FunderPro Review
5.0

FunderPro Review

Get funded with fair conditions, manage real funds with the help of top technology, and fulfill your financial goals.

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FunderPro 15% discount code: REVIEW15

FunderPro is a cutting-edge proprietary trading firm that is reshaping the way traders engage with financial markets. They provide opportunities for trading with reduced risks, opening doors for traders of all experience levels. Challenge has 2 phases and it ensures fairness between accounts. 

FunderPro Overview

FunderPro is a new prop firm that revolutionizes trader-market interaction. They are offering lower risk trading opportunities. With a possibility of earning high profit splits of 80:20 and managing up to $200,000 in accounts. FunderPro is partnered with a tier-1 liquidity provider that grants them direct market access as their broker.

Pros
  • Scale up to $5,000,000
  • 80% profit sharing
  • Weekly payouts or daily per request
  • No time restrictions
  • Overnight and weekend holding
  • Leverage up to 1:100
  • Wide range of assets (forex, commodities, indices, stocks, cryptocurrencies)
Cons
  • Higher profit targets
  • Credit card payments not yet available
  • Currencies: Only USD

Is FunderPro Legit? Who are the Owners? 

FunderPro is a private company founded in February 2023 in Malta. They have a strategic partnership with a top-tier liquidity provider, which allows them direct access to the market as their broker.

FunderPro is created by Red Acre Group. Red Acre Group’s expertise lies in fintech and blockchain technology. As they stated: Their main goal is to minimize business challenges and develop sustainable strategies and platforms for long-term success.

The FunderPro office address is: 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta. The CEO is Gary Mullen.

Funding program options

FunderPro offers 5 funding accounts. The evaluation program account allows you to trade with 1:100.

Funderpro Funding Program

Challenge Evaluation Requirements

Daily 5% Drawdown Explained

With a 5% daily drawdown rule, you should never lose more than 5% of your current account size. For example, if you have a $100,000 account, your maximum daily loss should not exceed $5,000. 

The 10% Overall Drawdown Limit

Your overall loss can’t go over 10% of your account size at any given time. That means if you’re trading with a $100,000 account, your total loss can’t go above $10,000.

Profit Targets 10% and 8% 

The profit targets in the 2-phase challenge depend on your account size. In phase 1, aim for a profit target of 10% of your account size with no time limit. Once you achieve that, move on to phase two and strive for an 8% profit target, again with no time limit.

Consistency is Key: The 60% Rule

This rule ensures consistent profits and lowers risk. Rule is: No single-day profit should be more than 60% of the total challenge account profits. 

Evaluation Program Scaling Plan for $100k & $200k Accounts

You need to reach a profit target of 10% or more within 3 months. 2 out of 3 months need to be profitable. When this happens, you receive an increase of 50% of the original account balance.

Example:

Based on a 50% growth rate, here is an example of the account balance progression:

After 3 months:

If you have a $100,000 account, your account balance will increase to $150,000.

  • After the next 3 months: The balance of $150,000 increases to $225,000.
  • After the following 3 months: The balance of $225,000 increases to $337,500.
  • After the next 3 months: The balance of $337,500 increases to $506,250.

Evaluation Program Rules for Trading Success

FunderPro has clear and concise evaluation program account rules. 

  1. Reach your profit target: Phase 1 requires a 10% profit target, while phase 2 sets a goal of 8%. Funded accounts have no profit targets to meet.
  2. Stay within limits: The maximum daily loss is capped at 5%. Maximum overall loss limit is 10%.
  3. Meet trading requirements: Both phases need a minimum 5 trading days. Once you have a funded account, there are no minimum trading day requirements.
  4. No high-impact news trading rule: this rule forbids trading during high-impact news releases. Close all open positions 2 minutes before these releases happen for the associated symbols/assets.
  5. Stay consistent: You need to have balanced loss and gain ratios. You can’t have more than 60% profit in a single day compared to the overall account profit.

What makes FunderPro different from other prop firms?

FunderPro is different from most of the industry-leading prop firms in many ways. First one being that they  never regulate your trading style. You can trade during news, except high-impact news releases, and hold trades overnight and during the weekends.

The FunderPro evaluation program is a 2-phase evaluation program. The profit target is 10% in phase one and 8% in phase two, with a 5% maximum daily and 10% maximum loss rules.

You are also required to trade for a minimum of 5 days in each phase before getting funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have no maximum time limitations on both evaluation phases and achievable profit targets.

Which broker does FunderPro use?

FunderPro collaborates with one of the top brokers in the industry: OspreyFX. They provide traders access to high-quality liquidity from top investment banks. 

With fully transparent dark pool liquidity execution spaces, traders can enjoy narrow spreads starting from 0.0 pips. Your trading orders will be handled through an authentic ECN trading setting.

Trading instruments

FunderPro offers a range of tradable assets including major currency pairs, cross currency pairs, exotic currency pairs, leading indices, commodities, cryptocurrencies, and precious metals.

Trading fees

  • $25,000 in funds: $249 refundable fee
  • $50,000 in funds: $349 refundable fee
  • $100,000 in funds: $549 refundable fee
  • $150,000 in funds: $749 refundable fee
  • $200,000 in funds: $989 refundable fee

FunderPro Free Trial 

FunderPro takes paper trading to the next level by combining education with real-world incentives. Start with a Free Trial Account, test strategies, learn how the market works, and see profits. 

How to Pass the Challenge on FunderPro

FunderPro’s First Funded Trader on How to Pass the Challenge – with CEO Gary Mullen

How Can You Withdraw Profits

You can request payouts every day.They will process your payment usually within 8 hours.

What Makes You Eligible for a Payout:

Your first payout request can be made as soon as your balance goes above $100 in profits. This will be calculated on equity gain made from the previous payout

Since FunderPro Funded Accounts are STP, your profits are made in the real market (not simulated). This allows you to request payouts at any time, even daily. 

Available Payment Methods

You can withdraw your profits in BTC directly into your wallet. Traders need to have verified accounts to receive payouts. After you request the payout, a confirmation email will be sent, so look out for it. FunderPro is researching adding more currencies in the future. 

Support

24/7 Customer Support. You can get immediate assistance anytime, anywhere from your Trader’s Portal. There is also a multi-lingual support available.

Verdict

FunderPro has a user-friendly interface and strong track record. It stands out as a reliable option for funding traders. 

FunderPro, launched in 2023, is a thriving platform with an estimated 10k+ registered users. With a straightforward registration process that doesn’t require KYC, FunderPro provides a hassle-free experience for traders. It offers a diverse range of trading instruments including commodities, forex pairs, indices, stocks, and cryptocurrencies.

Traders can enjoy the benefits of leverage ratios of 1:100 for Forex and Crypto, and 1:200 for Metals, Indices, and Energies. The platform supports multiple trading platforms such as TradeLocker, Mt4, and MT5, ensuring flexibility and convenience for users.

With a profit split of 80/20 in traders advantage, traders get the maximum earning potential. FunderPro has a maximum balance limit of $200,000, promoting responsible trading practices.

FunderPro is a promising platform. It offers various trading assets, competitive pricing, and strong support and educational channels. 

5.0
Licensing & Safety
5.0
Markets
5.0
Bonuses & Promotions
5.0
Customer Support
5.0 Overall Rating

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FunderPro Review
5.0/5