Funds for Traders is a new prop firm established in 2024 in the Netherlands. It has two owners, Joran Van Lakwijk, and Joek Broos.
Funds For Traders Trading Platform Choices
There are two trading platforms to choose from: DXtrade and Eightcap. Both of these are good platforms with modern features and tools.
The Instruments You Can Trade with Funds For Traders
You can trade:
- Forex
- Stocks
- Indices
- Crypto
- Metals
How to Pay at Funds For Traders
At Funds for Traders, you can pay with a Credit Card or with Cryptocurrency.
Funds For Traders Array of Account Sizes
Funds for Traders offers nine account sizes that vary from $500 to up to $200k.
How to Contact Funds for Traders?
There are three ways you can contact Funds for Traders and they’re:
- Live Chat
- By Submitting a Form
- Email: [email protected]
You can also reach them out on their social media.
The Profit Sharing System at Funds For Traders
You’ll get 80% of profit share with your first payout. The second payout comes with an 85% profit split. Every next payout has a 90% profit split.
Profit Targets at Funds For Traders
The profit target at Funds for Traders depends on the challenge type. 1-Step challenges have a 10% profit target.
In the first step of the 2-Step challenge, you’ll need to reach an 8% profit target, and 5% in the second.
The 3-Step challenge has an 8% profit target in the first step, and the next two steps have a 5% profit target.
Loss Rules and Daily Drawdown
The maximum daily loss is:
- 4% for the One-Step challenge
- 5% for the Two-Step challenge
- 5% for the Three-Phase challenge
The maximum total loss is:
- 6% for the One-Step challenge
- 10% for the Two-Step challenge
- 10% for the Three-Step challenge
Maximum/Minimum Trading Days at Funds For Traders
There are no maximum and minimum trading days at Funds for Traders, except the minimum of 5 trading days for the 1-step challenge.
Funds For Traders Challenge Fee Breakdown
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 |
Funds For Traders Fee and Commission Details
The fee for opening and closing positions at Funds for Traders is $3.50 each, while the commission is $7 per standard round lot.
Funds For Traders and Their Refund Policy
The Funds for Traders refund policy states that they’re not giving refunds on the fees.
Do Funds For Traders Offer Free Trials?
Yes, you can get a free $100k trial account as a free trial option.
Trader Payout Schedule at Funds For Traders
The first payout is 30 days after you place a trade. All other payouts are every two weeks.
Trustpilot Assessment of Funds For Traders: Pros & Cons
- Cheap accounts
- Good trading conditions
- Reliable prop firm
- Good customer support
- Fast payouts
- New proprietary firm
Funds For Traders Website FAQ
No. You’re not charged any monthly fees at Funds for Traders.
Yes, you can use them.
Absolutely, news trading is allowed at Funds for Traders.
Unfortunately, you can’t withdraw evaluation profits.
During the evaluation process, you trade without risking capital. After 30 days, you can request the first payout, and then every two weeks.
You’re not allowed to use Arbitrage trading, scalping, and high frequency-trading.
If you consistently profit, your balance may increase by 25% up to 1 million.
