In today’s ever-evolving financial landscape, traders are constantly seeking opportunities to enhance their trading experience while minimizing risks. FunderPro, a leading proprietary trading firm, aims to transform the way traders interact with financial markets. Their promise of a simpler, lower-risk evaluation-funded account program has garnered significant attention. In this comprehensive review, we will delve deep into FunderPro’s offerings, evaluating its features, account sizes, trading rules, and overall appeal to traders.
Introduction: FunderPro’s Mission and Vision
FunderPro’s mission is quite clear from the outset. They position themselves as a gateway to lower-risk trading, revolutionizing how traders approach financial markets. The primary goal is to provide traders with a platform that not only facilitates faster trade execution but also enables them to earn profits at a greater scale. This vision is intriguing, and it sets the stage for a closer examination of FunderPro’s offerings.
FunderPro’s Lightning Speed Trading with Competitive Pricing
One of FunderPro’s standout features is its promise of lightning-speed trading with competitive pricing. Traders can access this platform from anywhere, making it convenient for both new and experienced traders. The utilization of superior technology and a mobile-optimized user interface ensures that the sign-up and checkout processes are as swift as they are user-friendly.
This focus on speed and convenience is undoubtedly appealing in today’s fast-paced trading environment. Traders need access to real-time data and rapid execution, and FunderPro seems to understand this need well.
FunderPro’s Swift Payouts: 8-Hour Average Processing Time
The efficiency of payout processing can be a critical factor for traders. FunderPro boasts an impressive 8-hour average payout processing time. This quick turnaround time can provide traders with the liquidity they need to capitalize on market opportunities. It’s worth noting that prompt payouts can contribute significantly to a trader’s overall experience and success.
FunderPro’s Profit-Sharing Model: Keep Up to 80% of Profits
One of the most attractive aspects of FunderPro’s offering is its profit-sharing model. Traders have the opportunity to keep up to 80% of their profits, which can be a substantial incentive. This model aligns FunderPro’s interests with those of the traders, as both parties benefit from profitable trading activities.
FunderPro’s Scaling Opportunities: Up to $5,000,000
FunderPro doesn’t just stop at providing traders with an opportunity to keep a significant portion of their profits; they also offer a clear path to scaling up. Traders can prove their consistency and skills through a simplified 2-step evaluation process. Once targets are met, traders can begin trading on a live STP (Straight Through Processing) account and retain 80% of their profits.
What sets FunderPro apart is the potential for continued growth. Traders can become certified FunderPro traders with the opportunity to scale their accounts incrementally. Every three months, traders can receive a 50% increase in their capital, ultimately aiming to reach an impressive $5 million. This scalability can be a game-changer for traders looking to take their strategies to the next level.
FunderPro’s Account Sizes and Refundable Fees
FunderPro offers traders the flexibility to choose their account size, catering to a wide range of trading preferences and risk appetites. Here are the available account sizes along with their corresponding refundable fees:
- $25,000 Account (Refundable fee of $250)
- $50,000 Account (Refundable fee of $300)
- $100,000 Account (Refundable fee of $550)
- $200,000 Account (Refundable fee of $995)
These refundable fees are an interesting aspect of FunderPro’s offering. They serve as a commitment from the trader and are refunded after successfully reaching Phase 3 of the evaluation process. It’s worth mentioning that the refundable nature of these fees mitigates some of the financial risk for traders.
FunderPro’s Trading Rules and Evaluation Phases
FunderPro imposes certain trading rules and evaluation phases to ensure consistency and risk management. Let’s explore these rules and phases:
Phase 1: Evaluation
- Profit Target: 10% (Unlimited Days)
- Minimum Trading Days: 5
- Max Daily Drawdown: 5%
- Max Overall Drawdown: 10%
- Available Leverage: 1:100
Phase 2: Verification
- Profit Target: 8% (Unlimited Days)
- Minimum Trading Days: 5
- Max Daily Drawdown: 5%
- Max Overall Drawdown: 10%
- Available Leverage: 1:100
Phase 3: FunderPro Trader
- Profit Target: Indefinite
- Minimum Trading Days: None
- Max Daily Drawdown: 5%
- Max Overall Drawdown: 10%
- Available Leverage: 1:100
These rules are designed to create a structured progression for traders. The profit targets, while attainable, provide a challenging yet fair benchmark for traders to meet. The absence of a minimum trading day requirement in Phase 3 allows for more flexibility and mirrors real-market conditions more closely.
The FunderPro Experience: A Closer Look
Now that we’ve covered the fundamental aspects of FunderPro, let’s delve deeper into the trader experience. What can traders expect when they decide to embark on their trading journey with FunderPro?
Account Setup and Onboarding
The process of getting started with FunderPro is straightforward and designed for efficiency. The mobile-optimized user interface ensures that you can complete the signup and account setup process quickly. This is particularly important in the fast-paced world of trading, where opportunities can arise and vanish in the blink of an eye.
Once you’ve chosen your preferred account size and paid the corresponding refundable fee, you’ll enter the evaluation phase. This is where FunderPro evaluates your trading skills and consistency based on the rules mentioned earlier. It’s important to approach this phase with a clear strategy and an understanding of the profit targets and drawdown limits.
Evaluation and Verification Phases
During the evaluation and verification phases, traders are expected to meet specific profit targets while adhering to the trading rules set by FunderPro. These phases are designed to ensure that traders can demonstrate their skills and consistency in a controlled environment before transitioning to a live STP account.
Traders should carefully monitor their trading activities to ensure they meet the profit targets while staying within the drawdown limits. These phases are also an excellent opportunity for traders to refine their strategies and trading discipline.
Live Trading as a Certified FunderPro Trader
Once you successfully complete the evaluation and verification phases, you’ll earn the coveted title of a “Certified FunderPro Trader.” This status comes with significant advantages, including the opportunity to trade on a live STP account with access to competitive pricing and rapid execution.
As a certified trader, you can also take advantage of the profit-sharing model, where you retain up to 80% of your trading profits. This can be a game-changer for traders aiming to grow their trading capital substantially.
FunderPro’s Advantages and Considerations
Advantages of FunderPro:
- Profit-Sharing Model: The opportunity to retain up to 80% of trading profits is a significant incentive for traders.
- Scalability: FunderPro’s incremental scaling, with the potential to reach up to $5 million in trading capital, sets it apart from many other trading platforms.
- Refundable Fees: The refundable fees associated with account sizes mitigate some of the financial risks for traders.
- Efficient Payouts: FunderPro’s 8-hour average payout processing time ensures that traders can access their funds swiftly.
- Structured Progression: The three-phase evaluation process allows traders to gradually build their skills and consistency.
Considerations of FunderPro:
- Profit Targets: While the profit targets are achievable, they may be challenging for some traders, and failure to meet them could result in a setback in the evaluation process.
- Drawdown Limits: Traders must be disciplined in managing drawdowns to stay within the prescribed limits.
- Risk Disclosure: As with any trading activity, there are inherent risks, and traders should carefully consider their risk tolerance and strategy.
FunderPro’s Coupon Codes & Discount
FunderPro is a prop trading firm that offers traders the opportunity to manage up to $200,000 in real funds and keep 80% of the profits. If you are interested in joining their funded trader program, you might be looking for ways to get discounts on their evaluation fees. One of the easiest ways to get discounts on FunderPro is to use coupon codes that are available online. Coupon codes are special codes that you can enter during the checkout process to get a percentage off your purchase.
To use a coupon code, you could follow these steps:
- Visit the FunderPro website and choose your account size. You can select from $25,000, $50,000, $100,000, or $200,000.
- Click on the “Buy Challenge” button and fill in your personal details and payment information.
- On the payment page, look for a box that says “Coupon Code” or “Promo Code”. Enter your coupon code and click on “Apply”.
- You should see the discount applied to your total amount. Proceed to complete your payment and start your evaluation.
By using coupon codes and taking advantage of special offers, you can save money on FunderPro and start trading with their capital. Remember to follow their rules and guidelines during the evaluation and verification phases, and you could soon become a funded trader with FunderPro. Good luck!
Conclusion: Is FunderPro Worth Considering?
FunderPro presents an intriguing proposition for traders looking to elevate their trading journey. Its unique combination of features and opportunities for profit make it worth serious consideration. Nevertheless, traders should approach this platform with a well-thought-out strategy and a clear understanding of the associated risks.
The profit-sharing model, scalability, and refundable fees offer traders a compelling reason to explore FunderPro as a potential partner in their trading endeavors. However, success ultimately depends on a trader’s skills, discipline, and ability to meet the profit targets.
In conclusion, FunderPro’s commitment to providing traders with a lower-risk trading environment and the opportunity to grow their trading capital is commendable. As with any trading venture, thorough research, careful risk management, and dedication are essential for achieving success.
FAQ
What is Funderpro’s maximum drawdown?
Funderpro’s overall maximum drawdown is 10%.
What is Funderpro’s profit target?
Funderpro’s profit target is 10% for Phase 1, 8% for Phase 2, and indefinite for Phase 3.
What are Funderpro’s minimum and maximum trading days?
Funderpro’s minimum trading days is 5 days for Phases 1 & 2, but no minimum trading days for Phase 3. On the other hand, there is no maximum limit for the number of trading days.
What are Funderpro’s challenge fees?
Here are Funderpro’s available account sizes along with their corresponding challenge fees:
- $25,000 Account (Refundable fee of $250)
- $50,000 Account (Refundable fee of $300)
- $100,000 Account (Refundable fee of $550)
- $200,000 Account (Refundable fee of $995)
Does Funderpro offer a retry?
According to the web search results, FunderPro does offer a retry option for its challenge. You can purchase an account reset for 20% less at any time during your Phase 1 (Evaluation) of your challenge.
Does Funderpro offer a fee refund?
Yes, Funderpro offers a fee refund.
What is Funderpro’s profit split?
Funderpro offers up to 80% profit split.
Does Funderpro offer a scaling plan?
Yes, Funderpro offers a scaling plan.
Does Funderpro allow expert advisors?
According to the web search results, it seems like Funderpro does not allow expert advisors.
Does Funderpro offer a free trial?
According to their website, Funderpro offers a free trial.
What is Funderpro’s minimum deposit?
According to the web search results, it seems like Funderpro does not have a minimum deposit.
What are Funderpro’s brokers?
According to the web search results, it seems like Funderpro does not disclose the name of its brokers, but it claims to use an STP model that ensures faster execution, no requotes, and no dealing desk interference.
What are Funderpro’s platforms?
Based on the web search results, Funderpro allows traders to choose from two popular platforms: MetaTrader 4 and MetaTrader 5. These platforms are widely used by traders around the world for their advanced features, user-friendly interface, and compatibility with various devices. Funderpro also provides traders with an innovative dashboard that displays important analytics and performance data.
What is Funderpro’s leverage?
Funderpro offers 1:100 leverage.
Is Funderpro legit?
Based on the web search results, FunderPro seems to be a legit and safe platform for traders who want to manage real funds and keep a high percentage of the profits. Most of the customer reviews are positive and praise the quality of the platform, the support, and the payout process. FunderPro is also a verified company on Trustpilot and has a high trust score on Scamadviser. However, some traders may find the evaluation program challenging or the trading rules restrictive. Therefore, it is advisable to do your own research and read the terms and conditions carefully before signing up with FunderPro.
Funderpro’s alternatives
If you are looking for some alternatives to FunderPro, you may want to consider the following options: FTMO, Topstep, and The5ers.
These are some of the FunderPro alternatives that you may want to check out if you are looking for a different prop firm to trade with. Each prop firm has its own advantages and disadvantages, so you should do your own research and compare them before making a decision.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
