FundYourFX Review

FundYourFX Review

The increased profit potential is one of the primary advantages of prop trading over other forms of trading. Prop trading firms are willing to invest in anyone who can show them that they understand how to make money in the market. In this FundYourFX review, we will look into them, a newer but reputable prop firm that does not require you to do any challenges or demo accounts. Be sure to read until the end and we have prepared a special 10% discount link for each FundYourFX funded trader program.

About FundYourFX

FundYourFX is a reputable prop firm with excellent reviews on Trustpilot, TrustIndex, and Google Reviews. They are a newer firm, incorporated in 2021 and based in London. Their office is 128 City Rd, London, EC1V 2NX, United Kingdom. FundYourFX uses EightCap as its trading platform. EightCap is a broker that has won awards and has some of the best spreads on the market.

Their key expectation is that their clients are disciplined individuals who correctly manage risk and focus on long-term consistency. If they are continuously profitable, their start-up capital can increase every time they make a profit of 10% automatically. And it can continue to increase steadily. Depending on the funded trading program you choose, you can scale your account up to $1.75M. This is a new scaling plan that they have introduced.

They are also the first prop firm that offers 10% of its 50% split to charity. So traders will still get 50%, but FundYourFX will get 40%, and 10% will go to charity. And if a trader wants to join this initiative, they can also donate their 10% profit to charity, which makes it a 40-40 split, and 20% goes to charity. We salute them for being the first to implement this program and hope this will spread to other prop firms looking to make a difference in the world.

Funding Program Options

Their funding program is quite simple. All you have to do is apply on their website for their program. Go to fundyourfx.com and click on apply today. This is to set up an interview, after which they will call you and inquire about your trading experiences. You will then be notified within 24 hours whether you have been accepted as a team member. You will then be able to open a real trading account with the FundYourFX prop firm and begin trading.

Fees

Account setup, administration, risk management, and analytics software are all included in their one-time fee. They have 3 different Funded Trader Programs with different fees. The Starter program costs £147, and you get a capital of $6,000. Their most popular program, the Standard program, is £297, and you get a capital of $15,000. Their most expensive is the Professional program, which costs £577 with a capital of $30,000.

The fees are refundable once you hit the 10% profit 5 times. That means you will get a refund of your initial fee on your 5th profit share. We only see these refundable fees on prop firms with challenge fees where you are refunded only if you pass their challenge. But this is the first time we’ve encountered a non-challenge prop firm that refunds their one-time fee to traders when they show that they are constantly profitable. So as long as you are profitable with FundYourFX, you can treat this refundable fee as a bonus.

Aside from that, there are no hidden fees. Since they don’t have challenges, there are no challenge fees. This means you are guaranteed funding if you accept and paid the fee.

They accept several payment options. They accept all major credit cards and debit cards issued by VISA or MasterCard. Customers can also pay with bank transfers or PayPal. Another interesting feature is the ability to pay with USDT, a digital cryptocurrency that enables fast, safe, and anonymous transactions. If you want a 10% discount, we have a coupon code for you to use; FUNDEDTRADING10.

Tradable Assets

FundYourFX provides a wide range of financial assets for traders to choose from. Every asset and instrument on your trading platform is available for trade.

Forex
You can access more than 40 major and minor currency pairs via Eightcap’s trading platform.

Crypto
More than 300 different cryptocurrencies and crypto indices are accessible, providing trading on MT4 with low spreads.

Commodities
West Texas Intermediate Crude Oil (USOUSD) and Brent Crude Oil (UKOUSD) are available for trading in CFDs.
Moreover, they provide CFDs for gold (XAUUSD) and silver (XAGUSD).

Indices
You can trade some of the most popular indices in the world.
US30
FRA40
GER30
UK100
AUS200
EUSTX50
JPN225
SPX500
NDX100
HK50

Restrictions

FundYourFX has one of the most flexible trading rules in the industry. They give you more freedom to trade any trading approach or style at any time of day. You may trade the news, hedge positions, and leave transactions open throughout the weekend and overnight. You may also use your own expert advisors. All they ask is that you follow the risk management rules.

Just remember that traders at level 1-2 have to use a stop loss. Discipline training is essential for all traders, but it is particularly crucial for novice traders. At level 3, however, a stop loss is no longer necessary.

Another thing to keep in mind is that they take away the maximum lot size once you reach level 5. Not only is the lot size gone at level 5, but you also get your refundable fee and your profit share is boosted to 70%. The better you are at trading, the bigger your reward will be.

Here is a more comprehensive view of the scaling and rules:

Challenge

FundYourFX is a no-challenge prop firm. They allow you to trade with a live account as soon as you are accepted. They will email you the contract and all the documentation you need to get started within 24 hours of receiving the interview results. 

Charitable Initiative

This is something that has never been done by a prop firm before. But FundYourFX will be the first proprietary trading firm to provide 10% of earnings to charity. Their traders will still get 50%, while FundYourFX will keep 40% and donate 10% to four organizations of their choice. Their traders can also participate in this humanitarian endeavor. FundYourFX allows them to give their 10% profit share. If the trader agrees, the profit is shared 40-40 each month, with the charity receiving 20%. They picked an environmental charity, a hunger-relief charity, a child abuse prevention charity, and a financial literacy charity for this initiative.

They will support these four issues but work with several groups in each area rather than just one. We can see this happening with other prop firms in the future. But for now, FundYourFX is the only one that is doing this. If you want to read more regarding this, you can visit here.

In Conclusion

FundYourFX is a no evaluation prop firm that provides something unique compared to most prop firms. They allow you to trade with real funds immediately, with no minimum waiting period and a reasonable profit share. You can obtain funding of up to $1.75 million with no trading challenge, no profit objectives, no accountability to losses, and up to70% profit split. This is one of the reasons we think FundYourFX is a great prop firm to join.

Time is important, and not having to complete challenges saves you a lot of time. If you want to trade with real money as soon as possible, you can’t go wrong with this firm. For an instant funding account, the one-time fee is probably the lowest we have seen. And you are also offered an opportunity to participate in their charitable initiative if you wish to donate your share. You can also visit this link for more information about their charity initiatives.

FundYourFX Discount Code 10%

If you want to join FundYourFX, use our exclusive code for a 10% discount FUNDEDTRADING10