FunderPro: Review and Analysis [2024]

FunderPro’s philosophy is to let traders be themselves by removing obstacles in their way. To give every trader a shot at handling big sums of money, they’ve set up challenges. You may manage accounts up to $200,000 and get a 90% profit share, so there’s a lot of room for traders to make a killing. To achieve this goal, one might engage in trading other financial assets, such as cryptocurrency, commodities, indexes, and FX pairings.

In our FunderPro prop firms review, we will consider the pros and cons of the FunderPro prop trading firm. These will help us understand the correctness of future cooperation with the firm.

Established in February 2023, FunderPro is a proprietary trading business formerly known as FunderPro Ltd. Its CEO, Gary Mullen, oversees operations from its base in Malta. With FunderPro and ThinkMarkets as their brokers, traders may select from three different account types, two of which require two review steps and one of which requires just one.

Address: XBX1093, Ta’Xbiex, 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Malta.

FunderPro: Key Features

FunderPro brokers have key features that make working with it profitable for clients:

• FunderPro’s two-phase evaluation program is carefully crafted to meet industry standards. Finishing these stages is necessary in order to secure funding and receive a share of the profits.
• Achievable Profit Goals: The company establishes realistic profit goals of 10% in the initial stage and 8% in the subsequent stage. These targets are carefully designed with reasonable loss regulations, such as a maximum daily loss of 5% and a maximum loss of 10%.
• Earning a generous profit split, traders have the opportunity to scale their accounts up to an impressive $5 million.

The Head of FunderPro is Gary Mullen. He claims that their new challenge will be “a game changer” for proprietary trading firms and that they have worked tirelessly to make it a reality. This is because they have given traders an infinite amount of time to finish the challenge and have removed all the intricate trading restrictions.

He and his colleagues are ecstatic to provide traders all over the globe with a platform where they can demonstrate their trading prowess and exchange their funds for tangible rewards. Furthermore, he thinks that traders will start to get higher outcomes while working with FunderPro because of all the extra resources that the company is providing.

Red Acre Group, a creative financial technology behemoth with state-of-the-art technology underlying its operating structure, is responsible for bringing FunderPro to market. Among the many cutting-edge fields in which Red Acre Group excels are blockchain technology and financial technology. Organizations looking to outsource professionals to take their operations to the next level may take advantage of the firm’s exceptional business solutions. Red Acre Ltd’s principal objective is to reduce the difficulties of company management and to provide long-term performance and success by developing strategies, platforms, and sustainable solutions.

Website:	https://funderpro.com/
Start of work:	2022
Trading Platforms:	TradeLocker
Fees:	FunderPro charges $250, $300, $550, and $995 for $25K, $50K, $100K, and $200K funded account challenges
Evaluation:	The flagship offering from FunderPro is a two-stage evaluation
Maximum drawdown:	Ten percent maximum loss all through the contest. The maximum daily loss is 8%
Deposit Methods:	BTC, Visa, Bank Transfer
Withdrawal Methods:	BTC
Profit split:	The FunderPro funded account challenge offers a generous payout of 80% of the profits.
Assets that can be traded:	Commodities, Crypto, Forex, Indices, Metals
Brokers:	ThinkMarkets

FunderPro touts itself as a reputable proprietary trading business that provides traders with a unique opportunity to manage funded accounts without the restraints of time limits on their trading tasks. This is based on the information that is currently accessible. Because of their forward-thinking strategy, which includes providing funded traders with real capital accounts, offering attractive profit splits of up to 90 percent, and offering a technology-driven platform that is equipped with comprehensive analytics, they have established themselves as a significant player in the prop trading business.

• Legal/License: After conducting a comprehensive investigation of FunderPro’s validity through its website, we discovered no evidence to imply that it was a fraudulent scheme. Nevertheless, because Prop Trading organizations are often subject to less regulation from the authorities in charge of the financial sector, it can take time to determine their honest character.
• Reputation: The company has an impeccable reputation, as evidenced by thousands of customer reviews.
• Safety Measures: This prominent prop trading firm has incorporated a comprehensive range of cutting-edge security measures to guarantee the utmost safety and protection for its esteemed clientele. FunderPro has an impressive track record in the field of trading. Every single transaction and piece of data is securely encrypted to ensure that no unauthorized individuals can gain access. In addition, the company has also incorporated firewalls and various security measures.
• Data Protection: Traders can have peace of mind knowing that their data is protected and kept secure with SSL encryption. Furthermore, the company adheres to KYC (Know Your Customer) regulations. It guarantees that every customer must furnish legitimate identification documents and any other necessary details prior to engaging in trading.
• Trading Technology: FunderPro has collaborated with leading providers to guarantee a smooth trading experience for its traders. It utilizes cutting-edge technologies to construct its trading dashboard, which provides a seamless trading experience with a wide array of advanced features.

FunderPro sets itself apart from other top prop firms trading by providing three distinct account options: two two-step evaluations and one one-step evaluation. Moreover, they offer a wide range of advantageous characteristics, including an endless trading period, no obligatory minimum trading day conditions, immediate withdrawal options from the very first day of achieving funded status, flexible future payouts, and a variety of additional features.

FunderPro’s Regular Evaluation consists of a two-step assessment process that traders must complete in order to qualify for payouts. The desired profit margin for phase one is 10%, which decreases to 8% in phase two. Additionally, there are strict guidelines in place to limit daily losses to a maximum of 5% and overall losses to a maximum of 10%. Additionally, there are no restrictions on the number of trading days you can have during either evaluation phase. Nevertheless, it is mandatory to engage in trading for a minimum of 5 consecutive days during each evaluation phase. The Regular Evaluation also offers a one-of-a-kind scaling plan, enabling traders to handle larger account sizes effectively.

In comparison to other funding programs in the industry, the Regular Evaluation program is unique in several ways. It offers an unlimited trading period, meaning there is no time limit on how long you can trade. Additionally, there are no minimum trading day requirements, allowing you the flexibility to deal as much or as little as you want. Another standout feature is that you can make your first withdrawal as soon as you achieve funded status, without any waiting period. Furthermore, the program offers on-demand future payouts, giving you the ability to access your funds whenever you need them. Lastly, there are multiple add-on features available to enhance your trading experience.

The Swing Evaluation offered by FunderPro is a comprehensive two-step assessment that traders must complete in order to qualify for payouts. The desired profit goal for phase one is 10%, which is then adjusted to 8% for phase two. Additionally, there are strict rules in place to limit daily losses to a maximum of 5% and overall losses to a maximum of 10%. There are no restrictions on the number of trading days you can have during either evaluation phase. Nevertheless, it is mandatory to engage in trading for a minimum of 5 consecutive days during each evaluation phase. The Swing Evaluation also offers a one-of-a-kind scaling plan, enabling traders to handle larger account sizes effectively. In comparison to other funding programs in the industry, the Swing Evaluation is unique in several ways. It offers an unlimited trading period, no minimum trading day requirements, allows for a first withdrawal from day one after achieving funded status, provides on-demand future payouts, and includes various additional features.

FunderPro’s Fast Track program is a streamlined evaluation process that traders must complete in order to become eligible for payouts. The desired profit goal is set at 14%, accompanied by a strict daily limit of 4% for gains and a maximum loss limit of 7% during the evaluation period. Once the funding is secured, the daily gain limit is reduced to 5%, and the maximum loss limit is increased to 10%. There are no specific trading day requirements that you need to meet during the evaluation phase. The Fast Track also offers a one-of-a-kind scaling plan, enabling traders to handle larger account sizes effectively. When it comes to funding programs in the industry, Fast Track truly sets itself apart. It offers an unlimited trading period, no minimum trading day requirements, allows for withdrawals from day one after achieving funded status, provides on-demand future payouts, and even includes multiple add-on features.

FunderPro sets itself apart from other top prop firms by providing three distinct account options: two two-step evaluations and a one-step evaluation. Furthermore, they offer a wide range of advantageous characteristics, including an endless trading period, no mandatory trading day quotas, the ability to make a first withdrawal immediately after reaching funded status, on-demand future payouts, and various additional features.

FunderPro offers three distinct financing program alternatives to its traders:

• Regular Evaluation
• Swing Evaluation
• Fast Track

Regular Evaluation

FunderPro’s Regular Evaluation allows traders to handle account sizes that range from $5,000 to $200,000. The goal is to find skilled traders who are successful and can effectively handle risk during the two-part assessment period. The Standard Assessment enables you to engage in trading with a leverage of up to 1:200.

In the first evaluation phase, traders must achieve a 10% profit target without exceeding their 5% daily loss limit or 10% overall loss limit. There are no specific rules about the minimum or maximum number of trading days in phase one. To move on to the next stage, you need to achieve the 10% profit goal while staying within the loss limits.

In the second evaluation phase, traders must achieve an 8% profit target without exceeding their 5% maximum daily loss or 10% maximum loss regulations. There are no specific minimum or maximum trading day obligations in phase two. To achieve funded status, you need to meet the 8% profit goal without exceeding the loss limits.

After completing both evaluation phases, you will receive a funded account with a minimum withdrawal threshold of $100. It is crucial to adhere strictly to the rules of limiting daily losses to a maximum of 5% and overall losses to a maximum of 10%. If you’re able to generate a profit, you can receive your first payout on the very first day. Additionally, you have the flexibility to submit withdrawals on a daily basis whenever you need them. You will receive a generous profit split ranging from 80% to 90%, depending on the profit you generate from your funded account.

Enhancements for FunderPro’s Standard Assessment include a splitting of profits by 90% and a Standard Assessment Scaling Strategy. If a trader has been successful in the past three months, earning a 10% return each month, they will qualify for a 50% increase in their account size.

• After three months: A skilled $100,000 account grows to $150,000.
• Following the next three months, a qualified account with an initial balance of $150,000 will grow to $225,000.
• Following the next three months, a qualified account of $225,000 will grow to $337,500.
• And the list goes on…

Standard Assessment Trading Guidelines & Goals:

• Profit Goal – Traders need to reach a specified profit percentage to complete an evaluation phase, withdraw earnings, or expand their trading account. The desired profit for Phase 1 is established at 10%, while Phase 2 necessitates achieving a profit goal of 8%.
• Maximum Daily Loss – The limit set for traders to prevent them from exceeding their account’s loss threshold in a single day of trading. Every account, regardless of its size, has a cap on the amount it can lose in a single day, which is set at 5%.
• Loss Limit – The limit on the amount a trader can lose without exceeding the account’s threshold. Every account, regardless of its size, has a cap on potential losses at 10%.
• Weekend Trading Restriction – Traders are not allowed to keep trades open over the weekend, so all trades must be closed before the market closes on Friday.
• Trading during high-impact news releases is strictly prohibited.
• The Consistency Rule requires traders to ensure consistency in multiple areas, including position sizes, risk management, losses, gains, and other factors. This suggests that the account outcomes should not show substantial differences in their attributes. It is advisable to ensure that the profits earned on your most successful trading day do not surpass 45% of your overall profits. (Applies to both Evaluation phases)

Fast Track

FunderPro’s Fast Track program offers traders the chance to handle account sizes that range from $5,000 to $200,000. The goal is to find skilled traders who are successful and can effectively handle risk during a comprehensive assessment period. With the Fast Track option, you have the opportunity to engage in leveraged trading at a ratio of up to 1:50.

In the evaluation phase, traders must aim to achieve a profit target of 14% without exceeding their 4% daily loss limit or 7% maximum loss threshold. There are no specific minimum or maximum trading day obligations in phase one. To achieve funded status, all you need to do is meet the 14% profit goal without surpassing the daily maximum or maximum loss limits.

After successfully finishing the evaluation phase, you will receive a funded account with a minimum withdrawal threshold of $100. It is essential to adhere strictly to the guidelines of limiting daily losses to a maximum of 5% and overall losses to a maximum of 10%. If you’re able to generate a profit, you can receive your first payout as early as day one. Additionally, you have the flexibility to submit withdrawals on a daily basis whenever you need them. You will receive a profit split ranging from 80% to 90%, depending on the profit generated from your funded account.

Additional features for FunderPro’s Fast Track

• Increased Leverage of 1:100
• 90% Profit Sharing
• Permissible News Holding

Fast Track Scaling Plan

Fast Track also offers a comprehensive plan for growth and expansion. If a trader has been successful in the past three months, earning a 10% return each month, they will qualify for a 50% increase in their account size.

• After three months, a qualified account with an initial balance of $100,000 has grown to $150,000.
• Following the next three months, a qualified account of $150,000 will grow to $225,000.
• Following the next three months, a qualified account of $225,000 will grow to $337,500.
• And so forth…

Trading Rules and Objectives for Optimal Efficiency

• Profit Goal – Traders need to reach a specific profit percentage in order to complete an evaluation phase, withdraw earnings, or expand their trading account. The desired profit goal during the evaluation phase is set at 14%. Funded accounts do not have any predetermined profit goals.
• Maximum Daily Loss – The trader’s allowable limit for losses in a single trading day without exceeding the account’s threshold. For the evaluation period, there is a cap on daily losses at 4% for all account sizes. Once the account is funded, the maximum daily loss limit increases slightly to 5%.
• Maximum Loss – The trader’s allowable limit for overall losses without exceeding the account’s threshold. For all account sizes, there is a cap on potential losses at 7% during the evaluation phase and 10% once the account is funded.
• Trading during high-impact news releases is strictly prohibited. This means that you are not allowed to make any new trades or close any existing trades on the specified instrument within 2 minutes before and after the announcement of specific news.
• The Consistency Rule requires traders to ensure consistency in multiple areas, including position sizes, risk management, losses, gains, and other factors. This suggests that the account outcomes should not display notable differences in their attributes. It is advisable to ensure that the profits earned on your most successful trading day do not surpass 45% of your overall profits. (Applies exclusively to the Evaluation phase)

Profit Splits

At FunderPro, traders enjoy a profit-sharing ratio of 80:20. Traders can retain 80% of their profits, while FunderPro will keep the remaining 20%. If traders maintain a steady and successful track record, they can qualify for a 50% boost in their account balance every quarter, with a maximum limit of $5 million.

The scaling strategy is accessible for challenge sizes of any magnitude. To expand a funded account, traders must consistently achieve a minimum of 10% profit each month for three consecutive months. After completing the Challenge and achieving a 10% profit for three straight months, traders become eligible for a generous 50% boost to their account balance.

FunderPro has formed a partnership with ThinkMarkets as their broker. ThinkMarkets is a top-tier multi-asset online brokerage with headquarters in London and Melbourne. They offer fast and convenient access to a diverse selection of markets, along with well-known trading solutions like MetaTrader 4, MetaTrader 5, and their proprietary ThinkTrader platform.

Trading Instruments

FunderPro has a partnership with ThinkMarkets, enabling you to engage in trading a diverse selection of instruments, such as forex pairs, commodities, indices, and cryptocurrencies. The leverage available can reach up to 1:200, depending on the specific instrument and evaluation you are involved in.

Trading Platforms

The company provides its clients with such well-known platforms as MetaTrader 4, MetaTrader 5, and ThinkTrader platform.

Trading Fees

Another aspect that we consider is the commission or spread applied to the trades themselves. According to FunderPro, the circumstances are highly beneficial because the broker offers a commission base of just three dollars per lot each round for commodities and currencies and zero dollars for indices, which is also lower than the industry average.

How to get started with FunderPro prop firm? That’s the next thing we’ll cover in the FunderPro brokers review prop firm. It is simple to do in a few steps:

• Sign up with FunderPro by completing the registration form with your personal information and accessing the trading dashboard.
• Select Your Account – Select your account category, account magnitude, and supplementary attribute.
• Select Your Preferred Payment Option—You can choose a credit/debit card or a cryptocurrency payment method.

FunderPro offers a unique opportunity to showcase your trading prowess, gain valuable experience, and potentially secure funding for your trading activities. This guide will walk you through the process of buying and starting a challenge with FunderPro, ensuring a smooth and straightforward experience.

1. Create an Account: Begin by creating an account on the FunderPro website. Provide the necessary details such as your name, email address, and password. Once registered, verify your email to activate your account.
2. Choose a Challenge: Navigate to the ‘Challenges’ section of the FunderPro website. Here, you will find various challenge options with different trading conditions and requirements. Select the challenge that best suits your trading style and goals.
3. Make the Payment: After selecting your challenge, proceed to the payment section. FunderPro offers multiple payment options, including credit/debit cards, bank transfers, and online payment platforms. Complete the payment process to confirm your participation in the chosen challenge.
4. Start Trading Once the payment is confirmed, you will receive the necessary details to start your challenge, including your trading account credentials and guidelines. Log in to your trading account and begin trading according to the rules and objectives of the challenge.

The company gladly accepts payments made with all major credit cards as well as various cryptocurrencies. When it comes to crypto payments, FunderPro prop trading firm offers a range of options for you to choose from:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Tether (USDT-ERC20)
• USD Coin (USDC-ERC20)

Customer Support on FunderPro Company

Traders looking for individualized help have multiple choices to contact FunderPro’s support team:

• Social Media: The support team is readily available on FunderPro’s social media platforms, offering an additional channel for inquiries and assistance.
• Email Communication: Traders seeking more comprehensive information or help can reach out to the support team through email at [email protected].
• Online Chat Assistance: If you need help right away, FunderPro provides a live chat support service that is accessible around the clock. This functionality guarantees that traders have access to immediate assistance and guidance whenever needed, enhancing the overall trading experience.

FunderPro’s extensive support system, which includes a FAQ section, multiple contact options, and round-the-clock live chat, demonstrates the firm’s commitment to ensuring traders are satisfied and successful.

Conclusion Review and Analysis About FunderPro Prop Firm

FunderPro, a reliable proprietary trading business, offers three financing programs: the two-step Regular and Swing Evaluations and the one-step Fast Track.

FunderPro’s Regular review is an industry-standard two-step review that must be completed before managing a funded account and earning 80% to 90% profit splits. Traders must make 10% in phase one and 8% in phase two to be financed. These trading goals are feasible given your 5% daily and 10% loss limits. In both assessment rounds, there are no minimum or maximum trading days so that you may trade at your speed. Last but not least, the Regular Evaluation offers a scaling strategy to boost your beginning account amount.

It takes two phases to maintain a funded account and make 80% to 90% profit splits using FunderPro’s Swing Evaluation, an industry standard. Traders must make 10% in phase one and 8% in phase two to be financed. These trading goals are feasible given your 5% daily and 10% loss limits. In both assessment rounds, there are no minimum or maximum trading days so that you may trade at your speed. Finally, the Swing Evaluation offers a scaling strategy to improve your original account balance.

After completing one level of FunderPro’s Fast Track, you may manage a funded account and earn 80% to 90% profit splits. Traders must make 14% profit to get funded. These trading objectives are feasible given your 4% daily and 7% loss rules during assessment and 5% daily and 10% loss rules if financed. You can trade at your speed during the assessment phase because there are no time limits. Finally, the Fast Track offers a scaling plan to raise your original account amount.

FunderPro is a reputed proprietary trading service that offers excellent trading conditions to a variety of traders with various trading styles. Their distinctive features include an infinite trading duration, no minimum trading day, a first withdrawal after funding, on-demand future payments, and many add-on options. After evaluating what FunderPro offers to traders globally, I believe that they are an excellent pick for anyone with a solid trading technique who wants to make steady regular gains.