In the ever-changing financial landscape, Forex trading has become a prominent path for savvy investors. With its potential for high returns and global accessibility, many traders and investors aspire to become prop traders in this dynamic market.
But venturing into the dynamic world of Forex trading can present challenges, particularly for traders seeking funding to kickstart or expand their trading journey. That’s where Fortunes Funding emerges as a potential solution.
Fortunes Funding embraces a competitive profit-sharing model, offering an enticing 80% of the profits back to the traders, creating a lucrative system that not only rewards success but also encourages personal growth in the journey to become a prop trader.
This Fortunes Funding review will give you a clear picture of what the prop firm offers for those aspiring to become prop traders.
What Is Fortunes Funding?
Fortunes Funding is a prominent forex prop firm, actively seeking experienced traders to join their community. They employ a 2-tier evaluation process to assess trader skills for prop trading opportunities.
Founded by experienced traders, the platform offers a supportive environment and leverages advanced technology. Fees for challenges are refundable upon the first profit split. Fortunes Funding provides diverse trading instruments, leverage options, and accepts cryptocurrency payments for seamless payouts.
Fortune Funding Features
- Diverse Funding Options: Choose from multiple funding packages, catering to various trading strategies and risk preferences.
- Flexible Risk Management: Benefit from tools and resources for effective risk management, optimizing trading strategies and mitigating losses.
- Multiple Payment Options: Pay with credit cards and a range of cryptocurrencies like Bitcoin, Litecoin, and more.
- Advanced Trading Technology: Utilize cutting-edge trading platforms and real-time market data for efficient and informed decision-making.
- Professional Support: Receive personalized guidance, support, and mentorship from experienced professionals to enhance trading skills.
- Forex Pairs and Metals: Trade a wide range of currency pairs and metals, providing diverse trading opportunities.
How It Works
Fortunes Funding, a forex prop firm, offers two challenge types: one-phase and two-phase.
One Phase Challenge:
- Traders manage accounts from $5,000 to $200,000.
- Unlimited days to achieve a 10% profit target.
- Max daily loss of 3%, max loss limit of 6% of initial balance.
Two Phase Challenge:
- Account sizes up to $300,000.
- Meet profit targets without drawdown violations.
- Max daily loss of 5%, overall max loss limit of 10%.
- No minimum trading days required for progression.
Getting funded involves meeting criteria, application, and documentation submission. Prohibited strategies include Martingale, hedging between accounts, and high-frequency trading. Copy trading is allowed within specific limits.
Fortunes Funding Review: The Pros & Cons
- Traders can manage up to $300,000, empowering them with significant capital to trade.
- Utilizes a 2-tier evaluation process accommodating diverse trading styles, providing equal opportunities for traders.
- Offers an impressive 80% profit share, giving traders a substantial cut of their earnings.
- Equips traders with the latest trading technology and mobile apps, enhancing their trading experience.
- Challenge fees are refundable after the first profit split, reducing the financial burden on traders.
- Accepts multiple payment methods, including cryptocurrencies, ensuring convenient and flexible transactions.
- EA’s (Expert Advisors) allowed, permitting traders to utilize automated trading strategies for enhanced efficiency.
- Traders have the flexibility to hold positions over weekends, enabling them to capitalize on market movements.
- There are no minimum trading days required to pass the evaluation stages, granting traders greater freedom.
- Funded traders receive 80% of their earnings every two weeks, ensuring regular and consistent payouts.
- There is no limit on how many times traders can retry their challenges if they fail them, offering ample opportunities for improvement.
- Evaluation accounts start at only $109 (refundable fee), making it accessible for traders with lower budgets.
- Challenge participation fees can be high for larger accounts, potentially restricting access for some traders.
- Minimum active participation of 21 days is required before the first payout, which may delay earnings access.
- Leverage levels may be low for certain instruments, like cryptocurrencies, affecting potential profitability.
The cost of participating in Fortunes Funding’s challenges varies depending on the challenge type and account size. For the one-phase challenge, traders can join with prices starting at $65 for a $5,000 account and going up to $975 for a $200,000 account. The breakdown for the one-phase challenge is as follows:
- $5,000 account: $65
- $10,000 account: $105
- $25,000 account: $195
- $50,000 account: $295
- $100,000 account: $515
- $200,000 account: $975
The two-phase challenge offers prices ranging from $69 for a $5,000 account to $1,419 for a $300,000 account. Here’s the breakdown for the two-phase challenge:
- $5,000 account: $69
- $10,000 account: $109
- $25,000 account: $179
- $50,000 account: $329
- $100,000 account: $479
- $200,000 account: $949
- $300,000 account: $1,419
Fortunes Funding stands out as one of the best prop trading firms in the market, offering a unique and comprehensive approach to funding aspiring traders. With their 2-tier evaluation process and generous profit share of 80%, they empower traders to showcase their skills and grow their accounts effectively.
For those seeking the best funded stock trading accounts and an opportunity to prove their trading prowess, Fortunes Funding emerges as a top contender. Don’t miss the chance to embark on your trading journey with a trusted and reputable firm.
Click here to explore Fortunes Funding and take the next step towards achieving your financial goals.