Angelo Ciaramello | CEO + Founder - The Funded Trader | Forbes Finance Council (2024)

FAQs

How do you pass the funded trader program? ›

In conclusion, passing a funded account challenge requires developing a solid trading plan, demonstrating consistency, managing your risk effectively, and being willing to learn and improve.

After trading and analyzing other funding platforms, Angelo Ciaramello established The Funded Trader.

Angelo Ciaramello is the Co-Founder and CEO of The Funded Trader. He previously worked at Bayer as an Analyst Financial Systems Innovation. Angelo Ciaramello attended Rutgers University.

One way to start prop trading without paying a dime is to enter trading contests, where you can compete with other traders and show your skills. These are great opportunities to test your trading strategies, get feedback, and win prizes. Monitor or research different prop firms to see who offers this opportunity.

No funded trader accounts are not real accounts. They are demo accounts where you are not trading on legit markets. You are trading on fake prices that closely mirror the underlying market. Some even let you trade when the real stock markets are closed, on synthetic indices, which are completely made up.

Choose The Funded Trader Program for the Highest Payouts

Based on our experience, we find that you can expect to take home at least 5% of your profits per month from trading. This means, if you start with $100,000, you can expect to make around $5,000 per month!

Funded trading programs typically operate on a profit-sharing basis. Funded traders get to keep a percentage of the profits they make with the funded accounts. The amount varies with each prop firm.

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading. His net worth, estimated at around $8 billion, reflects not only his financial success but also his enduring influence on global markets.

Come celebrate with The Funded Trader and get your share of over $70 million in payouts this year. Join more than 30,000 members who now enjoy another source of income as traders.

Otakar Šuffner is the co-founder and CEO of the FTMO prop-trading platform.

How long has the funded trader been around? ›

It was founded in 2021 and is based in Liberty Hill, Texas.

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

As a result, anyone can be profitable as a prop trader because profitability is linked to their experience and skills, strategy, and ability to generate gains by trading in the market with the firm's capital.

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this “challenge.” If you lose money during this evaluation, you won't owe anything beyond the initial fee.

It would be naive to assume that you can pass these challenges overnight. The reality is, for most profitable traders, this will still take between 4-5 months of trading. Once you've passed the trading challenge, you'll be funded!

To become a funded trader, you'll have to pass two or three rounds of challenges set by the prop firms. They aren't easy! The prop firms bet a large amount of capital on their funded traders. As such, they set challenges to ensure that the traders who apply are serious about trading and have sufficient knowledge.

For the Rapid Challenge, requests can be made 14 days after the first trade. You must not have any open positions or orders when you request a payout, and the minimum withdrawal request should be at least $1. Subsequent payouts can be requested much faster—14 days after the first trade for all challenges.