Fundedx prop is a proprietary trading firm offering funded accounts and promises up to 10 million dollars through the scaling plan. The firm provides two funded account types, 1-step, and 2-step. Funding options range from 5k to 200k USD, which is decent. The firm promises up to 100% profit sharing using paid add-ons, which is a big red flag. Prop firms should be making money by splitting trader-generated profits between the trader and the firm, and offering a 100% payout seems like a serious red flag.
In this Fundedx review, we will assess the firm’s most important features, including safety, rules, funding options, assets, fees, support, and more.
Pros & cons of Fundedx prop firm
Pros
- Allows access to FX pairs, indices, commodities, and cryptos
- Does not offer access to MetaTrader 4, MetaTrader 5 advanced platforms
- Lacks multilingual support and phone support
- Promises up to 100% profit sharing, which is a red flag!
Cons
- Lacks safety, is young, and only provides simulated funded accounts
Safety of Fundedx – 0
There are no Fundedx reviews on the FPA, which is another red flag. On the Trustpilot, the firm has few reviews, under 50, and around 17% of these reviews are 1-star evaluations. These many negative reviews indicate serious issues with the firm’s safety and reliability. Another important thing with prop firms is their experience in the sector. Fundedx was launched in 2023, which makes it a relatively young prop firm. Additionally, all funded accounts are simulated accounts, which means traders can only access demo trading even after they pass challenges and become funded traders.
The firm gets a 0 score in this section, and we advise our readers to stay away from this firm.
Fundedx Funding and maximum capital allocation – 3
Fundedx funded programs are two, 1-step, and 2-step challenges. The 1-step Fundedx challenge requires traders to hit the profit target once to become funded, while the 2-step account requires traders to hit the target twice. Both Fundedx challenges offer the same range of funding options, including 5k, 10k, 25k, 50k, 100k, and 200k USD. There are no smaller Fundedx funding options available, such as 1k and 2.5k for beginners, which is also a downside of this firm.
Fundedx scaling plan allows traders to increase their maximum virtual funding account to up to 10 million dollars, which seems like a marketing gimmick and not real. This amount is too much for any retail trader, and it seems the firm has extremely difficult rules to ensure no one ever achieves this amount of funding, hence so many negative reviews from traders.
In the end, the firm gets a 3 score in this section.
Fundedx Assets – 2.5
Fundedx prop trading assets include several popular asset types, including Forex pairs (majors and minors), commodities (metals & energies), popular indexes, and digital currencies. The leverage is up to 1:50 for all assets excluding cryptos, which have up to 1:10 leverage. The firm does not offer 0 pips spreads, which makes it almost impossible to use scalping strategies, which is a big downside.
Overall, the firm gets a 2.5 score in this section for offering popular assets but lacking stocks, futures, and other asset classes.
Fundedx Trading rules and limitations – 1
Fundedx rules are average and are not very strict nor forgiving. The 1-step challenge requires traders to hit the 10% profit target, the daily risk limit is 4%, and the maximum drawdown is 7%. The 2-step challenge sets less stringent requirements, including a 5% daily loss limit, a 10% maximum drawdown, and an 8% (5% for phase 2) profit target. Minimum trading days are 3. Traders can use paid add-ons to trade on weekends and the news.
Overall, the firm gets a 1 score in this section for harsh rules.
Fundedx Fees – 2.5
The pricing is not very cheap for Fundedx challenge accounts, despite being below 100 USD. This is because many reliable props offer cheaper fees for their funded options. The pricing starts from 69 USD for 5k challenges for both 1-step and 2-step accounts. 200k USD accounts will cost 989 USD, which is competitive but not cheap. The pricing is exactly the same for both challenge types, and there is little reason why someone would select a 2-step over a 1-step challenge, which should allow faster funded times.
Fundedx free trial is not available, and the Fundedx free repeat is not offered at the moment either, which is a huge downside for traders who want to test trading conditions before purchasing challenges.
Overall, the firm gets a 2.5 score in this section as it offers competitive pricing but lacks 0 pips spreads and other important features.
Fundedx Platforms – 2.1
Fundedx provides access to Tradelocker, which is a popular trading platform that was mainly designed for prop trading, incorporating the dashboard and many useful features. However, the platform lacks support for custom indicators and automated trading robots.
In the end, the firm gets a 2.1 score in this section as it lacks access to advanced trading platforms like MT4 and MT5.
Fundedx Profit-Sharing – 3
Fundedx profit split is 80% by default, and traders can increase it to 100% using paid add-ons, which will increase the pricing of challenges by 20%. Withdrawals are possible every 14 days, and processing is slow when compared to reliable firms.
The firm gets a 3 score in this section.
Education and trading tools at Fundedx – 0
Fundedx lacks educational resources such as webinars, trading courses, and video guides. There is no trading blog either. There are no useful tools offered either, such as custom indicators. Overall, the firm gets a 0 score in this section.
Customer Support at Fundedx – 2.4
Customer support of Fundedx is provided via email and live chat. There is no phone support available, which is a downside. Both the website and available support options are only provided in the English language, which is also a downside.
Overall, the firm gets a 2.4 score in this section as it offers email and live chat but lacks other important channels.
Frequently Asked Questions on Fundedx
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