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  1. What is FunderPro?
  2. FunderPro Pros Cons
  3. Is FunderPro Legit?
  4. FunderPro Challenge
  5. Funded Account
  6. Account Conditions
  7. Payout
  8. FunderPro Alternative

Our Review Method

  • 55Brokers Financial Experts with over 15 years of experience in Trading check and verify carefully Proprietary Trading Firm offerings and what the challenge you have to pass to become a Funded Trader to give an expert opinion on FunderPro and its reliability

What is FunderPro?

FunderPro is a proprietary trading firm that aims to empower skilled traders by providing them with the opportunity to manage significant amounts of capital, up to $200,000 initially, with the potential to scale up to $5,000,000. They offer a unique proposition in the prop trading space with their no time limit challenges, which allows traders to operate without the pressure of having to meet objectives within a set timeframe.

FunderPro provides a distinct opportunity to participate in Real Trading with minimal upfront capital requirements. To become a Funded Trader and trade with Company Funds, traders simply need to pass a Test or Challenge to obtain a Funded Account, enabling them to trade as Professional Traders with a Company Account. Learn more about Prop Trading here

 

FunderPro AdvantagesFunderPro Disadvantages
Tailored Trading ConditionsNo Strict Overseeing
Good PricingIt is hard to become Funded Trader
Great variety of Balances with Low Registration FeesLimited Instrument Range
Upscaling opportunityOnly MetaTrader Platform
MT5 and MT4 with EAs
Refundable Fee once you become Funded Trader
Good range of Challenge Models

Is FunderPro Legit?

Based on the available information, FunderPro presents itself as a legitimate proprietary trading firm that offers unique opportunities for traders to manage funded accounts without the constraints of time limits on their trading challenges. Their innovative approach, including real capital accounts for funded traders, competitive profit splits up to 90%, and the provision of a technology-driven platform with advanced analytics, positions them as a serious player in the prop trading industry.

  • As a general rule, Prop Trading firms typically operate without a Forex Broker license, which means they are subject to less regulation and oversight compared to Forex Brokers. Consequently, they may not offer the highest level of safety, as they are solely responsible for managing the entire operation and providing funds for trading activities. It’s essential to thoroughly understand all the risks involved before engaging with such firms.

Is FunderPro Scam?

We conducted a thorough check of FunderPro’s legitimacy through their official website and found no evidence to suggest it’s a scam. However, given that Prop Trading Firms are typically less regulated by financial authorities, it can be challenging to ascertain the true nature of such firms.

Educate yourself extensively about Prop Trading, understand the associated risks, and select a company with a reputable track record, preferably one that has been operational for many years to ensure greater stability. Additionally, since you’re not investing significant sums into trading but rather paying subscription fees, potential losses are generally lower compared to engaging in Real Trading with your own funds

FunderPro Challenge Evaluation Rules

To focus on the key aspect of our FunderPro Review, it’s crucial to examine how the evaluation process is structured and the prerequisites for participating in the trading challenge. This involves understanding the specific assessments one needs to successfully complete to qualify for a Funded Trading Account and transition into a Proprietary Trader. Additionally, it’s important to consider the associated expenses for aspiring traders, typically in the form of a registration fee.

  • To become a Funded Trader with FundedPro, candidates must pass a 2-step evaluation process. Initially, traders work with a demo account during the evaluation phases. Upon successful completion and meeting specific criteria, traders then gain access to a live trading account​​.

Account Balance and Registration Fee

Prior to initiating the FunderPro login process, you’ll be prompted to choose the Model and Account Balance you wish to qualify for. Depending on the size you select, the terms of the challenge vary slightly. This choice also impacts the registration fee you’ll need to pay to participate in the challenge. However, it’s worth noting that FunderPro provides a refund of this fee upon achieving the status of a Funded Trader. Refer to the Registration Fee comparison table below for further details.

  • FunderPro’s challenge and funding model is built to accommodate a wide variety of trading strategies, including the freedom to trade over weekends and during major news events, which is not commonly allowed in many other prop trading firms.
  • Traders must navigate through a two-phase evaluation, demonstrating their ability to generate profits while adhering to risk management rules​​.
  • FunderPro offers a variety of account sizes for traders participating in its evaluation challenge, catering to different levels of trading expertise and financial commitment. The account sizes range from $25,000 to $200,000, with corresponding fees for each.
FeesFunderProFTMOThe Funded Trader
Minimum Account Size$5,000$10,000$50,000
Fee $79€155$289
Maximum Account Size$200,000$200,000$400,000
Fee$989€1 080$1,869
Reset or Test RetakeYesYesYes
Is Fee Refundable?YesYesYes

Profit Target

Based on our finds, FunderPro’s evaluation challenge involves a two-phase process where traders aim for a 10% profit target in the first phase and an 8% target in the second, adhering to strict drawdown limits.

Maximum Loss

In FunderPro’s trading challenge, participants must manage their trades carefully to avoid exceeding maximum loss limits. The challenge specifies two key drawdown restrictions to ensure disciplined risk management: a maximum daily loss limit of 5% and an overall loss limit of 10% from the starting balance.

Minimum Trading Period

The FunderPro trading challenge requires traders to trade for a minimum of five days. This requirement applies to the evaluation process, ensuring that participants demonstrate their trading consistency and risk management skills over a sufficient period, rather than relying on short-term gains​​.

See the detailed table with FunderPro Challenge conditions based on Account Size:

Free Trial

FunderPro offers a free challenge trial for users to explore its platform features before committing to a subscription. The trial lasts for 5 days, allowing only one active free trial at a time. After a trial, users can start another after a 5-day waiting period, with no limit on the number of free trials one can start. Each trial requires a 5-day waiting period.

FunderPro Funded Account

After successfully completing the test or challenge, the trader will have their Funded Account established, a process that typically takes a few business days to activate. It’s crucial to understand that the account conditions and balance will precisely match those for which you qualified in your test. Should you desire to upgrade your account to a higher grade, you’ll need to undertake the test anew for the preferred Account Balance from the outset.

Profit Split

In the FunderPro trading challenge, once traders successfully complete the evaluation process and start trading with a funded account, they are entitled to an 80% share of the profits they generate.

Payout and Withdrawals

FunderPro allows for daily payouts whenever your funded account is in profit by at least $100, with no other specific requirements. This enables traders to request payouts for their earnings on a daily basis, offering a flexible and trader-friendly approach to accessing profits​​.

Withdrawal Method

There are various convenient methods offered by FunderPro Prop Trading Firm once you wish to withdraw funds from you Funded Account. Those Methods include Perfect Money, Crypto Transfers via USDT, USDC, also clasic Bank Transfer, and Wise.

Account Conditions

When reviewing Account Conditions, carefully examine Broker options, Platforms, Instruments, Trading Costs, Leverage levels, and Trading conditions. Some Brokers restrict certain strategies in Funded accounts, risking loss of Account, requiring a retake of the test for access. See breakdown below.

Trading Instruments

FunderPro offers a broad range of tradable instruments for its traders, including forex and cryptocurrencies, stocks, indices, metals, and energies. This diverse selection enables traders to explore various markets and apply their trading strategies across different asset classes. The firm emphasizes providing a secure and reliable trading environment, with adjusted leverage levels for specific instruments to accommodate different trading styles and risk management preferences​​​​​​.

FunderPro Commission

Another point we check is the Commission or Spread on the trades themselves, this conditions are quite favorable at FunderPro as the Broker offers Commission basis of only 3$/Per Lot per round for COmmodities and Currencies, and 0$ for Indices, which is lower than industry average too.

Leverage

FunderPro provides leverage up to 1:100 for forex and cryptocurrencies, up to 1:200 for metals, indices, and energies, and up to 1:20 for stocks, allowing traders to amplify their trading capacity while managing risk across various asset classes​​​​.

FunderPro App Platform

FunderPro supports multiple trading platforms to cater to diverse trader preferences and needs. Among these platforms are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both renowned for their comprehensive features, advanced charting tools, and support for automated trading systems.

Trading Conditions

FunderPro provides a thoughtfully crafted set of trading conditions tailored to accommodate the diverse preferences and strategies of traders utilizing their funded accounts. This strategy ensures that participants in their programs encounter a trading environment and regulations that can be adjusted to suit their individual trading styles and objectives.

  • FunderPro allows popular trading strategies such as News Trading, Swing Trading, EA Trading, and Weekend Holding, offering flexibility for traders to implement diverse approaches. Additionally, traders can benefit from Copy Trading from other FunderPro accounts, providing an added advantage for those employing various strategies. However, certain restrictions apply, with practices like High-Frequency Trading, Latency Trading, and Arbitrage not permitted.
  • Regarding slippage, FunderPro typically avoids it, yet during News Trading, the company imposes restrictions on opening and closing trades five minutes before and after news releases, as these are times when slippage may occur.

FunderPro Promotions

As observed, the company occasionally offers promotions featuring available FunderPro discount codes. However, these conditions are typically temporary, so it is advisable to verify their availability upon signing in.

FunderPro Alternative Brokers

In conclusion, FunderPro presents an enticing opportunity for traders to showcase their skills and potentially earn funded accounts through a structured evaluation process. With carefully designed trading conditions and support for various trading strategies, FunderPro aims to cater to the diverse preferences and goals of traders. While occasional promotions and discounts add further value, it’s important for participants to stay informed about any temporary conditions. Overall, FunderPro stands as a promising platform for traders seeking a supportive environment to grow and succeed in their trading endeavors.

It’s always wise to evaluate and compare proposals with those of other Prop Trading Firms. While some popular firms may offer similar conditions, others might provide better-suited options for specific traders, such as a broader choice of instruments or platforms other than MetaTrader. Nonetheless, FunderPro boasts several distinct advantages worth considering. For a comprehensive comparison, we’ve compiled a selection of alternatives and a table comparing FunderPro to other companies below.

 

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