Funding Frontier is a newly established prop firm. It is located and registered in the UAE, and they’re operating under UAE laws. The owners are Keashif Beyg and Zain Omar. You’ll need to pass an evaluation process to trade with Funding Frontier.
Funding Frontier: Exclusive Coupon Information
TWINSAVER: Buy One Get One Free deal, but you need to pass the first account up to $100k.
TRIPLE12: 12.5% discount on Challenge Fee, a 125% Refund, and 12% of Phase 2 Profits.
Getting to Know Funding Frontier
First Frontier FZ-LLC (“First Frontier”) is a privately-owned company registered by the Registrar of Companies, Ras Al-Khaimah Government’s Economic Zone Authority in the United Arab Emirates. The company registration number is: 880730-474P-xzsJ-44022039.
First Frontier is an educational company that runs an online educational trading community and a prop trading firm that funds its traders through its Funded Trader Program trading platform.
First Frontier is not authorized or regulated by: the Central Bank of the UAE (CB), the Securities and Commodities Authority (SCA); the Dubai Financial Services Authority (DFSA), which is the regulator of the Dubai International Financial Centre (DIFC); and the Financial Services Regulatory Authority (FSRA), which is the regulator of the Abu-Dhabi Global Market (ADGM).This means they don’t fall under any financially regulated activities.
What Trading Platforms Does Funding Frontier Offer
At Funding Frontier, you’re able to use the MT4, MT5 and cTRADER platforms.
Trading Instruments at Funding Frontier
With Funding Frontier, you have access to Forex, Indices, Crypto, and Commodities. Thanks to their partnership with ThinkMarkets, you can trade with all the trading pairs that end with ‘x’, like EURUSDx.
Payment Methods at Funding Frontier
Deposits:
- Credit/Debit Cards: A convenient, fast, and secure method to fund your account.
- PayPal: An easy method to transfer funds digitally, especially for those who prioritize security and privacy.
- Crypto: Ideal for tech savvy traders.
Withdrawals:
- Bank Transfer: A safe and traditional method of direct bank account payments.
- Crypto: You will need a crypt wallet.
Exploring Account Size Options at Funding Frontier
At Funding Frontier, you can choose from five different account sizes:$5,000; $10,000; $25,000; $50,000; $100,000.
How Funding Frontier Shares Profits
80%: 20% in traders favor. Which means, traders get to keep 80% of the profit, and Funding Frontier prop firm gets 20%.
Setting the Bar: Profit Targets at Funding Frontier
Funding Frontier establishes profit objectives for every stage, regardless of the challenge’s nature or size.
- For Phase 1, the projected profits span between 7.5% and 5%.
- When moving to Phase 2, the profit goals slightly decrease, ranging from 5% to 4%.
- In the event of a Phase 3, Funding Frontier sets a consistent profit target of 3%.
Drawdown Rules and Loss Limits at Funding Frontier
- For 2-step challenges, the highest total loss is capped at 10%.
- The 3-step challenges only allow for a maximum total loss of 5%.
- There’s a 5% daily loss limit for the 2-step challenge.
- Interestingly, the 3-step challenge comes devoid of any daily loss limit.
Number of Trading Days Allowed
The minimum trading days at Funding Frontier depend on the challenge type. The 2-step challenge has 5 minimum trading days with no maximum trading days limit. The 3-step has a 3 minimum trading days and no maximum trading days limit.
Cost of Entry for Funding Frontier’s Challenge
Check the steps and pricing on the Funding Frontier Challenge in the Table below:
| Account amount | $5,000 | $5,000 | $10,000 | $10,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-step | 3-step | 2-step | 3-step | 2-step | 3-step | 2-step | 3-step | 2-step | 3-step | 2-step |
| Price | $49 | $49 | $84 | $69 | $195 | $165 | $290 | $240 | $490 | $380 | $945 |
Fees and Commissions: What to Expect at Funding Frontier
With Funding Frontier, you can have a competitive commission rate of just $3.50 per lot, per side, adding up to only $7 for a complete round trip.
Information on Refunds at Funding Frontier
Once you open a funded account with First Frontier, remember the sign-up fee won’t be refunded. To join the Funded Trader Program, you need to pay a one-time sign-up fee to cover trading costs.
You will get a refund only when you reach Funded Status. After 30 days in Funded Status, if your account profit balance exceeds your initial capital, they’ll refund your Challenge fee.
If you don’t trade for a month, First Frontier can close your account without giving you a refund.
Free Trials
There are no free trials at Funding Frontier.
Payout Timeline at Funding Frontier
You can request a payout bi-weekly after making a first profitable trade.
Weighing the Pros and Cons of Funding Frontier (According to Trustpilot reviews
- Low profit target
- Excellent customer support
- Reliable proprietary trading firm
- Problems with site migration to Dominion Markets
- Potential undisclosed rules
Funding Frontier FAQ Section
You can trade with assets such as: Forex, commodities, indices, and crypto.
What are the spreads and commissions?
Spreads remain below 1 pip. The commission is $3.50 per lot for each side, totaling $7 for a round trip.
Are EAs allowed?
Yes, you can use EAs.
Do I have to place a stop loss on trades?
Yes. You’ll have to use a stop loss on trades once you get a funded account.
What is the difference between a Hard Breach and Soft Breach rule?
A soft breach allows continued trading on the account despite rule violations, while a hard breach results in loss of the funded account.
