Whether you are already a successful trader, or looking to become a prop trader, FunderPro can help you achieve your goals. In this FunderPro review, we’ll explore the funding options, trading rules, fees, and more, ensuring you have all the necessary information at your fingertips. So, let’s dive in!
What Is FunderPro?
Founded in 2023, this proprietary trading firm in Malta enables traders to handle accounts up to $200,000. Led by CEO Gary Mullen, FunderPro stands out by scrapping complex trading rules and allowing traders ample time to complete a two-phase evaluation.
How It Works
FunderPro has developed an innovative two-phase evaluation program designed to identify disciplined and consistent traders who can effectively manage risk while achieving specific profit targets.
In Phase One, traders aim to reach a 10% profit target without exceeding a 5% maximum daily loss or 10% total loss. The beauty of this phase lies in its unlimited trading period, allowing traders to trade at their own pace and take their time to meet the goals.
After trading for a minimum of five days, successful participants move on to Phase Two. In Phase Two, the profit target is reduced to 8%, while the drawdown rules remain the same.
To further ensure steady profit growth, FunderPro implements a “Consistency Rule,” which means no single day’s profit should constitute more than 60% of the total profits achieved throughout the challenge.
This approach encourages sustained progress and moderates risk for traders. Once traders successfully complete both evaluation phases, adhering to all rules and demonstrating consistent trading, they become FunderPro traders. This grants them access to a funded account within the proprietary trading platform, where they can freely explore their preferred trading strategies without constraints.
Pricing and Account Sizes
FunderPro caters to traders of all levels by offering a wide range of account sizes, ensuring there’s an option to suit everyone’s trading needs and budget. You can choose from four different account sizes, ranging from $25,000 to $200,000, with corresponding fees starting at $250 for the $25k account and going up to $995 for the $200k account.
Each account option provides a leverage of 1:100, allowing traders to enhance their trading power. To add to the appeal, FunderPro offers a free trial, granting traders the opportunity to explore their platform before making a commitment.
The flexibility doesn’t end there, consistent and profitable traders can experience exponential growth with FunderPro’s Scaling Plan. Participants of the $100k and $200k challenges who consistently achieve a 10% profit target over three months are given the chance to increase their account balance by 50% every three months, potentially reaching an impressive $5 million.
FunderPro offers a diverse selection of tradable assets, presenting traders with a wide array of options to explore. Among the assets available are forex and cryptocurrencies, stocks, indices, metals, and energies.
FunderPro places a strong emphasis on delivering a secure and dependable trading environment, which is reflected in their carefully adjusted leverage levels for specific instruments. This approach enables traders to comfortably hold positions overnight and during the weekend.
For forex and cryptocurrencies, traders can take advantage of a maximum leverage of 1:100, while metals, indices, and energies provide even greater flexibility with a leverage ratio of 1:200. Stocks, on the other hand, have a maximum leverage of 1:20, offering traders different risk management options based on their trading preferences and asset choices.
FunderPro Review: The Pros & Cons
- FunderPro offers an impressive maximum scaling balance of up to $5,000,000 providing traders with substantial growth potential.
- Traders benefit from an attractive 80% profit split, allowing them to retain a significant portion of their earnings.
- Weekly payouts ensure that traders have access to their profits in a timely manner, promoting a seamless trading experience.
- FunderPro’s platform imposes no maximum trading period limitations, granting traders the flexibility to execute trades without time constraints.
- The prop firm permits overnight and weekend holding, enabling traders to hold positions beyond regular trading hours for potential profit opportunities.
- Unlike many competitors, news trading is allowed on the platform, allowing traders to capitalize on market-moving events and news releases.
- The platform boasts a wide variety of tradable instruments, encompassing forex pairs, commodities, indices, stocks, and cryptocurrencies.
- Some traders might find the profit targets set by FunderPro to be above average, potentially posing a challenge for certain trading styles and risk preferences.
- As a relatively new proprietary trading firm, FunderPro may have limited available reviews or feedback compared to more established competitors, which could make it harder for traders to gauge its reputation and track record.
FunderPro presents itself as a promising option for traders seeking the best funded stock trading accounts and a chance to thrive in the world of prop trading firms. The wide range of tradable assets, generous profit splits, and flexible leverage options provide ample opportunities for traders to explore various strategies and financial instruments.
Click here to take action and discover how FunderPro can empower you in your trading endeavors.