The Funded Trader Review
Flexible Rules, Fast Payouts
The Funded Trader Overview
The Funded Trader (TFT) is a US-based prop firm founded in 2021 that has quickly become one of the most popular alternatives to FTMO. Known for competitive pricing, flexible rules, and multiple challenge types, TFT offers funding up to $600,000 - the highest in the industry.
Budget Friendly
Challenges starting from just $65 - one of the lowest entry points in the prop firm industry.
$600K Max Funding
Scale to the industry's highest funding level through consistent profitability.
Multiple Challenge Types
Standard, Rapid, and Knight challenges to match your trading style and risk tolerance.
News Trading Allowed
Trade high-impact news events without restrictions - more flexibility than most competitors.
Challenge Options
TFT offers multiple challenge types. The Standard Challenge is most popular, but Rapid and Knight options suit different trading styles.
Comparison Table
Compare features, pricing, or specifications
| Account Size | Price | Profit Target | Max Drawdown | Daily Drawdown | Time Limit |
|---|---|---|---|---|---|
| $5,000 | $65 | 10% | 10% | 5% | 35 days |
| $50,000 | $299 | 10% | 10% | 5% | 35 days |
| $200,000 | $949 | 10% | 10% | 5% | 35 days |
Challenge Types Explained
Standard Challenge
Two-phase evaluation with 10% then 5% profit targets. 35 + 60 day timeframes. Balanced approach for most traders.
- Phase 1: 10% profit in 35 days
- Phase 2: 5% profit in 60 days
- 10% max drawdown
- 5% daily drawdown
Rapid Challenge
Single-phase evaluation for faster funding. Higher profit target but no verification phase needed.
- One phase only
- 8% profit target
- 5% max drawdown
- Faster to funded
Knight Challenge
Aggressive option for confident traders. Higher targets with potentially better reward structure.
- 12% profit target
- Higher risk/reward
- For experienced traders
- Unique scaling benefits
Trading Rules
TFT is known for flexible rules. Here's what you need to know to pass and stay funded.
Maximum Drawdown: 10%
Your equity cannot drop more than 10% below your initial balance. This is the same as FTMO and industry standard for most challenges.
Daily Drawdown: 5%
Daily loss limit of 5% based on the previous day's closing balance. Resets at server rollover time.
News Trading: Allowed
Trade during NFP, FOMC, and other high-impact events without restrictions. More flexibility than many competitors.
Weekend Holding: Allowed
Hold positions through weekends. Be mindful of potential gaps affecting your drawdown limits.
Minimum Trading Days: 5
Must trade on at least 5 separate days during each evaluation phase. Slightly higher than FTMO's 4-day minimum.
EAs: Allowed
Automated trading via Expert Advisors is permitted. Copy trading services are also allowed within their guidelines.
Payouts & Profit Split
TFT offers competitive profit splits with bi-weekly payout cycles once funded.
Keep 80% of all profits from your first payout as a funded trader.
Scale to 90% through consistent profitable trading over time.
Bi-weekly withdrawal requests once you become a funded trader.
Withdrawal Methods
Trading Platforms
TFT supports the major trading platforms. Choose based on your preferred trading style.
MetaTrader 4
MetaTrader 5
cTrader
Tradeable Instruments
Pros & Cons
Pros & Cons
Balanced evaluation of advantages and disadvantages
Pros
- Pro: Affordable pricing
- Pro: Flexible trading rules
- Pro: Multiple challenge options
- Pro: High max funding ($600K)
- Pro: Weekend holding permitted
Cons
- Con: Newer company (est. 2021)
- Con: Some payout delays reported
- Con: Customer support can be slow
Frequently Asked Questions
Frequently Asked Questions
Is The Funded Trader legitimate?
Yes, The Funded Trader is a legitimate prop firm founded in 2021 in Liberty Hill, Texas. They have paid out over $50 million to traders and maintain a solid reputation in the industry. However, as a newer company, they don't have the long track record of firms like FTMO.
How does The Funded Trader challenge work?
TFT offers multiple challenge types. The Standard Challenge has two phases: Phase 1 requires 10% profit in 35 days, Phase 2 requires 5% profit in 60 days. Both phases have 10% max drawdown and 5% daily drawdown limits. Pass both to become funded.
What is the TFT profit split?
The Funded Trader starts with an 80% profit split, meaning you keep 80% of profits. Through their scaling program, this can increase to 90% as you demonstrate consistent profitability over time.
Can I trade news with The Funded Trader?
Yes, news trading is allowed on The Funded Trader accounts. This is one of their more flexible rules compared to some competitors who restrict trading around high-impact news events.
Does TFT allow weekend holding?
Yes, you can hold positions over weekends with The Funded Trader. Be aware of potential gaps when markets reopen that could affect your drawdown limits.
How fast are TFT payouts?
The Funded Trader processes payouts bi-weekly. Most traders report receiving funds within 1-5 business days, though some have reported occasional delays during high-volume periods. They pay via bank transfer and crypto.
What makes TFT different from FTMO?
TFT offers lower prices ($65 starting vs $155), higher max funding ($600K vs $400K), and more challenge types including Rapid and Knight challenges. However, FTMO has a longer track record and more reliable payout history.
What is the TFT Knight Challenge?
The Knight Challenge is TFT's aggressive option with higher profit targets but also higher potential rewards. It's designed for confident traders willing to take on more demanding requirements for faster funding.
Our Verdict: 4.3/5
The Funded Trader offers excellent value with competitive pricing, flexible rules, and industry-leading $600K max funding. While not as established as FTMO, TFT is a solid choice for budget-conscious traders willing to accept slightly more counterparty risk for better terms.
Best For:
Prefer more track record? Check out FTMO instead.
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