Be Funding is a prop trading firm providing traders with an opportunity to trade forex and synthetic indices through various 1-step and 2-step programs. With generous profit splits and a structured trading environment, Be Funding is a promising option for aspiring and experienced traders alike.

Be Funding Review: What You Need to Know

Be Funding is a prop trading firm offering traders the opportunity to participate in forex and synthetic indices trading. The firm provides both 1-step and 2-step challenges for traders to prove their skills and become funded with a capital allocation of up to $500,000. As traders advance through their funded programs, they can unlock up to a 90% profit split, scale their accounts up to $1 million, and receive commission payouts bi-weekly or weekly.

1-Step Challenges

1-Step challenges include the Be Flash program for synthetic indices and the Be Fast program for forex trading. These programs are designed to evaluate traders based on a single set of trading objectives:

• Be Flash Synthetics: Traders have unlimited calendar days to achieve an 8% profit target while adhering to the 5% daily and 10% total drawdown limits. All types of Expert Advisors (EAs), including High-Frequency Trading (HFT), are permitted. Traders who meet the objectives are eligible to receive up to 90% of simulated profits.

2-Step Challenges

2-Step challenges consist of the Be Synthetics program for synthetic indices and the Be Evaluation program for forex trading. In these programs, traders must demonstrate their skills in two phases:

• Be Synthetics: Step 1 requires traders to achieve an 8% profit target with unlimited time while maintaining drawdown limits. In Step 2, traders need to reach a 5% profit target with unlimited time and adhere to the same drawdown rules. Once funded, traders can receive up to a 90% profit split.

Key Features of Be Funding

• Profit Sharing: Traders can earn up to a 90% profit split on their trades.
• Scaling Plan: The scaling plan allows traders to scale their accounts by 50% every three months, up to $1 million.
• Refundable Programs: The program fees are refundable upon the trader’s first withdrawal.
• Flexible Withdrawals: Depending on the program, traders can withdraw their profits on a bi-weekly or weekly basis.
• Wide Asset Range: Trade Forex, Spot Metals, Cryptocurrencies, Stocks, Indices, and Synthetic Indices.

Program Comparisons

Be Funding offers flexible challenges designed to cater to both novice and experienced traders. With refundable program fees, simple trading rules, and broad access to trading assets, the firm provides a viable option for traders looking to prove their skills and access funding.

Our Refundable Programs

Be Funding offers both forex and synthetic indices programs, each designed to cater to traders of varying skill levels. The programs are divided into 1-step and 2-step challenges:

Synthetic Indices Programs

• Be Flash (1 Step): A single-phase challenge where traders must meet the 8% profit target and adhere to drawdown limits.
• Be Synthetics (2 Steps): A two-phase challenge that requires traders to reach a profit target in both steps, while observing the same drawdown limits.

Forex Programs

• Be Fast (1 Step): A one-phase challenge focused on forex trading, with a profit target and drawdown limits to meet.
• Be Evaluation (2 Steps): A two-phase evaluation program that tests traders on their forex trading abilities through progressive profit targets.

Be Flash Synthetics

This is a 1-step synthetic indices program that allows traders to leverage their skills using the MT5 platform. With refundable fees and High-Frequency Trading (HFT) permitted, traders can aim for up to 90% profit sharing. Key features include:

• Account sizes: $2,000 to $150,000
• Leverage: 1:100
• Profit Target: 8%
• Maximum Drawdown: 10%
• Daily Drawdown: 5%
• Payouts: Up to 90%, with four stages
• Scaling Plan: 50% increase every three months, up to $1 million

Be Fast Forex

A single-step forex trading program that uses the MT4 and MT5 platforms. Although program fees are non-refundable, traders can scale their accounts and receive payouts up to 90%. Key details include:

• Account sizes: $10,000 to $500,000
• Leverage: 1:100
• Profit Target: 8%</
• Maximum Drawdown: 8%
• Daily Drawdown: 5%
• Payouts: Up to 90%, with four stages
• Scaling Plan: 50% increase every three months

Be Synthetics

This is a 2-step synthetic indices program that supports HFT on MT5. Upon achieving the objectives of both steps, traders can receive payouts up to 90%. Key features are:

• Account sizes: $5,000 to $100,000
• Leverage: 1:100
• Profit Target: Step 1 (8%) & Step 2 (5%)
• Maximum Drawdown: 10%
• Daily Drawdown: 5%
• Payouts: Up to 90%, with four stages
• Scaling Plan: 50% increase every three months, up to $1 million

Be Evaluation Forex

A two-step forex trading program with refundable fees, using both MT4 and MT5 platforms. Traders can progress through two stages to receive up to 90% profit sharing. Key features include:

• Account sizes: $10,000 to $500,000
• Leverage: 1:100
• Profit Target: Step 1 (8%) & Step 2 (5%)
• Maximum Drawdown: 10%
• Daily Drawdown: 5%
• Payouts: Up to 90%, with four stages
• Scaling Plan: 50% increase every two months, up to $1 million

Partner Broker and Technology Provider

Be Funding collaborates with KwakolMarketsPty, a technology provider, to offer simulated trading accounts and serve as an “evaluator” during the demonstration phase. Once traders move to the funding stage, all trading activities are facilitated through KwakolMarketsPty’s technology, which complies with local regulations.

Step-by-Step Guide to Get Started

1. Register and Deposit: Sign up on the Be Funding platform, deposit a balance in the ‘FINANCES/DEPOSITS’ section, choose a program, and purchase it using your balance.
2. Receive Credentials: You’ll get an email with your credentials to start your challenge. For Be Fast, you’ll receive a funded account directly.
   • Be Flash: Achieve the 8% profit target, while managing a 5% daily and 10% total drawdown, and begin the upgrade process.
   • Be Fast: Instant funding up to $500,000 per program.
   • Be Synthetics: Complete both steps, reaching an 8% profit target in Step 1 and 5% in Step 2, with drawdown limits, to qualify for an upgrade.
   • Be Evaluation: Meet the 8% and 5% profit targets in each step respectively, within specific timelines, to upgrade your account.
3. Complete Challenge: On completing the challenge, you’ll get an email confirming your achievement. Ensure your profile is KYC verified.
4. Account Review: Be Funding reviews your account and sends you your credentials within 24 business hours.
5. Start Trading: Trade in the Be Funded financing stage.
6. Withdraw Profits: Request your first withdrawal 21 days after your first trade. Go to ‘MY CHALLENGES’ and click ‘WITHDRAWAL’. Processing takes up to 72 business hours.
7. Scaling Plan: Apply for the Scaling Plan to grow your account up to $1 million and enhance your profit split by up to 100%.

Communication Channels

• Customer Service: Live Chat available Monday-Friday (7:00 am-1:00 am EST) and Saturdays (8:00 am-4:00 pm EST) for basic inquiries and guidance.
• Support: Ticket System available 24/7 for user requirements, ensuring traceability.
• Complaints and Claims: Email compliance@be-funding.com for review requests and complaints.
• Sales Team: WhatsApp chat available for deposit, purchase, and referral commission support.
• Ambassadors: VIP support through a Telegram chat for brand ambassadors.
• Inquiries: Email support@be-funding.com for guidance.
• Social Networks: Not used for support.

Referral Program

Be Funding offers a referral program where users earn 5% commission on their referrals’ purchases. Users can earn higher commissions by achieving specific sales targets. They can also apply to become ambassadors for more benefits.

Document Requirements

Traders moving from the evaluation to the experienced stage need to complete a KYC/AML screening, which requires a copy of your ID or passport, proof of residency, and a signed client agreement. Once verified, traders can start earning commissions, with accounts set up within 3 business days.

Understanding Be Funding’s FREE Account

The FREE Demo account from Be Funding is designed for traders to explore and test strategies across forex assets and synthetic indices. This account serves as a testing platform, allowing traders to evaluate their trades and systems without committing to a funded account. To access funding opportunities, traders are recommended to explore Be Funding’s other programs: Be Flash, Be Fast, Be Synthetics, or Be Top Trader. Start your trading journey with the FREE Demo account and discover the trading opportunities offered by Be Funding.

How the Be Flash Synthetics Program Works

The Be Flash Synthetics program is a 1-step refundable program that offers funded accounts from $2,000 to $150,000. Here’s how it works:

• After purchasing the program, you’ll receive an email with your credentials to start trading.
• Achieve an 8% profit target with unlimited days, while adhering to a 5% daily and 10% total drawdown.
• All types of EAs, including HFT, are allowed.
• Complete the KYC process after passing the evaluation phase to begin trading in the funded account.
• Traders can earn up to 90% of simulated profits as commission.
• Withdrawals require a minimum of 8 trading days in the funded account.

How the Be Fast Forex Program Works

The Be Fast Forex program provides instant funding for accounts between $10,000 and $500,000. The process involves:

• Immediate funded account credentials upon purchasing the program.
• Up to 90% commission on simulated profits.
• A minimum of 5 trading days is required to process withdrawals.

How the Be Synthetics Program Works

Be Synthetics is a 2-phase refundable program offering funded accounts from $5,000 to $100,000. The two-step process includes:

• Step 1: After purchasing, traders receive credentials and have to achieve an 8% profit target while maintaining drawdown limits.
• Step 2: Upon reaching the objectives of Step 1, traders request credentials for the second phase to target a 5% profit with similar drawdown parameters.
• Complete the KYC verification after passing the evaluation to start trading in the funded account.
• Earn up to 90% of simulated profits through performance commissions.
• A minimum of 8 trading days in the funded account is required for withdrawals.

How the Be Top Trader Program Works

Be Top Trader is a 1-phase refundable program offering funded accounts from $5,000 to $200,000 for forex and synthetic indices traders. Here’s how it works:

• After purchasing the program, you’ll receive your trading credentials.
• Reach an 8% profit target with unlimited time, managing 5% daily and 10% total drawdown.
• Complete the KYC verification process to start trading in the funded account.
• Earn up to 100% commission on simulated profits.
• Withdrawals require a minimum of 5 trading days in the funded account.

How Withdrawals are Processed

After meeting the minimum trading days, traders can request withdrawals through the ‘MY CHALLENGES’ section. Once the withdrawal button is clicked, it will be processed within 72 business hours. If eligible, the requested amount will be credited to your balance, and you will receive a performance certificate. Here are the profit split periods for each program:

Be Flash and Be Fast Programs

• 1st Period: 21 days (50% Profit)
• 2nd Period: 21 days (70% Profit)
• 3rd Period: 21 days (80% Profit)
• 4th Period: 15 days (90% Profit)

Be Synthetics Program

• 1st Period: 21 days (60% Profit)
• 2nd Period: 21 days (70% Profit)
• 3rd Period: 21 days (80% Profit)
• 4th Period: 15 days (90% Profit)

Be Top Trader Program

• 1st Period: 14 days (50% Profit)
• 2nd Period: 14 days (70% Profit)
• 3rd Period: 14 days (80% Profit)
• 4th Period: 7 days (100% Profit)

Referral commissions can be withdrawn at any time. Traders can use their trading and referral commission balance to purchase new programs or request withdrawals.

Withdrawal Methods

• USDT or USDC (ERC-20 or TRC-20 network): Minimum $50
• Bank Account (Applicable to some countries): Minimum $500

Payments are processed within 1 to 3 business days, excluding weekends and UAE holidays. Minimum trading days are required for withdrawals:

• Be Fast and Be Top Trader: 5 days
• Be Flash and Be Synthetics: 8 days

If you request a withdrawal without meeting the minimum trading days, your request will be canceled, and a new period will begin with the initial balance.

Trading Styles Accepted in the Evaluation Phases

All trading styles are accepted in the evaluation phases, including EAs and HFT. However, the following strategies are prohibited during the funded stage:

• Grid Trading or Grid Trading Software
• Martingale Trading or Martingale EAs
• Latency Arbitrage
• Hedging Orders Across Multiple Accounts
• Abusing News Volatility with Guaranteed Limit Orders
• Delayed Data Feeds for Risk-Free Profit
• Copy Trading Across Multiple Users
• Third-Party Account Management

The minimum time between opening and closing each trade is 5 minutes. Be Funding aims to allow a wide range of trading styles, but the listed strategies are restricted due to their incompatibility with live markets or the system’s nature.

Trading Rules for Be Funded Traders

After passing the evaluation phase, traders must complete the KYC verification process to receive their credentials. The following rules can lead to automatic account termination:

• Violating drawdown metrics (5% daily or 10% total drawdown)
• Inactivity for 30 days
• Open trades on weekends (excludes Synthetic Index programs)

Withdrawal requests are reviewed according to the consistency rule, ensuring no more than two operations on the same asset. Trades exceeding 50% of total profit are not allowed, nor is trade copying or third-party account delegation.

The Consistency Rule Explained

The consistency rule determines the trading range based on the average lot size during a payout review. The maximum and minimum values are calculated using this average. Any trades outside this range are reviewed and can impact the profit split. The calculation is based on all closed trades from the start of trading to the withdrawal date. Lot size consistency ensures traders maintain a consistent trading approach.

How Drawdown Is Calculated

Be Funding calculates the 5% Max Daily Drawdown based on your initial account balance at the reset time, which is 00:00 PM Market Watch Time each day. The daily drawdown is recalculated according to the highest equity point, ensuring traders don’t go 5% below either the initial balance or the highest equity point in a day.

The counting formula for drawdown calculation is: Highest balance or equity of the day (whichever is higher) – current equity The 8% or 10% Maximum Total Drawdown is a trailing metric of account balance and equity. For instance, starting with a $100,000 account, your maximum loss level will initially be $92,000 or $90,000. If your account grows to $108,000 or $110,000, your trailing drawdown will adjust to $100,000.

The drawdown will always trail by 8% or 10% of the highest equity point. Traders have access to their daily and total drawdown levels on the dashboard. Managing equity swings is essential, as violating the drawdown rules results in the loss of the funded account.

Reviewing Trading Withdrawals

Upon completing the 21-day period and fulfilling all trading rules, your withdrawal request will be approved, and you will receive your profits in your USD balance. Here are some points to remember about reviewing withdrawal requests:

• Consistency Rule and 5-Minute Rule: Up to three violations are deducted. More than three violations result in denial, and the trader restarts with the initial balance. Five or more faults will lead to denial, with no chance to restart.
• 50% Rule: Trades exceeding 50% of total profit have the surplus deducted, and the trader can restart. More than two such trades result in denial, and restarting is not permitted.
• Prohibited Trading Styles: Using unauthorized trading systems, copy trading, or software that simulates manual trading will lead to rejection without an option to restart.
• Minimum Trading Days: Be Fast and Be Top Trader require five days of trading, while Be Flash and Be Synthetics require eight. Failure to meet these will lead to automatic rejection.
• Post-Withdrawal Request Operations: Any trades opened after making a withdrawal request will lead to denial, but traders can start a new trading period.

Maximum Financing Amount

There are no limits to the number of accounts you can acquire, but funding limits apply to the total amount across all active accounts:

• Be Flash: Up to $500,000
• Be Fast: Up to $1,000,000
• Be Synthetics: Up to $500,000
• Be Top Trader: Up to $1,000,000

Is Real Money Being Funded?

Be Funding operates differently from traditional prop firms and provides traders with simulated/demo accounts. During the ‘Be Funded’ stage, traders earn commissions through simulated trading that follows program rules. Experienced traders can have their data monetized through copy trading into Be Funding’s fund, which allows traders to act as data analysts and earn commissions ranging from 50% to 90%. Market conditions are provided by a third-party, enabling traders to learn and earn commissions after passing the evaluation. Any reference to the ‘funded’ stage indicates a funded paper trading account with simulated live conditions.

How Refunds Work

Be Funding refunds the balance paid for the program on the first withdrawal from the funded account. However, if a trader passes the Be Flash, Be Synthetics, or Be Top Trader programs using an HFT, EA, or Copy Trading system, the refund does not apply.

Conclusion

Be Funding stands out as a unique prop trading firm offering traders a pathway to hone their skills through a variety of programs tailored for different trading assets. Their programs — Be Flash, Be Fast, Be Synthetics, and Be Top Trader — offer flexible approaches that accommodate traders of all levels. The funding stages allow traders to earn commissions by trading simulated accounts, providing an opportunity to develop strategies and improve performance without the financial risks associated with trading real capital.

The firm’s structured programs are designed to progressively challenge traders with varying levels of experience. The consistency rule, trading style guidelines, and drawdown limits enforce disciplined trading, ensuring that only those who maintain a sound risk management strategy can successfully advance through the programs.

With generous profit splits reaching up to 90%, scalable funding options, and a variety of withdrawal methods, Be Funding offers an attractive prospect for traders seeking a funded trading environment. The inclusion of referral programs and the possibility of scaling accounts up to $1 million makes the firm particularly appealing to ambitious traders looking for growth opportunities.

However, traders must adhere strictly to the firm’s rules and guidelines, as violations can lead to denied withdrawals or account termination. Understanding the trading styles allowed during each stage and carefully managing drawdown limits are crucial for a successful experience with Be Funding.

Overall, Be Funding provides a comprehensive and structured trading platform for traders looking to explore the world of proprietary trading. The simulated environment fosters growth, learning, and discipline, making it a valuable opportunity for both novice and experienced traders. By aligning with Be Funding’s rules and leveraging the firm’s educational resources, traders can potentially unlock significant profits and further their trading careers.