FunderPro

FunderPro is a proprietary trading firm that is transforming how traders interact with financial markets by creating opportunities to trade with lower risks. They allow traders to earn high profit splits by managing account sizes up to $200,000 and taking home a profit split of 80%. Traders can achieve this by trading a wide range of trading instruments.

Who are FunderPro?

FunderPro is a proprietary firm incorporated in February 2023 with an office based in Malta while offering its traders a chance to work with capital up to $200,000. They are partnered with a tier-1 liquidity provider that grants them direct market access as their broker.

Their offices are located at 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta.

Another interesting fact about FunderPro is that they have announced that they will be sponsoring Oliver Bearman, a young British racing driver who is part of the Ferrari F1 Driver Academy and is currently competing with Prema Racing in FIA Formula 2. Bearman has already achieved a great deal in his career, winning several titles, including the 2021 German and Italian FIA Formula 4 Championships. He is considered to be one of the most promising talents in the sport, and FunderPro has forged a partnership to support him as he continues to progress up the ranks.

“We are thrilled to be sponsoring Ollie Bearman and supporting such a promising young talent,” said Gary Mullen, CEO of FunderPro. “As a new entrant to the proprietary trading industry, we are always seeking innovative ways to connect with our audience, and partnering with a young, dynamic driver like Ollie is a perfect fit. His journey resonates with how we approach investing in aspiring traders’ development.”

The partnership between FunderPro and Ollie Bearman will see the firm’s branding displayed on Ollie’s racing car, suit, and social media channels during the F2 race calendar. FunderPro and Ollie’s team will work together to broaden the sponsorship’s global reach and communicate the message that success comes from hard work and perseverance. The company believes that through partnerships like this, it can make a positive impact on young people’s lives by educating them about the global markets and the communities they are part of.

Who is the CEO of FunderPro?

Gary Mullen is the CEO of FunderPro. He and his team have worked hard to create a challenge that will be, in his words, ”a game changer” in the proprietary trading firm industry. This is due to the fact that they have eliminated all the complicated trading rules while also presenting traders with unlimited time to complete the challenge.

He and his team are excited to offer traders worldwide the opportunity to showcase their trading skills and trade their capital in order to receive real capital gains. In addition, he also believes that all the additional resources that FunderPro is offering will also help traders improve their trading performance, meaning that they will start achieving better results while working with them.

FunderPro was brought to market by Red Acre Group, which is an innovative fintech powerhouse with cutting-edge technology at the heart of its operational framework. Red Acre Group is a leading expert in several advanced industries, including fintech and blockchain technology. The firm offers outstanding business solutions to organizations seeking to outsource professionals in order to elevate their operations to new heights. The primary aim of Red Acre Ltd is to minimize the challenges of running a business and devise strategies, platforms, and sustainable solutions for optimal performance and success in the long term.

Video Review

Funding program options

FunderPro offers its traders the following evaluation program accounts to choose from.

Evaluation program accounts

FunderPro evaluation program accounts aim to identify consistent and disciplined traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100.

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You have no maximum trading day time limitations in phase one, meaning that you can take your time with your trades. However, you do have a minimum five trading day limitation in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You have no maximum trading day time limitations in phase two, meaning that you can take your time with your trades. However, you do have a minimum five trading day limitation 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 7 calendar days from the day you place your first position on your funded account. Note that after you receive your first payout, all of your next payouts will be based on a weekly basis. Your profit split will be 80% 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 10% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 50% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $300,000.

After next 3 months: Balance of $300,000 increases to $400,000.

After next 3 months: Balance of $400,000 increases to $500,000.

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 10% while phase 2 has a profit target of 8%. 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. However, on a funded account, you have no minimum trading day requirements.
• The consistency rule is a rule that requires traders to have consistent position sizes, risk management, losses, gains, etc… Meaning that the characteristics of the account results should not differentiate drastically. The profits earned on your best trade must not exceed 60% of the overall profit target. Note that this rule is only applicable in phase two of your evaluation.

What makes FunderPro different from other prop firms?

FunderPro 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, FunderPro evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 8% 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 no maximum time limitations on both evaluation phases and achievable profit targets.

Example of comparison between FunderPro & My Forex Funds

Example of comparison between FunderPro & Finotive Funding

Example of comparison between FunderPro & FundedNext

In conclusion, FunderPro is different from most of the industry-leading prop firms due to their relaxed trading rules. You can trade during news, hold trades overnight, and during the weekends. They also have no time limitations on both evaluation phases. However, when it comes to profit targets in the evaluation phases, they are competitive and achievable.

Is getting FunderPro’s capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. 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 above average but not unaccessible profit targets (10% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss). In addition, there are also no maximum trading period limitations in both evaluation phases.

After considering all of that, FunderPro 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

FundedPro was incorporated in February 2023. After getting funded, your first payout will be available in 7 calendar days if you are in profit. After that, traders are eligible for payouts on a weekly basis.

When it comes to examples of payment proof, you can check the following video where the CEO of FundedPro, Gary Mullen, interviewed their first funded trader.

Or you can check the payout certificate below:

Which broker does FunderPro use?

FunderPro doesn’t trade with common broker brands. They are partnered with a tier-1 liquidity provider that supplies the institutional data feed with the direct market access execution model on their live corporate accounts.

As for trading platforms, they allow you to trade on the classic MetaTrader 4 and MetaTrader 5. In addition, traders can also choose TradeLocker, which is a cutting-edge trading platform with charts powered by TradingView, allowing users to take their trading experience to the next level.

Trading instruments

FunderPro allows you to trade forex pairs, commodities, indices, and cryptocurrencies.

Trading fees

Trading commission:

Spread:

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

Education & Support for traders

FunderPro provides plenty of educational content on its website. It’s located in the blog section of the website.

In addition, FunderPro also provides traders with a well-structured dashboard, making it easier to manage risk with all the live statistics of their trading objectives.

Traders’ Comments about FunderPro

FunderPro has excellent feedback from user reviews.

On Trustpilot, they have an excellent rating of 4.5/5 out of 16 reviews. However, you should note that FunderPro 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 February 2023.

Social media statistics

FunderPro can also be found on social media.

They have a:

• Facebook page with 4 followers,
• Instagram account with 25 followers,
• Twitter account with 3 followers,
• Youtube channel with no subscribers and no uploaded videos, and
• LinkedIn channel with 24 followers.

In addition, FunderPro also has a Discord channel with 286 members and a Telegram group with 12 members for their community to interact.

Support

FunderPro has a FAQ section at the bottom of its homepage. There you will be able to find the information that you might have been missing.

The support team is available on their social media, or you can send them a message on their website or contact them by email: support@funderpro.com.

In addition, they also have a live chat support team that is available 24/7.

Conclusion

In conclusion, FunderPro is a 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. FunderPro requires traders to reach profit targets of 10% in phase one and 8% in phase two before becoming funded. Both targets are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With the evaluation programs, you can earn 80% profit splits while also being able to scale your accounts up to $5 million.

I would recommend FunderPro to anyone who is looking for a prop firm with relaxed trading rules. While they are still a relatively new firm, they offer excellent conditions for a big pool of individuals with unique trading styles. After considering everything FunderPro has to offer, they are for sure one of the more potential proprietary trading firms in the industry.

This review about FunderPro was lastly updated on 07.07.2023 at 13:53 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does FunderPro have the instruments that you want to trade?

Let us know if you enjoyed our FunderPro Proprietary Trading firm review!

FunderPro Review (discount code: forexpropreviews) Details