If you are willing to become a funded trader with The Funded Trader and are confused about which challenge to choose, then this article is just a blessing for you. I bet after reading this article, you need not go anywhere, even on Google, and search The Funded Trader Challenge Comparison. I will discuss all the specifications of different challenges briefly so that it will help you make an informed decision about which one to choose. We will also tell you which one is our best pick. So get ready to solve all your confusion.
Understand the Standard Challenge
In this section, we will go over the Standard Challenge of The Funded Trader briefly.
Talking About Important Parts
Some things make the Standard Challenge stand out. It has a 12% maximum loss limit, an enormous 80–90% profit share, a strong 1:200 leverage (which means you can trade with more money than you have), and you only have to trade for three days to get started. Additionally, it fits a range of prices, from $10,000 to $400,000.
Who Would Benefit: This is great for
The Standard Challenge is made to work for a lot of different types of people, but it works best for new traders who like to take risks. We talk about how popular it is with scalpers, who like the high leverage of 1:200, which makes it a good choice for their trading style.
Let us look at the Standard Challenge and its two stages of review. [The Funded Trader Challenge Comparison]
We’ll talk about differences between Regular and Swing accounts, equity- and balance-based declines, and when payouts happen in the article below.
The Rapid Challenge: Accelerating Your Achievement
Now we will discuss about the Rapid challenge of The Funded Trader
Emphasizing Important Details
This part is all about the Rapid Challenge, with a focus on what makes it special. It offers lower maximum losses, a moderate profit target, no minimum trading days needed, and the thrilling prospect of receiving payment every two weeks.
Who Would Gain: Perfect For
The Rapid Challenge is ideal for traders who are willing to take on less risk in exchange for the possibility of faster results. It is designed for traders who want to see rapid financial development. You should take on this task if you want to go fast.
A look at the two evaluation stages of the Rapid Challenge.
In the article below, we’ll talk about regular and swing account types, drawdowns based on balance, and the faster reimbursement time frame.
The Royal Challenge: Getting Started with Knowledge
Here we will have a brief discussion about the Royal Challenge.
Comprehending its Specifics
Find out what makes the Royal Challenge unique. We will talk about how it brings in expert advisors, the losses that could happen, and how its standards match those in the business.
Who It’s Good For: Ideal For
The Royal Challenge is meant for traders who are very good at using trading tools. It asks traders to think carefully about the pros and cons of using it. For traders who want to make smart choices about their trades. [The Funded Trader Challenge Comparison]
Learning about the Royal Challenge’s two-phase review system.
We’ll go over the different ways to get paid and point out what makes this challenge different from others.
The Brave Adventure: The Knight Challenge
Now let’s see what the Knight Challenge has to offer.
Moving to a One-Phase Approach
This chapter talks about the Knight Challenge, which is unique because it only has one step of funding. We’ll talk about its unique features, including tracking drawdowns, and why getting paid every week is a good thing.
Who Would Benefit: This is great for
The Knight Challenge is a great choice for people who like less risk and an open setting without a strict time limit. A more cautious method is what it’s made for people who want to trade.
Giving the Knight Challenge some attention: it’s a one-phase test with quick prize options.
The clear benefits and requirements for quick approval are outlined in the below article.
The latest challenge: Dragon Challenge
Let’s now talk about the Dragon Challenge, the most recent challenge that The Funded Trader has launched.
Brief Discussion
The Dragon Challenge is a one-of-a-kind game that lets you be flexible, control your risks, and make money. As traders deal with this problem, they can find a balance between how fast they trade and the changing chances that come up. As the journey goes on, players can not only meet their profit goals but also make smart decisions that can help them make even more money. [The Funded Trader Challenge Comparison]
Ideal for
It is suitable for traders who are flexible in their approach to trading. Individuals who are ready to accept the changing nature of this challenge may be on their way to success in the constantly thrilling world of trading.
Looking at the Dragon Challenge and its three stages of review.
Learn about the differences between regular and swing accounts, how to use balance-based withdrawals, and how to get paid faster.
Profit Target
Here is a brief overview of the virtual profit targets for different phases in The Funded Trader’s various challenges:
- Standard Challenge:
- Phase 1 Virtual Profit Target: 10%
- Phase 2 Virtual Profit Target: 5%
- Phase 3 Virtual Profit Target: N/A
- Rapid Challenge:
- Phase 1 Virtual Profit Target: 8%
- Phase 2 Virtual Profit Target: 5%
- Phase 3 Virtual Profit Target: N/A
- Royal Challenge:
- Phase 1 Virtual Profit Target: 8%
- Phase 2 Virtual Profit Target: 5%
- Phase 3 Virtual Profit Target: N/A
- Knight Challenge:
- Phase 1 Virtual Profit Target: 10%
- Phase 2 Virtual Profit Target: N/A
- Phase 3 Virtual Profit Target: N/A
- Dragon Challenge:
- Phase 1 Virtual Profit Target: 8%
- Phase 2 Virtual Profit Target: 5%
- Phase 3 Virtual Profit Target: 5%
This summary offers a quick reference to the virtual profit targets set for various phases in each challenge type that The Funded Trader offers.
Here’s a table summarizing the virtual profit targets for different phases in each challenge type offered by The Funded Trader:
| Challenge | Phase 1 Virtual Profit Target | Phase 2 Virtual Profit Target | Phase 3 Virtual Profit Target |
|---|---|---|---|
| Standard Challenge | 10% | 5% | N/A |
| Rapid Challenge | 8% | 5% | N/A |
| Royal Challenge | 8% | 5% | N/A |
| Knight Challenge | 10% | N/A | N/A |
| Dragon Challenge | 8% | 5% | 5% |
This table provides a quick reference to the virtual profit targets set for various phases in each challenge type offered by The Funded Trader.
Drawdown levels
- Standard Challenge:
- Virtual Daily Loss: 5% (6% with Add-On) based on demo equity/balance
- Virtual Max Overall Loss: 10% (12% with Add-On) based on initial demo account balance [The Funded Trader Challenge Comparison]
- Rapid Challenge:
- Virtual Daily Loss: 5% based on balance
- Virtual Max Overall Loss: 8% based on initial demo account balance
- Royal Challenge:
- Virtual Daily Loss: 5% based on demo equity/balance
- Virtual Max Overall Loss: 10% based on initial demo account balance
- Knight Challenge:
- Virtual Daily Loss: 3% (4% with Add-On) based on demo equity/balance
- Virtual Max Overall Loss: 6% (7% with Add-On) based on relative Virtual Drawdown
- Dragon Challenge:
- Virtual Daily Loss: 5% based on balance
- Virtual Max Overall Loss: 10% based on initial demo account balance
Here’s a tabular representation of the drawdown levels for each challenge type:
| Challenge | Virtual Daily Loss | Virtual Max Overall Loss | Add-On (if applicable) |
|---|---|---|---|
| Standard Challenge | 5% (6% with Add-On) | 10% (12% with Add-On) | Yes |
| Rapid Challenge | 5% | 8% | No |
| Royal Challenge | 5% | 10% | No |
| Knight Challenge | 3% (4% with Add-On) | 6% (7% with Add-On) | Yes |
| Dragon Challenge | 5% | 10% | No |
This table summarizes the virtual daily loss, virtual max overall loss, and whether an Add-On is applicable for each challenge type. [The Funded Trader Challenge Comparison]
Minimum Trading Days and Transition/Upgrade Times:
- Standard Challenge:
- Minimum Trading Days: 3
- Phase 1 to Phase 2 Transition Time: 12 hours
- There are no specified transition times for Phase 2 to Phase 3 or Phase 3 to Funded Account
- Rapid Challenge:
- Minimum Trading Days: 0
- Phase 1 to Phase 2 Transition Time: 6 hours
- There are no specified transition times for Phase 2 to Phase 3 or Phase 3 to Funded Account
- Royal Challenge:
- Minimum Trading Days: 5
- Phase 1 to Phase 2 Transition Time: 12 hours
- No specified transition times for Phase 2 to Phase 3 or Phase 3 to Funded Account
- Knight Challenge:
- Minimum Trading Days: 0
- No specified transition times for Phase 1 to Phase 2, Phase 2 to Phase 3, or Phase 3 to Funded Account
- Dragon Challenge:
- Minimum Trading Days: 0
- Phase 1 to Phase 2 Transition Time: 6 hours
- Phase 2 to Phase 3 Transition Time: 6 hours
- There is no specified transition time for Phase 3 to Funded Account
| Challenge | Minimum Trading Days | Phase 1 to Phase 2 Transition Time | Phase 2 to Phase 3 Transition Time | Phase 3 to Funded Account Transition Time |
|---|---|---|---|---|
| Standard Challenge | 3 | 12 hours | N/A | N/A |
| Rapid Challenge | 0 | 6 hours | N/A | N/A |
| Royal Challenge | 5 | 12 hours | N/A | N/A |
| Knight Challenge | 0 | N/A | N/A | N/A |
| Dragon Challenge | 0 | 6 hours | 6 hours | N/A |
This table summarizes the minimum trading days and transition times for each challenge type.
Note: Simulated-funded accounts do not have minimum trading days. [The Funded Trader Challenge Comparison]
Making the switch to simulated funded accounts for all challenges
As soon as you finish the challenge steps successfully, your simulated funded account will be sent to you in a disabled state. At this point, all parties must go through the Know Your Customer (KYC) process and the contract formalities.
You’ll be able to trade within 24 hours (excluding weekends) after signing and sending in the contract.
Reset Time for Drawdown
It starts over every day between 4:57 PM and 5:03 PM EST for the calculated maximum daily drawdown. To keep things running smoothly, we tell our virtual traders not to make trades from 4:57 PM to 5:03 PM EST, which is when the drawdown is being reset.
Your dashboard will show your new daily breach level once the last of your simulated balance or equity, whichever is bigger, is pulled for the day. The simulated money in your account must stay above this amount so that it doesn’t get lowered.
Comparison of Prices for All Challenges
For your ease, here is a challenge price comparison chart that you can look over quickly .
Image source: The Funded Trader
Comparing all the Challenges
We have compare all the challenges below
Our top pick.
This important part is all about our best concept, which is the Standard Challenge. We give its impressive 12% maximum loss limit and low-cost choices a close look. It can be used for a lot of different budgets, from a small $10,000 task at $139 to a big $400,000 challenge. [The Funded Trader Challenge Comparison]
Conclusion : The Funded Trader Challenge Comparison
When it comes to the different challenges of The Funded Trader, this article is meant to be a good guideline. Our goal is to help traders deal with the wide range of problems that The Funded Trader throws at them.
When picking a task, we tell traders to think about their own trading style and goals. Don’t forget that this is just the beginning of your journey. The exciting world of trading always has more to discover.
Happy Trading
Its all about Trader’s IQ over Emotional IQ
Read also: “Unlocking Profits: A Comprehensive Guide on How does The Funded Trader Pay You”
Read also: Understanding HFT rules: Does The Funded Trader allow HFT?
I’m a seasoned trader with over 3 years of experience in financial markets. Throughout my journey, I’ve navigated various market conditions and developed my skills in trading strategies, risk management, and market analysis. Now I am also developing myself as a good digital marketer.