FundingTraders is one of the new leading prop firms in the prop firm space, FundingTraders was established in May 2023 and operated by CEO Stan. FundingTraders is a straightforward prop firm which provides the most competitive offers in the whole prop firm space, With offerings like 100% profit split and weekly payout and scaling plan, FundingTraders provides both 1 step and 2 Step challenge accounts. FundingTraders also provides max allocation of $500,000 and there are 2 extra funding programs named as Elite and Apex in which traders get up to $1 Million and $2 Million respectively which is only be given if CEO Stan will approve himself. When it comes to payouts, Funding Traders has also provided payouts of up to $4.7 Million.

Company Information

Company Name : Funding Traders

Company Legal Name : MCF Group FZCO and RSRD Limited

Company Registration Number : DSCO-FZCO-24876

Registered Country : Dubai and Hong Kong

Company Address(MCF Group FZCO) : IFZA Business Park, DDP - 001, A1 - 3641379065, Dubai

Company Address(RSRD Limited) : Suite C, Level 7, World Trust Tower, 50 Stanley street, CENTRAL, HONG KONG

Challenge Details:-

FundingTraders offers 2 types of challenge accounts, Rapid Program and Classic Funding.

Rapid Funding Details :-

Prices :

• $5,000 : $50

• $10,000 : $100

• $25,000 : $200

• $50,000 : $300

• $100,000 : $550

• $200,000 : $1,100

• $350,000 : $2,000

• $500,000 : $3,000

Rules:

• Profit Target : 10%

• Total Loss : 5%

• Daily Loss : 4%

• Profit Share : 80% , With add-ons profit share can be increased to 90% and 100%

• Drawdown Type : Trailing Drawdown and Static Drawdown for $350K Account

• Time Limit : Unlimited

• Leverage : FX - 1:100, Indices/Gold - 1:50, Crypto - 1:5

• Max Lot Size : no max lot size rule

• Payout Frequency : 14 Days, With add-ons 7 Days

• Allows copy trading : Yes 

• Expert Advisors : Yes

• Min Trading Days : 1 Day for Accounts up to $200k, After that 25 Days for $350K and 40 Days for $500K account.

Classic Funding Details :-

Prices :

• $5,000 : $50

• $10,000 : $100

• $25,000 : $200

• $50,000 : $300

• $100,000 : $550

• $200,000 : $1,100

• $350,000 : $2,000

• $500,000 : $3,000

Rules

• Profit Target(Phase 1): 10%

• Profit Target(Phase 2): 5%

• Total Loss : 10%

• Daily Loss : 5%

• Profit Share : 80% , With add-ons profit share can be increased to 90% and 100%

• Drawdown Type : Static Drawdown

• Time Limit : Unlimited

• Leverage : FX - 1:100, Indices/Gold - 1:50, Crypto - 1:5

• Max Lot Size : no max lot size rule

• Payout Frequency : 14 Days, With add-ons 7 Days

• Allows copy trading : Yes 

• Expert Advisors : Yes

• Min Trading Days : 1 Day for account size up to $100K, 7 Days for $200K, 25 Days for $350K and 40 Days for $500K account.

Scaling Plan :-

FundingTraders offers a really easy scaling plan for their traders who make consistent profit. There are few conditions which traders have to follow-

1. The account must be at least 2 months old.
2. Trader must have to make at least 8% profit in total in the span of 2 months
3. Both of these 2 months will have to be profitable.

Meeting these conditions will make the trader eligible for scaling up and the account size will increase by 25% and keep increasing based on each 2 months of consistent profit.

News Trading Rules :-

FundingTraders does not restrict traders from traders to trade during news, 

although there is one notable thing to understand that FundingTraders does not allow traders to heavily rely on news trading in both evaluation and funded phases.

Other Things to keep in mind:-

How is daily drawdown calculated :

Daily Drawdown in both 1-Step Evaluation and 2-Step Evaluation is based on Trailing Drawdown which means the drawdown limit will remain static to the initial balance but changes in position as the account grows.

Strategies that are not allowed :

There are few trading strategies which are not allowed by Optimal Traders and these strategies include : 

• High-Frequency Trading bots
• Martingale
• Grid Trading EA
• Arbitrage Trading
• Tick scalping
• Hedging Trading systems 

Payout Methods :

FundingTraders offer two different payment methods-

• Riseworks - For bank transfers, FundingTraders provide rise.
• Crypto - For crypto payments, FundingTraders provides Binance and Coinbase.

Trading Commissions :

Commissions are set to $3 per side in both Evaluation and Funded Phases.

IP Rules :

FundingTraders gives their traders the freedom to trade with Different IP Address but still advice traders to be cautious and keep their account safe from their end.

VPN/VPS Rule : 

Traders are also allowed to trade using VPN and VPS to maintain security.