How to Use FundedFilter

By Account Size

If you have a specific trading capital requirement in mind, use the account size filter to find programs that offer your preferred amount.

Example: A trader looking to manage $100,000 can filter specifically for programs offering this account size and compare their terms.

Larger account sizes typically offer more buying power, but scale less linearly with regards to cost, contract sizing, and drawdown. Smaller accounts, especially the $50,000, often have the most buying power relative to their cost.

By Risk Tolerance

Your risk tolerance should match the firm's drawdown rules and daily loss limits.

For conservative traders: Look for programs with higher daily loss limits (as a percentage) and more lenient trailing drawdowns.

For aggressive traders: You might prefer a firm with a static (rather than trailing) drawdown, allowing for larger temporary drawdowns as long as you stay within the maximum limit.

By Cost-Effectiveness

Compare the evaluation costs and reset fees to find the most economical option for your budget.

Look for: Programs with reasonable evaluation fees, especially those that offer monthly subscription models rather than large one-time payments.

Consider firms that offer evaluation fee refunds upon successfully passing their challenges, effectively reducing your upfront costs.

By Trading Style

Different trading styles require different account features:

• Expert Day Traders: Prioritize accounts with higher Contracts, no restrictions on things like News Trading, and low (or no) Minimum Trading Days requirements.
• Swing traders: Look for accounts with reasonable Overnight Holding capabilities and less restrictive drawdown calculations. Note that in the funded futures space, there are currently only a few options available for Swing Trading.
• Scalpers: Focus on accounts with no High Frequency Trading restrictions and consider commissions, which vary slightly from firm to firm.
• Algorithmic traders: Find firms that explicitly allow automated trading and offer robust API connections, as well as the platforms you need to run your bots.

Essential Filters to Start With

Begin your search by setting these primary filters:

1. Account Size: Select the trading capital you're comfortable with
2. Profit Target: Set your desired profit goal as a percentage
3. Drawdown Type: Choose between static, trailing, or unrealized drawdown methods
4. Evaluation Price Range: Set a budget for your evaluation phase

Advanced Filtering Techniques

Once you've narrowed down your initial results, refine your search with:

• Consistency Rules: Some firms require maintaining a certain level of consistent profitability.
• Trading Day Requirements: Filter for programs with minimum trading days that match your availability.
• Reset Fee Options: If you anticipate possibly failing a challenge, consider the reset fee costs.
• Profit Split: Compare the percentage of profits shared once you're trading a funded account.