Independent firm profile
The Funded Trader
Operations pausedNote: The Funded Trader announced it was "temporarily pausing all operations" on March 28, 2024, following a wave of mass payout denials (CEO Angelo Ciaramello confirmed over $2M in withdrawals were denied in Jan–Feb 2024). The immediate trigger was Eightcap's end-of-February 2024 withdrawal of MT4/MT5 broker services from prop firms, driven by MetaQuotes pressure. As of early 2025, Finance Magnates reported 1,272 traders remained in an unresolved payout queue.
Remote prop firm offering scaling plans for retail traders.
- Headquarters
- Florida, USA
- Founded
- 2021
- Funding model
- Evaluation-Based Funding
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
The Funded Trader (TFT) is a US-based prop firm offering Standard, Rapid, Royal, and Knight challenge models. It targets retail forex, indices, and crypto traders with high profit splits and aggressive marketing.
"Give skilled traders meaningful capital and high splits across multiple challenge models."
At a glance
Structured facts about this firm
- Firm Type
- Evaluation-Based Funding prop firm
- Market Focus
- Stocks, Forex, Crypto
- Trading Style
- Evaluation-Based Funding, evaluation-based funding
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders via evaluation
- Geography
- Florida, USA · North America
- Known For
- Multiple challenge variants
- CEO
- Angelo Ciaramello
- Team size
- 100+
Funding programs
Account types and the path to capital
Evaluation
AvailablePass a challenge before receiving a funded account.
Instant funding
—Not offered by this firm.
Scaling plan
Available25% scaling every 4 months at 10% gain; up to $1.5M.
Challenge fees from ~$45 to ~$1,900.
Trading rules
What's allowed, what isn't
Asset classes supported
Scaling rules
25% scaling every 4 months at 10% gain; up to $1.5M.
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Variety of programs
- +High splits
- +Active community
Trade-offs
- −Has had past payout/communication controversies
- −Rules vary by model
Frequently asked questions
Common questions about The Funded Trader
Is The Funded Trader a legitimate prop firm?+
The Funded Trader was founded in 2021 and is headquartered in Florida, USA. Remote prop firm offering scaling plans for retail traders.
Does The Funded Trader require an evaluation?+
Yes. The Funded Trader requires traders to complete an evaluation phase before being granted a funded account.
What is the profit split at The Funded Trader?+
The Funded Trader pays traders 90% of net profits, keeping the remainder as the firm's share.
What is the maximum account size at The Funded Trader?+
Traders can scale up to a maximum allocation of $600,000 with The Funded Trader, subject to the firm's scaling and consistency rules.
How often does The Funded Trader pay out?+
The Funded Trader processes payouts on a bi-weekly basis, with first payout eligibility: 14 days after first funded trade.
What platforms does The Funded Trader support?+
The Funded Trader supports the following trading platforms: MetaTrader 4, MetaTrader 5, DXtrade, Match-Trader.
What trading restrictions does The Funded Trader enforce?+
At The Funded Trader, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.