Funder Pro prop firm is a proprietary trading company that was launched in 2023 and offers funded accounts of 1-step, 2-step, and funded options ranging from 5k to 200k USD. The firm claims to be transparent and reliable which we are going to test today.
In This Funder Pro review, we will be analyzing the firm’s critical features such as safety, assets, fees, platforms, rules, support, education, and more. After reading this review, you will know whether Funder Pro can be trusted or is just another scam company trying to steal trader’s money.
Pros & cons of Funder Pro prop firm
Pros
Ability to withdraw with $0 fees
High Maximum Capital Allocation
Fast and digital account opening/verification
Flexible Trading Rule
Competitive Profit Split
Challenge fees are refundable upon successfully getting funded
Offers a range of funded account types, including Fast Track (1-step), Regular (2-step), and Swing (2-step) accounts
Cons
Lack of Educational Resources
While TradeLocker has potential, it is still in early development and lacks some essential features
No Free Trial or Free Repeat
Only provides support via live chat and email
All Funding is Virtual
Only around 65 instruments are available
Launched in 2023 with no reviews on Forex Peace Army (FPA) and mixed reviews on Trustpilot.
Safety of Funder Pro – 0
Funder Pro reviews are non-existent on the FPA as the firm was launched recently, in 2023. The lack of experience is a serious downside for Funder Pro and gives it a lower chance of surviving in this competitive scene. The firm has some reviews on Trustpilot where 15% of traders evaluate its services at 1-star, which is not good, to say the least. The firm is not partnered with any regulated Forex brokers which is another serious red flag. Being backed by regulated brokers is important when trading with a prop firm to eliminate risks of price manipulation and other fraudulent activities. So, the firm falls short in every criterion of safety meaning it is not a wise idea to sign up with them and risk your money for their challenge accounts.
The firm gets a 0 score in this section for offering almost no safety features and being super young.
Funder Pro Funding and Maximum Capital Allocation – 3
Funder Pro funded programs include one-step and 2-step accounts including Fast Track (1-step), Regular (2-step), and Swing funded account types (2-step). The funded options are exactly the same for all three accounts including 5k, 10k, 25k, 50k, 100k, 150k, and 200k USD.
Funder Pro funding options come with different leverage levels for each funded account while the funding options are the same.
Funder Pro challenge fees are refundable once the trader becomes funded but since the firm is lacking greatly in safety we are not confident traders will be easily given funded status.
Funder Pro scaling plan allows traders to increase their maximum virtual funded top up to 5 million dollars which is a good condition. But all funding is virtual, meaning traders can only access demo accounts even when they are funded. Overall, Funder Pro gets a 3 score in this section for offering slightly better than average funding offerings.
Funder Pro Assets – 2.5
Funder Pro prop trading assets mainly include Forex pairs, commodities, indices, and a few cryptos including Bitcoin. There are around 65 instruments in total which is a very low number. Each of the Funder Pro funded account types has different leverage caps. The Fast Track 1-step account has a 1:100 leverage for Forex, commodities and indices have 1:10, and cryptos are capped at 1:2. The Regular (2-step) account has the following leverage restrictions, Forex 1:100; Metals, Oil, Indices 1:50; and Crypto 1:2. The Swing account which is also a 2-step account comes with the following leverage limits, Forex 1:30; Metals, Oil, Indices 1:10; and Crypto 1:1. The firm does not provide access to other assets such as stocks, bonds, futures, etc. In the end, Funder Pro receives a 2.5 score in this section for offering a mediocre experience.
Funder Pro Trading rules and limitations – 2
Funder Pro rules include a 10% profit target, a 5% daily risk limit, and a 10% maximum drawdown. These rules are competitive and standard in the industry. There are no time limits and traders can hit the profit target at their own pace. The swing account also allows for overnight and over-the-weekend trading.
Overall, Funder Pro receives a 2 score in the rules section for offering average experience.
Funder Pro Fees – 3
Fast Track and Regular funded accounts have the same fees despite Fast Track being a 1-step account and Regular being a 2-step account:
- Funded amount: 5k USD – one-time fee: 79 USD
- 10k USD – 139 USD
- 25k USD – 249 USD
- 50k USD – 349 USD
- 100K USD – 549 USD
- 150k USD – 819 USD
- 200k USD – 1,099 USD
The Funder Pro Swing account has different fees:
- Funded amount: 5k USD – one-time fee: 89 USD
- 10k USD – 149 USD
- 25k USD – 269 USD
- 50k USD – 379 USD
- 100K USD – 599 USD
- 150k USD – 899 USD
- 200k USD – 1,199 USD
As we can see, traders have to pay slightly higher fees to access Swing accounts while Fast Track and Regular funded options are priced at the same prices.
Funder Pro free trial is not offered at this moment and Funder Pro free repeat is not available either which is a drawback. Funder Pro gets a 3 score in this section for offering slightly better-than-average fees.
Funder Pro Platforms – 2.4
Funder Pro offers access to TradeLocker which is a popular prop trading platform. Despite being advanced the platform is still in its early development stage and requires much refining. As newer indicators are added daily, Trade Locker has the potential to become really useful, on par with advanced platforms. As of now, it lacks some crucial features. Mobile trading is also available via the same platform or trader dashboard web trader. The firm lacks advanced platforms such as MT4 and MT5 to provide trader’s ability to use custom indicators and Expert Advisors (EAs). Overall, Funder Pro gets a 2.4 score in this section.
Funder Pro Profit-Sharing – 3
Funder Pro profit split is 80% and daily payouts are possible which is super competitive if the firm is safe. Since it lacks safety, we can not recommend it to our readers despite offering such attractive withdrawal conditions. The firm has the potential to be an attractive prop firm if it can resolve all the safety issues detected during our review process.
The firm receives a 3 score in this section for offering a good payout experience.
Education and trading tools at Funder Pro – 1
The firm lacks educational resources. There are no Funder Pro webinars, trading courses, or video guides available which is a huge downside. There is a trading blog but it mainly offers posts that can not be used for trading education. The trader dashboard has some built-in tools that can be used to measure a trader’s performance. The website and tools are mobile-friendly. The firm gets a 1 score in this section for lacking education but offering tools to measure trader’s progress.
Customer Support at Funder Pro – 2.4
Funder Pro provides customer support services via live chat and email channels. The live chat is built into the website and has advanced features such as a built-in help center. There is no phone support or hotline, which is a serious downside for both support and safety. Both the website and support are only available in 2 languages which is not enough to call Funder Pro a multilingual prop firm.
Overall, Funder Pro gets a 2.4 score in the support section for only offering live chat and email.
Frequently Asked Questions on Funder Pro
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