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First Class Forex Funds Review

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First Class Forex Funds is a US-based proprietary trading firm established in 2022. They provide simulated forex trading evaluations with virtual capital, offering a 2-Step Evaluation, with account sizes from $25,000 to $200,000.

Prop Trading Firms

April 15, 2026

First Class Forex Funds is a proprietary trading firm that offers simulated forex trading evaluations. Founded in 2022 and based in the United States, the firm provides traders with virtual capital to demonstrate their skills without risking personal funds. They offer two main programs: a 1-Step FirstClass Evaluation and a 2-Step Evaluation, with account sizes ranging from $25,000 to $200,000.

The firm utilizes MetaTrader 4 and MetaTrader 5 demo platforms for trading, with a maximum leverage of 1:100. Successful traders can earn up to 90% profit splits and have opportunities for account scaling. First Class Forex Funds emphasizes risk management and consistent performance in their evaluation process. However, it’s important to note that the firm is currently unregulated, which potential traders should consider when evaluating their options.

First Class Forex Funds also offers additional features to support traders in their journey. These include a user-friendly dashboard for tracking performance, comprehensive customer support, and educational resources through their FAQ section. The firm’s flexible approach to trading strategies, combined with opportunities for account growth and increased profit splits, creates an attractive proposition for traders at various skill levels.

Let’s examine the specific features, conditions, and programs offered by First Class Forex Funds to better understand what sets this prop firm apart in the industry.

First Class Forex Funds offers a 2-Step Evaluation Program designed to assess traders’ skills and risk management abilities in a simulated trading environment. 

The 2-Step Evaluation program is available in four account sizes:

• $200,000 account, priced at $985
• $100,000 account, priced at $525
• $50,000 account, priced at $315
• $25,000 account, priced at $205

Each account size has its own set of profit targets and risk parameters. In Phase 1, traders must achieve a virtual profit target of 10% within 30 calendar days, while adhering to a daily loss limit of 3% and a maximum loss limit of 12%. Upon successful completion of Phase 1, traders advance to Phase 2, where they must reach a virtual profit target of 7% within 60 calendar days, following the same risk management rules. Traders are required to complete a minimum of 5 simulated trading days in each phase. By offering a variety of account sizes and a structured evaluation process, First Class Forex Funds caters to traders with different experience levels and risk appetites, providing them with an opportunity to showcase their skills in a simulated environment before potentially managing real funds.

First Class Forex Funds has established a set of conditions to ensure fair and responsible trading. Let’s examine each of these conditions in detail.

Drawdowns

First Class Forex Funds implements two types of drawdown limits to manage risk effectively. The daily drawdown limit is set at 3% of the initial account balance. This means that if a trader’s account value drops by 3% or more from the starting balance within a single trading day, their evaluation or funded account will be terminated. Additionally, there’s an overall drawdown limit of 12% of the initial account balance. If at any point during the evaluation or funded account phase the account value falls to 88% or less of the starting balance, the account will be closed. These drawdown rules are designed to protect both the trader and the firm from excessive losses.

Payouts

The payout structure at First Class Forex Funds is designed to reward consistent performance. Traders receive their first payout 30 days after their initial trade, with subsequent payouts processed every 30 days thereafter. The minimum payout amount is set at $100. Initially, traders receive a 75% profit split, but this can increase up to 90% based on consistent trading performance over time. It’s important to note that all transaction fees associated with payouts are the responsibility of the certified client. This payout system encourages long-term profitability and aligns the interests of the trader with those of the firm.

Trading Days

First Class Forex Funds requires a minimum number of trading days to ensure that traders are actively managing their accounts. For the 2-Step Evaluation program, traders must complete a minimum of 5 full trading days in each phase. Once a trader reaches the certified account phase, they are required to trade for at least 10 days each month. This requirement helps to prevent sporadic or overly aggressive trading and encourages a more consistent approach to the markets.

Trading Strategies

While First Class Forex Funds allows for a variety of trading strategies, including the use of Trade Copiers, Risk Management Tools, and third-party Expert Advisors (EAs), there are certain restrictions in place. The firm prohibits the use of High Frequency Trading, Martingale EAs, copy trading of other people’s signals, tick scalping, and arbitrage trading. Additionally, traders are not allowed to use the same strategy or set files as another trader. These rules are in place to ensure fair trading practices and to prevent potential manipulation of the evaluation system.

Scaling Plan

First Class Forex Funds offers opportunities for account growth based on consistent performance. Traders who maintain profitability, consistently achieving the 10% virtual profit target for four consecutive months while adhering to all rules, may be eligible for a virtual increase in their Certified Simulated Account. Furthermore, the profit split can increase from the initial 75% up to 90% based on consistent trading performance over time. This scaling plan incentivizes long-term success and provides traders with the opportunity to manage larger accounts as they demonstrate their skills.

Refund Policy

First Class Forex Funds offers a refund option for traders who have not yet begun trading. If a trader requests a refund within 7 days of registration and has not initiated any trades, they may be eligible for a refund. However, it’s crucial for traders to review the full Refund Policy for specific details and conditions. This policy provides flexibility for traders who may have changed their minds or circumstances shortly after registration.

First Class Forex Funds offers a range of features to support traders in their journey. Let’s dive into what they bring to the table.

Trading Platform

First Class Forex Funds provides traders with access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both in demo versions. These platforms are widely recognized in the forex industry for their advanced charting tools, technical indicators, and user-friendly interfaces. The MT4 and MT5 demo accounts are designed for practice purposes, allowing traders to familiarize themselves with the platform’s features, test trading strategies, and gain experience without risking real money.

Both platforms are accessible on various devices, including desktop computers, smartphones, and tablets, providing flexibility and convenience to traders. The use of these demo platforms aligns with First Class Forex Funds’ commitment to offering a simulated trading environment that mimics real market conditions without the financial risk.

Dashboard

The First Class Forex Funds dashboard is where all the action happens. It’s a user-friendly interface that gives you a bird’s-eye view of your account performance, trading statistics, and important notifications. You can easily track your progress towards profit targets, monitor your drawdown limits, and keep an eye on your trading days. The dashboard also allows you to request payouts and access important account information, making it a one-stop-shop for managing your trading journey.

Support

Customer support is a key feature at First Class Forex Funds. They offer a chat icon in the bottom corner of their website, allowing traders to get in touch with the support team quickly and easily. For more detailed inquiries, traders can reach out via email at support@firstclassforexfunds.com. The support team is there to help with any questions about the evaluation process, account issues, or general trading queries.

Knowledge Base

First Class Forex Funds doesn’t explicitly mention a dedicated knowledge base on their website, they do provide a comprehensive FAQ section. This FAQ covers a wide range of topics, from general questions about the evaluation process to specific details about trading conditions and account management. It’s a valuable resource for traders to find answers to common questions and understand the rules and requirements of the program.

Bonus Opportunity

Traders have the chance to receive up to a 100% bonus of their simulated challenge fee. This bonus is available for manual trading only and is awarded after consistent performance and verification by the First Class Forex Funds team.

Broker Integration

First Class Forex Funds emphasizes that they are not a broker. Instead, they provide a simulated trading environment that copies real market data and clearing from liquidity providers. This setup allows traders to experience market conditions similar to live trading, but in a risk-free, virtual environment. Integrating real market data ensures that traders can develop and test their strategies under realistic conditions.

In conclusion, First Class Forex Funds offer a unique proposition in prop trading. Their fully simulated environment allows traders to test and refine strategies without risking real capital while earning actual rewards. The firm’s strengths lie in its straightforward drawdown rules, flexible trading strategies, and opportunities for account growth and increased profit splits. However, restrictions on certain trading strategies might limit some traders. Overall, First Class Forex Funds provide a solid platform for traders to develop their skills and potentially earn rewards, making it particularly appealing for those looking to test their strategies in a low-risk environment. 

First Class Forex Funds Review

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