FunderPro
6.5

FunderPro

FunderPro, a dynamic proprietary trading firm, offers traders a unique opportunity to manage up to $200,000 with realistic profit targets and an 80% profit split. With flexible trading rules, no time limitations in evaluation phases, and a robust educational support system, FunderPro is an ideal choice for traders seeking to leverage their skills in a supportive, innovative environment.

Delving into the world of proprietary trading, FunderPro emerges as a beacon of opportunity for traders. With its unique blend of flexible trading conditions, substantial funding opportunities, and a trader-centric approach, FunderPro is redefining the landscape of forex trading. This review uncovers the facets that make FunderPro a standout choice in the proprietary trading firm industry.

Delving into the world of proprietary trading, FunderPro emerges as a beacon of opportunity for traders. With its unique blend of flexible trading conditions, substantial funding opportunities, and a trader-centric approach, FunderPro is redefining the landscape of forex trading. This review uncovers the facets that make FunderPro a standout choice in the proprietary trading firm industry.

Pros
  • Realistic Profit Targets.
  • 80% Profit Split.
  • Flexible Trading Rules.
  • Up to $200,000 Account Management.
  • Robust Educational Support.
Cons
  • Relatively New in the Industry.
  • Limited Social Media Presence.
  • Restricted High-Impact News Trading.
  • No YouTube Content.
  • Small Community in Telegram Group.

Table of Contents

FunderPro Review: Revolutionizing Trading Opportunities

FunderPro, a pioneering proprietary trading firm, is redefining trader engagement with financial markets. This London-based company offers a unique opportunity for traders to operate with reduced risk levels. The firm stands out by enabling its participants to handle substantial account sizes, reaching up to $200,000, coupled with the advantage of an impressive 80% profit split. Such a provision empowers traders to maximize their earnings. Additionally, FunderPro broadens trading horizons by providing access to a diverse array of trading instruments, catering to a wide range of trading preferences and styles.

FunderPro

Discovering FunderPro: A New Force in Proprietary Trading

Established in February 2023, FunderPro has emerged as a notable proprietary trading firm. Located in Malta, this innovative firm offers traders the chance to manage capital up to $200,000. FunderPro has strategically partnered with ThinkMarkets as their brokerage firm, reinforcing their commitment to providing quality trading experiences. FunderPro Who are FunderPro?
The firm is headquartered at 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta, positioning itself at a pivotal financial hub.

FunderPro’s Exciting Sponsorship Venture

An exciting aspect of FunderPro’s journey is their sponsorship of Oliver Bearman, a rising star in British racing and a member of the prestigious Ferrari F1 Driver Academy. Bearman, currently competing with Prema Racing in the FIA Formula 2, has already marked his presence in the racing world with impressive achievements like the 2021 German and Italian FIA Formula 4 Championships. FunderPro’s sponsorship underlines their commitment to nurturing talent, mirroring their dedication to investing in the development of aspiring traders. Gary Mullen, CEO of FunderPro, expressed enthusiasm about the partnership, noting its alignment with FunderPro’s innovative approach in the proprietary trading industry. The partnership involves featuring FunderPro’s branding across Bearman’s racing car, suit, and social media channels during the F2 season, symbolizing a shared ethos of hard work and perseverance leading to success. Through this partnership, FunderPro aims to expand its global influence and share its message about the importance of dedication and resilience, both in trading and beyond. This move demonstrates FunderPro’s commitment to making a positive impact on the lives of young individuals by educating them about global markets and community involvement.

Gary Mullen: The Visionary Leader of FunderPro

Gary Mullen, serving as the CEO of FunderPro, is at the forefront of revolutionizing the proprietary trading firm industry. Under his leadership, FunderPro has crafted a unique challenge that Mullen describes as a “game changer.” This innovation comes from simplifying the trading process, removing cumbersome rules, and providing traders with unrestricted time to complete their trading challenges.

FunderPro Who is the CEO of FunderPro?
Mullen and his dedicated team are committed to empowering traders globally. They offer opportunities to not only demonstrate trading skills but also to harness real capital gains. The team at FunderPro believes in enhancing traders’ performance by providing them with additional resources, which they anticipate will lead to improved trading results.

Red Acre Group: The Force Behind FunderPro

FunderPro’s inception and growth can be attributed to the Red Acre Group, a pioneering entity in the fintech sector. Known for its cutting-edge technological capabilities, Red Acre Group stands as a beacon of innovation, particularly in the realms of fintech and blockchain technology. This company excels in offering superior business solutions, especially to organizations seeking to outsource professional services to elevate their operational standards. The primary objective of Red Acre Ltd is to alleviate the complexities inherent in business management. By devising strategic platforms and sustainable solutions, they aim to enhance performance and ensure long-term success for their clients. This focus on operational excellence and strategic growth is pivotal to understanding the ethos and direction of FunderPro under Gary Mullen’s leadership.

Exploring FunderPro’s Evaluation Program Account Options

FunderPro presents a range of evaluation program accounts, tailored to meet the diverse needs and strategies of traders. These programs are designed to provide traders with the flexibility and opportunity to showcase their skills and achieve their trading objectives.

FunderPro’s Evaluation Program: A Gateway to Trading Success

FunderPro’s evaluation program accounts are meticulously structured to identify and reward consistent, disciplined traders. These accounts, which operate with a leverage of 1:100, offer a two-phase evaluation period. This structure is aimed at assessing the traders’ proficiency and consistency in managing their trades.

FunderPro Evaluation program accounts

Account Options and Pricing

  • $25,000 Account for $250
  • $50,000 Account for $300
  • $100,000 Account for $550
  • $200,000 Account for $995

Phase One: Initial Evaluation

In the first phase of evaluation, traders are required to achieve a profit target of 10% without exceeding a maximum daily loss of 5% or a maximum loss limit of 10%. This phase offers flexibility with no maximum trading day restrictions, allowing traders to take the time they need for their trades. However, a minimum of five trading days is required to progress to the second phase.

Phase Two: Advanced Evaluation

The second phase of evaluation sets a profit target of 8%, with the same loss limits as the first phase. Similar to phase one, there are no restrictions on the maximum number of trading days, but traders must trade for at least five days to qualify for a funded account.

Transition to a Funded Account

Upon successful completion of both evaluation phases, traders are awarded a funded account. In this stage, there are no profit targets; the focus is on maintaining the 5% maximum daily loss and 10% overall loss rules. The first payout occurs seven calendar days after placing the first trade in the funded account, with subsequent payouts on a weekly basis. Importantly, traders enjoy an 80% profit split on the earnings made in their funded accounts.

FunderPro’s Evaluation Program: Scaling Plan for Account Growth

FunderPro’s evaluation program accounts feature an ambitious scaling plan, designed to reward proficient traders with significant account balance increases. This plan is structured to encourage and acknowledge consistent profitability over time.

Requirements for Account Scaling

Under this plan, traders are expected to achieve a minimum profit target of 10% within a three-month period. Additionally, profitability must be maintained in at least two of these three months. Meeting these criteria results in a substantial 50% increase in the original account balance.

Scaling Plan Examples

  • Initial 3 Months: A $200,000 account balance escalates to $300,000.
  • Following 3 Months: The new balance of $300,000 is augmented to $400,000.
  • Subsequent 3 Months: The balance then grows from $400,000 to $500,000.
  • This pattern continues, progressively increasing the account balance.

Trading Instruments

The trading instruments available for these evaluation program accounts are diverse, encompassing forex pairs, commodities, indices, and cryptocurrencies. This variety allows traders to leverage their strengths across different markets and asset classes.

Key Rules of FunderPro’s Evaluation Program Accounts

FunderPro has established a set of rules for its evaluation program accounts to ensure fair and disciplined trading practices. These rules are crucial for traders to understand and adhere to in order to successfully navigate through the evaluation phases and manage funded accounts.

Profit Targets

  • Phase 1 Profit Target: 10%
  • Phase 2 Profit Target: 8%
  • Funded Accounts: No profit targets

Maximum Daily Loss

All account sizes have a stipulated maximum daily loss limit of 5%. This is the upper limit of loss a trader can incur in a day before violating the account terms.

Maximum Overall Loss

The maximum loss limit for all accounts is set at 10%. This is the total allowable loss before an account is considered violated.

Minimum Trading Days

  • Both Phase 1 and Phase 2 require a minimum of 5 trading days.
  • Funded Accounts: No minimum trading day requirement.

No News Trading

Traders are prohibited from trading during high-impact news releases. It is mandatory to close all open positions at least 2 minutes before such news releases for the relevant symbols.

Consistency Rule

This rule, applicable only in Phase 2, mandates traders to maintain consistent position sizes, risk management, and account results. Notably, the profit from the best trade must not exceed 60% of the overall profit target.

What Sets FunderPro Apart in the Proprietary Trading Industry

FunderPro distinguishes itself from other industry-leading proprietary trading firms through its flexible approach to trading styles. This London-based company allows traders the freedom to execute their strategies without rigid constraints.

Trading Style Flexibility

Unlike many other prop firms, FunderPro does not restrict trading styles. Traders are permitted to trade during news (excluding high-impact news releases) and are free to hold trades overnight and over weekends, offering a significant degree of operational flexibility.

Two-Phase Evaluation Program

FunderPro’s evaluation program is structured into two distinct phases, each with specific targets and requirements:

  • Phase 1: A profit target of 10% with a 5% maximum daily and a 10% maximum loss limit.
  • Phase 2: An 8% profit target with the same loss restrictions.
  • Both phases require a minimum of 5 trading days to qualify for a funded account.

Scaling Plan and Time Flexibility

Another feature that sets FunderPro apart is its scaling plan within the evaluation programs. Moreover, FunderPro stands out by not imposing maximum time limitations on both evaluation phases, allowing traders to achieve their targets without undue pressure.

Comparative Analysis: FunderPro vs. Funding Pips

When examining FunderPro and Funding Pips, two prominent players in the proprietary trading firm arena, various distinctions and parallels become evident. Below is a detailed comparison of their trading objectives and conditions.

Trading Objectives and Conditions Comparison

  FunderPro Funding Pips
Phase 1 Profit Target 10% 8%
Phase 2 Profit Target 8% 5%
Maximum Daily Loss 5% 5%
Maximum Loss 10% 10%
Minimum Trading Days 5 Calendar Days No Minimum Trading Days
Maximum Trading Period Unlimited (Both Phases) Unlimited (Both Phases)
Profit Split 80% 80% up to 90%

This table encapsulates the primary aspects where FunderPro and Funding Pips differ, particularly in their profit target requirements for each phase and the minimum trading days. The profit split offered by Funding Pips, with the potential to increase up to 90%, also marks a notable variance from FunderPro’s fixed 80% split.

Comparative Analysis: FunderPro vs. Finotive Funding

An in-depth comparison between FunderPro and Finotive Funding reveals distinct differences and similarities in their trading objectives and conditions, offering traders varied options based on their preferences and strategies.

Trading Objectives and Conditions Comparison

  FunderPro Finotive Funding
Phase 1 Profit Target 10% 7.5%
Phase 2 Profit Target 8% 5%
Maximum Daily Loss 5% 5%
Maximum Loss 10% 10%
Minimum Trading Days 5 Calendar Days No Minimum Trading Days
Maximum Trading Period Unlimited (Both Phases) Unlimited (Both Phases)
Profit Split 80% 75% up to 95%

This comparison highlights the variations in profit targets between FunderPro and Finotive Funding, particularly in the first and second phases. Additionally, the potential for a higher profit split in Finotive Funding, reaching up to 95%, contrasts with FunderPro’s steady 80% split.

Comparative Analysis: FunderPro vs. FundedNext (Stellar)

Comparing FunderPro with FundedNext (Stellar) sheds light on how each proprietary trading firm sets its parameters for trader success and flexibility. This comparison is crucial for traders in selecting a firm that aligns with their trading style and objectives.

Trading Objectives and Conditions Comparison

  FunderPro FundedNext (Stellar)
Phase 1 Profit Target 10% 8%
Phase 2 Profit Target 8% 5%
Maximum Daily Loss 5% 5%
Maximum Loss 10% 10%
Minimum Trading Days 5 Calendar Days 5 Calendar Days
Maximum Trading Period Unlimited (Both Phases) Unlimited (Both Phases)
Profit Split 80% 80% up to 90%

In conclusion, FunderPro differentiates itself in the proprietary trading firm landscape through its relaxed trading rules. This includes the ability to trade during news (excluding high-impact releases), and the freedom to hold trades overnight and over weekends. Additionally, FunderPro offers no restrictions on the duration of both evaluation phases. Their profit targets for these phases are both competitive and achievable, making them a compelling choice for traders seeking flexibility and fair profit opportunities.

Assessing the Realism of Obtaining Capital from FunderPro

When choosing a proprietary trading firm that aligns with your forex trading style, it’s crucial to gauge the realism of the trading requirements set by the firm. The allure of high profit splits on well-funded accounts is often tempered by the practical challenges of meeting stringent trading objectives.

Realistic Trading Objectives in FunderPro’s Evaluation Program

FunderPro’s evaluation program accounts are structured with attainable profit targets and reasonable loss rules, enhancing the feasibility of receiving capital. Key aspects include:

  • Phase 1 Profit Target: An achievable 10%.
  • Phase 2 Profit Target: A sensible 5%.
  • Maximum Loss Rules: A standard 5% maximum daily and 10% overall loss limit.
  • No Maximum Trading Period Limitations: Flexibility in both evaluation phases.

Conclusion: FunderPro as a Viable Option for Funding

Considering these factors, FunderPro emerges as an excellent choice for traders seeking funding. The evaluation program accounts offer realistic trading objectives and conditions, making the path to receiving payouts more attainable for disciplined and skilled traders. This balance of fair profit targets and loss regulations positions FunderPro as a pragmatic and appealing option in the proprietary trading firm landscape.

Understanding Payment Proof and Payout Structure at FunderPro

Established in February 2023, FunderPro has quickly become known for its straightforward and prompt payout structure for funded traders. Understanding the payment proof and the process of receiving payouts is crucial for traders considering FunderPro.

FunderPro Payment proof

Initial and Subsequent Payouts

Upon achieving profitability, FunderPro offers its traders their first payout within 7 calendar days. Following this initial payout, traders are eligible for weekly payouts, ensuring a regular and consistent flow of earnings.

Verifying Payment Proof

For those seeking tangible proof of FunderPro’s payout reliability, there are several resources available:

  • A video interview conducted by Gary Mullen, CEO of FunderPro, with their first funded trader, providing insights into the trader’s experience and the payout process.
  • An examination of payout certificates, which serve as concrete evidence of FunderPro’s commitment to timely and fair compensation for its traders.

These resources offer valuable verification for potential traders, highlighting FunderPro’s transparency and reliability in financial dealings.

Exploring FunderPro’s Brokerage Partner: ThinkMarkets

FunderPro has chosen ThinkMarkets as its brokerage partner, aligning with a company renowned for its robust trading infrastructure and wide market access.

FunderPro Which broker does FunderPro use?

About ThinkMarkets

ThinkMarkets, a leading multi-asset online brokerage, is headquartered in the financial centers of London and Melbourne. This firm is recognized for providing seamless access to a broad spectrum of markets, catering to a diverse range of trading needs and styles.

Trading Solutions Offered by ThinkMarkets

ThinkMarkets stands out for its suite of sophisticated trading solutions, which include:

  • MetaTrader 4: The classic trading platform favored by many traders for its reliability and wide range of features.
  • MetaTrader 5: An advanced version of MetaTrader, offering enhanced trading capabilities and tools.
  • ThinkTrader: ThinkMarkets’ proprietary platform, developed in-house to offer a unique and tailored trading experience.

This partnership with ThinkMarkets ensures that FunderPro traders have access to some of the most advanced and user-friendly trading platforms available in the industry.

Diverse Trading Instruments Available at FunderPro

FunderPro offers its traders a vast array of trading instruments, encompassing forex pairs, commodities, indices, and cryptocurrencies. This diversity enables traders to explore and capitalize on a multitude of markets.

Forex Pairs

Traders can engage with a comprehensive selection of forex pairs, including major, minor, and exotic currencies. Some notable pairs include:

  • Major Pairs: EURUSD, USDJPY, GBP/USD, USDCHF, USDCAD
  • Minor Pairs: AUDUSD, NZDUSD, CHFJPY, EURGBP, GBPJPY
  • Exotic Pairs: EURCZK, EURZAR, USDCNH, USDSEK, USDTRY

Commodities

Commodity traders have access to a variety of instruments such as:

  • COPPER
  • Precious Metals: XAGUSD (Silver), XAUUSD (Gold), XPTUSD (Platinum)
  • Energy Commodities: UKOil, NGAS

Indices

For those interested in index trading, FunderPro offers indices from global markets, including:

  • European Indices: DAX, ESP35, EUSTX50, FRA40
  • Other Global Indices: JPN225, NAS100, SPX500, UK100

Cryptocurrencies

The world of digital assets is also accessible, with a range of cryptocurrencies available for trading:

  • Mainstream Cryptos: BTCUSD (Bitcoin), ETHUSD (Ethereum), LTCUSD (Litecoin)
  • Altcoins: BCHUSD (Bitcoin Cash), EOSUSD, XRPUSD (Ripple)
  • Others: DOGEUSD (Dogecoin), NEOUSD, TRXUSD (TRON), ZECUSD (Zcash)

This extensive list of trading instruments ensures that FunderPro traders can diversify their portfolios and explore opportunities across different asset classes.

FunderPro’s Trading Fees: Commission and Spread Details

FunderPro implements a transparent fee structure for trading different assets, which is essential for traders to understand before engaging in trading activities.

Commission Fees Across Asset Classes

Asset Category Commission Fee
FOREX 7 USD per lot
COMMODITIES 7 USD per lot
INDICES No commission
STOCKS No commission
CRYPTO No commission

This table illustrates the commission fee structure, highlighting the differences across various asset categories such as forex, commodities, indices, stocks, and cryptocurrencies.

Spread Information and Access

To access live spread information, traders can log into the trading account with the following details:

  • Platform: MetaTrader 4 | MetaTrader 5
  • Server: ThinkMarkets-Demo 3 | ThinkMarkets-Demo
  • Login Number: 83280211 | 11980153
  • Password: alm1kgj | -dBq0vKq
  • Download Platform: Click here for MT4 | Click here for MT5

By logging into these accounts, traders can view real-time spread data, enabling informed decisions on trading strategies and cost management.

Education and Support for Traders at FunderPro

FunderPro recognizes the importance of continuous learning and development for traders. To support this, the firm offers a wealth of educational content, accessible on its website.

FunderPro Education & Support for traders


Educational Content in the Blog Section

The blog section of FunderPro’s website is a treasure trove of information, featuring articles and resources that cover a wide range of trading topics. These resources are designed to cater to both novice and experienced traders, enhancing their trading knowledge and skills.

Supportive Trader Dashboard

Alongside educational content, FunderPro provides a well-structured trader dashboard. This tool is invaluable for managing risk effectively, offering live statistics and insights into trading objectives. The dashboard’s user-friendly interface allows traders to easily monitor their progress, understand risk exposure, and make informed decisions. Overall, FunderPro’s commitment to trader education and support is evident through these resources, helping traders navigate the complexities of financial markets with greater confidence and expertise.

Traders’ Feedback on FunderPro: An Overview

FunderPro, though relatively new in the proprietary trading firm landscape, has already garnered positive feedback from its users. This early reception is indicative of the firm’s potential and the quality of its services.

FunderPro Traders’ Comments about FunderPro

Trustpilot Ratings

On Trustpilot, a widely recognized review platform, FunderPro boasts an impressive rating of 4.1 out of 5, based on 66 reviews. This strong rating reflects the positive experiences of its users and is a testament to the firm’s effectiveness and reliability.

Understanding the Context of Feedback

It’s important to note that FunderPro commenced its operations in February 2023. As a result, the current pool of feedback, while positive, is relatively limited. As the firm continues to grow and more traders engage with its services, a broader spectrum of reviews and insights can be expected. This early stage feedback, although limited, is a promising indicator of FunderPro’s capabilities and the satisfaction level of its traders. As the firm evolves, the volume and scope of trader feedback are likely to expand, offering more comprehensive insights into the trader experience with FunderPro.

Social Media Presence and Community Engagement of FunderPro

FunderPro’s presence on social media platforms and community channels is a key aspect of its engagement strategy, allowing for interaction and connectivity with its audience.

Social Media Reach

  • Facebook: FunderPro’s Facebook page has garnered 4 followers, offering a space for updates and community interaction.
  • Instagram: With 25 followers, their Instagram account showcases insights and updates about their services.
  • Twitter: The Twitter account of FunderPro, with 3 followers, serves as a platform for quick updates and news.
  • YouTube: Currently, FunderPro’s YouTube channel has no subscribers and no uploaded videos, but it holds potential for future video content and resources.
  • LinkedIn: With 24 followers on LinkedIn, FunderPro maintains a professional presence for business updates and networking.

Community Channels

  • Discord Channel: FunderPro’s Discord channel has 286 members, serving as a dynamic community for trader interaction and support.
  • Telegram Group: The Telegram group, with 12 members, offers another platform for real-time communication among its community members.

While FunderPro’s social media following is currently modest, these platforms provide valuable spaces for information sharing, community building, and engaging with both existing and potential traders. The firm’s Discord and Telegram channels, in particular, showcase a more active community engagement, indicating a growing interest and involvement in FunderPro’s offerings.

Support and Assistance at FunderPro

FunderPro is committed to providing comprehensive support and assistance to its traders, ensuring they have the necessary resources and guidance for a successful trading experience.

FAQ Section

At the bottom of FunderPro’s homepage, traders can find a FAQ section. This resource is invaluable for quickly addressing common queries and concerns, offering immediate insights into various aspects of trading with FunderPro.

Contacting the Support Team

Traders seeking personalized assistance have several options to reach out to FunderPro’s support team:

  • Social Media: The support team is active on FunderPro’s social media platforms, providing another avenue for queries and support.
  • Email Communication: For more detailed inquiries or assistance, traders can contact the support team via email at support@funderpro.com.

Live Chat Support

For immediate assistance, FunderPro offers a live chat support service, available 24/7. This feature ensures that traders can receive real-time help and guidance at any time, enhancing the overall trading experience. FunderPro’s comprehensive support structure, including the FAQ section, various contact methods, and 24/7 live chat, reflects the firm’s dedication to trader satisfaction and success.

Final Assessment of FunderPro: A Comprehensive Review

In summary, FunderPro establishes itself as a credible and promising proprietary trading firm, catering to a wide range of traders with its diverse evaluation program account options.

Key Highlights of FunderPro

  • Two-Phase Evaluation Program: Adhering to industry standards, FunderPro’s two-phase evaluation challenge is meticulously designed. Completing these phases is a prerequisite for funding and earning profit splits.
  • Realistic Profit Targets: The firm sets achievable profit targets of 10% in phase one and 8% in phase two. These targets are balanced with sensible loss rules, including a 5% maximum daily and 10% maximum loss.
  • Profit Split and Account Scaling: Traders can earn an 80% profit split, with the potential to scale their accounts up to $5 million.

Recommendation and Conclusion

FunderPro is highly recommended for those seeking a prop firm with flexible trading rules. Despite being relatively new in the industry, the firm offers excellent conditions suited to a variety of trading styles. FunderPro’s approach and offerings position it as a firm with significant potential in the proprietary trading firm industry. Overall, FunderPro merits consideration for traders who value both realistic trading objectives and operational flexibility, making it a compelling option in the landscape of proprietary trading firms.

FunderPro Details

Trading Platforms
Withdrawal Methods
Tradable instruments
Trading Programs
Incorporation
Account Currencies
Maximum Capital Allocation

Discover FunderPro: Where trading meets innovation, offering up to $200,000 for skilled traders with an 80% profit split.

6.0
Fees
7.0
Easy of Evolution
6.0
Trading Conditions
7.0
Profit Sharing Model
6.5 Overall Rating

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FunderPro
6.5/10
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