Ryze Funding prop firm is a Forex proprietary trading company that offers funding options ranging from 500 USD to up to 250k without a scaling plan. The firm allows traders to access FX pairs, Indices, Cryptocurrencies, Metals, and Energies provided by its IB broker BlackBull Markets. However, the firm is not as good as its broker and we have found serious issues and red flags. The firm only offers 2-phase and 3-phase challenges and lacks instant and 1-step accounts.
In our Ryze Funding review, we will dissect the firm’s critical features to provide you with unbiased and objective opinions about Ryze Funding’s safety, fees, rules, funded options, assets, support, and more.
Pros & cons of Ryze Funding prop firm
Pros
Ability to withdraw with $0 fees
Offers access to MetaTrader 4, MetaTrader 5
Fast and digital account opening/verification
Offers a variety of funding options with a high-profit split potential
Cons
Not yet rated on FPA, with a low Trustpilot score, indicating poor reputation
Overwhelming negative reviews suggest potential unreliability and serious service inefficiencies
Lack of industry experience
Safety of Ryze Funding – 0
Ryze Funding reviews are lacking on the FPA as the firm was launched in 2023, making it a relatively young prop firm. However, on Trustpilot, Ryze Funding has 66% 1-star reviews, which means the firm is either a scam or has serious inefficiencies in its services and products. Many traders complain about price manipulation and trades opening on their own, especially if they pass the evaluation. After this, the firm declines to give out withdrawals or allow traders to get funded, indicating serious red flags. Since so many traders assess the firm with 1-star we assume the firm is a fraud and only wants to steal fees from traders. So, the firm also lacks crucial experience in the industry which is also a huge downside.
The firm gets a 0 score in this section, we are nullifying the 1.5 scores given for the regulated partner broker. This is because the firm has overwhelmingly negative reviews from traders which is the number security assessment.
Ryze Funding Funding and maximum capital allocation – 4
Ryze Funding funded programs are two, 2-phase and 3-phase account types. The funded options include 500, 1k, 2.5k, 5k, 10k, 25k, 50k, 100k, 150k, and 250k USD. These options seem very beginner-friendly but since the firm is not safe, we advise extra caution to our readers. There are two Ryze Funding funding account types, Unlimited and Plus+. The naming is very non-professional. The fees are charged based on the funded amount and 3-phase accounts are cheaper. Both funded account types have exactly the same specs when it comes to funded options and one-time challenge fee structure.
Ryze Funding challenges require traders to hit profit targets while maintaining risk control.
Ryze Funding scaling plan is offered at this moment, increasing the default funding options by 2 times. Overall, Ryze Funding receives a 4 score for offering diverse funding options for all traders.
Ryze Funding Assets – 2
Ryze Funding prop trading assets include Forex, indices, and commodities. The spreads are raw as the firm claims, leverage is capped at 1:100, and the trading platform is a custom web platform. The firm does not offer other asset classes which is a huge downside of its asset diversity. The firm receives a 2 score in this section for lacking in asset diversity.
Ryze Funding Trading rules and limitations – 2
Ryze Funding rules are strict as traders have to hit an 8% profit target, with a 5% daily risk limit, and a 12% maximum drawdown. The maximum drawdown would be very attractive if the firm was reliable. There are no trading days limitations and traders can hold positions overnight and over the weekends. Rules wise the firm is competitive but we can not still recommend it to our readers as it heavily lacks in safety and reliability, as confirmed by traders. Copy trading and High-frequency trading are not allowed which is typical for prop firms. Traders can use EAs but the firm often declines withdrawals for obscure reasons and can not be trusted. For offering good rules the firm receives a 2 score in this section.
Ryze Funding Fees – 1.5
The fees by Ryze Funding seem competitive for 3-phase funded challenges but expensive for 2-step accounts which is a serious downside. Let’s list the fees to see it more clearly. The fees for Unlimited 2-phase accounts are as follows:
- Funded amount: 500 USD – one-time fee: 9 USD
- 1,000 USD – 19 USD
- 2,500 USD – 29 USD
- 5,000 USD – 49 USD
- 10,000 USD – 99 USD
- 25,000 USD – 199 USD
- 50,000 USD – 299 USD
- 100,000 USD – 499 USD
- 150,000 USD – 699 USD
- 250,000 USD – 949 USD
The Unlimited 3-phase challenge account has the following one-time fees:
- Funded amount: 500 USD – one-time fee: 5 USD
- 1,000 USD – 11 USD
- 2,500 USD – 17 USD
- 5,000 USD – 29 USD
- 10,000 USD – 59 USD
- 25,000 USD – 119 USD
- 50,000 USD – 179 USD
- 100,000 USD – 299 USD
- 150,000 USD – 419 USD
- 250,000 USD – 569 USD
Ryze Funding free trial is not available and Ryze Funding free repeat is not offered either, which is a huge downside for this firm. The firm receives a 1.5 score in this section for offering somewhat competitive fees but still lacking crucial features such as 0 pips spreads.
Ryze Funding Platforms – 3.9
The firm offers access to a web trading platform which is built into its trader dashboard. There are also MT4 and MT5 available as well which are flexible but since the firm does not have a partner broker price manipulation risks are still present. Ryze Funding receives a 3.9 score in the platforms section for offering advanced software.
Ryze Funding Profit-Sharing – 3
Ryze Funding profit split is capped at 95% which is ridiculously high. Prop firms should be making money by splitting profits made by traders between traders and the firm. If they gave away above 90% of profits to traders it would not be profitable. This directly indicates that the firm is a scam which was also confirmed by numerous trader reviews. Ryze Funding receives a 3 score in this section.
Education and trading tools at Ryze Funding – 0.5
Ryze Funding lacks educational resources. There are no trading courses, webinars, or video guides which is a serious downside. The firm has a dashboard with limited tools to support its trader’s growth. There is no trading blog either to provide interesting information and market insights to traders. Ryze Funding receives a 0.5 score in this section for terrible educational resource policies.
Customer Support at Ryze Funding – 1.5
Ryze Funding customer support is provided via email and there is a Telegram support channel. There is no live chat built inside the website which is a huge downside. The firm does not offer multilingual websites and support as both the website and support options are only available in the English language. As a result, Ryze Funding receives a 1.5 score in this section.
Frequently Asked Questions on Ryze Funding
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