- Access up to $1,750,000 capital with scaling plan
- Overnight and weekend holding allowed
- News trading allowed
- A large variety of trading instruments (forex pairs, commodities, indices, stocks, cryptocurrencies, etc.)
- You can use any Expert Advisor on these accounts.
- No restrictive rules
- The website is missing a lot of crucial information
- No free trial
- Relatively new prop firm
- No trading challenges
Who is FundYourFX?
Traders at FundYourFX are encouraged to succeed in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $1,000,000 and taking home profit splits up to 50%. They can achieve this by trading Forex pairs, commodities, indices, stocks, cryptocurrencies, etc.
FundYourFX is a proprietary trading firm incorporated on the 16th of February, 2021. They are offering traders an opportunity to work with capital up to $1,000,000 in balance with profit splits of 50%.
As a result, we are the first proprietary trading firm to donate 10% of profits to charity. Our traders will still get 50%, while we will keep 40% and donate 10% to four charitable organizations of our choice.
If our traders wish to support and participate in this humanitarian initiative, we offer them the opportunity to donate their 10% profit share. We picked an environmental charity, a charity that fights world hunger, a charity that prevents child abuse, and a charity that promotes financial literacy. We will support these four issues, but we will work with several charitable organizations on each issue rather than just one.
How do our donations make the world better? We recognize that we may not be able to solve the problem quickly, but we have a vision and a solution to make a meaningful and enduring difference.
They are located at Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX.
Funding program options
FundYourFX evaluation is quite different from others that we are used to in the proprietary trading firm industry.
Starter Plan and Professional Plan
Maximum Trading Size
Only Level 1 to Level 4 traders are subject to the maximum trade size. When you reach level 5 and get your fifth profit share, there will be no limit on how much you can trade.
For Forex and Crypto, a maximum lot size of 0.1 Lot per 2,000 USD is based on the account balance and not per trade. For Commodities and Indices, the maximum lot size is 0.01 lot per 2,000 USD. Forex, crypto, commodities, and indices may all be traded at the same time; however, traders must be careful not to exceed the maximum allowed lot size for forex and non-forex. The lot size must be adjusted every time the balance falls below the initial balance.
Example Forex/Crypto: $15K Account has a maximum trade size of 0.75 lots.
Example Commodities/Indices: $15K Account has a maximum trade size of 0.075 lots
Example Mix: $15K Account can trade 0.5 Lot Forex ($10,000) and 0.025 Lot Gold ($5,000)
If you hit or exceed the Maximum Trading Size at any time, with open or limit orders, your account will be disabled, and you are not eligible for the profit share. Any open trades may not be auto-liquidated; however, your account will become ineligible for trading. To continue with the opportunity for funding, your funded trading account requires a reset.
Maximum Drawdown Limit
We don’t have a daily drawdown. The only limit is the Maximum Drawdown Limit, which is set by the level of your account. The higher your account level, the higher your max drawdown. Level 1-2: max drawdown of 5% of the initial balance Level 3-4: max drawdown of 7% of the initial balance Level 5-8: max drawdown of 10% of the initial balance If you hit or exceed the Maximum Trading Size at any time, with realized or unrealized losses, your account will be disabled, and you are not eligible for the profit share. Any open trades may not be auto-liquidated; however, your account will become ineligible for trading. To continue with the funding opportunity, your funded trading account requires a reset.
A stop loss is a necessary discipline, so we require traders at levels 1-2 to have a valid stop loss when they place an order in the market. The Stop loss should be placed within 30 Minutes of the Placement of the trade. If the trader closes the position within 30 minutes, there is no stop loss required. A stop loss is no longer required when you reach levels 3 through 8.
What makes FundYourFX different from other prop firms?
FundYourFX Weekly Profit Payout – You will be paid up to 70% of all earnings directly after you hit a 10% profit if you follow our trading rules. The payout happens automatically via your preferred payment method.
FundYourFX No Risk – You never have to risk any money. By demonstrating consistency, we will reward you for steadily increasing your funded account size. You will never be liable for any losses
In conclusion, many different strategies can acquire funding from FundYourFX due to their relaxed trading rules with almost no restrictions. The main focus should be on hitting the profit target without surpassing the maximum drawdown rule and respecting the maximum trading size limit, stop-loss requirement, and stop-loss limit.
FundYourFX Exceptional Flexibility – FundYourFX offers the most flexible trading rules in the industry. We allow overnight positions, news trading, and trades over the weekend. The only thing that matters to us is that you follow the risk management rules.
FundYourFX $1.75M Upside Growth – It’s time to leverage your trading skills. After having the first profit split, we will continue to increase your account steadily until you reach $1.75M. We are the only instant funding prop firm funding traders up to 1.75 Million US-Dollar and up to 70% profit split.
Is getting FundYourFX capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high-profit split on a highly funded account sounds great, but if they expect high gains per month with low maximum drawdowns, your chances of success become close to zero.
After considering all of that, FundYourFX is an excellent choice to get funded with since you can ignore all the parameters mentioned above. The only thing that matters is your track record to become eligible for their live trading funded account.
The rules for the funded accounts and their scaling are realistic since the profit target is 10%, with a maximum drawdown limit of 10%. The only other thing you should consider is the following rules: maximum trading size limit, stop-loss requirement, and stop-loss limit.
Weekend holding, overnight holding, and news trading are also allowed, which is excellent for Day Traders and Swing Traders looking for capital up to $1,000,000.
Which broker does FundYourFX use?
FundYourFX doesn’t trade with common broker brands. They are partnered with an institutional liquidity provider that allows them to benefit from deep liquidity in the market with no commissions or swaps on trades and tight spreads.
As for trading platforms, you are allowed to trade on MetaTrader 4.
FundYourFX allows you to trade forex pairs, commodities, indices, stocks, cryptocurrencies, etc.
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On Trustpilot, they have a score of 4.6/5 out of 217 reviews.
They don’t have a thread on ForexFactory.
FundYourFX – Trader’s comments about Trustpilot
FundYourFX has a FAQ page where you might find the missing information.
The support team is available on their social media, or you can directly contact them at their email firstname.lastname@example.org.
In conclusion, FundYourFX is a legitimate proprietary trading firm offering live funding to traders after checking their past track record performances. After getting approved and funded, you are required to pay a one-time fee to manage an account with $15,000 capital.
They also offer an attractive scaling plan that allows you to double and withdraw your capital every time you reach a profit target of 10%. You can manage a maximum allocation capital of $500,000. The main rules you are required to follow while working with FundYourFX are the maximum drawdown limit of 10%, maximum trading size limit, stop-loss requirement, and stop-loss limit.
This review about FundYourFX was lastly updated on 7/6/2023 at 17:00 (CE(S)T).