In this in-depth review, we explore Funded7, a Cyprus-based next-generation proprietary trading firm founded in 2025 that offers four challenge types — One-Phase, Two-Phase, Two-Phase NEO, and Instant Funding — with account sizes up to $500,000, static drawdown models, and profit splits up to 90% with add-on.

Funded7 is a trader-friendly prop firm offering four challenge types with no consistency requirements during challenges, static drawdown across all models, up to $1M total allocation per trader, and fast 1-business-day payouts every 7 days. EAs are allowed and there are no news trading or weekend holding restrictions, though funded accounts are subject to the OREF tiered risk framework.

Company Overview

• Country: Cyprus
• Founded: 2025
• Broker: Not a broker; simulated trading via FPFX Tech infrastructure
• Max Funding: $500,000 (up to $1M total allocation)
• Trustpilot: 3.8/5 — 70 reviews

Program Types

• One-Phase Challenge (10% profit target, 50/50 split)
• Two-Phase Challenge (8%/6% targets, 80/20 split)
• Two-Phase NEO (8%/6% targets, 80/20 split, $10K monthly payout cap)
• Instant Funding (no targets, 50/50 split)
• Account sizes from $5,000 to $500,000
• Profit splits up to 90% with add-on
• Platforms: MT5, cTrader

Challenge Structure

Funded7 offers four evaluation models with different risk parameters, leverage options, and add-on upgrades.

• One-Phase Challenge: Single-phase evaluation with 10% profit target, 4% max daily loss, 8% max loss (static), minimum 3 trading days and 10 closed trades, 50/50 profit split. Default leverage 1:30. Accounts from $15K to $200K.
• Two-Phase Challenge: Phase 1: 8% target, Phase 2: 6% target, 5% max daily loss, 10% max loss (static), minimum 3 trading days and 10 closed trades per phase, 80/20 profit split, fee refundable. Default leverage 1:50. Add-ons available: up to 1:100 leverage (+20% fee), +5% total loss (+50% fee), +5% daily loss (+100% fee), +10% profit split (+10% fee). Accounts from $15K to $500K.
• Two-Phase NEO: Same targets and rules as Two-Phase (8%/6%), 5% daily loss, 10% max loss, 80/20 profit split. Default leverage 1:30. Monthly payout cap of $10,000 (scalable to $12,000 at 1.2x upon hitting cap). Only +10% profit split add-on available. Accounts from $15K to $500K.
• Instant Funding: No evaluation or profit targets required. 5% max daily loss, 6% max loss (static), 50/50 profit split. Default leverage 1:50. No add-ons except +10% profit split (+20% fee). Accounts from $5K to $75K.

All challenges have unlimited trading time. After passing, traders receive a Funded account subject to the OREF tiered risk framework.

Risk Rules

Maximum Daily Loss

Funded7 applies different daily loss limits by challenge type.

• One-Phase: 4% maximum daily loss.
• Two-Phase: 5% maximum daily loss.
• Two-Phase NEO: 5% maximum daily loss.
• Instant Funding: 5% maximum daily loss.

The daily loss is calculated from the day’s starting equity and includes both closed trades and floating P/L. Breaching this limit results in account failure.

Maximum Overall Loss

Funded7 applies different overall loss limits by challenge type, all using static drawdown.

• One-Phase: 8% maximum loss (static from initial balance).
• Two-Phase: 10% maximum loss (static from initial balance).
• Two-Phase NEO: 10% maximum loss (static from initial balance).
• Instant Funding: 6% maximum loss (static from initial balance).

If equity falls below the allowed threshold at any point, the account is breached.

Drawdown Model

Funded7 uses a static (balance-based) drawdown model across all challenge types.

• All challenge types use static drawdown — the maximum loss limit is fixed from the initial account balance and does not trail with equity.
• On funded accounts, a High Water Mark applies.
• Both closed trades and floating P/L are included in calculations.

The static model means profits are locked in and do not increase your drawdown buffer, which benefits consistent traders.

3 Percent Rule

Funded7 does not enforce a specific 3% per trade rule. Risk is controlled through the Maximum Daily Loss limits (4-5%) and Maximum Loss limits (6-10%), along with prohibited practices like All-In-One Bet Trading and excessive risk-taking.

Consistency Rules

Funded7 advertises “No Consistency or Gotcha Rules” during challenge phases.

• During Challenges: At least 3 trading days and 10 closed trades required. No strict consistency rule — trade the way you want.
• On Funded Accounts (Payout Consistency): Trade Size Consistency Rule applies — no single trade can be a statistical outlier vs your own history (Median x 2.5 or IQR method). Failing this delays payout but does not breach the account.
• Payout Quality Score: QC Score must be >= 0.90 (2nd + 3rd best trades combined must be >= 90% of best trade). Failing delays payout, does not breach.
• 40% Profit Concentration: No single day’s profit should exceed 40% of total profits.

These payout rules are designed to reward disciplined, consistent trading on funded accounts.

Other Risk Rules

Funded7 enforces additional risk rules, particularly on funded accounts through the OREF framework.

OREF Tiered Risk Framework (Funded Accounts)

• Gold Pro: 1:50 FX leverage, 3.0% total risk cap, stop loss optional. Standard tier after passing.
• Silver Pro: 1:30 FX leverage, 2.0% risk cap, mandatory stop loss. Upgrade by achieving 3 successful payouts.
• Bronze Pro: 1:20 FX leverage, 1.0% risk cap, mandatory stop loss. Upgrade by achieving 3 successful payouts.

Additional Rules

• Correlation Buckets: Risk limits apply to single positions, correlated instrument groups (e.g., all USD longs, precious metals, US indices), and total portfolio.
• All-In-One Bet Trading: Reaching profit target through single or multiple one-sided high-risk trades is prohibited.
• Scalping Time Limits: Trades closed under 15 seconds must be less than 2% of total trades; trades under 30 seconds must be less than 3%.
• Inactivity: Accounts are terminated after 30 days of no trading activity.
• Personal use only: Account sharing, selling, or transferring is strictly forbidden.

Violations result in account termination or cancelled payouts.

Trading Conditions

Assets

FX (43 pairs: 7 Majors, 21 Minors, 15 Exotics), Indices (14), Precious Metals (Gold, Silver, Palladium, Platinum), Oil (USOIL, UKOIL), Crypto (BTC, ETH, LTC, SOL, BNB, BCH, XRP)

Platforms

MT5, cTrader

Leverage

Leverage varies by challenge type and asset class. Below are defaults for Two-Phase (most common):

• FX: 1:50 (One-Phase/NEO: 1:30)
• Indices: 1:10 (One-Phase/NEO: 1:5)
• Metals: 1:10 (One-Phase/NEO: 1:5)
• Crypto: 1:3 (One-Phase/NEO: 1:2)
• Commodities: 1:5 (all types)

Leverage add-ons available on Two-Phase: up to 1:100 FX (+20% fee) and on One-Phase: up to 1:60 (+30% fee).

Commissions

Funded7 charges different commissions depending on the phase and instrument.

• Challenge Phases: No commissions.
• Funded Accounts & Instant Funding: $6 per lot (round turn) for Forex, Metals, and Commodities; $1 per lot (round turn) for Crypto and Indices.

Zero commissions during challenges and lower crypto/indices commissions on funded accounts provide competitive trading conditions.

Spread Quality

Funded7 offers raw spreads with no mark-ups. Spreads are floating and vary by instrument, session liquidity, and market conditions. The firm emphasizes competitive trading conditions with tight spreads suitable for scalpers and day traders.

Execution & Slippage

Funded7 operates in real-market conditions where spreads and execution may vary. Specific slippage policies are not explicitly detailed, but strategies exploiting delays or pricing errors are prohibited. Traders are expected to manage execution risk.

Profit Split & Payouts

Profit Split

• Starting Split: 50% (One-Phase, Instant) / 80% (Two-Phase, NEO)
• Maximum Split: 90% (with +10% profit split add-on)

Payout Frequency

Funded7 offers consistent payout cycles across all challenge types.

• Payouts available every 7 days from the last withdrawal or account creation date.
• First payout can be requested after 7 days of funded trading.
• Monthly cap: Maximum $10,000 per client per month. Two-Phase NEO can scale to $12,000 (1.2x) upon reaching the cap.

Payout Processing

Payout requests are processed within 1 business day. Withdrawals automatically close all open trades, and the account enters read-only mode until processing is complete.

Payout Methods

Revolut Instant, Crypto (ETH/USDC), Bank Transfer

Payment Methods

Credit Card, PayPal, Crypto

Refund Policy

Refund requests must be made within 7 days of enrollment and only if no trades have been executed. Once trading begins, fees are non-refundable. Two-Phase Challenge only: the challenge fee is refundable after successfully passing and receiving the first payout on the funded account. One-Phase and Instant Funding fees are not refundable.

Trading Rules & Restrictions

News Trading

News trading is allowed at Funded7. Traders can trade before, during, and after high-impact news releases for all challenge types and funded accounts.

• News trading is permitted during both evaluation and funded phases.
• No specific restrictions on news trading, though excessive risk-taking around major releases that breaches daily or total loss limits will still result in account failure.

Weekend Holding

Weekend holding is fully allowed at Funded7.

• Traders can hold positions over the weekend without restrictions for all challenge types and funded accounts.
• There are no requirements to close positions before market close.

Copy Trading

Copy trading is strictly prohibited at Funded7. This includes automated copy trading services, “pass my challenge” schemes, signal services, copy-trade platforms, and any trading that results in identical entries across multiple accounts. Reverse copy trading is also banned.

Expert Advisors (EAs)

Expert Advisors are allowed at Funded7, provided the strategy is legitimate and does not exploit system mechanics.

Permitted

• Custom EAs with legitimate trading strategies.
• All challenge types and funded accounts.

Not Permitted

• Ready-made EAs that result in identical entries for all users.
• EAs that overload servers with excessive requests.
• Any automated trading that bypasses the purpose of skill evaluation.

All automated trading must comply with the firm’s drawdown, daily loss, and payout consistency rules.

Prohibited Strategies

Funded7 prohibits a range of abusive or manipulative trading strategies.

• Martingale strategies (geometrically increasing position sizes).
• Arbitrage and latency exploits.
• High-Frequency Trading (HFT) and tick scalping.
• Hedging across multiple accounts (within same account is allowed).
• Account sharing, selling, or transferring.
• Group trading (coordinated trading across accounts).
• Copy trading and reverse copy trading.
• All-In-One Bet Trading.
• Excessive risk-taking and overleveraging.

The firm reserves the right to cancel payouts or terminate accounts if trading activity is deemed abusive.

Martingale

Martingale trading is strictly prohibited. Intentionally increasing lot size when price moves against you is classified as gambling behaviour. However, averaging down with fixed or decreasing lot sizes is allowed, as long as total risk fits within drawdown limits.

Lot Size Limits

Lot size limits are not explicitly published, but exceeding certain lot sizes relative to account balance may trigger review as “All-In-One Bet Trading.” Platform/server limits also apply. Traders should use reasonable position sizing aligned with their account balance and risk parameters.

Account Management

Scaling Plan

Funded7 does not currently advertise a formal scaling plan. Traders can manage multiple accounts and access higher balances by purchasing larger challenge sizes (up to $500,000 for Two-Phase challenges). NEO accounts can scale their monthly payout cap from $10,000 to $12,000 upon reaching the cap.

Account Merge

Account merging is not available.

Maximum Accounts

Maximum active allocation of $1,000,000 per person (or $400,000 with identical account sizes). Identical accounts of the same challenge type and size cannot run simultaneously, but different plan types are allowed. Multiple profiles using secondary emails on the same device/IP result in breach and blacklist.

KYC Requirements

Funded7 requires KYC verification before the first payout. Documents are submitted via email to support. Required documents typically include government-issued ID and proof of address. KYC is not required to purchase a challenge or start trading — only when requesting the first withdrawal.

Restricted Countries

Afghanistan, Belarus, Cuba, Cyprus, North Korea, Iran, Iraq, Myanmar, Russian Federation, Syria, Yemen, Crimea, Donetsk, Palestinian Territory, United States, Vatican City