FunderPro Review - Bestfxbrokers.com (2024)

FunderPro is a prop trading firm that gives you an opportunity to trade with real funds. FuderPro gives you an unlimited time frame to complete a trading challenge. They use the TradeLocker platform, which incorporates TradingView charts for better market overview.

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What Makes FunderPro Unique

They provide real capital accounts. FunderPro stands out from its competitors with its unique ability to trade with real funds. See 3 more top benefits:

  1. When you win a challenge, you are awarded real money to trade on behalf of FunderPro.
  2. They have a challenge with no time constraint, allowing traders to trade at their own pace.
  3. FunderPro has a lower-risk trading and offers high profit splits to traders. By managing account sizes of up to $200,000, you can take home a profit split of 80%.

Who is it For?

FunderPro is for individuals seeking to participate in diverse financial activities, including trading.

Brokers Using FunderPro

OspreyFX

Tradable Assets

The assets of FunderPro Trading are: forex, cryptocurrencies, stocks, metals, indices and energies.

The leverage available for FunderPro assets:

  • 1:100 maximum leverage – Forex & Crypto
  • 1:200 maximum leverage – Metals, Indices & Energies
  • 1:20 maximum leverage- Stocks

Key Features and Functionality

The STP execution ensures that your trades are moved to the open market, providing a transparent and efficient trading. This means that successful trades result in real wins for both you and the FunderPro firm.

  • Live Capital is provided to funded traders, aligning company interests with traders.
  • Freedom to wait for the right trades without any time limits.
  • FunderPro has fast, weekly pay-outs.
  • When you complete phase 2 of the challenge, you will receive a refund of the initial fee.
  • Accounts come with high 1:100 leverage.

Pros

  • Maximum scaling balance of up to $5,000,000
  • 80:20 profit splits
  • Weekly payouts
  • No maximum trading period limitations
  • Overnight and weekend holding allowed
  • Leverage up to 1:100
  • A large variety of trading instruments (forex pairs, commodities, indices, stocks, cryptocurrencies)

Cons

  • Above-average profit targets
  • New prop firm
  • Lack of available reviews or feedback
  • They don’t accept credit cards

Funding program options

FunderPro offers customizable funded trading accounts. Let’s check the funding program options offered by FunderPro.

Account Types and Trading Requirements

FunderPro has 5 unique options available, each with different funding amounts, you can find the perfect fit for your trading. All accounts come with the same set of requirements and benefits, ensuring fairness for all traders.

Whether you’re just starting out or already an experienced professional, FunderPro has a unique structured approach to help you manage risk and maximize profitability.

With a 2-phase challenge and evaluation period, they try to identify top-performing traders. With the evaluation program account, you can trade with a 1:100 leverage.

Pricing

Funds Refundable Fee Price

$25k $249

$50k $349

$100k $549

$150k $749

$200k $989

You can sign up for multiple Free Trials with FunderPro to improve your skills and gain confidence. If you make a profit of more than 1% during your Free Trial, you can convert it into a Funded Account Challenge and keep the profit.

$25,000 Challenge Amount

This is the most prevalent challenge amount within FunderPro. You can earn up to $27,500 with a $25,000 challenge. Traders can get a 10% profit target in Phase 1 and 8% in Phase 2 without any time constraints.

Just maintain a daily drawdown of 5% and an overall drawdown of 10%. Once the profit target is reached, funding is guaranteed. Leverage of 1:100 and a refundable fee of $250 make this a cost-effective option.

$50,000 Challenge Amount:

  • Daily Drawdown Limit: 5%
  • Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: 60% limit in phase 2
  • Minimum Days: 5 days

$100,000 Challenge Amount:

  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Days: 5 days

$150,000 Account:

  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Days: 5

$200,000 Account:

  • Funding Amount: $200,000
  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: 60% limit in Phase 2
  • Minimum Trading Days: 5

User-Friendly Interface

FunderPro uses the TradeLocker interface, known for its clean design and custom watchlists. It is integrated with TradingView. It offers advanced charting tools, including over 90 smart drawing tools. It also offers 100 popular prebuilt indicators, and public indicators.

TradeLocker provides deep liquidity and a variety of order types. Those are: limit orders, stop orders, and trailing stop orders. This gives users greater control over their trades. With TradeLocker’s mobile app, traders can monitor portfolios and make decisions on the go.

Integration and Compatibility

  • FunderPro integrates with 3 top trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Tradelocker.

These platforms offer traders many features, tools, and resources to optimize chances of success.

Is getting FunderPro capital realistic?

Yes. FunderPro provides traders real money to trade with. Even during the evaluation stage. Acquiring these funds is a straightforward process. It requires completing both phases of the challenge on a demo account before being funded on a live trading account.

Trading Instruments – Assets

Forex, indices, commodities, cryptocurrencies and stocks.

Support and Training for Traders

  • You can also reach them via phone on +356 20990009.
  • 24/7 Customer Support via chat or email. Email:https://funderpro.com/contact-us/
  • Trade Support: Team of trade professionals ready to help you.
  • In-App Support: contact is available 24/7 directly from your Trader’s Portal.
  • Multi-Lingual Support: Team of multi-language support agents.

Educational Resources

FunderPro provides educational resources for better trading risk management.

Security and Data Privacy

FunderPro systems prioritize security and privacy. They have implemented all website security measures. Information is protected from loss, alteration, unauthorized access, or disclosure. Both during transmission and storage they utilize encryption protocols.

FunderPro has physical, electronic, and procedural safeguards to protect the collection, storage, and disclosure of personal information. Access to your data is limited to authorized personnel on a need-to-know basis.

Owners

Founded in February 2023 in Malta, FunderPro is a private company They partner with one of the best liquidity providers and this enables them to have direct access to the market as their broker.

Located at 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta.. Leading the company is CEO Gary Mullen.

Real User Reviews and Comments

TrustpilotOn Trustpilot, FunderPro has currently 15 reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 3.80/5.00.FunderPro firm’s reply behavior to reviews is up to the standard having replied to 100% reviews with a response time to their reviews in less than 1 day.

Verdict

FunderPro offers 5 account sizes and straightforward trading requirements, including limits on drawdown and profit targets. Their funding process is transparent and easy to navigate, with 2 phases to meet.

FunderPro scaling plan on challenges allows you to grow your balance and potential payout over time. With a wide range of tradable assets, competitive leverage levels, FunderPro is the perfect choice for traders who are ready to make a living of trading.

FAQ

What is FunderPro?

Founded in Malta by a group of traders and investment managers. FunderPro is a prop firm that provides funds and an opportunity for excellent traders.

Is FunderPro a legit or scam prop firm

FunderPro is legit and an excellent proprietary trading firm for forex traders. The FunderPro challenge is a 2-part assessment with unlimited time for completion.

Who is the CEO of FunderPro

Gary Mullen, current CEO of FunderPro, previously served as the Chief Commercial Officer of Red Acre Group. He showcased his exceptional skills in commercial strategy, marketing, and sales, which led to significant revenue growth and a larger market footprint for the company.

How do I become a FunderPro Trader?

By clearing our 2-step Evaluation Process. Achieve a 10% profit target in stage 1 and 8% in stage 2 to secure funding. Your initial sign-up fee will be refunded upon successful completion of the challenge.

What account sizes does FunderPro offer?

Traders can choose to enter a Challenge for the following account sizes: $25K, $50K, $100K, $150K and $200K.

Will I get the fee back if I pass the Challenge?

Yes. Once traders have passed the two-stage Challenge.

How do I enter the FunderPro Challenge?

Sign up for FunderPro. Login with your MT4 credentials and begin trading. When you pass the Challenge, you will get funded.

Does FunderPro offer coupons for customers?

Yes, currently, there is one FunderPro discount coupon auto apply discount link available for customers.

What is the profit split for FunderPro?

80:20 in traders favor.

Can I trade news at FunderPro?

No, FunderPro does not allow news trading. You can close the trading before 2 minutes of high-impact news and re-open trading after 2 minutes.



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FunderPro Review - Bestfxbrokers.com (2024)

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