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Introduction to SkilledFundedTraders
Founded by Omar Agag, Palden Bhutia, and Riz Iqbal, SkilledFundedTraders is a cutting-edge platform in the trading industry. Although the specific founding date is not explicitly mentioned, the platform operates under the legal framework of Delaware and was established in 2023. These founders are professional day traders and entrepreneurs, boasting over 15 years of collective trading experience.
The platform is designed to cater to both novice and seasoned traders, offering a unique opportunity to grow capital or secure substantial funding. SkilledFundedTraders distinguishes itself in the trading landscape through its focus on education, risk management, and capital allocation, thereby positioning itself as a significant player in the market
Evaluation and Placement Process
SkilledFundedTraders follows a 2-tier evaluation process to assess traders’ skills and potential. Traders can choose between two account types (Regular or Swing) and two drawdown options (10% and 8%) to adapt to their trading style. Successful completion of the evaluation grants traders a Simulated Funded Account, enabling them to manage virtual funds and grow their accounts through a scaling plan.
Educational and Mentoring Programs
The platform offers comprehensive learning programs covering technical and fundamental analysis, risk management, and trading psychology. Furthermore, it provides mentoring programs, connecting traders with experienced professionals for advice and insights, especially beneficial for newcomers
Funding Plans and Risk Management Tools
SkilledFundedTraders offers flexible funding options catering to various trading styles and risk preferences. It provides advanced risk management tools, including real-time risk analytics and position sizing calculators, to set risk limits and protect capital. Stringent risk controls are in place to minimize the effects of adverse market conditions
Practice with Simulated Trading
A standout feature is the simulated trading environment, allowing traders to practice strategies without financial risk. This environment mimics real market conditions, offering valuable experience before live trading
Profit Sharing and Compensation
Funded traders are entitled to an 80% default payout from the simulated profits they generate, with the potential to retain up to 90% of earnings. This profit-sharing model rewards successful traders and is transparently outlined, building trust.
Funded Account Options
The program is designed to showcase traders’ skills and disciplined approach, offering a clear path to earning a funded trading account. It includes evaluation phases with specific profit targets and risk management rules. The scaling plan incentivizes consistent profitability, and the program offers a diverse range of trading instruments including forex, commodities, indices, and cryptocurrencies.
Customer Support and Community Engagement
SkilledFundedTraders provides customer support via email and maintains active social media profiles, with a significant following across platforms like Instagram, YouTube, Facebook, Twitter, and Discord. This active online presence indicates a robust community engagement.
Trustworthiness and Regulatory Compliance
The platform has a good reputation, with a Trust Pilot score of 4.6 out of 5. It adheres to Delaware law and is neither a broker nor a financial institution, not registered with any U.S. regulatory body. However, it has partnerships with regulated third-party brokers under non-U.S. regulatory oversight, reflecting its commitment to conducting business with reputable entities.
What is SkilledFundedTraders and who are its founders?
SkilledFundedTraders is a platform offering simulated trading evaluation services, focusing on education, risk management, and capital allocation for traders. It was founded by Omar Agag, Palden Bhutia, and Riz Iqbal, experienced traders and entrepreneurs with over 15 years of collective trading experience.
How does the evaluation process at SkilledFundedTraders work?
The evaluation process is a 2-tier system. Traders choose between two account types (Regular or Swing) and two drawdown options (10% and 8%). Upon successful completion of the evaluation, traders are granted a Simulated Funded Account to manage virtual funds and grow their accounts through the platform’s scaling plan.
What educational and mentoring opportunities does Skilled Funded Traders provide?
SkilledFundedTraders offers extensive learning programs covering technical and fundamental analysis, risk management, and trading psychology. Additionally, it provides mentoring programs where traders are connected with experienced professionals for guidance and advice, particularly beneficial for new traders.
What are the profit sharing and compensation rules on SkilledFundedTraders?
Traders on the platform are entitled to an 80% default payout from the simulated profits they generate. This can increase to up to 90% of earnings depending on the offer or coupon used at the time of purchasing the challenge.
Is SkilledFundedTraders regulated and how does it ensure compliance?
SkilledFundedTraders operates under the legal framework of Delaware law but is not a broker or a financial institution and thus is not registered with any U.S. regulatory body. However, it partners with regulated third-party brokers under non-U.S. regulatory oversight, emphasizing its commitment to reputable and compliant trading practices.
Conclusion
SkilledFundedTraders presents a well-rounded platform for both aspiring and experienced traders. Its emphasis on education, risk management, and diverse trading options, combined with a robust community and support system, makes it an attractive option for traders aiming to enhance their skills and achieve success in the trading world. However, potential users should be aware of the platform’s rules, fees, and capital limits before committing.
Risk Warning: It’s essential to remember that trading involves risk, and the content on the ProdanAdvisor website is for general information only. The service and company website are provided on an “as-is” basis and without warranty of any kind.
