Funds for Traders is a new prop firm established in January 2024. It’s registered in Nimrodstraat 13, 5042WX Tilburg, in the Netherlands. The owners are Joran Van Lakwijk, and Joek Broos.
Trading Platforms at Funds For Traders
Funds for Traders offers two trading platforms, Eightcap and DXtrade.
Instruments Available with Funds For Traders
You can trade several instrument types at Funds for Traders like:
- Forex
- Metals
- Indices
- Stocks
- Crypto
How to Make Payments at Funds For Traders
At Funds for Traders, you can pay using Crypto and Credit Cards.
Account Sizes Available at Funds For Traders
Funds for traders offers nine account sizes:
- $500
- $1,000
- $2,000
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
Profit Splits in Funds For Traders
Funds for Traders offers up to 90% profit splits.
- First Payout – 80% Profit split
- Second Payout – 85% Profit split
- Consecutive Payouts – 90% Profit splits
Contact Funds For Traders
You can contact Funds for Traders via:
- Email: [email protected]
- Live chat
- By submitting a form
- Social Media Accounts
Profit Targets for Funds For Traders:
The profit target at Funds for Traders depends on the challenge type. The One-Phase challenge has a 10% profit target. The first step of the Two-Phase challenge has a 8% profit target 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%.
Maximum Daily Drawdown and Loss at Funds For Traders
The maximum daily loss at Funds for Traders is 4% for the One-Phase challenge, and 5% for the other two. The maximum total loss for the 1-Phase challenge is 6% and 10% for the 2 and 3 Phase.
Minimum/Maximum Trading Days Required at Funds For Traders
There are no limits when it comes to maximum trading days. But, the minimum number of trading days of the 1-Phase challenge is 5, while the other two don’t have the limit.
Funds For Traders: Rules and Challenges
Funds for Traders doesn’t have the consistency rule. They don’t allow gambling behavior or all or nothing trading where you can lose your account. You must be 18 years or older to join the site or buy a challenge. The challenges are created to fit both experienced and beginner traders.
Steps Available in Funds For Traders Challenge
Funds for Traders has three types of challenges available:
- One-Phase Challenge
- Two-Phase Challenge
- Three-Phase Challenge
Pricing for 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 |
Commissions and Fees at Funds For Traders
You’re charged $3.50 when opening and closing a position. There is a commission of $7 per 1 standard round lot.
Funds For Traders: Refund Policies
There are no refunds at the Funds for Traders.
Trial Offers at Funds For Traders
Fund for Traders offers a free $100k trial account.
Payout Schedules of Funds For Traders
You can request the first payout after 30 days. Then every next one bi-weekly.
Evaluating Funds For Traders: Advantages and Disadvantages
- Cheap accounts
- Free trial
- Many account sizes available
- Three challenge types
- New prop firm
Funds For Traders FAQ Section
No, there are no monthly fees at Funds for Traders.
Yes, you can use EAs and Indicators, but there are strategies that are forbidden.
News trading at Funds for Traders is allowed.
No. The purpose of the evaluation is for Funds for Traders to make sure you’re a consistent trader without risk, so you’re not able to withdraw the evaluation profit.
The evaluation process involves trading for a specified period to demonstrate your skills without risking capital. Payouts are made after meeting certain criteria, such as trading for at least 30 days for the first payout and then bi-weekly thereafter.
Certain strategies like high-frequency trading, arbitrage trading, and scalping are strictly prohibited. Engaging in these strategies can result in the termination of your account.
If you achieve a minimum of 10% in payouts within a 4-month period, with at least 2 months of profitability, your existing balance may be increased by 25%, up to 1 million.
