FX2 Funding Review
FX2 Funding is a modern proprietary trading firm established in 2022, offering traders access to substantial capital through streamlined evaluation processes. With account sizes ranging from $10,000 to $200,000 and a scaling plan up to $1 million, it provides flexible trading conditions including no time limits on evaluations, support for various strategies, and high profit splits up to 95%.
FX2 Funding Review
Summary
FX2 Funding is a next-generation proprietary trading firm that has quickly made its mark in the industry since its establishment in 2022. Registered as FX2 LLC in Saint Vincent and the Grenadines, the company also maintains a presence as a United States entity backed by substantial private capital holdings. This robust financial structure enables FX2 Funding to conduct large-scale, long-term financial transactions, positioning it as a reliable partner for traders worldwide.
FX2 Funding offers traders account sizes ranging from $10,000 to $200,000, with the potential to scale up to $1 million. The firm offers competitive profit splits of up to 95% and supports various trading instruments, including Forex, indices, and cryptocurrencies. Traders can choose from multiple platforms, such as MetaTrader 5, cTrader, and DXtrade (Gooey Trade).
Key features of FX2 Funding include no time limits on evaluations, allowance for various trading styles, including news trading, weekend position holding, and support for automated trading strategies, providing traders with the freedom to implement diverse strategies.
The firm also provides educational resources through its FX2 Academy and offers 24/7 customer support.
The profit-sharing structure at FX2 Funding is particularly attractive, with traders able to earn up to 95% of their profits. This high percentage, combined with frequent payout options, makes it a potentially lucrative opportunity for skilled traders.
Let’s look into the specific features, conditions, and programs offered by FX2 Funding to gain a comprehensive understanding of this prop firm.
FX2 Funding Review
Programs
FX2 Funding offers three main evaluation programs for traders seeking funded accounts:
2-Step Program
The 2-STEP program offers a traditional two-phase evaluation process for traders. In the first step, Evaluation, traders must achieve an 8% profit target while adhering to a 4% daily drawdown limit and a 10% maximum drawdown limit. The leverage is set at varying ratios across different asset classes: 1:100 for Forex pairs, 1:30 for Metals, 1:25 for Indices, 1:10 for Energy, and 1:2 for Cryptocurrencies, with no time limit or minimum trading days requirement.
Upon successful completion of Step 1, traders move to the Verification phase. Here, they need to reach a 5% profit target while maintaining the same drawdown limits as Step 1. The leverage and other conditions remain unchanged.
After passing both steps, traders receive a funded account with no profit target. The drawdown limits remain at 4% daily and 10% maximum. Traders can enjoy a profit split of up to 80% (which can increase to 95% through scaling), with payouts available every 5 days. This program is available for account sizes of $10K (Starter), $25K (Intermediate), $50K (Professional), and $100K (Expert). The fee for this program starts at $80 for the $10k to $550 for the $100k account size. Traders can reset their account with a 10% discount if needed and the evaluation fee is fully refundable upon successful completion of the program.
1-Step Program
The 1-STEP program provides a quicker path to funding with a single evaluation phase. Traders must achieve a 10% profit target while adhering to a 4% daily drawdown limit and a 6% trailing maximum drawdown. Upon successful evaluation, traders receive a funded account with no profit target. The daily drawdown remains at 4%, but the maximum drawdown increases to 8%.
Traders can earn up to 85% of their profits, with payouts available every 14 days. This program is available for account sizes ranging from $10K (Starter) to $200K (Master). The leverage is set at 1:100 for Forex pairs, 1:30 for Metals, 1:25 for Indices, 1:10 for Energy, and 1:2 for Cryptocurrencies, with no time limit or minimum trading days requirement. The fee for this program is fully refundable upon successful completion and ranges from $95 to $925, for the least $10k account to the $200k account.
1-Step Pro Program
The 1-STEP PRO program is designed for advanced traders seeking a more challenging evaluation. Traders must reach a 10% profit target while maintaining a 4% daily drawdown limit and a 6% fixed maximum drawdown. The program offers varying leverage ratios across different asset classes: 1:100 for Forex pairs, 1:30 for Metals, 1:25 for Indices, 1:10 for Energy, and 1:2 for Cryptocurrencies, with no time limit or minimum trading days requirement.
After passing the evaluation, traders receive a funded account with no profit target and a full refund of the evaluation fee. The drawdown limits remain the same as during the evaluation. Traders can earn up to 85% of their profits, with payouts available every 14 days. This program is available for account sizes from $10K (Starter) to $100K (Expert). The fee for the $10k account is $120 to $600 for the $100k account.
FX2 Funding Review
Conditions
FX2 Funding offers traders a straightforward path to funded accounts with clear and manageable conditions.
Drawdowns
FX2 Funding implements two types of maximum drawdown rules to ensure responsible trading; fixed drawdown and trailing drawdown. For the 1 Step program, the maximum drawdown is 6% of your total account size and trails your account until you achieve a 6% return. For instance, with a $10,000 account, your trading will be halted if your balance drops to $9,400. The 2 Step and 1 Step Pro uses a fixed max drawdown of 10% and 6%, respectively. Also, they implement a daily drawdown across all program types. The daily drawdown limit is 4% of the previous day’s closing balance. This means if your account balance was $10,000 at the end of the previous trading day, you cannot lose more than $400 in a single day.
Payouts
FX2 Funding offers an attractive profit-sharing structure for successful traders. The profit split can be up to 85%, depending on your account type and performance. It can also increase to 95% with an add-on. Payouts are processed through Deel.com, and traders can receive their funds through various methods including bank transfers, PayPal, and even cryptocurrency options like Coinbase and Binance. The first payout is available 7 days after being funded, with subsequent payouts every 14 days.
Trading Days
One of the appealing aspects of FX2 Funding is that there are no minimum trading day requirements. Traders have the flexibility to trade at their own pace without the pressure of meeting daily quotas. However, accounts must not remain inactive for 30 days or more.
Trading Strategies
FX2 Funding supports a wide range of trading strategies, giving traders the freedom to choose the approach that best suits their style and preferences. Some of the allowed strategies include:
- News trading: Traders can hold positions during news events, although they are restricted from executing trades within 5 minutes before or after high-impact news releases.
- Scalping: The platform permits this short-term trading strategy, which involves making multiple quick trades to profit from small price movements.
- Copy trading: Traders can use copy trading services to mirror the trades of other successful traders automatically.
- Expert Advisors (EAs): The use of EAs and scripts is allowed, but FX2 Funding must review them to ensure they comply with the platform’s rules and do not engage in prohibited practices.
However, certain strategies, such as high-frequency trading, latency arbitrage, and one-sided betting, are strictly prohibited to maintain a fair trading environment for all users.
Inactivity Policy
FX2 Funding requires traders to maintain an active account. If an account remains inactive for 30 days or more without prior notice and a valid reason, it will be terminated.
Scaling Plan
FX2 Funding offers an attractive scaling plan for successful traders. Once you become a funded trader, you can scale your account up to $1,000,000. Each time you achieve a 10% profit on your account, FX2 will increase your account size by 10%. This allows traders to increase their trading capital as they demonstrate consistent profitability gradually.
Refund
FX2 Funding offers a fully refundable evaluation fee upon successful completion of the evaluation phase and becoming a funded trader. This policy aligns with FX2 Funding’s commitment to supporting serious and skilled traders.
FX2 Funding Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 95% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
FX2 Funding offers a range of features designed to enhance traders’ experience and success. Here’s a closer look at their offerings;
Platforms Offered
FX2 Funding supports multiple trading platforms to cater to different trader preferences. The firm offers MetaTrader 5, cTrader, and DXtrade (also known as Gooey Trade).
- MetaTrader 5 (MT5): MetaTrader 5 is offered as a white-label version by FX2 Funding, using Intertrader as the broker. This multi-asset platform supports trading in forex, stocks, commodities, and indices. MT5 provides advanced charting capabilities with 21 timeframes and over 80 built-in technical indicators. It offers a powerful strategy tester for backtesting and optimizing trading algorithms. The platform supports both netting and hedging systems, catering to different trading styles. With its MQL5 programming language, MT5 allows for the creation of custom indicators and expert advisors. The platform’s market depth feature provides traders with a clear view of liquidity at different price levels.
- cTrader: cTrader is FX2 Funding’s main label license platform, offering direct quotations from multiple liquidity providers for optimal trading conditions. This advanced platform is known for its user-friendly interface and powerful features, including advanced charting tools, one-click trading, and market depth information. cTrader supports various order types and provides traders with detailed market analysis tools. Its customizable layout allows traders to tailor the platform to their specific needs. With support for algorithmic trading through cAlgo, cTrader caters to both manual and automated trading strategies, making it a versatile choice for traders of all levels.
- DXtrade (Gooey Trade): DXtrade, branded as Gooey Trade by FX2 Funding, is a white label platform that uses Thinkmarkets as its broker. This modern, web-based platform offers a user-friendly interface designed for both novice and experienced traders. One of its standout features is the seamless integration with TradingView charts, providing traders with advanced charting and analysis tools. Gooey Trade supports various order types and offers real-time market data. The platform is designed to be responsive and works well on both desktop and mobile devices. With its intuitive design and powerful features, Gooey Trade aims to provide a comprehensive and accessible trading experience for FX2 Funding users.
Dashboard
FX2 Funding provides traders with an intuitive and user-friendly dashboard. This centralized hub allows traders to monitor their account performance, track their progress, and access essential trading information. The dashboard offers a clear overview of key metrics such as profit and loss, account balance, and trading history, enabling traders to make informed decisions and stay on top of their trading activities.
Support Offered
FX2 Funding prides itself on providing excellent customer support. The firm offers 24/7 assistance through various channels, including email, WhatsApp, and phone. Each funded trader is assigned a dedicated support provider, ensuring personalized and efficient help whenever needed. This level of support demonstrates FX2 Funding’s commitment to helping traders succeed and resolve any issues promptly.
Knowledge Base
To help traders improve their skills and stay informed, FX2 Funding maintains a comprehensive knowledge base. This includes a blog with articles on various trading topics, FAQs, and educational resources. The firm also offers professional Forex training courses through its FX2 Academy, covering topics from trading fundamentals to advanced charting techniques. These resources are designed to support traders at all levels, from beginners to experienced professionals.
Broker Integrated
FX2 Funding has strategically integrated with reputable brokers to ensure a smooth and reliable trading experience for its users. The MT5 platform is connected to Intertrader, a well-established broker known for its robust infrastructure and competitive trading conditions. For the DXtrade (Gooey Trade) platform, FX2 Funding has partnered with ThinkMarkets, a globally recognized broker offering various financial instruments and advanced trading tools. cTrader, being FX2 Funding’s main label platform, connects directly to multiple liquidity providers, offering traders access to deep liquidity pools and competitive spreads.
No Commissions
FX2 Funding operates on a profit-sharing model rather than charging commissions on trades. This approach aligns the interests of both the trader and the firm, incentivizing traders to maximize their trading performance
Affiliate Program
FX2 Funding offers an attractive affiliate program for those looking to earn extra income by referring traders to the platform. As an affiliate, you can earn a 15% commission for your first 50 referred traders, which then increases to 20% for each trader thereafter. There’s no minimum commission payout, meaning you’re eligible for a payout with each sale you refer. One of the program’s standout features is its flexible payout system – you can request as many payouts as you want, whenever you want, and all payout requests are instantly available.
Add-Ons
FX2 Funding offers attractive add-ons for traders during the purchase process of their two-step evaluation program. These add-ons are designed to enhance the trading experience and potential profitability. Traders have the option to boost their profit split from the standard rate up to an impressive 95%, allowing them to keep a larger portion of their trading gains. Additionally, traders can opt to reduce the payout interval from the standard 14 days to just 5 days, enabling more frequent access to their earned profits.
FX2 Funding Review
Conclusion
In conclusion, FX2 Funding offers some attractive features for traders, including a straightforward single-step evaluation, no time limits, and flexible trading strategies. Their scaling plan and competitive profit splits are notable advantages. However, traders should be mindful of the drawdown rules and trading restrictions. While FX2 Funding allows news trading, specific guidelines exist around high-impact events. Also, while EAs are permitted, they’re subject to review and can’t engage in high-frequency trading. Overall, FX2 Funding presents a balanced opportunity for traders seeking a funded account.
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