Forexpropfirm.com Reviews

Based on looking at the website, ForexPropFirm.com positions itself as a proprietary trading firm offering individuals the chance to trade with simulated capital, aiming for profit splits and scaling opportunities.

The platform highlights its features, such as flexible trading conditions, high profit splits, and a range of evaluation models designed to identify skilled traders.

It’s designed for those looking to engage in simulated Forex, commodities, indices, stocks, and crypto trading, with the potential to earn virtual profit shares from their simulated performance.

The firm emphasizes its commitment to providing a favorable simulated trading environment, allowing various strategies like news trading, holding overnight, and the use of Expert Advisors EAs. They aim to differentiate themselves through what they describe as “no consistency rule,” “no daily drawdown,” and “no lot size or time limit” on some of their programs, which are often restrictive clauses in other prop firm offerings.

The promise of a high virtual profit split, starting at 95% and potentially scaling up to 100%, coupled with “on-demand” payouts and weekly payout options, are key selling points for aspiring simulated traders looking to monetize their skills without risking their own substantial capital.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

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 ForexPropFirm.com: A Deeper Dive into Their Offerings

ForexPropFirm.com positions itself as a facilitator for aspiring traders to demonstrate their skills in a simulated environment and earn a share of the virtual profits they generate.

The core concept revolves around challenges and evaluation programs that, if successfully completed, lead to a “funded account” where traders manage simulated capital.

This setup allows individuals to potentially leverage larger sums than their personal capital might permit, with predefined risk parameters.

What is a Prop Firm and How Does ForexPropFirm.com Fit In?

A proprietary trading firm, or “prop firm,” provides traders with capital to trade financial markets. In ForexPropFirm.com’s case, it’s simulated capital. The idea is that if you can consistently prove your trading prowess on a demo account, they might allocate you a larger simulated account and share a significant portion of the virtual profits you generate. This model is attractive because it removes the barrier of needing substantial personal capital to trade large positions.

• Traditional Prop Firms: Historically, prop firms provided actual capital, and traders shared real profits. These firms often have stringent risk management rules, and losses directly impact the firm’s bottom line.
• Modern Simulated Prop Firms: Many online prop firms, like ForexPropFirm.com, operate on a simulated model. Traders pay an upfront fee to participate in challenges. If successful, they get access to larger simulated accounts, and the firm then pays them a percentage of the virtual profits generated in that simulated environment. This distinction is crucial for understanding the nature of the “funding” provided.
• ForexPropFirm.com’s Approach: The website clearly states, “We Fund, You Profit!” However, the disclaimer clarifies: “Clients are provided with demo accounts that contain simulated funds for trading activities. Please note that all client trading operations are conducted in a simulated environment.” This means they offer a path to earning from your trading skills in a simulated setting, rather than directly managing external capital.

The Challenge Models: Your Gateway to Simulated Funding

ForexPropFirm.com offers several challenge models, each with distinct profit targets, drawdown limits, and timeframes.

These challenges serve as the evaluation phase where you demonstrate your ability to trade profitably while adhering to risk management rules.

• 1-Step Model: This is a single-phase evaluation. You need to hit a profit target without breaching daily or overall drawdown limits. The website states this model has “No Daily Drawdown” on the 2-Step Standard, but tables for 1-step models show a daily loss limit. This requires careful review of the specific program chosen.
  • Profit Target: Typically around 10% e.g., on a $5,000 account, target is $500.
  • Maximum Overall Loss: Often 6% or 10%, depending on the specific 1-step variant e.g., Standard vs. Bear/Bull.
  • Time Limit: None. This is a significant advantage, allowing traders to take their time.
  • Minimum Trading Days: None. Another flexibility point.
• 2-Step Model: This involves two phases of evaluation. Phase 1 has a higher profit target, followed by Phase 2 with a lower target.
  • Phase 1 Profit Target: Typically 8-10%.
  • Phase 2 Profit Target: Typically 5%.
  • Maximum Daily Loss: Usually 4-5% on the challenge.
  • Maximum Overall Loss: Ranges from 6% to 12% across different 2-step variants.
  • Time Limit: Phase 1 35 calendar days, Phase 2 60 calendar days. This differs from the “no time limit” highlighted on the homepage for some models.
  • Minimum Trading Days: 5 days for both phases.
• 3-Step Model: A more rigorous evaluation with three distinct phases, each with its own profit target.
  • Profit Targets: Phase 1 6%, Phase 2 5%, Phase 3 5%.
  • Maximum Daily Loss: 5%.
  • Maximum Overall Loss: 7%.
  • Time Limit: None.
  • Minimum Trading Days: 5 days for each phase.
• Instant Funding Model: This model bypasses the evaluation phase. Traders receive a simulated funded account immediately.
  • Profit Split: Ranges from 20% to 95%, depending on the specific Instant Funding plan chosen.
  • Maximum Daily Loss: 2% or 5%, depending on the plan.
  • Maximum Overall Loss: 3% or 5%, depending on the plan.
  • Minimum Trading Days: 15 days for first payout.
  • Refundable Fee: Not applicable for these models.

Profit Share and Payout System: What to Expect

The profit-sharing model is a key attraction for traders considering ForexPropFirm.com.

The potential to earn a substantial percentage of the virtual profits generated is a significant draw.

• Default Payout Ratio: The website states a default payout ratio of 95% for traders who get funded after passing a challenge. This is a very high percentage compared to many competitors, which often start at 70-80%.
• Scaling Plan Payouts: If you meet the conditions of their scaling plan, the profit ratio can reportedly increase up to 100%. This is a bold claim and implies that eventually, you could keep all virtual profits generated on a scaled account. The maximum scaled account balance can reach up to $10,000,000 in simulated capital.
• First Payout On-Demand: Traders can request their first payout “ON-DEMAND with 0% profit minimum” after waiting 15 calendar days from being funded via a challenge, or 0 trading days for Instant Funding accounts. However, the FAQ states, “You can simply trade and ask for withdrawal when you hit 5% on your funded account withdrawal is locked for the first 30 days.” This discrepancy needs clarification.
• Weekly vs. Bi-Monthly Payouts: The default payout plan without add-ons is bi-monthly. However, traders have the option for “WEEKLY payouts with add-on” if they meet a 3% minimum after their first payout.
• Payout Methods: Payouts are primarily processed through RISE, which allows withdrawal directly to a bank account or via various cryptocurrencies. If RISE is not available in a country, direct crypto or bank account payout options are offered.
• Processing Speed: Payouts are processed “every business day” once requested, with the firm aiming to approve them “as soon as possible.”

Trading Conditions and Allowed Strategies

One of the highlighted advantages of ForexPropFirm.com is its lenient trading conditions, which contrast with the stricter rules often found in other prop firms.

This flexibility can appeal to traders who employ diverse strategies. Gtwinsup.com Reviews

• News Trading: Allowed. This is a significant plus for many traders who utilize news events for their strategies.
• Holding Overnight & Over the Weekend: Allowed. This provides flexibility for swing traders who hold positions for longer durations.
• Expert Advisors EAs: Allowed. Algorithmic traders can use their automated systems, which is a common restriction with other firms.
• No Consistency Rule: The website explicitly states “No Consistency rule.” This typically means you don’t need to maintain a certain average profit per day or week, which can be a hurdle for some traders.
• No Relative Drawdown: The maximum drawdown is an absolute drawdown, meaning it’s based on the starting balance and remains static, regardless of profits. This can be more favorable than a relative drawdown that trails your highest equity point.
• No Lot Size Limit: Traders have no restrictions on the maximum lot size, only limited by their risk management and available margin.
• No Stop Loss Required: This is a noteworthy point, as many prop firms mandate stop losses. However, prudent risk management still dictates their use.
• Instruments: A wide range of instruments are available for simulated trading, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies.
• Commissions & Spreads: They claim to offer “raw spreads and low commissions,” with specific rates like $4.5/lot for FX, Crypto, Commodities, and $0.45/lot for Indices. They even provide login credentials for a demo account to check live spreads.
• Leverage: The leverage on simulated challenge and funded accounts is 1:30 for most assets, and 1:5 for Crypto and Stocks.

Technology and Platform: What Powers Their Simulated Trading

The underlying technology and trading platforms are crucial for a smooth and efficient simulated trading experience.

ForexPropFirm.com mentions utilizing an “award-winning platform.”

• Platform 5: The primary trading platform mentioned, though specific details about it are limited on the homepage.
• TradingView Integration: They highlight a “seamless integration with TradingView,” offering real-time data, intuitive interface, and powerful analytical tools. This is a big plus as TradingView is widely used and highly regarded for charting and analysis.
• MyTradingJourney MTJ Integration: ForexPropFirm.com offers an exclusive deal with MyTradingJourney, providing a free month of their advanced software or a 20% discount. MTJ is described as offering:
  • Automated analytics & detailed stats
  • Backtesting & strategy refinement tools
  • TradingView charts integration
  • Trade copier for seamless multi-account management
  • This collaboration aims to provide traders with advanced tools to enhance their simulated trading performance.

Customer Support and Community Engagement

A strong support system and active community can significantly enhance a trader’s experience, especially in a simulated prop firm environment where clarity on rules and processes is paramount.

• Responsive Support: Reviews on the homepage praise “Fast response and support,” with one user even mentioning “the CEO’s personal involvement in responding to queries and ensuring customer satisfaction.”
• Telegram and Discord Channels: ForexPropFirm.com encourages traders to join their Telegram and Discord channels for “special discount codes, promotions and updates,” and for “Payouts Proof.” These platforms can foster community and provide direct access to firm representatives.
• Transparency: The firm states, “FPF has reached a ‘TOP PROP FIRM’ level by continually listening to our clients feedback and improving along the way.” This suggests an openness to feedback and continuous improvement.

Transparency, Disclaimers, and Risk

Understanding the risks and the firm’s operational nature is paramount before engaging with any prop firm, simulated or otherwise.

ForexPropFirm.com includes comprehensive disclaimers.

• Simulated Environment: The disclaimer explicitly states: “The information on this website is for informational purposes only and should not be construed as financial advice. Forex Prop Firm does not provide financial advice or recommendations… Clients are provided with demo accounts that contain simulated funds for trading activities. Please note that all client trading operations are conducted in a simulated environment.” This is a crucial clarification.
• No Financial Advice: They clearly state they do not provide financial advice, and individuals are “solely responsible for your investment decisions and the risks associated with trading.”
• High-Risk Activity: The disclaimers emphasize that “Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!” and “The leveraged transactions are risky and are not suitable for everyone. You can lose money trading the financial markets. Profit is not guarantee.” This aligns with responsible financial guidance.
• Refund Policy: The refund policy is strict: “Since services are being rendered instantaneously upon purchase, there are no refunds. All transactions made are final.” This means the challenge fee is non-refundable once purchased.
• No “Get Rich Quick” Systems: The website explicitly states, “We don’t believe in ‘get rich quick’ systems.” This sets a realistic expectation for potential participants.
• Company Information: Owned by FPF Technology LLC, a Canadian company with a physical address in Ridgeland, MS.

Frequently Asked Questions

How does withdrawal work after passing the challenges with ForexPropFirm.com?

You can request a withdrawal after hitting a 5% virtual profit on your simulated funded account.

The first withdrawal is locked for 30 days after your first simulated trade, and subsequent withdrawals can be requested every 15 days.

Payouts are processed through RISE or crypto, or direct bank transfer if RISE is unavailable.

How many times can a client ask for a withdrawal in a month from ForexPropFirm.com?

You can ask for a withdrawal every 15 days after your initial payout.

The first payout requires a 30-day waiting period from your first simulated trade on the funded account. Airbusinessclass.com Reviews

What happens after passing the 2-Step Challenge at ForexPropFirm.com?

Upon passing, you receive a simulated “Funded Account.” Rules remain similar, but the maximum overall drawdown is 10% and daily drawdown is 5%. You are eligible for a 90% virtual profit share, which can scale up to 100% with their scaling plan.

How many challenge accounts am I allowed to have at one time with ForexPropFirm.com?

There are no restrictions on the number of active challenges you can participate in.

However, the maximum simulated funded capital allocated per trader from challenges is $400,000 every two months, which can then be scaled up further.

How can I check ForexPropFirm.com’s live spreads?

You can check their raw spreads on a demo account.

The website provides login credentials for a demo account to allow users to verify the spreads directly.

Can I do scalping on a ForexPropFirm.com account?

Yes, scalping is allowed across all their challenge and instant funding models.

Is hedging allowed on ForexPropFirm.com’s simulated funding accounts?

Yes, hedging is allowed.

However, hedging across multiple simulated accounts e.g., opening opposing trades on two separate accounts is not permitted as it doesn’t reflect a proper individual trading strategy.

Does the trading period for ForexPropFirm.com challenges include weekends?

Yes, the specified trading period e.g., 35 or 60 days for 2-step challenges refers to calendar days, which include weekends.

Are payments weekly once I complete a ForexPropFirm.com challenge?

The default payout plan is bi-monthly. Stackmoves.com Reviews

However, you can opt for weekly payouts with an add-on, provided you meet a 3% minimum virtual profit after your first payout.

What withdrawal methods does ForexPropFirm.com offer?

Their main withdrawal method is WIRE Transfer via RISE.

They also accommodate cryptocurrencies specifically BTC as an alternative for smaller payouts or if RISE is not available in your country, they will arrange direct crypto or bank account payouts.

Does ForexPropFirm.com use relative or absolute drawdown in their simulated funding program?

ForexPropFirm.com uses an absolute drawdown for the maximum drawdown, meaning it’s based on your initial simulated balance and does not trail your virtual profits. The daily drawdown is balance-based and fluctuates from the starting balance of the day.

When does ForexPropFirm.com start counting the time limit for a challenge?

The time limit for a challenge starts counting from the moment you receive the account details in your dashboard after purchasing the account.

How does the ForexPropFirm.com Scaling Plan work?

ForexPropFirm.com has a scaling plan that allows successful traders to increase their simulated capital up to $10,000,000 and their virtual profit share up to 100% by consistently generating profits on their simulated funded account. Details are available on their website.

Can I trade Indices on ForexPropFirm.com?

Yes, ForexPropFirm.com allows simulated trading of a variety of instruments including Forex, Commodities, Indices, Stocks, and Cryptocurrencies.

Are there any specific trading rules or restrictions with ForexPropFirm.com?

While they offer flexibility, such as allowing news trading, holding overnight, and EAs, specific rules regarding daily loss limits, overall loss limits, and prohibited strategies like hedging across multiple accounts apply.

All detailed trading rules are available on their Terms & Conditions page.

What is the leverage offered on ForexPropFirm.com accounts?

The leverage on both simulated challenge and funded accounts is 1:30 for most assets. Faretoindia.com Reviews

For Cryptocurrencies and Stocks, the leverage is 1:5.

Are there lot size restrictions on ForexPropFirm.com?

No, there are no fixed lot size restrictions.

The maximum lot size you can open depends on your simulated account’s free margin, your personal risk management, and the overall simulated account size.

Is ForexPropFirm.com a regulated financial institution?

No, ForexPropFirm.com explicitly states, “FPF is not a financial institution.

This website does not promote or sell any financial products or services.” They provide demo accounts with simulated funds for trading activities.

Is the fee paid for a ForexPropFirm.com challenge refundable?

No, the fee paid for an evaluation or instant funded account attempt is generally non-refundable.

The service of providing access to the evaluation is considered rendered instantaneously upon purchase.

Can I use Expert Advisors EAs with ForexPropFirm.com?

Yes, the use of Expert Advisors EAs is allowed on ForexPropFirm.com’s simulated trading platforms, offering flexibility for algorithmic traders.

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