Funds for Traders is a prop firm established in January 2024, in the Netherlands. The owners of Fund for Traders are Joran Van Lakwijk and Joek Broos.
Funds For Traders Available Trading Platforms
You can use Eightcap and DXtrade at Funds for Traders.
Trading Instruments Offered at Funds For Traders
Funds for Traders offers the following trading instruments:
- Forex
- Metals
- Indices
- Stocks
- Crypto
Payment Options at Funds For Traders
You can pay and get paid with Crypto and Credit Cards.
Account Size Varieties at Funds For Traders
Funds For Traders has nine account sizes varying from $500 to $200k.
Profit Share Dynamics in Funds For Traders
The first payout has an 80% share. You’ll get a 85% profit share with the second payout. All the next payouts have a 90% profit share.
Contact Funds For Traders
Contact Funds for Traders via:
- Email: [email protected]
- By submitting a form
- Live chat
- Social Media Accounts
Profit Targets Across Challenges
Funds for Traders sets different profit targets for each challenge type. In the One-Phase challenge, it’s 10%. In 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%.
Max Daily/Total Loss and Drawdown Rules at Funds For Traders
Maximum overall loss:
- 6% for the 1-Step challenge
- 10% for the 2-Step challenge
- 10% for the 3-Step challenge
Maximum daily loss:
- 4% for the 1-Step challenge
- 5% for the 2-Step challenge
- 5% for the 3-Step challenge
Maximum/Minimum Trading Days Policy at Funds For Traders
Only the 1-Step challenge has a minimum of 5 trading days. The other two challenges don’t have a minimum trading days rule. You have unlimited time to finish your evaluation.
How to Pass Funds For Traders Challenges
Funds for Traders don’t have a consistency rule you need to follow to pass the challenges. You need to make sure you’re not showing gambling behavior, or all or nothing trading. Follow the given rules, and you’re on a good path to pass the challenge.
Challenge Participation Fees
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 |
Funds For Traders Fee and Commission Details
There is a commission of $7 per lot. Funds for Traders charge you $3.50 for every opening and closing of a position.
Are Fees Refundable at Funds For Traders
No, fees aren’t refundable at Funds for Traders.
Do Funds For Traders Offer Free Trials?
Yes, there is a $100a trial account you can get.
Payout Intervals at Funds For Traders
You can ask for a payout 30 days after your first placed trade. Every next payout is done bi-weekly.
Breaking Down Funds For Traders Pros and Cons (According to Community Reviews)
- Low prices for accounts
- Good trading conditions
- Reliable proprietary firm
- Great customer support
- Young proprietary firm
Funds For Traders FAQ Section
No, you don’t have any monthly fees to pay at Funds for Traders.
Yes, you can use EAs and Indicators. Remember that there are strategies that are not allowed.
Funds for Traders allows you to trade news.
No. The evaluation process is for Funds for Traders to check who is a good and responsible trader.
The evaluation process has rules that you need to meet to show your skills and the ability to manage risks. You can expect your first payout after 30 days from the first placed trade, and every next one every two weeks.
You’re not allowed to use arbitrage trading, scalping, and high-frequency trading.
Your balance may be increased by 25%, up to 1 million.
