Is RebelsFunding a legit prop trading firm?

RebelsFunding is a prop trading firm based in Slovakia that offers simulated funding to prop traders all over the world, with a maximum funding amount of $640,000 available.

However, when researching the firm, traders are unlikely to find many reputable reviews and ratings on the internet, which makes it difficult to make a decision or to assess the features of the firm before signing up.

In our review of RebelsFunding, we will look at the various features, account fees, trading rules and platforms offered by the firm to help you decide whether it is the right choice for you.

Pros and cons of Funds for Traders prop firm

Safety of RebelsFunding – 0

One of the first issues traders are interested in when choosing a prop trading firm is security. Due to the unregulated nature of the prop trading industry, accurately assessing the legitimacy and security of a prop firm can be a bit difficult.

Unfortunately, RebelsFunding lacks many meaningful reviews and ratings, such as from the ForexPeaceArmy, which is considered to be a reputable review aggregator for forex prop firms and brokers.

The Trustpilot page for the firm shows an average rating of 4.4 out of 5 based on 1,052 ratings, which is relatively high.

The firm partners with FDCTech to provide traders with the RF Trading platform. However, it does not partner with a licensed forex broker, which is another factor to take into account for prospective clients.

RebelsFunding capital allocation and maximum funding – 2

RebelsFunding provides five different evaluation programs, with the minimum amount of funding being $1,000 and maximum being $320,000, with the option to scale up to $640,000.

This diversity of funding levels is welcome for most traders. However, the scaling plan falls short of other competing firms, which may offer as much as $2 million or more via scaling.

The fact that the firm offers accounts as low as $1,000 in total funding is a welcome feature, as it makes RebelsFunding broadly more accessible due to low entry fees.

The absence of a $100,000 account may be odd for some traders, as most prop firms offer a $100,000 funding level.

RebelsFunding assets – 5

When it comes to the instruments RebelsFunding clients can trade, the firm offers a nice mix of asset classes – currency pairs, commodities, crypto, equities and indices are all represented and the overall list goes beyond 100 instruments in total, which is a solid selection for a prop firm.

This gives RF traders plenty of room to test out different strategies and incorporate a variety of instruments to beat the funding challenges.

The leverage provided for each asset class varies considerably between evaluation challenges, which we will discuss in greater detail in the next section.

RebelsFunding trading rules and limitations – 3.2

When it comes to account variety, RebelsFunding has it in spades. The firm offers 5 different account tiers, which come with differing number of challenge steps, limits, fees and even leverage.

Profit targets and drawdown limits are commonplace among prop firms and we can see what rules are enforced on each of the 5 funding challenge tiers provided by RebelsFunding below.

Copper evaluation

The Copper evaluation consists of the most steps and is also the most affordable challenge, which offers the following terms and limitations:

• 5% profit target for Steps 1, 2, 3 and 4
• 10% maximum drawdown limit
• 5% daily drawdown limit
• Up to 1:200 maximum leverage on FX
• 4 minimum trades required
• No maximum trading day limitation
• 80-90% profit split
• 200% fee refund

Bronze evaluation

The Bronze evaluation is a three-step challenge that comes with the following rules:

• 5% profit target for Phases 1, 2 and 3
• 10% maximum drawdown limit
• 5% daily drawdown limit
• Maximum leverage up to 1:200 on FX
• 5 minimum trading days required
• No maximum trading day limit
• 80-90% profit split
• 150% fee refund

Silver evaluation

The Silver evaluation program is a two-step challenge with different profit targets and the following set of rules:

• 8% profit target on Step 1
• 5% profit target on Step 2
• 1:100 maximum leverage on FX
• 10% maximum drawdown limit
• 5% daily drawdown limit
• 6 minimum trading days required
• No maximum trading day limit
• 75-90% profit split
• 100% fee refund

Gold evaluation

The Gold evaluation is the fastest alongside Diamond and offers funding after one step. The following rules and limitations apply to the Gold evaluation program:

• 10% profit target
• 6% maximum drawdown limit
• 4% daily drawdown limit
• Maximum leverage up to 1:50 on FX
• 8 minimum trading days required
• No maximum trading day limit
• 75-90% profit split
• 100% fee refund

Diamond evaluation

The Diamond evaluation is the fastest route to funding at RebelsFunding and requires traders to follow these rules and guidelines:

• 10% profit target
• 5% maximum drawdown limit
• No daily drawdown limit
• Maximum leverage up to 1:50 on FX
• 5 minimum trading days required
• No maximum trading day limit
• 50% profit split
• 100% fee refund

It is worth noting that while the Diamond tier is the fastest evaluation, it only offers a 50% profit split, which is a major caveat of using this program.

However, the absence of a daily drawdown limit reduces the need to micromanage each trade.

Furthermore, the firm has no time limits, which gives traders some room to come up with flexible trading strategies.

RebelsFunding fees – 3

Prop trading firms charge fees for the use of their accounts. In most cases, such fees are charged once and are refundable upon completion of the funding challenge.

As we have already discussed above, the firm has 5 funding challenges and each of them offer different fees depending on the level of funding provided.

Copper evaluation fees

The Copper evaluation challenge charges the following fees for its accounts:

• $25 for the $5,000 account (scales to $10,000)
• $40 for the $10,000 account (scales to $20,000)
• $70 for the $20,000 account (scales to $40,000)
• $120 for the $40,000 account (scales to $80,000)
• $240 for the $80,000 account (scales to $160,000)
• $460 for the $160,000 account (scales to $320,000)
• $890 for the $320,000 account (scales to $640,000)

Bronze evaluation fees

The Bronze evaluation charges higher fees and does not have a $320,000 funding tier, in exchange for one less step in the evaluation process. The program charges the following fees:

• $40 for the $5,000 account (scales up to $10,000)
• $60 for the $10,000 account (scales up to $20,000)
• $100 for the $20,000 account (scales up to $40,000)
• $170 for the $40,000 account (scales up to $80,000)
• $340 for the $80,000 account (scales up to $160,000)
• $660 for the $160,000 account (scales up to $320,000)

Silver evaluation fees

The Silver evaluation program starts with the lowest possible amount of funds available at RebelsFunding at $2,500 and also does not include the $320,000 funding tier. The following fees apply to the Silver evaluation:

• $35 for the $2,500 account (scales up to $5,000)
• $50 for the $5,000 account (scales up to $10,000)
• $80 for the $10,000 account (scales up to $20,000)
• $130 for the $20,000 account (scales up to $40,000)
• $230 for the $40,000 account (scales up to $80,000)
• $420 for the $80,000 account (scales up to $160,000)

Gold evaluation fees

When it comes to the Gold evaluation, $40,000 is the maximum possible capital size traders can reach, which scales up to $80,000. The following fees apply to the Gold evaluation accounts:

• $50 for the $2,500 account (scales up to $5,000)
• $70 for the $5,000 account (scales up to $10,000)
• $100 for the $10,000 account (scales up to $20,000)
• $160 for the $20,000 account (scales up to $40,000)
• $280 for the $40,000 account (scales up to $80,000)

Diamond evaluation fees

The Diamond evaluation program charges the highest fees due to its speed and offers funding up to $20,000, with the lowest funded amount starting at $1,000. The scaling offered by the program is also much higher than other evaluation challenges at RebelsFunding. The Diamond account charges the following fees:

• $50 for the $1,000 account (scales up to $66,500)
• $100 for the $2,000 account (scales up to $136,500)
• $190 for the $5,000 account (scales up to $212,000)
• $350 for the $10,000 account (scales up to $265,000)
• $690 for the $20,000 account (scales up to $530,000)

The fees charged by RebelsFunding are quite diverse and can be attractive to traders of different prop trading goals.

However, it is important to note that these are simulated funded accounts and not real live accounts. Each of the accounts provided by the firm can be funded using four currencies – USD, EUR, CZK and NGN.

Overall, the fees charged for each of the RebelsFunding challenges are competitive and relatively in line with other prop firms.

RebelsFunding platforms – 2

RebelsFunding also has its own in-house trading platform – RF-trader, which offers all the basic functionality required for prop traders to choose the desired asset classes, draw up price charts and use technical indicators and keep track of news using economic calculators.

However, the absence of MetaTrader 4, which is by far the most popular forex trading software on the market, may be a major issue for more experienced traders, as they are more than likely to have used MT4 in the past.

No additional performance evaluation software is available, which can be a minor gripe for some traders.

RebelsFunding profit-sharing – 3

The profit-sharing agreement offered by RebelsFunding is quite diverse and interesting. While the maximum possible profit split at the firm is 90%, not all of its funding challenges offer such a term. As we have already mentioned in the previous sections, the five funding challenges offer the following profit splits:

• Copper – 80 to 90% profit split
• Bronze – 80 to 90% profit split
• Silver – 75 to 90% profit split
• Gold – 75 to 90% profit split
• Diamond – 50% profit split

As we can see, the profit split for the traders decreases as they gain access to faster evaluations and generally more favorable trading terms.

Therefore, this provides RebelsFunding clients with major trade-offs between the amount of profit they can keep and the trading terms they can take advantage of.

Education and trading tools at RebelsFunding – 1.8

Beginner prop traders often require educational materials, such as webinars, trading courses, blogs and educational articles to learn more about the process of prop trading and get ahead on the market.

However, the educational content provided by RebelsFunding and its trading platform – RF-Trader is limited to a blog and a news update feed.

While the platform may have economic calendars and the necessary technical tools for traders to use, the educational content is definitely not its strong suite, which docks several points from the overall education score for the firm.

Customer support at RebelsFunding – 2.4

Customers can find the contact details of RebelsFunding in the ‘About Us’ section of the official website, where the firm lists its official address, a customer inquiry form, and the support email.

The only feature that is missing is the hotline, while the live chat function is accessible from any page of the website.

Overall, due to 24/7 customer support, the firm gets a decent customer support score, with the absence of a hotline being the only noticeable issue.

FAQ on RebelsFunding prop firm