LP Trading Reviews The Funded Trader on Profit Splits, Pricing, and More
What is LP Trading?
LP Trading is a YouTube channel that was founded by Usman Khan that primarily focuses on different aspects of the FOREX industry.
From interviews with successful traders to FOREX trade setups to prop firm reviews, LP Trading has built a community of FOREX traders who are looking to share knowledge and have an honest discussion about the FOREX industry.
LP Trading Reviews The Funded Trader
Recently, LP Trading made an in-depth video about his experience with The Funded Trader Program and we would like to dive into some of the points that he made and his experience using The Funded Trader Program.
Legitimate FOREX Prop Firm
First, LP Trading notes that The Funded Trader program is a legitimate program where you don’t have to worry about receiving payments.
There are so many new prop firms propping up that might raise red flags, but Usman notes that The Funded Trader has an excellent reputation and is most certainly a credible forex prop firm.
After cementing our place among the top prop firms, The Funded Trader has made a name for itself by providing excellent customer service, a user-friendly experience, quick payouts, a community of like-minded traders, and much more.
Funded Trader Dashboard Review
Usman reviews several different aspects of The Funded Trader including the different price ranges. He notes that there is an impressive range of challenges from $50,000 to $400,000, but for his style of trading, LP trading prefers $100,000 and only recently has tried the $200,000.
The “Projected Annual Profit” is a unique feature that The Funded Trader showcases based upon your account size, win rate, etc. There are no criticisms concerning the dashboard because Usman notes that it is a great dashboard that effectively conveys your profit factor, the number of trades placed, average winning trade, average losing trade, and other important features for funded traders.
MyForexFunds vs The Funded Trader Program
Next, LP Trading dives into a comparative analysis between The Funded Trader and MyForexFunds. Some of the key features that LP Trading enjoys about The Funded Trader are the profit splits.
The Funded Trader goes up to an impressive 80% profit split and up to 90% with scaling compared to MyForexFunds which only goes up to a 75% profit split. One of the coolest aspects that LP Trading was impressed with is the 6% daily drawdown.
There are a few differences between The Funded Trader and MyForexFunds and that includes pricing. The Funded Trader offers a premium service at a premium price, so some of the challenges are about $50 more expensive than MyForexFunds, but the Funded Trader offers promos and opportunities to win funded accounts.
Phase 1 Profit Targets
The biggest issue that LP Trading has with The Funded Trader is with the targets. He notes that The Funded Trader has standard targets, but for his style of trading he prefers the 8% profit target for phase 1 compared to the 10% profit target which is what the Funding Trader offers in phase 1.
He does note that The Funded Trader has a 12% drawdown which he finds appealing and overall, The Funded Trader has a lot to offer.
Prop Firm Pricing
As far as prices go, The Funded Trader has a lot to offer because of the variety of challenges. Not only that, The Funded Trader offers a variety of promotions and has a month-long competition where you can win a discount or a free funded trader account.
In the description of LP Trading’s YouTube video, there is a link to a discount for the $100,000 challenge.
The Newest FOREX Challenge: The Royal Challenge
The Funded Trader has recently expanded all of our challenges to better suit traders with different trading styles. Some traders prefer working with smaller funded accounts and some enjoy the challenge of managing a $400,000 trading account.
For LP Trading, his style is geared towards the $50,000 or $100,000 challenge and he just recently tried a $200,000 challenge. There is a wide range of challenges and account types. Traders can pick from standard or swing accounts, and then choose the amount that they want to trade.
For more information on the Royal Challenge: CLICK HERE
Reputation is Everything in choosing a FOREX Prop Firm
There are only a few names you should trust when it comes to where to put your trading money. It would be dishonest for The Funded Trader to say, “We are the best and the others aren’t trustworthy!” but we are one of the top prop firms for a reason.
Reputation is key in this industry because you want to put your trust in a company that does what it says.
In LP Trading’s YouTube Video, he makes sure to give props to both Angelo and Blake. Their reputation is well-known throughout the FOREX community for building a strong brand that is leading the way in funding traders and changing lives every single day!
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