Funded Nation Review
Funded Nation is a Singapore-registered proprietary trading firm that offers traders the opportunity to manage up to $1 million in virtual funds, with flexible evaluation programs and profit splits up to 90%, supporting various trading styles and providing 24/5 live support.
Funded Nation Review
Summary
Funded Nation is a Singapore-based proprietary trading firm that offers traders the opportunity to manage virtual funds up to $1 million. The company stands out in the prop trading industry with its generous profit-sharing model, offering traders up to 80-90% of the profits they generate. This structure is designed to create a mutually beneficial relationship between the firm and its traders, fostering an environment where skilled traders can thrive without risking their own capital.
The firm offers two main evaluation programs: the Golden Visa Program and the Jet Set Citizen Program. These programs cater to different trader profiles, with account sizes ranging from $10,000 to $200,000. The Golden Visa Program is a two-phase evaluation scheme, while the Jet Set Citizen Program offers a streamlined, single-phase evaluation. Both programs are designed to assess traders’ skills and risk management abilities thoroughly before granting access to funded accounts.
Funded Nation provides a flexible trading environment, allowing various trading styles including news trading, expert advisor usage, and holding positions overnight and over weekends. The firm supports popular trading platforms like MetaTrader 4 and MetaTrader 5, as well as their own Match-Trader platform, which offers advanced features and TradingView chart integration.
One of Funded Nation’s unique features is its 125% refund policy on evaluation fees for traders who successfully pass the challenges. This, combined with no time limits on evaluation phases and a scaling plan for successful traders, makes Funded Nation an attractive option for both novice and experienced traders looking to prove their skills and trade with significant capital.
The company emphasizes transparency and trader support, offering 24/5 live assistance and a comprehensive FAQ section on their website. While they don’t provide extensive educational resources, their focus on clear communication and support demonstrates their commitment to trader success.
Let’s look into the prop features and see how they align with the needs of today’s traders.
Funded Nation Review
Programs
Funded Nation offers two distinct proprietary trading programs designed to cater to different trader profiles and preferences: the Golden Visa Program and the Jet Set Citizen Program. Let’s dive into the details of these programs and see how they align with different trader profiles.
Golden Visa Program
The Golden Visa Program at Funded Nation is a two-phase evaluation scheme designed to rigorously assess traders’ abilities and risk management skills. In the first phase, known as the Eligibility Stage, traders must achieve a 10% profit target while adhering to a daily drawdown limit of 5% and a maximum drawdown of 10%, with no restrictions on the number of trading days. Upon successful completion, traders advance to the Verification Stage, where the profit target is reduced to 5%, but the drawdown limits remain the same.
This structured approach allows traders to demonstrate their consistency and skill over a more extended period. Once both phases are successfully completed, traders become Virtual Fund Managers, trading with Funded Nation’s capital and earning an 80% profit split. The program offers account sizes ranging from $5,000 to $100,000, making it suitable for traders who prefer a thorough and gradual evaluation process.
Jet Set Citizen Program
The Jet Set Citizen Program is tailored for experienced traders seeking a faster pathway to funded trading. This program features a single-phase evaluation, requiring traders to achieve a 10% profit target while maintaining a daily drawdown limit of 3% and a maximum drawdown of 6%. There are no restrictions on the number of trading days, allowing traders to progress at their own pace. After passing this evaluation, traders advance to the Virtual Fund Manager stage, where they trade with the firm’s capital and enjoy an 80% profit split. The Jet Set Citizen Program offers the same range of account sizes as the Golden Visa Program, from $5,000 to $100,000. This program is ideal for confident traders with proven strategies who can deliver results quickly and efficiently.
Smart Visa 3-step program
Funded Nation’s Smart Visa 3-step program is a structured evaluation process designed to assess and develop traders’ skills before granting them access to larger funded accounts. The program consists of four stages: Eligibility, Verification, Consistency, and Immigrated, with account sizes ranging from $5,000 to $100,000. Traders must meet specific profit targets, ranging from 6% in the Eligibility stage to 4% in the Consistency stage, while managing risk with a maximum loss of 6% and daily loss of 3%.
The program allows for weekend holding and offers leverage of 1:50 in the initial stages, reducing to 1:30 in the Immigrated stage. Upon reaching the Immigrated stage, traders are rewarded with an 80/20 profit split, retaining 80% of their profits. This program provides a gradual and disciplined approach for traders to prove their skills and consistency before accessing a funded account with profit-sharing, catering to different trading preferences and risk tolerances with its range of account sizes.
Funded Nation Review
Conditions
Understanding the trading conditions at Funded Nation is crucial for any trader looking to join. Here’s an overview of the key conditions that define the trading environment at Funded Nation.
Drawdowns
Funded Nation uses drawdown limits as a risk management tool to protect both the trader and the firm’s capital. In the Golden Visa Program, the daily drawdown limit is set at 5%, meaning that the trader’s account equity cannot decrease by more than 5% in a single day. The maximum drawdown is 10%, which is the total allowable decrease in account equity from the starting balance or its highest point. This setup encourages traders to manage their risk effectively over time. In the Jet Set Citizen Program, the daily drawdown is stricter at 3%, and the maximum drawdown is 6%, reflecting a more conservative risk approach. These drawdown limits are calculated based on equity, which includes both open and closed positions, ensuring that traders maintain a disciplined approach to risk management.
Payouts
Funded Nation offers an attractive payout structure that rewards successful traders generously. Once traders complete the evaluation stages and become Virtual Fund Managers, they start with an impressive 80% profit split. This means they keep the lion’s share of their trading profits, with Funded Nation retaining only 20%. But it gets even better – top-performing traders have the opportunity to scale up their profit split to as high as 90%, based on consistent performance and adherence to risk management guidelines. This scalable model provides a strong incentive for traders to excel and maximize their earnings. When it comes to actually getting paid, Funded Nation keeps things flexible, offering various payout methods including bank wire transfers, cryptocurrencies, and services like Wise. This combination of high profit splits, potential for increased earnings, and convenient payout options makes Funded Nation an appealing choice for serious traders looking to turn their skills into substantial profits.
Trading Days
One of the standout features of Funded Nation is the absence of time limits on their evaluation phases. Traders are not pressured to achieve the profit targets within a specific timeframe, allowing them to trade at their own pace and style. This flexibility is particularly beneficial for traders who prefer a more conservative approach or those who want to take their time to analyze market conditions before entering trades. The lack of time constraints also reduces the stress associated with meeting strict deadlines, enabling traders to focus on making well-informed trading decisions rather than rushing to meet a specific target. By providing this flexibility, Funded Nation demonstrates their understanding of the diverse trading styles and preferences of their clients, fostering a more accommodating and supportive trading environment.
Trading Strategies
Traders at Funded Nation are given considerable freedom in their trading strategies. The firm supports various trading styles, including scalping, swing trading, and position trading. Additionally, traders can engage in news trading and use expert advisors (EAs) to automate their strategies. The ability to hold positions overnight and over the weekend further enhances strategic flexibility, allowing traders to capitalize on long-term market movements without being forced to close positions prematurely.
Scaling Plan
Funded Nation offers a structured scaling plan that allows successful traders to grow their account sizes over time. Every three months, traders have the opportunity to scale up their account by 25%, but it’s not automatic – you’ve got to earn it and request it manually. To be eligible, you need to achieve an overall profitability of 10% in the three-month period and make at least three withdrawals, demonstrating consistent profitability. If you meet these criteria and your request is approved, your account size will increase by 25%, giving you more capital to trade with and potentially boost your earnings. This scaling plan rewards consistent performance and smart risk management, aligning with Funded Nation’s goal of supporting skilled traders. It’s a great way to grow your trading capacity, but remember, with larger account sizes comes greater responsibility, so make sure you’re ready for the challenge before scaling up.
Refund
A standout feature of Funded Nation is their 125% refund policy on the evaluation fee for traders who successfully pass the evaluation phases. This refund not only covers the initial cost but also provides an additional incentive, effectively rewarding traders for their success. This policy underscores Funded Nation’s commitment to supporting and encouraging skilled traders.
Funded Nation Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Funded Nation equips its traders with a range of features designed to support their trading journey. Let’s explore the standout features that make Funded Nation an attractive choice for traders.
Trading Platforms
Funded Nation offers its traders access to the Match-Trader platform, a comprehensive trading solution developed by Match-Trade Technologies. Traders can utilize Match-Trader for their evaluation phases and live trading once they become funded traders. The platform provides an all-in-one experience as a web, mobile, and desktop application, with a user-friendly interface and seamless integration with TradingView charts.
Match-Trader caters to Forex and Prop trading, making it an ideal fit for Funded Nation’s offerings. It includes built-in challenge features, an account dashboard for prop traders, and access to various trading instruments, including Forex pairs, cryptocurrencies, indices, and commodities. By providing access to Match-Trader, Funded Nation equips its traders with a powerful and continuously evolving trading solution that aligns with the needs of modern traders.
Support Offered
Funded Nation understands the importance of timely and reliable support for traders. They offer 24/5 live trader support, ensuring that assistance is readily available during trading hours. This support covers a wide range of topics, including account-related queries, technical issues, and general trading guidance. Traders can reach out to the support team through various channels, such as live chat, email, or phone, depending on their preference and the urgency of their request. The knowledgeable support staff is dedicated to providing prompt and helpful responses, enabling traders to resolve any issues quickly and focus on their trading activities. This comprehensive support system demonstrates Funded Nation’s commitment to ensuring a smooth and satisfactory trading experience for their clients.
Legal and Transparent Operations
Funded Nation is registered in Singapore, a globally recognized financial hub known for its stringent regulatory environment. This registration provides legal assurance and transparency, enhancing the firm’s credibility and trustworthiness among traders.
Knowledge Base
Funded Nation takes a straightforward approach to trader education and support by offering a comprehensive FAQ (Frequently Asked Questions) section on their website. This FAQ serves as the primary resource for traders, covering a wide range of topics related to their trading programs, conditions, and processes. It’s designed to address common queries about account types, trading rules, evaluation processes, profit targets, drawdown limits, and payout procedures. While Funded Nation doesn’t provide extensive educational materials like video tutorials or webinars, their focus on a detailed FAQ demonstrates their commitment to offering clear, accessible information to traders. This approach allows both prospective and current traders to quickly find answers to their questions, helping them navigate Funded Nation’s offerings more effectively without needing to contact customer support for every inquiry.
Leverage
Funded Nation offers flexible leverage options, with a maximum leverage of up to 1:100. This means that traders can control positions worth up to 100 times their account balance, amplifying their potential profits. However, it’s crucial to note that high leverage also increases the risk of significant losses, so traders must exercise caution and employ proper risk management techniques. The availability of high leverage allows traders to capitalize on smaller price movements and potentially generate larger returns, but it also requires discipline and a solid understanding of the risks involved. Funded Nation provides traders with the flexibility to choose the leverage that aligns with their trading style, risk tolerance, and market conditions. By offering a range of leverage options, Funded Nation caters to the diverse needs of traders, from conservative to more aggressive approaches.
Funded Nation Review
Conclusion
In wrapping up this deep dive into Funded Nation, it’s clear they’ve got some solid strengths. They offer flexible trading programs with generous profit splits and the chance to scale up your account, which is a big win for traders looking to grow. The Match-Trader platform is a robust tool for both evaluation and live trading, and their 24/5 support ensures you’re not left hanging when you need help. However, keep in mind that while their FAQ is handy, the lack of broader educational resources might leave some traders wanting more guidance. Plus, the manual request for scaling up could be a bit of a hassle if you’re not on top of it. Overall, Funded Nation seems like a promising option for traders ready to prove their skills and take advantage of what they offer, but just be sure you’re comfortable with their setup and ready to make the most of their opportunities.
Funded Nation Review
