TraderSeed Full Review – Is It A Scam?















Are you looking to take your trading to the next level and take on additional capital? A lack of capital holds many forex traders back, but luckily prop firms are here to help. With so many prop firms offering funding to forex traders around the world, choosing the right firm to work with can be a challenge.

In this article we are diving into TraderSeed, a very interesting company offering funding capital to traders, in a very unique way. Let’s find out more…


Who Are TraderSeed?

Based in Dublin, TraderSeed is an intermediary between you, the trader, and FTMOOpens in a new tab.

Where most prop firms on our Top Firms listOpens in a new tab.

In principal it seems like a no brainer. You’re able to purchase a much cheaper FTMO challenge and get unlimited retries, why wouldn’t you sign up? Well, let’s find out more…

Getting Funding From TraderSeed?

TraderseedOpens in a new tab.

The first account offered is the FastTrack! account, which is worth $10,000. If you purchased this challenge directly from FTMO, you would be paying $190 for the challenge, but just $65 from Traderseed. To get funding, you first need to pass 2 challenges, which are the Profit and Risk Management test. These are fairly simple, you just need to bank a 10% gain, then a 5% gain, without violation the daily and maximum drawdown limits. Once passed, Traderseed will purchase you an FTMO challenge, where you repeat the exact same challenge. If successful, you will keep 80% of your profits (after FTMO take their cut).

The second funding option is the $50,000 partner fund, which is usually worth $420 but will only cost you $165 if you go through Traderseed. This works exactly the same as the FastTrack! account, where you will need to complete a profit and risk management challenge before touching the FTMO challenge. You will keep 90% of your funded profits (after FTMO take their cut), and have unlimited restarts should you fail!

The $100,000 partner funding works exactly the same as the $50,000 funding. However, this capital would usually cost you $655, but only $260 going through Traderseed!

What Makes TraderSeed Different From Other Prop Firms?

Traderseed is different from other prop firms simply because it’s not a prop firm. One of the main things that seems to be holding traders back from getting FTMO fundedOpens in a new tab.

Let’s take the $100,000 challenge with FTMO for instance. If you went directly to them, for the challenge, you would be paying $655 for the chance, with 2 verification steps. If you go through TraderSeedOpens in a new tab.

In exchange for paying way less for your challenge, Kieran at Traderseed just needs to verify that you will actually pass the challenge, by giving you a small challenge beforehand. This is of course a slightly longer winded way of getting funded and will take a few weeks more, however, it will save you so much money if you are likely to fail the challenge a few times before becoming FTMO fundedOpens in a new tab.

Is Getting TraderSeed Funding Realistic?

Sometimes prop firms are just too good to be true. You see a firm offering £10,000,000 in trading capital, which seems great until you realise you need a 2 year track record, unreal returns and your profit share will be 5%. So to avoid wasting everyones time, is getting funding from this company actually possible?

Well, yes. TraderSeed fundingOpens in a new tab.

It’s worth noting that swing traders and position traders are going to struggle to get this funding due to the maximum time duration placed on FTMO challenges (excluding the new swing challengeOpens in a new tab.

Is It Worth Using TraderSeed Instead Of FTMO?

One of the main questions I get asked about TraderSeed is, is it even worth it? In my opinion, the answer is yes for some traders and no for some traders. Let me explain…

It’s not worth it, if…

If you’re a profitable forex trader with at least a few months of consistent track record logged on MyFxBookOpens in a new tab.

It’s worth it, if…

If you haven’t ever applied for funding from another prop firm, you aren’t the most consistently profitable trader in the world and you aren’t 100% confident you’ll pass the challenge first or second time round – then this could be worth it for you. As you’re able to get such a discounted rate with TraderSeed, you really do allow yourself to fail a few times, keep studying, keep perfecting your craft and refine your trading strategies without costing yourself a small fortune for every challenge you fail.

If you’re concerned that you may not be able to adhere to the trading rules and actually pass a challenge first time, there are companies like MyForexFundsOpens in a new tab.

Here, published on Kierans channel, you can see a number of traders that have used TraderSeed getting their FTMO profit splits sent through to them – which is great to see!

What Are Traders Saying About TraderSeed?

The issue with TraderSeed not being an actual prop firm, like the rest of the firms on our Top Prop FirmsOpens in a new tab.

However, we do know two things. Kieran, the man behind the company is fully transparent on YouTubeOpens in a new tab.

Secondly, FTMO is legimateOpens in a new tab.

Summary – Is TraderSeed Another Scam?

Traderseed is a reputable FTMO partnered company, offering discounted rates on the FTMO challenge in exchange for a small profit split. You have to pass an extra challenge, compared to if you went directly to FTMO, but you save over 50% on the price of challenges!

Kieran, the founder, has turned a really good idea into a great opportunity for traders, especially traders with less capital or those just coming out of demo trading. For a lot of beginner traders, losing $655 per challenge can be a really big dent in the bank. Tradingseed can allow you to take more challenges, grow your skills, learn better risk management and still get the same great levels of funding – I highly recommend!

If you have any experience with this firm please do let me know in the comments below.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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