RZR Funded Begins a New Phase in Prop Trading
RZR Funded is the new name of Hantec Trader, the company behind a trader evaluation and simulated funding business. The rebrand gives the prop trading operation a new identity while the company says it builds on its past experience. For traders who already know Hantec Trader, or who are comparing prop firms for the first time, this change is worth understanding before you commit to any evaluation program.
What Changed With the Rebrand
Hantec Trader announced the name change on LinkedIn on October 19, describing it as the start of a new chapter for the business. The announcement focused on identity rather than a full list of product changes, so the most useful way to assess RZR Funded is to look at the programs and rules that have been published.
Under its previous name, Hantec Trader offered several evaluation programs. These included one-, two- and three-step challenges, as well as instant-access products. The company has been among the first major brokers to launch a prop trading offering, and the business has been an important part of its wider activity.
Key Updates Introduced Before the Rebrand
Several changes were made earlier in the year, before the rebrand was announced. Readers should treat these as the current baseline to check against the live website:
- A three-stage challenge was introduced in May, offering simulated account balances from $5,000 to $200,000.
- Traders had to reach a 6% profit target at each stage.
- The challenge included a 10% static drawdown limit.
- In the same month, the firm added a 24-hour reward approval guarantee for eligible requests.
- The firm expanded its trading options and removed its former 85% margin cap.
How a Three-Stage Prop Challenge Works
Prop trading firms use evaluations to test whether a trader can manage risk and meet performance targets before providing a simulated or funded account. The three-stage format for RZR Funded follows a clear sequence, which makes it easier to plan than an open-ended program.
Step-by-step overview
- Choose a simulated balance. The published range runs from $5,000 to $200,000, so you can select a size that fits your strategy and risk budget.
- Meet the stage one profit target. You must reach a 6% profit target without breaching the drawdown limit.
- Repeat at stage two and stage three. The same 6% target applies at each stage, so the requirement is consistent across the process.
- Stay within the 10% static drawdown. Breaching this limit ends the attempt, so risk control matters as much as returns.
- Request a reward if eligible. Eligible reward requests are covered by the 24-hour approval guarantee announced in May.
Example calculation
The figures below are a simple illustration of the published percentages, not an offer detail. On a simulated balance of $100,000, a 6% target equals a $6,000 profit. A 10% static drawdown equals a $10,000 limit. Because the drawdown is described as static, check the rulebook to confirm exactly how it is measured, including whether it is calculated from the starting balance or from another reference point.
Comparison: What Is Confirmed and What to Verify
The table below separates the details that have been published from the areas where you should check the current terms directly on the RZR Funded website.
| Feature | Published detail | What to verify |
|---|---|---|
| Three-stage challenge | Balances from $5,000 to $200,000 | Fees, platform and instrument access |
| Profit target | 6% at each stage | Minimum trading days, if any |
| Drawdown limit | 10% static | Exact calculation method and breach rules |
| Reward approval | 24-hour guarantee for eligible requests | Eligibility criteria and payment timing |
| Margin cap | Former 85% cap removed | Current leverage and margin rules |
| One-, two-step and instant-access programs | Offered under the former name | Whether each product is still available |
Conditions to Check Before You Sign Up
Evaluation programs are only as useful as their terms. Before paying for any challenge, review the following points on the official site:
- The full fee structure and whether fees are refundable under any conditions.
- How the static drawdown is calculated, and whether it applies to equity or balance.
- Any rules on news trading, holding periods, lot sizes or prohibited strategies.
- The reward approval process, including what counts as an eligible request.
- Withdrawal conditions and any minimum requirements before a payout.
- Whether terms have changed since the rebrand, as names and rulebooks can be updated.
Reward programs and promotional offers in the wider industry also come with conditions. If you compare prop-style offers with other incentives, read the terms carefully. You can review our guide to forex reward bonus offers for a general overview of how such rewards are typically structured. Bonuses and promotions always have terms and conditions, including trading volume and withdrawal rules, so read them on the provider's site before you take part.
Why the Rebrand Matters for Prop Traders
A rebrand can signal a new focus, but it does not change the rules that apply to your account. The main reason to pay attention is that the name on your contract, support channels and marketing may differ from what you saw previously. Keep copies of your agreement, note the entity you are dealing with and save any terms that were in force when you joined.
The company also stated that it was scheduled to exhibit at the London Prop Trading Expo around the time of the announcement. Event schedules can change, so check with the organiser if attendance matters to your decision.
If you are new to comparing trading providers more broadly, our best no deposit bonus page is a useful starting point for understanding how promotional terms differ across the market. Always compare the rules, not just the headline figures.
Key Takeaways
- Hantec Trader is now RZR Funded, and the rebrand was announced on October 19.
- The three-stage challenge offers balances from $5,000 to $200,000, with a 6% target per stage and a 10% static drawdown.
- The 24-hour reward approval guarantee applies to eligible requests only.
- The former 85% margin cap has been removed, but current leverage and margin rules should be checked on the website.
- Read the full terms, including fees, drawdown calculation and withdrawal conditions, before paying for any evaluation.
Trading involves risk, and prop evaluations carry the risk of losing evaluation fees if you do not meet the rules. Only commit money you can afford to lose.
FAQ
What is RZR Funded?
RZR Funded is the new name of Hantec Trader, a business that offers trader evaluation and simulated funding programs. The company announced the change on LinkedIn on October 19.
What are the main rules of the three-stage challenge?
Traders must reach a 6% profit target at each stage while staying within a 10% static drawdown limit. Simulated balances range from $5,000 to $200,000.
Did RZR Funded remove the margin cap?
Yes, the firm removed its former 85% margin cap when it made its May updates. Check the current margin and leverage rules on the website before trading.
What is the 24-hour reward approval guarantee?
It is a guarantee that eligible reward requests will be approved within 24 hours. Eligibility criteria apply, so review the terms before submitting a request.
Are the old one-, two-step and instant-access programs still available?
Hantec Trader offered these products under its former name. Confirm on the RZR Funded website whether each program is still available and what its current terms are.