Forex Capital Funds

Forex Capital Funds aim to facilitate quick and convenient access to global markets at significantly reduced expenses compared to the current prop trading industry. Their goal extends beyond offering competitive pricing. They also aspire to revolutionize prop traders’ perceptions of what they can accomplish within a trader funding program on a more significant basis.

Who are Forex Capital Funds?

Forex Capital Funds is a newer prop trading firm based in the Netherlands, Europe. They were incorporated in July 2023 and are offering undercapitalized traders up to $600,000 in funding with a profit split of 80% up to 90% while being partnered with Eightcap as their broker.

Their official office address is Fascinatio Boulevard 708, 2909 VA Capelle aan den IJssel.

Who is the CEO of Forex Capital Funds?

Finn ter Wal and Stefan Verheul are co-founders of Forex Capital Funds.

Finn Ter Wal is a 24-year-old Dutch trader who has a plethora of experience in the trading world. Before embarking on his trading career, he successfully owned and operated an e-commerce brand. He finds immense satisfaction in fostering a vibrant community of exceptional traders and helping them reach new heights in their endeavors.

Having begun his trading journey two years ago, Finn has honed a precise trading strategy centered around market liquidity, honed through collaborations with prominent trading companies. Beyond his professional life, Finn’s enthusiasm extends to the fitness industry, where he has transformed his passion into a profession. He thrives on unleashing his creativity to explore fresh opportunities and innovative approaches.

Stefan Verhaul is a 29-year-old Dutch software trader who has a diverse background in engineering and real estate. He possesses a keen eye for detail and excels in analyzing numbers. Over the past two years, he has accumulated extensive experience trading with various software and collaborating with multiple prop trading firms.

Apart from his professional pursuits, Stefan is driven by a passion to infuse more joy and companionship within the trading community. During his spare time, he finds pleasure in engaging in fitness activities and competitive swimming.

Funding program options

Forex Capital Funds offers its traders the following evaluation program accounts to choose from.

Evaluation program accounts

Forex Capital Funds evaluation program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:30 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all the following payouts are also on a bi-weekly basis. Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You are required to reach a profit target of 7% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Evaluation program account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
• Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement, while on a funded account, you have no minimum trading day requirements.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• No copy trading allowed means that traders are not allowed to use any type of copy trading services.

What makes Forex Capital Funds different from any other prop firm? 

Forex Capital Funds is different from most of the industry-leading prop firms due to never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends.

Compared to other prop firms, the Forex Capital Funds evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You are also required to trade for a minimum of 5 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have low profit targets, average drawdown limitations, relaxed trading rules to follow, and unlimited trading periods during both evaluation phases.

Example of comparison between Forex Capital Funds & Finotive Funding:

Example of comparison between Forex Capital Funds & FundedNext:

Example of comparison between Forex Capital Funds & E8 Funding:

In conclusion, Forex Capital Funds is different from most of the industry-leading prop firms due to never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends. In addition, you also have low profit targets and average drawdown limitations while also having unlimited trading periods during both evaluation phases.

Is getting Forex Capital Funds capital realistic?

When looking at prop firms that best suit you and your forex trading style, it’s important to look at how realistic the trading requirements are. For example, a company offering a high % profit split on a highly funded account sounds great but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the evaluation program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).

After considering all of that, Forex Capital Funds is an excellent choice to get funded since evaluation program accounts that you can choose from all have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Forex Capital Funds was incorporated in July 2023, meaning that there is still no information regarding payout proof from their traders.

Payouts are processed 30 days after your first trade is placed on your funded account. You are entitled to a high 80% profit split. Payouts are processed the same day, and in case you don’t wish to withdraw your profit in 14 days, you can continue trading on your trading account until your next profit split. If you don’t have any profits at the time of withdrawal, your trading period will be automatically extended.

Which broker does Forex Capital Funds use?

Forex Capital Funds uses Eightcap as its broker.

Eightcap is an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.

As for trading platforms, you are allowed to trade on MetaTrader 4.

Trading instruments

Forex Capital Funds offers a large variety of trading Instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with up to 1:30 leverage.

Trading fees

Trading commission:

Spread:

In order to check the live spreads login to the trading account below:

Education & Support for traders

Forex Capital Funds do not provide any additional educational programs.

However, Forex Capital Funds provides traders with a well-structured trading dashboard where they can track their progress, making it easier to manage risk and view all trading objectives and important statistics.

Traders’ Comments about Forex Capital Funds

Forex Capital Funds has excellent feedback from user reviews.

On Trustpilot they have an excellent rating of 4.3/5 out of 8 reviews. However, you should note that Forex Capital Funds is still relatively new with its funding program, meaning that more feedback about them will be added in the future. The lack of feedback is due to the fact that they only started operating back in July 2023.

Social media statistics

Forex Capital Funds can also be found on social media. 

They have:

• Facebook
• Instagram
• Twitter

Support

Forex Capital Funds has a FAQ page where you can find information regarding their company and the rules that you are required to follow while participating in their evaluation program.

The support team is available on their social media, while you can also directly contact them by emailing support@forexcapitalfunds.com.

Conclusion

In conclusion, Forex Capital Funds is a new legitimate proprietary trading firm that offers traders a chance to choose between different evaluation program account sizes.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Forex Capital Funds require traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.

I would recommend Forex Capital Funds to anyone who is looking for a prop firm with straightforward trading rules. They are a new proprietary trading firm that offers excellent conditions for a big pool of individuals with unique trading styles. After considering everything Forex Capital Funds has to offer, they are for sure an attractive option within the proprietary trading firm industry.

This review about Forex Capital Funds was lastly updated on 03.08.2023 at 09:37 (CE(S)T).

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