The Forex Funder prop firm offers funded challenges with up to 2 million USD in virtual capital and promises up to 95% virtual profit sharing. The firm only offers virtual funded accounts, meaning traders can only trade on demo accounts and are never allowed to access live markets with real funds. The firm offers several funded challenges, including 1-step and 2-step evaluations.
In this The Forex Funder review, we will assess the firm’s safety, rules, funding options, assets, platforms, fees, support, and more. After reading this review, you will define whether The Forex funder can be trusted.
Pros & cons of The Forex Funder prop firm
Pros
- Offers up to 95% profit sharing, which is very high
- Offers various funding options, including 1-step and 2-step evaluations with capital up to 2 million USD
- Supports a range of trading assets like Forex, indices, commodities, crypto, and stocks
- Offers only a custom web platform with limited indicators
- No live chat or phone support
- Provides no educational materials
Cons
- The high number of negative reviews and complaints about scams; lack of transparency
- Only offers virtual funded accounts
- Strict rules make it difficult to become funded (3% daily loss limit)
Safety of The Forex Funder – 0
The Forex Funder reviews are lacking on the FPA, and the firm was launched in 2023, making it a relatively young and inexperienced prop company. However, half of Trustpilot’s reviews are 1-star evaluations, indicating that the firm is most likely a scam. Traders complain about the firm being scammed and not caring about traders with absurd commissions and other inefficiencies. Another drawback is that the firm does not provide funding accounts that are backed by regulated brokers, making it possible to manipulate prices. As we learned from trader reviews, this might be the case with The Forex Funder prop firm, indicating the firm is most likely a scam.
The firm gets a 0 score in this section for having an overwhelming number of negative reviews and a lack of experience in the industry it occupies.
The Forex Funder Funding and maximum capital allocation – 3
The Forex Funder funded programs are diverse and include 1-step evaluations, 2-step challenges, rapid evaluations, and royal evaluations. The 1-step valuation provides 10k, 25k, 50k, 100k, 200k, 300k, and 400k USD amounts. The 2-step evaluation offers similar options but adds $500k and 1 million USD in funding. The rapid and royal challenges also offer funding ranges between 10k and 1 million dollars. 2-step challenges require traders to hit profit targets twice while maintaining strict risk control. The so-called rapid account is actually a 2-step account where traders must hit the profit target twice. The same is true for a royal account, which is also a 2-step account. As we can see, the firm is misleading customers with its naming of challenges when the majority of accounts are just 2-step challenges.
The Forex Funder funding options are diverse, but there are so many red flags with naming and safety that it is not worth purchasing any of the firm’s accounts.
The Forex Funder challenges overall do not provide attractive conditions for traders, as there are just two challenge types offered with different names.
The Forex Funder scaling plan allows traders to increase their virtual funded accounts to up to 2 million dollars.
Overall, The Forex Funder gets a 3 score in this resection for offering a decent funding range.
The Forex Funder Assets – 3
The Forex Funder prop trading assets include Forex pairs, indices, commodities, cryptos, and stocks. This is a decent range of assets, as it is rare to see prop firms offering stocks for trading. The leverage is capped at 1:100 for FX pairs, which is more than enough.
Overall, the firm gets a 3 score in this section as well for offering a diverse range of asset types.
The Forex Funder Trading rules and limitations – 1.1
The Forex Funder rules are strict and slightly different for each funded challenge type offered by the firm.
The 1-step The Forex Funder rules require traders to follow:
- Profit target: 10%
- Daily risk limit: 4%
- Maximum drawdown: 8%
- News trading: No
- Weekend holding: No
- Algorithmic trading tools: Yes
- Profit sharing: 95%
The 2-step The Forex Funder rules are as follows:
- Profit target: 8% 5%
- Daily risk limit: 5%
- Maximum drawdown: 10%
- News trading: No
- Weekend holding: No
- Algorithmic trading tools: Yes
- Profit sharing: 95%
The Rapid The Forex Funder rules require:
- Profit target: 8%
- Daily risk limit: 3%
- Maximum drawdown: 8%
- News trading: No
- Weekend holding: Yes
- Algorithmic trading tools: Yes
- Profit sharing: 95%
The Royal The Forex Funder rules:
- Profit target: 10%, 4%
- Daily risk limit: 4%
- Maximum drawdown: 10%
- News trading: No
- Weekend holding: No
- Algorithmic trading tools: Yes
- Profit sharing:
As we can see, the firm is strict and requires very low daily loss limits and maximum drawdowns.
Overall, the firm gets a 1.1 score in this section for requiring strict risk limits.
The Forex Funder Fees – 1.5
The pricing by The Forex Funder is very expensive when compared to other prop firms. The price for a 10k 2-step challenge starts at 155 dollars, making it very unfriendly for beginner traders. There are also high trading commissions, which makes it very difficult for traders to hit profit targets and become funded.
The Forex Funder free trial is not offered, and traders can not check trading conditions before purchasing the challenge.
The Forex Funder free repeat is not available either, and traders have to purchase the challenge every time they want to start over after failing.
Overall, the firm gets a 1.5 score in this section for offering a very poor fee structure.
The Forex Funder Platforms – 0.9
The firm only offers its own custom web trading platform, which is much inferior to other popular trading software. This platform does not offer custom indicators, and the number of built-in indicators is very small. Mobile trading is available but very inconvenient with this trading platform.
Overall, the firm gets a 0.9 score in this section for offering a very terrible trading experience.
The Forex Funder Profit-Sharing – 2
The Forex Funder profit split is 95%, and the firm is shy to explain all the details. This percentage is very high and seems more like a good tool to lure traders than a real thing. There are a multitude of reviews accusing the firm of being a scam and not giving payouts.
Overall, the firm gets a 2 score in this section.
Education and trading tools at The Forex Funder – 0
The Forex Funder completely lacks educational resources. There are no webinars, trading courses, or video guides available to help beginners. There is no trading blog either, and no tools are offered. Overall, The Forex Funder gets a 0 score in this section for offering no educational resources at all.
Customer Support at The Forex Funder – 1.2
The firm promises 24/7 assistance, yet it lacks live chat and phone support options. There is no possibility to contact the firm quickly to resolve any issues during evaluation, which is a huge red flag. Another downside is that both the website and support are only available in the English language.
Overall, the firm gets a 1.2 score in the support section for terrible support experience and limited support channels.
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