FunderPro Review (20% Discount Code)

FunderPro Review

Presenting FunderPro, a trading firm that allows traders to showcase their skills and secure funding. They are committed to helping traders achieve their goals through a transparent and straightforward evaluation.

In this in-depth review, we will delve into the various aspects of FunderPro, including its funding options, trading rules, fees, and more. Whether you are an experienced trader exploring new avenues or a novice taking your first steps into the trading world, this review aims to provide unbiased information to make an informed decision about FunderPro’s suitability for your trading endeavors.

About FunderPro

FunderPro is a trading platform that aims to empower traders of all skill levels by offering them a fair chance to overcome carefully designed challenges. What sets them apart from other platforms is their commitment to eliminating unrealistic requirements and introducing challenge scenarios with no time constraints. This allows traders to trade at their own pace without feeling rushed.

At the core of FunderPro’s philosophy is the belief in pushing boundaries and challenging what’s possible. They have partnered with prestigious entities like Ferrari and Ollie Bearman from Formula 2 to showcase the potential success of trading without limits. This partnership aligns with their values of high energy, collaboration, boundary-pushing, and a focus on possibilities.

FunderPro offers traders the freedom and flexibility to manage funds of up to $200k, allowing them to explore and implement their preferred trading strategies without constraints. The platform is designed to be simple, accurate, and high-performing, catering to traders of all experience levels.

Additionally, FunderPro provides comprehensive support to traders. Their team of experts is available 24/7, offering customer and trade support. As one of the only prop firms to offer real capital accounts, it ensures faster processing times and live trading accounts backed by their own funds. 

Unlike platforms that make you wait for hours or even days, FunderPro ensures that you can get started and access your dashboard in a matter of seconds. With a quick and hassle-free sign-up process, you can create an account, gain instant access, and begin trading.

Funding Program Options

When it comes to trading in the financial markets, having access to adequate funding is crucial. FunderPro offers a range of funded trading accounts, each tailored to meet the unique needs of traders. Let’s take a closer look at the various funding program options offered by FunderPro.

Account Types and Trading Requirements

FunderPro offers four distinct funded trading accounts, each with different funding amounts but sharing the same requirements and benefits. These accounts are designed to accommodate traders at different stages of their trading journey and provide a structured approach to risk management and profitability.

• $25,000 Account:
  • Funding Amount: $25,000
  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Trading Days: 5 days

• $50,000 Account:
  • Funding Amount: $50,000
  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Trading Days: 5 days

• $100,000 Account:
  • Funding Amount: $100,000
  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Trading Days: 5 days

• $200,000 Account:
  • Funding Amount: $200,000
  • Daily Drawdown Limit: 5%
  • Overall Drawdown Limit: 10%
  • Profit Target (Phase 1): 10% of the account size
  • Profit Target (Phase 2): 8% of the account size
  • Consistency Rule: Not applicable in Phase 1, 60% limit in Phase 2
  • Minimum Trading Days: 5 days

Please note that the minimum trading days requirement applies exclusively to phases 1 and 2 of the challenge and is not applicable once a trader becomes funded.

Fees

FunderPro offers a selection of funded trading challenges tailored to meet your trading needs. They provide four different account sizes, ranging from $25,000 to $200,000. The fees associated with these accounts vary based on the account size. For instance:

• $25,000 Account: The fee for this account is $250.
• $50,000 Account: The fee for this account is $300.
• $100,000 Account: The fee for this account is $550.
• $200,000 Account: The fee for this account is $995.

However, if you successfully complete phase two of the trading challenge, they will refund the fees you paid back to your account.

They offer flexibility in account selection. While you can purchase multiple accounts, please note that the maximum number of active accounts allowed at any given time is 24, depending on the combination of account sizes. Furthermore, the total initial capital across all your accounts cannot exceed $400,000.

Considering the four challenges: $25,000, $50,000, $100,000, and $200,000, you can have the following configurations:

• 16 accounts with $25,000 each.
• 8 accounts with $50,000 each.
• 4 accounts with $100,000 each.
• 2 accounts with $200,000 each.

Alternatively, you can combine different account sizes as long as the total initial capital does not exceed $400,000. For example, you could have a combination of $25,000, $50,000, $100,000, and $200,000 accounts.

Tradable Assets

FunderPro presents many tradable assets, including forex and cryptocurrencies, stocks, indices, metals, and energies. With a strong emphasis on providing a secure and reliable trading environment, they have adjusted leverage levels for select instruments, allowing traders to hold positions overnight and over the weekend. Notably, they offer one of the most competitive leverage levels among prop firms.

Regarding forex and cryptocurrencies, traders can enjoy maximum leverage of 1:100. For metals, indices, and energies, the leverage ratio extends to 1:200, providing greater flexibility. Stocks, on the other hand, have a maximum leverage of 1:20. These varying leverage levels enable traders to manage risk effectively while trading a diverse range of assets on FunderPro.

Restrictions

FunderPro provides traders a clear framework for managing risk and achieving consistent profits. One factor that sets them apart from other funding programs is its emphasis on flexibility and accessibility. For instance, traders can hold trades overnight and over the weekends on all FunderPro challenges, which can be a significant advantage for those who want to take advantage of market movements that occur during those times.

Trading Platform

FunderPro offers comprehensive support for popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker, providing traders with various options to suit their trading preferences and needs.

First, let’s delve into FunderPro’s support for the well-established MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Then, we will discuss the platform that holds immense promise and excitement: TradeLocker, the innovative trading platform that offers advanced features and a user-friendly interface.

While MetaTrader is already a well-known name in the trading world, let’s take a moment to provide an overview of its two popular platforms, MT4 and MT5:

MetaTrader 4 (MT4):

• Renowned trading platform with a user-friendly interface.
• Comprehensive set of features and tools for market analysis and trade execution.
• Access to various technical indicators for in-depth market analysis.
• Advanced charting capabilities for better visualization of price movements.
• Customizable trading strategies through expert advisors (EAs).
• Backtesting functionality to test and optimize trading strategies.
• Supports automated trading systems.
• Availability of historical data for analysis and strategy development.

MetaTrader 5 (MT5):

• Advanced platform offering expanded features and functionality.
• Broader range of tradable assets, including forex, stocks, commodities, and cryptocurrencies.
• Enhanced interface and improved execution speed for efficient trading.
• Depth of market (DOM) functionality for a detailed view of buy and sell orders.
• More built-in technical indicators for comprehensive market analysis.
• Powerful strategy tester for optimizing and testing trading strategies.
• Multi-asset capabilities for diversifying trading portfolios.

Now that we have discussed MetaTrader, let’s start by discussing the impressive TradeLocker platform. 

TradeLocker is a trading platform that embraces the concept of co-creation, actively involving its users in shaping the future of trading. Traders can join the TradeLocker Discord community, engaging in discussions about platform development and providing valuable input. By exploring TradeLocker’s roadmap, traders can anticipate exciting upcoming features and enhancements. This unique approach truly places traders at the center, making TradeLocker one of the best platforms available, built by traders, for traders.

Here are the key features of TradeLocker:

• Smart and Intuitive Interface: Enjoy a user-friendly platform that allows for easy editing of orders and account settings with a few clicks.
• Advanced Technical Analysis: Benefit from advanced analytical features, superior charts, and customizable indicators for comprehensive technical analysis.
• One-Click Trading: Execute trades quickly and efficiently with just a single click, taking advantage of market opportunities without delay.
• Funded Trading Accounts: Trade with real capital and access advanced risk management features, such as stop-loss and take-profit functions, to enhance trade control.
• Trade Anywhere: Take advantage of a fully optimized mobile platform, enabling you to trade seamlessly from any location and never miss out on trading opportunities.
• Superior Charting with TradingView: Access advanced charting capabilities, customizable indicators, and multiple timeframes for comprehensive market analysis, all integrated with TradingView.
• In-App Trading: Simplify the trading process by executing trades directly from the platform, streamlining order placement and trade execution.
• Deep Liquidity and Better Pricing: Access deep liquidity and real-time data across various assets, enabling informed trading decisions with better pricing options.
• Trade Micro Lots: Manage risk effectively with a minimum lot size of 0.01 lots, allowing for precise risk management in high-volume trading.

TradeLocker is truly a platform that stands out in the trading world. It offers traders a seamless blend of high-performance trading, advanced features, and superior chart tools, all wrapped up in a user-friendly interface. If you value precision in your trading activities and seek a comprehensive trading solution, we recommend giving TradeLocker a try. It’s a platform that has captured the essence of what traders truly need to excel in their trading endeavors.

Challenge

To assist you in understanding the key components of the FunderPro Trading Challenge, we have prepared a breakdown of its phases, requirements, and associated benefits. This breakdown will help you navigate through the program’s structure and grasp the progression from the initial phase to becoming a funded trader. By outlining the requirements, targets, and advantages at each stage, you will gain a clearer understanding of the pathway this challenge offers. Let’s explore the breakdown below:

Phase One:

• Traders operate on a demo account, simulating real trading conditions.
• Profit target: 10% of the account size.
• There are no specific time limits for reaching the profit target, allowing traders to trade at their own pace.
• Minimum trading days: 5 days.
• Maximum drawdown limit: 5% of the account size.
• Successful completion of phase one is required to progress.

Phase Two:

• Traders continue trading on a demo account, refining their skills and strategies.
• Profit target: 8% of the account size.
• There are no predefined time limits for achieving the profit target, providing traders with flexibility.
• Traders must also meet the consistency rule, limiting the total profits generated on their best trading day.
• Successful completion of phase two leads to becoming a funded trader.

Funded Trader Benefits:

• Transition to trading on a live account.
• No minimum trading days.
• Access a full Straight-Through Processing (STP) broker for efficient trade execution.
• Profit share: 80/20 in favor of the funded trader.
• Opportunities for higher earnings and rewards as a funded trader.

Risk Management and Profitability

To ensure traders manage their risk effectively, FunderPro implements strict drawdown limits. The daily drawdown limit of 5% ensures that traders do not exceed a 5% loss of the current account size in a single trading day. This helps protect traders from significant losses and encourages prudent risk management.

In addition to the daily drawdown limit, FunderPro also imposes an overall drawdown limit of 10%. This means traders must ensure their losses do not exceed 10% of the account size at any given time. By setting these limits, they emphasize the importance of risk control and encourage traders to adopt a disciplined approach to their trading activities.

Profit targets are another essential aspect of FunderPro’s funding program. It varies depending on the phase of the challenge. In phase one, traders must achieve a profit target of 10% of the account size. As traders progress to phase two, the profit target is reduced to 8% of the account size. This approach allows traders to demonstrate consistent profitability while adapting to changing market conditions.

The consistency rule is specifically applied in phase two of the challenge. It ensures that no single-day profit should account for 60% or more of the total profit generated throughout the challenge. This rule encourages traders to maintain a balanced and steady approach to their trading strategies, avoiding excessive risk-taking and seeking sustainable profitability.

Funding Process and Scaling Plan

FunderPro has streamlined its funding process to make it straightforward for traders to get funded. Traders can achieve funded status by meeting the requirements of both phases of the challenge. By demonstrating their trading skills, risk management abilities, and consistent profitability, traders can unlock the funding they need to take their trading endeavors to the next level.

Furthermore, they offer a scaling plan for its $100,000 and $200,000 challenges. The scaling plan allows traders to increase their account balance gradually over time, potentially earning a higher payout. Under this plan, traders can enjoy a generous 50% increase in their account balance every three months, up to a maximum of $5 million. To be eligible for the scaling plan, traders must consecutively meet a 10% profit target for three months, showcasing their ability to achieve consistent and sustained profitability.

Benefits of Being a Funded Trader:

Upon becoming a funded trader, participants can trade on a live account with a full Straight Through Processing (STP) broker. This opportunity allows traders to utilize their skills and strategies with real capital, enhancing the trading experience. As a funded trader, you will benefit from an 80/20 profit share in your favor, providing a lucrative incentive for successful trading. This profit share arrangement rewards your profitable trades, allowing you to maximize your earnings while enjoying the support and resources offered by the FunderPro Trading Challenge.

Once you demonstrate your market expertise, you can start receiving weekly profit payouts. Your first profit allocation becomes eligible just seven days after you place your first trade on your Live Trading Account. Requesting payouts for your weekly profits is a straightforward process, and they ensure quick processing within a 24-hour timeframe.

Additionally, FunderPro takes pride in fostering a sense of achievement and recognition within the prop trading industry through their exclusive FunderPro Top Performers Leaderboard. This dynamic feature creates a platform for traders to showcase their exceptional trading skills and establish themselves as leaders in the field. The leaderboard prominently displays the top 10 traders, offering valuable insights into their performance metrics, such as their starting balance, cumulative profit & loss, return on investment, average winning trade, number of trades executed, and a comprehensive breakdown of their trading history. By celebrating the success of these traders and providing them with visibility among their peers, FunderPro cultivates a vibrant and supportive trading community where excellence is acknowledged and celebrated.

Conclusion

FunderPro offers traders a unique opportunity to build their trading career with its funded trading challenges. The company offers four account sizes with straightforward trading requirements, including daily and overall drawdown limits, profit targets, and consistency rules. Moreover, their funding process is simple and transparent, and traders can get funded by meeting the requirements of the two phases. Additionally, the scaling plan offered on its $100k and $200k challenges provides traders ample opportunity to increase their balance and potential payout over time. With a range of tradable assets, competitive leverage levels, and a commitment to trader safety and success, FunderPro is a solid choice for traders looking to take their trading career to the next level.

FunderPro Discount Code 20%

If you want to join FunderPro, use our exclusive code for a 20% discount FUNDEDT20