FundingTraders, known legally as MCF Group FZCO and RSRD Limited, is a leading proprietary trading firm. It gives traders the chance to trade with large amounts of capital without risking their own money. The company is registered in Dubai and Hong Kong, offering a platform where traders can showcase their skills, pass evaluation programs, and eventually trade with significant account sizes. In this article, we'll explore what FundingTraders offers, including their programs, benefits, and the rules traders need to follow.

Company Background

FundingTraders operates under the legal names MCF Group FZCO and RSRD Limited. The company is registered in both Dubai and Hong Kong, with its Dubai office located at IFZA Business Park and its Hong Kong office at Suite C, Level 7, World Trust Tower. This dual registration ensures that the company is well-regulated, providing a secure environment for traders around the world.

Evaluation Programs at FundingTraders

1-Step Program

The 1-Step Program is designed for traders who want to get funded quickly without going through multiple evaluation phases. To succeed, traders need to reach a 10% profit target without exceeding a 5% daily drawdown or a 10% overall drawdown. Traders can keep 80% of the profits and get paid every 14 days. This program offers flexibility, with no minimum trading days required and the ability to hold trades overnight or over the weekend. Account sizes range from $10,000 to $200,000.

2-Step Program

The 2-Step Program involves two phases to ensure that traders can consistently perform before receiving funding. In the first phase, traders must hit a 10% profit target, and in the second phase, a 5% profit target, all while maintaining the same drawdown limits as the 1-Step Program. Like the 1-Step Program, traders can keep 80% of their profits, get paid every 14 days, and enjoy similar flexibility. Account sizes also range from $10,000 to $200,000.

Key Features of FundingTraders

FundingTraders is committed to letting traders trade larger amounts and get paid quickly. One of the most appealing features is the 100% profit split, which means traders keep all their earnings. The firm makes money by copying successful trades, so both the firm and traders benefit. Traders can expect to receive payouts as soon as seven days after their first live trade, minimizing the wait time for their hard-earned profits.

The Funding Process

Challenge Phase

The Challenge Phase is where traders prove their skills. They select an account size and aim to achieve a 10% profit target without exceeding the drawdown limits. This phase is crucial for determining if a trader will move on to the Funded Phase.

Funded Phase

Once traders pass the Challenge Phase, they enter the Funded Phase, where they can start earning real profits. Over time, successful traders can scale their accounts up to $2 million by consistently meeting the firm’s targets.

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Trading Rules and Conditions

Copy Trading

FundingTraders allows traders to copy trades across their own accounts, but they cannot copy trades to other traders’ accounts or share trading signals.

EA/Bots and HFT

The use of Expert Advisors (EAs) and bots is allowed, but High-Frequency Trading (HFT) is not permitted because it doesn’t work well in live market conditions due to latency issues.

Martingale Systems and Arbitrage Trading

FundingTraders does not allow strategies like martingale systems or arbitrage trading, as these methods are considered too risky and often don’t work in real market conditions.

News Trading

Traders are allowed to trade during news events, but they should be careful. High-risk events can lead to unpredictable market behavior, such as gaps or wide spreads, which can affect trading results.

Overnight/Weekend Holding

Traders can hold positions overnight and over the weekend, which is great for swing traders looking to capture longer-term market movements. However, it’s important to be aware of the potential for widened spreads, especially during the Monday Asia market open.

Account Management

Maximum Number of Accounts

Traders can manage multiple accounts, with a combined funded account limit of up to $500,000. There is no limit on the number of evaluation accounts a trader can have.

Merging Accounts

FundingTraders allows traders to merge funded accounts to simplify management, but only if the accounts haven’t been traded yet and are still at their initial balances.

Scaling Accounts

FundingTraders offers a scaling plan for consistently profitable traders. Every two months, traders who achieve an 8% profit can see their account size increase by 25%.

Available Trading Instruments

FundingTraders provides a variety of trading instruments, including Forex, cryptocurrencies, indices, and metals. This wide range allows traders to diversify their portfolios and take advantage of different market opportunities.

Conclusion

FundingTraders is a standout proprietary trading firm, offering flexible evaluation programs, quick payouts, and a generous 100% profit split. Their clear rules, coupled with the potential for significant rewards, make them an attractive option for traders serious about their craft. Whether you prefer a fast-track approach to funding or a more structured evaluation process, FundingTraders has a program to suit your needs.