Trader Funder offers a clear path to becoming a funded trader by providing capital to skilled traders who can pass their assessment challenges. With competitive pricing, flexible rules, and a transparent payout process, Trader Funder is dedicated to helping traders succeed.
Company Information
- Company Name: Trader Funder
- Legal Name: Prop Account, LLC
- CEO Name: Robert Billing
- Support Email: [email protected]
Challenge Details
1-Step Challenge
Pricing:
- $10,000 Account: $100
- $25,000 Account: $200
- $50,000 Account: $375
- $100,000 Account: $750
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 5%
- Profit Share: 80%
- Drawdown Type: Trailing
- Time Limit: None
- Leverage: Forex 30:1, Metals 20:1, Indices 10:1, Oil 5:1, Crypto 2:1
- Payout Frequency: Every 30 Days
- Allows Copy Trading: No
- Min Trading Days: None
2-Step Challenge
Pricing:
- $10,000 Account: $100
- $25,000 Account: $200
- $50,000 Account: $300
- $100,000 Account: $500
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Total Loss: 8% (Static)
- Daily Loss: 5%
- Profit Share: 80%
- Drawdown Type: Static
- Time Limit: None
- Leverage: Forex 30:1, Metals 20:1, Indices 10:1, Oil 5:1, Crypto 2:1
- Payout Frequency: Every 30 Days
- Allows Copy Trading: No
- Min Trading Days: None
Scaling Plan
Trader Funder does not offer a scaling plan, traders are encouraged to focus on maintaining steady growth. By consistently hitting profit targets and adhering to drawdown rules, traders can build a solid account balance over time.
Spreads and News Trading Rules
Spreads:
The platform offers variable spreads based on market conditions. For most major currency pairs, the spreads are competitive, ranging between 0.5 to 1.5 pips. Spreads may widen during volatile market conditions such as news events or market openings.
News Trading Rules:
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced, or having their account breached altogether.
Other Important Rules
Daily Drawdown Calculation:
The daily drawdown is calculated based on the equity at the end of the day at 5PM EST. as the daily drawdown calculated every day and based on the equity, drawdown limit will keep changing and can increase or decrease based on PnL in the account.
Countries Banned from Purchasing:
The platform does not allow residents from OFAC-sanctioned countries to purchase its services. This includes countries such as North Korea, Syria, Iran, and Cuba.
Gambling Rules:
The platform prohibits any gambling-like behavior, including opening excessively large positions with the intent of a quick profit. Traders are expected to follow sound risk management practices at all times.
Prohibited Trading Strategies:
There are few trading strategies that are not allowed and using them can breach the account and these strategies are :
- Exploiting errors or latency in pricing or platform execution
- Utilizing non-public and/or insider information
- Front-running of trades placed elsewhere
- Trading in any way that jeopardizes the company’s relationship with the liquidity provider
- Trading in any way that creates regulatory issues for the liquidity provider
- Trading in conjunction with other traders to increase company risk
- Utilizing third-party, off-the-shelf, or marketed strategies to pass challenge accounts
- Using one strategy to pass an assessment and a different strategy on a funded account
- Arbitraging an assessment account with another account within the company or a third-party company
Payout Methods
Funder Trader offers 2 payout Methods for withdrawing payouts.
Trading Commissions
Commissions are applied based on the rates charged by Trader Funder’s liquidity providers, similar to those offered to self-funded retail traders.
