FunderPro Review
FunderPro is a proprietary trading firm that empowers traders to manage real capital with flexible conditions and a supportive environment. Offering a range of trading challenges tailored to different styles, FunderPro provides an 80/20 profit split, daily payouts, and the potential to scale accounts up to $5 million.
FunderPro Review
Summary
FunderPro is a prominent player in the proprietary trading industry. It offers traders the opportunity to manage significant capital with a focus on flexibility and support. The firm provides various programs tailored to different trading styles, including the Fast Track 1-Phase, Regular 2-Phase, and Swing 2-Phase challenges.
Each program is designed to accommodate traders’ unique needs, whether they are looking for a quick path to funding or a more structured evaluation process. With account sizes ranging from $5,000 to $200,000 and a generous 80/20 profit split, FunderPro ensures traders have the resources they need to succeed.
FunderPro’s commitment to real capital funding sets it apart from other prop firms, as traders operate with live accounts rather than simulated funds. This approach aligns the firm’s interests with its traders, fostering a mutually beneficial relationship. The platform’s innovative dashboard, powered by TradeLocker and integrated with TradingView, offers advanced charting tools and a user-friendly interface, making it easy for traders to focus on their strategies. Additionally, features like daily payouts, a scaling plan, and the ability to hold positions over weekends and during news events provide traders with the flexibility they need to execute their strategies effectively.
The firm’s supportive environment is further enhanced by its comprehensive customer support, available 24/7 through multiple channels. FunderPro’s dedication to providing a seamless trading experience, combined with its robust platform offerings, makes it an attractive choice for traders of all levels. Let’s look into the prop features and explore what FunderPro has to offer.
FunderPro Review
Programs
The programs offered by FunderPro are designed to cater to a wide range of trading styles and preferences, providing traders with the flexibility to choose a path that aligns with their individual goals and strategies. Below is a detailed look at each of the programs available:
Fast Track 1-Phase
The Fast Track 1-Phase program at FunderPro is designed for traders who wish to achieve funding quickly with minimal constraints. This program offers a straightforward evaluation process with only one phase to clear, making it an attractive option for experienced traders. Account sizes range from $5,000 to $200,000, providing flexibility based on the trader’s preference and risk appetite. The refundable fee ranges from $79 to $1099 depending on the account size, which is returned upon successful completion of the challenge.
Traders must achieve a profit target of 14% of the account size, with a maximum daily drawdown of 4% and an overall drawdown limit of 7%. Notably, there is no requirement for a minimum number of trading days, and the challenge duration is unlimited, allowing traders to progress at their own pace. The program features no restrictions on maximum lots, and traders can hold positions over weekends and during news events. Leverage is set at up to 1:50 for Forex, 1:10 for Metals, Oil, and Indices, and 1:2 for Crypto, offering ample flexibility for various trading strategies.
Regular 2-Phase
The Regular 2-Phase program provides a more traditional and structured evaluation process over two phases. This program is suitable for traders who prefer a comprehensive assessment before receiving funding. Account sizes are available from $5,000 to $200,000, with a purchasing fee starting at $79 to $1,099 for Phase 1, while Phase 2 is free. The profit target is set at 10% for Phase 1 and 8% for Phase 2.
The program enforces a maximum daily drawdown of 5% and an overall drawdown limit of 10%. Similar to the Fast Track program, there is no minimum trading days requirement, and the challenge duration is unlimited. However, unlike the Fast Track, the Regular 2-Phase program does not allow holding positions over weekends or during news events. Traders benefit from leverage up to 1:100 for Forex, 1:50 for Metals, Oil, and Indices, and 1:2 for Crypto, which supports a wide range of trading strategies.
Swing 2-Phase
The Swing 2-Phase program is designed for traders who prefer longer-term strategies and holding positions over extended periods. This program accommodates swing traders with account sizes from $5,000 to $200,000. The purchase fee starts at $89 to $1,199 for Phase 1, with Phase 2 offered at no additional cost. Traders must meet a profit target of 10% in Phase 1 and 8% in Phase 2, with both phases having a maximum daily drawdown of 5% and an overall drawdown limit of 10%.
There is no minimum trading days requirement, and the challenge duration remains unlimited, allowing traders to execute their strategies without time pressure. The program imposes a maximum limit of 10 lots, and traders can hold positions over weekends and during news events. Leverage is set at up to 1:30 for Forex, 1:10 for Metals, Oil, and Indices, and 1:1 for Crypto, providing the necessary flexibility for swing trading strategies.
FunderPro Review
Conditions
FunderPro offers a flexible and trader-friendly environment with conditions designed to accommodate various trading styles. Here’s a breakdown of the key conditions you can expect when engaging with FunderPro:
Drawdowns
FunderPro imposes specific drawdown limits to ensure effective risk management for its traders. The maximum daily drawdown is set at 5% for both the Regular and Swing Challenges, while it is 4% for the Fast Track Challenge. This means that a trader’s equity should not fall below these percentages from their starting balance on any given day. The overall drawdown is capped at 10% for the Regular and Swing Challenges and 7% for the Fast Track Challenge, calculated from the initial account balance. These drawdown limits are designed to protect traders from excessive losses and encourage disciplined trading practices.
Trading Days
One of the appealing aspects of FunderPro is the absence of a minimum trading day requirement. This flexibility allows traders to operate at their own pace without the pressure of meeting a specific number of trading days. As a result, traders can focus more on the quality of their trades rather than quantity, making strategic decisions without rushing into trades. This approach is particularly beneficial for traders who prefer to wait for optimal market conditions before executing their strategies.
Trading Strategies
FunderPro supports a variety of trading strategies, providing traders with the ability to hold positions over weekends and during news events, especially in the Swing 2-Phase challenge. However, it is important to note that news trading is generally restricted, so traders should be mindful of major news releases and plan their trades accordingly. This flexibility in trading strategies allows traders to tailor their approaches to their personal styles while adhering to the firm’s guidelines.
Scaling Plan
FunderPro offers an attractive scaling plan for traders who consistently meet performance targets. If the conditions of the scaling plan are met, a trader’s account balance can increase by 50% every three months, up to a maximum of $5 million. This feature is ideal for traders looking to grow their trading capital over time, providing an incentive for consistent performance and risk management.
Refund
FunderPro has a straightforward refund policy. Traders can request a refund if they have not activated or placed any trades on their account. If the account has been used or if the challenge is failed, a refund is not available. To withdraw from the contract, traders must send an email within 14 days, and all fees will be refunded using the same payment method. This policy ensures that traders have a clear understanding of the refund process and conditions.
FunderPro Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 80% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
FunderPro is packed with features designed to enhance the trading experience and support traders on their journey to success. Here’s a look at the standout features of this prop firm:
Dashboard
FunderPro offers an innovative dashboard experience designed to prioritize convenience and accuracy for traders. This all-in-one analytics solution is packed with the most important account data, allowing traders to focus more on chart analysis and less on administrative tasks. The dashboard is engineered to provide an intuitive funded experience, emphasizing user-friendliness and precision. Traders can access their accounts from anywhere, on any device, at any time, ensuring they’re always connected to their trading activities.
Platform Offered
FunderPro’s proprietary trading platform, TradeLocker, is at the core of their offering. TradeLocker is integrated with TradingView, providing traders with advanced charting tools and a superior charting experience.
This platform is built for speed and precision, optimized for both desktop and mobile use. TradeLocker allows traders to utilize customizable indicators for efficient market analysis and offers one-click trading functionality, enhancing the overall trading experience. The platform’s design focuses on equipping traders with the necessary tools to succeed in their challenges, ensuring accessibility and convenience whether trading from a desktop or on the go.
Daily Payouts and Profit Split
FunderPro stands out with its daily payout system and generous profit split. Traders can request payouts any time their funded account is at least $100 in profit, with no hidden rules or limitations. The firm allows for multiple payouts in a single day, providing traders with quick access to their earnings. FunderPro offers an 80% profit split, allowing traders to keep the majority of the profits they generate. This combination of frequent payouts and a favorable profit split makes FunderPro an attractive option for successful traders.
Reset and Retry Options
Understanding the unpredictable nature of markets, FunderPro offers traders the flexibility to reset or retry a challenge. Traders can reset their account at any time during Phase 1 (Evaluation) of their challenge, even if their profit/loss during the challenge is negative. This option is available at a discounted price, providing traders with multiple opportunities to succeed across different challenge types and account sizes.
Affiliate Program
FunderPro’s Affiliate Program allows traders to earn commissions by referring others to the platform. The program pays up to 20% commission, making it competitive in the industry. Affiliates receive a share of every sale made through their referral links, with weekly payouts available. The program includes real-time tracking of earnings and support from a dedicated affiliate manager, helping affiliates optimize their strategies.
Comprehensive Support
FunderPro prides itself on its customer support team, available 24/7 via email, live chat, or ticket submission. The support team is composed of industry experts who understand the needs of traders and can provide prompt and accurate assistance. This multilingual support ensures that traders can get help whenever they need it, contributing to a smooth trading experience.
Economic Calendar and Knowledge Base
To help traders stay informed, FunderPro provides an economic calendar filled with important market events and holidays. This tool is essential for building effective trading plans and managing risk during volatile periods. The calendar allows traders to stay up-to-date with real market events, enabling them to make informed decisions. Additionally, FunderPro offers a robust knowledge base, ensuring traders have access to the resources they need to succeed in their trading journey.
FunderPro Review
Conclusion
FunderPro offers a robust platform for traders looking to leverage real capital and benefit from an intuitive trading environment. With its innovative dashboard, real capital funding, and generous profit splits are standout strengths that make FunderPro appealing. The daily payouts and scaling opportunities further enhance its attractiveness for ambitious traders. However, while the lack of time limits and the option to reset challenges are great, traders should be mindful of the drawdown limits and the restrictions on news trading, which could impact certain strategies.
FunderPro Review
