Syndicate Funded prop firm is a proprietary trading company that offers funded accounts. The firm is young and lacks crucial experience in the industry. It is based in Dubai, UAE, and was launched in 2024. Funding options range from 10k to 200k and lack lower funded amounts. The firm does not offer a clear answer as to whether it is offering real funded accounts or virtual accounts. We assume it is the latter.
In today’s Syndicate Funded review, we are assessing the firm’s rules, funding options, fees, platforms, and much more.
Pros & cons of Syndicate Funded prop firm
Pros
- Ability to withdraw with $0 fees
- Fast and digital account opening/verification
- Most payment options are free and instant
Cons
- Very young prop firm that lacks transparency and reliability
- No educational materials
- Does not offer access to MetaTrader 4, MetaTrader 5
- Only offers access to Forex, indices, and commodities
- Higher profit target of 10-12%
- No lower funded options for beginners
Quick rating of Syndicate Funded and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Dubai, UAE |
| Minimum audition fee | 107 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 4% |
| Profit target | 12% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | Trade Locker |
| Available trading markets | Forex, commodities, indices |
Safety of Syndicate Funded — 1.5
Syndicate Funded reviews are lacking on the FPA platform, as the firm is very young and inexperienced in the sector. The reviews on Trustpilot are mostly balanced, but still not enough to define the legitimacy of Syndicate Funded. The firm does not mention the name of its partner broker, and FAQs are hard to find. After some searching, we found out it was Blueberry Markets, which is a regulated broker with below-average reviews online. The live chat is not offered at the moment, which makes it difficult to find out who their broker is. Therefore, we assume it is not offering trading services through a regulated entity.
The firm gets a 1.5 score in this section, for poor safety, but still offers trading through a regulated broker.
Syndicate Funded Funding and maximum capital allocation — 3
Syndicate Funded funded programs include 1-step and 2-step evaluation accounts ranging from 10k to 200k funding options. The firm requires traders to hit a bit high profit targets to get funded, and 1-step evaluation comes with slightly more strict rules.
Syndicate Funded funding options are 10k, 25k, 50k, 100k, and 200k. There are no other Syndicate Funded challenge accounts at the moment offered, which is a downside. However, the Syndicate Funded scaling plan is available, allowing traders to increase their maximum funding up to 2 million dollars. The firm lacks lower than 10k and higher than n200k default funding options and gets a 3 score in the funding options part.
Syndicate Funded Assets — 1.5
Syndicate Funded prop trading assets are limited in diversity and include only instruments from Forex, indices, and commodities. There are no other popular asset classes like cryptos or stocks offered for trading. The leverage is capped at 1:100 which is more than enough for funded trading. The firm gets a 1.5 score in this section for lacking the trading asset diversity.
Syndicate Funded Trading rules and limitations — 1.4
Syndicate Funded rules are below average, as the firm requires traders to hit high-profit targets ranging from 10 to 12%. The daily risk limit is 5% which is the industry average and the overall loss limit is 10%. The firm allows news trading and open positions during overnight trading.
Overall, Syndicate Funded gets a 1.4 score in this section.
Syndicate Funded Fees — 1.5
The fees are average at Syndicate Funded as the fee for a 1-step account for 10,000 USD starts from 118 USD, while the same funded option on a 2-step account starts from 107 USD.
Syndicate Funded free trial is not available at the moment, as traders will need to buy challenge accounts with the ability to rest the services before purchasing.
Syndicate Funded free repeat is not offered as well, and traders need to buy funded accounts without the ability to start over freely if they fail to pass the challenge.
Overall, Syndicate Funded gets a 1.5 score in this section.
Syndicate Funded Platforms — 0.9
The firm offers access to Trade Locker, which is a new trading platform with advanced features. The platform is still developed and lacks many features. There are no custom indicators for automated trading robots, and built-in indicators are limited in number. The platform is very promising, but still in its early stages to include all the advanced features.
The first gets a 0.9 score in this section.
Syndicate Funded Profit-Sharing — 1
Syndicate Funded profit split is 80% for all accounts at all levels. The withdrawals are lengthy and painful, and the firm loses points in this component. There is no possibility of increasing the profit-split level, and the firm gets a 1 score in this section.
Education and trading tools at Syndicate Funded — 1.3
Syndicate Funded lacks an educational department, as the firm does not offer any educational materials at all. However, the firm has a dashboard that allows traders to analyze and document their trading activities. There is also an economic calendar and other helping tools. The firm gets a 1.3 score in this section.
Customer Support at Syndicate Funded — 1.4
Syndicate Funded lacks diverse support options, as there is only email support available. The live chat and hotline channels are missing and traders need to go to Discord and contact the firm there, which is very inconvenient. The website and support are also only available in the English language, which is also a downside. Overall, Syndicate Funded gets a 1.4 score in this section.
Frequently Asked Questions on Syndicate Funded
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