Funded Trader has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.funded-trader.net.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Funded Trader recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Educational resources
Cons: Minimum deposit could be lower|Search feature is basic
I signed up with Funded Trader after comparing multiple platforms and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Full transparency|Low minimum deposit
Cons: Some tools only available on higher tiers
For anyone considering Funded Trader, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Funded Trader advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good mobile app|Real-time alerts|Fast deposits|Easy to use platform
Cons: Onboarding videos are outdated|Desktop app not available on Linux
I am in a dispute with Funded Trader over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Market news feed|Smooth onboarding|High security standards|Comprehensive tools
Cons: No fractional shares|Limited demo account features