Funded Trader Markets launched in August 2024 and offers one-step, two-step, and instant funding accounts from $5,000 to $300,000 across MT5, cTrader, TradeLocker, and MatchTrader. All accounts are swap-free. Payouts are on-demand with a 24-hour processing guarantee and an average turnaround under two hours. The firm has paid out over $2.16 million to traders since launch, with a scaling path up to $1.5 million.
Rating Breakdown
Pros
- On-demand payouts averaging under two hours
- 24-hour payout guarantee with double reward if missed
- Swap-free accounts on all programmes
- News trading fully allowed with no blackout windows
- EAs and automated trading supported
- Overnight and weekend holding permitted
- Copy trading allowed
- 1:100 leverage available
- Scaling path up to $1.5 million allocation
- Competitive entry pricing, especially with discount codes
Cons
- 3.9/5 Trustpilot score with 88 one-star reviews
- Key rules buried in FAQs and tooltips, not live dashboard
- Floating loss rule (1%) on some plans caught traders off-guard
- Trailing drawdown locks when profit target is hit, causing confusion
- Sequential trading rule bans same-pair opens within 5 minutes across accounts
- Minimum 1-minute trade duration; profits voided on faster closes
- No MT4, no DXtrade, no TradingView
- Total payouts ($2.16M) modest for a firm targeting large allocations
Account Plans and Pricing
1-Step Nitro Challenge Rules
| Evaluation type | One-step (single phase) |
| Profit target | 10% |
| Time limit | None |
| Min. trading days | Not publicly specified |
| Max drawdown | 6% trailing (locks at profit target) |
| Daily loss limit | 4% |
| Consistency rule (evaluation) | 50% — no single day exceeds 50% of total profit |
| Consistency rule (funded) | 45% — no single day exceeds 45% of total profit |
| Floating loss rule | 1% maximum floating drawdown on some plan variants — verify at checkout |
| Min. trade duration | 1 minute — profits on faster closes are voided |
| Fee refund | Not publicly confirmed across all plans |
2-Step Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 8% |
| Phase 2 profit target | 5% |
| Time limit | None |
| Min. trading days | Not publicly specified |
| Max drawdown (Plus) | 10% trailing lock |
| Max drawdown (Prime) | 6% trailing lock |
| Daily loss limit (Plus) | 4% |
| Daily loss limit (Prime) | 3% |
| Consistency rule (evaluation) | 50% — no single day exceeds 50% of total profit |
| Consistency rule (funded) | 45% — no single day exceeds 45% of total profit |
| Sequential trading rule | 5-minute gap required when opening the same pair across multiple accounts |
Instant Funding Rules
| Evaluation phase | None — funded immediately upon purchase |
| Max drawdown (Standard) | 5% |
| Max drawdown (Pro) | 3% |
| Max drawdown (Plus) | 6% |
| Daily loss limit (Standard) | 3% |
| Daily loss limit (Pro) | None |
| Daily loss limit (Plus) | 3% |
| Floating loss rule (Plus) | 1% maximum floating drawdown at any time |
| Consistency rule | 20% — no single day exceeds 20% of total profit |
| Profit split | 80% |
Payouts
| First payout | On-demand (no minimum day requirement stated) |
| Default payout cycle | On-demand |
| Average processing time | Under two hours |
| Guarantee | 24 hours; double payout if missed on requests under $1,000 |
| Profit split (evaluation programmes) | Up to 100% |
| Profit split (instant funding) | 80% |
| Payout methods | USDT (ERC20 / TRC20), USDC via Rise (Arbitrum), bank transfer via Rise |
| KYC required | Yes, before first payout |
| Total paid (all time) | $2.16M+ across 1,005+ payouts |
| Largest single payout | $40,513 |
Trading Conditions
| Platforms | MetaTrader 5 (MT5), cTrader, TradeLocker, MatchTrader |
| Instruments | Forex, indices, commodities (including gold), crypto |
| Leverage | Up to 1:100 |
| Swap fees | Swap-free on all accounts |
| News trading | Fully allowed, no blackout windows |
| Overnight / weekend holding | Allowed |
| Expert Advisors | Allowed with proper risk controls |
| Copy trading | Allowed |
| Sequential trading rule | 5-minute gap required when opening the same pair across multiple accounts |
| Min. trade duration | 1 minute — profits voided on faster closes |
| Scaling plan | Pioneer / Legend / VIP tiers; 8% profit over two months, 3 payouts, 5 trades/month minimum; balance increases of 30–40%; monthly salary $1,000–$5,000; max allocation $1.5M |
| Restricted countries | Cuba, Syria, Iran, Iraq, Yemen, North Korea, Russia, UAE, Cyprus |
Our Verdict
Funded Trader Markets is a young firm with some genuinely competitive features. The on-demand payout speed stands out. An average turnaround under two hours, backed by a 24-hour guarantee with a double-payout penalty if missed, is one of the stronger payout commitments in the CFD prop firm space. The swap-free setup across all accounts is also a practical benefit for traders who hold positions overnight.
The firm’s biggest problem is transparency, not the rules themselves. The 1% floating loss rule on some evaluation accounts is technically disclosed, but traders consistently report finding it buried in a checkout tooltip or an FAQ rather than visible on the live dashboard. The trailing drawdown mechanic that locks once a profit target is hit is also counterintuitive enough that a meaningful share of funded accounts have been breached by traders who thought they were within limits. This is not unique to FTM, but the volume of one-star Trustpilot reviews citing it suggests the firm has not done enough to surface these rules where traders can see them in real time.
The consistency rule needs attention before you trade. At the funded stage, no single day can exceed 45% of your total cumulative profits. On instant funding accounts, that drops to 20%. If you rely on high-variance sessions or occasional large winning days to cover smaller losses across the week, this rule will regularly delay or block withdrawals. Check your historical trading data against the consistency rule before committing to a plan.
The platform selection is decent for a firm launched in 2024. MT5, cTrader, TradeLocker, and MatchTrader covers most traders outside the MT4 base. The absence of MT4, DXtrade, and TradingView is a limitation, though less critical than it was two years ago as the industry shifts away from MT4. The 1:100 leverage and swap-free accounts make the conditions competitive for traders who trade during high-spread periods.
The total payout figure of $2.16 million is honest context. It is a small number compared to firms that have been running for two or three years, but FTM only launched in August 2024. The trajectory of 173 payouts in a single recent month suggests the firm is active. The 3.9/5 Trustpilot score from 463 reviews is mediocre for a prop firm at this stage. The bimodal distribution (88 one-star, 320 five-star) is typical of the sector, but the percentage of one-star reviews is higher than best-in-class competitors.
Funded Trader Markets suits detail-oriented traders who read all rules before funding, trade forex or indices, hold positions overnight, and want fast payouts with no news trading restrictions. It is not a good fit for traders who want rules presented on a live dashboard, anyone relying on high-volatility gold trading (slippage complaints are documented), or anyone from one of the nine restricted countries. Check the current terms directly on the site before purchasing any programme.
Frequently Asked Questions
Is Funded Trader Markets a legitimate prop firm?
Funded Trader Markets launched in August 2024 and is registered as Funded Trader Markets LTD in Saint Lucia, with operations run by Formed Technologies INT FZCO in Dubai Silicon Oasis. It has processed over 1,005 payouts totalling $2.16 million and holds a 3.9/5 Trustpilot score from 463 reviews. It is not regulated by a financial authority, which is standard for prop firms. The firm is legitimate in that it pays, but a notable share of reviews cite rule enforcement surprises, so read the full terms before funding.
What challenge types does Funded Trader Markets offer?
Funded Trader Markets offers three main categories. The 1-Step Nitro is a single-phase challenge with a 10% profit target, 6% max drawdown (trailing), and 4% daily loss limit. The 2-Step programmes (Plus and Prime) require 8% in Phase 1 and 5% in Phase 2, with drawdowns of 10% or 6% depending on the variant. Instant Funding accounts skip the evaluation phase entirely and carry a tighter 80% profit split and drawdown rules from 3% to 6%. Accounts go from $5,000 to $300,000.
What is the consistency rule at Funded Trader Markets?
At the evaluation stage, no single trading day can exceed 50% of your total cumulative profit. At the funded stage, this tightens to 45%. On instant funding accounts it is just 20%. Breaching the consistency rule does not close your account — withdrawals are paused until the ratio normalises. If you trade high-variance strategies or have occasional large winning sessions, check your numbers before requesting a payout. Use our consistency calculator to model your results against the rule.
What platforms does Funded Trader Markets support?
Funded Trader Markets supports MetaTrader 5 (MT5), cTrader, TradeLocker, and MatchTrader. MT4, DXtrade, and TradingView are not available. All accounts are swap-free by default. Leverage goes up to 1:100. Instruments include forex pairs, indices, commodities (including gold), and crypto assets.
What are the hidden rules traders should know about at Funded Trader Markets?
Several rules have caught traders off-guard. The 1% maximum floating loss rule on some evaluation plan variants is documented in FAQs and checkout tooltips but not shown on the live dashboard. The trailing drawdown locks in place once the profit target is hit, which is different from standard trailing drawdown behaviour. There is a 1-minute minimum trade duration rule — any position closed faster has its profit voided. There is also a sequential trading rule requiring a 5-minute gap when opening the same currency pair across multiple accounts simultaneously. Read the full terms and FAQ on the Funded Trader Markets website before you start trading.
Ready to try Funded Trader Markets?
On-demand payouts. Swap-free accounts. News trading and EAs allowed. Scale up to $1.5 million.
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