The Funded Trader
Active/ 10
Ideal for: Traders who want flexible conditions (no min days) and balance-based drawdown.
The Funded Trader overview
The Funded Trader (TFT) is a US prop firm founded in 2021. In 2026 it offers 1-, 2- and 3-phase challenges across three account types: Knight, Knight Pro and Classic. Sizes range from $5K to $200K (up to $1.2M cumulative funding). No minimum trading days, no time limit, balance-based drawdown.
Instruments
Forex, Indices, Commodities, Crypto
Platforms
Match-Trader, cTrader, Platform5
Leverage
1:100
Profit split
80 – 90 %
Challenges & pricing: The Funded Trader
All challenges offered by The Funded Trader with prices, conditions and targets.
| Program | Size | Price | Phases | Target | Daily DD | Total DD | Duration |
|---|---|---|---|---|---|---|---|
| 1-Step Knight | 5 000 $US | 42 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 1-Step Knight | 10 000 $US | 70 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 1-Step Knight | 25 000 $US | 119 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 1-Step Knight | 50 000 $US | 179 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 1-Step Knight | 100 000 $US | 299 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 1-Step Knight | 200 000 $US | 549 $US | 1 phase | 10 % | 3 % | 8 % | Unlimited |
| 2-Step Royal | 5 000 $US | 79 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
| 2-Step Royal | 10 000 $US | 139 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
| 2-Step Royal | 25 000 $US | 240 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
| 2-Step Royal | 50 000 $US | 360 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
| 2-Step Royal | 100 000 $US | 600 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
| 2-Step Royal | 200 000 $US | 1 100 $US | 2 phases | 8 % + 5 % | 5 % | 10 % | Unlimited |
Strengths & weaknesses
Strengths
- 8% profit target on the 2-Step (more accessible)
- No minimum trading days
- No time limit
- Balance-based drawdown (fairer)
- Accounts up to $200K, scaling to $600K
- News trading allowed
Weaknesses
- Operational issues in the past
- Inconsistent customer support over time
- Tight 1-Step drawdown (3% daily, 8% total)
- Profit split capped at 90%
Detailed scoring
Our verdict on The Funded Trader
The Funded Trader has some of the most flexible challenge conditions on the market: no minimum days, balance-based drawdown, news trading allowed. The 8% target on the 2-Step is realistic. The track record isn't as clean as FTMO's, so a bit more caution is warranted.
Full review of The Funded Trader
The Funded Trader comparisons
The Funded Trader FAQ
TFT has had its ups and downs but is still operating and popular. It now offers three challenge types and clearer conditions than before.
TFT offers three account types (Knight, Knight Pro, Classic) combinable with 1, 2 or 3 phases. The 1-Step Knight has a 10% PT with tight drawdown (3% daily, 8% max). The 2-Step Royal (Knight in some markets) has 8% + 5% PT with looser drawdown (5% daily, 10% max).
No. TFT does not require any minimum number of trading days. You can pass at your own pace.
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