Details About Funded By Traders
- Legal Name: The legal name of Funded By Traders is Funded By Traders L.L.C-FZ.
- Company Number: The registration number of Funded By Traders is 15901503.
- Country of Registration: Funded By Traders is registered in AE.
- CEO: The CEO of Funded By Traders is Jonas Schackt & Samuel O'Boyle.
- Support Mail: You can contact Funded By Traders at [email protected].
- Phone: The phone number for Funded By Traders is not publicly available.
- Payment Modes: Funded By Traders supports payments via Wire transfer/ Bank Transfer, Credit/Debit Card, Mastercard, Visa, Crypto.
- Withdrawal Modes: Funded By Traders facilitates withdrawals through Wire Transfer/ Bank Transfer, Crypto, PayPal.
- Official Website: Visit the official website of Funded By Traders at https://fundedbytraders.com.
- Banned Countries: Funded By Traders does not allow traders from CU, IQ, KP, LB, PK, SY, VN, YE.
Challenge Details at Funded By Traders
- Types of Challenge:The challenges offered at Funded By Traders include One Phase Challenge, Two Phase Challenge.
- Trading Platforms:Funded By Traders supports trading on MatchTrader, cTrader, DXTrade.
- Trading Instruments:Traders at Funded By Traders can trade Forex, Crypto, Indices, Metals.
- Broker:The broker associated with Funded By Traders is ThinkMarkets.
- Max Allocation:The maximum allocation provided by Funded By Traders is 400,000.
- Scaling:The scaling potential at Funded By Traders reaches up to 600,000.
- Trading Competitions:Funded By Traders does not organize trading competitions for traders.
- Free Trials:Funded By Traders does not offer free trials to its users.
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.
Funded By Traders Challenge Account Pricing
1-Step Challenge
Pricing
Size: 5000 ($49)
Size: 10000 ($89)
Size: 25000 ($169)
Size: 50000 ($269)
Size: 100000 ($449)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
6%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%
Daily Loss
4%
2-Step Challenge
Pricing
Size: 5000 ($49)
Size: 10000 ($89)
Size: 25000 ($169)
Size: 50000 ($269)
Size: 100000 ($449)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
8%-5%
Daily Loss
5%
Funded+ Challenge
Pricing
Size: 5000 ($49)
Size: 10000 ($89)
Size: 25000 ($169)
Size: 50000 ($269)
Size: 100000 ($449)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
8%-5%
Daily Loss
8%
Frequently Asked Questions
Reviews
No reviews availavle!
Banned Countries by Funded By Traders
Countries highlighted in red are restricted.