The Funded Trader Takes the Plunge into cTrader (2024)

FAQs

Can US traders use cTrader? ›

It is important to note that cTrader will be only be available to our international customers (This is not available for those residing in the United States).

In March 2024, The Funded Trader (TFT) ceased trading and cancelled their agreements with all traders in their books.

Consistency Rule Explained

By keeping your most profitable day below 45% of your total profits, you can better balance your RRR (risk-reward ratio) and develop a more sustainable trading strategy. This rule also helps FunderPro find the best pro traders to fund.

The Funded Trader works with the Eightcap broker. Users can trade currencies, indices, gold, and commodities; cryptocurrencies are only available during the challenges. The minimum leverage is 1:2, the maximum is 1:200. All styles of trading, including scalping, are allowed.

In addition to the MetaTrader platform, FTMO also allows traders to use the cTrader platform. Due to the many indicators and analytical tools, this platform is also very popular among traders.

cTrader does not offer its services to United States residents due to regulatory reasons. Contract for difference (CFD) trading is prohibited by the US financial authorities.

Most traders fail because they do not invest enough time and effort in learning about the markets and trading strategies. They enter the market without a proper plan or strategy, which leads them to make poor decisions and lose money. Another reason why traders lose money is because of emotional decisions.

In response to mounting concerns from its clientele regarding payout discrepancies and a lack of responsive customer service, the company has opted to hit the pause button on all operations, hinting at an imminent relaunch.

Statistics on Funded Trading Payouts and the 1% Myth

While trading is no cakewalk, the actual success rate might be closer to 5%. So, it's not quite as exclusive as you might have thought. For instance, the average payout for funded trading with The Funded Trader (TFT) is around $7,000.

One popular method is the 2% Rule, which means you never put more than 2% of your account equity at risk (Table 1). For example, if you are trading a $50,000 account, and you choose a risk management stop loss of 2%, you could risk up to $1,000 on any given trade.

What is the 60% rule in Funderpro? ›

Consistency Rule

This means that no single trading day can account for 60% of the total profits. This rule is to prevent traders from simply placing one large trade to pass. Genuine traders should have no issue splitting the 12% profit target across a few successful days.

3% Rule: This suggests risking no more than 3% of your trading capital on any single trade. This helps limit the potential loss from any one trade and protects your overall capital.

Furthermore, The Funded Trader reassured traders that migration to cTrader would continue for those who have requested it, indicating an ongoing transition process. Traders are encouraged to remain attentive to the provided instructions to facilitate a smooth transition to the new platform.

Replies. cTrader is free to be used by anyone. It's the brokers that offer cTrader that are not allowed to offer their services in the US.

Yes, ATC Brokers provides trading services to a worldwide customer, subject to country-specific rules.

No. CFD trading is illegal for US citizens and residents. Additionally, most CFD brokers don't accept US citizens or US residents as clients. CFDs are illegal in the US because they are an over-the-counter (OTC) trading product.