Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
Funds for Traders is a prop firm registered in the Netherlands. It’s established in January 2024, and the owners are Joran Van Lakwijk, and Joek Broos.
Platforms for Trading at Funds For Traders
There are two trading platforms to choose from at Funds for Traders, DXtrade and Eightcap.
What Instruments Does Funds For Traders Offer?
Funds for Traders offers Forex, Metals, Indices, Stocks, and Crypto.
Options for Payment at Funds For Traders
The current payment options are Crypto and Credit Card.
Different Account Sizes at Funds For Traders
Funds for Traders offers quite many account sizes in comparison to other prop firms. They have nine account sizes that vary from $500 to $200k.
How to Contact Funds for Traders?
You can contact Funds for Traders via live chat, social media accounts, by submitting a form, and emailing: [email protected].
Funds For Traders Approach to Profit Sharing
You’ll get 80% of profit share with your first payout. The second payout comes with a 85% profit split. Every next payout has a 90% profit split.
Profit Goals at Funds For Traders
The One-Phase challenge has a 10% profit goal. The first step of the Two-Phase challenge has a 8% profit goal you need to reach. The second step has 5%. The first step of the Three-Phase challenge has a 8% profit target, and the next two steps have 5%.
Funds For Traders: Loss and Drawdown Limits
The maximum daily loss is:
- 4% for the One-Phase challenge
- 5% for the Two-Phase challenge
- 5% for the Three-Phase challenge
The maximum total loss is:
- 6% for the One-Phase challenge
- 10% for the Two-Phase challenge
- 10% for the Three-Phase challenge
Funds For Traders Minimum/Maximum Trading Day Requirements
The minimum trading days for the 1-Step challenge is 5, and the other two don’t have any limits. There are no limits on maximum trading days.
Cost of Joining Funds For Traders Challenge
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 |
Understanding Fees and Commissions at Funds For Traders
When you open or close a position, you’re charged $3.50 each time. There’s a commission of $7 per standard round lot.
Are Fees at Funds For Traders Refundable?
No, fees are not refundable at Funds for Traders.
Trial Periods Available at Funds For Traders
There is a $100k account available as a free trial option.
Frequency of Payouts
The first payout is after 30 days, then every next one is bi-weekly.
Pros vs. Cons based on Trustpilot reviews
- Cheap account
- Great trading conditions
- Reliable prop firm
- Good customer support
- New proprietary firm
Funds For Traders FAQ
No, there are no monthly fees.
Yes, you can use EAs and ALGOS
Funds for Traders allows news trading.
No, you can’t withdraw the evaluation profit.
During the evaluation process, you trade to show your skills without risking capital. You can request the first payout after 30 days, and every next one bi-weekly.
High-frequency trading, arbitrage trading, and scalping and forbidden.
Your existing balance may be increased by 25% up to 1 million.
