FundYourFX Review
FundYourFX is a prop firm that offers instant funding up to $1,750,000, a profit split up to 70%, refundable fees and provides zero loss liability.
FundYourFX are a prop trading firm that fund traders who are looking to leverage their trading skills to maximise their earning potential. If you feel like you have the right trading strategy with good money management, you can apply for their instant funded trader program and start earning a share of any profits from your trading. Traders get up to 70% of profits, whilst the company claim to donate 10% of their share to charity which is not something you will find with other prop firms.
About
FundYourFX discovered early on that the majority of available funding programmes are not very alluring to skilled traders. Either you must trade on a practise account for a very long time, or you must pay a fee in the tens of thousands of dollars to access any real money. A professional trader wants to be able to trade with real money right away, share profits fairly, and not be held responsible for any potential losses.
As a result, the idea for FundYourFX was formed. The best Funded Trader Program available is what they strive to provide. They work to maintain transparency so that both the company and the traders can benefit. The prop firm are engaging with institutional clients across the broad spectrum of finance to provide the financing. They reward your effort and success with an eye on your advantage because honesty and fairness are fundamental to the company ideals.
Financial inclusion for all is their simple and encompassing objective. Everyone has access to funds through FundYourFX’s network of cutting-edge businesses, enabling anyone to trade and invest in the financial markets. They continually work to improve traders and want to be the most reliable, secure, and cutting-edge trading resource available. The company are aware of how trust works; it can be hard to earn but also simple to lose. Trust is earned via their duties and ongoing efforts to deliver outstanding service and products to consumers by acting morally.
The FundYourFX everyday business philosophy is that it must be advantageous to all parties involved. They favour long-term partnerships over quick gains. Customers place a great deal of trust in FundYourFX when they decide to open a funded account and trade with them. They take their responsibility to act in clients’ best interests seriously. They think that each person is special and has particular talents and gifts. Hence, it is everyone’s responsibility to reach their maximum potential, which FundYourFX will support by providing possibilities for training, service, and implementation.
Demo trials and trader challenges are not something that FundYourFX require. If your interview goes well and you are approved, you immediately begin using a live account. Unlike most other prop trading firms, before beginning to trade with a live account, you are not required to complete a challenge. ForexPropFirm.com also provide instant funding accounts as an alternative option to consider.
Process
There is a simple 4-step process to getting a FundYourFX account which goes as follows:
- Apply for the program
- Process the Fees
- Start Trading
- Get Paid
Instant Funding
FundYourFX have always provided live accounts. They think that trading with a live account right away is the greatest approach to test your trader mindset and assess your performance. FundYourFX will set you up with a Live Trading Account as soon as you pay for the funded trading programme.
They will boost your trading capital each time you make a 10% profit if you follow the Trading Guidelines. FundYourFX are the only instant funding prop firm funding traders up to $1.75M and up to 70% profit split.
Starter
Get a funded account with a $6,000 beginning balance that has the potential to grow to $500,000.
- $6,000 Starting Balance
- Up To 70% Profit Share
- No Risks included
- Personal Support
- Refundable Fee
Standard
Get a funded account with a $15,000 opening balance that has the potential to grow to $1,000,000.
- $15,000 Starting Balance
- Up To 70% Profit Share
- No Risks included
- Personal Support
- Refundable Fee
Professional
Get a funded account with a $30,000 beginning balance that has the potential to grow to $1,750,000.
- $300,000 Starting Balance
- Up To 70% Profit Share
- No Risks included
- Personal Support
- Refundable Fee
Risk management and adhering to the trading rules are essential for your success with FundYourFX. Your account will be closed and you won’t be eligible for the profit share if you ever use open or limit orders to break one of the trading rules. Your account will stop being available for trading, but any open deals won’t be instantly liquidated.
Your financed trading account must be reset in order to receive funds moving forward. No matter what your account balance was at the time of the breach, your account will be reset to its starting value. The reset prices vary depending on the chosen plan (Starter £97, Standard £197, Professional £397). You can contact the team right away if you break any rules so that they can reset your funded account for you to restart.
Trading Strategies
You can get more freedom to trade at any time of day using any trading method or style. They provide you the option to trade the news, hedge your positions, and leave trades open overnight and during the weekend. You are even permitted to utilise your own expert advisors (EAs). This includes trade copiers, tools for managing risk, and auto-trading bots. The key thing is to make sure you are following the risk management rules, your trade is legal and adheres to market conditions.
Payout
If you adhere to the trading guidelines, you will be paid up to 70% of all gains immediately once you reach a 10% profit. Your specified payment method is automatically used for the payout. The frequency of payments will be weekly. Your present capital will be used to pay you 10% of your profit, and any additional profit will be added to your newly raised total as new profit.
For example, after you reach a 10% profit with a $15,000 beginning capital, you will be compensated and the profit will be split 50/50. You will be paid once more when you reach another 10% of the new sum, which will be $22,500. In level 5, instead of receiving 50% of the profit, you will receive 70% after your funding amount reaches $125,000.
You only need to complete a short form online to request your profit share. The completion of payouts takes 1-2 business days. Your chosen payment method is automatically used to make the payout. Moreover, withdrawals are totally free.
Scaling
They will reward you by gradually increasing the size of your funded account if you show consistency. You do not need to put your money at risk as you will never be responsible for any losses. They will gradually boost your account balance after the initial profit split until it reaches $1.75M.
Your Live-Account will begin with the size that corresponds to your plan (Starter $6,000, Standard $15,000, Professional $30,000). They will raise the Funded Trade Balance each time you make a profit of 10%. During two days, the increment will always be made automatically.
Example: The trader’s $15,000 account generates a 10% profit in the first month of trading. The funded account will be increased to $22,500 and the profit split will be made within two days.
Before financing the accounts, the team will analyse all trading activities whenever a trader achieves a profit of 10%. Your account won’t be eligible for funding if they discover backdated Rule violations.
Fees
Depending on the plan chosen, there is a one-time setup fee (Starter £147, Standard £297, Professional £577). The charge covers risk management and analytics software, licence costs, account setup, and administrative expenses. Nevertheless, this cost is refunded following your fifth profit split. Thus, they will reimburse your setup price five times when you reach 10% profit.
They expect traders to bear some of the upfront costs of dealing with them, just as they share gains with all of their traders. Working with them has no additional charges save the one-time setup charge.
Profitability
At FundYourFX, they think it’s important to provide traders enough time to reach their financial objectives. As they finance traders instantaneously with real money and are not responsible for any losses, it is only fair that they anticipate them to be profitable. It must be a win-win circumstance for the business and the trader. The prop firm assume all of the risk, so they anticipate that the traders will use the funds they give for them profitably and in compliance with the rules.
FundYourFX respectfully advise traders at levels 1-4 to aim for 10% profitability over a 90-day period in order to qualify for payments. But don’t worry, they will increase your time window to a generous 180 days after you hit level 5 and earn your fifth profit share. This increases your chances of succeeding and achieving your goals.
Position Size
The maximum trade size applies only to Level 1 to Level 4 traders. There won’t be any restrictions on how much you can trade after you achieve level 5 and receive your fifth profit share.
The maximum lot size for Forex and cryptocurrency is 0.1 lot per 2,000 USD, calculated based on the account balance rather than each deal. The maximum lot size for commodities and indices is 0.01 lot per 2,000 USD. A trader may trade forex, cryptocurrencies, commodities, and indices all at once, but they must be careful not to go over the maximum lot size for both forex and non-forex trading. Every time the balance goes below the starting balance, the lot size must be changed.
- Example: A $15K account can trade up to 0.75 lots of Forex or Cryptocurrency
- Example: Maximum trade size for $15K Account is 0.075 lots on Commodities/Indices:
- Example: A $15K Account has the ability to trade 0.5 Lots of Foreign Exchange ($10,000) and 0.025 Lots of Gold ($5,000)
Your account will be terminated and you will not be eligible for the profit share if you reach or exceed the Maximum Trade Size at any time, whether with open or limit orders. Any open deals might not be automatically closed off, but your account will stop being available for trading. Your financed trading account needs to be reset so that the financing opportunity can resume.
Drawdown Limit
There is no daily drawdown with FundYourFX. The Maximum Drawdown Limit is the only restriction, and it is determined by the level of your account. The maximum drawdown is based on the level of your account. Levels 1-2: 5% of the initial balance maximum drawdown Level 3–4: 7% of the initial balance maximum drawdown Levels 5-8: 10% of the initial balance maximum drawdown.
- Levels 1-2 will have a max drawdown of 5% of the initial balance.
- Levels 3-4 will have a max drawdown of 7% of the initial balance.
- Levels 5-8 will have a max drawdown of 10% of the initial balance.
Your account will be terminated and you will not be eligible for the profit share if you reach or exceed the Maximum Trade Size at any time, whether or not you have experienced realised or unrealized losses. Any open deals might not be automatically closed off, but your account will stop being available for trading. Your financed trading account needs to be reset in order to keep taking advantage of the funding opportunity.
Stop Loss
FundYourFX urge traders at levels 1-2 to have a proper stop loss when they place an order in the market because it is a required discipline to have one. 30 minutes after the trade is entered, the stop loss should be set. In case you are a Scalper and open and close trades within a period of fewer than 30 minutes, you don’t need to set a stop loss. When you achieve stages 3 through 8, a stop loss is no longer necessary.
Trading Days
Since the prop firm appreciate traders’ convenience, there are no minimum trading days. Yet, they must make sure that traders have a strong commitment to their initiatives.
They respectfully ask traders at levels 1-4 to aim for 10% profitability over a 90-day period in order to qualify for payments. But don’t worry, they increase your time window to a generous 180 days after you hit level 5 and earn your fifth profit share. This increases your chances of succeeding and achieving your goals.
Account Reset
To maintain your eligibility for funding, you must reset your trading account if you violate any Rules or Drawdown Limits. No matter what your account balance was at the time of the breach, your account will be reset to its starting value. The reset prices vary depending on the chosen plan (Starter £97, Standard £197, Professional £397). You are allowed to reset your account a maximum of 3 times.
It is fair that FundYourFX demand honesty from their traders. Prior to paying the accounts, the team will analyse all trading activities if a trader reaches a profit target. Your account won’t be eligible for funding if they discover backdated Rule violations. Hence it makes sense to reset your funded account immediately after notifying the team of any rule violations. Making the profit targets and then learning that your funded account needs to be reset can spare you a lot of misery.
Brokers
FundYourFX have partnered with a reputable trading brokerage firm in Eightcap. They are a well-known broker that is regulated so you can trade with peace of mind. The Eightcap trading conditions are excellent, including tight spreads, low commission fees and plenty of liquidity to ensure reliable trade execution speeds. You get 1:100 Leverage on the account. Other prop firms who have partnered with Eightcap include The Funded Trader, Funded Trading Plus and FTUK.
Platforms
You can trade with FundYourFX on the industry standard MetaTrader 4 (MT4) platform which is the platform of choice for millions of retail forex traders all over the globe. It is widely regarded for its user-friendly interface and huge collection of powerful trading tools which allow you to conduct in depth market analysis. You can build trading strategies as simple or complex as you need them to make informed trade decisions. It would be great if they could also support the newer MT5 platform like other prop firms such as FTMO and SurgeTrader do.
Instruments
All of the assets and instruments on your Eightcap trading platform are open for trading. This means that you can access to more than 40 main and minor currency pairings, over 300 different cryptocurrencies and crypto indices. You can trade Brent Crude Oil (UKOUSD) and West Texas Intermediate Crude Oil (USOUSD) CFDs. They also offer Gold (XAUUSD) and Silver (XAGUSD) CFDs. You can trade some of the most popular indices in the world including:
- US30
- FRA40
- GER30
- UK100
- AUS200
- EUSTX50
- JPN225
- SPX500
- NDX100
- HK50
| Maximum capital | $1,750,000 |
| Profit split | 70% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, FundYourFX is a reputable prop firm with excellent reviews. Unlike the majority of prop companies, they give you rapid access to trade real money, with no minimum waiting period and a reasonable profit share. With no trading challenge, no profit targets, no liability for losses, and up to a 70% profit split, you can receive funding of up to $1.75 million. In addition, your one-time fee is refunded five times at a profit of 10%. As a result, you will be reimbursed for the cost associated with your fifth profit share.
In addition to giving you access to trading funds, FundYourFX also improves your trading by enforcing a set of straightforward trading guidelines that promote responsible risk management without restricting your ability to make your own trading decisions. If you are sure in your approach and steady with your outcomes, they invite you to apply.
