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Express Funded Forex prop firm review — Scam Alert!

Phase 1 Profit Target

8%

Phase 2 Profit Target

8%

Maximum Daily Loss

3%

Maximum Loss

10%

Min Trading Days

N/A

Profit Split

70%

Express Funded

licences

Licences:

N/A

minimum_deposit

Currencies:

USD

maximum_leverage

Trading Platforms:

DxTrade

spread

Year founded:

2024

bonus

Promo Code:

N/A

clients

Min Account size:

5,000 USD

Express Funded Forex prop firm review — Scam Alert!

Express Funded prop firm offers 1-step and 2-step funded accounts, but funded options are limited with just 5k to 50k USD options. The firm offers a 70% profit split in the beginning, and traders can get up to 90% profit sharing through scaling plans and consistent trading.

In today’s Express Funded review, we are going to assess the firm’s most important features such as safety, rules, funded options, assets, fees, education, customer support, and much more. After reading this review, you will know whether Express Funded can be trusted.

Pros & cons of Express Funded prop firm

Pros

The minimum audition fee starts at $49

Offers a range of funded accounts from $5,000 to $50,000, with a claimed potential scaling plan of up to $1 million

Allows trading in Forex, Commodities, Crypto, and Indices

High-profit targets, strict daily loss limits, and hidden withdrawal rules

DXTrade lacks key features like custom indicators and automated trading

Limited support hours (9 am to 5 pm)

There are no courses, webinars, or trading guides

Cons

Low total loss limit of 4%

44% of Trustpilot reviews are 1-star, and the firm has been flagged for potential safety issues

Maximum funding is capped at $50,000

Safety of Express Funded — 0

Express Funded reviews are not available on the FPA as the firm was launched in 2024 making it a very young prop trading firm. The firm only offers virtual funded accounts even after the trader passes the evaluation. On the Trustpilot, Express Funded has a multitude of negative reviews. In fact, up to 44% of all reviews are 1-star evaluations, which indicates the firm might be a scam. The firm is not partnered with any of the regulated brokers, meaning it most likely acts as a broker and has a conflict of interest and opportunity to manipulate prices. The firm migrated to a new platform and traders had a terrible experience where many of their profits got canceled or their account balances changed.

express funded

The firm gets a 0 score in this section, for plenty of negative reviews and a complete lack of safety features and reliability.

Express Funded Funding and maximum capital allocation — 2

Express Funded funded programs are two, 1-step and 2-step funded account challenges. The funded options are also limited with the maximum funding option being 50k USD which is very low.

Exact Express Funded funding options include 5k, 10k, 25k, and 50k USD in funding which is not diverse at all. The firm has swing accounts where traders trade over the weekends but beware of hidden rules.

Express Funded challenges only differ by step traders need to pass the evaluations. 1-step challenges allow traders to immediately get funded after hitting the profit target, while 2-step accounts require an additional phase.

Express Funded scaling plan is available at Express Funded and allows traders to increase maximum funding up to 1 million dollars, at least, that’s what the firm claims.

Express Funded Assets — 2

Express Funded prop trading assets offered include Forex, Commodities, Crypto, and Indices. The maximum leverage is 1:100 for 2-step accounts and 1:50 for 1-step accounts. Cryptos have lower leverage when compared to Forex pairs and commodities.

Express Funded does not offer stocks or any other asset options and gets a 2 score in this section.

Express Funded Trading rules and limitations — 1.2

Express Funded rules are slightly different depending on the funded account selected. The 1-step account has 8 minimum trading days, which is very high, preventing traders from getting funding sooner. The daily risk limit is 3% on the 1-step account which is super strict and the maximum drawdown is 8% which is average. Traders have to hit a 12% profit target, which is very high and fairly difficult with just a 3% daily risk limit. The 2-step account has a 4% daily drawdown, 1 12% maximum drawdown, and an 8% profit target with minimum trading days being 4 on all phases. The profit target is 5% on the 2nd phase of the 2-step account. If we compare the two accounts by Express Funded, 2-step accounts seem more realistic and less strict, while 1-step accounts are almost mission impossible to get funded. Weekend holdings are allowed, while many trading strategies are prohibited, including hedging and copy trading. Traders can not use EAs or automated trading systems as DXTrade does not support them yet. Overall, the firm gets a 1.2 score in this section for offering below-average experience and difficult rules to follow and get funded.

Express Funded Fees — 2.5

Express Funded fees are low, but we still do not recommend signing up for any of their challenges. The firm has to address all the issues and safety concerns first before these fees become truly attractive.

Here are the one-time fees for the 1-step Express Funded challenge:

  • Funded amount: 5,000 USD — one-time fee: 49 USD
  • 10,000 USD – 99 USD
  • 25,000 USD – 219 USD
  • 50,000 USD – 329 USD

The 2-step Express Funded challenges have the following fees:

  • Funded amount: 5,000 USD — one-time fee: 49 USD
  • 10,000 USD – 99 USD
  • 25,000 USD – 199 USD
  • 50,000 USD – 299 USD

As we can see, For 5k and 10k options both 1-step and 2-step accounts have the same fees, while for other options the fees are slightly different.

Express Funded free trial is not available at the moment and Express Funded free repeat is not offered either. However, the firm claims to be offering refunds after traders pass the evaluation, which is very difficult with this firm as indicated by plenty of 1-star trader reviews.

Overall, Express Funded receives a 2.5 score in this section for offering low fees but zero safety and spreads higher than 0 pips on major pairs.

Express Funded Platforms — 2.4

Express Funded provides traders with DXTrade which is a popular prop trading platform. It was designed for prop trading and has many useful features and tools built-in to support prop traders in their trading career. However, DXTrade is still inferior to advanced trading platforms such as MT4 or MT5 and lacks many important features.

There are no custom indicators available and automated trading is not possible with DXTrade as the platform is still young. The firm offers DXTrade and price data through a liquidity provider which is not a broker, and it is possible to get much worse quality data than regulated brokers. The platform is available for mobile devices but is limited in features. Overall, DXTrade is not on par with other advanced platforms, and Express Funded receives a 2.4 score in this section.

Express Funded Profit-Sharing — 1

Express Funded profit split is up to 90% but starts from 70% and many traders will have this percentage. There are withdrawal eligibility rules to withdraw profits. A trader needs to use consistent lot sizes and have an open position for at least 5 minutes. With these additional rules, traders must be extremely careful and lose the flexibility to close positions at any moment. These rules are explained in the Express Funding FAQ sections about withdrawal eligibility. These rules are surely hidden rules as traders need to dig deeper to find them to be able to withdraw their profits, which is a huge red flag.

Overall, Express Funded gets a 1 score in this section for offering a 70% profit split and difficult-to-follow withdrawal policies.

Education and trading tools at Express Funded — 0

Express Funded prop trading firm lacks all kinds of educational resources. There are no trading courses, webinars, video guides, or trading blogs offered, meaning traders have to get market insights and other important resources elsewhere. The firm has a trader dashboard, which also lacks many important features related to education. Because of this lack of educational resources and trading tools, the firm receives a 0 score in this section.

Customer Support at Express Funded — 2.4

The support is available at Express Funded between 9 am and 5 pm timeframe, which is a drawback. Traders need to contact the firm during these hours, or they will have to wait for support. Offering channels include live chat and email options, and the firm is also available on several social media networks. There is no hotline support which is a drawback for the firm as well, as traders will have to use live chat to quickly resolve any issues and there are many trader comments about bad support experiences from the firm. Both the website and support are only provided in the English language, which is also a minor drawback.

Overall, Express Funded gets a 2.4 score in the support section for lacking multilingual options and hotline support.

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