Atlasfunded.com Reviews

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Based on looking at the website, Atlasfunded.com presents itself as a global prop trading firm aiming to provide simulated capital to traders, allowing them to participate in the financial markets without directly risking their own significant funds.

The platform offers various “challenges” or evaluation programs designed to assess a trader’s skill and consistency.

If a trader successfully passes these evaluations, they are then granted access to a “funded” simulated account, from which they can earn a share of the simulated profits generated.

The core value proposition revolves around enabling traders to scale their potential earnings, receive prompt payouts, and access advanced trading tools, all within a seemingly supportive community environment, as depicted through various testimonials and a prominent Discord community invitation.

Table of Contents

Understanding Atlas Funded’s Core Model: Simulated Capital and Evaluations

Atlas Funded operates on a prop trading model, specifically focusing on simulated capital and rigorous evaluation processes. This isn’t about direct investment in live markets with real money from day one. Instead, it’s a structured pathway for traders to demonstrate their abilities in a controlled, simulated environment. The firm emphasizes that all accounts provided are fully simulated demo accounts, mirroring real-time market conditions but without the direct financial risk of live trading from the firm’s side.

What is a Prop Trading Firm?

A proprietary trading firm, or prop firm, is a company that trades its own capital rather than its clients’ money. In the context of online prop firms like Atlas Funded, the model has evolved. They typically offer aspiring traders the opportunity to trade with a larger sum of simulated capital after they successfully pass an evaluation phase. The appeal lies in accessing significant capital without needing to self-fund large amounts, and the potential to earn a substantial profit split. For instance, Atlas Funded advertises an “Up to 95% Reward Share,” which is a compelling figure for many traders looking to maximize their earnings from their skills.

The Role of Simulated Accounts

It’s crucial to grasp that Atlas Funded’s accounts are simulated demo accounts. This means:

  • No Direct Market Exposure for the Trader initially: Traders aren’t directly buying or selling financial instruments in live markets with the firm’s capital during the evaluation or even after being “funded.” They are trading on a simulated platform that replicates real market movements.
  • Skill Assessment: The primary purpose of these simulated accounts is to assess a trader’s consistency, risk management, and profitability under specific rules. It’s a proving ground.
  • Hypothetical Performance: As the website clearly states, “Hypothetical performance results come with inherent limitations and do not reflect actual trading. No representation is made that any account will achieve or is likely to achieve profits or losses comparable to those shown in hypothetical performance results.” This is a vital disclaimer, as simulated results can often appear better than real-world trading due to the absence of psychological pressures and execution complexities of live markets.

Deep Dive into Atlas Funded’s Challenge Programs

Atlas Funded offers several distinct challenge programs, each with its own set of rules, profit targets, and drawdown limits.

These programs are designed to cater to different trading styles and risk appetites, providing flexibility to traders seeking funding.

Atlas Access Challenge: Pay After You Pass

This is a unique offering that positions Atlas Funded competitively. The “Atlas Access” challenge allows traders to take the evaluation for free and only pay the challenge fee if they successfully pass. A small initial broker account fee of $5 is required.

  • Phases: It’s a two-phase evaluation.
  • Profit Target: Phase 1 requires a 9% profit, and Phase 2 requires 5%.
  • Drawdown: Daily drawdown is capped at 3%, with an overall drawdown limit of 6%.
  • Cost Structure: The actual challenge fee e.g., $148 for a $25,000 account, increasing with account size is only due after passing the evaluation. This significantly reduces the upfront financial risk for aspiring traders.
  • Limited Attempt: The website states, “This challenge is limited to one attempt per user.” This is a critical detail, as it means you can’t continuously retry the Atlas Access challenge without incurring a fee if you fail the first attempt.

Atlas Challenge: The Standard Two-Phase Evaluation

The “Atlas Challenge” is presented as their most popular two-phase evaluation option.

  • Phases: Two phases.
  • Profit Target: Phase 1: 9%, Phase 2: 5%.
  • Drawdown: Daily drawdown is 5%, and overall drawdown is 10%. These limits are more lenient than the Atlas Access challenge.
  • Upfront Fee: Unlike Atlas Access, this challenge requires an upfront fee e.g., $88 for a $10,000 account, increasing with account size. This fee is refundable upon passing the evaluation.

Atlas Plus Challenge: Evaluation Profit Share

The “Atlas Plus” challenge offers an intriguing feature: a 15% profit share during the evaluation phase. This means if you are profitable during your evaluation, you get to keep a portion of those simulated profits even before you are fully funded.

  • Profit Target: Phase 1: 8%, Phase 2: 5%. The Phase 1 profit target is slightly lower than the other two-phase options.
  • Drawdown: Daily drawdown is 5%, and overall drawdown is 8%.
  • Evaluation Profit: Traders are eligible for a profit share of up to 15% during their evaluation phase, disbursed with the second payout from Atlas Funded. This can be a strong incentive for consistent traders.
  • Upfront Fee: This challenge also requires an upfront, refundable fee e.g., $98 for a $10,000 account.

Atlas Express Challenge: One-Phase Fast Track

For traders looking for a quicker path to a simulated funded account, the “Atlas Express” challenge is a one-phase evaluation.

  • Phases: One phase.
  • Profit Target: A single profit target of 11%.
  • Drawdown: Daily drawdown is 4%, and overall drawdown is 7%.
  • Upfront Fee: Requires an upfront, refundable fee e.g., $98 for a $10,000 account. This expedited process often comes with slightly tighter profit and drawdown requirements compared to two-phase models.

Key Features and Trading Conditions

Atlas Funded highlights several features designed to appeal to active traders. Bubulands.com Reviews

These include flexible trading periods, allowance for Expert Advisors EAs, and specific payout conditions.

Unlimited Trading Period

A significant advantage emphasized by Atlas Funded is the unlimited trading period for all their evaluations. This contrasts with some other prop firms that impose time limits for completing the evaluation phases. For traders who prefer to take their time, analyze the market thoroughly, and avoid rushed decisions, this feature can be invaluable. It reduces the pressure of meeting profit targets within a tight deadline, potentially fostering better trading habits.

Minimum Trading Days

While there’s no maximum time limit, all challenges Atlas Challenge, Atlas Plus, Express Challenge, Atlas Access require a minimum of 4 or 5 trading days before advancing to the next phase or becoming funded. This ensures that traders aren’t just getting lucky on one or two trades but are demonstrating consistency over a brief period. For instance:

  • Atlas Challenge, Atlas Plus, Express Challenge: Minimum 4 trading days.
  • Atlas Access: Minimum 5 trading days.

Expert Advisor EA Compatibility

Atlas Funded explicitly states, “We permit the use of Expert Advisors EAs in all evaluations, except for HFT EAs.” This is good news for algorithmic traders or those who rely on automated strategies. However, the exclusion of High-Frequency Trading HFT EAs is standard practice across many prop firms, as HFT strategies often exploit micro-market inefficiencies that are not aligned with the firm’s risk management or simulated environment capabilities. It’s crucial for EA users to clarify what constitutes an “HFT EA” to avoid any issues.

Payout Structure and Frequency

The firm boasts an “Up to 95% Reward Share” and a “7 Day Payout Process.” This indicates a highly competitive profit split and a swift payout timeline.

  • Profit Split: The standard profit split is advertised as 95%, which is among the highest in the prop trading industry. This means that for every $100 of simulated profit you generate, you could potentially keep $95.
  • Payout Frequency: Weekly payouts are offered, allowing traders frequent access to their simulated earnings. The website also states that upon approval of withdrawal, payment will be processed within 12 hours, which suggests a very efficient system. This is a significant draw for traders looking for regular income from their efforts.

Risk Management Rules: Drawdown and Loss Limits

Understanding the drawdown and loss limits is paramount for any trader considering a prop firm.

These rules define the maximum amount of loss a trader can incur before their account is terminated, safeguarding the firm’s simulated capital.

Balance-Based Drawdown

Atlas Funded uses a “Balance-Based Drawdown” rule. This is generally considered more favorable to traders compared to equity-based drawdowns.

  • Definition: A balance-based drawdown calculates the maximum permissible loss from the initial balance of the account or the starting balance of the day for daily drawdown, rather than from the highest equity point the account reached.
  • Advantage for Traders: This means if you make a profit and then experience a loss, your overall drawdown limit is still based on your initial account balance, not your peak equity. This provides more breathing room for traders, especially after a successful period. For example, if you start with $100,000 and your overall drawdown is 10%, you cannot lose more than $10,000 from your starting balance, regardless of how high your equity might have climbed.

Daily Drawdown Limits

Each challenge type has a specific daily drawdown limit:

  • Atlas Access: 3% Daily Drawdown.
  • Atlas Challenge, Atlas Plus: 5% Daily Drawdown.
  • Atlas Express: 4% Daily Drawdown.

These daily limits reset at the end of each trading day, and exceeding them typically results in the immediate termination of the evaluation or funded account. Mobilemonster.com.au Reviews

Overall Drawdown Limits

The overall drawdown limits vary by challenge type:

  • Atlas Access: 6% Overall Drawdown.
  • Atlas Challenge: 10% Overall Drawdown.
  • Atlas Plus: 8% Overall Drawdown.
  • Atlas Express: 7% Overall Drawdown.

These limits are crucial for long-term account management.

If your account balance or equity, depending on the firm, but here it’s balance-based falls below this threshold from the initial balance, the account is typically closed.

The Scaling Plan: Growing Your Simulated Capital

Atlas Funded offers a structured scaling plan that allows successful traders to increase their simulated capital over time. This is a key incentive for long-term engagement and provides a clear path for professional growth within the firm’s ecosystem.

How the Scaling Plan Works

The scaling plan is designed to reward consistent profitability and active engagement.

  • Capital Increase: Traders can receive a 37.5% capital increase every three months. This is a significant boost that allows traders to exponentially grow their potential earnings.
  • Eligibility Criteria: To qualify for the capital increase, traders must meet two primary criteria:
    • Profit Target: Achieve at least a 15% net profit on their simulated funded account over a consecutive three-month period.
    • Payout Frequency: Complete at least five payouts within that same three-month timeframe. This emphasizes not just profitability but also the consistency of withdrawals, indicating active and successful trading.

Long-Term Growth Potential

The scaling plan illustrates a clear trajectory for traders:

  • Initial Balance: Starting with a $200,000 account.
  • 3 Months: $275,000 37.5% increase
  • 6 Months: $350,000
  • 9 Months: $375,000
  • 12 Months: $450,000
  • 15 Months: $525,000
  • 18 Months: $600,000
  • 21 Months: $675,000
  • 24 Months: $750,000

This structured growth path can be highly motivating for traders who aim to manage larger sums of capital and achieve higher payouts over time.

It demonstrates a commitment from Atlas Funded to nurturing long-term relationships with successful traders.

Community, Support, and Transparency

Beyond the numbers and rules, the overall experience with a prop firm often comes down to its community, customer support, and transparency.

Atlas Funded attempts to address these aspects through various channels. Silencershop.com Reviews

Discord Community and Support Channels

Atlas Funded actively promotes its Discord community. This is a common and effective strategy for prop firms to:

  • Foster Engagement: Create a space for traders to interact, share insights, and discuss strategies.
  • Real-time Updates: Disseminate important announcements, rule changes, or market insights quickly.
  • Direct Support: Offer dedicated support channels where traders can get assistance with queries or issues.
  • Educational Content: Provide free resources, webinars, or discussions on trading topics.

The testimonials on the site mention the Discord community as being “very helpful” and “thriving,” suggesting an active and positive environment.

Customer Service Accessibility

The website lists direct contact information:

  • Email: [email protected]
  • Phone: +44 20 8129 0906 UK number
  • Physical Address: 1 Colbath Square EC1R 5HL London United Kingdom

The availability of a phone number and a physical address adds a layer of credibility and accessibility, allowing for more direct communication channels beyond just email or a Discord chat.

The claim of “24/7 Customer Support” on the homepage is also a strong statement, indicating a commitment to continuous assistance.

Transparency and Disclaimers

Atlas Funded includes crucial disclaimers on its website, particularly regarding the nature of its accounts.

  • Simulated Accounts: The footer explicitly states: “All content and materials provided by Atlas Vanquish Ltd., trading as Atlas Funded Company Number: 15951299, along with its associated entities, are intended solely for educational and general informational purposes. None of the information shared should be interpreted as financial advice, recommendations, or encouragement to engage in trading or to buy or sell any financial instruments or securities. Individual testimonials and user experiences shared on our platform or in any promotional material reflect personal experiences, which may vary significantly and should not be taken as typical, expected, or guaranteed results. Success in trading is inherently risky, and past results are not a predictor of future outcomes. Accounts provided by Atlas Funded are fully simulated demo accounts.”
  • Hypothetical Performance: It also clarifies that “Hypothetical performance results come with inherent limitations and do not reflect actual trading.” This level of transparency is essential for managing expectations and ensures that traders understand they are engaging with a simulated environment designed for skill development and assessment, not direct real-money trading from day one.

Comparison with Other Prop Firms

Atlas Funded provides a direct comparison section on its website, pitting its features against competitors like FTMO and Funding Pips.

This is a bold move that speaks to their confidence in their offerings.

Key Differentiators Highlighted

  • Profit Target: Atlas Funded lists its profit targets at 8%/5% for two-phase likely referring to Atlas Plus, as Atlas Challenge is 9%/5%, compared to FTMO’s 10%/5% and Funding Pips’ 8%/5%. This suggests competitive or even slightly more achievable profit targets for their two-phase challenges.

  • Pay After You Pass Challenge: Atlas Funded highlights its “Pay After You Pass” feature Atlas Access as a unique selling proposition, something that FTMO and Funding Pips do not offer. This is a significant advantage for traders who are hesitant to pay upfront fees. Velobet.com Reviews

  • Max Drawdown: All three firms are listed with a 10% maximum drawdown, indicating industry standard.

  • Daily Drawdown: All three firms are listed with a 5% daily drawdown, also an industry standard.

  • Payout Schedule: Atlas Funded emphasizes Weekly payouts, while FTMO and Funding Pips are listed as Bi-Weekly. This faster payout frequency is a strong competitive edge.

  • Additional Add-Ons: Atlas Funded claims to offer “Yes” to additional add-ons, which its competitors do not. This could refer to various customizable features or enhancements for the trading experience.

  • Evaluation Fee 100K Account:

    • Atlas Funded: $348.60 for a $100K account, likely Atlas Challenge after a discount.
    • FTMO: $540 for a $100K account.
    • Funding Pips: $470 for a $100K account.

    This comparison suggests Atlas Funded offers a more cost-effective entry point for similar account sizes.

Considerations for Comparison

While the comparison table is useful, it’s important for prospective traders to do their own due diligence. Factors not explicitly compared might include:

  • Brokerage: The specific simulated broker used by each firm and the trading conditions spreads, commissions provided. Atlas Funded mentions “Spreads Starting at 0.0” and “Up to 1:100 Leverage.”
  • Customer Service Responsiveness: While 24/7 support is advertised, the quality and speed of responses can vary.
  • Community Vibe: The actual experience within the Discord or trading community.
  • Long-Term Reputation: Given that Atlas Funded is relatively new as suggested by some testimonials stating “this firm not launch yet” or “Although fairly new”, its long-term track record in consistent payouts and platform stability will be key.

Potential Benefits and Considerations for Traders

For any aspiring or experienced trader, evaluating a prop firm involves weighing the potential benefits against certain considerations.

Potential Benefits

  • Access to Capital: The primary draw. Traders can manage simulated capital up to $400,000 initially, with scaling potential up to $2,000,000, without risking their own large sums.
  • Reduced Personal Risk Initial Stages: The “Pay After You Pass” model significantly lowers the upfront financial barrier, making it more accessible for new traders to prove their skills.
  • High Profit Split: An “Up to 95% Reward Share” is highly attractive, allowing successful traders to retain a significant portion of their simulated profits.
  • Flexible Trading Conditions: Unlimited trading period and balance-based drawdown offer more flexibility and less pressure compared to time-limited or equity-based drawdown models.
  • Fast Payouts: Weekly payouts and 12-hour processing times are excellent for liquidity and consistent income.
  • EA Compatibility: Supports algorithmic trading strategies, which is a plus for automated traders.
  • Community and Support: A strong emphasis on community and readily available customer support can be beneficial for learning and problem-solving.

Considerations for Traders

  • Simulated Accounts: It’s crucial to remember that these are simulated accounts. While they mirror real markets, the psychological aspect of trading with “real” money even if it’s the firm’s versus simulated funds can be very different. The website states, “Hypothetical performance often benefits from hindsight, does not account for the financial risks involved, and cannot simulate the emotional and practical challenges of real trading.” This is a critical point.
  • Evaluation Fees: While the “Pay After You Pass” model reduces initial risk, the challenge fees can still be substantial once you pass, particularly for larger account sizes e.g., $1,488 for a $200,000 Atlas Access account.
  • Strict Rules: Prop firms have strict rules regarding daily and overall drawdowns. One significant mistake can lead to account termination, requiring a new challenge purchase. Consistency and strict risk management are not just recommended but mandatory.
  • Payout Reliability Long-term: While the website showcases payout certificates and boasts quick processing, a prop firm’s true reliability is proven over a longer period with a large number of successful traders. As a relatively new firm, long-term payout consistency will be key to its reputation.
  • No Direct Market Exposure: For traders who specifically seek to learn how to trade directly in live markets with real money, this model might not align with their learning objectives, as it focuses on simulated environments.

Conclusion on Atlasfunded.com’s Offerings

However, prospective traders must internalize the fact that all accounts are simulated demo accounts. This means the experience is designed to test and hone skills in a controlled environment, preparing individuals for the theoretical pressures of real trading. While the firm emphasizes transparency with its disclaimers and offers a clear scaling plan for growth, the success ultimately hinges on the individual trader’s ability to consistently meet demanding profit targets while adhering strictly to stringent risk management rules. For those who understand and accept these parameters, Atlas Funded appears to offer a well-structured and potentially rewarding platform for developing and leveraging their trading skills.

Frequently Asked Questions

What is AtlasFunded.com?

AtlasFunded.com is a global prop trading firm that provides simulated capital to traders who successfully pass their evaluation programs. Canyon.com Reviews

It allows individuals to trade with larger sums in a simulated environment, with the potential to earn a significant profit share.

Are Atlas Funded accounts real or simulated?

Based on the website’s clear disclaimers, all accounts provided by Atlas Funded are fully simulated demo accounts. They reflect real-time market quotes but do not involve actual trading in live markets with real money.

How do I get funded by Atlas Funded?

To get funded, you must first pass one of Atlas Funded’s evaluation challenges e.g., Atlas Access, Atlas Challenge, Atlas Plus, or Atlas Express. Each challenge has specific profit targets, daily drawdown limits, and overall drawdown limits that you must adhere to.

What is the “Pay After You Pass” challenge?

The “Pay After You Pass” challenge, known as Atlas Access, allows you to take the evaluation for free, only paying the challenge fee if you successfully pass. A small $5 broker account fee is required upfront. This reduces the initial financial risk.

What are the profit targets for Atlas Funded challenges?

Profit targets vary by challenge:

  • Atlas Access & Atlas Challenge: Phase 1: 9%, Phase 2: 5%.
  • Atlas Plus: Phase 1: 8%, Phase 2: 5%.
  • Atlas Express: Single phase: 11%.

What are the drawdown limits at Atlas Funded?

Drawdown limits vary by challenge type, but all are balance-based:

  • Atlas Access: 3% Daily, 6% Overall.
  • Atlas Challenge & Atlas Plus: 5% Daily, 10% Atlas Challenge / 8% Atlas Plus Overall.
  • Atlas Express: 4% Daily, 7% Overall.

What is the profit split at Atlas Funded?

Atlas Funded offers an attractive profit split of up to 95% for successful funded traders.

How often are payouts processed at Atlas Funded?

Payouts are processed weekly. Once a withdrawal request is approved, payments are processed within 12 hours.

Does Atlas Funded allow Expert Advisors EAs?

Yes, Atlas Funded permits the use of Expert Advisors EAs in all evaluations, with the exception of High-Frequency Trading HFT EAs.

Is there a time limit to complete the evaluation challenges?

No, Atlas Funded states that all their evaluations come with an unlimited trading period, allowing traders to complete the challenges at their own pace. Moonpay.com Reviews

What is the minimum number of trading days required?

For most challenges Atlas Challenge, Atlas Plus, Express Challenge, a minimum of 4 trading days is required. The Atlas Access challenge requires a minimum of 5 trading days.

Can I trade news events with Atlas Funded?

Yes, Atlas Funded states that they allow traders to benefit from news trading during their evaluation phase.

What is the scaling plan at Atlas Funded?

The scaling plan allows funded traders to increase their simulated capital. Eligible traders can receive a 37.5% capital increase every three months if they achieve at least 15% net profit and complete five payouts within that period.

What kind of customer support does Atlas Funded offer?

Atlas Funded advertises 24/7 customer support and provides contact via email [email protected] and phone +44 20 8129 0906. They also foster an active Discord community for support and interaction.

Is the evaluation fee refundable?

For Atlas Challenge, Atlas Plus, and Atlas Express, the evaluation fee is refundable upon successful completion of the challenge. For Atlas Access, the fee is only paid after you pass, so it’s not a refund in the traditional sense, but rather a deferred payment.

How does balance-based drawdown work?

Balance-based drawdown calculates your maximum permissible loss from your initial account balance.

This means your drawdown limit doesn’t trail your highest equity point, offering more flexibility for traders who might experience temporary profits followed by dips.

Can I have multiple funded accounts with Atlas Funded?

The website doesn’t explicitly state rules on multiple funded accounts. However, the Atlas Access challenge is limited to “one attempt per user.” For other challenges, it’s best to consult their detailed FAQ or support.

What trading platforms are supported by Atlas Funded?

The website mentions “Multi-Platform Integration” but doesn’t specify which platforms e.g., MetaTrader 4, MetaTrader 5, cTrader. Prospective traders should confirm this directly with Atlas Funded.

What is the maximum simulated capital I can manage with Atlas Funded?

Initially, you can get funded with up to $400,000 in simulated capital. Through their scaling plan, you can potentially grow this to up to $2,000,000. Usuckatgolf.com Reviews

How can I join the Atlas Funded community?

You can join their Discord community by clicking the “Join Discord” button on their website, which provides access to support channels, exclusive offers, and trading education.

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