Up Trade Funded
1. Introduction to The Funded Room
In a rapidly expanding proprietary trading industry, many firms offer the exact same simulated accounts with identical rules. The Funded Room has deliberately chosen a different path. Founded by former institutional traders, the firm aims to bridge the massive gap between retail trading from a home office and professional trading at a Wall Street institution.
By offering a built-in ‘Virtual Trading Room’ as part of their evaluation package, they provide invaluable live support, market context, and camaraderie during the high-pressure evaluation phases. Instead of throwing traders into the deep end with a dashboard and a set of strict rules, The Funded Room provides the educational infrastructure and peer support necessary to actually survive the markets long-term.
Key Highlight: Access to their Virtual Trading Room is included with all evaluation purchases. It provides live market commentary, daily bias webinars, and a direct line to professional risk managers who can help you optimize your strategy.
2. Pros and Cons of The Funded Room
Pros
- Virtual Trading Floor: Access live trading environments, professional analysis, and peer support daily.
- High Capital Ceilings: Start with accounts up to $300,000, higher than the industry standard.
- Free Retries: Receive a free retry if you end the evaluation period in profit.
- Flexible Drawdowns: Fair, static or balance-based drawdown rules do not penalize floating profits.
- High Profit Splits: Funded traders can earn up to 90% of their generated profits.
- News Trading Permitted: Execute your strategy during high-volatility macroeconomic events without fear of penalties.
Cons
- Platform Limitations: Fewer obscure trading platforms supported compared to massive giants in the industry.
- Strict Risk Parameters: Heavily enforced lot size consistency rules designed to weed out gamblers.
- Mandatory Stop Losses: Certain evaluation tiers require a hard stop loss on every trade.
- Evaluation Cost: Inclusion of the Virtual Room makes the upfront cost slightly higher.
3. The Virtual Trading Floor Experience
Trading is inherently a solitary profession, which often leads to emotional exhaustion and tilt. The Virtual Trading Floor at The Funded Room is designed to combat this.
When you log into the portal during market hours, you are connected via voice and text channels to hundreds of other traders navigating the exact same price action. Senior analysts provide top-down technical analysis before the London and New York opens. If you are trapped in a bad trade or unsure about a setup, you can literally ask the room for a second opinion. This immersive environment drastically accelerates the learning curve for retail traders and simulates the collaborative environment of a real hedge fund.
4. Evaluation Programs and Phases
The Funded Room offers standard, transparent evaluations designed to identify consistent talent rather than lucky gamblers. They offer two primary tracks:
- The 1-Step Evaluation: Designed for aggressive traders who want to access live capital quickly. It requires hitting a single, slightly larger profit target (usually 10%) but features a trailing drawdown.
- The 2-Step Evaluation: The industry standard model. Pass Phase 1 (8% target) and Phase 2 (5% target) with generous static or balance-based drawdowns. This is recommended for swing traders and conservative day traders.
Both programs emphasize strict risk management. The firm is not looking for traders who risk 5% of their account on a single CPI news candle; they are looking for methodical execution.
5. Account Sizes and Pricing Options
The Funded Room accommodates traders of all sizes, but they are particularly known for offering high initial capital limits up to $300,000. Below is the pricing breakdown for their popular 2-Step Evaluation.
| Account Size | Phase 1 Target (8%) | Phase 2 Target (5%) | Max Drawdown (10%) | One-Time Fee |
|---|---|---|---|---|
| $25,000 | $2,000 | $1,250 | $2,500 | $185 |
| $50,000 | $4,000 | $2,500 | $5,000 | $299 |
| $100,000 | $8,000 | $5,000 | $10,000 | $525 |
| $200,000 | $16,000 | $10,000 | $20,000 | $975 |
| $300,000 | $24,000 | $15,000 | $30,000 | $1,350 |
(Note: Pricing includes access to the Virtual Trading Room. The evaluation fee is refunded upon your first successful funded payout).
6. Trading Rules and Drawdowns
The Funded Room’s rules are designed to protect their capital while allowing traders enough room to execute effectively.
- Daily Loss Limit: Typically set at 5% of the starting day’s balance.
- Maximum Drawdown: Set at 10% on the 2-step accounts. Crucially, this is a static drawdown from your initial balance, not a trailing one that punishes you for making money.
- Lot Size Consistency: To prevent traders from passing by getting lucky on a single massive trade, the firm enforces a consistency rule. Your average trade size must remain relatively stable throughout the evaluation.
7. Allowed Assets and Instruments
The firm provides deep institutional liquidity across a wide variety of financial instruments, ensuring you can find setups regardless of the global macroeconomic environment.
- Forex: All major, minor, and exotic pairs with raw spreads.
- Indices: Trade the Nasdaq 100, S&P 500, Dow Jones, and European indices.
- Commodities: Heavy liquidity on Gold, Silver, and Crude Oil.
- Cryptocurrencies: Trade Bitcoin and Ethereum directly against the US Dollar.
8. Allowed Platforms and Tech Stack
Because The Funded Room targets serious, career-oriented traders, they partner with the most robust platforms available to ensure zero slippage during critical moments.
- MetaTrader 5 (MT5): The primary platform offered, giving traders access to advanced order routing and deep market depth.
- cTrader: Offered for traders who prefer advanced charting, seamless one-click execution, and algorithmic trading capabilities outside of the MetaQuotes ecosystem.
9. Profit Splits and Free Retries
Upon reaching funded status, traders are rewarded with an excellent 80% profit split by default. Through the scaling plan, this can increase to an industry-leading 90%.
One of the most trader-friendly policies at The Funded Room is their Free Retry System. If you reach the end of an evaluation period (on accounts that have time limits) and your account is in profit, but you have not quite reached the profit target, you do not fail. Instead, the firm will issue you a brand-new evaluation account for free, recognizing that the market simply didn’t provide enough volatility for your strategy.
10. The Capital Scaling Plan
The Funded Room wants to keep profitable traders for the long haul. If you demonstrate consistent returns, the firm will dramatically increase your purchasing power.
| Scaling Tier | Requirement to Upgrade | Capital Boost | Profit Split |
|---|---|---|---|
| Level 1 | 10% profit over 3 months | +25% Capital | 80% |
| Level 2 | Additional 10% over 3 months | +25% Capital | 85% |
| Level 3 | Additional 10% over 3 months | +25% Capital | 90% |
| VIP Status | 12 months of profitability | Custom up to $1.5M | 90% |
11. Professional Mentorship and Resources
Beyond the Virtual Trading Room, funded traders and evaluators gain access to an extensive library of professional resources. The firm’s founders frequently host exclusive webinars detailing institutional order flow, volume profiling, and macroeconomic fundamental analysis. They don’t just want you to pass; they want to teach you how to trade like a professional portfolio manager.
12. Frequently Asked Questions
Is The Funded Room a legitimate proprietary trading firm?
Yes, The Funded Room is highly legitimate. They have built a strong reputation based on their educational focus and transparent payout processing, with numerous verified testimonials from funded traders.
Do I have to use a stop loss?
On certain evaluation models, yes. The Funded Room emphasizes risk management, and some of their 1-step programs require a hard stop loss to be placed on every trade to protect against black swan events.
Are Expert Advisors (EAs) allowed?
Yes, EAs and trading bots are permitted. However, you must use your own custom strategy. Commercially available bots that exploit demo environments via high-frequency trading (HFT) or latency arbitrage will result in an immediate ban.
How do payouts work?
Once funded, you can request your first payout after 14 to 30 days of live trading, depending on your account tier. Payouts are processed swiftly via bank wire, Deel, or cryptocurrency.
Is the Virtual Trading Room mandatory?
No, participation in the Virtual Trading Room is completely optional. If you prefer to trade in silence, you can simply use the dashboard and platform without ever joining the voice channels.
13. Final Verdict
For traders who feel isolated and frustrated by the solitary nature of retail trading, The Funded Room is an outstanding choice. It is much more than just a capital provider; it is an educational ecosystem.
The added social benefits, live mentorship, and collaborative environment make their evaluation fees highly worthwhile. Combined with massive capital limits up to $300,000, fair drawdown rules, and the generous free retry policy, The Funded Room stands out as a premium destination for serious traders looking to build a long-term career.
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