FunderPro is a game-changing proprietary trading firm that's revolutionizing the way traders access large trading accounts and maximize their profits. Founded in 2023, FunderPro is committed to providing a fair and transparent trading experience, with a focus on risk management and consistency.
With a range of customizable plans and a profit-sharing model that puts traders first, FunderPro is the ultimate destination for skilled traders looking to take their careers to the next level. In this article, we'll dive into the features and benefits of FunderPro, and explore how this innovative firm is shaping the future of prop trading.
〽 What is FunderPro?
FunderPro is a proprietary trading firm based in Malta, founded in February 2023. It is led by CEO Gary Mullen and aims to empower traders globally by providing them with an opportunity to manage substantial capital through its funded trader program.
FunderPro's innovative approach, including no time limits and a scaling plan of up to $5 million, sets it apart in the proprietary trading industry.
| Key Feature | Details |
|---|---|
| Co-Founders | Gary Mullen |
| Platform | TradeLocker |
| Payout Split | Upto 90% |
| First Payout | Upon making a profit |
| Subsequent Payouts | Daily On-demand payouts |
| Daily Drawdown | 5% |
| Headquarters | Malta |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Funding Programs | 2-Phase Day Trading Challenge, 2-Phase Swing Challenge, Fast Track Challenge, |
| Leverage | Upto 1:200 |
| Weekend Holding | Allowed |
| Contact | support@funderpro.com |
| Trustpilot Rating | 4.2/5.0 |
Funding Program Options
FunderPro offers a range of funding programs designed to cater to traders of various skill levels and trading styles. FunderPro's funding programs are explained below:
- The 2-Phase Day Trading Challenge
Tailored for scalpers and day traders who thrive on intraday market movements, the 2-Phase Day Trading Challenge offers generous drawdown limits and high leverage. This challenge consists of two phases, allowing traders to demonstrate their skills and consistency.
In Phase 1, traders must achieve a 10% profit target, while Phase 2 requires an 8% profit target. There's no time limit for completing either phase, and traders must meet a minimum of 5 trading days in each phase. The maximum daily drawdown is capped at 5%, with an overall drawdown limit of 10%.
| Account Size | Pricing |
|---|---|
| $5,000 | $79 |
| $10,000 | $139 |
| $25,000 | $249 |
| $50,000 | $349 |
| $100,000 | $549 |
| $150,000 | $819 |
| $200,000 | $549 |
- The 2-Phase Swing Trading Challenge
Designed for traders who prefer to hold positions over extended periods, including news events and weekends, the 2-Phase Swing Trading Challenge accommodates a wide range of trading styles. Similar to the Day Trading Challenge, it consists of two phases with profit targets of 10% and 8%, respectively.
| Account Size | Pricing |
|---|---|
| $5,000 | $89 |
| $10,000 | $149 |
| $25,000 | $269 |
| $50,000 | $379 |
| $100,000 | $599 |
| $150,000 | $819 |
| $200,000 | $1,199 |
- The Single Phase Fast Track Challenge
The Single Phase Fast Track Challenge is tailored for experienced traders seeking a more expedited path to funding. With higher leverage, the ability to hold positions over news events, and a lucrative 90/10 profit split, this challenge rewards traders who can consistently generate profits while effectively managing risk.
| Account Size | Pricing |
|---|---|
| $5,000 | $79 |
| $10,000 | $139 |
| $25,000 | $249 |
| $50,000 | $349 |
| $100,000 | $549 |
| $150,000 | $819 |
| $200,000 | $1,099 |
Scaling Plan
FunderPro's innovative scaling plan provides traders with an opportunity to grow their accounts exponentially. By consistently maintaining a 10% profit for three consecutive months, traders can qualify for a 50% increase in their account balance, up to a staggering $5 million. This approach not only rewards consistent performance but also empowers traders to achieve their full potential.
Payouts | Rewarding Success and Fostering Growth
One of the key advantages of trading with FunderPro is the firm's commitment to rewarding success and fostering growth. Unlike many prop firms that offer simulated accounts, FunderPro provides its funded traders with real capital, aligning the firm's interests with those of its traders.
FunderPro's payout structure is designed to incentivize consistent performance and encourage traders to reach new heights. Funded traders can request daily payouts, with an average processing time of just 8 hours, ensuring that their hard-earned profits are promptly rewarded. Additionally, FunderPro offers an attractive 80/20 profit split, allowing traders to keep a significant portion of their earnings.
TradeLocker | The Future of Trading
At the forefront of FunderPro's trading platform offerings is TradeLocker, a state-of-the-art web-based platform that natively integrates with TradingView's advanced charting capabilities. This innovative platform empowers traders to analyze over 500 assets using live pricing charts, identify chart patterns, conduct multi-timeframe analysis, and make informed trading decisions.
TradeLocker's user-friendly interface, combined with its advanced features, such as customizable watchlists, pre-built indicators, and a wide range of order types, provides traders with an efficient trading environment. Additionally, TradeLocker's mobile app ensures that traders can monitor their portfolios and make decisions on the go, further enhancing their trading experience.
While TradeLocker is FunderPro's flagship trading platform, the firm recognizes the diverse preferences of traders. As such, FunderPro also offers integration with industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with the flexibility to choose the platform that best suits their needs.
Educational Resources and Support | Fostering Growth and Success
FunderPro understands that trading success is not solely dependent on having the right tools but also on continuous learning and support. To this end, the firm has invested in developing a comprehensive suite of educational resources and a dedicated support team.
The firm's website features a wealth of educational content, including blog articles, FAQs, and trading guides, covering a wide range of topics from risk management strategies to technical analysis techniques. These resources are designed to help traders enhance their knowledge and refine their skills, ultimately contributing to their long-term success.
Furthermore, FunderPro's support team is available 24/7 to assist traders with any queries or issues they may encounter. Comprised of experienced trade professionals, the support team is well-equipped to provide accurate and insightful guidance, ensuring that traders have the support they need to navigate the complexities of the markets.
Security and Data Privacy | Prioritizing Trust and Transparency
In an industry where trust and transparency are paramount, FunderPro has implemented robust security measures to safeguard its traders' data and ensure the integrity of their trading activities. The firm utilizes advanced encryption protocols and employs physical, electronic, and procedural safeguards to protect the collection, storage, and disclosure of personal information.
FunderPro's commitment to security and data privacy extends beyond mere compliance with regulations. The firm recognizes that maintaining the trust of its traders is essential for fostering long-term relationships and ensuring the success of its trading community.
Queries Related To FunderPro
What are The Profit Targets for The Challenges?
The 2-phase challenges require profit targets of 10% and 8% in each phase, while the Single Phase Fast Track Challenge has a 12% profit target.
What is The Maximum Daily/Overall Drawdown?
The maximum daily drawdown is 5% (4% for Fast Track). The maximum overall drawdown is 10% (7% for Fast Track).
Can Traders Hold Positions over The News and on Weekends?
Traders can hold positions over news and weekends only on Swing Trading accounts.
Are Trading Bots Allowed?
Yes, traders can use their own trading bots programmed with the TradeLocker API.
Can Traders Scale Their Accounts?
Yes, by maintaining a 10% profit for 3 consecutive months, traders can get a 50% increase in their account balance, up to $5 million.
Do Funded Traders Trade with Real Funds?
Yes, FunderPro provides funded traders with a live STP/ECN account funded with real capital, not virtual money.
Conclusion
Funder Pro stands out as a premier professional firm in the financial sector, offering a comprehensive suite of services tailored to meet diverse funding needs. With its expert team, innovative approach, and commitment to client success, Funder Pro has established itself as a trusted partner for businesses and individuals seeking financial solutions.
So, are you ready to get started with one of the best Forex prop firms out there?
