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 :

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.

Micah Agboinkaimen

Funding traders