Funding Traders Forex prop firm review — Is it reliable?
Fee
100 USD
Leverage
1:100
Account Sizes
10k-200k USD
Profit Split
Up to 100%
Funding Traders is a Forex prop trading firm established in 2022, offering funded accounts ranging from $10,000 to $200,000, with a profit split of up to 100%. The firm provides 1-step and 2-step funding challenges with the possibility to scale up to $2 million in capital
Funding Traders prop firm offers funded accounts from 10k to 200k USD and traders can choose between 1-step and 2-step funded challenges. The firm offers an 80% profit split and traders can increase it via a paid add-on. The firm currently has several discounts through codes and allows traders to reduce the base 100 USD fee further down. Traders can access various financial markets at a competitive leverage, making the firm’s offering very interesting to review.
In our Funding Traders review, we are going to assess the firm’s most critical features such as safety, rules, funded options, assets, platforms, fees, education, support, and more. After reading this review, you will know if the firm can be trusted.
Overall
Funding Traders prop trading firm presents an interesting case of discounts on it’s not-so-low fees and funded options from 10k to 200k. There is a scaling plan of up to 2 million dollars, which can be achieved through merging numerous accounts. However, the firm claims up to 100% profit split and the trading platform is web-based, raising some suspicions about its legitimacy.
Pros & cons of Funding Traders Prop Firm
Pros
- ✅ Offers both 1-step and 2-step funding challenges
- ✅ Allows account scaling up to $2 million
- ✅ Profit splits can go up to 100%
- ✅ Weekend and overnight trading are allowed
- ✅ Discounts are available on fees using specific discount codes
Cons
- 🚫 A trading platform is limited, offering only basic web trading without advanced tools
- 🚫 Fees are relatively high compared to other prop firms, especially for 2-step challenges
- 🚫 No free trial or repeat is available
- 🚫 Claims of a 100% profit split may be a red flag
- 🚫 Only email and live chat support are available; no phone support is provided
Safety of Funding Traders
Funding Traders reviews are lacking on the FPA as the firm is still young despite being established in 2022. On Trustpilot, the firm has almost 1700 reviews where 84% of reviews are 5-star reviews and 9% are 1-star reviews. Having almost 10% of clients evaluating the firm very negatively is a bit concerning, and we suggest traders be extra careful. All accounts are simulated accounts, including funded ones, which is pretty standard for prop firms these days. Overall, Funding Traders seems to be a legit and average prop trading firm that also offers average safety.
Funding Traders Funding and maximum capital allocation
Traders funded programs include 1-step and 2-step funded challenge types, allowing traders to select between fast-paced and traditional 2-phase options. Both Funding Traders funding account types offer the same range of funding options, including 10k, 25k, 50k, 199k, and 200k amounts. The 1-step funded account requires traders to hit the profit target once without breaching rules to get funded, while the 2-step account requires them to hit the profit target twice to acquire funded status. There are no other types of funded challenges offered at this moment. Funding Traders Challenges does not offer lower funded options than 10k, which is also a downside.
Funding Traders scaling plan allows traders to achieve up to 2 million dollars in funding if the trader is consistently profitable. The scaling plan requires traders to achieve at least an 8% profit target in two months to increase the funding by 25%. The maximum funding for any account is 400k, but traders can merge up to 5 accounts to trade on 2 million USD funding.
Funding Traders Assets
Funding Traders prop trading assets include Forex pairs, commodities, indices, and cryptos. Each asset has a different leverage cap:
- Forex pairs — 1:100
- Commodities — 1:50
- Indices — 1:50
- Cryptos — 1:5
There are no stocks or other assets offered at the moment.
Funding Traders Trading rules and limitations
Funding Traders rules are pretty standard for prop firms. Traders have to follow strict risk rules and hit profit targets without breaching any of the risk rules, or they will get disqualified. The 1-step funded challenge requires a 10% profit target, a 4% daily risk limit, and a 5% maximum drawdown. Minimum trading days are 0, weekend and overnight holding are allowed, and news trading is allowed. Traders should try to not lose more than 2% per trade.
The 2-step funded account requires a 10% profit target for Phase 1, and a 5% profit target for Phase 2. The daily drawdown is 5% and the maximum drawdown is 10%. Everything allowed for 1-step is also allowed for the 2-step account.
Overall, Funding Traders’ rules are on par with other firms.
Funding Traders Fees
The fees by Funding Traders are different for each funded option of each account type. The 1-step funded account has the following fees for each of its funded options:
- Funded option: 10,000 USD — one-time fee: 100 USD
- 25,000 USD — 200 USD
- 50,000 USD — 300 USD
- 100,000 USD — 550 USD
- 200,000 USD — 1,100 USD
The pricing is a bit expensive, which is common with 1-step accounts, but some reliable firms offer even lower fees, so Funding Traders has no distinct advantage here.
The 2-step funded account requires the following one-time fees for each funded option:
- Funded option: 10,000 USD — one-time fee: 100 USD
- 25,000 USD — 200 USD
- 50,000 USD — 300 USD
- 100,000 USD — 550 USD
- 200,000 USD — 1,100 USD
The firm allows traders to use discounts and reduce costs for these accounts. The fact that 2-step accounts cost the same makes it a very unattractive offering. The pricing is expensive for these accounts, and many prop firms offer much lower fees for 2-step challenges.
There are no commissions during the challenge period, but after that, trading requires commissions.
Funding Traders free trial is not available at the moment and Funding Traders free repeat is not offered currently either.
Funding Traders Platforms
When it comes to trading platforms, Funding Trader falls short. It only offers web trading which is built into the trader dashboard, and is extremely limited when it comes to technical analysis and trading tools. Traders will have to use other advanced platforms to analyze markets and use the default one for only opening and closing trades. The firm also makes it extremely difficult to find out any details about its trading platform, indicating its lack of attention to this important aspect of prop trading. Overall, very bad trading experience with their limited platform.
Funding Traders Profit-Sharing
Funding Traders profit split is 80% by default, but traders can increase it through the add-on to 90% or 100%. Withdrawals are allowed twice per month or every two weeks. There are commissions for trading and withdrawals as well. Since the withdrawal method includes cryptos, traders will have to pay fees to withdraw profits, which is a slight inconvenience. Also, the promise of a 100% profit split seems suspicious and more like a red flag than an attractive feature. Prop firms should be making money by allowing traders to speculate on the markets using the firm’s capital and if they pay 100% profits, it only means the firm is making money from fees only.
Education and trading tools at Funding Traders
The firm offers a trader blog that consists of mainly posts about various aspects of the prop trading and Funding Traders firm. Overall, there are no other educational resources about education, which is a downside.
Customer Support at Funding Traders
The firm only offers two customer support options, email and live chat. There is no phone support, which is a downside. However, the presence of a live chat is very flexible for traders to quickly access support and resolve issues efficiently.
