15. Funder Pro

FunderPro employs a two-phase evaluation process to assess the potential of their traders. During this process, traders are provided with a demo account containing virtual funds, allowing them to trade while their performance is closely monitored by FunderPro. As a proprietary trading firm, FunderPro is revolutionizing the way traders engage with financial markets by offering opportunities to trade with reduced risks. They enable traders to earn substantial profit splits by managing account sizes of up to $200,000 and retaining 80% of the profits. Traders can achieve this by trading a diverse range of financial instruments.

Who are FunderPro?

FunderPro, established in February 2023, is a proprietary trading firm with its office located in Malta. Traders have the opportunity to work with capital of up to $200,000 through FunderPro. As their broker, they have partnered with a tier-1 liquidity provider, granting them direct market access. The firm's offices are situated at 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta.

Who is the CEO of FunderPro?

Gary Mullen is the CEO of FunderPro

Funding program options

Traders on FunderPro can select from a range of evaluation program accounts as follows.

Evaluation program accounts

The evaluation program accounts offered by FunderPro are designed to discover traders who demonstrate consistency and discipline. Traders who excel in the two-phase evaluation period are duly rewarded. With the evaluation program account, traders have the opportunity to trade with leverage of 1:100.

Account Size - Prices

$25,000 - $250

$50,000 - $300

$100,000 - $550

$200,000 - $995

During the evaluation phase one of FunderPro, traders must achieve a profit target of 10% without exceeding the maximum daily loss of 5% or maximum loss of 10%. There are no specific time limitations for trading days in phase one, allowing traders to take their time with their trades. However, a minimum of five trading days is required to proceed to phase two.

In evaluation phase two, traders need to reach a profit target of 8% while adhering to the maximum daily loss of 5% and maximum loss of 10%. Similar to phase one, there are no time limitations for trading days in phase two, providing flexibility in trade execution. Again, a minimum of five trading days is necessary to advance to a funded account.

Upon successful completion of both evaluation phases, traders receive a funded account without profit targets. The focus shifts to respecting the maximum daily loss of 5% and maximum loss of 10%. The first payout is issued seven calendar days after placing the first position in the funded account. Subsequent payouts are then scheduled on a weekly basis. Traders receive a profit split of 80% based on the profits generated from their funded account.

Evaluation program account scaling plan

The evaluation program accounts offered by FunderPro also come with a scaling plan. To progress in the program, traders must achieve a profit target of 10% or more within a three-month period, with at least two out of the three months being profitable. Upon meeting this requirement, the account balance is increased by 50% of the original account balance.

For example:

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

After the next 3 months: The balance of $300,000 will increase to $400,000.

After the subsequent 3 months: The balance of $400,000 will increase to $500,000.

And so on...

In terms of trading instruments, the evaluation program accounts allow trading in forex pairs, commodities, indices, and cryptocurrencies. Traders have the opportunity to explore a diverse range of financial instruments within the program.

Evaluation program account rules

• The profit target represents a predetermined percentage of profit that traders need to achieve in order to complete an evaluation phase, withdraw profits, or scale their account. In phase 1 of the evaluation, the profit target is set at 10%, while in phase 2, it is lowered to 8%. It's worth noting that funded accounts do not have specific profit targets, providing traders with more flexibility in their trading activities.

• The maximum daily loss refers to the highest allowable loss that a trader can incur within a single day before their account is considered violated. For all account sizes, there is a uniform maximum daily loss limit of 5%. This means that traders should aim to manage their trades and risk in a way that keeps their daily losses within this predefined threshold to maintain compliance with the account rules.

• The maximum loss represents the highest permissible cumulative loss that a trader can experience before their account is considered violated. Regardless of the account size, there is a uniform maximum loss limit of 10%. This means that traders must manage their trades and risk in a manner that prevents their total losses from exceeding this predefined threshold to remain compliant with the account regulations.

• The minimum trading days refer to the minimum duration that traders must actively engage in trading before they can successfully complete an evaluation phase or initiate a withdrawal request. Both evaluation phases mandate a minimum of five trading days to be fulfilled. However, once a trader transitions to a funded account, there are no longer any minimum trading day requirements imposed.

• The consistency rule pertains to maintaining consistent position sizes, risk management, losses, gains, and other relevant factors in trading. It implies that the account's performance should not exhibit significant variations. Specifically, in phase two of the evaluation, the profits obtained from your most profitable trade should not surpass 60% of the overall profit target. It is important to note that this rule applies exclusively during phase two of the evaluation process.

What makes FunderPro different from other prop firms?

FunderPro stands out from the majority of industry-leading prop firms by not imposing restrictions on your trading style. You have the freedom to trade during news events, hold positions overnight, and even over the weekends.

In comparison to other prop firms, FunderPro's evaluation program follows a two-phase structure where traders must successfully complete both phases to become eligible for payouts. In phase one, the profit target is set at 10%, while in phase two, it is 8%. Traders are also expected to adhere to the 5% maximum daily loss and 10% maximum loss rules. Additionally, a minimum of 5 trading days is required in each phase before progressing to the funded stage.

FunderPro's evaluation programs include a scaling plan that sets them apart from other industry-leading prop firms. Notably, there are no specific time limitations for completing the evaluation phases, and the profit targets are attainable.

A comparative example between Funder Pro and FTMO:

A comparative example between Funder Pro and E8 Funding:

A comparative example between Funder Pro and Finotive Funding:

Is getting FunderPro’s capital realistic?

When assessing prop firms that align with your forex trading style, it is crucial to evaluate the realism of their trading requirements. While it may seem appealing to join a company that offers a high percentage profit split on a well-funded account, if they expect unrealistically high monthly gains with extremely low maximum drawdowns, your chances of success may be minimal.

FunderPro's evaluation program accounts provide a realistic path to receiving capital. The profit targets set for each phase (10% in phase one and 5% in phase two) are above average but not unattainable. The maximum loss rules are also reasonable, with a 5% maximum daily loss and 10% maximum loss. Moreover, there are no restrictions on the trading period during both evaluation phases.

Considering these factors, FunderPro emerges as an excellent choice for obtaining funding. Their evaluation program accounts offer realistic trading objectives and conditions to qualify for payouts.

Which broker does FunderPro use?

FunderPro stands apart from typical broker brands as they have formed a partnership with a tier-1 liquidity provider. This collaboration grants them access to institutional data feeds and enables the execution of trades through a direct market access model on their live corporate accounts.

In terms of trading platforms, FunderPro offers the popular MetaTrader 4 and MetaTrader 5 platforms. These well-established platforms provide traders with a familiar and robust trading environment. Additionally, traders also have the option to choose TradeLocker, an advanced trading platform featuring dynamic charts powered by TradingView. This integration elevates the trading experience and empowers users with enhanced charting capabilities.

Trading instruments

Summary

To summarize, FunderPro is a reputable proprietary trading firm that provides traders with the opportunity to choose from various evaluation program account sizes.

The evaluation programs consist of a standard two-phase evaluation process, which must be completed in order to become funded and eligible for profit splits. FunderPro sets realistic profit targets of 10% in phase one and 8% in phase two, while enforcing a 5% maximum daily loss and 10% maximum loss rule. These targets and rules create attainable trading objectives. Additionally, traders have the potential to earn 80% profit splits and can scale their accounts up to $5 million.

If you prefer prop firms with more flexible trading rules, I highly recommend FunderPro. Although they are a relatively new firm, they offer favorable conditions for traders with diverse trading styles. Taking into account all that FunderPro has to offer, they demonstrate significant potential as a proprietary trading firm in the industry.