Funds for Traders is a relatively new prop firm. It’s registered in the Netherlands, in January 2024. The owners are Joek Broos, and Joran Van Lakwijk.
Community Feedback for Funds For Traders
Funds for Traders has a rating of 4.3 stars on Trustpilot out of 14 total. 86% of the reviews are 5 stars, praising the cheap accounts, good trading conditions, and reliability. There are no 1-star reviews.
Platforms Used by Funds For Traders for Trading
Funds for Traders has two trading platforms available, DXtrade and Eightcap.
Funds For Traders: Instruments You Can Trade
You can trade:
- Forex
- Metals
- Indices
- Stocks
- Crypto
Payment Options at Funds For Traders
Funds for Traders accepts Crypto and Credit Cards payments
Account Size Options in Funds For Traders
There are nine account sizes you can choose from that vary from $500 to $200k.
Understanding Profit Splits at Funds For Traders
The first payout has an 80% split. The second payout comes with an 85% profit split. All the other payouts have a 90% profit split.
How to Contact Funds For Traders
You can contact Funds for Traders via:
- Email: [email protected]
- Live chat
- By submitting a form
- Social Media Accounts
Funds For Traders Approach to Profit Targets
At Funds for Traders, profit targets vary by challenge type. In the One-Phase challenge, it’s 10%. For the Two-Phase challenge, the first step is 8%, and the second is 5%. In the Three-Phase challenge, the first step is 8%, and the next two are 5%.
Drawdown Rules and Daily/Max Loss Policy at Fund For Traders
The maximum daily drawdown at Funds for Traders is 4% for the 1-Step Challenge, and 5% for the other two challenges. The 1-Step challenge has a maximum total drawdown of 6% and 10% for the other two challenges.
Minimum and Maximum Trading Days at Funds For Traders
There are no maximum trading days at Funds for Traders. The 1-step challenge has a minimum number of 5 trading days.
Step Challenges Available at Funds For Traders
There are three types of challenges available:
- 1-Step challenge
- 2-Step challenge
- 3-Step challenge
Costs of Entry for Funds For Traders Challenges
1-Step Challenge
| Starting Amount | Cost |
|---|---|
| $500 | $11 |
| $1000 | $20 |
| $2000 | $30 |
| $5000 | $112 |
| $10,000 | $200 |
| $25,000 | $375 |
| $50,000 | $525 |
| $100,000 | $778 |
| $200,000 | $1482 |
2-Step Challenge
| Starting Amount | Cost |
|---|---|
| $500 | $7.50 |
| $1000 | $13.50 |
| $2000 | $20 |
| $5000 | $75 |
| $10,000 | $135 |
| $25,000 | $250 |
| $50,000 | $350 |
| $100,000 | $499 |
| $200,000 | $949 |
3-Step Challenge
| Starting Amount | Cost |
|---|---|
| $500 | $5 |
| $1000 | $10 |
| $2000 | $15 |
| $5000 | $55 |
| $10,000 | $102 |
| $25,000 | $188 |
| $50,000 | $263 |
| $100,000 | $375 |
| $200,000 | $712 |
Commissions and Fees at Funds For Traders
You’re charged $3.50 each time you close or open a position. There is also a commission of $7 per standard lot.
Refund Options at Funds For Traders
There are no refund options at Funds for Traders.
Does Funds For Traders Offer a Free Trial?
Yes. Fund for Traders offers a free $100k trial account.
Payment Frequency at Funds For Traders
The first payment can be requested after 30 days. Every other payment can be requested every two weeks.
Funds For Traders FAQ
No.
Yes, you can.
Yes, Funds for Traders allows news trading.
No. The purpose of the evaluation process is to see if you are a quality trader.
You can expect your first payout after 30 , and every other bi-weekly. The evaluation process has specified rdaysules which you need to follow to demonstrate your skills in responsible trading.
Arbitrage trading, Scalping, and High-Frequency trading are strategies that are not allowed.
If you earn at least 10% in payouts within a 4-month period, with at least 2 months of profitability, your current balance might be boosted by 25%, capped at 1 million.
