The Funded Trader Monthly Competitions - Updated

Forex_Captain
Oct 25, 2024

The Funded Trader Competitions

The Funded Trader, a prop firm platform, hosts monthly free trading competitions with cash prizes or challenge accounts of up to $100,000. These competitions are limited to the first 5,000 participants and are designed for traders to showcase their skills. Competitors who rank in the top 200 have the chance to win trading accounts.


How to Join The Funded Trader Competition:

Participating in The Funded Trader Competition is a simple process in 3 steps:

1. Visit The Funded Trader registration page.

2. Log in to the dashboard, tap "Free Competition," click "Upcoming Competition," and participate.

- After participation, you will receive an email with your MT5 trading account ID and password.

3. Log in to your MetaTrader terminal, where you'll find the trading account automatically credited with a virtual fund of USD 100,000, enabling you to start trading on the competition start date next month.

- During the live competition, achieving at least 25%+ profit makes traders eligible for a $10K Free royal challenge account after the competition ends. ( Old condition)


- All participants who pass and achieve a top-25 ranking in the competition receive a 100% discount code, applicable to challenge account purchases for free.

- Traders who rank between 2nd and 200th also have a chance to win a $100,000 challenge account through a raffle lottery system.

Prize Rewards:

Prizes are distributed based on ranking positions. See the details below:

 


Competition Rules:

Participants must adhere to the competition rules, including a 5% Max Daily Drawdown, a 10% Max Total Drawdown, and a requirement to meet 5 Minimum Trading Days. 

Additional Points to Consider:
- EAs are not allowed.

- No taking advantage of unrealistic fills in the demo environment.

- Daily Drawdown is calculated based on the higher of Balance or Equity.

- Lot size rules apply for different asset classes.

- Only one account per person is permitted.

- The competition starts on the first day and ends on the last day of the month.



Win Challenge Account Rule and Profit Withdrawal Conditions:

Profit withdrawal conditions vary based on the type of challenge account received. 

For example, if a trader receives a 10k Knight pro Challenge account, they must achieve a 10% profit target and avoid a 5% daily drawdown and 8% max total drawdown.

After completing phases 1, traders receive a Live $10k Funded Account with profit withdrawal conditions, including a profit split of 80%-95%.

Traders can request a profit payout anytime after the first trade.

Note that: trader meet minimum profitable 3  days ( each day archived 0.25% )

Conclusion:

The Funded Trader provides an enticing opportunity for traders to engage in free trading competitions, offering a platform for learning and earning without risk. Traders should thoroughly understand and agree to the terms and conditions before participating.

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