract size, and spread may vary across different instruments, so traders should conduct due diligence during their free trial account period to align with their specific trading strategy.
In conclusion, Funding Traders, led by CEO STAN, is a remarkable platform for traders looking to thrive in the financial markets. With its unique evaluation processes, swift payouts, and diverse trading instruments, Funding Traders offers a world of opportunities to traders. So, if you're ready to elevate your trading journey, consider joining Funding Traders today.
FAQs
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FAQs
Is Funding Traders suitable for beginners?
Absolutely! Funding Traders provides opportunities for traders of all levels, from beginners to experienced professionals. The evaluation processes are designed to assess and nurture your skills, making it an ideal platform to start or enhance your trading career.
What is the minimum account size to get started with Funding Traders?
Traders can choose from various account sizes, starting from $5000. This flexibility allows you to select an account size that suits your risk tolerance and trading goals.
How does the payout process work?
Traders can receive their payouts as fast as 7 days after their first live trade on their funded account. The earnings can be deposited directly into your bank account or your preferred cryptocurrency wallet.
Can I trade multiple instruments on Funding Traders?
Yes, Funding Traders offers a wide range of trading instruments, including FX, crypto, stocks, indices, and metals. You can diversify your portfolio and trade multiple instruments to maximize your opportunities.
Is Funding Traders suitable for swing traders?
Yes, Funding Traders allows traders to hold trades overnight or over the weekend, making it suitable for swing traders seeking to capture longer-term price movements.
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