FundYourFX Forex prop firm review

FundYourFX prop trading firm is a company based in Indonesia offering funded accounting services to traders who want to trade with large capital but lack budget for doing so. The firm does not disclose their address on the website, which is suspicious and has a track record of submitting multiple fake reviews on the FPA platform. The firm from first glance seems legit, but we have conducted research and found out exactly what FundYourFX prop firm has to offer.

Our FundYourFX review, below, will reveal all the necessary information our readers will need to decide if the firm is reliable and offers attractive conditions for funded trading.

Pros & cons of FundYourFX prop firm

Pros

• Ability to withdraw with $0 fees
• Offers access to MetaTrader 4, MetaTrader 5
• Fast and digital account opening/verification
• Offers access to diverse markets of Forex, digital currencies, indices, commodities
• Up to 2m USD funding is accessible

Cons

• Submitted fake positive reviews in the FPA from the firm’s offices
• The firm does not disclose the location of its headquarters, which raises suspicion
• Offers only live chat support
• Low starting profit split of 50%
• Expensive minimum audition fee of 229 USD for 6,000 USD funded account

FundYourFX Quick Overview

Safety of FundYourFX – 1.5

FundYourFX reviews were removed from the FPA as a result of fake reviews and spam. The same person reviewed the firm positively, which was quickly canceled due to the IP address being the same as the Indonesian IP address of the FundYourFX representative. This is more than a minor red flag, and we advise our readers to be extremely cautious when dealing with FundYourFX. As for the many prop firms, the main partner broker for FundYourFX is regulated broker EightCap giving it a small score in safety.

The firm gets a 1.5 score in this section, but we advise exercising extreme caution when dealing with this firm.

FundYourFX Funding and maximum capital allocation – 4

There are several FundYourFX funded programs which target different budgets and goals.

There is no FundYourFX challenge, allowing traders to start without investing money. This is not an issue as the majority of prop firms offer similar conditions. As for the funded accounts themselves, we have three trading plans such as Starter Plan, Standard Plan, and Professional Plan. Each plan consists of numerous levels by the amount of funding.

The Starter Plan has the following funding limits and levels:

• Level 1 – 6,000 USD
• Level 2 – 9,000 USD
• Level 3 – 13,000 USD
• Level 4 – 50,000 USD
• Level 5 – 250,000 USD
• Level 6 – 500,000 USD

Standard Plan consists also of 6 levels with different funding amounts:

• Level 1 – 15,000 USD
• Level 2 – 22,000 USD
• Level 3 – 35,000 USD
• Level 4 – 100,000 USD
• Level 5 – 500,000 USD
• Level 6 – 1,000,000 USD

The professional plan has even higher funding amounts:

• Level 1 – 30,000 USD
• Level 2 – 45,000 USD
• Level 3 – 67,000 USD
• Level 4 – 200,000 USD
• Level 5 – 1,000,000 USD
• Level 6 – 2,000,000 USD

FundYourFX scaling plan is activated after hitting the 10% profit target and account balance increases. The maximum account balance achievable through the scaling plan is 2 million USD.

FundYourFX free trial is not active as of now, which is unfortunate.

Since the firm lacks only 1,000 USD funded accounts, we evaluate this section with a 4 score.

FundYourFX Assets – 4

What can you trade at FundYourFX? Tradable asset classes include Forex pairs, cryptos, commodities, and indices.

From Forex pairs, traders can trade around 40 major and minor currencies. More than 300 different cryptos are available, which is a staggering amount for digital currencies. From commodities gold, silver, and oil are available, and from indices, traders can speculate on popular instruments including US30, FRA40, GER30, UK100, AUS200, EUSTX50, JPN225, SPX500, NDX100, and HK50.

For having diverse trading assets excluding the stocks, we give the firm a 4 score in this section.

FundYourFX Trading rules and limitations – 2.5

FundYourFX rules are within the industry average and offer easier rules as the level increases. Let’s discuss each of the funded account plans and their rules in more detail to define if the firm offers value.

The starter plan rules:

• Maximum drawdown – Level 1, 2: 5%, level 3, 4: 7%, level 5, 6: 10%
• Profit share – Level 1-3: 50%, level 4: 70%, level 5: 80%, level 6: 90%
• Profit target – 10%
• Maximum duration – Level 1-3: 90 days, level 4: 120 days, level 5: 180 days, level 6: unlimited
• Stop loss required – Level 1-3: yes, level 4-6: No

The rules are exactly the same for the other two remaining funded accounts. The only difference is in funded amounts.

It is allowed to trade during the news, hold trading positions over the weekends, and use automated trading robots. Because of all these reasons, we evaluate the firm with a 2.5 score in this section.

FundYourFX Fees – 2.5

FundYourFX free repeat is not available and traders will have to pay if they want to reset their funded account. This usually happens when traders breach the rules given by the firm.

The fees are slightly higher than the industry standard of 150 USD.

FundYourFX requires a minimum of 197 USD for the small funded account of 6,000 USD, which is very expensive. The industry standard is 150 USD for 10,000 USD accounts.

While the pricing is expensive for funded accounts, the firm is a partner of EightCap regulated broker, which offers spreads from 0 pips on major pairs.

The fees paid for funded accounts are refundable after the trader hits the 10% profit target three times.

All in all, for having good spreads but expensive funding fees, we give the firm a 2.5 score in this section.

FundYourFX Platforms – 5

The firm has partnered with EightCap FX broker and offers MT4 and MT5 platforms through its partner. Both MT4 and MT5 are offered through a regulated broker and allow traders to trade in a safe environment, meaning there are no security risks involved. MT4 and MT5 offer full automatic capabilities together with a multitude of inbuilt indicators and tools.

We give the firm a 5 score in this section for excellent platforms.

FundYourFX Profit-Sharing – 1

FundYourFX profit split is capped at 90% which is more than enough. Payouts are settled once per week, which is not bad. However, to get the profits withdrawn, a minimum of 10% profit target must be reached, which is not a low number.

Also, there is a leveling system before traders can get up to 90%. Level 1 to level 3: 50% profit split, level 4: 70%, level 5: 80%, and level 6: 90% profit split.

Payouts are only paid every Friday and if the trader requests after Friday they will have to wait for the next Friday.

As we can see, there are several tricky rules allowing FundYourFX to pay as little as possible, which is why we evaluate this section with just 1 score.

Education and trading tools at FundYourFX – 1

Educational materials are lacking on the FundYourFX website. There is only a blog, which the firm advertises as a trading guide. While blog is good for education, it is nowhere near enough for actually getting an education for beginner traders. There are no tools such as an economic calendar or trading tools to be used on trading platforms. As a result, the firm only gets a 1 score in this section.

Customer Support at FundYourFX – 1

The support consists of only a live chat and all other methods are lacking. While the live chat is the most convenient form of support, It’s still disadvantageous that the firm does not offer other options such as email and phone support. Both the website and support are only offered in English language.

As a result, we can only give the firm a 1 score in the support section.

Frequently Asked Questions