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Funded Trading Plus

Funding Traders

4.4

Based on Trustpilot

Established
Milos Mosovsky IconStan G.
March 2024 IconJune 2023
Slovakia IconUAE
Platform
MT5 IconMT5Funded Trading Plus
MT4 IconMT4
Crypto IconCTrader
Group 1321314963 IconDX TradeFunded Trading Plus
Instant
1 StepFunded Trading Plus
2 StepFunded Trading Plus
3 Step

Select number of step

Firm

Discount

Size

Steps

Profit Split

Profit Target

Max Drawdown

Daily Drawdown

Commission

Leverage

Trust Pilot Rating

Cashback

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Funding Traders Company Overview

Funding Traders, a Dubai, UAE prop firm started in June 2023, offers funding traders up to $500,000 in capital after completing its challenge. Account sizes range from $10,000 to $500,000, with profit splits begining at 80%. The firm features zero commissions, customisable accounts, and permits news trading as part of its structure for funding traders.

Rules

Funding Traders is a prop trading firm founded by Stan G in May 2023. Operating from Dubai, UAE, it is a popular choice amongst scalpers for its $0, commission-free trading and flexible challenges.

Use coupon code 'PROPVATOR' at Funding Traders checkout to secure the highest available discount at the time of your purchase.

Funding Traders Prop Firm - Accepted Trading Styles

Swaps with Funding Traders

Funding Traders offer swap-free accounts at an additional 15% fee

Swap-free challenges means no rollover fees if you hold positions overnight. Funding Traders permits swap-free trading on all their account types.

If you are a long-term trader, this could be an advantage for you. However, stay cautious of widened spreads and manage your risk accordingly.

Expert Advisors

Funding Traders permits traders using Expert Advisors (EAs) and bots, as long as the specific EA is confirmed with them.

Their terms and conditions mention that they allow EAs focused on "risk and trade management"; however, they require confirmation before you start trading with them.

Contact their live chat if you plan on using EAs or bots to verify if your specific EA or bot is accepted.

News Trading

Funding Traders allows news trading.

However, we recommend you approach news trading diligently as our research shows that news trading equates to less than > 50% of profit among successful traders (especially medium and high impact news trading in correlated pairs). Hence why heavy reliance on news strategy is discouraged and could even be seen as an 'unsustainable strategy'.

In short, you won’t breach your challenge account while news trading with Funding Traders, but consider managing risk if you plan on news trading.

Weekend Holding

Traders can keep positions open over the weekend without any added restrictions.

This is popular amongst swing traders targeting multi-day moves as it offers adaptive flexibility despite the market conditions.

However, watch for widened spreads on Asia open, wider spreads on Monday Asia Open (over the weekend), and swap rates (unless using swap-free accounts).

Hedging

Funding Traders does not allow Hedging strategies in any of their accounts.

As stated in their FAQs section: “Hedge Trading Systems: Not allowed.”

Hedging across different accounts is also strictly prohibited, meaning traders cannot use one account to hedge positions from another.

HFT

Funding Traders does not allow high-frequency trading (HFT).

HFT strategy involves using ultra-fast trading bots that to capitalize on minor market inefficiencies through rapid, high-volume trades. Funding Traders bans HFT to ensure sustainable trading - a solid sign of their focus on risk management.

Accounts

Funding Traders offers 7 account size, including:

Account Sizes

Traders can choose from the following account sizes:

$10K
$25K
$50K
$100K
$200K
$350K
$500K

Two-Step Challenge

The Two-Step Account requires traders to complete two phases before receiving funding, with specific profit targets in each step.

The 1-Step Challenge:

Profit Target 1 IconProfit Target 1
10%
Daily Drawdown IconDaily Drawdown
4%
Trailing Drawdown IconMax Drawdown
5%
Profit Split IconMax Loss Per Trade
2%

The 2-Step Challenge:

Profit Target 1 IconProfit Target 1
10%
Profit Target 2 IconProfit Target 2
5%
Daily Drawdown IconDaily Drawdown
5%
Daily Drawdown IconStatic Drawdown
10%
Profit Split IconMax Loss Per Trade
2%

It’s very important to note that Funding Traders has a "maximum loss per trade" rule which it is strictly enforced: you cannot lose more than 2% on a single trade idea.

A trade idea is defined by positions opened or closed within 2 minutes of each other on the same instrument and direction, or those floating at the same time on the same instrument and direction.

Drawdown

Funding Traders uses a combination of trailing and static drawdown calculation methods, which helps traders manage risk.

The 1-Step Challenge has a Trailing Drawdown of 5%, while the 2-Step Challenge has a Static Drawdown of 10%.

All accounts have a Maximum Daily Drawdown of 4% (1-Step) or 5% (2-Step), and a Max Loss Per Trade of 2%.

How is Maximum Daily Drawdown Calculated?

Funding Traders offers both static and trailing drawdown limit rules during the challenge phase:

● 1-Step Challenge (Maximum Drawdown): 5% Trailing

● 2-Step Challenge (Maximum Drawdown): 10% Static

● 1-Step Challenge (Daily Drawdown): 4%

● 2-Step Challenge (Daily Drawdown): 5%

Platforms

Funding Traders provides access to multiple platforms, including cTrader, DXtrade, MetaTrader 5 (MT5), and TradingView, known for their versatility and range of features.

Conditions

Funding Traders has a transparent commission structure across its trading assets. Conditions are calculated per round lot.

Commision

Forex IconForex$0 per round lot
Gold IconGold$0 per round lot
Indices IconIndices$0 per round lot
Crypto IconCrypto$0 per round lot

This consistent commission rate simplifies the cost calculations for traders.

Leverage

Funding Traders provides leverage options for different asset classes, allowing traders to manage risk effectively.

Forex IconForex: 1:100
Gold IconGold: 1:50
Indices IconIndices: 1:50
Crypto IconCrypto: 1:5

A 1:100 leverage on FX plus commission-free trading empowers scalpers and day traders by enabling them to capitalize on intraday moves.

Restrictions

Funding Traders has no restrictions for joining, yes, no country bans! They welcome traders globally - a rare move for prop firms.

Nevertheless, the 'one trader per household' rule is still applicable, so if you live with another trader, contact their risk management team before purchasing an account.

Discounts

To secure the highest available discount with Funding Traders, use code PROPVATOR at checkout. This code offers a 20% discount, making it more affordable to get started with Funding Traders.

For example, the 2-Step 100K account with Funding Traders is priced at $550 before discounts, but with code PROPVATOR, you get 20% off which drops it to $413.

Additionally, Propvator provides discounts with other top prop firms.

Visit our homepage at Propvator.com to explore latest offers, compare firms, and find the one that best suits your trading needs. All firms listed on Propvator are vetted for reliability. You can also receive cashback from us once you upload your receipt after you complete your purchase.

Conclusion

Funding Traders prop firm provides traders with a flexible trading environment and clear guidelines.

With straightforward rules on drawdowns, commission-free trading, and a multi-platform approach, Funding Traders is designed to cater to traders seeking a reliable trading experience.

Use the coupon code PROPVATOR to take advantage of the highest industry discount. With a 4.5/5 Trustpilot rating from 3,156 reviews, they’re earning trust, and CEO Stan G.’s public presence adds credibility.

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