FundedFX Review

Quick Overview

FundedFX is a prop trading firm that gives traders a chance to manage large accounts without risking their own money. Traders can start with accounts up to $200,000 and grow them to $1,000,000 over time. The firm offers profit splits up to 90 percent, which means traders can keep most of what they earn.

The accounts are demo accounts with simulated trading. This means FundedFX is not a broker and does not provide live trading on the real market. The company behind the firm is Nexus Forex Ltd, which is registered in Comoros under company number 15978.

Why Traders Might Consider FundedFX

Traders are attracted to FundedFX for a few reasons:

• On-demand payouts. FundedFX pays traders every 14 days, but it also allows withdrawals at any time if certain rules are met.
  
• Low entry costs. The firm advertises that you can start with as little as $85 for a $10K challenge account, making it cheaper than many other firms.
  
• Strong execution. All accounts run on the Match-Trader platform, which the firm promotes as having low latency and deep liquidity.

Evaluation Programs

FundedFX offers two main challenge types. These are called the 1-Step and the Classic 2-Step. Each one has different rules, targets, and costs.

1-Step (single phase)

In the 1-Step program, traders only need to complete one challenge phase before they can get a funded account.

• The profit target is 8 percent.
  
• The daily drawdown limit is 4 percent, and the total drawdown limit is 8 percent.
  
• You get 30 calendar days to complete the challenge.
  
• You must trade for at least 7 days, but with an add-on this can be lowered to 4 days.
  
• Maximum leverage is 1:30.
  
• Once funded, traders start with an 80/20 split, which can go up to 90/10 if they use add-ons.
  

On the FundedFX website, an example card shows the cost as $85. In the funded phase there is no profit target, but the same drawdown rules still apply.

Classic 2-Step

The 2-Step program is more traditional. Traders need to pass two phases before getting a funded account.

• Phase 1 has a profit target of 8 percent and must be completed in 30 days.
  
• Phase 2 has a profit target of 5 percent and must be completed in 60 days.
  
• The minimum number of trading days is 5 days in Phase 1 and 7 days in Phase 2. These can be reduced if you buy add-ons.
  

The firm also has rules about how trading days are counted. For example, a trading day is counted when you open at least one position that stays open for more than a minute.

Leverage by Asset

The leverage you get depends on the type of challenge and the asset you trade. FundedFX sets different levels for the 1-Step and 2-Step programs.

• Forex: 1:30 in the 1-Step, 1:50 in Phase 1 of the 2-Step, and 1:80 in Phase 2 of the 2-Step.
  
• Indices and Stocks: 1:5 in the 1-Step, 1:10 in Phase 1, and 1:20 in Phase 2.
  
• Crypto: 1:0.5 in the 1-Step, 1:1 in Phase 1, and 1:2 in Phase 2.
  
• Metals and Energy: 1:10 in the 1-Step, 1:20 in Phase 1, and 1:30 in Phase 2.
  

This setup rewards traders who pass Phase 1 in the 2-Step challenge, since leverage increases in Phase 2.

Platforms & Markets

FundedFX uses the Match-Trader platform for all accounts. You can access it on both web and mobile, which makes it convenient to trade from anywhere.

The firm gives access to over 500 instruments. These include:

• Forex pairs
  
• Global indices
  
• Commodities
  
• Individual stocks
  
• Cryptocurrencies
  

This range of markets allows traders to test different strategies without being limited to only a couple of asset types.

Trading Costs & Conditions

Trading with FundedFX comes with some basic costs and rules:

• Commission: $2 per side, which means $4 for a full round trip trade.
  
• Spreads: Variable spreads, depending on the market.
  
• No extra fees: There are no platform or maintenance fees.
  

As for trading rules:

• Overnight trades are allowed, so you can hold positions past market close.
  
• Weekend trades are not allowed. You must close all positions before the weekend market close.
  
• News trading is allowed, but if you open or close a trade within 2 minutes of a major news release, you must hold it for at least 2 minutes.
  
• EAs (Expert Advisors) and trade copiers are allowed, but they must follow the firm’s rules.
  
• 5-minute rule: The average trade duration must be more than 5 minutes, and at least half of your profits must come from trades that lasted longer than 5 minutes.
  
• Swap-free accounts are not offered, so Islamic accounts are not available.
  

Payouts

FundedFX has two payout options:

1. Biweekly payouts: Every 14 days, traders can withdraw profits if they have at least $100 in gross profit.
   
2. On-demand payouts: Traders can withdraw anytime if two conditions are met:
   
   • The best trading day does not make up more than 30% of total profits.
     
   • At least 2% of profits are left in the account after the withdrawal.
     

There is also a buffer rule. Once a trader makes 10% profit, the drawdown resets to the starting balance. If a trader withdraws all profits at that point, the account can be closed because it would have no room left for drawdown.

Scaling (Growth Plan)

FundedFX has a scaling plan to help traders grow their accounts if they perform well.

• Every 3 months, accounts are reviewed.
  
• To qualify, a trader must make at least 12 percent net profit over the past 90 days.
  
• If they qualify, the account balance increases by 25 percent.
  

The scaling cap is $1,000,000 or 5 times the initial balance. For example, a trader who starts with $100,000 could scale to $200,000 within 12 months if they meet the growth targets. The firm also allows accounts to be merged during scaling cycles.

Rules, Restrictions & Policies

FundedFX has clear rules that traders must follow:

• Inactivity rule: If a trader does not log in or trade for 30 days, the account is permanently closed.
  
• Prohibited behaviors: Holding trades over the weekend, breaking daily or overall drawdown limits, using all-or-nothing strategies, or ignoring the 5-minute and news trading rules will cause account termination.
  
• Allowed strategies: Manual trading, algorithmic trading with bots or EAs, scalping, swing trading, and news trading are all allowed as long as they follow the time rules.
  
• Retakes: Traders can retry as many times as they want by buying a new challenge.

Program Mechanics – How It Works

Getting started with FundedFX is simple:

1. Create an account on their website.
   
2. Pick the challenge type and account size you want.
   
3. Review all the rules so you understand the targets and limits.
   
4. Pay the one-time fee.
   
5. Get your login credentials and start trading.
   

FundedFX also has a pass early policy. If you reach the profit target and finish the minimum trading days, you don’t need to keep trading until the end of the phase. For example:

• In the 1-Step challenge, you can pass once you make 8 percent and trade at least 7 days.
  
• In the 2-Step challenge, you can pass Phase 1 with 8 percent and 5 trading days, then Phase 2 with 5 percent and 7 trading days.
  

You must close all trades before the end of each phase.

FundedFX Competition

FundedFX runs free competitions called Funding Runs. These give traders a chance to win challenge accounts without paying.

• Example: The October Funding Run ends on October 15, 2025.
  
• The prize is a free $10,000 Challenge account worth $85.
  
• Entry is free.
  
• You must complete KYC verification to claim the prize.
  
• At least 10 traders must join or the competition can be canceled.
  

The competition works like a leaderboard. Traders compete, and the winner receives the challenge account at no cost.

Discount Code

Final Verdict

FundedFX is a solid option for traders who want affordable entry and the chance to scale up to $1,000,000 in funding. The challenges are clear, the rules are strict but fair, and the firm offers both biweekly and on-demand payouts.

Pros

• Low entry cost starting around $85.
  
• Scaling plan up to $1,000,000.
  
• On-demand payouts with fair conditions.
  
• Profit split up to 90 percent.
  
• 500+ instruments across forex, stocks, indices, commodities, and crypto.
  
• Free competitions that give out funded accounts.
  

Cons

• Weekend holding is not allowed.
  
• No swap-free (Islamic) accounts yet.
  
• Must follow the 5-minute rule and news-trading limits.
  
• Only available on the Match-Trader platform.
  

Best For

FundedFX is a good fit for:

• Scalpers who can manage around the 5-minute rule.
  
• Swing traders who like holding trades overnight (but not on weekends).
  
• Algo traders and EA users, since automation is allowed.
  

How It Stacks Up

Compared to other prop firms, FundedFX stands out with its very low entry costs and free competitions. The scaling plan to $1M is competitive with larger firms, and the payout options give traders flexibility. The rules are stricter in some areas, but they are clear and transparent.

Overall, FundedFX is worth considering if you want a beginner-friendly way to start prop trading and are comfortable following the rules.

FundedFX FAQ

What is FundedFX?

FundedFX is a prop trading firm that gives traders demo accounts to show their skills. When traders pass a challenge, they get a funded account and can keep up to 90% of their profits.

How much does it cost to join FundedFX?

FundedFX challenges start from around $85 for a $10K account. Prices change depending on which challenge and account size you pick.

What platforms does FundedFX use?

FundedFX uses the Match-Trader platform for all trading. It works on both web and mobile.

When can I get paid?

Traders can request payouts every 14 days, or anytime if they meet the on-demand payout rules.

What is the scaling plan at FundedFX?

If you make 12% profit in 90 days, your account balance can increase by 25%. You can scale up to $1,000,000 or five times your starting balance.

Does FundedFX allow EAs and bots?

Yes, EAs and trade copiers are allowed, as long as they follow all of the trading rules.

Can I hold trades overnight or on weekends?

You can hold trades overnight, but weekend holding is not allowed. All trades must be closed before the market closes on Friday.

Is there a free competition at FundedFX?

Yes, FundedFX runs Funding Run competitions where traders can join for free. The winner gets a $10,000 challenge account worth $85.

What is the FundedFX discount code?

Use the code FT30 to get 30% off your first challenge and an extra 10% return value.

Is FundedFX a legit prop firm?

FundedFX is operated by Nexus Forex Ltd, which is registered in Comoros. It offers simulated accounts for trader evaluations and clear payout rules.