FunderPro 15% discount code: REVIEW15
FunderPro is a proprietary trading firm founded in 2021. It is based in Malta. Under the guidance of CEO Gary Mullen, FunderPro stands out by simplifying the trading experience.
They have a two-phase evaluation program. Successful completion leads to a funded account with no profit targets and no time limits.You can manage accounts up to $200,000. Profit splits are 80%.
At FunderPro payments are fast. Payment is done in just 7 days after placing your first profitable trade. They have popular platforms like MT4, MT5 and TradeLocker.
- Manage up to $200,000
- Keep 80% of your profits
- Receive weekly payouts.
- Leverage 1:100
- No deadlines for completing the evaluation program
- Trade in assets such as forex, commodities, indices, stocks, and cryptocurrencies
- Scale your account balance by 50% every three months, up to $5 million
- Refundable fee
- The two-phase evaluation process may be challenging for some
- Currently no credit card payments
How The FunderPro Challenge Works?
To get your account funded, you need to successfully complete both evaluation phases. You also need to follow the consistency rule. As a FunderPro trader, your focus is on respecting the 5% maximum daily loss and 10% total loss rules. No specific time limits are set.
Phase 1
Traders must have a 10% profit target while maintaining a maximum daily loss of 5% and total loss of 10%. There is no time limit, but traders must trade for at least 5 days to progress.
Phase 2
Traders must continue to adhere to the 5% daily drawdown and 10% total loss rules for a minimum of five trading days.
FunderPro’s Consistency Rule
This rule moderates risk and requires consistent trading progress. The profit gained in a single day should not constitute more than 60% of the total challenge profits.
Account Sizes and Prices
FunderPro offers 5 account sizes to accommodate any budget and skill level. You can choose from accounts that are ranging from $25k to $200k. Here’s a breakdown of the pricing for funded trading accounts:
- $25k account costs $249
- $50k account costs $349
- $100k account is $549
- $150k account costs $749
- $200k account is $989
Each account option has 1:100 leverage, giving you the edge you need to maximize your trading potential. You can start with a free demo account and progress to a real one later.
Scaling for $100k & $200k Challenge
Consistent and profitable traders have the opportunity to increase their account balance. This increase goes from 50% every 3 months. This can get you up to a remarkable $5 million. Scaling plan is exclusive to traders of the $100k and $200k challenges. They need to consistently achieve a 10% target profit over 3 months.
10% Overall Drawdown and 5% Daily Drawdown
Your overall drawdown, or maximum allowed loss, should not go over 10% of your account size at any given time. For instance, if you trade with a $100,000 account, your total loss can’t go over $10,000.
Your daily loss can’t go over 5% of your current account size. For example, if your account is $100,000, you should aim to keep your daily losses below $5,000. If you had a profit and your account is now $110,000, the allowed daily loss of 5% would be equal to $5,500.
FunderPro Payout Process
Once you pass the evaluation and have a funded account, you can keep 80% of your profits. Your first payout is done 7 days after your first profitable trade. After that, payments are sent weekly. This means you have a chance to earn from your trades every week. Payouts are processed within 24 to 48 hours.
Broker and Trading Platforms
FunderPro has partnered with a leading liquidity provider, granting direct access to financial markets and live account data. When it comes to trading platforms, FunderPro offers TradeLocker, MetaTrader 4 and MetaTrader 5.
Trading Instruments
- FX Majors
- FX Crosses
- FX Exotics
- Indices
- Commodities
- Cryptos
- Metals
Support and Education for Traders
- 24/7 Customer Support
- Support is available 24/7 directly from your Trader’s Portal.
- Multi-Lingual Support available.
- Blog and Discord channel.
Trader Reviews of FunderPro
FunderPro is relatively new, but we managed to find +22 reviews and an excellent rating of 4.5 out of 5 stars. Reviewers like the firm’s impressive platform, support, and flexible trading rules with no time limit. What they didn’t like is the lack of credit card deposit options. FunderPro answered these comments saying that they are actively working on adding this.
Forex Broker Report gave FunderPro: 5/5 Stars.
Start Business Online gave FunderPro: 4.3/5 Stars.
Forex Prop Reviews gave FunderPro: 4/5 Stars.
Is FunderPro Legit
FunderPro is a legitimate prop firm. FunderPro is a private company founded in February 2023 in Malta. The FunderPro office address is: 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta. Company has a good Trustpilot rating.
Final Word
FunderPro offers a more accessible and rewarding trading environment than many prop firms we checked. They manage to create disciplined and successful traders through their innovative 2-phase evaluation program. FunderPro provides resources to help manage trading risks. For those looking to thrive in the trading industry without complex restrictions, FunderPro is definitely worth exploring.
