The Funded Trader Review Compiled By Proprietary Trading Experts
The realm of forex trading is vast, with many brokers, platforms, and trading strategies to navigate.
It can be daunting for traders to choose the right trading platform. This is where Traders Union has revealed a review of The Funded Trader. Experts have highlighted the broker’s advantages and disadvantages with a detailed analysis.
What is The Funded Trader?
This The Funded Trader review by TU experts reveals that The Funded Trader partners with the Eightcap broker, allowing its users to trade various assets. These include currencies, indices, commodities, and gold. For those looking to dip their toes into the world of cryptocurrencies, these are available during the challenges offered by the platform.
The Funded Trader is flexible, catering to various trading styles, including scalping. They also offer copy trading, albeit with certain restrictions. The platform offers four account types with balances ranging from $25,000 to $400,000, providing a scalable solution for traders of all levels. The initial fee depends on the type of account and balance chosen, and it is refundable. Traders start with an 80% profit split, potentially increasing to 90%.
An added benefit is that the platform adheres to a strict KYC/AML protocol, ensuring the safety of its traders. Lastly, The Funded Trader often holds promotions and offers a partnership program, providing enticing incentives for traders.
Advantages and disadvantages of trading with The Funded Trader
According to Traders Union experts, trading with The Funded Trader has several pros and cons.
Advantages:
- Four account types with subtypes allow for a wide range of balance.
- Ability to repeat a challenge.
- A wide variety of trading platforms, including MT4, MT5, and TradingView.
- Eightcap provides diverse trading instruments, such as currencies, indices, commodities, and gold.
- Freedom in trading strategies and use of advisors.
Disadvantages:
- Limited trading instruments provided by Eightcap.
- Cryptocurrency trading is only possible during the challenge.
- Despite website translations in four languages, technical support is only available in English.
Evaluation of the most influential parameters of The Funded Trader
TU experts evaluated The Funded Trader based on several factors. These include user satisfaction (5.58/10), regulation and safety (5.39/10), commissions and fees (8.61/10), trading instruments (7.38/10), brand popularity (8.00/10), customer support (7.54/10), and education (8.06/10).
The Funded Trader commissions & fees
Traders Union experts have emphasized that The Funded Trader does not charge its traders trading fees. The broker, Eightcap, sets these. The platform instead earns from a percentage of the trader’s profit and takes an initial refundable fee. The profit split starts at 80/20 but can be increased to 90/10 in the trader’s favor after completing the challenge.
Conclusion
The Funded Trader offers an exciting platform for traders looking to engage in the forex market. It provides a varied set of trading instruments, and an opportunity to experiment with different trading strategies. We encourage readers to visit the TU official website to learn more about the Funded Trader.
