Dive into an in-depth review of Fortunes Funding, where we explore how this innovative prop firm is reshaping the landscape for traders with its unique funding opportunities, supportive community, and comprehensive resources. Discover if it’s the right platform for your trading aspirations.

Table of Contents

Fortune Funding Overview

Upon examining the pricing structure of Fortune Funding, a key aspect that stands out is the exceptional value offered with their evaluation accounts. These accounts are designed with user-friendly rules and flexible pricing, catering to a range of trading requirements.

Step 1 Evaluation: Account Pricing and Conditions

The evaluation program’s pricing structure is varied, accommodating different account sizes. Here’s a breakdown of the key features:

• Account sizes range from $10K to $200K.
• Each trading period lasts for 40 days.
• No minimum trading days are required.
• Trading leverage is capped at a maximum of 1:100.
• Maximum daily loss and overall loss are set at 5% and 10% respectively.
• The profit target for each account is 9%.
• Refundable fees vary, starting at $109 for a $10K account and going up to $949 for a $200K account.

This initial step also includes the second evaluation step in the payment, with no additional cost.

Step 2 Evaluation: Continuation Rules

The structure for the second evaluation step maintains consistency with the first, focusing on the following elements:

• The trading period extends to 80 days with the same objective of meeting the profit target.
• No minimum trading days, allowing traders to progress to the next step as soon as they meet their target.
• Trading leverage remains at 1:100.
• Maximum daily and overall loss limits are retained at 5% and 10%, inclusive of all floating losses and profits.
• The profit target for Step 2 is set at 4.5%.

The structure provided by the London-based company ensures a clear and transparent path for traders looking to succeed in the funded program.

Understanding Fortunes Funding’s Payout System

The payout system at Fortunes Funding stands out as one of the most attractive features of their prop trading program. This London-based company offers a robust and rewarding payout structure for its traders.

Standard Payout Ratio and Benefits

Fortunes Funding begins with a standard payout ratio of 80:20, favoring the traders. However, the benefits extend further:

• Traders who qualify for the Scaling Plan receive a 25% increase in their account balance.
• The payout ratio under the Scaling Plan is enhanced to an impressive 90:10.
• Profits can be withdrawn every 14 days, offering frequent opportunities for traders to realize their earnings.

Quick and Efficient Payout Process

The funded programme ensures that traders have a smooth experience when it comes to payouts:

• Traders are eligible to request a payout 21 days after they receive funding.
• Fortunes Funding prioritizes quick processing, claiming to process payouts within 48 hours.
• This efficient system aims to ensure traders receive their funds promptly.

Such a system demonstrates Fortunes Funding’s commitment to supporting its traders and could significantly impact the prop trading industry.

Getting Funded with Fortunes Funding: A Step-by-Step Guide

Securing funding with Fortunes Funding is a structured and multi-faceted process. Traders looking to join this London-based firm must navigate through several key steps to qualify for funding.

Meeting the Criteria for Funding

To begin the journey towards funding, traders must:

• Fulfill minimum account requirements as specified by Fortunes Funding.
• Adhere to risk management protocols established by the firm.
• Meet the trading performance metrics set by Fortunes Funding.

Completing the Application Process

Once the initial criteria are met, traders move on to the application phase:

• Complete the detailed application process, which involves providing personal and professional information.
• Submit the required documentation that Fortunes Funding needs to assess eligibility.

This systematic approach ensures that traders are well-prepared and equipped to succeed in the funded program offered by the prop firm.

Fortunes Funding: Allowed and Prohibited Trading Practices

Fortunes Funding provides specific guidelines on allowed and prohibited trading practices. Understanding these rules is crucial for traders engaging with this London-based prop firm.

Trading Style Restrictions

During the demo evaluation phase, traders enjoy flexibility in their trading style, with some notable exceptions:

• Prohibited strategies include Martingale, hedging between accounts, tick scalping, and several others.
• Engaging in these prohibited strategies can lead to account closure.
• Traders must avoid any form of cheating or manipulation that goes against the firm’s terms of use.

Copy Trading Guidelines

Copy trading has specific rules:

• Traders can use their Fortunes Funding account as a master account for copying trades.
• Copying trades to other people’s accounts is not permitted.
• Using copy trading services or account management is considered a violation.

Allowed Trading Styles

Fortunes Funding permits various trading styles with certain considerations:

• Swing, hedge, and scalp trading are allowed.
• EA (Expert Advisor) trading is permitted within policy and rule limits.
• Prohibited EA types include latency arbitrage, high-frequency trading, and others.

Macroeconomic News Trading

News trading is allowed with restrictions:

• Trading is restricted 2 minutes before and after high-impact news events for funded accounts.
• A detailed restriction table outlines specific instruments and events.
• Violations can lead to profit deductions or account termination.

Traders must trade responsibly, especially during high-risk news events, and adhere to the firm’s guidelines to ensure compliance and success within the funded programme.

Distinctive Qualities of Fortunes Funding Compared to Other Prop Firms

Fortunes Funding stands out in the realm of prop trading firms with its unique approach to trader support and capital sourcing. This London-based company has established a model that differentiates itself significantly from traditional prop firms.

Community-Driven Capital Access

Key differentiators include:

• Capital sourced from a community of professional investors, broadening the range of available funds.
• Traders benefit from more favorable terms and conditions due to this diverse capital pool.

Supportive Trading Community

Another core aspect of Fortunes Funding is its community focus:

• The program fosters a supportive environment comprising traders and investors.
• Members of this community are dedicated to aiding each other in achieving trading success.

These elements contribute to a unique ecosystem at Fortunes Funding, where traders not only gain financial support but also become part of a collaborative and nurturing trading community.

What Traders Say About Fortunes Funding: A Mixed Perspective

As a relatively new player in the prop trading sector, Fortunes Funding has garnered a variety of opinions from traders, as seen on platforms like Trustpilot. These reviews offer insights into both the strengths and areas for improvement for the London-based company.

Positive Feedback and Praise

Highlights from satisfied traders include:

• High ratings for the quick response time and professionalism of the support team.
• Appreciation for the company’s vision and mission in providing trading opportunities.
• Commendations for the efficiency and helpfulness of customer support.
• Positive remarks about James Storm, the founder, particularly for his inspiring podcasts.

Negative Reviews and Criticism

Conversely, some traders have expressed dissatisfaction, citing:

• Disappointment with changes in the rules for trading challenges.
• Concerns over customer service and unresolved issues, particularly regarding breached free account policies.

These mixed reviews indicate that while many traders have had positive experiences with Fortunes Funding, especially with its support system and leadership, there are areas where the funded programme could improve, particularly in policy transparency and issue resolution.

Fortunes Funding: Comprehensive Review and Final Assessment

Fortunes Funding emerges as a distinctive and promising option for traders seeking financial backing and community support in the prop trading world. This final verdict weighs the potential rewards against the challenges involved in partnering with this London-based firm.

Opportunities and Risks

Key aspects to consider include:

• Access to capital through a network of professional investors.
• Stringent requirements that necessitate consistent and successful trading performance.
• The importance of due diligence and risk assessment before applying for funding.

Support and Resources for Traders

Fortunes Funding stands out for its comprehensive support system:

• Provision of valuable resources and tools to assist traders in their journey.
• A supportive community aimed at fostering the growth of successful traders.

The combination of these elements makes Fortunes Funding an alluring choice for traders focused on expanding their accounts and reaching new heights in their trading careers.

Final Consideration

If you’re a trader looking for a robust platform to access capital and develop your trading skills, Fortunes Funding warrants serious consideration. With its well-structured funding process, community-oriented approach, and dedication to trader success, it is poised to become a leading name in the trader funding arena.