Precision Funding Review

Precision Funding is a proprietary trading firm that offers funded accounts to traders with a focus on flexibility and trader-friendly conditions. Founded by a trader with roots in Japan and Michigan, the firm provides account sizes ranging from $25,000 to $300,000.

Precision Funding Review

Summary

Precision Funding is a proprietary trading firm that offers funded trading accounts to aspiring and experienced traders alike. The company offers a range of account sizes, from $25,000 to $300,000, catering to traders with varying risk appetites and experience levels.

Precision Funding Prop Firm
Precision Funding Prop Firm

One of Precision Funding’s standout features is its reduced profit targets, typically ranging from 1% to 2% of the account size. This makes it more achievable for traders to reach their goals and maintain funded status.

Precision Funding offers two main evaluation paths: the Sapphire Path and the Diamond Path. The Sapphire Path provides more flexibility and lower costs, suitable for beginners or those preferring a less restrictive environment. The Diamond Path, with its larger account sizes and more stringent requirements, is tailored for experienced traders seeking to manage substantial capital.

Precision Funding offers an attractive 80% profit split to successful traders, with an additional incentive of allocating 100% of initial profits up to $50,000 to the trader. This generous profit-sharing model provides significant earning potential for those who can consistently perform well in the markets.

The firm supports a wide array of trading platforms, including Quantower (their preferred platform), EdgeProX, Motive Wave, and others, allowing traders to use tools they’re most comfortable with. Precision Funding also emphasizes flexibility in trading conditions, with no daily drawdown limits and a maximum overall drawdown of 5% of the account balance.

However, traders should be aware of certain restrictions and policies. News trading and holding positions over weekends are prohibited, which may limit some trading strategies. Additionally, the firm maintains a strict no-refund policy for subscription fees, with billing cycles that renew every 30 days until cancellation or evaluation completion. While it has some limitations, its unique features and flexible conditions make it a noteworthy contender in the prop trading industry.

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Let’s examine the prop features and explore what makes this firm a strong contender in the prop trading industry.

Pros
  • Offers reduced profit targets compared to other firms.
  • Includes bonus capital in many account options.
  • Offers multiple account paths for different trading styles.
  • Provides an 80% profit split to successful traders.
Cons
  • Strict no-refund policy for subscription fees.
  • Trading of Spot Currencies, CFDs, Stocks, Options, and Cryptocurrencies is not permitted
  • No clear information on a defined scaling plan.
  • Higher monthly fees for larger account sizes.
  • Limited educational resources compared to some competitors.
  • Provides only modest funding support for participants.
  • Prohibits news trading and weekend position holding.

Precision Funding Review

Programs

Precision Funding offers a variety of programs to suit different trading styles and capital needs. Let’s explore the available options.

Sapphire Path

The Sapphire Path is characterized by its flexibility and scalability, offering six distinct account tiers:

Precision Funding Sapphire Path Program
Precision Funding Sapphire Path Program
  • $25K Account: This entry-level account provides $25,000 in trading capital plus a $50 bonus, priced at $159 per month. It allows for 6 contracts, including 5 micros, with a profit goal of $1,500. The trailing threshold is set at $1,500, providing a buffer for traders to manage their positions. This account is ideal for beginners or those looking to test their strategies with minimal risk.
  • $50K Account: Stepping up to $50,000 in capital (plus $50 bonus), this account is priced at $181 monthly. It permits 12 contracts, including 5 micros, setting a $3,000 profit goal with a $2,500 trailing threshold. This tier offers a significant increase in trading power while maintaining a reasonable monthly fee, making it attractive for traders ready to scale up their operations.
  • $75K Account: For $200 per month, traders gain access to $75,000 in capital and a $100 bonus. This tier allows 14 contracts (including 5 micros) with a $4,250 profit goal and $2,750 trailing threshold. The increased capital and contract limit provide more opportunities for diversification and larger trades.
  • $100K Account: Priced at $220 monthly, this account offers $100,000 in capital plus a $100 bonus. It allows 17 contracts (including 5 micros) and sets a $6,000 profit goal with a $3,000 trailing threshold. This account represents a significant jump in available capital, suitable for experienced traders looking to maximize their potential returns.
  • $150K Account: For $310 per month, traders can access $150,000 in capital with a $100 bonus. This tier permits 20 contracts (including 5 micros) and has a $9,000 profit goal with a $5,000 trailing threshold. The increased contract limit and capital base allow for more sophisticated trading strategies and potentially higher profits.
  • $300K Account: The flagship Sapphire account provides $300,000 in capital plus a $150 bonus for $654 monthly. It allows 40 contracts (including 5 micros) with a $20,000 profit goal and $7,500 trailing threshold. This account is designed for high-volume traders who can handle substantial capital and are aiming for significant returns.

All Sapphire accounts share several key features that set them apart in the prop firm industry. Notably, they have no daily drawdown limits, allowing traders more flexibility in managing their positions. There are also no scaling penalties, which means traders can grow their accounts without fear of additional costs. Each account includes QuantTower connectivity, providing access to advanced charting and analysis tools. Real-time data fees are included, ensuring traders have access to up-to-the-minute market information without additional costs. 

Diamond Path

The Diamond Path is tailored for more experienced traders seeking larger account sizes and willing to accept more stringent trading parameters:

Precision Funding Diamond Path Program
Precision Funding Diamond Path Program
  • $50K Account: Priced at $399 per month (currently offered at a 50% discount), this account has a $3,000 profit target. It allows a maximum position size of 5 and permits 5 micro contracts. This tier serves as an entry point to the Diamond Path, balancing substantial capital and manageable trading parameters.
  • $100K Account: For $849 monthly (also at a 50% discount), traders get access to $100,000 in capital with a $6,000 profit target. The account allows a maximum position size of 10 and 10 micro contracts, providing significantly more trading power and potential for profits.
  • $200K Account: The largest standard Diamond account costs $999 per month (at the 50% discounted rate) and offers a challenging $12,000 profit target. With a maximum position of 15 and 15 micro contracts allowed, this account is designed for high-performance traders who can handle substantial risk and capital.
  • Activation Account: This unique option is priced at $1,399 per month with a $147 activation cost. It provides a $3,000 profit target, maximum position of 5, and 5 micro contracts. This account might be tailored for traders who require specific features or conditions not available in the standard tiers.

All Diamond Path accounts include a $25,000 capital kickstart plus a $50 bonus, providing an additional boost to traders’ potential. These accounts are structured for traders who can manage larger positions and higher profit targets, offering a more challenging but potentially more rewarding trading experience.

The Diamond Path’s higher monthly fees reflect the increased capital and potential returns, but the current 50% discount makes these accounts more accessible to a wider range of traders. 

Precision Funding Review

Conditions

Precision Funding provides flexible trading conditions to support trader success. Here’s an overview of what to expect.

Drawdowns

Precision Funding takes a unique approach to drawdowns. Unlike many other prop firms, they don’t impose daily drawdown limits. This means traders have more flexibility in managing their positions without the fear of violating strict daily loss limits. However, it’s important to note that there is still an overall account drawdown limit. The maximum drawdown allowed is 5% of the account balance. This gives traders some breathing room while still maintaining responsible risk management practices.

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Allowed Trading Instruments

Precision Funding allows trading exclusively in futures contracts. This includes various markets such as E-mini S&P 500, Crude Oil, Gold, and others available through their supported platforms.

Prohibited Trading Instruments

Trading spot currencies, CFDs, stocks, options, and cryptocurrencies are strictly prohibited and unavailable through Precision Funding’s program vendors or platforms.

Profit Targets

The profit targets at Precision Funding vary depending on the account size and program chosen. For example, in the Sapphire Path, the profit target for a $25K account is $1,500, while for a $300K account, it’s $20,000. These targets are designed to be challenging yet achievable, encouraging traders to demonstrate consistent profitability. It’s worth noting that Precision Funding offers reduced required profit targets as part of their program features, which can make reaching these goals more attainable for traders. 

Trading Strategies

Precision Funding is relatively open to trading strategies. They allow various trading styles, including scalping, day trading, and swing trading. However, they do have some restrictions. For instance, news trading is not permitted, and traders are not allowed to hold positions over weekends. This policy aims to reduce exposure to weekend gap risk while still providing traders with the freedom to implement diverse strategies during regular trading hours.

Trading Days

There are no specific minimum trading day requirements at Precision Funding for ongoing funded accounts. This flexibility allows traders to develop their own rhythm and trade as frequently or infrequently as their strategy demands. However, it’s important to note that a minimum of 6 trading days is required to pass the evaluation phase. Once in a funded account, traders need only 10 minimum trading days to request a withdrawal. This balance provides a fair assessment period while offering quick access to profits for successful traders.

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Profit Split

Precision Funding offers an attractive profit split for successful traders. Once a trader passes the evaluation and moves to a funded account, they receive an 80% share of the profits. This high percentage is quite competitive in the prop firm industry and incentivizes traders to perform well. Moreover, Precision Funding has an especially trader-friendly policy for initial profits: your first profits, up to $50,000 above the withdrawal threshold, are allocated entirely to you. This means you get to keep 100% of these initial earnings, significantly boosting your potential returns.

Refund Policy 

Precision Funding maintains a strict no-refund policy for its services. Once you’ve subscribed, your billing cycle begins when you sign up and automatically renews every 30 days. This cycle continues indefinitely until one of three scenarios occurs: you manually cancel your subscription, successfully pass the evaluation, or fail to meet the evaluation criteria, resulting in automatic cancellation by Precision Funding. Traders must understand that this policy has no exceptions, emphasizing the importance of carefully considering the commitment before signing up. 

Scaling Plan

There are no clear details about a specific scaling plan offered by Precision Funding. While the firm mentions that traders can increase their account size by demonstrating consistent profitability over time, the exact conditions, profit requirements, and maximum account sizes are not explicitly outlined. The absence of a well-defined scaling plan in Precision Funding’s publicly available information suggests that they may not have a formalized program for account growth. This lack of transparency regarding scaling opportunities could be a drawback for traders looking for a clear path to increase their trading capital and earning potential.

Precision Funding Review

Features

Maximum capital$300,000
Profit splitUp to 80%
ScalingNo
News tradingNo
Weekend tradingNo
Automated tradingYes
Free trialNo
Maximum leverage–
Precision Funding Features

Precision Funding is packed with features that enhance the trading experience. Let’s delve into what makes them stand out.

Trading Platforms

Here’s a comprehensive overview of the supported trading platforms for Precision Funding:

  • Quantower (Preferred Platform): Quantower is the preferred platform for Precision Funding. It’s known for its modern interface, extensive customization options, and support for various asset classes. Quantower offers advanced charting capabilities, a wide range of technical indicators, and robust order execution features.
Quantower Platform
Quantower Platform
  • EdgeProX: Compatible with Mac, Windows, and Linux, EdgeProX is a versatile platform that caters to traders across different operating systems. It likely offers a comprehensive suite of tools for market analysis, order execution, and risk management.
EdgeProX
EdgeProX
  • Motive Wave: Also compatible with Mac, Windows, and Linux, MotiveWave is a feature-rich trading platform known for its advanced charting capabilities and Elliott Wave analysis tools. It supports multiple brokers and data feeds, making it a flexible choice for traders.
Motive Wave Platform
Motive Wave Platform
  • Multicharts: MultiCharts is a powerful trading platform that offers high-definition charting, built-in indicators and strategies, one-click trading from charts and DOM (Depth of Market), high-precision backtesting, and automated execution capabilities.
Multicharts Platforms
Multicharts Platforms
  • ATAS (Advanced Trading Analytical Software): ATAS is a professional trading and analytical platform that specializes in volume analysis tools. It offers unique indicators, a wide range of markets, and convenient trading features designed to give traders a competitive edge.
ATAS (Advanced Trading Analytical Software)
ATAS (Advanced Trading Analytical Software)
  • Finamark Systems: This is a browser-based platform, offering the advantage of accessibility from any device with an internet connection. It likely provides a user-friendly interface with essential trading tools and real-time market data.
Finamark Systems
Finamark Systems
  • Jigsaw Daytradr: Jigsaw Daytradr is known for its order flow analysis capabilities. It offers features like depth and sales visualization, auction vista for order flow history, and a realistic trade simulator, making it particularly useful for day traders focused on order flow strategies.
Jigsaw Daytradr
Jigsaw Daytradr
  • Bookmap X-Ray: Bookmap is known for its unique heatmap display of market liquidity and order book dynamics. It offers real-time visualization of market depth and volume, making it particularly useful for traders focused on order flow and market microstructure.
Bookmap X-Ray Platform
Bookmap X-Ray Platform
  • Sierra Charts: Sierra Chart is a professional trading platform known for its stability, customizability, and high performance. It supports various markets including stocks, futures, forex, and options, and offers extensive charting and analysis tools.
Sierra Charts Platform
Sierra Charts Platform

Customer Support

When it comes to support, Precision Funding has got your back. They offer customer service through various channels, including email and live chat. Their support team is available to assist with technical issues, account queries, and general trading concerns. The firm also provides a comprehensive FAQ section on their website, which covers many common questions and can be a quick resource for traders needing immediate answers.

Knowledge Base

Precision Funding’s knowledge base primarily consists of a comprehensive FAQ section on their website. This resource covers essential information about their prop trading program, including account types, evaluation processes, trading rules, and operational policies. Traders can find details on account sizes, profit targets, drawdown limits, and specific trading restrictions such as the prohibition on holding positions over weekends. The FAQ also explains profit split arrangements, withdrawal procedures, and supported trading platforms. 

Dashboard

Traders at Precision Funding have access to a personal dashboard as a central hub for managing their accounts. Through this dashboard, traders can view their account statistics, track their performance, and monitor their progress toward profit targets. The dashboard likely provides real-time trades, balance, and other crucial account information updates.

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Diverse Platform Support

Traders can choose from various supported platforms, including Quantower, EdgeProX, and Motive Wave. This flexibility allows traders to operate on platforms they are most comfortable with, enhancing their trading experience.

Broker Integration

The firm operates its own trading environment rather than integrating with external brokers. The firm likely acts as its own broker, providing traders with direct access to the markets through their chosen platform. This setup is common among proprietary trading firms, as it allows them to maintain control over execution and risk management.

Bonus Capital

The inclusion of bonus capital in their accounts is more than just a nice perk. It provides an extra cushion for traders, allowing them to take on slightly larger positions or weather small drawdowns without impacting their main capital. The $15 bonus might seem small, but it can make a difference in preserving a trader’s account during a string of small losses or allow for an extra trade that could turn into a significant profit.

Precision Funding Review

Conclusion

In conclusion, Precision Funding offers a solid prop trading program with some pretty sweet features that set it apart from the competition. Their reduced profit targets, flexible drawdown rules, and generous profit splits are major selling points. Plus, the minimal trading day requirements and refundable challenge fees make it a more accessible option for traders. The variety of account paths and bonus capital are nice cherries on top. Just keep in mind that their no-refund policy is strict, so make sure you’re ready to commit before diving in. Overall, if you’re looking for a prop firm that’s trader-friendly and offers unique perks, Precision Funding is definitely worth checking out.

7.7Expert Score
Precision Funding Rating

Precision Funding is a proprietary trading firm that offers funded accounts to traders with a focus on flexibility and trader-friendly conditions. Founded by a trader with roots in Japan and Michigan, the firm provides account sizes ranging from $25,000 to $300,000.

Programs
7
Conditions
8
Features
8

Precision Funding Review

FAQ

Does Precision Funding allow for account scaling?

There are no clear details provided about a specific scaling plan offered by Precision Funding.

What profit split does Precision Funding provide to traders?

Traders receive an 80% profit split from their earnings.

What is the maximum capital offered by Precision Funding?

Precision Funding offers a maximum capital of $300,000.

Does Precision Funding support automated trading strategies?

Yes, automated trading is allowed.

Can traders hold positions over the weekend with Precision Funding?

No, holding positions over weekends is not permitted.

Is news trading permitted at Precision Funding?

No, news trading strategies are prohibited.
Precision Funding Review
Precision Funding Review
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