ETX Funding prop firm offers funded accounts to traders ranging from 5k to 300k USD. The lower and upper funding limits are different for each of the firm’s account types. With the 90% profit-sharing potential, ETX Funding seems an intriguing firm to review. The firm allows traders to access various markets for trading. The funding options on three funded accounts are diverse ranging from 5k to 300k USD.
In this ETX Funding review, we are going to dissect the firm’s important features such as safety, rules, funding options, fees, platforms, education, support, and more.
Pros & cons of ETX Funding prop firm
Pros
Ability to withdraw with $0 fees
Offers up to 90% profit sharing, with 75% for instant funding accounts
Fast and digital account opening/verification
Provides a range of account types, including instant, 1-step, and 2-step funded options
Access to cTrader and DXTrade
Allows traders to increase their funding by 30% every 4 months
Cons
No partner brokers and potential for price manipulation
Only offers Forex pairs, indices, and commodities
Harsh daily risk limit (5%) and maximum drawdown (6%), which could disqualify traders easily
No Educational Resources
Inexperienced and Unproven
Safety of ETX Funding – 0
There are no ETX Funding reviews on the FPA platform (Forex Peace Army), as the firm was launched recently and has no sufficient experience and brand recognition online. There are also no partner brokers to back the firm’s trading services, meaning most likely the firm acts as a broker which is never a good thing. This is because there is always a chance for the prop firm to manipulate prices if trading is not done through regulated brokers. As for the experience, the firm is inexperienced and the reviews on the Trustpilot are just 10.
The firm gets a 0 score in this section for lacking all the important safety features.
ETX Funding Funding and maximum capital allocation – 3
ETX Funding funded programs are diverse and include account types, Solo Campaign (2-phases), Live Action Mode (Instant), and Multi Campaign (Two Phases). The funding options are diverse as well and each of the account types has a different range of funded options. The
Solo Campaign which is a 1-step account has 5k, 10k, 25k, 50k, and 100k USD options. The Multi Campaign 2-step accounts offer 5k, 10k, 25k, 50k, 100k, 200k, and 300k USD funding options. The LAM (Live Action Mode) instant funding account offers 10k, 25k, 50k, and 100k USD funding options. The pricing and specs are slightly different for each account type and the naming is similar to that of video game modes.
ETX Funding funding options are really diverse and account types are also myriad offering instant, 1-step, and 2-step funded options.
ETX Funding challenges require traders to hit a 10% profit target to get funded on a virtual funded account and trade for profits.
ETX Funding scaling plan is available at the moment, which allows traders to increase their funding by 30% every 4 months. Overall, ETX Funding receives a 3 score in this section for offering slightly above-average conditions.
ETX Funding Assets – 2
ETX Funding prop trading instruments are limited in number and diversity. The firm only offers access to Forex pairs, indices, and commodities for trading. There are no stocks or any other instruments offered. All accounts have 1:50 leverage except for LAM or Live Action Mode accounts which are capped at 1:30. For this lack of diversity, the firm receives only a 2 score in this section.
ETX Funding Trading rules and limitations – 1.2
ETX Funding rules are straightforward, traders need to hit a 10% profit target on non-instant accounts and have to follow a strict daily risk limit of 5% and a maximum drawdown limit of just 6%. These rules are strict and traders have to be extremely careful not to breach risk limits or they will lose their funded account and get disqualified. The firm offers strict rules overall and receives only a 1.2 score in this section.
ETX Funding Fees – 3.5
The fees are different for each funded account challenge type. The Solo campaign (1-step) funded account requires the following one-time fees:
- Funded amount: 5,000 USD – one-time fee: 55 USD
- 10,000 USD – 115 USD
- 25,000 USD – 225 USD
- 50,000 USD – 335 USD
- 100,000 USD – 555 USD
The Multi Campaign two-phase account has the following one-time fee structure:
- Funded amount: 5,000 USD – one-time fee: 45 USD
- 10,000 USD – 95 USD
- 25,000 USD – 195 USD
- 50,000 USD – 295 USD
- 100,000 USD – 495 USD
- 200,000 USD – 955 USD
- 300,000 USD – 1,395 USD
The LAM or Live Action Mode (instant) funding account requires the following one-time fees:
- Funded amount:10,000 USD – one-time fee: 497 USD
- 25,000 USD – 1,227 USD
- 50,000 USD – 2,250 USD
- 100,000 USD – 4,500 USD
ETX Funding free trial is not offered at the moment and ETX Funding free repeat is also not available which are minor drawbacks.
The firm receives a 3.5 score in this section for offering above the average fee structure.
ETX Funding Platforms – 5
The firm allows traders access to advanced and popular platforms including DXTrade and cTrader. The latter is a more advanced trading software that allows automated trading, custom indicators, and plenty of price technical analysis tools. DXTrade is a young prop trading platform and while more suited for prop trading, it is still inferior when compared to cTrader. Overall, ETX Funding receives a 5 score in this section for offering cTrader with advanced features.
ETX Funding Profit-Sharing – 3
ETX Funding profit split is capped at 90% which is attractive. If the firm was reliable this profit sharing would be impressive but since it lacks reliability, this is a red flag. The LAM account has 75% profit-sharing as it is an instant account which is high for these types of funded account options.
The firm gets a 3 score in this section for offering up to 90% profit sharing.
Education and trading tools at ETX Funding – 1
ETX Funding lacks educational resources as there are no trading courses, webinars, video guides, or even trading blogs available. The firm is not focused on beginners as it seems that traders will have to have a decent trading plan and a deep understanding of financial trading before applying for any of the accounts of ETX Funding. There are tools including trader dashboards to measure trader performance which are useful. These tools are mobile-friendly as well. The firm receives a 1 score in this section for only offering tools and not education.
Customer Support at ETX Funding – 3.6
The support from ETX Funding is available via live chat, email, and phone channels. The firm also has a help center where traders can browse through FAQs and get instant answers. The language supported for both website and support is the English language and there are no other languages offered. This is a downside for the firm and needs to be addressed together with safety. Overall, ETX Funding gets a 3.6 score in the support section for offering diverse options but lacking multilingual support and a website.
Frequently Asked Questions on ETX Funding
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