Let me tell you, Prop trading is no longer Wall Street’s best-kept secret; it’s rapidly becoming the talk of the financial world. As the allure of leveraging firm capital appeals to more traders, prop trading is witnessing a significant rise in popularity.
This surge is not just about the thrill of trading larger sums but also about the unique benefits it offers, such as access to advanced trading platforms, comprehensive educational resources, and the potential for high earnings without personal capital risk.
In response to this growing interest, the landscape is evolving with a bevy of new prop trading firms springing up, each promising to pave the way for aspiring traders to achieve success in the global markets. One such company is FunderPro.
Established in 2023 FunderPro is making waves in the proprietary trading game. It’s set to redefine trader engagement with the financial markets by offering the opportunity to manage accounts up to $200,000, coupled with enticing profit splits of 80%.
Traders at FunderPro can diversify their strategies across various markets, including forex, commodities, indices, and cryptocurrencies. With these offerings, a significant question arises among traders and observers alike: is FunderPro legit? Continue reading as I cover this question and more.
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Is FunderPro Legit?
Since FunderPro only started in February 2023, it’s understandable to wonder if it’s a legitimate operation. Looking at what other users have to say, FunderPro has earned a decent TrustPilot score of 4.3 out of 5 stars, suggesting that most users think well of it.
On top of user reviews, the story behind FunderPro adds to its credibility. Led by CEO Gary Mullen, the firm aims to change the game in prop trading by simplifying the experience for traders. They’ve done away with complicated rules and give traders as much time as they need to pass a unique two-step test.
This laid-back approach is something not many prop firms offer. Also, FunderPro is backed by Red Acre Group, a company known for its innovations in fintech and blockchain technology. This backing suggests FunderPro is built on solid, modern technological foundations. All these points together paint a picture of FunderPro as a potentially trustworthy choice in the prop trading world.
FunderPro Evaluation Rules
Like most prop firms these days, FunderPro offers different types of evaluations to fit different trading styles and needs. Here is my breakdown:
Initial Evaluation (Phase 1): Traders begin their journey with FunderPro tasked with reaching a 10% profit target while adhering to strict risk parameters: a maximum daily loss limit of 5% and a total loss threshold of 10%. Unlike some programs, FunderPro provides flexibility with no upper time limit for this phase but requires a minimum of five active trading days to qualify for advancement.Verification Phase (Phase 2): This subsequent phase mirrors the initial one but with a slightly lower profit objective of 8%. The daily and total loss limits remain unchanged, ensuring traders maintain prudent risk management strategies. Similar to Phase 1, there’s a requirement for at least five trading days to ensure consistency and dedication.
Key Rules and Guidelines:
Consistency Rule: Unique to Phase 2, this rule ensures traders don’t rely on large, risky trades by capping the maximum daily profit to 60% of the total evaluation period profits, promoting a steady, strategic approach.
FunderPro’s Funding Tiers and Conditions:
Regular Evaluation: Traders can manage between $25,000 to $200,000 with leverage up to 1:200. This tier is for those who demonstrate a balanced blend of profitability and risk control over the two-step evaluation process.Swing Evaluation: Offering similar funding levels with adjusted leverage up to 1:30, this option is tailored for traders who adopt a longer-term, perhaps less aggressive, trading approach.Fast Track: Aimed at experienced traders, this single-phase program fast-tracks the process, with traders managing substantial funds by meeting a set 12% profit target while adhering to specified loss limits.
FunderPro Pricing
To fit traders’ risk tolerance, FunderPro has different account size options with corresponding prices. Here is what you need to know:
$25,000 Account Size: For those starting or preferring to trade with a lower capital risk, this option is priced at $250, offering an accessible entry point into proprietary trading.$50,000 Account Size: Mid-level traders looking for a balance between risk and potential return might find the $50,000 account size appealing, with a price of $300 to start.$100,000 Account Size: More experienced traders aiming for higher stakes and greater profit opportunities can opt for this account, which comes at a cost of $550.$200,000 Account Size: This is the premium offering for serious traders ready to manage significant capital. The price for accessing this account size is $995, catering to those with substantial trading strategies and goals.
Make sure to check FunderPro Coupon Code for periodic discounts.
Final Thoughts
In the buzzing world of prop trading, FunderPro is catching eyes. Since 2023, it’s been offering a sweet deal: manage big bucks and enjoy hefty profit shares, all while trading a mix of assets like forex and crypto.
But here’s the big question: is FunderPro legit? With solid ratings on TrustPilot and backing from the tech-savvy Red Acre Group, it seems FunderPro is making a genuine mark as a legit prop trading firm.
So, whether you’re a trading pro or just starting, FunderPro’s approachable yet ambitious platform might be the opportunity you’re looking for.
Keen to see if FunderPro fits your trading game? Click Here to get started or learn more.
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