FunderPro Review

FunderPro 15% discount code: REVIEW15

FunderPro is a trading firm dedicated to helping traders reach their goals through the evaluation process. FunderPro provides traders an option to manage funds up to $200k. The platform is designed to be user-friendly, accurate, and high-performing, catering to traders of all experience levels.

About FunderPro

FunderPro is a private company founded in February 2023 in Malta. They have a strategic partnership with a top-tier liquidity provider, which allows them direct access to the market as their broker.

The FunderPro office address is: 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta. CEO is Gary Mullen.

Funding Program Options

Account Types, Fees and Trading Requirements

FunderPro provides 5 different account sizes, ranging from $25,000 to $200,000. The account fees vary according to the account size:

Challenge Amount Price/Refundable Fee

1. $25k                         $249
2. $50k                         $349
3. $100k                       $549
4. $150k                       $749
5. $200k                        $989

Fees will be refunded after successful completion of Phases 1 and 2

$25,000 Account:

• Funding Amount: $25,000
• 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 Trading Days: 5 

Amount: $25,000	Phase 1: Evaluation	Phase 2: Verification	Phase 3: FunderPro Trader
Profit Target	10% (Unlimited Days)	8% (Unlimited Days)	Indefinite
Minimum Trading Days	5	5	N/A
Max Daily Drawdown	$1,250 (5%)	$1,250 (5%)	$1,250 (5%)
Max Overall Drawdown	$2,500 (10%)	$2,500 (10%)	$2,500 (10%)
Available Leverage	1:100	1:100	1:100
Refundable Fee	$250	Free	Refund

$50,000 Account:

• Funding Amount: $50,000
• 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 Trading Days: 5

Amount: $50,000	Phase 1: Evaluation	Phase 2: Verification	Phase 3: FunderPro Trader
Profit Target	10% (Unlimited Days)	8% (Unlimited Days)	Indefinite
Minimum Trading Days	5	5	N/A
Max Daily Drawdown	$2,500 (5%)	$2,500 (5%)	$2,500 (5%)
Max Overall Drawdown	$5,000 (10%)	$5,000 (10%)	$5,000 (10%)
Available Leverage	1:100	1:100	1:100
Refundable Fee	$300	Free	Refund

$100,000 Account:

• Funding Amount: $100,000
• 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: Not applicable in Phase 1, 60% limit in Phase 2
• Minimum Trading Days: 5 

Amount: $100,000	Phase 1: Evaluation	Phase 2: Verification	Phase 3: FunderPro Trader
Profit Target	10% (Unlimited Days)	8% (Unlimited Days)	Indefinite
Minimum Trading Days	5	5	N/A
Max Daily Drawdown	$5,000 (5%)	$5,000 (5%)	$5,000 (5%)
Max Overall Drawdown	$10,000 (10%)	$10,000 (10%)	$10,000 (10%)
Available Leverage	1:100	1:100	1:100
Refundable Fee	$550	Free	Refund

$150,000 Account: 

Funding Amount: $150,000

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: Not applicable in Phase 1, 60% limit in Phase 2

Minimum Trading Days: 5

Amount: $150,000	Phase 1: Evaluation	Phase 2: Verification	Phase 3: FunderPro Trader
Profit Target	10% (Unlimited Days)	8% (Unlimited Days)	Indefinite
Minimum Trading Days	5	5	N/A
Max Daily Drawdown	$7,500 (5%)	$7,500 (5%)	$7,500 (5%)
Max Overall Drawdown	$15,000 (10%)	$15,000 (10%)	$15,000 (10%)
Available Leverage	1:200	1:200	1:200
Refundable Fee	$749	Free	Refund

$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 

Amount: $200,000	Phase 1: Evaluation	Phase 2: Verification	Phase 3: FunderPro Trader
Profit Target	10% (Unlimited Days)	8% (Unlimited Days)	Indefinite
Minimum Trading Days	5	5	N/A
Max Daily Drawdown	$10,000 (5%)	$10,000 (5%)	$10,000 (5%)
Max Overall Drawdown	$20,000 (10%)	$20,000 (10%)	$20,000 (10%)
Available Leverage	1:100	1:100	1:100
Refundable Fee	$995	Free	Refund

Challenge

We outlined the requirements, targets, and benefits at 2 challenge stages. This way you can gain a clear understanding of this challenge. You can pay for a challenge with cryptocurrency or credit card. Trials are free. 

Phase 1:

• Traders operate on a demo account, simulating real trading conditions.
• Profit target: 10% of the account size.
• There are no specific time limits for reaching the profit target, allowing traders to trade at their own pace.
• Minimum trading days: 5 days.
• Maximum drawdown limit: 5% of the account size.
• Successful completion of phase one is required to progress.

Phase 2:

• Traders continue to trade on a demo account.
• Profit target: 8% of the account size.
• There are no predefined time limits for achieving the profit target allowing flexibility.
• Traders must meet the consistency rule ( 60% consistency rule), limiting the total profits on their best trading day.
• Successful completion of phase 2 leads to becoming a funded trader.

Once you pass Phase 2 the FunderPro team  will assess your account based on certain criteria and if all requirements are fulfilled you will receive your Live Funded Account.

When  you become funded, you can trade on a live account with a full STP/ECN broker. Because of this, you are required to fully verify your identity. Here you will be asked for: 

• Proof of identification (passport, national ID card, or driving license)
• Proof of address (a household bill or similar within the last 6 months)

Risk Management and Profitability

FunderPro has strict drawdown limits to help traders effectively manage risk. By enforcing a daily drawdown limit of 5%, traders are protected from significant losses.

FunderPro has an overall drawdown limit of 10%. This means traders must ensure their losses do not exceed 10% of their account size at any given time. 

The profit target varies depending on the phase of the challenge. Phase 1 requires traders to achieve a 10% profit target and 8% at Phase 2. 

During Phase 2, FunderPro applies the consistency rule. This rule states that no single-day profit should account for 60% or more of the total profit generated throughout the challenge. 

Top 3 Funded Trader Benefits:

1. Transition on a live trading account.
2. No minimum trading days.
3. Profit share: 80/20 in favor of the funded trader.

Tradable Assets

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

Here is the leverage available for FunderPro assets: 

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

What Does it Mean to Trade with Leverage?

Leverage in trading helps you to open a trading position using a small amount in order to take a much larger position in the market. By borrowing money to invest, you can increase your returns and potentially earn more than without using leverage.

For example:

If you have $5,000, you can leverage your trading position up to 200 times or more. So, if you leveraged at 200:1, you would be exposing yourself to managing a position of $1,000,000.

FunderPro Advantages

FunderPro offers traders a straightforward system for effectively managing risk and reliable profits. What sets them apart from other funding firms is focus on fast market changes and ease of use. 

Biggest advantage is that FunderPro allows you to keep trades overnight and throughout the weekends, giving you a valuable edge in capitalizing on market shifts.

Trading Platforms: MT4, MT5 and TradeLocker

FunderPro offers support for popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker.

MetaTrader 4 (MT4) Explained:

• Tools for market analysis and trade execution.
• Technical indicators for in-depth market analysis.
• Advanced charting of price movements.
• Customizable trading strategies.
• Backtesting and optimizing trading strategies.
• Supports automated trading systems.
• Historical data for analysis and strategy.

MetaTrader 5 (MT5) Explained:

• Broad range of tradable assets: forex, stocks, commodities and cryptocurrencies.
• Enhanced interface and speed for efficient trading.
• Depth of market (DOM) functionality for a detailed view of buy and sell orders.
• Built-in technical indicators for market analysis.
• Strategy tester for optimizing and testing trading strategies.
• Multi-asset capabilities for diversifying trading.

TradeLocker Explained:

• User-friendly platform
• Advanced analytical features, charts, and customizable indicators for technical analysis.
• Make trades quickly with just one click without delay.
• Trade with real capital. Access stop-loss and take-profit functions for better trade control.
• Fully optimized mobile platform, enabling you to trade from any location anytime.
• Charting, customizable indicators,multiple timeframes. Integrated with TradingView.
• In-App Trading. You can execute trades directly from the platform.
• Deep liquidity and real-time data across assets.
• Manage risk effectively with a minimum lot size of 0.01 lots.

FunderPro Features

Innovative Dashboard

The platform provides convenience and accuracy for traders. All-in-one analytics solution gives essential data for your success.

Real Capital FundedTrading Accounts

With this account, you have the opportunity to trade in the market with FunderPro capital. 

FunderPro provides STP (Straight Through Processing) execution for trades. This means you can execute your trades without having to worry about re-quotes or market manipulation.

Weekly Trade Payouts

Fast and reliable weekly trading profit payouts. Once you prove your trading skills, you’ll be eligible for weekly profit splits. Your first split is available just 7 days after your first trade. Simply request your regular payouts for any profits (first minimum profit you must have is $100) you generate and they’ll process your payment in less than 24 hours.

• Weekly payouts
• Keep 80% of your profits
• Scale your profits up to $5,000,000
• Receive payouts in less than 48 hours

FunderPro Leaderboard

See the top 10 Traders on FunderPro. Check their starting balance, cumulative profit & loss, return, average winning trade, number of trades, and detailed trading history. 

Support 24/7

• 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.

Education & Support for Traders

FunderPro provides plenty of educational content on its website. Most of the educational content is available in the blog section and FAQ pages. 

FunderPro Social Media: 

• Facebook page: https://www.facebook.com/profile.php?id=100090403660101 
• Instagram account: https://www.instagram.com/funderpro/?igshid=YmMyMTA2M2Y%3D
• Twitter (X) account: https://mobile.twitter.com/FunderProfx
• Youtube channel: https://www.youtube.com/channel/UCQtiScqbSAfe_xnkcXkOQMQ
• LinkedIn channel: https://www.linkedin.com/company/funderprofx/
• Discord channel: https://discord.gg/S8nVAEQdSG

Funding Process and Scaling Plan

Manage risk effectively with FunderPro’s strict drawdown limits. Daily limit of 5% ensures you won’t lose more than 5% of your account size in a single trading day.

Overall drawdown limit is 10%. This means you can’t exceed a 10% loss of your account size at any given time. It’s all about controlling risk and keeping you in the game.

You can increase your account balance gradually over time with a 50% increase every 3 months. 

Which broker does FunderPro use?

One of the top brokers that uses FunderPro is OspreyFX.

Conclusion

With their evaluation programs, traders can choose from different account sizes and work towards realistic profit targets. Reach 10% in Phase 1 and 8% in Phase 2 to become eligible for funds and profit splits.

With maximum daily and loss rules in place, trading responsibly is a priority. FunderPro allows you to scale your accounts up to $5 million, earning an impressive 80% profit split. FunderPro stands out with their excellent conditions, making them a potential powerhouse in the industry.

We would recommend FunderPro to anyone who is looking for a prop firm with relaxed trading rules. After considering everything FunderPro has to offer, they are for sure one of the more potential proprietary trading firms in the industry.