The Funding Traders project is presented as a prop firm with the aim of identifying and supporting consistently profitable traders to grow the company's capital. On the homepage of the official website, which is available exclusively in English, the project creators claim that the company finances 5.27 thousand traders, with a total payout of 4.7 million dollars in 2023. You can view the official website fundingtraders.com in the screenshot below.
In a special section of the web resource, it is stated that the organization was founded in 2023, but no information is provided to confirm this. There is also no information about regulatory bodies that have authorized and regulate the activities of FundingTraders. The site provides access to documentation that regulates the internal activities of the organization.
The contact methods include an email address, online chat, and Telegram at the domain t.me/fundingtraders.
The trading intermediary “Funding Traders” offers to conduct transactions with a leverage of 1:100 on the following investment assets:
Since the organization is a prop firm, it offers trading using its own assets and invites its users to achieve certain trading goals. These goals are determined by the plan chosen by the client, with all the necessary information found on the website's homepage, which the platform creators refer to as a “challenge” (hereafter “challenges”).
“Challenges” are selected in the personal account after registration. The “challenges” themselves affect what trading goals will be set for the user, which platforms will have to be used, what amount will be provided, and the compiled challenge will affect the final deposit required to start trading, which can start from 50 USD.
The broker “FundingTraders” offers the following trading platforms for work: MetaTrader5, DXTrade, cTrader. All these trading terminals are available on both personal computers and mobile devices. TradeLocker provides advanced trading chart data. The trading agent does not report the availability of a demo account or automated trading.
After studying the site, trading platform, and frequently asked questions, it can be learned that users can use cryptocurrencies and bank cards to fund accounts and withdraw funds. Withdrawals can be made by submitting a request in the Funding Traders personal account, which can be done every seven days or every fourteen days depending on the chosen “challenge.” The transaction period is 1-3 days.
The trading intermediary “Funding Traders,” due to the lack of registration documents and the complex system of creating “challenges,” is unlikely to ever occupy leading positions in broker ratings. Therefore, before starting to work with this broker, it is worth familiarizing yourself with information from independent market professionals and studying genuine reviews about Funding Traders from trading platform users.
All these trading conditions seem somewhat dubious, plus there are no registration documents, and there is something unclear to me in all of this: what is their benefit if I spend their money and don't earn anything, contributing much less, unless they are, of course, a scam…
People, this Funding Traders is a complete scam, don't fall for this fraud!! I traded here for a month, decided to deposit five hundred bucks and give it a try. I can say that this is some sort of trading simulation, it feels like no real trades are being conducted, and they just show you pretty numbers. Moreover, you have to meet these set goals, and it's all nonsense; they will be achieved by themselves essentially, there were no problems, and this is most likely done intentionally so that fools don't leave. They simulate successful work and don't stress the users, so to speak, the creators of this scam try to sit on two chairs at once to make people bring them more money. And I couldn't even withdraw my five hundred, the technical support is silent…
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