Is FundedLions a prop trading firm worth checking out?

FundedLions is a relatively vague new prop firm based in the United Kingdom, which does not offer much information regarding the founders and the story behind it.

While the firm only offers simulated funded accounts with a buying power of up to $200,000, it can be scaled up to as much as $2 million in total funding.

When searching for reputable reviews and ratings of the firm, prospective clients are unlikely to find many, which is another major red flag to consider before signing up at the firm.

In this detailed review of FundedLions, we will look at the funding tiers, trading rules and features, as well as account fees and trading platforms offered by the firm to decide whether it is legit and a good choice for your financial goals.

Pros and cons of Funds for Traders prop firm

Safety of FundedLions – 0

Safety is one of the most important concerns for traders when it comes to dealing with prop firms. Due to the unregulated nature of the industry, many fraudulent prop firms are allowed to operate.

When viewing the FundedLions official website, users may take note of the lack of relevant information regarding the fees and commissions charged by the firm, which is a major red flag.

Furthermore, there is a distinct lack of reputable reviews on the firm around the internet, with the firm not having an FPA score and only a Trustpilot rating of 4 out of 5, based on 51 ratings.

This raises a lot of questions regarding the legitimacy and security of FundedLions, as information regarding the date of founding of the firm is also unknown.

Overall, the firm scores very low when it comes to security and the confidence of its prospective clients.

FundedLions capital allocation and maximum funding – 4

The amount of funding a prop trading firm allocates to each of its accounts is crucial for traders, as it provides them with the necessary information to choose the appropriate account for their needs.

The minimum funding level provided by FundedLions is $10,000, while the highest is $200,000. The $200,000 account can be scaled up to as much as $2 million, which requires a profit consistency rule, which also affects the profit share allocated to the trader.

While the firm may be missing the $500,000 and $1 million funding tiers that are commonplace among high-profile prop firms, the overall allocation of simulated funds is decent enough.

FundedLions trading rules and limitations – 3.2

Every prop trading challenge comes with a set of rules and limitations traders need to follow in order to pass the evaluation. Luckily, FundedLions also offers instant funding for traders that are more focused on the speed of the funding challenge.

The typical limitations placed on prop traders are the profit targets and drawdown limits. Furthermore, minimum trading day limits may also be enforced over the duration of the funding challenge.

We will discuss the specific rules and limitations upheld by FundedLions in great detail in the sections below.

LEO Challenge

The LEO Challenge is a two-step funding challenge offered by FundedLions and comes with the following rules and requirements:

• 8% profit target on Phase 1
• 5% profit target on Phase 2
• 8% maximum overall loss limit
• 4% daily drawdown limit
• 3 minimum trading days required
• Nes trading and weekend holdings are allowed
• Maximum leverage on forex pairs is 1:50
• First withdrawal available after 10 days

As we can see, the general terms offered by the LEO Challenge are not particularly strict, if we do not count the 4% daily drawdown limit, which is a bit stringent.

Overall, the terms are in line with competing prop firms, which makes for a decent twp-step funding challenge.

1 Percenter Challenge

The 1 Percenter Challenge is one of the two instant funding challenges available at FundedLions and traders are required to follow these rules:

• Minimum gain threshold is 1%
• No consistency rule applies
• 6% maximum overall loss limit
• 4% daily drawdown limit
• 25% profit split
• News trading and weekend holdings are allowed
• Instant withdrawal available
• No profit scaling

The terms for the instant funding challenges are quite different from the LEO Challenge, with a small profit split and a profit target of only 1%. This is the most popular option at FundedLions, as it gives traders the opportunity to get funded incredibly quickly and only requires a 1% gain to qualify for a withdrawal.

2 Percenter Challenge

The 2 Percenter Challenge is quite similar to the previous one, as it is also an instant funding challenge that offers funding and profit withdrawal super quickly. The following terms apply to the 2 Percenter Challenge:

• Minimum gain threshold is 2%
• No consistency rule applies
• 10% maximum overall loss limit
• 3% daily drawdown limit
• 15% profit split +2% scale up on each payout
• News trading and weekend holdings are allowed
• Instant withdrawal available
• 2% profit scale-up to 30% maximum profit split

The profit scaling option is the biggest addition to the 2 Percenter Challenge, which allows traders to scale their profit split from 15% to as much as 30% on their ninth successful payout.

FundedLions fees – 3.2

Prop trading firms charge fees from their clients who want to gain access to a funded account. The fees often differ considerably based on the type of evaluation and the amount of funding that comes with it.

Since FundedLions offers three evaluation types, the fees for the same amount of buying power will be different. We can overview the fees charged for each funded account available at FundedLions below.

LEO Challenge fees

The fees charged on the two-step LEO Challenge are the following:

• $100 for the $10,000 account ($50 discounted)
• $185 for the $25,000 account ($130 discounted)
• $310 for the $50,000 account ($210 discounted)
• $495 for the $100,000 account ($347 discounted)
• The $200,000 account is not available for LEO Challenge users

The fees for each account are subject to discounts and are generally quite competitive. It is worth noting that the $200,000 funding level is not available for LEO Challenge users, which may be an issue for some traders.

1 Percenter Challenge fees

The 1 Percenter instant funding challenge charges the following fees for its accounts:

• $110 for the $10,000 account
• $275 for the $25,000 account
• $550 for the $50,000 account
• $1,100 for the $100,000 account
• $2,200 for the $200,000 account

As we can see, the discounted fees do not apply to the instant funding challenges provided by FundedLions, which may be an inconvenience to prospective traders, as the fees are already quite high.

2 Percenter Challenge fees

Similarly to the previous one, the 2 Percenter instant funding challenges are also not subject to any discounts. However, the prices are slightly lower than the 1 Percenter challenges, which are the following:

• $100 for the $10,000 account
• $250 for the $25,000 account
• $500 for the $50,000 account
• $1,000 for the $100,000 account
• $2,000 for the $200,000 account

As already mentioned, the fees for the 2 Percenter challenge accounts are lower than the 1 Percenter instant funding challenge. It is worth noting that the prices are still relatively high when compared to some competing prop firms.

Overall, the fees for the LEO Challenge are reasonable and competitive, while the faster 1 and 2 Percenter instant funding challenges are considerably more pricey.

FundedLions platforms – 2.4

The trading platforms offered by prop firms are incredibly important and one of the first features prospective clients take note of.

For forex traders, the MetaTrader 4 and MetaTrader 5 platforms are the most popular and highly regarded pieces of software on the market.

Luckily, FundedLions has access to both MT4 and MT5, which is an advantage. The firm partners with TradeLocker to incorporate MetaTrader into the offerings of FundedLions.

However, it must be noted that there is no additional software for performance evaluations.

As is widely known, MetaTrader comes equipped with dozens of technical indicators, which helps traders measure volatility, volume and oscillations on a price chart.

Overall, the platforms offered by FundedLions are decent and provide all the basic functionality forex traders may expect, while a mobile trading platform is not available.

FundedLions profit-sharing – 3

Profit-sharing agreements determine the amount of profits traders can keep from their strategies.

FundedLions offers a quite unique approach to profit splits. While most prop firms have a concrete profit split agreement of 80-90%, FundedLions chooses to provide a progressive payout system that allows for a profit split of up to 100% on the LEO Challenge.

However, it must be noted that the official website provides no information regarding the specific profit split for this challenge.

As for the BOSS 1 Percent and 2 Percent challenges, the firm provides profit splits of 25% and 15%, respectively.

The 2 Percenter challenge can be scaled up after each successful payout. For instance, while the profit split for the first payout is 15%, the second payout gives 17%, third – 19% – all the way to 30% on the ninth payout.

Due to such a convoluted profit-sharing structure, FundedLions does not score highly in this category.

Education and trading tools at FundedLions – 0.8

Beginner traders that sign up for a FundedLions account are likely to be disappointed by the lack of educational content at the firm.

Typically, prop firms will offer some sorts of blogs, webinars, articles and video guides to explain how prop trading challenges work. However, FundedLions has no such features.

This is a major issue for the firm and falls behind most competitors in this regard.

Customer support at FundedLions – 2.4

Clients who may have questions about the firm and its challenges can use the live chat function provided on the FundedLions official website.

Alternatively, they can also contact the firm using the support email address. Unfortunately, the hotline is not available, which is a downside.

The firm has social media presence on Facebook, Instagram, X, and Discord as well.

The support and the official website are only available in English, which is inconvenient for international users.

Overall, the customer support suite provided by FundedLions could certainly be more refined and does not score highly based on our criteria.

FAQ on FundedLions prop firm