Funded Pro Trader prop firm offers funded account challenges ranging from 5k to 100k USD amounts on its 1-step and 2-step challenge accounts. The firm promises a high-profit share of 90% and allows access to the advanced trading platform, MetaTrader 5. However, we have found several critical issues which make this firm extremely risky. The pricing seems competitive for lower-end challenge accounts.
In this Funded Pro Trader review, we will find out whether the firm is reliable or if you should stay away from it right away.
Pros & cons of Funded Pro Trader prop firm
Pros
- Ability to withdraw with $0 fees
- Almost confirmed scam by 22% of reviewers evaluating it with a 1-star on Trustpilot
- Strict rules on 1-step challenges of a 3% daily risk limit and a 10% profit target
- Does not offer educational resources
- No phone support
Cons
- Low total loss limit of 6% on 1-step challenges
- Very low safety as the firm is young and has an overwhelming number of negative reviews
Safety of Funded Pro Trader – 0
There are no Funded Pro Trader reviews on the FPA, which is a bad sign. The lack of trader reviews makes evaluating the firm’s safety extremely difficult. On Trustpilot, the firm has around 300 reviews and 22% of these reviews are 1-star evaluations, which raises red flags about the firm’s reliability. We recommend our readers to stay away from this firm as there are so many negative reviews. Traders complain about the firm being scammed and won’t allow them to start trading profits when they pass challenges, some of them complain about withdrawal declines. The firm also only offers virtual funded accounts, which means traders only access demo accounts and not live accounts.
The firm gets a 0 score in this section as it is almost confirmed to be a scam firm.
Funded Pro Trader Funding and maximum capital allocation – 2
The Pro Trader funded program consists of only two funded account types, which are a 2-step challenge, requiring traders to hit the profit target twice, and a 1-step challenge. There are no other challenge types such as 3-step and instant, which is a serious downside.
The Funded Pro Trader funding options include 5k, 10k, 25k, 50k, and 100k USD amounts. However, the funding options for the 1-step challenge have a limited range of 5k and 50k USD, while the 2-step challenge offers from 10k to 100k USD.
Funded Pro Trader challenges lack smaller funded options such as 1k USD, and there are no higher amounts beyond 100k available either. This makes the firm not very attractive to beginners or experienced traders.
The Funded Pro Trader scaling plan is not offered either, which is another big downside of the firm apart from being an almost confirmed scam. Overall, the firm gets a 2 score in this section.
Funded Pro Trader Assets – 2
Funded Pro Trader prop trading is possible by speculating on the following markets of FX pairs, Indices, Commodities. There are no cryptos or stocks available, which is a serious downside. Many prop firms typically offer cryptos together with popular Forex assets. The 1-step challenge has a 1:20 leverage, while the 2-step challenges offer up to a 1:100 leverage ratio.
The firm gets a 2 score in this section as a result.
Funded Pro Trader Trading rules and limitations – 1
Funded Pro Trader rules are forgiving in some aspects for the 2-step challenges. However, the 1-step challenge requires compliance with strict rules and risk limits. The daily risk limit for the 2-step challenge is 5%, the maximum drawdown is 10%, and traders have to hit profit targets 8% and 5% for phases 1 and 2. The 1-step challenge requires a 3% daily risk limit, a 6% maximum drawdown, and a profit target is 10% which is very high.
The firm gets a 1 score in this section.
Funded Pro Trader Fees – 2.5
The fees are competitive, but we know reliable firms that offer even lower pricing. The 1-step 5k challenge account starts at 69 USD, 10k at 119 USD, 25k at 219 USD, and 50k at 329 USD. The pricing is different for a 2-step challenge where the 10k USD challenge starts at 79 USD, the 25k at 189 USD, 50k at 299 USD, and 100k at 499 USD. As we can see, the pricing is competitive but since the firm is most likely a fraud, we can not recommend it to our readers.
Funded Pro Trader free trial is not available and the Funded Pro Trader free repeat is not offered at the moment either, which is a downside. Without a free trial, it is not possible to check trading conditions such as spreads and price data quality, which makes it difficult to plan or develop a strategy.
Overall, the firm gets a 2.5 score in this section.
Funded Pro Trader Platforms – 4
The firm allows access to one of the most advanced trading platforms out there, MetaTrader 5 (MT5). MT5 is very suitable for Forex prop trading and allows traders to use custom indicators and EAs, making it perfect for funded trading. Mobile trading is available via the MT5 mobile app.
Overall, the firm gets a 4 score in this section for offering a popular advanced platform.
Funded Pro Trader Profit-Sharing – 3
The Funded Pro Trader profit split is 90% for all account challenges, which is a pretty attractive number. Withdrawals are possible twice per month, and the minimum withdrawal amount is 100 USD.
Overall, the firm gets a 3 score in this section for offering 90% payouts and a relatively low minimum withdrawing profit target.
Education and trading tools at Funded Pro Trader – 0
The firm does not offer any educational resources as there are no webinars, trading courses, or video guides. There are also no tools available, such as custom indicators. Therefore, the firm is not suitable for beginner traders.
In the end, the firm gets a 0 score in this section for offering absolutely zero educational resources.
Customer Support at Funded Pro Trader – 2.4
The support is provided via live chat and email channels, but there is no phone support offered, which is a red flag. There is no multilingual support and traders can only use the English language.
The firm gets a 2.4 score in this section.
Frequently Asked Questions on Funded Pro Trader
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