Be Funding Review

Be Funding is a proprietary trading firm based in Sharjah, UAE, offering a range of programs for Forex and Synthetic Indices traders. The company provides leveraged accounts, instant funding options, and both 1-step and 2-step evaluation programs.

Be Funding Review

Summary

Be Funding is a proprietary trading firm that has established itself as a leader in the Forex and Synthetic Indices trading space. Based in Sharjah, UAE, the company offers a diverse range of trading programs designed to cater to both novice and experienced traders.

Be Funding Prop Firm
Be Funding Prop Firm

Be Funding’s offerings include leveraged accounts, instant funding options, and evaluation programs with both 1-phase and 2-phase structures. The firm provides account sizes ranging from $500 to $500,000, with the potential for traders to scale up to $1 million through their scaling plan.

One of Be Funding’s standout features is its flexible and trader-friendly approach. The company offers profit sharing up to 100% in some programs, accepts various trading styles including Expert Advisors (EAs) and High-Frequency Trading (HFT) in evaluation phases, and allows weekly withdrawals for certain programs. Their unique “Be Leverage” program, which multiplies the trader’s purchase by 10x, sets them apart in the competitive prop trading landscape. Additionally, Be Funding supports a wide range of tradable assets, including Forex, Spot Metals, Cryptocurrencies, Stocks, Indices, and Synthetic Indices.

Be Funding has built a strong reputation in the industry, boasting a presence in over 73 countries and having funded more than 30,000 traders. The firm has paid out over $3 million in trading commissions, demonstrating its commitment to trader success. Be Funding emphasizes transparency and compliance, operating under UAE regulations and providing clear terms and conditions for its programs.

The company also offers a free trial account, allowing potential traders to test their platform and trading conditions before committing. With its comprehensive offerings, flexible trading conditions, and focus on trader support, Be Funding positions itself as a reliable and attractive option for traders seeking funding opportunities in the proprietary trading space.

Let’s examine Be Funding’s specific features, conditions, and programs to gain a more comprehensive understanding of this prop firm’s offerings.

Pros
  • Diverse program options, including leveraged accounts and instant funding
  • Attractive affiliate program with increasing commission rates
  • Flexible trading conditions with no time limits in many programs
  • Focus on Synthetic Indices trading, offering unique opportunities
  • Acceptance of High-Frequency Trading (HFT) and various trading strategies
  • High profit-sharing percentages, up to 100% in some programs
Cons
  • Operates on a simulated trading environment, not real capital
  • Restrictions on certain trading strategies in the funded stage
  • Potential conflict of interest as the firm profits from evaluation fees
  • Limited information on the company’s regulatory status and track record
  • Refund policy doesn’t apply to traders using HFT, EA, or Copy Trading systems

Be Funding Review

Programs

Be Funding offers several proprietary trading programs designed to cater to different trading styles and preferences. Here’s an in-depth look at each program:

Forex Robotron EA

Be Leverage

Be Leverage is a unique program that allows traders to multiply their purchase by 10 times, offering accounts for both Forex and Synthetic Indices trading. The program provides account sizes ranging from $500 to $100,000, with prices starting at 50 USD for a $500 account and going up to 10,000 USD for a $100,000 account. All Be Leverage accounts come with a leverage of 1:33 and offer weekly withdrawals. The profit-sharing structure is progressive, with traders receiving 80% for their first withdrawal, 90% for the second, and 100% for the third. A minimum of 3 trading days is required per withdrawal, and there’s a 10% total reduction applied to the account.

Be Funding Leveraged Accounts
Be Funding Leveraged Accounts

Be Flash

Be Flash is a 1-phase program designed specifically for Synthetic Indices trading. It offers account sizes from $2,000 to $150,000, with prices ranging from 70 USD for a $2,000 account to 1,600 USD for a $150,000 account. This program provides unlimited trading time with a leverage of 1:100. The profit target is set at 8%, with a maximum drawdown of 10% and a daily drawdown limit of 5%. Be Flash features a progressive profit-sharing structure: 50%, 70%, 80%, and 90%. Payout days are set at 21, 21, 21, and 15 days respectively for each profit-sharing tier. The program includes a scaling plan up to $1 million and allows the use of EAs, news trading, and high-frequency trading (HFT). There are no minimum trading days required.

Be Funding Be Flash Accounts
Be Funding Be Flash Accounts

Be Fast

Be Fast is an instant funding program for Forex trading, offering account sizes from $10,000 to $500,000. Prices range from 120 USD for a $10,000 account to 3,690 USD for a $500,000 account.

Be Funding Be Fast Accounts
Be Funding Be Fast Accounts

All accounts come with a leverage of 1:100. The maximum drawdown is set at 8%, with a daily drawdown limit of 5%. Be Fast features the same progressive profit-sharing structure as Be Flash: 50%, 70%, 80%, and 90%, with payout days set at 21, 21, 21, and 15 days respectively. The program includes a scaling plan up to $1 million and allows the use of EAs and news trading.

Be Synthetics

Be Synthetics is a 2-phase program specifically for Synthetic Indices trading. It offers account sizes from $5,000 to $100,000, with prices ranging from 75 USD for a $5,000 account to 845 USD for a $100,000 account. This program provides unlimited trading time with a leverage of 1:100. It has a two-tier profit target of 10% and 5%, with a maximum drawdown of 10% and a daily drawdown limit of 5%. Be Synthetics offers a progressive profit-sharing structure of 60%, 70%, 80%, and 90%, with payout days set at 21, 21, 21, and 15 days respectively. The program includes a scaling plan up to $1 million, allows the use of EAs and news trading, and requires a minimum of 8 trading days.

Be Funding Be Synthetics
Be Funding Be Synthetics

Be Top Trader

Be Top Trader is a 1-phase program that combines Forex and Synthetic Indices trading. It offers account sizes from $5,000 to $200,000, with prices ranging from 300 USD for a $5,000 account to 4,000 USD for a $200,000 account. This program provides unlimited trading time with a leverage of 1:100. The profit target is set at 8%, with a maximum drawdown of 10% and a daily drawdown limit of 5%. Be Top Trader features a progressive profit-sharing structure of 50%, 70%, 80%, and 90%, with payout days set at 14, 14, 14, and 7 days respectively. The program includes a scaling plan up to $1 million and allows the use of EAs, news trading, and HFT. There are no minimum trading days required for this program.

Be Funding Be TopTrader
Be Funding Be TopTrader

Be Funding Review

Conditions

Be Funding offers various conditions for their trading programs. Let’s explore the key aspects of these conditions:

Drawdowns

Be Funding implements drawdown rules to manage risk and protect traders’ accounts. The maximum daily drawdown is set at 5% of the initial account balance or the highest equity point, whichever is higher. This limit resets each day at 00:00 PM Market Watch Time. The total drawdown limit varies between 8% and 10%, depending on the program. It’s a trailing metric that follows the highest balance or equity. For example, if you start with a $100,000 account, your maximum loss level will be set at $92,000 or $90,000. If your account balance or equity reaches $108,000 or $110,000, your trailing drawdown meter will be set at $100,000.

Forex Robotron EA

Payouts

Be Funding offers a progressive profit-sharing structure for their traders. The profit split varies depending on the program and the trader’s performance. For most programs, the profit share starts at 50% for the first payout period and increases to 70%, 80%, and finally 90% in subsequent periods. Some programs, like Be Top Trader, even offer up to 100% profit share in the final period. Payouts are typically processed within 72 business hours after a withdrawal request is made. Traders can withdraw their profits using USDT or USDC (on ERC-20 or TRC-20 networks) with a minimum withdrawal of 50 USD, or via bank transfer (for some countries) with a minimum of 500 USD.

Trading Days

Be Funding has specific requirements for minimum trading days before allowing withdrawals. The minimum trading days vary depending on the program. For Be Fast and Be Top Trader programs, traders need to complete at least 5 days of trading before requesting a withdrawal. For Be Flash and Be Synthetics programs, 8 trading days are required. If these minimum days are not met, the withdrawal request will be automatically rejected, and traders will be offered the option to start a new trading period.

Trading Strategies

Be Funding allows various trading strategies but has restrictions on certain approaches. In the evaluation phases, Be Funding has no commercial style restrictions and accepts all types of EAs, including HFT. However, in the funded stage, certain strategies are prohibited and subject to review. These include grid trading, martingale trading, latency arbitrage, hedging orders across multiple accounts, abusing news volatility, using delayed data feeds, copy trading among multiple users, and account management by third parties.

Scaling Plan

Be Funding offers a scaling plan to help successful traders increase their account size. Most of their programs include a scaling plan that allows traders to grow their accounts up to $1 million. This feature enables traders to potentially manage larger amounts of capital as they demonstrate consistent profitability and adherence to the program rules.

Refund

Be Funding provides a refund option for certain programs, subject to specific conditions. The company will refund the balance paid for the program in the first withdrawal made from the Be Funded account. However, if traders fail to make the first withdrawal, the refund will not be credited. It’s important to note that if traders pass the Be Flash, Be Synthetics, or Be Top Trader programs using an HFT, EA, or Copy Trading system, the refund does not apply.

Be Funding Review

Features

Maximum capital$500,000
Profit splitUp to 100%
ScalingYes
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialYes
Maximum leverage1:100
Be Funding Features

Be Funding offers several features to enhance the trading experience for its users. Let’s explore the key features of this prop firm:

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Platforms Offered

Be Funding offers traders access to two popular trading platforms:

MT4 & MT5 Platforms
MT4 & MT5 Platforms
  • MetaTrader 4 (MT4): This platform is available for the Be Fast Forex and Be Evaluation Forex programs. MT4 is widely used in the forex trading industry and is known for its user-friendly interface, advanced charting capabilities, and support for automated trading through Expert Advisors (EAs).
  • MetaTrader 5 (MT5): This platform is available across all Be Funding programs, including Be Flash Synthetics, Be Fast Forex, Be Synthetics, and Be Evaluation Forex. MT5 is the newer version of MetaTrader, offering enhanced features such as a wider range of timeframes, more technical indicators, and the ability to trade a broader range of financial instruments.

Dashboard

Be Funding provides traders with a user-friendly dashboard to manage their accounts and trading activities. The dashboard is accessible through the firm’s back office, where traders can find important information such as their referral link, account balances, and program details. It serves as a central hub for managing all aspects of their trading journey with Be Funding.

Support Offered

Be Funding provides comprehensive support through multiple channels to assist traders. The firm offers several communication channels, including live chat, a ticket system, email support, and even WhatsApp for certain inquiries. Customer service is available Monday to Friday from 7:00 am to 1:00 am EST, and Saturdays from 8:00 am to 4:00 pm EST. The ticket system provides 24/7 support with responses typically within 24 business hours.

Knowledge Base

Be Funding offers resources to help traders understand their programs and policies. The FAQ page itself serves as a comprehensive knowledge base, covering topics from how to start trading to specific program details, withdrawal processes, and trading rules. This information helps traders make informed decisions and navigate the firm’s offerings effectively.

Broker Integration

Be Funding operates as a prop firm, not a broker, but provides simulated trading conditions. The firm uses an external pricing provider to offer market conditions that simulate real trading environments. This allows traders to grow, learn, and earn commissions based on their performance in these simulated conditions.

Free Trial Account

Be Funding offers a free trial account, allowing potential traders to test their platform and trading conditions before committing. This feature is particularly useful for traders who want to assess the firm’s services before investing.

Clear Regulatory Framework

Be Funding is a registered entity in the United Arab Emirates, complying with all necessary laws and regulations. This transparency and adherence to regulatory standards provide traders with confidence in the firm’s legitimacy and reliability.

Wide Asset Range

Be Funding supports a wide range of tradable assets, including Forex, Spot Metals, Cryptocurrencies, Stocks, Indices, and Synthetic Indices. This variety allows traders to diversify their trading strategies and explore different markets.

Forex Robotron EA

Data Analyst Opportunity

Successful traders can become “data analysts” for the company. Their trading data can be monetized and used by Be Funding to generate profits in their own fund. This unique approach allows traders to earn higher commission rates (up to 90%) based on the value of their trading data.

Acceptance of High-Frequency Trading

Unlike many prop firms, Be Funding accepts High-Frequency Trading (HFT) in all their programs during the evaluation phase. This allows traders with automated strategies to participate in their funding opportunities.

Synthetic Indices Focus

Be Funding significantly emphasizes Synthetic Indices trading, offering multiple programs specifically designed for this market. This focus sets them apart from many prop firms that primarily deal with Forex and traditional markets.

Affiliate Program

Be Funding offers an attractive affiliate program for traders who want to earn additional income. Upon registration, users receive a unique referral link found in the REFERRAL section of their backoffice. The default commission rate is 5% for each purchase made by referrals. However, affiliates can increase their earnings by achieving higher sales volumes: 10 sales per month earns a 7.5% commission, while 20 sales per month boosts the commission to 10%. For those with larger communities, Be Funding provides an ambassador program with commissions on both direct and indirect sales. Commissions are added daily at 00:00 UTC and can be used to purchase new programs or withdrawn to external crypto wallets or bank accounts, with minimum withdrawal amounts of 50 USD for crypto and 500 USD for bank transfers. Payments are typically processed within 1 to 3 business days, excluding weekends and UAE holidays.

Be Funding Review

Conclusion

In conclusion, Be Funding offers a diverse range of prop trading programs with attractive features like high profit sharing, leveraged accounts, and a focus on Synthetic Indices. Their flexible conditions and unique offerings set them apart. Traders should carefully consider their preferred trading style and platform needs before joining. Overall, Be Funding presents an interesting opportunity for traders willing to navigate its unique program structure and potentially unclear aspects.

7Expert Score
Be Funding Rating

Be Funding is a proprietary trading firm based in Sharjah, UAE, offering a range of programs for Forex and Synthetic Indices traders. The company provides leveraged accounts, instant funding options, and both 1-step and 2-step evaluation programs.

Programs
8
Conditions
7
Features
6

Be Funding Review

FAQ

What is the minimum withdrawal amount for Be Funding?

The minimum withdrawal amount is 50 USD for crypto (USDT or USDC) and 500 USD for bank transfers.

Can I trade on weekends with Be Funding programs?

Yes, traders in the Be Flash Synthetics and Be Top Trader programs can trade on weekends.

How long does it take to receive funded account credentials after completing the evaluation?

Be Funding typically reviews accounts and sends funded account credentials within 24 business hours after completing the evaluation phase and KYC verification.

What is the KYC process for Be Funding?

Be Funding requires traders to complete a KYC/AML screening before moving to the experienced trader stage. This includes providing a photo copy of ID or passport and proof of residency.

How does Be Funding handle inactivity on challenge or assessment accounts?

Accounts that are inactive for 30 days on challenge or assessment stages are automatically terminated.
Be Funding Review
Be Funding Review
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