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July 1, 2025
Dive deep into unbiased reviews of top forex prop firms — including funding rules, payout speed, trader support, and real performance.
The Funded Trader is a prominent proprietary trading firm that offers passionate and skilled traders the chance to trade with company funds, allowing them to grow their capital without the risk of personal funds. The firm offers up to 95% profit splits, with traders managing account sizes ranging from $5,000 to $200,000. Traders can engage in forex pairs, commodities, indices, and cryptocurrencies, making it a versatile choice for many traders.
The Funded Trader LLC was established on May 12, 2021, and is headquartered in Liberty Hill, Texas. The firm is managed by CEO Angelo Ciaramello, a successful entrepreneur and trader who founded the company to bridge the gap between retail traders and institutional capital. Angelo’s vision was to create a platform where individual traders could compete for funded accounts and showcase their skills on leaderboards. He is a recognized leader in financial technology and was named one of the top 25 Financial Technology Leaders in New Jersey in 2022.
Angelo Ciaramello is the founder and CEO of The Funded Trader, and his journey as a trader and entrepreneur led him to create a platform that provides opportunities for traders to excel with funding and achieve financial independence. Angelo’s leadership and passion for helping others have shaped the company’s core values.
The Funded Trader offers a variety of funding programs tailored to different trading styles and preferences. These include five primary challenges:
Royal Pro Challenge
Royal Challenge
Knight Pro Challenge
Knight Challenge
Dragon Challenge
The Royal Pro Challenge is a two-step evaluation process, where traders aim to reach a profit target of 8% in Phase 1 and 5% in Phase 2. Traders are given the flexibility to manage accounts from $25,000 to $200,000 with leverage up to 1:50.
Account Size & Pricing:
$25,000 – $239
$50,000 – $470
$100,000 – $949
$200,000 – $1,890
Profit Split: 75% to 95%
Scaling Plan: If a trader shows consistent profitability, they can increase their account size by 25% every 3 months.
Similar to the Royal Pro Challenge but with slightly different rules, the Royal Challenge also spans two phases. Traders must reach 8% profit in Phase 1 and 5% profit in Phase 2, while abiding by a 5% maximum daily loss rule.
Account Size & Pricing:
$5,000 – $60
$10,000 – $120
$25,000 – $189
$50,000 – $289
$100,000 – $489
$200,000 – $1,158
Profit Split: 75% to 92.75%
Scaling Plan: Similar to the Royal Pro Challenge, traders can scale their account size by 25% every 3 months if they achieve a 6% return over 3 months.
This one-step evaluation challenge offers traders the chance to manage accounts up to $200,000 with a 10% profit target. The challenge has a maximum daily loss of 5% and a maximum trailing loss of 8%.
Account Size & Pricing:
$5,000 – $65
$10,000 – $105
$25,000 – $195
$50,000 – $295
$100,000 – $495
$200,000 – $945
Profit Split: 80% to 95%
Scaling Plan: Similar to the Royal Pro Challenge, the Knight Pro Challenge offers account size increases by 25% every 3 months with the same return criteria.
The Knight Challenge is another one-step evaluation challenge, with a profit target of 10%. Traders are required to follow strict daily loss limits, with a maximum daily loss of 3% and a trailing loss of 6%.
Account Size & Pricing:
$5,000 – $59
$10,000 – $99
$25,000 – $189
$50,000 – $289
$100,000 – $489
$200,000 – $939
Profit Split: 80% to 90%
Scaling Plan: Like other challenges, traders can scale up their account size by 25% every 3 months if profitable.
The Dragon Challenge is a three-step evaluation that allows traders to manage up to $100,000. This challenge has a more gradual profit target progression with an 8% target in Phase 1, 5% in Phase 2, and 5% in Phase 3.
Account Size & Pricing:
$5,000 – $49
$10,000 – $99
$25,000 – $135
$50,000 – $205
$100,000 – $355
Profit Split: 75% to 95%
Scaling Plan: Same as the other challenges, the Dragon Challenge allows for a 25% increase in account size every 3 months.
The Funded Trader offers a range of unique features that make it stand out from other proprietary trading firms. These include:
Wide Range of Challenges: With five challenge options, The Funded Trader offers flexibility to cater to various trading styles.
Scalability: All programs offer scaling opportunities, enabling traders to increase their account size as they grow.
Realistic Profit Targets: The profit targets (8%-10%) are achievable, giving traders a fair chance to succeed.
Generous Profit Splits: Traders can earn 75% to 95% of profits, depending on the program and the profit split add-ons.
Flexibility in Payouts: Traders can receive payouts on-demand or on a 3-day or bi-weekly basis, depending on the challenge.
Add-Ons for Customization: The firm offers various add-ons for extra benefits, such as higher profit splits, additional drawdowns, and more.
Here’s a comparison of The Funded Trader with a few other industry-leading firms:
| Trading Objectives | The Funded Trader (Royal) | FTMO |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Max Daily Loss | 5% | 5% |
| Max Loss | 10% | 10% |
| Minimum Trading Days | 5 Profitable Trading Days | 4 Calendar Days |
| Profit Split | 75%-95% | 80%-90% |
Achieving capital from The Funded Trader is realistic due to its balanced trading rules, achievable profit targets (8%-10%), and no maximum trading day requirements. With scaling opportunities available after a few profitable months, traders can expect steady growth. The flexible payout options also make it easy for traders to access their earnings, adding to the overall attractiveness of the firm.
The Funded Trader boasts a large and satisfied community of traders, with many achieving funded status and successfully receiving profit splits. The company has a good track record, as evidenced by feedback from their Trustpilot reviews and Discord channel.
The Funded Trader partners with Voyage Markets and Thaurus LTD as brokers, providing a range of trading platforms including cTrader, MetaTrader 5, and Match-Trader.
Traders at The Funded Trader can access a variety of instruments including:
Forex Pairs
Commodities
Indices
Cryptocurrencies
The Funded Trader offers valuable educational content for its traders, including:
Trader Interviews
Podcasts
Trading Psychology Content
Company Announcements
They also provide a well-designed Trader Dashboard for effective risk management, helping traders stay on top of their performance.
The Funded Trader is a reputable proprietary trading firm offering diverse funding programs for traders with different skill levels. The firm’s transparent rules, competitive profit splits, scalability, and on-demand payouts make it an attractive option for traders worldwide. If you’re seeking a prop firm with realistic trading objectives and flexible withdrawal options, The Funded Trader is highly recommended.
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