Limitless Funding scam review – A good opportunity for traders?

Limitless Funding is a prop trading firm that offers funded accounts up to $200,000, with an opportunity to scale up the accounts up to $2,250,000 in gross funding.

Is the firm legitimate and can you trust it? Based on the lack of relevant reviews and security features, traders may be reluctant to give the firm a try.

After thoroughly examining the fees, features and various trading terms offered by Limitless Funding, we can determine if the prop firm is worth partnering with for long-term trading goals.

Pros and cons of Funds for Traders prop firm

Quick rating of Funds for Traders and its features

FPA Score	Not yet rated
Year founded	2023
Headquarters	Zagreb, Croatia
Minimum audition fee	$42
Fees on withdrawals	None
Minimum funded amount	$5,000
Maximum funded amount	$200,000 (scaling to $2,250,000)
Allowed daily loss	4-5%
Profit target	10% (5% for each step of the 3-step evaluation)
Maximum trailing drawdown	5-8%
Profit sharing (Payouts)	Up to 90%
Trading Platforms	ThinkMarkets
Available trading markets	Forex, commodities, metals, stocks, crypto

Safety of Limitless Funding – 1.5

Prop trading firms are largely unregulated entities and Limitless Funding is no exception. Its partner broker, ThinkMarkets, is a licensed FX broker, which relatively lowers the risk for traders.

However, the official website is vague regarding the headquarters of the firm, which is also not reviewed and rated by the ForexPeaceArmy, which typically aggregates ratings for FX prop firms and brokerages.

The firm holds a Trustpilot score of 4.4 out of 5, based on 24 reviews, which is not a particularly large sample size of reviewers.

This lack of information and relevant reviews is unlikely to inspire confidence with traders that are particularly interested in the security features of the prop firm they sign up with.

Limitless Funding capital allocation and funding

Capital allocation is the most important aspect of proprietary training for most clients and Limitless Funding does not disappoint on that front.

While the maximum funding limit at the firm is only $200,000, it does allow scaling, reaching a cumulative funding ceiling of up to $2,250,000, which is one of the highest on the market.

However, it must be noted that the stringent rules set by LF makes it exceedingly difficult for traders to actually reach such a milestone.

As for the lower end of the funding spectrum, the smallest account starts at $5,000, which is a reasonable entry point for new traders.

Limitless Funding assets

The asset classes and instruments offered by Limitless Funding are entirely dependent on its partner broker – ThinkMarkets.

ThinkMarkets offers plenty of instruments when it comes to prop trading and includes: forex pairs, equities, major indices, metals, commodities CFDs and cryptocurrencies.

This gives traders the necessary variety to be flexible and try out different strategies when one approach is not working.

This selection of instruments is also quite standard among many prop firms, so the firm does little to stand out in terms of the sheer variety of its asset classes.

Limitless Funding trading rules and limits

The rules and limitations enforced by prop trading firms can be the difference between big profits and blowing up an account, as traders need to trade within the bounds of these rules in order to be able to keep their accounts.

The rules and limits of Limitless Funding differ between the three evaluation types offered by the firm – with varying drawdowns and loss limits to boot.

1-Step Evaluation

Here are the general rules that apply to traders who choose the 1-step evaluation challenge, which is the fastest possible route to funding at Limitless Funding:

• 10% profit target
• No time limits
• No minimum trading days
• 5% daily loss limit
• 6% maximum overall loss limit
• Profit split up to 90%
• 20% retry discount

2-Step Evaluation

The terms applicable to the 2-step evaluation program are the following:

• 10% profit target (step 1), 5% target (step 2)
• No time limits
• No minimum trading days
• 4% daily loss limit
• 8% maximum overall loss limit
• Payouts up to 90%
• 20% retry discount

3-Step Evaluation

The following terms and limits apply to the 3-step evaluation program:

• 5% profit target for each of the three steps
• No time limits
• No minimum trading days
• No daily loss limit
• 5% maximum overall loss limit
• Payouts up to 90%
• 20% retry bonus

The general terms for the three types of evaluations are somewhat strict in terms of allowable drawdowns. Other than this, most of the limitations are standard when compared to other prop firms on the market.

Limitless Funding fees

The fees charged for funded accounts are an important revenue source for prop firms. However, the prices charged for these accounts are largely in line with the competition.

Limitless Funding offers different prices for its three evaluation programs, with the 3-step program being the most affordable due to a longer evaluation process.

Below we can see the fees applicable to each funded account offered by LF.

1-Step Evaluation fees

The fees applicable to the 1-step evaluation program are the following:

• $53 for the $5,000 account
• $65 for the $10,000 account
• $158 for the $25,000 account
• $298 for the $50,000 account
• $598 for the $100,000 account
• $1,198 for the $200,000 account

2-Step Evaluation fees

The 2-step evaluation program charges the following fees:

• $58 for the $5,000 account
• $98 for the $10,000 account
• $209 for the $25,00 account
• $289 for the $50,000 account
• $439 for the $100,000 account
• $829 for the $200,000 account

3-Step Evaluation fees

The 3-step evaluation challenge is subject to the following charges:

• $42 for the $5,000 account
• $67 for the $10,000 account
• $154 for the $25,000 account
• $212 for the $50,000 account
• $332 for the $100,000 account
• $652 for the $200,000 account

The fees charged by Limitless Funding are largely competitive and acceptable for most prop traders. The $5,000 account is a decent entry level account for beginner traders as well.

The $3/lot cashback program also gives some of the money back to the most active traders, which is a plus.

Limitless Funding trading platforms

The main trading platform offered by Limitless Funding is the MetaTrader 4, via the ThinkMarkets brokerage.

MT4 is the most popular platform among forex and CFDs traders and the ability to use it is a major advantage for traders who sign up at Limitless Funding.

However, LF itself adds little value to the offerings of ThinkMarkets, which can be a bit of a disappointment for clients that are looking for additional perks and features.

It must be noted that each funded account allows for cost-effective retries and monthly bonuses, which are features that are not offered by many competing platforms on the market.

Limitless Funding profit sharing – 5

The profit sharing agreement manages the percentage of profits that the trader is eligible to keep, as well as the cut taken by the prop firm.

The profit-sharing agreement at Limitless funding gives traders the opportunity to keep up to 90% of the profits they generate, which is in line with successful prop trading firms on the market.

This means that for every $100 generated by the prop trader, they get to keep $90, while the prop firm retains the remaining $10.

Education and trading tools at Limitless Funding – 3.3

Relatively inexperienced traders are likely to require some assistance when it comes to the instruments offered by a prop firm, as well as the strategies and indicators they can use while trading.

While Limitless Funding does not offer any educational materials of its own, ThinkMarkets does come with a fairly comprehensive suite of content, including articles, blogs, and webinars about various asset classes and trading-related topics.

While the absence of content on the official LF website may be an inconvenience, the trading platform makes up for the prop firm’ shortcomings in this area.

Limitless Funding customer support – 1.4

The official limitless funding is a bit vague when it comes to the contact details of the firm.

First and foremost, the website does not state where the firm is headquartered, which is in Zagreb, Croatia.

Furthermore, the website lacks a live chat function, which is a major disadvantage. The email support is available 24/7. However, an official support hotline is also missing from the website.

Overall, the customer support suite offered by Limitless Funding is unlikely to inspire much confidence in clients who want to reach out to the support team as soon as possible.

FAQ on Limitless Funding prop firm