Funding traders
Details About Funding traders
Legal Name: MCF Group FZCO and RSRD Limited
Company Number: DSCO-FZCO-24876
Country of Registeration: AE
CEO: STAN
Support Mail: [email protected]
Phone: Not available
Payment Modes: Credit/Debit Card, Crypto
Withdrawal Methods: Crypto, Deel
Website: https://fundingtraders.com
Banned Countries:
Challenge Details at Funding traders
Types of Challenges: One Phase Challenge, Two Phase Challenge
Trading Platforms: Trade Locker, cTrader, Metatrader
Trading Instruments: Forex, Crypto, Stocks
Broker: OtherEightcap
Max Allocation: $200,000
Scaling: $Not available
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
About Funding traders
FundingTraders is one of the new leading prop firms in the whole 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 $200,000 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.
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, 1-Step Evaluation and 2-Step Evaluation.
1-Step Evaluation :
Prices :
$10,000 : $100
$25,000 : $200
$50,000 : $300
$100,000 : $550
$200,000 : $1,100
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
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 : 7 Days
2-Step Challenge :
Prices :
$10,000 : $100
$25,000 : $200
$50,000 : $300
$100,000 : $550
$200,000 : $1,100
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 : 0 Days
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-
- The account must be at least 2 months old.
- Trader must have to make at least 8% profit in total in the span of 2 months
- 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.
$10,000 : $100
$25,000 : $200
$50,000 : $300
$100,000 : $550
$200,000 : $1,100
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
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 : 7 Days
$10,000 : $100
$25,000 : $200
$50,000 : $300
$100,000 : $550
$200,000 : $1,100
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 : 0 Days