RaiseMyFunds
6.5

RaiseMyFunds

RaiseMyFunds offers a unique trading platform, allowing traders to scale their skills through challenges for a chance to manage up to $1M with up to 90% profit sharing.

Delving into the world of RaiseMyFunds reveals a compelling opportunity for traders. With an innovative approach to trading challenges, the platform opens doors to managing significant capital while promoting a transparent and trader-friendly billing system. This review explores the nuances of trading strategies, account features, and the financial framework of RaiseMyFunds, guiding traders towards making informed decisions in their trading journey.

Delving into the world of RaiseMyFunds reveals a compelling opportunity for traders. With an innovative approach to trading challenges, the platform opens doors to managing significant capital while promoting a transparent and trader-friendly billing system. This review explores the nuances of trading strategies, account features, and the financial framework of RaiseMyFunds, guiding traders towards making informed decisions in their trading journey.

Pros
  • Flexible payment options (cryptocurrency and credit card).
  • Fee refund upon first successful account “Scale-Up”.
  • No additional or hidden fees.
  • Unlimited trading accounts in initial stages.
  • Comprehensive support and swift account setup.
Cons
  • Account capital limit capped at $200,000 without scaling.
  • Profit withdrawals require a minimum balance and wait period.
  • Strict regulations on trading strategies for funded accounts.
  • Single registration policy may limit flexibility for some traders.
  • Limited trading platforms, primarily MetaTrader 5.

Table of Contents

Explore RaiseMyFunds: A New Horizon in Forex Prop Trading

At the heart of the Forex prop trading world, RaiseMyFunds emerges as a beacon of innovation and excellence. Founded in 2024, this prop firm is more than just a financial entity; it’s a team fueled by expertise and passion. Listening attentively to its community of traders, RaiseMyFunds has crafted a unique prop firm environment. By taking charge of every aspect, from trading conditions to the selection of liquidity providers, and the development of its client area, RaiseMyFunds ensures a seamless trading experience without outsourcing any component of its operations.

Explore RaiseMyFunds: A New Horizon in Forex Prop Trading

Located in the prestigious FNB Tower of Cape Town, RaiseMyFunds’ offices are a testament to the firm’s modernity and commitment to financial innovation. The team, a diverse group of individuals from various specialties, works harmoniously to foster an environment where ideas flourish and trading potentials are maximized. With a mission to democratize trading and make alternative investment solutions accessible, RaiseMyFunds stands out not just for its regulatory compliance and cutting-edge trading conditions but also for its vibrant community engagement through platforms like Discord and Kick.

The fabric of RaiseMyFunds is woven by its dedicated team members, including Kleom Domain, Julien Torres, and Jordan Grellepois, among others, who bring their expertise and passion to their respective roles. From support to IT development, marketing to business development, and operations to content creation, each member contributes to the firm’s overarching goal of providing unparalleled support and fostering financial success for its clients. Under the leadership of David Bottin, CEO, and with the collective efforts of the team, RaiseMyFunds is dedicated to helping traders express their full potential. By choosing RaiseMyFunds, traders can embark on a journey of trading with complete peace of mind, assured by the company’s comprehensive control over its trading environment and its commitment to excellence in every aspect of its operations.

Getting to Know RaiseMyFunds

RaiseMyFunds stands as an avant-garde project with a clear mission: to discover and nurture experienced traders in the financial markets. This endeavor is structured around a meticulously designed two-stage evaluation process, known as The Challenge and The Confirmation. Tailored to uncover a trader’s inherent talents, this approach is complemented by supportive measures such as weekly summaries and daily live streaming sessions, featuring real coaches to guide traders on their journey.

Get Funded in two steps

Can RaiseMyFunds Be Trusted?

Originating from the esteemed RaiseFX broker, RaiseMyFunds is fortified by a Category 1 FSP license from the FSCA, the revered South African regulatory body. This distinction not only underscores a commitment to regulatory compliance but also instills a deep sense of trust and security among traders. The firm’s dedication to excellence has not gone unnoticed, earning accolades from the International Business Magazine and the World Business Outlook for its superior customer service and trading conditions. For those seeking further assurance, the vibrant testimonials within the Discord community, daily live trading sessions on Kick, and the RaiseFX TrustPilot page stand as a testament to the firm’s credibility.

Eligibility Criteria for Joining RaiseMyFunds

Eligibility for RaiseMyFunds is open to individuals who are at least 18 years old and not residents of countries listed in the firm’s excluded countries. Additionally, the firm’s offerings are inaccessible to individuals with a criminal record related to financial crimes or terrorism, ensuring a safe and reputable trading community.

Is RaiseMyFunds a Broker?

RaiseMyFunds distinguishes itself as a trading evaluation company, not a broker. By successfully navigating through a rigorous two-step evaluation process conducted on demo accounts, customers gain access to real accounts operating under live market conditions. With a focus on risk management, RaiseMyFunds exercises discretion in funding traders’ activities, reflecting its commitment to both opportunity and security.

The Relationship Between RaiseMyFunds & RaiseFX

Indeed, RaiseMyFunds is an integral part of RaiseFX, serving as the prop firm environment for the broker. This synergy ensures that traders within the RaiseMyFunds ecosystem benefit from the robust infrastructure and regulatory standing of RaiseFX, paving the way for a trustworthy and dynamic trading experience.

The Path to Becoming a RaiseMyFunds Trader

Embarking on the journey to become a RaiseMyFunds trader is a venture that promises transparency, fairness, and the most favorable conditions in the trading industry. The process is meticulously designed to sieve through and identify traders who not only possess the skills but also the discipline required in the volatile world of financial markets. Here’s a closer look at the evaluation process laid out by RaiseMyFunds:

Which Challenge is made for you ?

Step 1: The Challenge

The initial phase of the evaluation, dubbed ‘The Challenge,’ is where candidates trade on a demo account equipped with fictitious capital. This stage is tailored to assess a trader’s ability to align with the firm’s trading objectives, offering optimal market conditions, competitive commissions, and low spreads. Successful navigation through this phase, while adhering to the established rules, paves the way to the next level – The Confirmation.

Step 2: The Confirmation

As the final hurdle, ‘The Confirmation’ phase aims to reassess a trader’s consistency and precision on the financial markets. With slightly relaxed objectives compared to the first step but governed by the same set of rules, this stage further verifies a candidate’s trading strategy and discipline. Upon completion, candidates are welcomed as RaiseMyFunds traders and proceed to sign a contract, marking the beginning of their trading escapade.

Funded Account: A New Beginning

Once through the evaluation, traders are presented with a funded account, symbolizing trust in their trading acumen and risk management capabilities. RaiseMyFunds offers unmatched market conditions, a plethora of assets, and minimal commissions to ensure traders have all they need to succeed without the burden of targets. The core principle remains to adhere to the pre-defined loss limits, which underscores a trader’s quality and sustainability. Traders are invited to revel in the freedom of trading, with a profit-sharing model that starts at 70%, escalating up to 90% through successive scale-ups or withdrawals. Moreover, achieving a 10% profit enables traders to scale up their capital, potentially reaching up to $1,000,000, along with a reimbursement of the challenge fee as an additional perk for their first scale-up. In summary, the journey with RaiseMyFunds is structured to be both challenging and rewarding, offering a unique opportunity for traders to prove their mettle and grow within the prop trading realm.

Understanding the Rules of RaiseMyFunds

Embarking on the journey with RaiseMyFunds requires a clear understanding of the framework within which traders operate. This set of rules is meticulously designed to balance opportunity with responsibility, guiding traders through the process while ensuring a level of risk management that is essential in the world of prop trading. Here’s a breakdown of the key rules every RaiseMyFunds trader must follow:

Minimum Trading Days

To qualify for progression or evaluation, traders are required to trade for a minimum of four days within their current trading period. It’s important that at least one position is opened on each of these days. For positions that span multiple days, only the day on which the trade was initiated counts as a trading day.

Maximum Daily Loss

The maximum daily loss is capped at 5% of the initial account balance. This rule takes into account the total of all closed positions for the day, plus any current open positions (floating P/Ls), ensuring that the cumulative loss does not exceed this threshold. The calculation incorporates commissions and swaps, underscoring the importance of vigilant risk management daily.

Maximum Loss

Throughout the account’s trading period, the equity of the trading account must never drop below 90% of the initial account balance. This rule, including commissions and swaps, safeguards the account from falling below a set equity threshold, offering traders a buffer against initial losses while maintaining accountability for overall account management.

Profit Target

The designated profit target is set at 10% of the initial balance for The Challenge phase and 5% for The Confirmation phase. Achieving this target involves accumulating profits on the sum of closed positions within an unlimited trading period. This milestone is crucial for traders aiming to advance to the next phase, with the stipulation that all trades must be closed to proceed.

Fee Refund

In a gesture of commitment to the success of its traders, RaiseMyFunds refunds the fees upon the first “Scale-Up,” directly crediting the amount into the trader’s virtual wallet. This policy not only incentivizes success but also underscores the firm’s support for its traders’ progression within the prop trading landscape. These rules form the backbone of the RaiseMyFunds trading framework, ensuring that while traders are given the latitude to showcase their skills and strategy, there is a robust system in place to manage risk and foster a disciplined trading approach.

Trading Strategies and Policies at RaiseMyFunds

 


Engaging with Economic News

At RaiseMyFunds, traders are permitted to leverage economic news in their trading strategies. However, caution is advised due to the high volatility and unpredictability of the market during the release of economic data, central bank announcements, and political events. Engaging with economic news requires careful consideration and moderation.

Overnight Positions and Swap Fees

Traders do not need to close their positions overnight when trading with RaiseMyFunds. It’s important to note, however, that keeping positions open overnight will incur swap fees, a detail traders should factor into their trading strategies.

Permissible Trading Strategies

During the Challenge and Confirmation phases, RaiseMyFunds utilizes demo accounts that are not linked to actual market conditions, thus imposing no restrictions on trading strategies. Should a trader wish to employ a High-Frequency Trading (HFT) strategy during these phases, a specific request must be submitted via email to support@raisemyfunds.co, including the challenge ID, and ensuring no trades are currently open on the account. Upon successful validation of the request by the RaiseMyFunds team, no other trading strategies will be permitted on the account. However, once a trader progresses to a funded account, trading strategies are subject to the constraints of liquidity providers, prohibiting all HFT and arbitrage strategies to ensure ethical trading practices.

Protocol for Rule Violations

Violating trading objectives results in the immediate invalidation of the account, ceasing further trading activities. Traders have the opportunity to restart with a new RaiseMyFunds challenge, though the initial fee for the failed challenge is not refundable. This policy reflects the absence of a time limit for completing the simulated challenge, encouraging traders to take the necessary time to meet trading objectives.

Profit Withdrawals

Traders can withdraw their share of the profits starting from a minimum of $50, from the 14th day onwards after making a profit. Following a withdrawal, a 14-day waiting period is required after opening the next trade for subsequent withdrawals. Profits are credited to a virtual wallet, giving traders the flexibility to either withdraw their earnings or reinvest them into a new Challenge, subject to maximum allocation conditions.

Understanding Funded Trading Accounts at RaiseMyFunds

 


Definition of a Funded Trading Account

A funded trading account with RaiseMyFunds offers customers the chance to earn compensation based on a percentage of the virtual profits generated. This opportunity comes after successfully completing one of our evaluation programs and fulfilling KYC/AML verification requirements, aligning with our terms of use and the customer’s agreement.

Maximizing Authorized Capital

Upon entering the funded phase, RaiseMyFunds traders operate accounts with the capital size selected during their challenge phase. This setup ensures real market exposure and adherence to liquidity providers’ requirements. It’s crucial to choose your challenge account size wisely, as it remains fixed upon becoming a funded trader. Profitable traders may qualify for capital increases through our Scaling Plan, emphasizing the importance of consistent trading performance. However, the maximum allocation through challenges is capped at $200,000, with an overall limit of $1,000,000 per trader, beyond which our Scaling Plan is the pathway for further capital increase.

Demo Versus Live Accounts

All stages of the RaiseMyFunds Challenges are conducted on demo accounts to simulate trading conditions. Success in these challenges transitions traders to real accounts, where they face live market conditions and must comply with liquidity providers’ standards.

Trading Platforms

RaiseMyFunds proudly offers trading via the MetaTrader 5 platform, ensuring optimal trading conditions for our traders. This choice underscores our commitment to providing a regulated and high-quality trading environment.

Account Specifications

Details regarding account specifications are readily accessible on the MetaTrader platform. Traders are encouraged to familiarize themselves with the terms, conditions, and specifications of their chosen instruments. Noteworthy points include a leverage cap of 1:100 for Forex trades, with symbol specifications and trading hours available on our website. Important platform maintenance schedules and trading updates are also communicated to our traders.

Profit Withdrawal Criteria

Traders are eligible to request profit withdrawals once they achieve a minimum of $50 in profits after 14 days of trading. Following a successful withdrawal, profits are transferred to a virtual wallet, with a new 14-day cycle beginning for subsequent withdrawals.

Understanding Orders & Billing at RaiseMyFunds

 


Available Payment Methods

RaiseMyFunds offers a straightforward approach to payment options, accommodating both cryptocurrency and credit card transactions. This flexibility ensures that traders can choose the payment method that best suits their preferences.

Explanation of Fees

The fees associated with RaiseMyFunds cover the operational costs of utilizing the trading platform, providing traders with a secure and reliable trading environment. An encouraging aspect is that traders cannot incur losses beyond these initial fees. Furthermore, as part of RaiseMyFunds’ commitment to its traders, fees are refunded upon the first successful “Scale-Up” of a funded account, highlighting the company’s investment in its traders’ success.

Transparency in Fees

RaiseMyFunds prides itself on its transparency, ensuring that no additional or hidden fees are imposed on traders. The initial challenge fee encompasses all necessary costs, with no recurring charges. The fee refund policy upon the first “Scale-Up” underscores the company’s fair and supportive approach to trader development.

Account Ownership Policies

While traders are allowed unlimited trading accounts during the initial stages, the total challenge capital allocated to an individual trader is capped at $200,000. For capital increases beyond this limit, the Scaling Plan comes into play. Moreover, the collective funds managed by a trader cannot surpass $1,000,000, ensuring a balanced and equitable trading ecosystem. It’s important to adhere to the one-account-per-registration rule to maintain the integrity and fairness of the trading community.

Account Activation Post-Payment

Following payment for a challenge, traders will promptly receive two emails: one granting access to the RaiseMyFunds customer area, and another containing the login credentials for their trading account. Traders are advised to check their spam folders if these emails are not immediately visible in their inbox, ensuring that account details are kept secure and private.

Final Thoughts on RaiseMyFunds

In conclusion, RaiseMyFunds presents a compelling opportunity for traders seeking to elevate their trading career without the substantial financial risk typically associated with trading. The platform’s flexibility in payment methods, including cryptocurrency and credit card options, caters to the modern trader’s needs, ensuring accessibility and convenience. The fee structure at RaiseMyFunds is designed with the trader’s success in mind, emphasizing transparency and fairness. The initial fees cover essential operational costs, with the promise of a refund upon the first successful “Scale-Up,” showcasing the company’s commitment to supporting its traders’ growth and profitability.

The policy allowing unlimited trading accounts during the initial stages, capped at a $200,000 challenge capital per trader, coupled with a maximum of $1,000,000 in managed funds, demonstrates RaiseMyFunds’ dedication to creating an equitable and scalable trading environment. This ensures that every trader, regardless of their starting point, has the opportunity to succeed and scale within a structured and supportive framework. Moreover, the swift and secure process of account activation post-payment highlights RaiseMyFunds’ efficiency and reliability, ensuring traders can commence their journey without delay.

The inclusion of clear guidelines and rules further establishes an environment of trust and integrity, essential components for success in the volatile world of trading. Ultimately, RaiseMyFunds stands out as a platform committed to the development and success of its traders. With its comprehensive support system, transparent policies, and scalable opportunities, it offers a promising path for traders to achieve and exceed their trading aspirations. For those looking to navigate the complexities of the trading world with minimized risk and maximized support, RaiseMyFunds may very well be the stepping stone to a prosperous trading career.

RaiseMyFunds Details

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

Unlock your trading potential with RaiseMyFunds and earn up to 90% of the profits on a funded account!

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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RaiseMyFunds
6.5/10
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