Skilled Funded Traders Review, Rules, Programs and More

Is Skilled Funded Traders a legit prop firm? Can you trust them? Find out here.

With so many scams in the trading world, I recommend you only work with the best prop trading companies.

After reviewing 200+ trading companies globally, here are my top recommendations:

• The5%ers (For Non-US Traders)
• E8 Markets (For US-based traders)

Pros

• Comprehensive ability evaluation
• Grow progressively to make up to $2 million
• Several payment options, including bitcoin
• Tasks tailored to the skills of the player
• Open-ended trading with a focus on reliability
• A high rating on the Trust Pilot
• Approving strategies for trading news
• Knowledgeable advisor Make use of authorization
• You can get high leverage up to 1:100.

Cons

• Costs associated with challenges can be high.
• Trade regulations are stringent and limiting.
• Significant fluctuations in the market could impact slippage.
• restricted to two-step tasks
• New Arrival

What are Skilled Funded Traders?

To identify and improve trading skills, a proprietary trading organization called Skilled Funded Traders uses a rigorous process of challenge and validation. It provides traders with well-considered surroundings in addition to monetary support to help them advance their skills.

The two program assessment phases are the SFT Challenge and the SFT Verification phase that comes after. This rigorous procedure is meant to prove that a trader has reliable trading skills, which will enable them to get money and join the SFT Traders community.

Skilled Funded Traders was formed by Riz Iqbal, Palden Bhutia, and Omar Agag. They have more than 15 years of combined trading experience. These three seasoned professionals are well-versed in day trading as well as entrepreneurship. Their goal was to develop a platform that would give traders the money they needed to thrive in the volatile Forex market, together with the critical advice and information they needed.

Their experience with proprietary organizations and their trading performance motivated them to develop a platform that provides traders with the greatest circumstances and exceptional support.

Skilled Funded Traders Funding Programs and Challenges: Rules and Requirements

Customized challenges are offered by SkilledFunded Traders to traders seeking sponsored chances. The company assesses traders’ skills without putting them in danger of losing money through a simulated trading assessment. Successful candidates will have access to a financed trading account with substantial funding, which will allow them to retain a share of their winnings.

The challenges center on maintaining consistent trading efficiency, which includes adhering to predetermined trading standards and practicing methodical risk management. As part of the company’s effort to promote lucrative and disciplined trading, traders are expected to exhibit proficient risk management abilities in addition to producing a profit that is continuously positive.

The mission of SkilledFunded Traders is to identify and support traders who can make significant profits in the financial markets over the long term. By providing them with this support, the traders can trade big amounts of money.

TWO-STEP RULE

• Profit Target Step 1:
• 8%
• Profit Target Step 2:
• 4%
• Max Daily Loss:
• 5%
• Max Daily Drawdown:
• Max Loss:
• 10%
• Max Drawdown:
• Min Trading Days Step 1:
• Min Trading Days Step 2:
• Max Trading Days Step 1:
• Max Trading Days Step 2:
• Profit Split:
• Up to 90%

What are Forex Prop Challenges?

Forex prop challenges are a type of assessment procedure used by prop firms, or proprietary trading enterprises, to find exceptional traders and provide them the opportunity to trade with the firm’s cash. These challenges are designed to assess a trader’s capacity to turn a profit while properly managing risk. They comprise a set of trading standards and goals to adhere to over a predetermined amount of time.

A forex prop challenge usually comprises two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and given the task of meeting a profit target while adhering to other trading standards and maximum drawdown limitations within a predetermined period, generally a month or two. The trader’s capacity to turn a profit within preset risk parameters is evaluated at this step.

2. The Verification Phase: Traders proceed to the verification phase upon fulfilling the requirements of the challenge phase and following the guidelines. While it typically lasts longer and may have slightly different profit targets or standards, this phase is similar to the challenge phase. The objective of this step is to confirm the trader’s dependability and longevity.

After traders complete both stages, they are often given access to a funded account. This implies that the trader is given responsibility for managing a portion of the prop business’s funds. The profits from trading this cash were divided by the prop firm and the trader according to a predetermined formula.

The costs of dealing with currency prop concerns vary depending on the prop firm. By paying this fee, traders guarantee their commitment to the offer and cover the cost of the review process.

The particular specifications, goals, and structure of prop challenges might differ significantly throughout businesses. Traders should meet the following standard requirements:

• Profit objectives are the percentage of the account balance that traders need to hit before moving on.
• Drawdown limits: The maximum amount of money that can be taken out of the account’s maximum balance on a daily and cumulative basis.
• The total number of days that must be traded actively throughout the challenge is known as the minimum trading days.
• Trade style restrictions: Some businesses may have policies against certain trading strategies, like banning high-frequency scalping or overnight holds.

Except for the first challenge fee, forex prop challenges allow traders to acquire significant trading capital without having to take a financial risk. However, participants should carefully consider the terms of these challenges because the prop firms’ high standards are intended to evaluate traders’ discipline, risk tolerance, and trading ability.

Skilled Funded Traders Broker: Do They Use a Reliable Platform?

A common draw for traders looking to improve their trading is the idea of getting funding from websites such as Skilled Funded Traders. Getting funded status requires a deep understanding of the platform’s features, prerequisites, and trading prowess. Let’s look at the key factors traders should think about if they want to use skilled-funded traders to become funded traders.

The brokerage firms Eightcap and ThinkMarkets, which are based offshore and do not hold a valid trading license, are linked to Skilled Funded Traders.

Notable Australian Forex broker Eightcap also maintains an office in the Bahamas, and UK-based ThinkMarkets operates in the Seychelles. These offshore countries are not seen to provide a safe environment for business and each has lax laws.

Skilled Funded Traders Fees: How Much Do They Charge?

Skilled Funded Traders provides traders with a distinctive trading platform, an opportunity to demonstrate their talents, and the potential to enhance their profit share through its comprehensive and user-friendly funded trading program.

Traders initially receive 80% of the entire profits in their funded account. They may efficiently follow the growth plan to increase their profit split to 90%. To assist traders maximize their profits, profit-sharing is a well-organized and laid-out concept.

In addition to a participation fee, traders who receive financing from Skilled Financing Traders will get their original profit share back. Traders don’t need to worry about their funds because this is a one-time, refundable upfront cost that allows them to participate in the program.

Skilled Funded Traders provides a respectable trading community with stringent risk control procedures, clear regulations, and substantial reward potential. If traders would like to have their trading abilities verified, they could check out the services provided by Skilled Funded Traders.

For instance, traders who want to be a part of a proprietary trading business’s program must pay Forex prop trading fees, particularly if the company permits them to trade its funds. These fees are a crucial component of the business plan for many forex prop firms, particularly those that run assessment or challenge programs to weed out possible traders.

The following is a breakdown of the many fees that traders may encounter:

1. Costs of challenges

To take part in a trading challenge or assessment program, traders need to pay this amount in advance. The challenge is essentially an evaluation of a trader’s ability to make money while adhering to specific risk management protocols. If they are successful, the trader usually offers the opportunity to trade with the company’s funds. Challenge fees can vary significantly depending on the firm, the size of the sample account supplied for the challenge, and the difficulty of the task itself.

2. Setup or administration fees for accounts

Certain prop firms charge a one-time setup fee to open and keep a trader’s account. This fee might cover the administrative costs of setting up the trading platform, monitoring the trader’s account, and providing additional backend services that are necessary before the trader can begin trading.

3. Desk fees per month

Desk fees are comparable to what you would spend on using the real or virtual premises and the prop firm’s resources (such as trading tools, data feeds, and software). A monthly payment for access to premium trading platforms or tools may be imposed by some online FX prop organizations; this practice is more common in traditional prop firms with physical trading desks.

4. Divided Profits

Although not a fee per se, the profit split arrangement is a crucial financial component of prop trading. If a trader passes a challenge, they can utilize the firm’s capital for trading, and any profits they make are split into a predetermined ratio between the trader and the firm. Profit-sharing splits, such as 70/30 or 80/20, are quite popular. Since the profit split’s specifics directly affect the trader’s potential earnings, it is important to comprehend them.

5. Data or Software Fees

Traders may occasionally incur additional fees to use specialized trading software, real-time data feeds, or analytical tools that aren’t included in the prop firm’s main package.

6. Training or Education Fees

Some prop companies also provide training classes, trading workshops, and mentoring programs. The trading program may include these as required or elective components, and the price may vary significantly based on the volume and scope of the content.

Key Considerations

1. Value for Money: Considering the access to trading funds, technology, and support that are provided, traders should assess whether a prop firm’s fees are fair for the services they receive.
2. Transparency: Reputable prop businesses are upfront and honest about their charge schedule, with no hidden costs. Traders should thoroughly review all terms and conditions before committing.
3. Risk: Although paying a fee for the ability to trade with much more capital may seem like a good idea, traders should consider the chance that they won’t be successful in the challenge and that they will lose the money they invested.

Prop trading is a unique opportunity for traders on the forex market to leverage larger sums of capital than they normally could. Understanding the price structure is essential to choosing the right prop firm to deal with.

Best Skilled Funded Traders Alternatives:

E8 Markets (Best Overall)

E8 Markets is a standout proprietary trading firm praised for its comprehensive and flexible trading programs. Here are some highlights:

1. User-Friendly Technology: The E8X Dashboard is highly intuitive, offering in-depth analytics for evaluating trading strategies. It displays real-time and historical data clearly, helping traders make informed decisions.

2. Flexible Evaluation Process: E8 Markets provides a range of account types, including the E8 Account, E8 Track, and ELEV8 Account. These accounts cater to different trading styles and experience levels, with realistic profit targets and no minimum or maximum trading day requirements. This flexibility allows traders to progress at their own pace.

3. Generous Profit Sharing: Successful traders can enjoy up to an 80% profit split, with opportunities to scale account balances significantly. The firm’s scaling plan further enhances traders’ potential to grow their capital.

Sign up with E8 Markets today!

The Trading Pit (Best Resources)

The Trading Pit stands out in the prop trading industry for its comprehensive offerings and robust support for traders. Here’s why traders praise this firm:

1. Diverse Account Options: The Trading Pit offers multiple account types tailored to different trading styles and risk appetites. Whether you’re into forex, futures, or a combination of both, there’s an account that fits your needs. Their VIP accounts, in particular, provide substantial initial balances and the potential to earn significant profits.

2. Profit Sharing: Traders can start with a 50% profit split, which can increase up to 80% for forex and 70% for futures. This incentivizes traders to perform well and maximize their earnings as they progress through their trading journey.

3. Top-Notch Trading Platforms: The Trading Pit supports industry-leading platforms like MetaTrader 4 and 5, ensuring traders have access to reliable, feature-rich environments for executing their strategies. These platforms support various trading styles, from scalping to automated trading.

4. Comprehensive Challenges and Scaling Plans: Their well-structured trading challenges help traders improve their skills while working towards real funding. The scaling plans are particularly impressive, allowing traders to scale up their accounts significantly as they meet performance targets.

5. Strong Partner Network: The Trading Pit collaborates with top brokerage firms and partners globally. This network ensures traders benefit from excellent trading conditions, including tight spreads, low commissions, and deep liquidity pools.

6. Educational and Certification Opportunities: For those looking to grow their trading careers, The Trading Pit offers opportunities to partner with the firm, provide financial advice, and even produce trading signals. They also support traders in obtaining official certifications, enhancing their professional credentials.

Certainly, they are the best available prop firm in the market right now.

Get Funded Today with The Trading Pit

My Flash Funding (Best for New Traders)

My Flash Funding is an innovative proprietary trading firm that offers a supportive and flexible trading environment, making it a great choice for traders. Here are some key highlights:

1. Flexible Trading Rules: My Flash Funding allows traders to hold trades overnight and over weekends, engage in news trading, and use various trading strategies without restrictions on lot sizes or trading styles. This flexibility is designed to empower traders to follow their unique strategies without unnecessary constraints.

2. Evaluation Programs: The firm offers both a one-step and a two-step evaluation challenge. The two-step evaluation has realistic profit targets of 6% for each phase, with a 4% maximum daily drawdown and 8% maximum loss. The one-step evaluation requires a 10% profit target with a 4% maximum daily drawdown and a 6% maximum trailing drawdown. Both programs have no minimum trading day requirements and allow unlimited time to complete the evaluations.

3. Generous Profit Sharing: Traders can earn an attractive 80% profit split, with opportunities to scale their accounts significantly. Payouts are bi-weekly, ensuring regular access to profits for successful traders.

Get Funded Today with My Flash Funding

Skilled Funded Traders Proof of Payment:

Skilled Funded Traders employ just Bitcoin transactions for deposits and withdrawals. Users can fund their accounts with Bitcoin, Ethereum, USD Tether, and USD Coin. There must be a minimum withdrawal of USD 25. Compared to regular currencies, payments made with cryptocurrencies are more difficult, and refunds cannot be acquired by merely charging back or recalling the money.

To take part in the Skilled Funded Traders assessment program, traders need to pay a fee. The charge schedule is influenced by the size of the evaluation account they choose. For a 10,000 USD account, the monthly fees range from 67 USD to 867 USD for a 200,000 USD account.

Skilled Funded Traders Customer Support:

If traders have any questions, they can contact Skilled Funded Traders by email at support@skilledfundedtraders.com. We are also visible on other social networking sites, where we are engaged with our community. Their Instagram page has 15.8k followers, and their YouTube account has 2.85k subscribers and 50 videos.

We have 28.5k followers on Twitter and 266 fans on Facebook for our profile. We have 93 followers on our TikTok page, so they might find us there. Additionally, they manage a Discord group with 17,260 members, where people are welcome to participate in debates and share their opinions.

What Makes Skilled Funded Traders Unique?

Skilled Funded Traders provides exceptional service to traders who:

The gradual scaling approach of the platform will be appealing to traders looking to advance their careers and increase their trading capital.

The trading platform’s challenge-based approach will immediately resonate with people who respect and cherish skill recognition as well as those who value a system that assesses and recognizes trading ability and discipline.

The payment structure of the platform may be useful for traders who value having a variety of withdrawal choices, including the ability to withdraw in Bitcoin.

Skilled Funded Traders Reviews: What Do Their Customers Say?

On Trustpilot, Skilled Funded Traders has a 4.5 out of 5 rating. There are 1,108 genuine customer reviews for it.

#1. Daniel was really helpful and gave a prompt response. He gave me information and responses to my follow-up questions regarding the changes to the user account transfer after my initial question was answered. Very helpful and educational.

#2. They are straightforward and sincere, making them one of the best prop companies around. Regarding their business, they have great customer service, swift response times, and a friendly Discord community. If you attempt Skilled Funded Traders before attempting any other prop firms available, you will be doing yourself a favor.

#3. You still have great expectations for the company, despite being a little miffed that it’s been two days and there are still no login credentials. Usually, it occurs right away.

#4. At last, today I got a request for assistance from someone. I had to let Binance go, since they had great customer service, to assist me in getting my money back. When will I receive my money back from them, I wonder. Nevertheless, I doubt it. I’ll Give You An Update.

#5. Honestly, this company is such a hoax; on April Fool’s Day, they emailed me. claiming that I would get a return for my $25,000 account — not even a significant amount, like 120 dollars but nothing substantial has happened since. If they reimburse me for my money, I will update the review.

Conclusion

I recommend you start trading with E8 Markets. They have already paid out $39,000,000+ to traders and have received thousands of positive reviews online.

>>Get Funded Today with E8 Markets<<

Skilled Funded Traders is an excellent option for traders who aspire to succeed in the trading sector. The platform provides thoughtful finance plans, strong risk management capabilities, and a dedication to training. Offering traders the confidence they need to handle the ever-changing trading environment is the aim of Skilled Funded Traders.

Regardless of expertise level, our platform can completely change traders’ experiences. It’s a useful tool for anyone who wants to learn more about trading. The platform emphasizes talent assessment, plenty of growth opportunities, and a friendly community to provide a holistic environment for trading expertise.