TradingFunds

TradingFunds takes great pride in offering a state-of-the-art prop trading experience that fills the void experienced by numerous traders. This empowers their traders to effortlessly navigate worldwide markets and execute trades swiftly and accurately. Having established a verifiable history of delivering success to traders, they have earned a reputation as a reliable ally for traders across the globe.

Who are TradingFunds?

TradingFunds is a relatively new proprietary trading firm that was incorporated in February 2023 with offices based in Dubai, United Arab Emirates. They are offering disciplined and undercapitalized traders up to $2,000,000 in funding with a profit split of 80% up to 90% while being partnered with Eightcap as their broker.

Their main office is located in the Emirates Financial Tower in Dubai.

Who is the CEO of TradingFunds?

Philip Hall is the CEO of Trading Funds. Note that we will be adding more information about their CEO in the future. Stay tuned!

Funding program options

TradingFunds offers its traders a one-step evaluation program with four different account sizes.

Evaluation program accounts

TradingFunds evaluation program aims to identify serious traders and enable them to earn more profits from their trading activity. They are rewarded for their consistency in the one-phase evaluation period. The evaluation program account allows you to trade with a starting leverage of 1:10.

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing the 6% maximum trailing drawdown rule. Your evaluation account has no minimum or maximum trading day requirements. The only requirement to become funded is hitting the profit target.

By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 6% maximum trailing loss rule. Your first payout is 14 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 10% in order to scale your account to the next level. You will receive an account increase based on the image below, depending on the account size that you are trading 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. Evaluation programs have a profit target of 10%. Funded accounts have no profit targets.
• Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 6%.
• Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
• Stop-loss risk per position means that a trader must set a specific percentage based stop-loss on every position before they can open a trade. A stop-loss risk of 2% is required for each position.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• 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.

What makes TadingFunds different from any other prop firm? 

TradingFunds 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. However, you should note that you are required to respect the mandatory stop-loss rule and the 2% maximum risk per instrument.

Compared to other prop firms, the TradingFunds evaluation program is a one-phase evaluation program that requires traders to complete and hit a profit target before being eligible for payouts. The profit target for the evaluation program is 10%, with a 6% maximum trailing drawdown, required stop-loss, and 2% maximum stop-loss per instrument rules. On the other hand, you have no minimum or maximum trading days period. Evaluation program accounts also have a scaling plan. Compared to other industry-leading prop firms, they have no time limitations, meaning that you have the flexibility to reach your target at your own pace without the pressure of any time constraints.

In conclusion, TradingFunds 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. However, you are required to respect the mandatory stop-loss rule and the 2% maximum risk per instrument while having absolutely no time limitations.

Is getting TradingFunds 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 an average 10% profit target with an average maximum loss rule (6% maximum trailing drawdown).

After considering all of that, TradingFunds 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

TradingFunds was incorporated in February 2023, meaning that there is still no information regarding payout proof from their traders.

Payouts are processed 14 days after your first trade is placed on your funded account. You are entitled to a high 80% up to 90% 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 TradingFunds use?

TradingFunds 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 can choose from the following:

• MetaTrader 4

• MetaTrader 5

Trading instruments

TradingFunds offers a large variety of trading Instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with 1:10 leverage, which can later go up to 1:100 by scaling your account.

Trading fees

Trading commission:

Spread:

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

Education & Support for traders

TradingFunds provides traders with educational content that you can access under the News section. You will be able to browse various announcements, trading tips, and general news articles regarding forex trading.

In addition, TradingFunds also have a well-structured trading dashboard where you can track your progress. This will make it easier for you to manage your risk and follow your progress on your evaluation or funded account.

Traders’ Comments about TradingFunds

TradingFunds has excellent feedback from their community. 

On Trustpilot, they have an excellent rating of 4.3/5 out of 9 reviews. However, you should note that TradingFunds is still relatively new with its evaluation 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

TradingFunds can also be found on social media. 

They have a:

• Instagram account
• Facebook page
• Twitter account

Support

TradingFunds 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@tradingfunds.com.

They also have live chat support that is active nearly 24/7.

Conclusion

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

Evaluation programs are a one-phase evaluation challenge that requires the completion of one phase before becoming funded and being eligible to earn profit splits. TradingFunds requires traders to reach a profit target of 10% before becoming funded, which are realistic trading objectives considering you have a 6% maximum trailing drawdown rule to follow. However, you are required to respect their mandatory stop-loss and 2% maximum risk per instrument rules, while you have absolutely no time limitations. With evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.

I would recommend TradingFunds to anyone who is looking for a prop firm with relaxed 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 TradingFunds has to offer, they are for sure an attractive option within the proprietary trading firm industry.

This review about TradingFunds was lastly updated on 07.07.2023 at 12:35 (CE(S)T).

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

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

TradingFunds Review (10% discount code: FOREXPROPREVIEWS) Details

 Trading platform

 Deposit Methods

 Withdrawal Methods

 Account Size

$100,000$200,000$25,000$50,000

 Tradable instruments

CommoditiesCryptoForexIndicesMetals

 Rules

Maximum trailing drawdownProfit targetStop-loss requiredStop-loss risk per positionThird-party copy trading riskThird-party EA risk