Company Information

Company Name: Funded By Traders
Company Legal Name: Funded By Traders L.L.C-FZ
Company Registration No.: 2419146.01
Operating Since: July 8, 2024
CEO Name: Jonas Schackt & Samuel O'Boyle

Challenge Details

Funded By Traders provides three challenge types tailored to suit various trading styles: 1-Step Challenge, 2-Step Challenge, and Funded+ Challenge. Below are the specific details for each:

1-Step Challenge Details

Pricing:

$5,000 account: $49
$10,000 account: $89
$25,000 account: $169
$50,000 account: $269
$100,000 account: $449

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 4%
Profit Share: 85%, scaling up to 100%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- 30:1 for Forex and cryptocurrency
- 15:1 for metals and indices
Max Lot Size: No limit
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 0 days

2-Step Challenge Details

Pricing:

$5,000 account: $49
$10,000 account: $89
$25,000 account: $169
$50,000 account: $269
$100,000 account: $449

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 5%
Profit Share: 85%, scaling up to 100%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- 30:1 for Forex and cryptocurrency
- 15:1 for metals and indices
Max Lot Size: No limit
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Funded+ Challenge Details

Pricing:

$5,000 account: $49
$10,000 account: $89
$25,000 account: $169
$50,000 account: $269
$100,000 account: $449

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 8%
Profit Share: 85%, scaling up to 100%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- 30:1 for Forex and cryptocurrency
- 15:1 for metals and indices
Max Lot Size: No limit
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Scaling Plan

Funded By Traders offers an exceptional scaling plan with which traders can increase their account size by 100%. To be eligible, Traders will only have to show that they are consistently profitable and end the month with profit for 3 months.

3 Months of Profitability:
- 20% capital increment of the initial balance
- Additional 1% in daily and overall drawdown
6 Months of Profitability:
- 30% capital increment of the initial balance
- Another 1% daily drawdown
9 Months of Profitability:
- 40% capital increment of the initial balance
- Further 1% daily drawdown increase
- 100% profit split
12 Months of Profitability:
- 50% capital increment of the initial balance
- Another 1% daily and overall drawdown increase

Spreads and News Trading Rules

Spreads:

Funded By Traders provides minimal spreads and also Traders can check live spreads via the cTrader platform using the following credentials:

Login ID: FBTSpreads
Password: FBTTrader

News Trading Rules:

Funded By Traders allow traders to trade during news but to ensure fair play, Traders are not allowed to trade 5 minutes before and 5 minutes after a high impact news. profits from trades executed within 5 minutes before or after high-impact news events will not be counted in both evaluation and funded phases.

Other Important Rules

Daily Drawdown Calculation:

Funded by traders calculate daily drawdown based on Static Drawdown for 1-Step and 2-Step Challenges. due to the nature of static drawdown, the Daily Drawdown limit sticks to the specific drawdown amount and does not change throughout the challenge and funded phase.

For Funded+ Challenge, Funded By Traders calculates daily drawdown based on Trailing Drawdown which means the daily drawdown amount does not grow or shrink but changes its position as trader makes profit and the balance reaches a new high amount.

Countries Banned from Purchasing:

Funded By Traders does not allow traders to purchase accounts who reside in the following countries :

Cuba
Iraq
North Korea
Lebanon
Pakistan
Syrian Arab Republic
Vietnam
Yemen

Gambling Rules:

Traders engaging in emotionally driven behaviors, such as chasing losses or overtrading, will be flagged. To prevent these activities, Specific guidelines include:

No trade should exceed 3% of account size.
Splitting trades into multiple positions counts as a single trade.

Prohibited Trading Strategies:

Certain high-risk strategies are not allowed, including:

Gap trading
High-frequency trading (HFT)
Toxic trading flow
Arbitrage
Hedge arbitrage
Latency arbitrage
Hedging
Hedging with multiple accounts
Hedging with opposing positions across firms
Copy trading from a different IP address or using third-party management

Payout Methods

Funded By Traders offers withdrawals via three main methods:

Bank Transfer
Cryptocurrency
Paypal

Trading Commissions

A standard commission of $7 per lot has been applied to all pairs offered by Funding By Traders.

IP Rule

Funded by Traders does not put any IP restrictions on their traders, Traders are allowed to use multiple devices to trade but if any sort of unusual activity is detected, for example, logging in a device from a different geographical location then the account can be suspended.

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