Overview of Skilled Funded Trader Forex Prop Firm

TheTrustedProp

Date: April 29, 2024

In the world of finance and trading, the Skilled Funded Trader program is making waves. This article will provide you with an in-depth overview of Skilled Funded Trader, covering essential details and benefits. Let's dive right in!

Company Details

Name: Skilled Funded Trader
Legal Name: Undisclosed
CEO: Undisclosed
Founded: October 2023
Registration: Not publicly available

Challenge Details

Skilled Funded Trader offers two evaluation programs: the Standard program and the Skilled program, each with its unique set of challenges.

Standard Program

Swing Challenge

Step 1: Challenge

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 3 days
Simulated Trading Leverage: 1:30 Maximum Leverage
Maximum virtual daily loss: 5%
Virtual Profit Target: 8%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 2: Verification

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 3 days
Simulated Trading Leverage: 1:30 Maximum Leverage
Maximum Virtual Daily Loss: 5%
Virtual Profit Target: 5%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 3: Skilled Funded Traders

Simulated Trading Period: Indefinite
Minimum Simulated Trading Days: X
Simulated Trading Leverage: 1:30 Maximum Leverage
Maximum Virtual Daily Loss: 5%
Virtual Profit Target: none
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: 21 Days
Virtual Profit Split: 80% | 90% with Scaling
Maximum drawdown: Customizable (8% or 10%)

Account sizes: 5000$, 10000$, 25000$, 50000$, 100000$, 200000$.

Regular Challenge

Step 1: Challenge

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 3 days
Simulated Trading Leverage: 1:100 Maximum Leverage
Maximum virtual daily loss: 5%
Virtual Profit Target: 8%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 2: Verification

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 3 days
Simulated Trading Leverage: 1:100 Maximum Leverage
Maximum Virtual Daily Loss: 5%
Virtual Profit Target: 5%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 3: Skilled Funded Traders

Simulated Trading Period: Indefinite
Minimum Simulated Trading Days: X
Simulated Trading Leverage: 1:100 Maximum Leverage
Maximum Virtual Daily Loss: 5%
Virtual Profit Target: none
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: 21 Days
Virtual Profit Split: 80% | 90% with Scaling
Maximum drawdown: Customizable (8% or 10%)

Account sizes: 5000$, 10000$, 25000$, 50000$, 100000$, 200000$.

Skilled Program

Step 1: Challenge

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 5 days
Simulated Trading Leverage: 1:50 Maximum Leverage
Maximum virtual daily loss: 4%
Virtual Profit Target: 6%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 2: Verification

Simulated Trading Period: UNLIMITED DAYS
Minimum Simulated Trading Days: 5 days
Simulated Trading Leverage: 1:50 Maximum Leverage
Maximum Virtual Daily Loss: 4%
Virtual Profit Target: 6%
Weekend Holding: Yes
Simulated News Trading: Yes
First Withdrawal: X
Virtual Profit Split: X
Maximum drawdown: Customizable (8% or 10%)

Step 3: Skilled Funded Traders

Simulated Trading Period: Indefinite
Minimum Simulated Trading Days: X
Simulated Trading Leverage: 1:50 Maximum Leverage
Maximum Virtual Daily Loss: 4%
Virtual Profit Target: none
Weekend Holding: Yes
Simulated News Trading: No
First Withdrawal: 14 Days
Virtual Profit Split: 80% | 90% with Scaling
Maximum drawdown: Customizable (8% or 10%)

Account sizes: 5000$, 10000$, 25000$, 50000$, 100000$, 200000$.

Other Details

Skilled Funded Traders prides itself on providing industry-leading technology solutions, trading platforms, and vast industry experience. Here are some additional details:

Benefits

Unlimited Trading Periods: Traders have unlimited time to complete Phase 1 and Phase 2 of the Skilled Funded Traders Challenge.
Scaling Plan: Generous scaling plans allow funded traders to scale their demo account up to $2M virtual currency.
Payout System: Exclusive cryptocurrency payout method for convenience and flexibility.

Who We Are

Skilled Funded Traders is founded by professional day traders and entrepreneurs, including Omar Agag, Palden Bhutia, and Riz Iqbal, who collectively have over 15 years of trading experience. Their goal is to provide the best trading experience and conditions for traders.

Our Mission

The mission of Skilled Funded Traders is to change the lives of traders by offering the best tools and conditions for success, inspired by their own experiences with prop firms.

This comprehensive overview should provide you with a solid understanding of what Skilled Funded Trader offers and what to expect from their evaluation programs. If you're ready to prove your trading skills, this might be the opportunity you've been looking for.

FAQs

Can I use a trading robot or EA's?

Yes, Expert Advisors (EAs) are permitted, allowing traders to automate their trading strategies and enhance efficiency. Ensure that your EAs comply with trading guidelines and regulations for a smooth experience.

Am I permitted to use copy trading software?

You can use your Skilled Funded Traders account as your primary account and duplicate trades from your personal account or another firm trading account into your Skilled Funded Traders account. However, copying trades to accounts belonging to other individuals is not allowed.

Is trading the news permitted?

News trading is allowed in both Phase I and Phase II of the challenges, but certain restrictions apply, especially for Regular and Skilled Simulated Funded Accounts.

Can I scale my account if I am a successful trader?

Yes, Skilled Funded Traders offers a scaling plan that allows traders to increase their account size based on consistent performance, leading to higher potential payouts over time.

When does my challenge officially begin?

All challenges officially begin upon placing the first simulated trade, ensuring a fair start for all participants.

What is the Max Overall Drawdown, and how does it work?

Traders can choose the Maximum Virtual Drawdown when selecting their account, either 8% or 10%. Violating the Max Overall Drawdown rule will result in the termination of your trading account.

Countries Under Payout and Affiliate Restrictions

Skilled Funded Traders has limitations on payouts and affiliates in certain countries due to regulatory restrictions.

Am I permitted to trade over the weekend?

Weekend trading is allowed for Swing Accounts, but Regular Accounts are not allowed to hold trades during weekends.

What instruments and pairs can I trade?

With Skilled Funded Traders, you can trade a wide range of instruments, including Forex, Commodities, Indices, and Cryptocurrencies.