Funding Traders

FundingTraders offers unique aspects such as unlimited trading days, weekend and overnight holding, and no commissions on challenge accounts. 

They provide a 100% profit split with options to receive payouts in as fast as 7 days. The company supports a range of trading platforms including TradeLocker, MT5, and cTrader.

They also offer a scaling plan, allowing traders to grow their accounts by 25% every three months if they maintain profitability.

### Legal Company name

MCF Group FZCO, RSRD Limited

### Company address

- IFZA Business Park, DDP - 001, A1 - 3641379065, Dubai
- SUITE C, LEVEL 7, WORLD TRUST TOWER, 50 STANLEY STREET, CENTRAL, HONG KONG

### Year of establishment

April 2023

### Place of company registration

United Arab Emirates

### Company owners

CEO: Stan

## Trading platforms offered

TradeLocker, MT5, cTrader

## Trading instruments available

- FX: Leverage 1:100
- Indices/Gold: Leverage 1:50
- Coins: Leverage 1:5

## Payment methods available

- Bank Transfer: Rise (riseworks.io)
- Crypto: Binance, Coinbase

## Range of account sizes offered

- 5k: $50 fee
- 10k: $100 fee
- 25k: $200 fee
- 50k: $300 fee
- 100k: $550 fee
- 200k: $1100 fee

## Profit split structure

- Default profit split is 80%; with addon, it's either 90% or 100%
- 100% profit split after initial requirements are met

## Profit targets for each challenge phase

- 1-Step: 10% target
- 2-Step: Phase 1: 10% target, Phase 2: 5% target

## Maximum daily and total loss limits

- 1-Step: 4% daily drawdown, 5% overall drawdown (trailing)
- 2-Step: 5% daily drawdown, 10% overall drawdown (static)

## Minimum and maximum trading day requirements

Minimum trading days: 0

## Overview of challenges and general rules

- 1-step and 2-step challenges with profit targets and drawdown limits
- No time limits on trading days
- Weekend and overnight holding allowed
- Zero commissions on challenge accounts
- Max 2% loss per trade idea

## Challenge steps

1. **Challenge Phase**: Achieve 10% profit without exceeding drawdown limits
2. **Funded Phase**: Start earning as a funded trader with up to 100% profit share

## Pricing/costs to start challenges

- 5k: $50
- 10k: $100
- 25k: $200
- 50k: $300
- 100k: $550
- 200k: $1100

## Fees & commissions

Zero commissions on challenge accounts

## Refundable fees details

Full refund of the evaluation fee upon passing the challenge and receiving the first payout

## Payout frequency

7-14 days after the first trade on a funded account, subsequently every 7-14 days

## Leverage

- FX: 1:100
- Indices/Gold: 1:50
- Coins: 1:5

## Commission per lot

Zero commissions on challenge accounts

## Customer support options and details

Email: support@fundingtraders.com

## Trustpilot Reviews

### Positive

- **Responsive and Efficient Support:** The support team is highly responsive and efficient, addressing issues quickly and effectively. Specific agents such as Khalifa, Lance, Ced, and Magnesium were frequently praised for their professionalism and prompt assistance.
- **Customer Support on Discord:** The company provides instant support through Discord, resolving issues promptly. The GriptoSensei support team and Operations Director RobKristian were specifically mentioned for their helpfulness and fairness.
- **Fast Problem Resolution:** Funding Traders is known for quickly migrating to other platforms when issues arise with MT4/5. They also have a consistent risk rule of 2% per trade which is supported by many traders.
- **Good Communication:** The team communicates well during the payout process and answers any questions or concerns promptly. This ongoing communication is appreciated by the users.
- **Polite and Helpful Staff:** The staff, including agents like Khalifa, CED, Lance, and CRYPTOSENSEI, are noted for their politeness and dedication to resolving queries, making the experience pleasant for the users.

### Negative

- **Poor Broker Quality:** Many users complained about the quality of the brokers used, such as City Broker Technologies and Acqua Markets, citing issues like poor execution times, massive spreads, and bad server connections.
- **Inflexible and Hidden Rules:** The company has strict and sometimes hidden rules that can lead to account failures. Examples include unpublished rules, the 2% risk limit rule, and sudden changes that can impact ongoing trades.
- **Technical Issues:** Users faced technical problems such as the MT5 platform being unavailable for PC, issues with the foreign platform migration, and problems with in-house technology affecting trading experiences.
- **Spam and Poor Support:** Some users reported being spammed with margin call emails after failing a challenge, and experiencing unresponsive support during critical times.
- **User Experience Issues:** The online platform is criticized for being user-unfriendly, with poor design practices leading to errors like accidentally purchasing the wrong challenge type, and lack of detailed purchase information in follow-up emails.

## Frequently asked questions

1. **What leverage is available?**
    - FX: 1:100
    - Indices/Gold: 1:50
    - Coins: 1:5
2. **What are the rules for the 1-Step challenge?**
    - Phase 1: 10% target
    - 4% daily drawdown
    - Max 2% loss per trade idea
    - 5% overall drawdown (trailing on highest balance)
3. **What are the rules for the 2-Step challenge?**
    - Phase 1: 10% target
    - Phase 2: 5% target
    - 5% daily drawdown
    - 10% overall drawdown (static on balance)
    - Max 2% loss per trade idea
    - Drawdown reset end of day
4. **Max allocation & scaling**
    - Scaling plan: 25% growth for every 3 months of profitability (10% at the end of the 3-month period)
    - Current max allocation: $750,000 per customer
    - Maximum account merging: $2m (e.g., $1m x 2)

Finish your order for

Funding Traders - 10K - 2 Steps - 80%