Funds for Traders prop review – Should you trust this prop firm?

Funds for Trader is a forex prop trading firm that offers accounts with funding as low as $500, with up to $200,000 in gross funding. This makes the platform accessible for traders of all experience levels and budgets.

However, the features and legitimacy of Funds for Traders can raise some questions for experienced prop traders.

In this review we can look at the multiple aspects of the firm and all of its features and offerings to rate Funds for Traders and determine if the prop firm is worth a try.

Pros and cons of Funds for Traders prop firm

Safety of Funds for Traders – 1.5

Safety is a major concern for prop traders, thanks to the unregulated nature of the global prop trading market.

The ForexPeaceArmy is typically the go-to platform for forex broker and prop firm reviews.

FFT does not yet have reviews on the platform, which could be an issue for traders that are highly concerned with the topic of security.

FFT does have reviews on Trustpilot, where it holds a rating of 4.2 out of 5, based on 33 reviews.

Due to a lack of reputable reviews and ratings, as well as an absence of regulations on the prop trading industry, FFT gets a low safety rating.

Funds for Traders funding and maximum capital allocation – 4

Prop trading firms often divide their offerings into multiple account types with different maximum funding levels.

Fund for Traders is an interesting firm in this regard, as the lowest funded account comes in at just $500.

While the types of accounts are divided into 1, 2 and 3-step evaluations, the funding levels remain constant and are the following: $500, $1,000, $2,000, $5,000, $10,000, $25,000, $50,000, $100,000, $200,000.

It must be noted that many competing prop firms offer higher maximum funding limits, with $500,000, or $1 million being popular funding tiers.

However, FFT does offer account scaling to consistently profitable traders – with the ability to scale up the account to as much as $1 million.

Overall, the funding terms offered by FFT are fair and reasonable, with plenty of different opportunities for prospective clients.

Funds for Traders assets – 4.5

The choice of tradable instruments is very important for prop traders. Funds for Traders offers a solid selection of assets, which includes: forex pairs, commodities, indices, metals, crypto and stocks.

From major forex pairs like EUR/USD to equity indices, traders have plenty of choices when it comes to what to trade and how to structure their strategies.

It is also worth mentioning that the official Funds for Trading website does not list the specific asset classes and instruments that are offered by the prop firm, which can confuse prospective traders that have some experience with a particular asset class.

Funds for Traders trading rules and limitations – 3.6

Trading rules and limitations are an integral part of prop trading, as it is the primary risk hedging method for prop firms when giving traders access to funded accounts.

FFT’s offerings are divided into three types of evaluations – 1-step, 2-step and 3-step evaluations. The terms of each of these evaluations can differ considerably.

It should be noted that the trading terms do not differ based on the amount of funding attached to a particular account.

Furthermore, copy trading and algorithmic trading are both allowed, as well as account scaling, which is an advantage.

1-Step Evaluation

The general terms and limitations for the 1-step evaluations are the following:

• 10% profit target
• 4% daily loss limit
• 6% maximum total loss limit
• Minimum trading days
• Profit splits between 80-90%
• 1:100 maximum leverage

2-Step Evaluation

The terms and limits for the 2-step evaluations are as follows:

• 8% profit target (step 1) 5% profit target (step 2)
• 5% daily loss limit
• 10% maximum total loss limit
• No minimum trading days
• Profit splits between 80-90%
• 1:100 maximum leverage

3-Step Evaluation

The terms and limits for the 3-step evaluations are the following:

• 8% profit target (step 1) 5% profit target (steps 2 and 3)
• 5% daily loss limit
• 10% maximum loss limit
• No minimum trading days
• Profit splits between 80-90%
• 1:100 maximum leverage

Funds for Traders fees – 4

Typically, prop trading firms will charge fees for their accounts that are often refundable. FFT offers some of the lowest entry fees for the $500 funded accounts.

These account fees, coupled with the profit split, are two of the primary revenue streams for prop trading firms.

1-Step Evaluation fees

The fee structure for the 1-step evaluation can be broken down into the following:

• $11 for the $500 account
• $20 for the $1,000 account
• $30 for the $2,000 account
• $89 for the $5,000 account
• $149 for the $10,000 account
• $225 for the $25,000 account
• $319 for the $50,000 account
• $525 for the $100,000 account
• $999 for the $200,000 account

2-Step Evaluation fees

Here’s the fee structure for the 2-step evaluation programs:

• $7.50 for the $500 account
• $13.50 for the $1,000 account
• $20 for the $2,000 account
• $49 for the $5,000 account
• $89 for the $10,000 account
• $189 for the $25,000 account
• $350 for the $50,000 account
• $499 for the $100,000 account
• $949 for the $200,000 account

3-Step Evaluation fees

The fees charged for the 3-step evaluations are the following:

• $5 for the $500 account
• $10 for the $1,000 account
• $15 for the $2,000 account
• $39 for the $5,000 account
• $59 for the $10,000 account
• $129 for the $25,000 account
• $209 for the $50,000 account
• $349 for the $100,000 account
• $599 for the $200,000 account

The fees offered by FFT are generally competitive and the 3-Step evaluation offers some of the lowest available fees on the market, which is a major advantage of the firm.

Funds for Traders platforms – 3.9

Funds for Traders is a partner of Eightcap, which is a licensed and regulated forex broker that gives traders access to MetaTrader 4.

It must be noted that FFT does not have an in-house trading platform or other helpful tools and everything is provided by Eightcap. For experienced traders that have worked with Eightcap, this may be an advantage.

The broker also has a mobile app, which is convenient for traders on the go.

The access to MetaTrader 4 is perhaps the most important aspect of FFT’s offerings, as it is the most popular trading platform among forex and commodities traders.

Funds for Traders profit sharing – 5

The profit-sharing agreement at FFT can vary based on the success rate and longevity of the trader’s account.

Clients who consistently trade profitably at FFT can not only scale up their accounts, but also improve their profit share – going from 80% to 85 and 90.

A 90% profit share is often offered by prop firms in order to incentivize their traders to perform well and keep more profits for themselves.

However, it is also worth noting that the accounts offered by Funds for Traders are simulated and real live trading is not offered, which is a major downside.

Overall, FFT’s profit-sharing agreement is acceptable and in line with competing prop firms.

Education and trading tools at Funds for Traders – 3.3

Educational content is important for inexperienced traders, as it allows them to learn more about trading as they try out different strategies, read articles, listen to webinars, etc.

However, FFT itself does not offer any educational content. Rather, clients can access materials available at Eightcap, which includes blogs, webinars, articles, as well as helpful trading tools like economic calendars and customizable technical indicators.

The educational content available at Eightcap is informative and relevant. However, many competing prop firms offer educational materials of their own, rather than from third-party providers.

Customer support and Funds for Traders – 2.4

Clients who would like to contact FFT can do so via the live chat function on the official website, as well as using the 24/7 email support.

The website does not list an official hotline, which can be an issue for clients that would like to get in touch with a real representative, as opposed to a chatbot.

For this reason, the customer support rating for FFT is mixed.

FAQ on Funds for Traders prop firm