Funderpro.com Reviews

Based on checking the website, Funderpro.com presents itself as a proprietary trading firm offering aspiring and experienced traders the opportunity to trade with their capital after successfully passing a challenge.

The platform outlines various challenge types tailored to different trading styles, including One-Phase, Regular 2-Phase, and Swing 2-Phase challenges, each with distinct rules regarding profit targets, drawdowns, and leverage.

The overall impression is that FunderPro targets traders seeking significant capital and flexible trading conditions, positioning itself as a transparent and fair partner.

This review will delve into the intricacies of FunderPro’s offerings, scrutinizing its challenge structures, account types, leverage options, and specific trading rules.

We’ll unpack the stated benefits like daily rewards and examine the potential caveats, such as the consistency rule and inactivity clauses.

By dissecting these elements, you’ll gain a clearer understanding of what it truly means to engage with FunderPro, helping you determine if it aligns with your trading objectives and risk tolerance.

Consider this your into the operational mechanics and potential value proposition of FunderPro.com.

Find detailed reviews on Trustpilot, Reddit, and BBB.org.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Understanding FunderPro’s Core Business Model

FunderPro operates as a proprietary trading firm, often referred to as a “prop firm.” Their fundamental business model revolves around identifying talented traders through a series of evaluation phases, known as “challenges.” Once a trader successfully passes these challenges, they are granted access to a “funded account,” which is essentially capital provided by FunderPro for the trader to manage.

The firm then shares a significant portion of the profits generated by the trader, typically 80%, while retaining the remaining 20%. This model allows traders to scale their operations without risking their personal capital, a significant advantage for those with proven strategies but limited funds.

Prop firms like FunderPro derive revenue from multiple sources. Firstly, they charge an initial challenge fee to participate in their evaluation programs. While FunderPro states this fee is refundable upon the first reward, it still serves as a barrier to entry, ensuring only serious traders participate. Secondly, they profit from the portion of the gains generated by their funded traders. Lastly, and crucially, they also benefit from the losses incurred by traders who fail their challenges or breach the rules of a funded account. It’s important to remember that these firms are businesses with their own risk management protocols, and their success is tied to finding consistently profitable traders while mitigating their own exposure.

A Deep Dive into FunderPro’s Challenge Types

FunderPro offers three distinct challenge types, each designed to cater to different trading preferences and levels of experience.

Understanding the nuances of each is critical before committing.

One-Phase Challenge

This challenge is marketed towards “expert traders” and aims to get you funded faster with a single evaluation phase.

• Profit Target: A significant 14% profit target in the evaluation phase. For instance, on a $5,000 account, you’d need to hit $700. This is a higher percentage target compared to some other prop firms, which often hover around 8-10% for their single-phase evaluations.
• Drawdown Limits: It features a 4% maximum daily drawdown and a 7% maximum overall drawdown. These are relatively tight limits, meaning you have less room for error compared to their other challenge types. A $5,000 account, for example, would have a daily limit of $200 and an overall limit of $350.
• Leverage: Offers leverage up to 1:50 for Forex, 1:10 for Metals, Oil, Indices, 1:2 for Crypto, and 1:3 for Stocks. This is a moderate leverage offering, suitable for disciplined trading but perhaps less aggressive than some high-leverage options.
• Consistency Rule: This is a crucial element: “The earnings of your best trading day should not exceed 15% of your total profits.” This rule effectively prevents “gambling” or hitting the profit target in one lucky trade. It also requires a minimum of 7 trading days to satisfy the consistency rule, even with no explicit duration limit. This means even if you hit your target on day 1, you’ll need to continue trading for six more days.

Regular 2-Phase Challenge

This is their standard offering, designed for traders who might want higher leverage and fewer restrictions.

• Profit Targets: This challenge has two phases: Phase 1 requires a 10% profit target, and Phase 2 requires an 8% profit target. For a $5,000 account, that’s $500 in Phase 1 and $400 in Phase 2. This structure is common among prop firms, giving traders a slightly more forgiving path than a single-phase model with a high target.
• Drawdown Limits: Features a 5% maximum daily drawdown and a 10% maximum overall drawdown. These are more generous than the One-Phase challenge, providing more breathing room for typical intraday fluctuations. For a $5,000 account, daily drawdown is $250, and overall is $500.
• Leverage: Offers higher leverage than the One-Phase challenge: up to 1:100 for Forex, 1:50 for Metals, Oil, Indices, 1:2 for Crypto, and 1:5 for Stocks. This higher leverage can amplify both profits and losses, demanding robust risk management.
• Consistency Rule: The rule states, “The earnings of your best trading day should not exceed 45% of your total profits.” This is significantly more lenient than the One-Phase challenge’s 15% rule. It also requires a minimum of 3 trading days to satisfy the consistency rule. This suggests they allow for slightly more aggressive trading styles in this challenge.

Swing 2-Phase Challenge

Aimed at traders who prefer longer-term positions, including holding trades over news events and weekends.

• Profit Targets: Similar to the Regular 2-Phase, it has two phases with a 10% profit target for Phase 1 and an 8% profit target for Phase 2.
• Drawdown Limits: Identical to the Regular 2-Phase: 5% maximum daily drawdown and 10% maximum overall drawdown.
• Leverage: Offers lower leverage compared to the Regular 2-Phase, designed for less aggressive, longer-term holding: up to 1:30 for Forex, 1:10 for Metals, Oil, Indices, 1:1 for Crypto, and 1:2 for Stocks. This reduced leverage aligns with the nature of swing trading, where positions are held for extended periods.
• Consistency Rule: The rule states, “The earnings of your best trading day should not exceed 45% of your total profits.” Similar to the Regular 2-Phase, this is a more flexible rule than the One-Phase challenge, also requiring a minimum of 3 trading days.
• News & Weekend Holding: This is the key differentiator: you can hold positions over news and weekends on Swing Accounts. This is a significant advantage for swing traders who need to capture larger market moves.

In summary, FunderPro attempts to cater to diverse trading strategies, but it’s crucial to select the challenge that genuinely aligns with your approach. The One-Phase challenge is undeniably more restrictive with its tight drawdown limits and stringent consistency rule, demanding exceptional precision and steady performance. The Regular and Swing 2-Phase challenges offer more flexibility, with the Swing option specifically designed for those who need to hold positions. Always consider your actual trading style and risk tolerance when choosing a challenge.

Key Features and Benefits: What FunderPro Advertises

FunderPro highlights several features they believe set them apart in the prop trading industry. Let’s break down these advertised benefits.

Daily Rewards

This is perhaps FunderPro’s most emphasized feature.

They claim to offer “rewards from the first trade” and “real daily rewards.”

• Frequency: FunderPro states, “Rewards whenever you want. Enjoy daily rewards.” Specifically, once you have a funded account, you can request a reward every time your balance is in profit of at least 1% on the original account balance. You can even request multiple rewards in a day. This stands in stark contrast to the “Industry Average” of 7 to 30 days for reward frequency, as per their comparison table.
• Processing Time: The average reward processing time is advertised as 8 hours. This rapid payout mechanism is designed to appeal to traders who value quick access to their earnings, reducing the waiting period commonly associated with prop firm payouts.
• Benefit for Traders: For profitable traders, this means consistent access to their earnings, which can be a strong psychological motivator and improve cash flow management. It also suggests a higher level of trust from the firm, as they are willing to release profits frequently.

80% Profit Split

FunderPro offers a standard 80/20 profit split, where funded traders receive 80% of the profits they generate.

• Industry Standard: While some firms offer higher splits e.g., 90%, an 80% profit split is generally considered competitive and fair within the prop trading industry. Many reputable firms offer this exact percentage.
• Alignment of Interests: FunderPro explicitly states, “With our funding model, our interests are always aligned with yours. We are looking for the best traders and we want them to succeed, so we have no interest in manipulating trades.” This aligns with the common belief that a high profit split encourages traders to perform, as their success directly benefits the firm.

No Trailing Drawdown

This feature is prominently advertised and is a significant advantage for traders.

• Definition: “No Trailing Drawdown” means your maximum drawdown limit does not move with your profits. Instead, it’s fixed based on your initial account balance. For example, if you start a $100k account with a 10% overall drawdown $10k, your account can never drop below $90k, regardless of how much profit you make.
• Contrast with Trailing Drawdown: Many prop firms use a “trailing drawdown,” where the drawdown limit adjusts upward as your account balance increases. This can be problematic because if you make a significant profit, your drawdown limit might also move up, leaving you with less room to absorb a temporary pullback. A fixed drawdown offers more flexibility and reduces the psychological pressure of managing a constantly shifting maximum loss.
• Benefit for Traders: This feature significantly reduces the pressure on traders, allowing them to manage their risk more effectively without the fear of a moving target. It promotes a more stable trading environment.

$0 Per Lot Commissions

FunderPro states that they charge “$0 per lot commissions.”

• Cost Savings: This is a direct cost saving for traders, as commissions can accumulate quickly, especially for active traders. By eliminating these fees, FunderPro makes trading more cost-effective.
• Transparency: The absence of hidden commission structures adds to the transparency of their offering, as traders can clearly see their trading costs or lack thereof upfront.

News & Weekend Holding Specific to Swing Challenge

While not a blanket feature, the ability to hold positions over news and weekends is a key benefit for Swing Challenge participants.

• Flexibility: This offers considerable flexibility for traders who implement strategies that involve holding trades for several days or weeks, including through volatile news events or over non-trading days.
• Strategy Compatibility: This makes the Swing Challenge highly suitable for swing traders, position traders, and those who employ strategies that cannot be confined to intraday sessions. It’s explicitly stated that “News trading is never allowed in FunderPro,” which implies they might define “news trading” as opening positions during the immediate window of a major news release, but holding through it is permitted for swing accounts. Clarification on this nuance would be beneficial.

These advertised features collectively paint a picture of a prop firm that is trying to be trader-friendly, emphasizing rapid payouts, clear profit splits, and less restrictive drawdown mechanics compared to some industry norms.

Account Sizes and Pricing: What Will It Cost You?

FunderPro offers a range of account sizes across its three challenge types, catering to different capital requirements and risk appetites.

Each challenge comes with a specific, upfront fee, which FunderPro states is refundable upon a trader’s first profit withdrawal.

Challenge Fees and Account Sizes

The pricing structure varies depending on the challenge type and the initial capital size you aim to manage.

Here’s a breakdown of the challenge fees for different account sizes.

• One-Phase Challenge:

  • $5k account: $79
  • $10k account: $139
  • $25k account: $249
  • $50k account: $349
  • $100k account: $549
  • $150k account: $819
  • $200k account: $1,099

  The fees for the One-Phase challenge are generally higher than the equivalent Regular 2-Phase options, likely reflecting the perceived speed and reduced evaluation steps.

• Regular 2-Phase Challenge:
  Notably, the fees for the Regular 2-Phase challenge are identical to the One-Phase challenge. This is an interesting pricing decision, as one might expect the single-phase option to command a premium. The website text also indicates these fees are initially listed as “$0 Free” then show the refundable price. This might be a marketing strategy to highlight the refundability.

• Swing 2-Phase Challenge:

  • $5k account: $89
  • $10k account: $149
  • $25k account: $269
  • $50k account: $379
  • $100k account: $599
  • $150k account: $899
  • $200k account: $1,199

  The fees for the Swing 2-Phase challenge are slightly higher across the board compared to the Regular and One-Phase challenges.

This premium likely reflects the added flexibility of holding positions over news and weekends, which can be a valuable feature for certain trading strategies.

Refundable Fee Mechanism

FunderPro explicitly states that the challenge fee is fully refunded once you receive your first reward from a funded account.

• Incentive: This refund mechanism serves as a strong incentive for traders to not only pass the challenge but also to become profitable once funded. It mitigates the initial financial outlay, making the barrier to entry seem less daunting.
• Risk for Trader: However, it’s crucial to understand that if a trader fails the challenge, or if they pass the challenge but then fail to generate profit in the funded account that reaches the 1% threshold for withdrawal, the fee is not refunded. This means the initial fee is essentially a sunk cost for unsuccessful traders.

Comparison to Industry Averages

While FunderPro’s fees are competitive, it’s worth noting the varying structures across the prop trading industry.

Some firms offer lower initial fees but might have stricter rules or less favorable profit splits.

Others might have higher fees but offer larger funded accounts or more lenient trading conditions.

For instance, a $100,000 account challenge might range from $500 to $700 on average across various prop firms.

FunderPro’s $549 Regular/One-Phase to $599 Swing for a $100k account falls squarely within this competitive range.

The key differentiator remains the specific rules, particularly the drawdown limits and consistency requirements, which impact the actual difficulty of passing.

In essence, FunderPro’s pricing model is straightforward: pay an upfront fee, pass the challenge, become profitable, and get your fee back.

The financial risk for the trader is primarily the initial fee if they cannot meet the firm’s strict performance criteria.

Trading Rules and Conditions: The Fine Print You Need to Know

Beyond the high-level features, the success or failure of a trader within a prop firm heavily depends on adhering to the specific trading rules and conditions.

FunderPro details several critical parameters that traders must respect.

Profit Target

This is the benchmark you need to hit to pass each phase of the challenge.

• One-Phase Challenge: Requires a 14% profit target. For a $5,000 account, this translates to $700. This is a relatively high target for a single phase.

• Regular & Swing 2-Phase Challenges:

  • Phase 1: 10% profit target e.g., $500 for a $5,000 account.
  • Phase 2: 8% profit target e.g., $400 for a $5,000 account.

  The two-phase structure with lower individual profit targets can be perceived as more achievable for many traders, as it breaks down the goal into smaller, manageable increments.

Maximum Daily Drawdown

This rule dictates the maximum loss your account can sustain within a single trading day from the starting equity at 00:00 GMT+3. Breaching this rule results in immediate failure of the challenge or termination of the funded account.

• One-Phase Challenge: 4% maximum daily drawdown. For a $5,000 account, this is $200. This is a very tight daily leash.
• Regular & Swing 2-Phase Challenges: 5% maximum daily drawdown. For a $5,000 account, this is $250. This provides slightly more breathing room than the One-Phase.
• Calculation: FunderPro clarifies that this is calculated on your equity at the start of the day snapshot taken at 5:00 p.m. EST. This is crucial as it includes all floating losses and profits, meaning unrealized losses contribute to your daily drawdown.

Maximum Overall Drawdown

This is the absolute maximum loss your account can incur from its initial balance.

If your equity including floating losses drops below this threshold at any point, your challenge or funded account is terminated.

• One-Phase Challenge: 7% maximum overall drawdown. For a $5,000 account, this is $350. This is a restrictive overall limit.
• Regular & Swing 2-Phase Challenges: 10% maximum overall drawdown. For a $5,000 account, this is $500. This is a more common and generally accepted overall drawdown limit in the prop firm industry.
• Calculation: It’s calculated on your initial account balance and includes equity, meaning both realized and unrealized losses count towards this limit. The fact that it’s “No Trailing Drawdown” means this initial overall limit remains fixed, which is a significant positive.

Challenge Duration

FunderPro offers unlimited time to pass your funded challenge.

• Flexibility: This is a huge advantage, as many prop firms impose strict time limits e.g., 30 or 60 days to pass their evaluations. Unlimited duration removes the pressure of rushing trades and potentially making impulsive decisions.
• Inactivity Clause: A critical caveat: “If your account is inactive for 30 consecutive days, it will be terminated.” So, while there’s no time limit to pass, you can’t simply abandon the account for extended periods.

Max Lots

This rule specifies the maximum number of open lots you can have at any given time.

• Varies by Account Size and Type: The maximum lots vary significantly by account size and challenge type. For example, a $5k Swing 2-Phase account has a max of 0.5 lots, while a $200k Regular 2-Phase account allows 20 lots. This is a standard risk management practice by prop firms to control aggregate exposure.

Leverage

The leverage provided depends on the account type and the instrument traded.

• One-Phase: Up to 1:50 for Forex. 1:10 for Metals, Oil, Indices. 1:2 for Crypto. 1:3 for Stocks.
• Regular 2-Phase: Up to 1:100 for Forex. 1:50 for Metals, Oil, Indices. 1:2 for Crypto. 1:5 for Stocks.
• Swing 2-Phase: Up to 1:30 for Forex. 1:10 for Metals, Oil, Indices. 1:1 for Crypto. 1:2 for Stocks.

The leverage is adjusted to suit the implied risk profile of each challenge type, with swing trading having the lowest leverage to discourage excessive risk-taking on longer-held positions.

Consistency Rule

This rule aims to identify consistent traders rather than those who get lucky with a single big trade.

• One-Phase: “The earnings of your best trading day should not exceed 15% of your total profits.” This is a very strict rule. If you make 20% of your total profit in one day, you’ll fail. It also requires a minimum of 7 trading days.
• Regular & Swing 2-Phase: “The earnings of your best trading day should not exceed 45% of your total profits.” This is much more lenient, allowing for stronger individual trading days. It requires a minimum of 3 trading days.

This rule is designed to ensure a consistent trading approach and prevent high-risk, high-reward “gambles” that don’t reflect sustainable profitability.

News Trading and Weekend Holding

• News Trading: “News trading is never allowed in FunderPro.” This is a firm rule. This typically means you cannot open or close positions within a specific window e.g., 2 minutes before/after of major news releases. Traders must be aware of economic calendars and avoid trading during these periods.
• Weekend Holding: Only permitted on Swing Accounts. Regular and One-Phase accounts likely require all positions to be closed before the market closes for the weekend. This is a standard risk management practice for prop firms due to potential weekend gaps.

These rules, especially the drawdown limits and consistency requirements, are crucial. Traders need to rigorously backtest and develop a strategy that can operate profitably within these constraints. Failing to understand or adhere to any of these rules will lead to the termination of the account, and the loss of the challenge fee.

Supported Trading Instruments and Platforms

Understanding what you can trade and on which platforms is fundamental for any prop firm. FunderPro provides information on both.

Trading Instruments

FunderPro offers a range of instruments across various asset classes, catering to diverse trading interests.

The availability of instruments can be crucial for traders who specialize in particular markets.

• Forex: This is typically the core offering for most prop firms, and FunderPro is no exception. They likely offer a wide array of major, minor, and exotic currency pairs.
• Metals: This would include popular precious metals like Gold XAUUSD and Silver XAGUSD, which are often traded alongside Forex.
• Oil: Commodity trading, specifically crude oil e.g., WTI, Brent, is also available, providing exposure to energy markets.
• Indices: Major stock indices e.g., S&P 500, NASDAQ, DAX allow traders to speculate on the overall performance of specific equity markets.
• Crypto: FunderPro explicitly mentions trading “Crypto on weekends” for Swing Challenges, indicating they offer cryptocurrency pairs. This is a notable inclusion as not all prop firms support crypto trading, especially on weekends.
• Stocks: Individual stock trading is also available, albeit with lower leverage compared to Forex, which is standard practice due to the inherent volatility and price action of single stocks.

The range of instruments is fairly comprehensive, covering the most popular asset classes for retail and prop traders.

The inclusion of crypto, particularly for weekend trading on swing accounts, stands out as a potentially attractive feature for crypto enthusiasts.

Trading Platforms

FunderPro integrates with modern trading platforms, offering flexibility and advanced features.

• TradeLocker: This appears to be a primary platform choice. FunderPro mentions:

  • TradeLocker API: Allowing traders to “program your own bot using the TradeLocker API.” This is a significant advantage for algorithmic traders who prefer to automate their strategies.
  • TradeLocker Studio: This is described as a tool that “allows you to create bots with the help of AI and without code.” This caters to a broader audience, including those who want automation but lack coding skills, democratizing algorithmic trading.

  TradeLocker is a relatively newer platform that emphasizes a modern interface and robust charting tools, often appealing to traders who are looking for alternatives to traditional platforms.

• cTrader: FunderPro also supports cTrader, a popular choice among many prop traders and retail traders alike.

  • cBots: For cTrader users, FunderPro confirms you “can use the cBots you program using their language and tools.” cTrader is known for its advanced charting, fast execution, and integrated cAlgo platform for algorithmic trading, making it a powerful choice for both manual and automated strategies.

• MetaTrader MT4/MT5: While not explicitly mentioned in the provided homepage text for platform integration, MetaTrader 4 MT4 and MetaTrader 5 MT5 are the industry standards for Forex and CFD trading. Most prop firms support these platforms. It would be advisable to verify if FunderPro also supports MT4/MT5, as a vast number of traders are accustomed to these platforms and have their EAs Expert Advisors and indicators built for them. Without MT4/MT5 support, their reach to the broader trading community might be limited.

The emphasis on TradeLocker and cTrader suggests a forward-thinking approach, embracing platforms that offer advanced features and algorithmic capabilities.

This indicates FunderPro’s appeal to traders who are serious about technical analysis, automated strategies, and efficient trade execution.

Support and Community: Getting Help When You Need It

In the often-intense world of trading, responsive support and a supportive community can make a significant difference. FunderPro highlights its commitment to both.

24/7 Support

FunderPro advertises “24/7 Support” for its traders.

• Availability: This round-the-clock availability, especially via live chat as mentioned in their FAQ section, is a critical feature. Trading happens across various time zones, and markets are often open continuously from Sunday evening to Friday evening EST. Having support available at any time means traders can get immediate assistance with technical issues, account queries, or rule clarifications, minimizing potential disruptions to their trading.
• Channels: While “live chat” is specified, it’s common for prop firms to offer support through other channels like email and a ticketing system. The efficiency and expertise of the support team are paramount, as quick and accurate resolutions directly impact a trader’s ability to operate. A truly effective 24/7 system can significantly enhance the user experience.

Community Engagement

FunderPro actively promotes its community aspect, which can be a valuable resource for traders.

• Discord Channel: They encourage users to “Join Our Discord.” Discord has become a popular platform for trading communities, offering:
  • Real-time Interaction: Traders can connect with each other, share ideas, discuss market conditions, and learn from more experienced individuals.
  • Direct Access: Often, prop firm staff or administrators are present on Discord, providing another direct line for questions and announcements.
  • Support & Motivation: A vibrant community can offer peer support, encouragement during challenging times, and a sense of belonging, which is often missing in the solitary pursuit of trading.
• Regular Events: FunderPro mentions that their community “host regular events!” These could range from:
  • Webinars: Educational sessions on trading strategies, market analysis, or platform usage.
  • Q&A Sessions: Opportunities to directly ask questions to FunderPro representatives or successful funded traders.
  • Trading Competitions: Events designed to foster healthy competition and skill development among traders.

These events can provide both educational value and networking opportunities, enhancing the overall trader experience.

Social Media Presence

FunderPro maintains a presence on multiple social media platforms, including:

• Instagram
• YouTube
• X formerly Twitter
• TikTok
• Telegram
• LinkedIn
• Facebook

This broad social media footprint serves several purposes:

• Information Dissemination: Announcing updates, new features, and market insights.
• Marketing: Reaching a wider audience and showcasing “trader success.”
• Engagement: Another avenue for interaction and customer service, although direct support queries are usually best handled via live chat or official channels.

A strong and active social media presence can contribute to a firm’s perceived legitimacy and accessibility.

However, it’s always advisable for traders to seek official support channels for critical account-related issues.

Overall, FunderPro’s emphasis on 24/7 support and building a community through Discord and social media indicates an understanding of the holistic needs of traders, aiming to provide not just capital but also an ecosystem for growth and problem-solving.

Risk Management and Drawdown Calculations Explained

One of the most critical aspects of any prop firm, and often the most misunderstood by aspiring traders, is how drawdowns are calculated and enforced.

FunderPro provides specific details on their Max Daily Drawdown and Max Overall Drawdown.

Grasping these concepts is paramount to successfully navigating their challenges and maintaining a funded account.

Max Daily Drawdown Calculation

FunderPro defines this as the maximum percentage your equity can drop from its starting point within a single trading day.

• Snapshot Time: The “snapshot is taken at 5:00 p.m. EST.” This means your starting equity for the day is recorded at this specific time. Any losses from this point, whether realized closed trades or unrealized open floating losses, contribute to your daily drawdown.
• Inclusive of Floating Losses: “This is the daily loss in percentage % from the starting equity including all floating losses & profits.” This is a crucial detail. If you start the day with $100,000 in equity and your daily drawdown limit is 5% $5,000, your equity cannot fall below $95,000 at any point during that trading day. If you have an open trade that is currently -$4,000, and you then open another trade that goes -$1,500, your total floating loss is -$5,500, which would breach the $5,000 daily drawdown limit, even if the individual trades haven’t been closed.
• Impact of Profits: If you make a profit early in the day, say $2,000, your equity for the day becomes $102,000. Your new “starting equity” for the purposes of calculating the daily drawdown for the rest of that day is still based on the 5:00 p.m. EST snapshot of $100,000. This means if you made $2,000 profit, your account is at $102,000, but if it then drops back to $95,000 a $7,000 drop from your peak, but only a $5,000 drop from your original daily starting equity, you would be out. This confirms it’s not a “trailing” daily drawdown from the intraday peak. It’s fixed from the daily start.

Max Overall Drawdown Calculation No Trailing Drawdown

This represents the maximum allowable loss from your initial account balance, from the moment you begin the challenge or receive a funded account.

• Fixed from Initial Balance: “The Overall Drawdown is calculated on your initial account balance.” This is a key differentiator. For a $100,000 Regular Challenge with a 10% overall drawdown, your account equity can never drop below $90,000.
• Equity Considered: “The equity is taken into account i.e. also unrealized losses.” Similar to the daily drawdown, this means both closed losses and current floating losses count towards this limit. If your initial balance is $100,000 and the overall drawdown is $10,000, your account cannot go below $90,000. If you have open trades that collectively put your equity at $89,999, the account is terminated.
• Advantage of No Trailing: The “No Trailing Drawdown” feature is a significant advantage. In many other prop firms, if you make substantial profits e.g., your $100k account grows to $110k, a trailing drawdown might move your maximum overall drawdown up to, say, $99k 10% below your new high-water mark. This means a small dip from your profits could still lead to termination. With FunderPro’s fixed overall drawdown, your safety net from the initial balance remains constant, regardless of how high your equity rises. This offers much more psychological comfort and allows for a more natural progression of trading without constantly worrying about a moving loss threshold.

Why These Calculations Matter

Understanding these drawdown rules is paramount for any trader considering FunderPro:

1. Strategy Adaptation: Your trading strategy must be designed to respect these limits. High-risk, high-reward strategies that involve large drawdowns will likely lead to failure.
2. Risk Management: You need precise risk management protocols in place, including position sizing and stop-loss orders, to ensure you stay within these boundaries.
3. Psychological Impact: The clarity of fixed drawdowns especially the overall can reduce trading stress. However, the daily drawdown being calculated from the daily starting equity, including floating losses, requires constant vigilance during trading hours.

FunderPro’s transparent explanation of these calculations is a positive, allowing traders to assess if their current risk management practices align with the firm’s requirements.

The Profit Split and Reward System: How You Get Paid

The ultimate goal for traders entering prop firm challenges is to get funded and earn a share of the profits.

FunderPro outlines a system designed for frequent payouts, emphasizing “Daily Rewards” and a competitive profit split.

FunderPro offers an 80% profit split to its funded traders. This means for every dollar of profit generated, $0.80 goes to the trader, and $0.20 is retained by FunderPro.

• Industry Context: This profit split is generally considered very attractive within the proprietary trading industry. While some firms might offer slightly higher splits e.g., 90% after scaling, 80% is a strong competitive offering. Many well-known prop firms typically start with a 70% or 75% split and only increase it after multiple successful payouts or significant account scaling.
• Trader Incentive: A high profit split serves as a powerful incentive for traders to perform well and consistently generate profits. The more successful the trader, the more the firm earns, creating a symbiotic relationship.

Daily Rewards and Payout Frequency

This is one of FunderPro’s standout features, touted as a significant advantage over competitors.

• Reward Request Threshold: Once you are a funded trader, you can request a reward “every time your balance is in profit of at least 1% on the original account balance.”
  • For a $100,000 funded account, this means you can request a payout as soon as you have made a profit of $1,000.
• Multiple Rewards Per Day: They explicitly state, “You can also request multiple rewards in a day.” This is an extremely flexible system, allowing high-frequency profitable traders to withdraw profits as soon as they accumulate, rather than waiting for weekly, bi-weekly, or monthly payout cycles.
• Average Processing Time: The average reward processing time is advertised as 8 hours. This rapid turnaround time is designed to minimize the waiting period for traders to access their earnings.
• Benefits Compared to Industry Norms: FunderPro directly contrasts its “Daily Rewards” with an “Industry Average” of “7 to 30 days” for reward frequency and “7 to 30 days” for the first reward wait time. This comparison highlights their commitment to immediate gratification for successful traders. This model significantly reduces the capital lock-up for traders, allowing them to reinvest or use their profits more quickly.

Refundable Fee Integration

As mentioned earlier, the initial challenge fee is fully refunded with the first profit withdrawal.

• Seamless Integration: This means that when you request your first reward, FunderPro will not only process your 80% share of the profits but also return the challenge fee you paid upfront. This makes the initial investment essentially risk-free if you become a profitable funded trader.
• No Hidden Fees: FunderPro states, “No, the only fee you pay is the initial Challenge fee. The whole fee amount will be added to your first reward after you get funded. There are also no additional rules to those stated in our terms and conditions.” This commitment to transparency regarding fees is reassuring.

In summary, FunderPro’s profit split and reward system are highly competitive, with the “daily rewards” feature being a significant differentiator.

For disciplined and consistently profitable traders, this system offers excellent access to earnings and a truly aligned interest between the firm and the trader.

Affiliates and Resources: Expanding Your Network and Knowledge

FunderPro isn’t just about trading.

It also offers opportunities for individuals to partner with them through an affiliate program and provides resources for trader education and market analysis.

Affiliate Program

FunderPro explicitly offers an “Affiliate Program” and invites interested parties to “Become an Affiliate.”

• Business Growth: Affiliate programs are common in online businesses, including prop firms. They serve as a marketing strategy where individuals or entities affiliates promote FunderPro’s services and earn a commission for every new trader they refer who signs up and, typically, completes a certain action like purchasing a challenge.
• Passive Income Opportunity: For individuals with a network in the trading community e.g., financial influencers, trading educators, blog writers, this can be a legitimate way to earn passive income. The commission structure would need to be thoroughly reviewed on their affiliate page to understand the earning potential and payout terms.
• Transparency: A well-structured affiliate program can be a sign of a company looking to expand its reach through a mutually beneficial partnership, provided the terms are clear and fair.

Resources for Traders

FunderPro also provides resources aimed at supporting their traders and the broader trading community.

• Economic Calendar: This is a fundamental tool for any trader. An economic calendar lists upcoming economic data releases, central bank meetings, and other events that can significantly impact financial markets.

  • Forecasting: Traders use this to anticipate market volatility, plan their trades around high-impact news, and understand the fundamental drivers of currency pairs, commodities, and indices.
  • Risk Management: It’s particularly crucial for prop firm traders due to rules like “News Trading is never allowed” though holding over news is allowed for swing accounts. An economic calendar helps traders identify and avoid restricted trading periods.

• Blog: A blog section on a prop firm’s website often provides:

  • Educational Content: Articles on trading strategies, risk management, market psychology, and platform tutorials.
  • Market Analysis: Insights into current market trends, fundamental analysis, and technical setups.
  • Company News: Updates on FunderPro’s services, features, and achievements.

  A well-maintained blog can be a valuable learning resource, especially for aspiring and intermediate traders looking to improve their skills and market understanding.

• Tools for Traders: While not explicitly detailed, “Tools for Traders” could encompass various utilities:

  • Trading Calculators: Such as position size calculators, margin calculators, or risk-reward calculators.
  • Market Heatmaps: Visual representations of market performance.
  • Trading Journals: Templates or integrated features to help traders track their performance and analyze their trades.
  • Proprietary Tools: FunderPro mentions “TradeLocker Studio, which allows you to create bots with the help of AI and without code,” which falls under this category as a valuable tool for automated trading.

These tools are designed to enhance a trader’s efficiency, analytical capabilities, and overall trading process.

The provision of an economic calendar and a blog demonstrates FunderPro’s understanding that successful trading requires more than just capital.

It requires continuous learning and access to relevant information.

The affiliate program, meanwhile, indicates their strategy for scaling their business by leveraging community influence.

Country Restrictions and Compliance

Before into any prop trading firm, it’s essential to understand if your geographical location is supported.

FunderPro explicitly lists countries from which it cannot fund traders.

This is a critical piece of information for compliance and accessibility.

List of Restricted Countries

FunderPro states: “Unfortunately, we cannot fund traders from the countries listed below.

Please note that the list can change at any time and is decided by our partner broker.”

The current list of restricted countries includes:

• Afghanistan
• Belarus
• Central African Republic
• Congo the Democratic Republic of
• Cuba
• Haiti
• Iran
• Iraq
• Libya
• Mali
• Myanmar Burma
• North Korea
• Somalia
• Sudan
• Syria
• The Russian Federation
• Donetsk Region of Ukraine
• Zaporizhzhia Region of Ukraine
• Luhansk Region of Ukraine
• Kherson Region of Ukraine
• Crimea Region of Ukraine
• Sevastopol Region of Ukraine
• Venezuela
• Yemen

Reasons for Restrictions

These restrictions are typically in place due to a combination of factors:

1. International Sanctions: Many of the listed countries are subject to international sanctions imposed by major global bodies like the UN, US, EU. Financial institutions and businesses operating globally must comply with these sanctions to avoid legal repercussions.
2. Anti-Money Laundering AML / Know Your Customer KYC Regulations: Countries with perceived higher risks of money laundering or terrorist financing may be excluded due to stricter compliance requirements that are difficult or costly to meet.
3. Broker Partnership Limitations: As FunderPro explicitly states, the list “is decided by our partner broker.” The broker they use for executing trades will have its own licensing, regulatory obligations, and risk assessments that dictate which jurisdictions they can serve. If a broker cannot operate in a certain country, FunderPro, being reliant on that broker for trade execution, cannot onboard clients from there.
4. Political Instability / High-Risk Jurisdictions: Some countries are excluded due to political instability, ongoing conflicts, or a general high-risk assessment that makes doing business there untenable from a legal or operational perspective.

Implications for Traders

• Verify Eligibility: It is absolutely crucial for prospective traders to check this list thoroughly before attempting to sign up or purchase a challenge. Failure to do so could lead to wasted time and effort, as well as the inability to get funded or withdraw profits.
• Dynamic Nature of the List: The warning that “the list can change at any time” means traders should periodically re-verify their eligibility, especially if there are geopolitical shifts or changes in international regulations.
• VPN Usage: Attempting to bypass these restrictions using a Virtual Private Network VPN is highly discouraged. Prop firms, like other financial service providers, conduct robust KYC checks. Misrepresenting your location will almost certainly lead to account termination and potential forfeiture of any funds, as it is a breach of their terms and conditions and possibly illegal.

This transparency regarding country restrictions is a positive sign, as it manages expectations upfront and aligns with regulatory compliance standards.

Traders from unsupported regions should seek out prop firms that are legally able to serve their location.

Frequently Asked Questions

What is FunderPro.com?

FunderPro.com is a proprietary trading firm that offers capital to skilled traders after they successfully pass an evaluation process called a “challenge.” Traders who pass manage funded accounts and receive an 80% share of the profits they generate.

How does FunderPro’s challenge work?

FunderPro offers three challenge types: One-Phase, Regular 2-Phase, and Swing 2-Phase.

Traders must meet specific profit targets while staying within daily and overall drawdown limits. Once passed, they receive a funded account.

What are the profit targets for FunderPro challenges?

For the One-Phase Challenge, the profit target is 14%. For Regular and Swing 2-Phase Challenges, Phase 1 requires a 10% profit target, and Phase 2 requires an 8% profit target.

What is the maximum daily drawdown on FunderPro?

The maximum daily drawdown is 4% for the One-Phase Challenge and Funded Accounts, and 5% for Regular and Swing Challenges and Funded Accounts.

This is calculated from your equity at 00:00 GMT+3 server time.

What is the maximum overall drawdown on FunderPro?

The maximum overall drawdown is 7% for the One-Phase Challenge and Funded Accounts, and 10% for Regular and Swing Challenges and Funded Accounts.

This is calculated from your initial account balance and includes unrealized losses.

Does FunderPro have a trailing drawdown?

No, FunderPro explicitly states they have “No Trailing Drawdown.” The overall drawdown is fixed based on your initial account balance, providing more flexibility for traders.

How often can I request a payout from FunderPro?

You can request a payout from a funded account whenever your balance is in profit of at least 1% of your original account balance. You can even request multiple payouts in one day. Drsantoshisingh.com Reviews

What is the profit split at FunderPro?

FunderPro offers an 80% profit split, meaning funded traders receive 80% of the profits they generate.

Is the challenge fee refundable at FunderPro?

Yes, the initial challenge fee is fully refunded once you receive your first profit withdrawal from your funded account.

Can I hold trades over weekends and news events with FunderPro?

Only traders with a Swing 2-Phase Challenge or Funded Account can hold positions over news and weekends.

News trading opening positions during specific news windows is generally not allowed across all account types.

What trading platforms does FunderPro support?

FunderPro supports TradeLocker and cTrader.

They also mention tools like TradeLocker API for bot programming and TradeLocker Studio for AI-assisted, no-code bot creation, and cBots for cTrader.

Can I use Expert Advisors EAs or trading bots on FunderPro?

Yes, FunderPro allows the use of trading bots.

You can program your own using the TradeLocker API, use TradeLocker Studio for AI-assisted bot creation, or utilize cBots if you trade on cTrader.

What is the consistency rule on FunderPro?

For the One-Phase Challenge, the earnings of your best trading day should not exceed 15% of your total profits, and you need a minimum of 7 trading days.

For Regular and Swing 2-Phase Challenges, the best day’s earnings should not exceed 45% of total profits, with a minimum of 3 trading days. Makkahgateway.co.uk Reviews

Are there any hidden fees with FunderPro?

No, FunderPro states there are no hidden rules or fees.

The only fee is the initial challenge fee, which is refunded with your first profit withdrawal. They also claim $0 per lot commissions.

What financial instruments can I trade with FunderPro?

You can trade Forex, Metals, Oil, Indices, Crypto including weekends on Swing accounts, and Stocks through FunderPro.

Is there a time limit to pass the FunderPro challenge?

No, FunderPro offers unlimited time to pass your funded challenge.

However, your account will be terminated if it remains inactive for 30 consecutive days.

How quickly are FunderPro payouts processed?

The average reward processing time is advertised as 8 hours once you request a withdrawal from your funded account.

Does FunderPro have a community or support system?

Yes, FunderPro offers 24/7 support via live chat and encourages traders to join their Discord community for interaction and regular events.

They also maintain a presence on various social media platforms.

What countries are restricted from trading with FunderPro?

FunderPro cannot fund traders from Afghanistan, Belarus, Central African Republic, Democratic Republic of Congo, Cuba, Haiti, Iran, Iraq, Libya, Mali, Myanmar Burma, North Korea, Somalia, Sudan, Syria, The Russian Federation, and specific Ukrainian regions Donetsk, Zaporizhzhia, Luhansk, Kherson, Crimea, Sevastopol, Venezuela, and Yemen. This list is subject to change.

What happens if I violate a trading rule on FunderPro?

If you violate any of FunderPro’s trading rules, such as exceeding the daily or overall drawdown limits, your challenge will be failed, or your funded account will be terminated, and your initial fee will not be refunded. Drivo.com Reviews