FundedPro Broker Overview
As proprietary trading firms grow in prominence within the financial industry, they’re reshaping how traders engage with markets. FunderPro, founded in 2023 by Gary Mullen, is a relatively new entrant that has quickly established a respectable footprint across numerous countries worldwide. At FunderPro, traders can manage simulated capital up to $200,000, with the potential to scale to $5 million through three distinct funding programs, enabling participation in various financial markets. The platform supports a wide array of assets, including Forex, indices, energy, metals, and cryptocurrencies.
The firm offers leverage up to 1:100, varying by chosen challenge program and traded asset. Traders can begin with simulated trading via evaluation programs, securing up to 80% profit splits while utilizing well-known platforms like TradeLocker and cTrader. Challenge fees range from $79 to as high as $1,199, depending on the selected plan and its step count. However, a drawback is the platform restriction to only TradeLocker and cTrader, which limits flexibility. Additionally, the absence of stock (equity) trading on FunderPro at the time of writing is notable. Nevertheless, let’s delve into the detailed evaluation plans and user experiences to assess the ease of completing challenges and aid your decision-making process.
During our evaluation, we examined FunderPro’s fee structure and found it to be commendably transparent, a refreshing contrast to competitors who sometimes obscure costs with complex plans. Each evaluation account at FunderPro requires a single refundable fee, starting at $79—somewhat higher than rivals like Goat Funded Trader and FundingPips—and reaching up to $1,199.
Beyond the initial fees, FunderPro imposes additional commissions, unlike platforms such as TraderScale. The commission details are as follows:
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Commission on TradeLocker: $7 per lot for regular pairs and $8 per lot for PRO pairs.
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Commission on cTrader: $7 per lot for regular pairs and $8 per lot for PRO pairs.
These commissions apply solely to Forex, gold, and silver trading. Indices, commodities, and cryptocurrencies incur no commissions on FunderPro.
Whether depositing funds or withdrawing earnings, FunderPro accommodates a range of crypto and fiat payment options. Funding your account is a simple process: access the FunderPro login page and select an account to purchase.
Supported currencies include USD, EUR, and Nigerian Naira (NGN), processed through both global and local payment providers.
Deposit Methods
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Credit/debit cards (Visa and Mastercard)
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Bank Transfer
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PayPal
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Local NGN transfers via Korapay
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Cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), USD Coin (USDC), Tether (USDT), and Litecoin (LTC)
FunderPro’s support for diverse payment methods across multiple regions enhances its global reach. However, completing KYC is necessary to purchase an evaluation program, ensuring that account details match those of your payment method.
Tip: If you possess a FunderPro coupon code, apply it at checkout for a discount.
Withdrawal Methods
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Rise (formerly Riseworks) for fiat payouts
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USDC (ERC20) for crypto withdrawals
Note that profit withdrawals are unavailable until the Funded Account Challenges are fully completed.
FunderPro features three Challenge categories, each offering unique leverage levels for supported assets. Here’s an overview of the firm’s accounts and margins:
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Fast Track Challenge
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Forex: 1:50
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Metals, Oil, and Indices: 1:10
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Crypto: 1:2
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Regular Challenge
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Forex: 1:100
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Metals, Oil, and Indices: 1:50
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Crypto: 1:2
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Swing Challenge
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Forex: 1:30
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Metals, Oil, and Indices: 1:10
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Crypto: 1:1
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With these varied leverage options, traders can select the configuration that best aligns with their risk tolerance and financial objectives.
In our FunderPro review, we noted that the firm supports only two trading platforms: cTrader and TradeLocker. While these are favored among traders, the absence of platforms like MT4 and MT5 is significant.
Both supported platforms permit trading with Expert Advisors (EAs) and bots. Additionally, TradeLocker provides proprietary artificial intelligence (AI) and Application Programming Interface (API) tools that users can utilize for automated trading.
However, specific rules govern such activities on FunderPro. For instance, when employing EAs, certain platforms impose maximum ticket sizes for Forex, commodities, and indices per order, though these are not clearly outlined on the company’s website. It’s advisable to contact the support team for further clarification before using EAs or bots.
FunderPro offers three primary evaluation programs:
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Fast Track
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Regular
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Swing
Each account provides funding from $5,000 up to $200,000, with a maximum of two phases. All accounts feature 80% profit splits and unlimited trading days. However, profit targets, drawdown limits, leverage, account sizes, fees, and other challenge conditions differ. Let’s explore the details below:
Fast Track (1-Phase) Challenge
The Fast Track (1-Phase) Challenge on FunderPro suits traders seeking immediate funding without the typical two-step evaluations. This option is ideal for professional or experienced traders with strong risk management skills who wish to avoid delays. Key details include:
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Evaluation funding up to $200K
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Profit target of 17%
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4% maximum daily drawdown
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Unlimited challenge duration
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Up to 1:50 leverage
Fast Track (1-Phase) Challenge Table
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Daily Drawdown |
Overall Drawdown |
One-Time Fee (Refundable) |
|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
80% |
1:50 max |
14% ($700) | 4% | 7% | $79 |
| $10,000 |
Unlimited |
80% |
1:50 max |
14% ($1,400) | 4% | 7% | $139 |
| $25,000 |
Unlimited |
80% |
1:50 max |
14% ($3,500) | 4% | 7% | $249 |
| $50,000 |
Unlimited |
80% |
1:50 max |
14% ($7,000) | 4% | 7% | $349 |
| $100,000 |
Unlimited |
80% |
1:50 max |
14% ($14,000) | 4% | 7% | $549 |
| $150,000 |
Unlimited |
80% |
1:50 max |
14% ($21,000) | 4% | 7% | $819 |
| $200,000 |
Unlimited |
80% |
1:50 max |
14% ($28,000) | 4% | 7% | $1,099 |
Regular (2-Phase) Challenge
The FunderPro Regular (2-Phase) Challenge is designed for traders aiming to establish consistency and progress through the evaluation in two stages (Phases 1 and 2). It provides up to $200,000 in virtual funding with up to 1:100 leverage, making it a suitable choice for those preferring lower risk and greater flexibility.
Regular (2-Phase) Challenge Table – Phase 1
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Daily Drawdown |
Overall Drawdown |
One-Time Fee (Refundable) |
|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($500) | 5% | 10% | $79 |
| $10,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($1,000) | 5% | 10% | $139 |
| $25,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($2,500) | 5% | 10% | $249 |
| $50,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($5,000) | 5% | 10% | $349 |
| $100,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($10,000) | 5% | 10% | $549 |
| $150,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($15,000) | 5% | 10% | $819 |
| $200,000 |
Unlimited |
80% |
Up to 1:100 |
10% ($20,000) | 5% | 10% | $1,099 |
Regular (2-Phase) Challenge Table – Phase 2
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Daily Drawdown |
Overall Drawdown |
Fee |
|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($400) | 5% | 10% |
Free |
| $10,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($800) | 5% | 10% |
Free |
| $25,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($2,000) | 5% | 10% |
Free |
| $50,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($4,000) | 5% | 10% |
Free |
| $100,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($8,000) | 5% | 10% |
Free |
| $150,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($12,000) | 5% | 10% |
Free |
| $200,000 |
Unlimited |
80% |
Up to 1:100 |
8% ($16,000) | 5% | 10% |
Free |
Tip: The Regular evaluation programs at FunderPro include a scaling plan that boosts traders’ capital by 50% every three months.
Swing (2-Phase) Challenge
The Swing Challenge at FunderPro caters to traders seeking greater flexibility, with accounts designed for overnight trading and weekend holding. This option suits swing traders comfortable with its lower 1:30 leverage for forex trades.
Accounts can scale by up to 50% every three months if trading criteria are met, though maximum lots apply. See additional details below:
Swing (2-Phase) Challenge – Phase 1
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Daily Drawdown |
Overall Drawdown |
Max Lots |
One-Time Fee (Refundable) |
|---|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($500) | 5% | 10% | 0.5 | $89 |
| $10,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($1,000) | 5% | 10% | 1 | $149 |
| $25,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($2,500) | 5% | 10% | 2.5 | $269 |
| $50,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($5,000) | 5% | 10% | 5 | $379 |
| $100,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($10,000) | 5% | 10% | 10 | $599 |
| $150,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($15,000) | 5% | 10% | 15 | $899 |
| $200,000 |
Unlimited |
80% |
Up to 1:30 |
10% ($20,000) | 5% | 10% | 20 | $1,199 |
Swing (2-Phase) Challenge – Phase 2
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Daily Drawdown |
Overall Drawdown |
Max Lots |
Fee |
|---|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($400) | 5% | 10% | 0.5 |
Free |
| $10,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($800) | 5% | 10% | 1 |
Free |
| $25,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($2,000) | 5% | 10% | 2.5 |
Free |
| $50,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($4,000) | 5% | 10% | 5 |
Free |
| $100,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($8,000) | 5% | 10% | 10 |
Free |
| $150,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($12,000) | 5% | 10% | 15 |
Free |
| $200,000 |
Unlimited |
80% |
Up to 1:30 |
8% ($16,000) | 5% | 10% | 20 |
Free |
Follow these straightforward steps to enroll in challenges on FunderPro:
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Visit the website and click the “Login/Register” button.
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Sign up using your email address and password, or create an instant account via Google or Facebook.
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Complete KYC and agree to the terms & conditions.
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Select your preferred program and trading platform.
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Finalize the one-time payment using any available payment method.
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Trade and successfully complete the evaluation to secure funding.
FunderPro emerges as a reliable prop firm with diverse funding opportunities and unlimited trading days. The company distinguishes itself with a broad selection of assets and adaptable account types. It also holds a 4.1/5 Trustpilot rating, indicating positive experiences among current users.
That said, several competing platforms provide higher profit splits exceeding 80%, superior leverage, a wider array of trading platforms, and more relaxed rules compared to FunderPro.
