SFX Funded Review
SFX Funded is a Dubai-based proprietary trading firm that offers flexible funding programs for traders worldwide. Founded in May 2024 by Husam Samy and Franca Kraut, the firm operates under the legal name SFX International FZCO. SFX Funded stands out with its three distinct programs: the Rapid Challenge, 2-Step Evaluation, and Instant Funding, catering to various trading styles and experience levels.
SFX Funded Review
Summary
SFX Funded is a proprietary trading firm based in Dubai, United Arab Emirates, officially incorporated in May 2024. Husam Samy and Franca Kraut co-founded the firm, which operates under the legal name SFX International FZCO. SFX Funded offers traders two main funding options: a Two-step Evaluation program and an Instant Funding program, both designed to cater to different trading styles and preferences.
The Two-step Evaluation program requires traders to complete two phases with profit targets of 8% and 5%, while maintaining a maximum daily loss of 4% and an overall loss of 8%. This program is notable for its lack of minimum or maximum trading day requirements, allowing traders to progress at their own pace. The Instant Funding program offers immediate access to trading capital without the need for an evaluation phase, appealing to experienced traders ready to start earning right away.
SFX Funded supports trading in a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. The firm partners with a tier-1 liquidity provider to ensure optimal trading conditions that closely mimic real-market scenarios. Traders can benefit from high profit splits ranging from 65% to 95%, depending on the chosen program and their performance.
The firm emphasizes flexibility by allowing news trading, weekend holding, and the use of Expert Advisors (EAs), providing traders with the freedom to employ various strategies. Additionally, SFX Funded offers a robust scaling plan that enables traders to increase their account size significantly based on consistent performance, with potential scaling up to $3.2 million.
SFX Funded also features a professional trader dashboard that facilitates seamless account management and performance tracking. With competitive pricing, realistic profit targets, and a strong commitment to trader success, SFX Funded positions itself as a compelling choice for traders seeking growth-oriented opportunities in the proprietary trading space.
Let’s look into the prop features and explore what makes SFX Funded stand out in the industry.
SFX Funded Review
Programs
SFX Funded offers three distinct evaluation programs, each catering to different trader preferences and skill levels. Let’s explore these programs in detail:
Rapid Challenge
The Rapid Challenge program is designed for traders who want to fast-track their evaluation process and get funded quickly. This program consists of two phases: Phase 1 and the Funded phase.
In Phase 1, traders have a 7-day trading period to demonstrate their skills. There’s no minimum trading day requirement, allowing for flexibility in trading frequency. The maximum daily loss is set at 3%, with a maximum overall loss of 4%. Traders must achieve a 5% profit target to advance to the Funded phase.
Once in the Funded phase, traders can trade indefinitely, with a minimum requirement of 3 trading days. The maximum daily and overall loss limits remain at 3% and 4%, respectively. There’s no specific profit target in this phase, but traders can enjoy up to 100% profit split.
The Rapid Challenge offers account sizes ranging from $7,500 to $120,000, with pricing starting at $48 for the smallest account and going up to $294 for the largest. All accounts in this program provide a leverage of 1:30.
2-Step Evaluation
The 2-Step Evaluation is a more traditional approach, focusing on demonstrating discipline and consistency over a longer period. This program consists of three phases: Phase 1, Phase 2, and the Funded phase.
Both Phase 1 and Phase 2 have unlimited trading periods with no minimum trading day requirements. The maximum daily loss is set at 4%, with a maximum overall loss of 8% for both phases. In Phase 1, traders must achieve an 8% profit target, while Phase 2 requires a 5% profit target.
Upon reaching the Funded phase, traders can trade indefinitely. The maximum daily and overall loss limits remain at 4% and 8%, respectively. There’s no specific profit target in this phase, and traders can enjoy up to 100% profit split.
The 2-Step Evaluation offers account sizes from $7,500 to $120,000, with pricing ranging from $79 for the smallest account to $489 for the largest. All accounts in this funded program provide a leverage of 1:30.
Instant Funding
The Instant Funding program is ideal for traders who want to start earning immediately without going through an evaluation process. This program consists of only the Funded phase.
In the Funded phase, traders have an unlimited trading period with a minimum requirement of 3 trading days. There’s no maximum daily loss limit, but the maximum overall loss is set at 6%. The program doesn’t specify a profit target, allowing traders to focus on consistent performance.
Instant Funding offers account sizes ranging from $5,000 to $80,000, with pricing starting at $325 for the smallest account and going up to $5,189 for the largest. All accounts in this program provide a leverage of 1:30.
Traders in the Instant Funding program can enjoy up to 100% profit split, making it an attractive option for those confident in their trading abilities and ready to start trading with a funded account immediately.
SFX Funded Review
Conditions
SFX Funded offers a range of trading conditions designed to balance trader flexibility with risk management. Let’s dive into the specifics:
Drawdowns
SFX Funded implements strict drawdown rules to protect both traders and the firm. For the Rapid Challenge, the maximum daily loss is set at 3%, with a maximum overall loss of 4%. The 2-Step Evaluation program allows for slightly more wiggle room, with a 4% maximum daily loss and an 8% maximum overall loss. Instant Funding accounts have a 6% maximum overall loss limit, but no specific daily loss restriction.
Profit Targets
Profit targets vary depending on the program. In the Rapid Challenge, traders need to achieve a 5% profit in Phase 1. The 2-Step Evaluation requires an 8% profit in Phase 1 and a 5% profit in Phase 2. Interestingly, the Instant Funding program doesn’t specify a profit target, allowing traders to focus on consistent performance rather than hitting a specific number.
Trading Strategies
SFX Funded is relatively flexible when it comes to trading strategies. Traders are allowed to trade news events, which can be a significant advantage for those who incorporate fundamental analysis into their trading approach. The use of Expert Advisors (EAs) is permitted, but with some restrictions. EAs that function as trade or risk managers are allowed, but using any other third-party EA is strictly prohibited. Violating this rule can result in account closure and denial of evaluation or payout.
Trading Days
SFX Funded offers considerable flexibility in trading days. Traders can hold positions overnight and over weekends, and even trade crypto over the weekend. The Rapid Challenge has a 7-day time limit to complete the challenge requirements. In contrast, the 2-Step Evaluation has no time limit for Phase 1 and Phase 2, allowing traders to progress at their own pace. Instant Funding accounts have no time limits at all, providing maximum flexibility.
Payout
SFX Funded offers attractive profit splits across its programs. For the Rapid Challenge and 2-Step Evaluation, profit splits range from 80-100%. Instant Funding accounts offer splits between 65-100%, depending on the specific terms and trader performance. There’s an interesting option for quicker access to profits: traders can initiate an on-demand payout just 3 trading days after their first trade, provided they’ve achieved a minimum 3% profit on their account size. This early payout comes with a 40% profit split. Alternatively, waiting 10 trading days for the first payout allows traders to receive the full 80% profit split. After the initial payout, subsequent withdrawals can be processed every 5 or 10 business days, depending on the chosen plan.
Refund Policy
SFX Funded has a strict policy regarding rule violations. If an account is found to be abusing the system and violating trading rules, the contract may be terminated without notice, and the trader will be permanently banned from SFX Funded, with no refund provided.
Scaling Plan
SFX Funded has an impressive scaling plan to reward successful traders. For Rapid Challenge and 2-Step Evaluation accounts, scaling is reviewed every 3 months. To qualify, traders must be profitable in 2 out of 3 months, achieve a cumulative growth of at least 10% over the 3 months, and process at least 2 payouts. Accounts can scale by up to 50% for every 10% profit reached within any 3-month period, with a maximum scaling up to $1.25 million. Instant Funding accounts have an even more aggressive scaling plan, allowing for a 100% increase for every 10% profit reached within a 3-month period, with scaling up to $3.2 million possible. Both programs offer up to 100% profit split at the maximum allocation.
Inactivity Period
To ensure active participation, SFX Funded has an inactivity policy. Trading accounts that remain inactive for 30 days are subject to automatic suspension. This policy encourages regular trading activity and helps maintain a pool of active, committed traders.
SFX Funded Review
Features
| Maximum capital | $400,000 |
| Profit split | Up to 100% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:30 |
SFX Funded provides a variety of features designed to support traders in their journey to becoming successful funded traders. Here’s an in-depth look at what they offer:
Platforms Offered
Match-Trader is a comprehensive trading platform that offers a seamless experience across web, mobile, and desktop applications. It features advanced charting tools powered by TradingView, providing traders with robust technical analysis capabilities.
The platform boasts an ultra-fast matching engine capable of executing over 50,000 transactions per second with less than 3 milliseconds of latency, ensuring reliable trade execution. Built using Progressive Web App (PWA) technology, Match-Trader allows for real-time synchronization of settings across devices and takes up minimal storage space.
Support Offered
The firm places a strong emphasis on providing excellent customer support to its traders. SFX Funded offers multiple channels for support, including email and live chat, ensuring that traders can get assistance whenever they need it. The support team is knowledgeable and responsive, helping traders resolve any issues they might encounter promptly. This level of support is crucial in maintaining trader confidence and ensuring smooth trading operations.
Knowledge Base
SFX Funded provides a comprehensive knowledge base that includes a variety of educational resources. These resources cover topics ranging from basic trading concepts to more advanced strategies, catering to traders of all experience levels. The knowledge base is designed to help traders enhance their skills and understanding of the markets, ultimately contributing to their success in the funded trading programs.
Trader Dashboard
The trader dashboard offered by SFX Funded is an intuitive and powerful tool that allows traders to manage their accounts effectively. It provides real-time updates on account performance, including metrics such as profit/loss, drawdown levels, and trading history.
This transparency enables traders to make informed decisions and adjust their strategies as needed. Additionally, the dashboard facilitates easy access to account settings and support resources.
Broker Integration
SFX Funded is not integrated with any traditional broker. Instead, the company partners with a tier-1 liquidity provider to offer simulated real market trading conditions. This approach allows traders to access a wide range of instruments, including forex pairs, commodities, indices, and cryptocurrencies. SFX Funded uses the Match-Trader platform for trading activities, providing a unique environment that combines proprietary trading benefits with high-quality market access, without the need for a traditional retail broker integration.
Affiliate Program
SFX Funded offers an attractive affiliate program that provides a 20% commission on all referrals. Affiliates can earn commissions that are processed monthly on the 27th for referrals up to and including the 25th of that month. To qualify for a payout, the affiliate account must have a minimum balance of $100. Additionally, affiliates have the option to use their balance to purchase new accounts, adding further value to their involvement with SFX Funded.
SFX Funded Review
Conclusion
In conclusion, SFX Funded is a solid choice for traders looking to take their skills to the next level with a reliable prop firm. They offer a range of programs catering to different trading styles and experience levels, with the Rapid Challenge being a standout for those who want to fast-track their way to a funded account. The firm’s trading conditions are fair and transparent, with reasonable drawdown limits and attractive profit splits. The scaling plan is also pretty impressive, rewarding consistent profitability with account growth up to $3.2 million. Plus, the Match-Trader platform is a top-notch tool for executing your strategies efficiently. Just keep in mind that violating the trading rules can lead to account termination without a refund, so make sure you play by the book. Overall, if you’re a disciplined trader looking for a supportive prop firm with great earning potential, SFX Funded is definitely worth checking out.
SFX Funded Review
