Standout Features
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Two-Phase Evaluation Process
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Free Trial Account
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Multiple Account Sizes and Fees
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Profit Split
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Diverse Trading Platforms:
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Flexible Trading Strategies
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Account Scaling
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Risk Management Rules
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Customer Support
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Competitive Trading Conditions
In-Depth Review of FunderPro Prop Firm
FunderPro is a proprietary trading firm based in Malta, established in 2023. It offers traders the opportunity to manage substantial capital, with account sizes ranging from $25,000 to $200,000. This firm aims to empower skilled traders by providing them with the necessary resources and support to succeed in the financial markets.
Evaluation and Challenge Process
FunderPro operates a thorough two-phase evaluation process designed to assess and validate the skills of traders before granting them access to funded accounts:
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Phase One: Traders must achieve a 10% profit target without exceeding a 5% daily loss or a 10% total loss. There is no maximum time limit for this phase, but a minimum of five trading days is required (55brokers) (Modest Money).
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Phase Two: This verification phase has an 8% profit target with the same drawdown limits as Phase One. Additionally, traders must adhere to the consistency rule, ensuring that the profit on their best trading day does not exceed 60% of their total profits. There is no predefined time limit, allowing traders to proceed at their own pace while maintaining a minimum of five trading days (Modest Money) (Funded Program).
Upon successful completion of both phases, traders transition to live funded accounts, maintaining the same risk management rules but without any set profit targets (55brokers) (Forex Prop Forum).
Free Trial Account
One of the standout features of FunderPro is its free trial account. This allows prospective traders to explore the platform's features without any financial commitment. The trial lasts for five days and can be repeated after a waiting period of five days. Traders who perform well during the free trial, reaching a profit target, can convert this into a live funded account challenge. They may even start the challenge with up to a 5% head start based on their trial performance (Modest Money) (Funded Program).
Account Types and Fees
FunderPro offers multiple account sizes to suit different levels of trading experience and financial commitment:
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$25,000 Account: Fee of $249
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$50,000 Account: Fee of $349
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$100,000 Account: Fee of $549
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$200,000 Account: Fee of $989
GET A 10% Discount HERE
All fees are refundable upon successful completion of the evaluation phases and conversion to a funded account (Modest Money) (Forex Prop Forum).
Profit Split and Payouts
Traders who succeed in the evaluation are entitled to retain 80% of the profits they generate. FunderPro offers daily payouts for accounts in profit by at least $100, providing flexibility and quick access to earnings. Payouts can be processed via various methods, including crypto transfers, bank transfers, and services like Wise (55brokers) (Modest Money).
Trading Platforms and Conditions
FunderPro supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker, which features advanced charting tools powered by TradingView. The firm provides access to a broad range of trading instruments such as forex pairs, commodities, indices, metals, and cryptocurrencies. Leverage is set at up to 1:100 for forex and cryptocurrencies, and up to 1:200 for metals and indices (55brokers) (Funded Program) (Forex Prop Forum).
Special Features and Support
FunderPro distinguishes itself with features like weekend trading, news trading, and various account scaling options. Successful traders can increase their account balance by 50% every three months, potentially scaling up to $5 million, provided they consistently meet profit targets. The firm's policy allows popular trading strategies such as News Trading, Swing Trading, EA Trading, and Weekend Holding, offering flexibility for traders to implement diverse strategies (55brokers) (Modest Money).
Customer support at FunderPro is robust, with a dedicated team available to assist traders and an extensive FAQ section on their website. User reviews frequently highlight the firm's excellent customer service and supportive trading environment (Modest Money) (Funded Program).
Conclusion
FunderPro appears to be a promising option for traders looking to leverage their skills with substantial funding and supportive trading conditions. With a structured evaluation process, competitive profit splits, and a variety of account options, it offers a compelling package for both novice and experienced traders. The availability of a free trial account that can transition into a funded account challenge adds significant value for traders looking to test the waters before committing financially. However, as with any trading firm, it's crucial to thoroughly understand the terms and conditions, as well as the inherent risks involved in trading.
For more detailed information and to read user reviews, you can visit the FunderPro website or trusted review platforms (55brokers) (Modest Money) (Funded Program) (Forex Prop Forum).
Standout Features
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Three-Stage Evaluation Process
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Profit Split
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Diverse Account Sizes and Fees
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State-of-the-Art Trading Platforms
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Comprehensive Educational Resources
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Psychological Support and Trading Psychology Resources
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Free Trial Account
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Robust Risk Management Rules
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Account Scaling Plan
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Global Reach and Community Support
In-Depth Review of FTMO Prop Firm
FTMO is a highly regarded proprietary trading firm that provides traders with the opportunity to trade significant capital without risking their own funds. Founded in 2015, FTMO has established itself as a leading firm in the industry, known for its robust evaluation process and comprehensive trader support systems.
Evaluation Process
The FTMO evaluation process is designed to identify talented traders and consists of two main stages: the FTMO Challenge and the Verification phase.
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FTMO Challenge: This initial stage tests a trader's ability to meet specific profit targets while adhering to strict risk management rules. Traders must achieve a 10% profit target within 30 days without exceeding a daily loss limit of 5% or a total loss limit of 10%. At least 10 trading days are required during this period (Modest Money) (Safe Prop Firms) (Smarter Choice).
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Verification Phase: Upon passing the FTMO Challenge, traders enter the Verification phase. This stage has a reduced profit target of 5% and a 60-day period to meet the requirements. The same loss limits apply, ensuring traders can demonstrate consistent profitability (Modest Money) (Day Trading) (Smarter Choice).
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Account Types and Fees
FTMO offers several account sizes, each with an associated fee. The fees are refundable upon successful completion of the evaluation phases:
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$10,000 Account: €155
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$25,000 Account: €250
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$50,000 Account: €345
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$100,000 Account: €540
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$200,000 Account: €1,080
FTMO also offers a free 14-day trial to help traders get a feel for the platform and refine their strategies before committing financially (Day Trading) (Traders Union).
Profit Split and Scaling Plan
Successful FTMO traders can keep up to 90% of the profits they generate. Additionally, FTMO operates a scaling plan that allows traders to increase their account size by 25% every four months if they achieve a 10% profit over that period, with at least two out of four months being profitable. This scaling can potentially grow a trader’s capital up to $600,000 over time (Modest Money) (Safe Prop Firms) (Traders Union).
Trading Platforms and Tools
FTMO supports several popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms come equipped with advanced charting tools, market indicators, and trading robots, providing a comprehensive trading environment (Day Trading) (MyForexGlobal).
Educational Resources and Support
FTMO places a strong emphasis on trader education and support. The FTMO Academy offers a range of educational materials, including trading courses, webinars, and one-on-one coaching. FTMO also provides various tools to aid trader development, such as the Mentor App, Account MetriX, and a detailed trading journal (Modest Money) (Safe Prop Firms) (MyForexGlobal).
Psychological Support and Risk Management
Understanding the mental challenges of trading, FTMO offers resources focused on trading psychology to help traders manage stress and maintain discipline. The firm’s emphasis on risk management ensures that traders are well-equipped to handle market volatility and protect against losses (Safe Prop Firms) (MyForexGlobal).
Global Reach and Community
FTMO boasts a global presence with traders from over 180 countries. This diverse community is supported by multilingual customer service and an active online community where traders can share insights and experiences (Modest Money) (Smarter Choice).
Conclusion
FTMO stands out as a premier proprietary trading firm, offering a structured evaluation process, generous profit splits, and a robust support system. With its comprehensive educational resources, state-of-the-art trading platforms, and commitment to trader development, FTMO provides a conducive environment for traders to succeed in the financial markets. For more information and to get started, you can visit the FTMO website or trusted review platforms (Modest Money) (Safe Prop Firms) (Day Trading) (Smarter Choice) (Traders Union) (MyForexGlobal).