The Funded Trader Prop Firm Overview
| Founded | 2020 |
| Headquarters | Liberty Hill, Texas, USA |
| Evaluation Models | Standard, Rapid, Royal, Knight (1-Step & 2-Step) |
| Max Allocation | $5,000,000 (after scaling) |
| Profit Split | Up to 95% (depending on program) |
| Payouts | Every 7–14 days or on-demand (program-dependent) |
| Assets | Forex, Indices, Commodities, Crypto |
Is The Funded Trader a legit prop firm, or just another hyped outfit that ghosts users? Join me for this The Funded Trader review as I answer all your questions about the firm and share my own experience after trying one of their challenges.
- The Funded Trader (TFT) is a prop firm offering simulated trading accounts and evaluation programs up to $2,500,000.
- TFT provides three challenge types: one-step, two-step, and three-step, each with different rules, pricing, and trading models.
- TFT allows trading forex, crypto, commodities, indexes, and metals with varying leverage depending on the account model.
- The firm hosts a free monthly trading competition based on Royal Challenge rules, open to all traders on Match-Trader.
- TFT has one of the largest prop-firm communities, with over 105,000 Discord members in 2025.
- Payout eligibility varies by challenge type, with some accounts allowing instant withdrawals and others requiring up to 30 days.
- Getting started requires passing a challenge, completing KYC, signing the contract, and waiting 24–48 hours for account activation.
The Funded Trader Overview
By offering three types of challenges and letting you trade up to $2.5M on a simulated account, The Funded Trader has become one of the most talked-about prop firms of 2025. It was even awarded for having the largest community in the prop-firm space. Often called TFT, the company has been providing evaluation services since 2021 and is headquartered in the United States.
With TFT, you can trade forex, crypto, commodities, Metals, and indexes on simulated accounts. Keep reading as I share everything I experienced with this firm in this complete The Funded Trader review. It’s gonna be a pretty straight-up breakdown.
The Funded Trader Review on Challenges
To become a TFT trader, you can choose from three challenge types: one-step, two-step, and three-step. Each option also comes in different models, so you can pick the one that fits your trading style best. Let’s start this The Funded Trader review with the one-step challenge.
The Funded Trader One Step Challenge
The one-step challenge comes in three account models:
- Knight
- Knight Pro
- Classic
Pricing starts at around $40 and can go up to $990, depending on the account size you choose. The table below shows the trading rules for this step:
| Account Type | Knight | Knight Pro | Classic |
|---|---|---|---|
| Balance | From 5K to 200K | From 5K to 200K | From 25K to 200K |
| Daily Drawdown | 3% | 3% | 3% |
| Maximum Drawdown | 8% | 8% | 6% |
| Profit Target | 10% | 10% | 10% |
| Max Trading Days | Unlimited | Unlimited | Unlimited |
| Min Trading Days | 5 | 1 | 3 |
| Trading Platforms | Match Trader, cTrader, Platform 5 | Match Trader, cTrader, Platform 5 | Match Trader, cTrader, Platform 5 |
Note: You might have heard about The Funded Trader’s Standard Challenge rules on other reviews. However, at the time of writing this review, they state on their website that the Standard Challenge program is no longer available for purchase. There are now only two other challenges available (except one-step), and I’ll explain all the details about them in the sections below of this The Funded Trader review.
The Funded Trader Two-Step Challenge
Similar to the one-step challenge, The Funded Trader’s two-step challenge also comes in three account types:
- Royal
- Royal Pro
- Classic
Pricing starts at around $80 and can go above $1,100 depending on the account size you choose. The table below shows the trading rules for this challenge:
| Account Type | Royal | Royal Pro | Classic |
|---|---|---|---|
| Balance | From 5K to 200K | From 5K to 200K | From 25K to 200K |
| Daily Drawdown | 5% | 3% | 4% |
| Maximum Overall Loss | 10% | 8% | 8% |
| Profit Target | 8% (Phase 1), 5% (Phase 2) | 8% (Phase 1), 5% (Phase 2) | 8% (Phase 1), 5% (Phase 2) |
| Max Trading Days | Unlimited | Unlimited | Unlimited |
| Min Trading Days | 5 | 5 | 3 |
| Trading Platforms | Match Trader, cTrader, Platform 5 | Match Trader, cTrader, Platform 5 | Match Trader, cTrader, Platform 5 |
The rules shown in the table above apply to both phases of the challenge. After you pass all the steps, you’ll receive a funded account and officially become a TFT trader.
The Funded Trader Three-Step Challenge
If you choose The Funded Trader’s three-step challenge, you’ll need to complete three phases following the trading rules shown below. This challenge comes in a single account model called Dragon, typically ranging from $60 to $160.
| Account Type | Dragon |
|---|---|
| Balance | From 5K to 100K |
| Daily Drawdown | 5% (all three phases) |
| Maximum Overall Loss | 10% (all three phases) |
| Profit Target | 8% (Phase 1), 5% (Phase 2), 5% (Phase 3) |
| Max Trading Days | Unlimited |
| Min Trading Days | 1 (all phases) |
| Trading Platforms | Match Trader, cTrader, Platform 5 |
Keep in mind that some details, like pricing, may change over time. So, after reading this The Funded Trader review, if you feel this prop firm fits your needs, make sure to also check their official website for the latest information.
The Funded Trader Leverage and Assets
You can trade assets like forex pairs, indexes, crypto, commodities, and metals with The Funded Trader prop firm. Below, you’ll find the leverage ratios offered for each type of account:
The Funded Trader Competition
The Funded Trader competitions are a free chance for anyone to join a monthly challenge and compete to be one of the five winners who earn prizes. Everyone can participate each month with no restrictions.
The competition rules are the same as the Royal Challenge, which I explained earlier in this The Funded Trader review:
- Simulated 5% Max Daily Drawdown
- Simulated 10% Max Total Drawdown
- 5 Simulated Minimum Trading Days
- EAs are not allowed
- No taking advantage of unrealistic fills in the demo environment
The competition begins on the first day of each month at 12:00 AM EST and ends on the last day at 11:59 PM EST. For upcoming prize details, you can check The Funded Trader’s monthly competition registration page.
Note: The Funded Trader monthly competitions are held only on the Match-Trader platform. You can also check the monthly winners on their official website.
The Funded Trader Online Communities (Discord)
As I mentioned at the beginning of this The Funded Trader review, the firm was awarded for having the largest community in 2025. At the time of writing, The Funded Trader’s Discord channel has more than 105,000 members.
By joining the Discord server, you can take part in different community channels where traders talk about their challenge progress, share trading ideas, discuss strategies, ask questions, and even chat in a few other languages.
You’ll also stay updated on major announcements from the firm, including new promotions, competitions, payout proofs, system updates, and more.
The Funded Trader Reviews on Trustpilot
Besides their internal channels, I think it’s useful to look at real user feedback on platforms like Trustpilot and Reddit to get a clearer picture of this firm. For example, when I checked their Trustpilot profile, The Funded Trader had a 3 out of 5 rating with more than 22,000 reviews. Honestly, it’s one of the few prop firms with that many comments from users. And here is my conclusion from those comments:
What people were happy with:
- Smooth payouts: Several users said they received withdrawals quickly and without issues.
- Reasonable rules and structure: Traders appreciated the firm’s trading conditions, profit split, and overall setup.
- Platform improvements: Some noted that TFT has been making updates and enhancements over time.
- Easy onboarding: New traders mentioned that signing up and starting the challenge was straightforward.
- Positive early experience: Some beginners felt everything worked well during their initial interactions.
What people were unhappy with:
- Lack of transparency: Some felt the company provided little explanation when problems occurred.
- Missing or inaccessible accounts: Many reported that their dashboards or funded accounts suddenly disappeared.
- Unpaid or delayed payouts: Users complained about months-long delays or not receiving their profits at all.
- No customer support response: A common complaint was slow or completely absent communication from support.
- Technical issues and platform shutdowns: Account migrations and platform changes caused major disruptions.
The Funded Trader Review on Payout Policy
When choosing a prop firm, reviewing the payout policy is one of the most important steps. That’s why I’ve listed all of the payout terms and conditions in the table below in this The Funded Trader review. No matter which account type you choose, you can easily check the payout rules and processes here:
| Challenge Type | First Withdraw Eligibility | Second Withdraw Eligibility |
|---|---|---|
| Knight | Anytime you want | Anytime you want |
| Knight Pro | Anytime you want | Anytime you want |
| Classic (One-step) | 7 days from the first trade date | 14 days from the first trade date |
| Royal | 30 days from the first trade date | 14 days from the first trade date |
| Royal Pro | 2 days from the first trade date | 2 days from the first trade date |
| Classic (Two-step) | 14 days from the first trade date | 7 days from the first trade date |
| Dragon | 7 days from the first trade date | 7 days from the first trade date |
The Funded Trader vs Other Competitors
The Funded Trader (TFT) prop firm offers several ways to pass its challenge and get a funded account. However, you might be wondering if you have better choices out there. To help with that, here’s a quick comparison of TFT with two popular prop firms, FTMO and FundedNext, so you can see how they stack up and decide what works best for you.
The Funded Trader Issues Over Recent Years
You might see people online talking about The Funded Trader shutting down and wonder what really happened. It’s totally normal to feel worried when you hear news like that.
The whole story started in March 2024, when The Funded Trader (TFT) suddenly shut everything down. There was no warning at all, which left a lot of users confused and stressed.
TFT closed all accounts and canceled every trader’s access. This surprised many people, especially those who had paid for challenges or were waiting for payouts. A lot of traders said that TFT refused to pay the profits they had already earned. An internal review even showed that about 10% of payouts in early 2024 were denied, which is pretty high and honestly freaked people out.
But that wasn’t the end of the Funded Trader issues. They tried switching to a new trading system called DXtrade, and it ended up causing more technical problems. Traders lost time, progress, and in some cases couldn’t even get proper support because customer service was slow or not responding at all. After all of this, the UK Financial Conduct Authority (FCA) stepped in and warned that TFT might be offering financial services without the permission required.
Is The Funded Trader Legit?
After hearing about the issues The Funded Trader had and seeing negative reviews on Trustpilot or Reddit, it’s totally normal to wonder whether the company is legit.
Even though TFT went through problems in 2024 and dealt with some operational mistakes, the firm has improved a lot since then. At the time of writing this review, they’ve upgraded their systems and were even awarded for having one of the largest trading communities in 2025. That’s a big step in the right direction, for real.
Still, I strongly recommend reading different The Funded Trader reviews and looking at every important detail before making a decision. It’s always best to understand both the good and the bad.
How to get started with The Funded Trader Review
I’ve tried to cover all the important details about the challenges and trading rules in this “The Funded Trader review”. Getting started with The Funded Trader is pretty simple. You just pick one of the challenges explained above, and once you successfully complete all the phases, your TFT funded account will be issued right away, though it will be disabled at first.
At that point, you’ll need to complete the Funded Trader KYC process. After you sign and submit the contract, your account will be activated for trading within 24–48 hours (not counting weekends).
Final Verdict on The Funded Trader Prop Firm
To be completely honest, The Funded Trader’s past still sticks with me. The issues in 2024, missed payouts, operational problems, and the loss of trust, were serious, and I don’t think anyone can just forget that. It’s something I still keep in mind whenever I look at the firm.
That said, I’ve also seen real improvement. In 2025, they’ve become much more organized and communicative, and their community is huge—big enough to actually win an award. I personally enjoyed their Discord challenge, and the two-phase challenge fits my trading style really well.
I passed the two-step challenge and received my payout without any struggle, which was a nice surprise considering their history. However, I didn’t find any $600 account option like the one they mentioned at the beginning of their website. The account sizes went up to $200k, and I chose a $100k account.
Still, I’m approaching things with a bit of caution. The progress is clear, and my own experience has been positive so far, but I think it’s smart not to ignore the past. Overall, The Funded Trader feels like a firm that’s moving in the right direction, but one you should consider with both interest and awareness.
Conclusion
All in all, that’s everything you need to know about The Funded Trader. Throughout this review, I tried to look at the firm from every angle, not just my own experience, but also what other traders have shared in their reviews and on community platforms like Trustpilot. You can go through the challenge types, payout structure, and trading rules I covered, and combine that with my personal verdict and the wider community feedback to get a full picture.
I hope this The Funded Trader review helps you build a clearer understanding of whether The Funded Trader is the right prop firm for you. Every trader is different, and what works well for me might not be the perfect fit for someone else, so it’s always good to take in a mix of opinions before deciding.
If you have any questions about The Funded Trader, or even other prop firms and trading platforms, feel free to drop a comment. Here at the Traders Fund Hub, we are always happy to help where we can.
FAQ
What is The Funded Trader?
The Funded Trader is a prop firm that provides funded accounts and lets traders trade simulated accounts after passing one of three challenges.
Where is The Funded Trader located?
The Funded Trader is located in Liberty Hill, Texas, with its headquarters at 14001 W Hwy 29 Ste 102, Liberty Hill, TX 78642, United States.
Is there Funded Trader instant funding?
The Funded Trader does not offer instant funding; instead, it provides three challenge options: one-step, two-step, and three-step challenges. Read the full details in this The Funded Trader review above.
How is the Funded Trader competition registration?
It is a monthly competition that allows every trade to participate in, and TFT awards the top five winners.
