| Year Established | 2023 |
| Headquarters | Malta |
| CEO | Gary Mullen |
| Mission | To empower traders by providing top-tier trading resources, comprehensive support, and a transparent pathway to achieve their trading goals. |
| Funding Models/Programs | Regular Program, Fast Track Program, Swing Program |
| Account Sizes | Up to $50,000 |
| Profit Splits | 80% to 90% |
| Leverage | Up to 1:100 |
| Trading Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Trading Fees | Spreads, Commissions, Swaps |
| Payout Frequency | Monthly, with options for bi-weekly or weekly |
| Payment Methods | Credit/Debit Cards, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT-ERC20), USD Coin (USDC-ERC20) |
| Restricted Countries | Varies, check with FunderPro for specific details |
| Support Channels | Email, Live Chat, Discord, LinkedIn, FAQ Section |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | TradeLocker |
| Account Currencies | USD |
| Brokers | ThinkMarkets |
| Rules | Daily Drawdown Limit, Maximum Drawdown Limit, Stop-Loss Orders, Minimum Trading Days |
| Deposit and Withdrawal Methods | Credit/Debit Cards, Cryptocurrencies (BTC, ETH, LTC, DOGE, USDT-ERC20, USDC-ERC20) |
| Pros | High Profit Splits, Flexible Funding Programs, Wide Range of Trading Instruments, Competitive Leverage, Multiple Payment Methods, Quick Start |
| Cons | Specific Trading Restrictions, Minimum Trading Days, Verification Delays for Crypto Payments, Limited Information on Profit Splits, Recent Establishment |
Introduction
FunderPro is a proprietary trading firm that offers three account types, including two two-step evaluations and a one-step evaluation. Partnered with ThinkMarkets as their broker, and TradeLocker as their trading platform.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders. Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
FunderPro Company Overview
FunderPro is a proprietary trading firm with the legal name FunderPro Ltd that was incorporated in February 2023 and is headquartered in Malta. The firm is managed by CEO Gary Mullen. Gary and his team have designed a challenge they believe is a “game changer” in the proprietary trading industry, eliminating complicated trading rules and allowing unlimited time for traders to complete the challenge.
They aim to provide traders worldwide with the opportunity to showcase their trading skills and achieve real capital gains. Additionally, they believe that the extensive resources offered by FunderPro will help traders improve their performance and achieve better results.
FunderPro was launched by Red Acre Group, an innovative fintech company known for its advanced technology and expertise in industries such as fintech and blockchain. The primary aim of Red Acre Group is to minimize the challenges of running a business and devise sustainable solutions for optimal performance and success in the long term.
Key Highlights
- Headquarters: Malta
- Year Established: 2023
- Mission: To offer traders worldwide the opportunity to showcase their trading skills and achieve real capital gains, supported by extensive resources to enhance their performance.
- Vision: To be a leader in the proprietary trading industry by providing innovative and comprehensive trading solutions.
FunderPro Funding Programs
FunderPro offers traders three distinct account types designed to accommodate various trading strategies and experience levels. These include two two-step evaluation programs and one one-step evaluation program, allowing traders to choose the path that best suits their goals and trading style.
Summary of Available Programs:
- Regular Program: A traditional evaluation process with standard requirements.
- Fast Track Program: A quicker route to funding with more aggressive targets.
- Swing Program: Designed for swing traders, accommodating longer holding periods.
Regular Program
Best For New or Conservative Traders. The Regular Program is ideal for those who prefer a more measured and thorough evaluation process. It allows traders to demonstrate their skills and consistency over an extended period, making it suitable for individuals who are building confidence or prefer a steady pace.
And for Traders Seeking Comprehensive Evaluation. This program suits traders who appreciate a detailed assessment of their abilities, as it includes multiple phases that test different aspects of their trading performance.
- Evaluation Phases:
- Phase 1: Achieve a profit target within a specified period while adhering to risk management rules.
- Phase 2: Maintain consistency and risk management over a second evaluation period.
- Leverage: Up to 1:100.
- Trading Instruments: Forex, commodities, indices, and cryptocurrencies.
- Rules: Adhere to daily and maximum drawdown limits, use stop-loss orders, and trade a minimum number of days.
- Trading Days: Typically, a minimum of 10 trading days in each phase.
Swing Program
Best For Swing Traders. Ideal for traders who hold positions for several days or weeks, providing the flexibility needed to capitalize on longer-term market movements.
- Leverage: Up to 1:100.
- Trading Instruments: Forex, commodities, indices, and cryptocurrencies.
- Rules: Adhere to daily and maximum drawdown limits, use stop-loss orders.
- Trading Days: Flexibility in holding trades for longer durations to meet evaluation criteria.
Fast Track Program
Best For Experienced Traders. Suitable for traders who are confident in their skills and prefer a faster route to funding, willing to meet more aggressive profit targets within a shorter timeframe.
- Leverage: Up to 1:100.
- Trading Instruments: Forex, commodities, indices, and cryptocurrencies.
- Rules: Adhere to daily and maximum drawdown limits, use stop-loss orders.
- Trading Days: Minimum number of trading days required to achieve profit targets.
FunderPro Trading Conditions and Requirements
FunderPro provides a well-structured trading environment with specific conditions and requirements to ensure disciplined and successful trading. Below are the details of the trading conditions and requirements for their programs:
Leverage
FunderPro offers leverage up to 1:100, allowing traders to maximize their potential returns while maintaining a manageable level of risk.
Trading Instruments
Traders with FunderPro have access to a wide range of trading instruments, including:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Precious metals, energy products, and agricultural commodities.
- Indices: Major global indices from various markets.
- Cryptocurrencies: Popular cryptocurrencies such as Bitcoin, Ethereum, and others.
Specific Rules
FunderPro emphasizes strict adherence to risk management and trading rules to ensure consistency and profitability.
- Daily Drawdown Limit: Traders must not exceed the specified daily drawdown limit, which is a percentage of their account balance.
- Maximum Drawdown Limit: There is a maximum drawdown limit that traders must not breach to remain eligible for funding.
- Stop-Loss Orders: Traders are required to use stop-loss orders to manage risk effectively.
- Trading Days: A minimum number of trading days is required during the evaluation phases to ensure consistency and skill demonstration.
Trading Days
The number of trading days required varies by program:
- Regular Program: Typically requires a minimum of 10 trading days in each phase of the evaluation process.
- Fast Track Program: Also requires a minimum number of trading days, although the evaluation period is shorter.
- Swing Program: Allows for flexibility in trading days, accommodating longer holding periods typical of swing trading strategies.
FunderPro Profit Splits and Payment Methods
Profit Splits
FunderPro offers competitive profit splits, designed to reward traders for their performance and dedication. The profit splits can vary depending on the specific program and performance but generally offer favorable conditions for traders.
- Standard Profit Split: FunderPro provides a generous profit split structure, ensuring traders receive a significant portion of their earnings. Details on the exact split percentage can be found on the FunderPro website or through direct inquiry with their support team.
Payout Frequency
FunderPro ensures that traders can access their profits regularly, offering flexible payout schedules to suit individual preferences.
- Monthly Payouts: Traders can typically expect to receive payouts on a monthly basis, allowing for consistent income from their trading activities.
- Bi-Weekly or Weekly Options: Depending on the program and trader performance, more frequent payout options may be available.
Payment Methods for Both Deposit and Withdrawal
FunderPro supports a variety of payment methods for both deposits and withdrawals, providing convenience and flexibility for traders.
- Major Credit and Debit Cards: Traders can use all major cards for deposits and withdrawals, ensuring quick and secure transactions.
- Cryptocurrency Payments: FunderPro accepts several popular cryptocurrencies, offering a modern and versatile payment option.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Tether (USDT-ERC20)
- USD Coin (USDC-ERC20)
Once a purchase is made and verified (for crypto payments, this means verification on the blockchain), traders will receive their challenge account credentials via email, enabling them to start their trading challenge promptly.
Unique Payout Features
- Flexible Payment Options: The ability to choose between traditional payment methods and cryptocurrencies provides traders with the flexibility to manage their funds in a way that best suits their needs.
- Quick Verification: FunderPro ensures quick verification processes for crypto payments, so traders can begin their challenges without unnecessary delays.
Important Note:
For payments made using ETH (ERC-20), USDT (ERC-20), or USDC (ERC-20), it is essential to use the ERC-20 standard to ensure proper processing and verification.
FunderPro Pros and Cons
Pros:
- High Profit Splits: FunderPro offers competitive profit splits, allowing traders to retain a significant portion of their earnings.
- Flexible Funding Programs: With options like the Regular Program, Fast Track Program, and Swing Program, traders can choose the evaluation process that best suits their trading style and goals.
- Wide Range of Trading Instruments: Access to Forex, commodities, indices, and cryptocurrencies provides diverse trading opportunities.
- Leverage Up to 1:100: This leverage level allows traders to maximize their potential returns.
- Multiple Payment Methods: FunderPro accepts all major credit and debit cards as well as popular cryptocurrencies, offering flexibility in deposits and withdrawals.
- Quick Start: Upon verification of payments, traders receive their challenge account credentials promptly, enabling them to start trading without delay.
- Strong Broker Partnership: Partnered with ThinkMarkets, FunderPro provides a reliable and efficient trading environment.
- Innovative Trading Platform: Trading on TradeLocker ensures a user-friendly and technologically advanced trading experience.
Cons:
- Specific Trading Restrictions: Adherence to strict rules such as daily and maximum drawdown limits and mandatory stop-loss orders can be challenging for some traders.
- Minimum Trading Days: The requirement to trade a minimum number of days during the evaluation phases may not suit all trading strategies, particularly those of high-frequency traders.
- Verification Delays for Crypto Payments: While generally quick, the verification process for cryptocurrency payments may occasionally cause delays.
- Limited Information on Profit Splits: Detailed profit split percentages are not always readily available and may require direct inquiry.
- Recent Establishment: As a firm established in 2023, FunderPro is relatively new in the market, which might be a consideration for traders looking for a longer track record.
FunderPro Broker Partnerships and Trading Environment
Broker
FunderPro is partnered with ThinkMarkets as their broker. ThinkMarkets is a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform. This partnership ensures that traders have access to a robust and efficient trading environment.
Trading Platform
FunderPro uses the TradeLocker trading platform, providing traders with a state-of-the-art trading experience. TradeLocker is known for its user-friendly interface, advanced charting tools, and a wide range of features designed to enhance trading performance.
Trading Fees
FunderPro’s partnership with ThinkMarkets ensures competitive trading fees, which are critical for maintaining profitability. Here’s a breakdown of the typical trading fees:
- Spreads: FunderPro offers competitive spreads, which vary depending on the trading instrument. The spreads are generally tight, allowing for cost-effective trading.
- Commissions: Depending on the account type and trading instrument, commissions may apply. These are structured to be fair and transparent, ensuring that traders understand the costs involved in their trades.
- Swaps: Swap fees, or overnight financing fees, apply to positions held overnight. These fees vary based on the trading instrument and market conditions.
FunderPro Support and Resources for Traders
Available Support Channels
FunderPro is committed to providing robust support to ensure traders can navigate their trading journey with confidence. They offer multiple support channels to address trader inquiries and issues promptly:
- Email Support: Traders can reach out to FunderPro’s support team via email for detailed inquiries and assistance.
- Live Chat: For immediate support, FunderPro provides a live chat feature on their website, allowing traders to get quick responses to their questions.
- Discord and LinkedIn: FunderPro maintains active communities on Discord and LinkedIn, where traders can connect, share experiences, and receive support from both peers and the FunderPro team.
- FAQ Section: The FunderPro website includes a comprehensive FAQ section, addressing common questions and providing detailed information on various aspects of their services.
- Language: The primary language for support and resources is English.
Educational Resources
FunderPro understands the importance of continuous learning and development in trading. To support traders in enhancing their skills and knowledge, they provide a variety of educational resources:
- Webinars: Regular webinars are conducted by trading experts, covering a range of topics from market analysis to advanced trading strategies.
- Articles: A comprehensive library of articles is available, offering insights into trading techniques, market trends, and risk management practices.
- Mentorship Programs: FunderPro offers mentorship programs where experienced traders guide and support less experienced traders, helping them to develop their skills and improve their trading performance.
FunderPro User Experiences and Testimonials
FunderPro has a Trustpilot rating of 4.3 out of 5 stars, indicating a “Great” overall rating based on numerous user reviews.
Positive Feedback
Customer Support: Users frequently commend FunderPro for its responsive and supportive customer service. The team is known for quickly addressing queries and resolving issues, which significantly enhances the trading experience.
Trading Conditions and Platforms: Traders appreciate the flexible trading conditions offered by FunderPro, including the ability to hold trades overnight and over weekends. The firm supports popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the innovative TradeLocker, which provides advanced features and a user-friendly interface. These platforms cater to both traditional and modern trading needs, making it easier for traders to execute their strategies effectively.
Evaluation Process: FunderPro’s evaluation process is praised for its structured and transparent approach. The two-phase challenge allows traders to prove their skills in a simulated environment before managing real capital. The lack of specific time constraints in achieving profit targets provides traders with the flexibility to trade at their own pace, which is particularly beneficial for developing long-term strategies.
Profit Split and Funding: The profit-sharing model, starting at 80% and potentially increasing to 90%, is seen as highly attractive. Additionally, FunderPro offers funding up to $200,000, with opportunities for scaling based on performance, which is a significant draw for many traders.
Negative Feedback
Profit Distribution Transparency: Some users express concerns about the transparency of profit calculations and distributions, leading to skepticism about the fairness of their earnings.
Account Setup Delays: A few users report delays in account setup and funding after completing the evaluation process, causing frustration and hindering their trading activities.
Trading Restrictions: Certain trading restrictions, such as prohibitions on news trading around high-impact events, are seen as limitations by some traders who prefer more freedom in their trading activities.
Conclusion
FunderPro offers a supportive trading environment with responsive customer support and favorable trading conditions. While there are concerns about profit distribution transparency and account setup delays, the overall positive feedback highlights FunderPro as a reliable choice for traders looking to grow their careers with access to significant funding and a flexible trading platform. The innovative TradeLocker platform, in particular, stands out for its advanced features and user-centric design, making it a preferred choice for many traders.
FunderPro Trading Dashboard
The FunderPro Trading Dashboard offers a user-friendly interface designed for easy navigation and effective account management. Key features include:
- Account Management: Monitor account status and performance efficiently.
- Progress Tracking: Visual aids help track the completion of trading challenges.
- Support Access: Direct links to customer support ensure prompt assistance for any issues or questions.
- User-Friendly Interface: An intuitive design allows quick access to essential functions.
Overall, the FunderPro Trading Dashboard is well-structured to enhance the trading experience through its clear and accessible features.
Expert Opinion
FunderPro stands out as a reputable and trustworthy proprietary trading firm, offering diverse funding programs tailored to different trading styles. From an expert trader’s perspective, FunderPro’s well-structured offerings accommodate both conservative and aggressive strategies. The Regular and Swing Evaluations test traders over two phases with realistic profit targets and no time pressure, promoting disciplined trading. The Fast Track program caters to experienced traders seeking a quicker route to funding. Overall, FunderPro’s transparent evaluation processes, excellent profit splits, and supportive trading conditions make it an attractive choice for traders seeking funding opportunities.
In conclusion, FunderPro provides traders with an opportunity to choose between three funding programs: the Regular and Swing Evaluations, which are two-step evaluations, and the Fast Track, a one-step evaluation. The Regular and Swing Evaluations require completing two phases with realistic profit targets and no time pressure. The Fast Track program offers a quicker route to funding with a single phase and higher profit targets. FunderPro’s competitive profit splits, scaling plan, and supportive resources make it an excellent choice for traders with a well-developed strategy seeking consistent profits.
I recommend FunderPro to individuals looking for a reputable proprietary trading firm that provides exceptional trading conditions catering to diverse trading styles.
