Syndicate Funded positions itself as a dynamic prop trading firm that emphasizes trader support through flexible evaluation challenges, high profit splits, and a commitment to transparency. With accessible trading conditions, low latency execution, and opportunities for capital scaling, Syndicate Funded aims to offer a comprehensive solution for both novice and experienced traders looking to enhance their trading careers. But is it the right fit for you? Our in-depth review explores all aspects of Syndicate Funded, from trading conditions to potential limitations, to help you make an informed decision.

Syndicate Funded Review: Is This the Right Prop Firm for You?

Syndicate Funded is a Dubai, UAE-based prop trading firm that aims to empower beginner traders by providing them with the tools and resources necessary for success in the financial markets. The company claims to differentiate itself with competitive terms and a supportive trading environment designed to help traders achieve their goals.

Does Syndicate Funded Offer a 90% Profit Split?

Syndicate Funded stands out by offering a 90% profit split, which is higher than the industry standard of 80%. This generous profit share is intended to demonstrate the firm’s commitment to its traders, allowing them to retain a larger portion of their earnings and potentially enhancing their trading experience.

How Do Payouts Work at Syndicate Funded?

Traders at Syndicate Funded can expect bi-weekly payouts, with the first payout available just 14 days after making the initial trade on a funded account. Payouts are managed through their partner, RiseWorks.io, which provides multiple withdrawal options to cater to traders’ needs.

Are There Any Trading Restrictions at Syndicate Funded?

Syndicate Funded prides itself on offering a trading environment free of restrictions. Traders are free to use various strategies, including news trading, martingale/hedging, and weekend trading, without the worry of hidden rules or limitations that could impact their performance.

What Are the Profit Targets at Syndicate Funded?

Syndicate Funded sets competitive profit targets, requiring traders to achieve 8% in Phase 1 and 5% in Phase 2. These targets are considered more attainable compared to other firms, providing traders with an opportunity to get funded with greater ease and efficiency.

Does Syndicate Funded Offer Competitive Trading Conditions?

The firm offers minimal slippage and competitive spreads starting at 0.1 pips, which can enhance trading efficiency and profitability. These conditions are designed to support traders by minimizing trading costs and maximizing potential profits.

Other Notable Features of Syndicate Funded

• Location: Based in Dubai, UAE
• Refundable Fees: Syndicate Funded offers 100% refundable fees.
• Capital Scaling: Traders can access up to $2 million in scaled capital.
• No Time Limits: The firm does not impose time constraints on traders.

Syndicate Funded Challenges: 1 Step vs. 2 Step

Syndicate Funded offers two types of trading challenges for aspiring prop traders: the 1 Step Challenge and the 2 Step Challenge. Both options cater to different trading preferences and provide varying conditions to suit traders’ needs. Below is a detailed comparison of the two challenges, focusing on the key metrics and costs associated with each.

1 Step Challenge Details

• Max Trading Days: Not applicable.
• Virtual Profit Target: 12%.
• Max Drawdown: 10% ($10,000) for a $100K account.
• Max Daily Drawdown: 5%.
• Max Virtual Capital Growth: $4,000,000.
• Minimum Trading Days: 5.
• 0% Commission: Yes.
• Trade Through News: Yes.
• Hold Over The Weekend: Yes.

Cost: $557.70 for a $100K account.

2 Step Challenge Details

Phase 1

• Max Trading Days: Not applicable.
• Virtual Profit Target: 8%.
• Max Drawdown: 10% ($10,000) for a $100K account.
• Max Daily Drawdown: 5%.
• Max Virtual Capital Growth: $4,000,000.
• Minimum Trading Days: 5.
• 0% Commission: Yes.
• Trade Through News: Yes.
• Hold Over The Weekend: Yes.

Phase 2

• Max Trading Days: Not applicable.
• Virtual Profit Target: 4%.
• Max Drawdown: 10% ($10,000) for a $100K account.
• Max Daily Drawdown: 5%.
• Max Virtual Capital Growth: $4,000,000.
• Minimum Trading Days: 5.
• 0% Commission: Yes.
• Trade Through News: Yes.
• Hold Over The Weekend: Yes.

Funded Account

• Max Trading Days: Not applicable.
• Max Drawdown: 8% ($8,000) for a $100K account.
• Max Daily Drawdown: 4%.
• Max Virtual Capital Growth: $4,000,000.
• Minimum Trading Days: 5.
• 0% Commission: Yes.
• Trade Through News: No.
• Hold Over The Weekend: No.

Cost: $507 for a $100K account.

Key Points

• The 1 Step Challenge has a higher profit target of 12% but offers the simplicity of a single phase.
• The 2 Step Challenge features lower profit targets in each phase (8% in Phase 1 and 4% in Phase 2), which may appeal to traders seeking a more gradual approach.
• Both challenges provide zero commission trading and allow trading through news and holding positions over the weekend during the challenge phases. However, the funded account phase has restrictions on news trading and holding positions over the weekend.
• The funded accounts have scalability up to $4 million in virtual capital growth, providing significant potential for successful traders.

Syndicate Funded Trading Platforms: What Do They Offer?

Syndicate Funded aims to identify and support skilled traders by offering a range of trading platforms that cater to various trading styles and preferences. The firm provides access to a diverse set of tools, ensuring that traders can find a platform that best suits their needs.

Available Platforms at Syndicate Funded

• Tradelocker
• Platform 5
• Coming Soon: Additional platforms are expected to be introduced, expanding options for traders.

Trading with Syndicate Funded: What Can You Expect?

Syndicate Funded allows traders to operate globally through a trusted broker, offering access to different trading platforms. The firm provides a trader-friendly dashboard that enables users to monitor their trading progress efficiently. Their accounts feature deep liquidity and fast execution, with ECN spreads designed specifically for day traders, scalpers, and expert advisors.

Does Syndicate Funded Offer Competitive Spreads?

Syndicate Funded boasts some of the lowest spreads in the industry, starting from 0.0 pips. The firm emphasizes true market pricing and execution, aiming to provide a trading environment that enhances the overall trading experience by minimizing costs and improving trade efficiency.

Key Features of Syndicate Funded Platforms

• Global trading access through trusted brokers.
• Comprehensive and user-friendly dashboard for monitoring progress.
• Deep liquidity and fast trade execution.
• ECN spreads tailored for day trading and scalping strategies.
• Commitment to providing a supportive trading environment.

Frequently Asked Questions About Syndicate Funded

Syndicate Funded offers a variety of prop trading programs designed to support traders at different levels of experience. The firm primarily utilizes Blueberry Markets as its broker, providing a trading environment with institutional-grade liquidity, ultra-low latency, and competitive trading conditions, including raw spreads starting from 0.1 pips and commission-free trading. Syndicate Funded operates on a proprietary trading model, meaning it does not act as a broker or accept deposits for personal trading. Instead, traders engage with simulated accounts during the evaluation and experienced trader stages, with potential performance fees paid only to qualified traders hired as external analysts.

The firm offers flexible evaluation challenges with no time limits, a leverage of 1:100, and rules that accommodate a wide range of trading styles during the evaluation phase. However, certain strategies, such as grid trading and martingale, are restricted during the experienced trader stage to maintain realistic and sustainable trading practices. Payouts are processed via cryptocurrency or bank transfers, and traders can scale their accounts up to a maximum capital allocation of $400,000. The firm’s rules include drawdown limits, consistency requirements, and restrictions on account management, designed to ensure disciplined trading and protect the firm’s capital. Overall, Syndicate Funded provides a structured yet flexible environment for traders looking to prove and scale their trading skills.

Conclusion: Is Syndicate Funded the Right Prop Firm for You?

Syndicate Funded presents itself as a versatile and supportive prop trading firm with a focus on providing traders with a transparent and accessible trading environment. With its generous profit splits, competitive trading conditions, and multiple trading challenges, Syndicate Funded aims to appeal to traders at various experience levels. The firm’s commitment to low trading costs, flexible trading styles during evaluations, and the absence of hidden rules are standout features that make it an attractive option for many traders. However, potential traders should carefully consider the restrictions and rules that apply during the experienced trader stage, especially those related to specific trading strategies that are prohibited, such as grid trading and martingale approaches.

These limitations may impact traders who rely heavily on these strategies. Additionally, while Syndicate Funded’s high leverage and zero-commission structure provide ample opportunities, the firm’s drawdown limits and consistency rules could pose challenges for some traders, particularly those new to prop trading or with less experience in managing risk. The payout process, structured around a step-by-step increase in performance commissions, demonstrates a thoughtful approach to managing both trader and firm interests, ensuring that successful traders can gradually earn more while maintaining disciplined trading practices.

The option to scale up to $400,000 in buying power further underscores Syndicate Funded’s commitment to supporting traders’ growth and potential for substantial profitability. Overall, Syndicate Funded offers a robust platform for traders seeking a prop firm with clear rules, a supportive environment, and opportunities for significant capital growth. However, traders should carefully evaluate their trading styles and risk management capabilities to align with the firm’s requirements. For those who can navigate its structure effectively, Syndicate Funded provides a promising pathway to professional trading success.

In conclusion, Syndicate Funded is well-suited for disciplined traders who value transparency and flexibility during the evaluation phase but are also willing to adhere to stricter rules once funded. Its focus on creating a fair trading environment, coupled with competitive spreads, low latency execution, and a favorable profit-sharing model, makes it a compelling choice among prop trading firms. As with any trading endeavor, due diligence is essential, and prospective traders should weigh the pros and cons carefully to determine if Syndicate Funded aligns with their trading goals and strategy preferences.