Challenge4trading prop firm provides traders with funded account challenges promising up to 85% payouts, and funding options ranging from 15k to 500k Euros. The firm has a very poor online presence as it was recently launched and severely lacks trader feedback and reviews. This is a very serious red flag as trader feedback is an important component of defining whether a prop firm is legit. The profit target is high, but the firm does not offer access to real markets, meaning there is only a demo trading even on funded accounts.
In this Challenge4trading review, we will assess the firm’s critical features such as safety, funding options, rules, fees, support, platforms, and more.
Pros & cons of Challenge4trading prop firm
Pros
Ability to withdraw with $0 fees
Comprehensive customer support with multiple channels (live chat, email, hotline) and multilingual options
Fast and digital account opening/verification
Most payment options are free and instant
No lower-funded options for beginners
Sirix trading platform lacks advanced features and automated trading capabilities
Withdrawal frequency is limited to once per month
Cons
High minimum audition fee (150 USD)
No trader reviews or feedback on major platforms (FPA, Trustpilot)
Offers only simulated or demo accounts, even after passing the challenge
Limited asset diversity
Safety of Challenge4trading — 0
There are no Challenge4trading reviews on the FPA, which is a big red flag. The firm also lacks any kind of trader feedback on Trustpilot, which is a rare occurrence in the prop trading sector and typically indicates the firm might not be legit at all. Couple this with the fact that Challenge4trading was recently launched, and we get a pretty bleak picture of the firm being unreliable. These red flags are not the only list of inefficiencies we found during our assessment of Challenge4trading prop trading firm. No partner broker is mentioned anywhere indicating the firm offers its own trading platform, meaning it acts as a broker even though it claims otherwise. This is because, as a supposed prop firm, it does not accept client deposits, only fees for challenge accounts. The firm only offers simulated or demo accounts, even after the trader passes the challenge and becomes eligible for a funded account. Offering demo trading on a funded stage directly indicates the firm never allows its traders to access real financial changes, meaning it is very risky to trade with this firm.
The firm gets a 0 score in this section, for falling short in all components of basic safety and reliability.
Challenge4trading Funding and maximum capital allocation — 3
Challenge4trading funded programs offer mediocre funded options including 15k, 25k, 50k, 100k, 250k, and 500k USD. This is because there is no lower-funded option for beginners, while the maximum funding of 500k is a decent offering.
Challenge4trading funding accounts are two, basic, and advanced. The difference between the two accounts is very little, with both of them offering somewhat similar conditions with exactly the same funded options. The difference is only in some rules. Advanced accounts cost slightly more than basic funded options. The main difference between basic and advanced Challenge4trading challenges is their phases. The basic account is a 3-step account, while the advanced one only requires 2 steps. While it is always good to offer diverse account types, Challenge4trading accounts differ in price, making it very expensive to purchase any of the firm’s challenges.
Challenge4trading scaling plan is not available as the firm relies on offering up to 500k accounts which is not enough to give it a high score. In the end, Challenge4trading gets a 3 score in this section for lacking lower and higher funding options.
Challenge4trading Assets — 2.5
Challenge4trading prop trading assets are also not very diverse as the firm only offers Forex, commodities, indices, and a few cryptos. These assets are all available on a Sirix trading platform which was designed for Forex brokers, indicating once more that the firm acts as a broker. However since it does not technically accept deposits and only allows traders to trade on a demo, challenge fees are considered as fees for operational costs. So the firm can claim that it is not acting as a broker, which is a straightforward lie. For offering an arrow asset diversity, the firm gets a 2.5 score in this section.
Challenge4trading Trading rules and limitations — 1.5
Challenge4trading rules are strict in some aspects while being good in others. The daily risk limit is 5% which is fine, but the profit target is very high at 10%. The maximum drawdown is actually competitive at 10%. News trading is allowed. Traders hold open positions overnight, and they can also use EAs or automated trading robots. How traders can use EAs on the Sirix platform which lacks API is a mystery at this point. Even though the firm allows EAs, we can not give it a point in this component. Social trading is allowed. Overall, the firm gets a 1.5 score in this section for offering below-average rules.
Challenge4trading Fees — 1.5
Challenge4trading fees are very expensive, starting from 150 dollars for 15k basic funded accounts. This fee is expensive, even though the firm offers accounts from 15k, many other reliable firms offer much lower fees. Because of this, Challenge4trading is an expensive prop trading firm with a multitude of red flags that can’t be ignored. The firm does not disclose the exact amount of leverage nor spreads and commissions, making it very difficult to define its trading costs. This makes us think, the firm is expensive to trade and has higher spreads.
Challenge4trading free trial is not offered at the moment and traders have to buy a challenge to see real market conditions at Challenge4trading which is not good, to say the least.
Challenge4trading free repeat is not available either, and trailers have to purchase the challenge to start over when they fail to pass the challenge. Withdrawals are free, but we can not confirm the firm actually allows payouts because of a lack of evidence from traders. For offering poor experience in fees, the firm gets a 1.5 score in this section.
Challenge4trading Platforms — 0.9
Challenge4trading offers a Sirix trading platform, which is a provider of the platform for Forex brokers. This platform is decent, supporting one-click trading and offering numerous built-in technical indicators. However, it lacks automated trading and experience unlike MT4 or other popular advanced trading platforms. It also has a very small community and the resources are limited, making it a challenge to master this platform quickly. Surely, it could become a popular platform in the future, but for now, it is not on par with popular advanced platforms. It is also a web-based platform and does not require installation, which is both an advantage and disadvantage of this platform. While web platforms are easy to access they are usually laggy and dependent on the web browser which is never a good idea in financial trading. While mobile-friendly, the Sirix platform is not available on mobile devices for downloading, making it a very limited platform in its current form. Overall, the firm gets a 0.9 score in this section for not offering advanced platforms and mobile trading apps.
Challenge4trading Profit-Sharing — 1
Challenge4trading profit split is capped at 85% for all accounts at all funded options. There is no option to increase it further to 90%, but it still is a decent percentage. The smallest profit sharing starts from 75% and increases depending on the funded account, which is inconvenient. Withdrawals are typically allowed once per month, which is worse than many reliable prop trading firms. For offering an unsatisfactory payout experience, the firm gets a 1 score in this section.
Education and trading tools at Challenge4trading — 4
Challenge4trading offers trading courses and trading signals. There are two trading courses offered currently by the firm that include free video educational content. These courses are designed to help traders understand prop trading concepts and are available for all clients of the firm. There is also a trading blog with various posts about trading. Overall, the firm offers a decent amount and variety of trading educational content receiving a 4 score in this section.
Customer Support at Challenge4trading — 5
As for the customer support services, Challenge4trading offers all popular channels including live chat, email, and hotline options. Both the website and support options are available in 5 languages. Overall, education and support are the firm’s advantages while lacking in many other crucial sections. Since the firm meets all the requirements perfectly in this section, it receives a 5 score in the support.
Frequently Asked Questions on Challenge4trading
Is Challenge4trading legit?
Challenge4trading scam is possible as the firm lacks trader reviews and basic safety features. The firm still needs many adjustments.
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Is Challenge4trading a good prop firm?
While it offers educational content, the funded options start from 15k and cost at least 150 dollars which is expensive.
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