Trading Funds is a prop firm that operates its challenge accounts through FTUK (Funded Trader UK), a platform running since February 2021. It offers four challenge types: Flex Challenge (4% target, pay after you pass), Two-Step Evaluation (6%/6%), One-Step Challenge (10%), and Instant Funding (no evaluation). Accounts run from $5,000 to $100,000 with a scaling path to $6,400,000 across MT5, Match-Trader, TradeLocker, and FTUK XT. Use code FT20 for 20% off at checkout.
Rating Breakdown
Pros
- Pay After You Pass model: start trading from around $10 upfront
- Flex Challenge has a 4% profit target, one of the lowest in the market
- No consistency rule on any programme
- News trading allowed across all challenge types
- Weekend and overnight position holding permitted
- Four platforms: MT5, Match-Trader, TradeLocker, and FTUK XT
- Instant payouts on Flex Challenge and Instant Funding accounts
- Scaling path up to $6,400,000 in funded capital
- No time limit to complete the evaluation phase
- FTUK has funded over 30,000 traders and distributed $12M+ in payouts
Cons
- EAs and signal services are restricted per the terms of service
- Cross-account copy trading is not permitted
- Full fee pricing per account size is not clearly listed publicly
- Bi-weekly payout cycle on Two-Step and One-Step evaluation plans
- MT5 not available for US-based traders
- Trading Funds and FTUK relationship is not clearly explained on the main site
- High-frequency trading and tick scalping (under 30 seconds) banned on futures
- Only up to 3 active programme accounts simultaneously
Account Plans and Pricing
Full fee: $235–$509 for a $50,000 account (varies by size). For all account sizes and prices, visit tradingfunds.com.
Flex Challenge Rules
| Evaluation type | One-step (pay after you pass) |
| Profit target | 4% (evaluation phase); none on funded account |
| Time limit | None |
| Min. trading days | 1 day |
| Daily drawdown | 5% (EOD) |
| Trailing drawdown | 6% from highest balance |
| Profit split | Up to 80% (90% on select accounts) |
| Payout cycle | Instant — withdraw anytime |
| News trading | Allowed |
| Weekend holding | Allowed |
| Consistency rule | None |
| Fee model | ~$10 upfront; full fee charged only after passing |
Two-Step Evaluation Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 6% |
| Phase 2 profit target | 6% |
| Time limit | None per phase |
| Min. trading days | 3 days per phase |
| Daily drawdown | 5% (EOD) |
| Max drawdown | 8% static |
| Profit split | 80% (funded account) |
| Payout cycle | Bi-weekly |
| News trading | Allowed |
| Weekend holding | Allowed |
| Consistency rule | None |
| Fee model | Full fee charged only after passing evaluation |
One-Step Challenge Rules
| Evaluation type | One-step |
| Profit target | 10% |
| Time limit | None |
| Min. trading days | 4 days |
| Daily drawdown | 4% (EOD) |
| Trailing drawdown | 8% from highest balance |
| Profit split | 80% (funded account) |
| Payout cycle | Bi-weekly |
| News trading | Allowed |
| Weekend holding | Allowed |
| Consistency rule | None |
| Fee model | Full fee charged only after passing evaluation |
Payouts
| First payout (Flex / Instant Funding) | On demand — withdraw at any time after funding |
| First payout (Two-Step / One-Step) | Bi-weekly cycle after funded account is activated |
| Average payout time | Approximately 60 minutes (per FTUK) |
| Profit split | Up to 80% standard; 90% available on select account types |
| Payout methods | Bank wire, Riseworks, cryptocurrency |
| KYC required | Yes, before first payout |
| Total paid (FTUK platform) | $12,000,000+ to traders |
Trading Conditions
| Platforms | MetaTrader 5, Match-Trader, TradeLocker, FTUK XT (DXTrade-based) |
| MT5 for US traders | Not available (US regulatory restriction) |
| Instruments | Forex, CFD, Futures (e-mini and e-micro contracts) |
| Max leverage (forex) | Up to 1:30; higher at advanced scaling levels |
| News trading | Allowed on all challenge types |
| Overnight holding | Allowed; no forced close at end of day |
| Weekend holding | Allowed |
| Expert Advisors | Restricted — traders must use own strategy; no bots, signals, or automated services |
| High-frequency trading | Banned on futures accounts |
| Tick scalping (<30 sec holds) | Banned on futures accounts |
| Cross-account copy trading | Not permitted |
| Scaling path | Up to $6,400,000; accounts double at each level by hitting 10% profit target |
| Max active accounts | 3 simultaneous programmes |
| Min. trader age | 18 years |
Our Verdict
Trading Funds runs its challenge accounts through FTUK (Funded Trader UK), a platform operational since February 2021. That relationship is not prominently explained on the Trading Funds site, but it matters: FTUK has funded over 30,000 traders and distributed more than $12,000,000 in payouts, which gives the operation a meaningful track record behind the Trading Funds branding.
The standout feature is the Pay After You Pass fee model. Traders pay around $10 to start and only pay the full evaluation fee after passing the challenge. For a $50,000 account, the full fee is $235 (reduced from $509). This removes the upfront financial risk that puts many traders off other firms, and it means you are not paying for failure.
The Flex Challenge is the most attractive option for most traders. A 4% profit target is one of the lowest available across any prop firm right now, the minimum trading period is just one day, and payouts are instant. There is no consistency rule, which means traders with uneven day-to-day performance are not penalised as long as they stay within drawdown limits. Compare this to FXIFY’s 30% consistency rule or FTMO’s approach, and the Flex Challenge is considerably easier to pass for discretionary traders.
The main restriction to be aware of is the EA and signal service ban. The terms explicitly state that traders must use their own strategy and cannot rely on bots, external signals, or copy trading across accounts. If you run automated strategies, Trading Funds is not the right choice. For futures accounts specifically, high-frequency trading and any trade held under 30 seconds (tick scalping) are also banned.
Platform selection covers most traders: MT5, Match-Trader, TradeLocker, and FTUK XT (a DXTrade-based platform). US traders cannot use MT5 due to regulatory restrictions and will need to use one of the other three. The scaling path up to $6,400,000 through doubling at each level is one of the more generous in the market, provided the 10% profit requirement is met at each stage.
Overall, Trading Funds scores well on cost, Flex Challenge rules, and payout speed. It scores lower on EA restrictions, the two-brand structure (Trading Funds vs FTUK), and the limited publicly available fee schedule. For discretionary traders who do not rely on automation, the Flex Challenge Pay After You Pass model is one of the better entry points available in 2026.
Trading Funds Coupon Code and Discount
The current Trading Funds coupon code is FT20, which gives 20% off any evaluation account at checkout on the FTUK platform. Enter the code at the payment step when purchasing a Flex Challenge, Two-Step, One-Step, or Instant Funding account.
At 20% off, a $50,000 Flex Challenge drops from $235 to approximately $188. The Pay After You Pass model means you still only pay this after clearing the evaluation, not upfront.
| Code | FT20 |
| Discount | 20% off |
| Applies to | All challenge types (Flex, Two-Step, One-Step, Instant Funding) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Trading Funds a legitimate prop firm?
Trading Funds operates through FTUK (Funded Trader UK), which has been running since February 2021 and has funded over 30,000 traders with more than $12,000,000 in total payouts. Trading Funds holds a 4.5 out of 5 rating on Trustpilot. It is not regulated by a financial authority, which is standard for prop firms in this space.
What challenge types does Trading Funds offer?
Trading Funds offers four challenge types through FTUK: Flex Challenge (4% profit target, pay after you pass, instant payouts), Two-Step Evaluation (6% Phase 1 and 6% Phase 2, bi-weekly payouts), One-Step Challenge (10% profit target, bi-weekly payouts), and Instant Funding (no evaluation, trade from day one, instant payouts). Account sizes start at $5,000 and go up to $100,000.
What are the Trading Funds drawdown rules?
Drawdown rules differ by challenge type. The Flex Challenge and Instant Funding apply a 5% daily drawdown limit and a 6% trailing drawdown from your highest balance. The Two-Step Evaluation uses a 5% daily limit and an 8% static overall drawdown. The One-Step Challenge applies a 4% daily limit and an 8% trailing drawdown. None of the programmes have a consistency rule.
What platforms does Trading Funds support?
Trading Funds supports four platforms through FTUK: MetaTrader 5, Match-Trader, TradeLocker, and FTUK XT (a DXTrade-based platform). MetaTrader 5 is not available for US-based traders. All four platforms are available for traders outside the US.
Is there a Trading Funds coupon code?
The Trading Funds coupon code is FT20, which gives 20% off any evaluation account at the FTUK checkout. Enter the code during the payment step when buying a Flex Challenge, Two-Step, One-Step, or Instant Funding account. Always check the checkout page to confirm current availability.
Ready to try Trading Funds?
Pay after you pass. 4% Flex target. Instant payouts. Scales to $6.4M. Use code FT20 for 20% off.
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