Independent Guide — No Marketing Fluff
The Funded Trader FAQ & Complete Guide
TFT Standard / Rapid / Royal / Knight evaluations, drawdown rules, scaling, payouts, and supported trading platforms.
The Funded Trader: key facts
We could not verify The Funded Trader's current rules on its own pages, so no figures are shown here.
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The Funded Trader Basics
What is The Funded Trader?
The Funded Trader is a proprietary trading firm that provides funded accounts to traders who pass an evaluation. You pay an evaluation fee, reach a profit target without breaking the drawdown rules, and move to a funded account where you keep a share of the profits. The Key facts table above lists The Funded Trader's current plans and payout terms.
Is The Funded Trader legit?
Always verify independently before purchasing. Check the firm's official documentation. Read the funded trader agreement carefully before paying any evaluation fee. Prop firm rules, fees, and payout policies change frequently.
Are The Funded Trader accounts real money or simulated?
Retail prop firm accounts, including those at The Funded Trader, typically run on simulated infrastructure that mirrors real market data. Payouts are funded from the firm's evaluation revenue rather than from live market profits. The Key facts table above shows how The Funded Trader's funded accounts are structured.
Is The Funded Trader regulated?
Prop firms generally operate as technology or contractor companies rather than regulated broker-dealers or FCMs, so they are typically not registered with the SEC, CFTC, FINRA, or FCA. The relationship is governed by the trader agreement, not by securities regulation. Read {name}'s agreement for its exact legal terms before paying.
Account Types
What evaluation models does The Funded Trader offer?
The Funded Trader offers evaluation programs in which you reach a profit target while staying inside drawdown limits. Each model differs in account size, target, and drawdown type. The Key facts table above shows which models The Funded Trader offers right now.
What is the difference between the evaluation and funded account at The Funded Trader?
The evaluation is the test phase where you must hit a profit target without breaching drawdown rules. The funded account is the phase you graduate into after passing, where you can request payouts based on your trading performance. Rules, drawdown types, and payout mechanics often differ between the two phases.
Does The Funded Trader offer instant funding?
Some prop firms sell instant funding alongside standard evaluations: you skip the profit-target phase, usually pay more, and often get stricter drawdown or payout terms. Whether The Funded Trader offers it is covered in the Key facts table above.
Can I run multiple funded accounts at The Funded Trader?
Running several funded accounts at once is common, often with a per-person cap. Firms usually restrict hedging between accounts and copying trades across them in ways that look like one position split up. The Key facts table above shows the account limit for The Funded Trader.
Plans & Pricing
What account sizes does The Funded Trader offer?
Prop firms sell evaluations in several account sizes, from small starter accounts to large ones, and the fee rises with size. Promotional discounts can change the price a lot. See the Key facts table above for The Funded Trader's sizes and fees and the date they were checked.
Does The Funded Trader charge monthly fees or one-time fees?
Evaluation pricing follows one of two models: a recurring monthly subscription until you pass, or a one-time fee per attempt. The model affects total cost if you need several attempts. The Key facts table above states which one The Funded Trader uses.
Does The Funded Trader offer discount codes?
Prop firms often run recurring promotions around holidays and product launches, usually through promo codes or newsletters. Codes change quickly, so a code from an aggregator may already be expired. Compare The Funded Trader's discounted price with the standard fee in the Key facts table above.
Profit Targets
What are the profit targets on The Funded Trader evaluations?
The profit target is the amount you must earn in an evaluation to pass, set as a percentage of the starting balance (commonly 6-10%). A bigger account means a bigger dollar target. The Funded Trader's targets per plan are in the Key facts table above.
Do profit targets exist on funded accounts at The Funded Trader?
Many prop firms drop the profit target once you are funded and focus on drawdown limits and payout eligibility, such as minimum profit and number of winning days. So the goal shifts from hitting a target to staying consistent. The Funded Trader's funded-phase terms are summarised above.
Does The Funded Trader evaluate on closing balance or floating equity?
Profit targets are usually measured on closed (realized) P&L, not floating equity, so you must close positions for gains to count toward the target. An open winning trade alone will not pass the evaluation. Confirm The Funded Trader's measurement basis in the Key facts table above.
Drawdowns: Trailing & Daily
What type of drawdown does The Funded Trader use?
A drawdown limit caps how much you can lose. The main types are trailing drawdown (the floor rises with your profits), static maximum drawdown (a fixed floor from the starting balance), and a daily loss limit. See the Key facts table above for The Funded Trader's type and amounts.
Does the drawdown at The Funded Trader apply to unrealized (floating) P&L?
Drawdown is measured either on equity (including open positions) or on balance (closed trades only). Intraday trailing drawdowns follow unrealized P&L tick by tick, while end-of-day drawdowns update only at session close. Which basis The Funded Trader uses is shown in the Key facts table above.
What happens when I breach the drawdown at The Funded Trader?
Breaching the drawdown limit normally liquidates open positions and closes the account. In an evaluation you must buy a new one or pay for a reset, if the firm offers resets. The Key facts table above notes The Funded Trader's breach consequences.
What is a daily loss limit (DLL) at The Funded Trader?
A daily loss limit (DLL) caps your loss within one trading day. Breaching it usually suspends trading until the next session instead of closing the account, though some firms treat it as a full breach. The Funded Trader's DLL amounts are in the Key facts table above.
Consistency Rule
Does The Funded Trader have a consistency rule?
Many prop firms enforce a consistency rule that limits how much of your total profit can come from a single trading day — typically expressed as a maximum percentage (e.g., 30–50%). This prevents traders from qualifying via one large lucky trade. Check whether The Funded Trader enforces this rule and the exact threshold.
Does violating the consistency rule fail my account at The Funded Trader?
Typically, violating the consistency rule blocks a payout request rather than failing the account. You would need to trade additional smaller-profit days to bring your best-day percentage back under the threshold before requesting a payout. Confirm The Funded Trader's exact policy.
Does the consistency rule reset after a payout at The Funded Trader?
The consistency clock usually resets after each approved payout, so the next payout cycle starts from zero and earlier big days no longer count against you. Whether this applies to The Funded Trader is stated in the Key facts table above.
Trading Days, Hours & Holidays
Does The Funded Trader require a minimum number of trading days?
Many prop firms require a minimum number of qualifying trading days before a payout. A qualifying day usually means you traded and made at least a set minimum profit that day. The exact count and threshold for The Funded Trader are in the Key facts table above.
Can I trade news events at The Funded Trader?
Some prop firms restrict trading around high-impact news such as NFP or FOMC, for example by blocking entries for a few minutes either side. Others allow it freely. The news-trading rule for The Funded Trader is listed in the Key facts table above.
Can I hold positions overnight at The Funded Trader?
Overnight rules differ by firm and account type. Futures-focused firms often require all positions flat before the daily close, while others allow swing trades held overnight or over weekends. Check the Key facts table above for The Funded Trader's policy.
Instruments & Markets
What instruments can I trade at The Funded Trader?
Prop firms offer different markets depending on focus: forex pairs, futures, indices, commodities, or a mix. Futures firms trade CME products like ES and NQ, while forex firms use MT4/MT5 symbols. The Funded Trader's tradable instruments are in the Key facts table above.
What are the contract/lot size limits at The Funded Trader?
Prop firms cap position size to manage risk, usually as a maximum number of contracts (futures) or lots (forex), scaled to account size. Exceeding it can trigger a rule breach. See the Key facts table above for The Funded Trader's limits per account size.
Automation & EAs
Does The Funded Trader allow automated trading / EAs?
Algorithmic trading and Expert Advisors (EAs) are allowed at many prop firms, but strategies like HFT, latency arbitrage, and tick scalping are commonly restricted. The permitted scope is set in the trader agreement. The Funded Trader's automation stance is summarised in the Key facts table above.
Can I automate The Funded Trader with TradingView via PickMyTrade?
PickMyTrade bridges TradingView alerts to your broker account connected to The Funded Trader. When your TradingView strategy triggers, PickMyTrade receives the webhook and executes the trade on your broker within ~200ms — no coding required. Set up takes about 5 minutes. Try it free at app.pickmytrade.io.
Does The Funded Trader allow copy trading?
Copy trading rules differ. Many firms allow copying your own trades across your own accounts but ban copying from external sources or signal providers, and some ban it altogether. Confirm The Funded Trader's policy in the Key facts table above before setting up any copier.
How do I use PickMyTrade's trading time controls with The Funded Trader?
PickMyTrade's Trading Time Settings let you define sessions that automatically close all open positions and cancel orders when the session ends — keeping you flat before broker cutoffs. You can define multiple trading sessions, apply settings per account, and combine with news-aware controls. Full guide: docs.pickmytrade.trade.
Platforms
What trading platforms does The Funded Trader support?
The Funded Trader supports one or more trading platforms depending on the asset class. Common platforms include Tradovate, Rithmic/NinjaTrader (futures), MetaTrader 4/5, cTrader, DXTrade, and TradeLocker (forex/CFD). Check their official site for the current list of supported platforms.
Can I use The Funded Trader on Mac?
Mac compatibility depends on which platforms The Funded Trader supports. Web-based platforms work on any OS. Native applications like NinjaTrader are Windows-only (Mac users typically use Parallels). Check whether The Funded Trader's supported platforms offer Mac-native clients or web alternatives.
Can I trade The Funded Trader on mobile?
Mobile availability depends on The Funded Trader's supported platforms. Many platforms (Tradovate, MetaTrader) have iOS and Android apps. Mobile is generally suitable for monitoring and emergency exits but most traders use desktop for active trading.
PickMyTrade Webhook Setup
How do I connect TradingView to The Funded Trader via PickMyTrade?
Setup takes about 5 minutes: (1) Create a PickMyTrade account at app.pickmytrade.io. (2) Connect your broker account (the one linked to your The Funded Trader evaluation or funded account). (3) Configure your strategy settings — instrument, order size, direction. (4) Click "Generate Alert" to get the JSON payload and webhook URL. (5) Paste both into your TradingView alert. Done — your TradingView signals will now fire trades on your The Funded Trader account within ~200ms.
How much does PMT cost on top of The Funded Trader fees?
$50/month per broker connection. PickMyTrade supports unlimited accounts under the same broker login with a single subscription. If you have accounts under different broker logins, each login requires its own subscription. There is a 7-day free trial, no card required — start at pickmytrade.io.
What TradingView plan do I need for PickMyTrade?
TradingView's webhook feature requires a paid plan — Essential ($12.95/month) or higher. The free TradingView plan does not support webhooks. Once you have a paid TradingView plan, webhooks are unlimited.
Does PickMyTrade require coding?
No coding required. PickMyTrade auto-generates the alert JSON for you. You paste the generated JSON and webhook URL into TradingView — no programming knowledge needed. PickMyTrade also supports custom JSON for advanced users who want fine-grained control.
How fast does PickMyTrade execute trades on The Funded Trader?
PickMyTrade processes webhooks and submits orders to your broker in approximately 200 milliseconds from when TradingView fires the alert. This is suitable for most strategy types. High-frequency or pure tick-scalping strategies should evaluate whether webhook latency is acceptable for their edge.
Payouts
What is the profit split at The Funded Trader?
The profit split is the percentage of funded-account profit you keep. Splits typically range from 70% to 100% and can rise with scaling tiers or payout count. The Funded Trader's split is shown in the Key facts table above.
How often can I request payouts at The Funded Trader?
Payout frequency depends on the firm: some allow on-demand withdrawals once you are eligible, others pay weekly, biweekly, or monthly, usually after a minimum profit threshold. See the Key facts table above for The Funded Trader's payout cadence and minimums.
How does The Funded Trader pay out — bank transfer or other methods?
Prop firms pay out through bank wire, ACH, PayPal, or platforms such as Deel, Rise, or Tipalti, and availability depends on your country. Processing times range from hours to several business days. The Funded Trader's supported methods are listed in the Key facts table above.
Is The Funded Trader income taxable?
Yes — prop firm payouts are generally taxable income in most jurisdictions. In the US, payouts are typically self-employment income reported on Schedule C, subject to income tax and self-employment tax. Consult a licensed tax professional familiar with trading income for guidance specific to your situation.
Does The Funded Trader scale funded accounts?
Scaling programs raise your funded balance after you show consistent profit, typically by hitting profit milestones within set drawdown rules. They can also change your profit split. The Key facts table above notes whether The Funded Trader offers scaling.