Where is The Funded Trader Located? All About TFT
Are you a budding trader eager to step into the world of financial markets? Or perhaps you’re already honing your skills and looking for opportunities to advance? If so, you’ve likely come across The Funded Trader (TFT) program in your quest for success. But have you ever wondered where is The Funded Trader located? In this blog, we’ll delve into the heart of TFT, exploring its origins, its mission, and how it’s revolutionizing the way traders approach their craft. So, grab your trading journal and join us on this journey to uncover all there is to know about TFT.
Who Is The Funded Trader?
The Funded Trader is a prop trading firm that was established on May 12, 2021. While their office is located in the United States, they provide traders with the opportunity to access capital of up to $1,500,000 and offer profit splits as high as 90%. The firm has established partnerships with brokers such as Eightcap and Purple Trading Seychelles.
The firm provides an online demo trading evaluation platform where traders can showcase their skills in a risk-free environment by completing an assessment for a fee. Successful traders are then eligible to receive a simulated profit split on the profits generated in their Simulated Funded Account, subject to compliance with the company’s Terms of Use and Customer Agreement.
The Funded Trader aims to offer retail traders the opportunity to raise simulated trading capital based on their performance and commitment to trading. The company was created by the founders of The Forex League and VVS Academy, who identified a need in the trading community for a platform that caters to traders’ needs. The firm is set to launch DXTrade, a new platform designed to enhance the trading experience with cutting-edge technology and features.
Traders at The Funded Trader have access to leverage instruments such as Forex, Commodities, Indices, and Cryptocurrencies across different account types and phases. The company emphasizes compliance with regulations and provides educational resources through platforms like YouTube, Instagram, and Discord.
Where is The Funded Trader Located?
TFT’s mission is to financially empower traders and help them reach their full potential in the trading industry.
The headquarters of The Funded Trader is located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642, in the United States.
The CEO of the firm is Angelo Ciaramello. The firm is known for helping traders access capital and make profits with their trading skills.
The Funded Trader Programs
The Funded Trader provides traders with four program options to choose from:
1. Standard challenge accounts
- Standard regular challenge accounts
- Standard swing challenge accounts
2. Rapid challenge accounts
- Rapid regular challenge accounts
- Rapid swing challenge accounts
3. Royal challenge accounts
4. Knight challenge accounts
Standard Challenge Program
In the Funded Trader’s standard challenge account, traders are evaluated in two phases. They must show commitment and skill, maintaining consistency. Leverage differs between the regular and swing evaluation programs. Swing accounts allow weekend trades, while regular accounts don’t.
In phase one, traders aim for a 10% profit without exceeding a 5% daily loss. Phase two requires a 5% profit target with the same loss limits. Both phases demand at least three trading days. Successful completion leads to a funded account. Traders follow specific loss and lot size rules. Payouts start 21 days after trading begins, with subsequent payouts every two weeks. Profit splits vary based on generated fees.
Rapid Challenge Program
The Rapid challenge account at The Funded Trader aims to find skilled traders with consistent performance. In the regular evaluation program, traders can use a 1:100 leverage, while swing evaluation programs allow 1:30 leverage. Swing accounts offer flexibility to hold trades over weekends, unlike regular accounts.
In the first phase, traders must achieve an 8% profit target within 35 days, avoiding exceeding a 5% daily loss or 8% fee loss. There are no minimum trading day requirements to move to phase two. In the second phase, traders aim for a 5% profit target within 60 days, maintaining the same loss thresholds. Successful completion grants a funded account with no profit targets but limits on daily and total losses and lot sizes.
Payouts begin 14 days after initiating the first position in the funded account, with subsequent bi-weekly payouts. Detailed withdrawal and profit split information is available in the provided spreadsheet.
Royal Challenge Program
The Funded Trader’s Royal Challenge account seeks to find skilled and dedicated traders. They’re rewarded for consistency across two evaluation phases. The program allows trading with 1:200 leverage.
In Phase One, traders aim to make an 8% profit without exceeding a maximum daily loss of 5% or a maximum loss of 10%. This must be achieved within 35 calendar days, with at least five trading days completed.
Phase Two requires a 5% profit target within 60 calendar days, again with restrictions on daily and maximum losses. Five trading days are also necessary to move to the next stage.
Successful completion of both phases grants a funded account with no set profit targets, only rules on daily and maximum losses, and lot size limits. The first payout occurs 30 calendar days after opening the funded account, followed by subsequent payouts on a bi-weekly basis. The profit split ranges from 80% to 90%, depending on the profits generated.
The scaling plan involves achieving a 6% profit or more over a three-month period, with at least two profitable months. Meeting this earns a 25% increase in the account balance.
Knight Challenge Program
The Funded Trader Knight Challenge account aims to recognize dedicated and skilled traders who show consistency during a single-phase evaluation. Traders in this program can trade with a leverage of 1:30.
In the evaluation phase, traders must reach a profit target of 10% without exceeding a 3% maximum daily loss or a 6% maximum trailing loss. There are no set trading day requirements. Advancement to a funded account depends solely on meeting the profit target.
After completing the evaluation, traders receive a funded account without profit targets, only needing to adhere to a 3% maximum daily loss and a 6% maximum trailing loss. The initial payout occurs within seven days of opening the first position, with subsequent payouts scheduled weekly. Profit splits vary from 80% to 90%, based on the funded account’s profits.
The scaling plan for Knight Challenge accounts allows traders to increase their account size and profit split. To qualify, traders must achieve a 6% profit or more over three months, with at least two of the three months being profitable. Successful traders receive a 25% account increase and an enhanced profit split of 90%. The daily drawdown limit also increases from 3% to 4% upon scaling the account for the first time.
The Funded Trader Trading Rules
The Funded Trader has specific rules and guidelines that traders must adhere to when participating in their competitions and evaluation programs. Here are the key trading rules of The Funded Trader:
- Eligibility: Participants must be at least 18 years old to participate in competitions or become clients of The Funded Trader.
- Prizing: Prizes for winning participants will be distributed within 10 days of the competition’s end.
- Schedule: Competitions have specific start and end times, and entrants submitting entries past the finish time will be disqualified.
- Participation: All entrants must create a valid The Funded Trader account and agree to the Terms of Service.
- Breaches of Rules: Any breach of competition rules will result in immediate disqualification at the discretion of The Funded Trader.
- Expert Advisor (EA) and Trade Copier Rules: Usage of EAs and trade copiers is not allowed in competitions.
- Simulated Drawdown Rules: The simulated daily drawdown is calculated based on the demo balance or simulated equity, with a fixed amount set at 5% of the initial balance.
- Broker and Lot Size Rules: Different lot size limits apply for FX pairs, Indices, Commodities, Oil, and Crypto.
- Minimum Trading Days: Traders are required to trade a minimum number of days depending on the challenge type.
- Drawdown Parameters: Each challenge type has specific virtual daily loss and max overall loss percentages based on demo equity or balance.
These rules ensure fair competition, compliance with trading standards, and proper risk management within The Funded Trader’s evaluation programs. Traders must follow these guidelines to maintain eligibility and progress successfully through the evaluation phases.
For a deeper insight, read our The Funded Trader review. Get latest prop firm news and the highest discounts on our website.
