Fortunes Funding Review

With the Fortunes Funding program, you can get funded quickly with no minimum trading days required and capital up to $500,000 with an 80-90% profit share if you pass the 2-phase evaluation process.

Fortunes Funding Review

Summary

Fortunes Funding is a prop trading firm that is looking for seasoned traders. They developed a simple 2-Phase review process to identify if a trader has what it takes to get a funded account. Traders that pass the evaluation are given the opportunity to join the Fortunes Funding Proprietary Trading Firm, where they can remotely manage funds and continuously expand their account thanks to the scaling strategy. You are entitled to keep 80-90% of the money you make as a Fortunes Funding Trader. Any losses are fully covered by the company.

Fortunes Funding Website
Fortunes Funding Website
Pros
  • Funded account up to $500,000
  • Generous profit share of 80-90%
  • No minimum trading days
  • Unlimited retries
  • Leverage of 1:100 on forex
  • MetaTrader 5 platform
  • Expert advisors allowed
  • News trading, overnight trading, scalping and weekend holding allowed
  • Achievable profit targets
  • Refundable evaluation fee
  • Very handy trader dashboard
Cons
  • 2-stage evaluation
  • Do not have the MT4 platform
  • Partner with an unregulated broker
  • Crypto trading not allowed on funded accounts
  • No free trial

Fortunes Funding Review

Programs

In order to get access to a funded account and trade the prop firm’s capital, you will need to pass the 2-step evaluation process. There are 5 different account types to choose from with the only difference being the size of the account and fee that is refundable if you successfully pass. A 2 phase challenge is pretty normal, with the exception of some prop firms like UProfit who have a single step 10 day evaluation.

Account Size$10K$25K$50K$100K$200K
Trading Period40 days40 days40 days40 days40 days
Minimum Trading Days0 days0 days0 days0 days0 days
Trading Leverage1:100 Max1:100 Max1:100 Max1:100 Max1:100 Max
Max Daily Loss5%5%5%5%5%
Max Overall Loss10%10%10%10%10%
Profit Target9%9%9%9%9%
Refundable Fee$109$179$329$479$949
Fortunes Funding Programs

Phase 1

This is the evaluation process’s first phase. To enter Phase 2, you must succeed here. Show off your trading prowess and self-control by adhering to the trading goals. Phase 1 must be completed within 40 days with no drawdown violations in order to pass. The profit target is 9%.


A minimum of 0 trading days are necessary for you to trade. You do not have to wait for the remaining period days if you are able to complete the trading aim sooner. For instance, there is no need to wait another 39 days if you complete the trading objectives of Phase 1 in just one day. As quickly as possible, you will be moved on to Step 2.

Your maximum daily loss (drawdown) will be 5% of your daily beginning amount or equity (whichever is higher). They factor in all floating losses and earnings when determining drawdown. The equity of the trading account may not be less than 90% of the opening balance.

Phase 2

This is the following and final step to a funded account with Fortunes Funding. You will be given the opportunity to trade for the proprietary trading firm after Phase 2 and when your results have been confirmed.

The profit target must be reached within the allotted 80 days with no drawdown violations in order to move on to Phase 2. The profit target is 4.5% which is relatively low compared to the industry standard. You can trade with up to 1:100 leverage for forex currency pairs.

A minimum of 0 trading days are necessary for you to trade. You do not have to wait for the remaining period days if you are able to complete the trade objectives sooner. For instance, there is no need to wait another 79 days if you complete all of the trading objectives of Phase 2 in just one day. As soon as they can, they will advance you to Fortunes Funding.


Your maximum daily loss (drawdown) will be 5% of your daily beginning amount or equity (whichever is higher). They factor in all floating losses and earnings when determining drawdown. The equity of the trading account may not be less than 90% of the opening balance.

Fortunes Account

You have now successfully completed both evaluation phases and are a Fortunes Funding Funded trader. Trade ethically and consistently, and you’ll get paid 80-90% of your profits every two weeks. There is no profit target goal. When you first receive a profit split as a funded trader through Fortunes Funding, the initial fee for the evaluation phase is returned to you.

There are no necessary minimum trading days. Your maximum daily loss (drawdown) will be 5% of your daily beginning amount or equity (whichever is higher). They factor in all floating losses and earnings when determining drawdown. The equity of the trading account may not be less than 90% of the opening balance.

Fortunes Funding Review

Conditions

Trading Strategies

Fortunes Funding are quite lenient when it comes to the trading strategies that they allow. You are able to hold positions overnight and during the weekend. Swing trading, scalping and hedging are acceptable.


Unfortunately, some tactics are not allowed since they are considered “cheating” and violate the terms of use policy. Be aware that regardless of the account’s state, any tactic that makes use of the demo environment will cause it to be closed.

Examples of forbidden tactics are provided below:

  • Martingale
  • Hedging between accounts
  • Tick scalping
  • Signal trading
  • Reverse arbitrage
  • Guaranteed limit orders
  • Data feed manipulation
  • Trading on delayed charts
  • Grid Trading
  • Account management
  • Latency arbitrage
  • High-frequency trading
  • Macroeconomic trading during high impact reports and being filled at an unrealistic price due to the volatility

The most popular methods deemed to be “cheating” are included in the list above, but it is not limited to them.

Copy Trading

You are allowed to replicate into your personal account or another trading account for a prop business using your Fortunes Funding account as a master account.

  • Traders may copy trades from their personal accounts to Fortunes Funding.
  • Traders are not allowed to copy trades to other trader accounts.
  • Traders are allowed to copy to, and between, Fortunes Funding Accounts

Please be aware that the transactions copied from an external account to a Fortunes Funding account must be executed by the account’s owner.


Any use of account management, copy trading service, or “pass your challenge” services will be regarded as a violation or breach.

Expert Advisors

They allow automated trading with expert advisors (EAs). Please make sure the prop firm EA you’re using doesn’t make you alter your investor or trading password because doing so will automatically violate or breach your account.

Any EA that complies with live market requirements and can be duplicated using live money is welcome. Your Fortunes Funding account is not permitted to use the following types of EAs since they cannot be duplicated under real-time market conditions:

  • Latency arbitrage
  • Reverse arbitrage
  • Signal trading via copy trader
  • Account management via copy trader belonging to a 3rd party
  • Tick scalping
  • Hedge arbitrage
  • High-frequency
  • Data feed manipulation
  • Emulators

News Trading

During both Phase I and Phase II of any of the challenges, news trading is permitted. They do, however, have news limits for the opening and closing of market orders as well as any take profit or stop loss orders that are triggered inside this 4-minute window while you are trading a Funded Account tied to live capital. All FX, Metals, and Indices instruments fall under this.

You can receive a maximum of two warnings (soft breaches), after which any gains you gained from transactions performed during the constrained 4-minute timeframe will be deducted. The account will be completely compromised after the third infraction.


Profit deductions are carried out on the first working day after the infringement. The trader is accountable for any deductions that lead to a breach of the daily or maximum loss limits.

To be clear, it won’t be a blatant infringement if you solely exchange news on challenge accounts. You should be aware that slippages do occasionally happen and that the trader is ultimately accountable if one results in a breach of the maximum drawdown regulations.

Because the trades may not really complete or may full and result in a loss once connected to the Proprietary Trading Firm’s live capital account, they cannot guarantee any gains produced during such high-risk news events and cannot shield you from any losses incurred.

As it is the proper method to manage your capital, it is preferable to avoid trading the precise instruments involved by high-impact news releases.

Maximum Drawdown (Challenge)

The overall drawdown may not exceed 10%. Hence, for both open and closed transactions, including fees and swaps, the account equity cannot drop below 90% of the starting account value.


The Max Overall Drawdown limit, for instance, would be $10,000 if your beginning amount was $100,000. This means that the equity in your account cannot go below $90,000.

In the event of a drawdown violation, you will fail the evaluation and be required to open a new account. If you violate the Max Overall Drawdown limit, your trading account will be terminated and you will no longer be able to use that account to advance in the programme.

Maximum Daily Loss (Challenge)

The maximum daily loss (drawdown) from your previous day’s closing balance or equity will be 5% of your beginning amount (whichever is higher).  

Each day at 5:00 PM Eastern Time, your Max Daily Loss equity level will be updated depending on your closing day (server time) balance or equity (whichever is higher).

Your account will automatically fail/breach if the daily drawdown cap is exceeded, and you won’t be able to use that account to make any further trades.


The maximum daily loss will be 5% ($5,000) if your account starts off with $100,000. Your daily loss limit equity level (the equity level at which your account breaches) will be $97,000 if your closing day balance or equity (whichever is larger) is $102,000. Gains generated during the trading day will serve as a safety net and have no impact on your daily loss limit equity level.

Maximum Drawdown (Funded Account)

The overall drawdown may not exceed 10%. Hence, for both open and closed transactions, including fees and swaps, the account equity cannot drop below 90% of the starting account value.

The Max Overall Drawdown limit, for instance, would be $10,000 if your beginning amount was $100,000. This means that the equity in your account cannot go below $90,000.

In the event of a drawdown violation, you will fail the evaluation and be required to open a new account. Your trading account will be closed if you break the Max Overall Drawdown restriction, and you won’t be able to use that account to continue in the programme after that.

Maximum Daily Loss (Funded Account)

The maximum daily loss (drawdown) from your previous day’s closing balance or equity will be 5% of your beginning amount (whichever is higher).


Each day at 5:00 PM Eastern Time, your Max Daily Loss equity level will be updated depending on your closing day (server time) balance or equity (whichever is higher).

Your account will automatically fail/breach if the daily drawdown cap is exceeded, and you won’t be able to use that account to make any further trades.

The maximum daily loss will be 5% ($5,000) if your account starts off with $100,000. Your daily loss limit equity level (the equity level at which your account breaches) will be $97,000 if your closing day balance or equity (whichever is larger) is $102,000. Gains generated during the trading day will serve as a safety net and have no impact on your daily loss limit equity level.

Payout

The default payout ratio for all Fortunes Funding Traders is 80:20, but they do not consider an 80% share to be the limit. Your Fortunes Funding Account balance will be increased by 25% if you satisfy the requirements of the scaling plan, and the payout ratio will immediately change to a generous 90:10, allowing you to withdraw your gains every 14 days.

After receiving funding, all Fortunes Funding Traders have 21 days to request payout. Payment processing takes 48 hours. Payouts will be every 21 days from the first day of trading in the payout cycle. Ensuring that you get paid when you want is their top focus. Payouts are conducted via Deel.


Scaling Plan

They want traders to have access to the most capital. You can scale your account balance by 25% after three months of trading if you’ve made at least 6% in earnings on your funded account and executed at least two withdrawals during that time. Every three months, this can be done.

This means the following benefits:

  • Your account balance will be increased by 25% of your initial balance.
  • You will qualify for 90% payouts.
  • You will qualify for requesting withdrawals every 14 days.
Starting BalanceFirst Scaling BalanceSecond Scaling BalanceThird Scaling BalanceFourth Scaling Balance
50K62.5K75K87.5K100K
100K125K150K175K200K
200K250K300K350K400K
500K625K750K875K1M
Fortunes Funding Scaling Plan

Accounts

Members of Fortunes Funding are permitted to have a combined total of $500k in active challenge accounts and $500k in active funded accounts.

You will only be reimbursed for funded accounts that have not yet been traded if you trade more than $500k in active funded accounts at any given time.

You won’t get a refund and your account will be breached if the funded account that pushes you over the $500k active funded account maximum limit has been exchanged.


Please be aware that the Maximum Capital Allocation has no impact on the Scaling Plan.

After they have finished the challenge phase and have received all of their funding, challenge accounts may be combined. If your account satisfies the requirements listed below, you may request a merge:

  • Two or more accounts at the initial balance
  • Have not breached any drawdown limit
  • Have not violated any trading rules

Once the aforementioned requirements are satisfied, a trader may submit a merging request by email or via live chat. They permit a maximum account merge of $500,000.

Retry

The possibilities and trades you make may change since, as we all know, markets don’t move consistently in the same direction. Thus, they provide limitless free retries. This implies that you will have the option of starting your challenge from Phase 1 all over again.

A trader must fulfil the requirements listed below in order to be qualified for a free retry:

  • End Phase 1, or Phase 2, above, or at the initial balance.
  • Have not breached neither the Daily Drawdown or Max Drawdown rule.

If the aforementioned requirements are satisfied, you are eligible for a free attempt where you will begin the challenge from Phase 1.

Fortunes Funding Review

Features

Brokers

Fortunes Funding use Air FX who are an unregulated broker that is not very well known. They are an A-Book only broker that places all trades on the ECN which does mean tight spreads and rapid trade execution speeds.

Air FX
Air FX

The lack of regulation might be off putting to some funded traders. If you would prefer to trade with a regulated broker, then you can consider another prop firm such as The Funded Trader and SurgeTrader. They both partner with the reputable Eightcap brokerage firm.

Platforms

You can trade on the popular and user-friendly MetaTrader 5 (MT5) platform with this prop firm. MT5 is the industry standard forex trading platform that is fully loaded with plenty of trading tools to conduct in-depth market analysis in order to make informed trade decisions. It has a fully customisable and intuitive user interface with everything just a few clicks away.

MetaTrader 4
MetaTrader 4

If you would prefer to use the older MT4 platform, then you might want to consider Funded Trading Plus as an alternative prop trading firm. They have both the MetaTrader 4/5 platforms and also use Eightcap as their partner brokerage.

Instruments

Any instrument that is offered for trading on your trading platform is permitted. Some examples of this are forex, commodities, indexes, and cryptocurrency. The commission is $15 per lot which is above the industry average. Some prop firms charge much less commission, including Blue Guardian Capital with $7 commission per lot round turn. Please note that Crypto trading is not allowed on Funded Accounts.

You can trade with leverage of up to 1:100 on forex, 1:50 on commodities including gold, 1:50 on indices and 1:5 on crypto. This is generally high leverage compared to other prop firms, but does come with increased risk if you are not careful. Trade a lot size too high and you can end up breaching the drawdown rules.

Trader Dashboard

To keep track of your challenge in real-time, including your accounts, drawdown limits, profit objectives, trade history, account performance, payment requests, and more, you need to use the trader’s dashboard.

You must have an active account or have already purchased a challenge with Fortunes Funding in order to access the trader’s dashboard. Together with your MT4 or MT5 credentials, your dashboard credentials are also supplied.

Maximum capital$500,000
Profit split80-90%
ScalingYes
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialNo
Maximum leverage1:100
Fortunes Funding Features

Fortunes Funding Review

Conclusion

Overall, Fortunes Funding is a decent prop trading firm with a simple 2-phase evaluation process that has achievable goals and flexible trading conditions. You can get access to a funded account up to $500,000 with a competitive profit share of 80-90%. They have the powerful MT5 platform with a good variety of financial instruments across different asset classes for trading with leverage up to 1:100 and tight spreads. If you pass the evaluation phase without breaking any of the rules, the initial fee is refundable. The trader dashboard gives a convenient way to keep track of everything and to ensure that you are reaching your objectives.

On the other hand, their partner broker is not regulated and they do not have the MT4 platform which many forex traders still prefer over MT5. The commission fee is quite high at $15 per lot. There is no option for instant funding like there is with ForexPropFirm.Com. They could also improve by adding some educational resources and market analysis to assist traders.

If you can see pass these limitations and are looking very a prop trading firm with a basic offering, then Fortunes Funding are certainly worth consideration. However, there are some better options out there in terms of the initial cost, profit share, platforms and fees.

8Expert Score
Fortunes Funding Rating

With the Fortunes Funding program, you can get funded quickly with no minimum trading days required and capital up to $500,000 with an 80-90% profit share if you pass the 2-phase evaluation process.

Programs
8
Conditions
8
Features
8

Fortunes Funding Review

FAQ

What platforms can I trade on?

Fortunes Funding provide the MetaTrader 5 platform only.

Can I hold trades over the weekend?

Yes, weekend trading is allowed.

What financial instruments can I trade?

You can trade forex, commodities, indices and crypto.

Can I have more than one account?

You are permitted to open active accounts with a beginning balance of up to $500,000. If both of the accounts being merged have balances equal to their initial balances, they can be combined into one financed by Fortunes Funding account.

Do Fortunes Funding use live accounts?

No, every account is a demo. They will provide you access to a demo account with virtual money even after you become a funded trader. This account will be linked to their Master Account, which executes transactions on the live market in accordance with the trades funded traders execute using copy software. This industry standard method enables them to manage risk considerably more skillfully. They anticipate funded traders to conduct trading and account management in a live environment.

Do they allow expert advisors (EAs)?

Yes, you are allowed to use automated trading systems.

When will I receive my account after purchasing?

Once your money has been made, processing new challenge (Phase 1) accounts and sending out your information takes less than five minutes. Phase 2 accounts take 36 to 48 business hours to complete since an automatic evaluation of the account is performed during that time to make sure there were no infractions on the account.

What leverage is available?

All accounts offer 1:100 leverage on forex pairs. The following is the leverage on other instruments:

1:50 – Gold & Commodities
1:50 – Indices
1:5 – Crypto

Is there a lot size limit?

Throughout Phases I and II of the Fortunes Challenge, there are no restrictions on lot size. For Live Accounts, there is an Aggregate Lot Size Limit for each symbol group. This implies that you will be limited to the following exposure levels for each instrument group:

Forex Pairs: Aggregate limit of 10 Lots.
Indices: Aggregate limit of 5 Lots.
Metals: Aggregate limit of 5 Lots.

What payment methods do they accept?

They accept payments via credit card and cryptocurrency.

Are there any country restrictions?

They don’t impose limitations on traders depending on where they live or are from. You are invited to sign up for a challenge and become the next funded trader if you are capable of passing our challenge and becoming financed.

Are there any age restrictions?

Yes, the minimum age to participate in any of the funded programs is 18 years of age or older.

What is the verification process?

They need that you authenticate your identity and pass the KYC/AML screening before they provide any funded accounts or any form of payment. The screening process for the majority of applications is straightforward, and verification can take as little as 5 minutes.

Within 24 to 48 business hours of completing the KYC/AML screening and being validated, you will get a funded agreement delivered to you. Your account will be funded the following Sunday after the agreement has been completed.

Can I scale my account if I am a successful trader?

You will be eligible to scale your account balance after three months of trading on your funded account if you have made 6% or more in earnings and have executed at least two withdrawals during that time.

When does my funded challenge officially begin?

As you make your first trade, the challenges officially start. For instance, you may start your challenge three months after buying it by making your first transaction.

Your account will be disabled if it is inactive for more than 90 days. To regain access, get in touch with the prop firm via live chat or email and ask for fresh account information.

When will you receive your payouts?

Prior to getting their first reward, traders must have their Fortunes Funding account open for 21 days. This indicates that after 21 days from their initial trading day, all funded members may seek a payment. Starting on the first day of trading in the payment cycle, payouts will occur every 21 days. Payouts are made via Deel.
Fortunes Funding Review
Fortunes Funding Review
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Prop Trading Firms

ProprietaryFirms.com is a website dedicated to reviewing prop trading firms. With an increasing demand of aspiring traders who are looking to get a funded account, there are more and more prop trading firms popping up nowadays. We can help traders to find the prop firms that meet their needs.

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