AuraFunded Forex prop firm review

AuraFunded Forex prop firm review

AuraFunded prop firm offers funded accounts to traders with funded options ranging from 5k to 500k USD, which is decent. The firm provides three funded account types including 2-step, HFT evaluation, and instant. HFT Evaluation is a 1-step challenge with a slightly misleading name as the firm just allows scalping on this account and not advanced trading algorithms such as High-frequency trading (HFT) robots. The pricing starts from 95 dollars for the 10k challenge which is on par with reliable firms that offer similar pricing for 10k accounts, making the firm not very competitive. The profit split is 80% and traders are promised to get up to 95% profit split on instant challenges and up to 85% on HFT accounts.

In this AuraFunded review, we will focus on the firm’s important aspects such as safety, rules, funded options and types, assets, fees, support, and more.

Pros & cons of AuraFunded prop firm

ProsCons
Offers funded accounts from 5k to 500kIs young, has many negative reviews, and is not backed by regulated brokers
Allows access to advanced MetaTrader 5 platformOnly offers Forex major pairs from FX instruments
Three account types: 2-step, 1-step, and instantHFT accounts are expensive from 149 USD for the 10k challenges
Allows EAs, news trading, and weekend holdingNo educational content or trading tools
 No phone support and only English language is offered

Quick rating of AuraFunded and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersDubai, United Arab Emirates
Minimum audition fee95 USD
Fees on withdrawals0 USD
Minimum funded amount5,000 USD (10k on 1-step and 2-step)
Maximum funded amount500,000 USD
Allowed daily loss5%
Profit target8%
Maximum trailing drawdown10%
Profit sharing (Payouts)80% (Up to 95%)
Trading PlatformsMetaTrader 5
Available trading marketsForex major pairs, indices, commodities, cryptos

Safety of AuraFunded

There are no AuraFunded reviews on the Forex Peace Army (FPA), which is a serious red flag. Lack of trader feedback makes evaluating any prop firm’s safety and reliability extremely difficult. On Trustpilot, the firm has around 130 reviews and 18% of these reviews are 1-star ratings, indicating serious issues with the firm’s quality of services. The firm was launched in 2024, making it super young and inexperienced in the prop trading industry, which is also a serious red flag for its safety. All funded accounts are simulated accounts, meaning traders can only access demo accounts. The firm is not backed by any popular regulated broker which is also a red flag. 

The firm gets a 0 score in this section for having major safety red flags.

AuraFunded Funding and maximum capital allocation

AuraFunded funded programs are three: 2-step, HFT Evaluation (1-step), and instant challenges. Instant accounts allow immediate access to funded trading while other accounts require traders to hit profit targets to get funded and start trading for profits. The list of AuraFunded funding options is different for Instant and the rest of the accounts. The instant AuraFunded challenge offers 5k, 7.5k, 10k, 25k, 50k, 100k, and 200k USD. The 1-step and 2-step challenges offer 10k, 25k, 50k, 100k, 200k, 300k, and 500k USD amounts. There are no smaller funded challenges offered below 10k for 1-step and 2-step challenges which is a downside for beginners. The 500k USD maximum ceiling is decent. However, the lack of 1 million USD accounts makes the firm mediocre for experienced traders. 

AuraFunded scaling plan allows traders to grow their account balance to up to 3 million dollars, which is very competitive.

Overall, the firm manages to get a 3 score in this section. 

AuraFunded Assets

AuraFunded prop trading assets include popular instruments such as major forex pairs, indices, commodities, and cryptocurrencies. The lack of minor and exotic currency pairs is a big downside for traders who want to access other pairs except from 4 majors. There are no stocks or futures offered either which is also a minor downside. Overall, the firm has very few instruments for trading. The leverage depends on challenge type and add-ons and varies between 1:30 and 1:100.

As a result, the firm gets a 3 score in this section. 

AuraFunded Trading rules and limitations

AuraFunded rules are different depending on the challenge type selected. Let’s compare them to define how strict the firm’s rules are.

The 2-step AuraFunded challenge has the following requirements:

  • Profit target - 8%, 5%
  • Daily loss limit - 5%
  • Maximum drawdown - 10%
  • Minimum trading days - 5 days
  • Weekend holding - Yes
  • News trading - Yes

The HFT Evaluation (1-step) challenge has the following rules:

  • Profit target - 5%
  • Daily loss limit - 5%
  • Maximum drawdown - 10% 
  • Minimum trading days - 5 days when funded
  • Weekend holding - Yes
  • News trading - Yes

The instant challenge requires traders to follow:

  • Profit target - None
  • Daily loss limit - 4%
  • Maximum drawdown - 6%
  • Minimum trading days - 5 days
  • Weekend holding - Yes
  • News trading - Yes

As we can see, the firm has a low-profit target on its 1-step challenge and allows news trading, EAs, and weekend holding which is very competitive.

As a result of these attractive conditions, the firm gets a 3.5 score in this section. 

AuraFunded Fees

The pricing is below 150 USD which is competitive. However, the firm does not offer smaller funded accounts and the minimum fee starts at 95 dollars for the 2-step 10k challenge. The 10k HFT account starts from 149 USD which is expensive and the 5k instant challenge starts at 99 USD. As we can see, the pricing for the so-called HFT accounts is more expensive as they allow EAs or Expert Advisors. Spreads are not zero which is not attractive. The firm charges no withdrawal fees.

AuraFunded free trial is available and traders can use it to check trading conditions, which are very useful. 

AuraFunded free repeat is not offered and traders have to pay fees to start over after they fail the evaluation. 

Overall, the firm manages to get a 3 score in this section. 

AuraFunded Platforms

AuraFunded provides access to advanced trading platform MetaTrader 5 (MT5), which is a very capable platform. MT5 allows both automated trading systems (EAs) and custom indicators which is very important for experienced traders. Mobile trading is available through MT5 mobile app which is accessible on both Android and iOS smartphones. 

Overall, the firm gets a 5 score in this section. 

AuraFunded Profit-Sharing

AuraFunded profit split is different for each funded challenge type. The 2-step account has an 80% profit split, the HFT allows for up to 85% and traders can get up to 50-95% split on the instant account. Withdrawals have no fees but are a bit slower with 1-3 business days of processing times.

As a result, the firm gets a 3 score in this section. 

Education and trading tools at AuraFunded

The firm does not provide access to educational materials like webinars, trading courses, or video guides. The lack of educational content is a big downside for beginners who want to learn to trade and purchase a challenge. There are no tools available either, to allow traders to increase their accuracy and measure their performance.

The firm gets a 0 score in this section as a result. 

Customer Support at AuraFunded

The firm offers live chat and email support channels. There is no phone support option offered and available support methods are accessible from Monday to Sunday, during working hours. Both the website and the support are available in the English language only, which is a noticeable downside for the firm.

Overall, the firm gets a 2.4 score in this section. 

Frequently Asked Questions on AuraFunded

Is AuraFunded legit?

AuraFunded scam is possible as the firm has many negative reviews on Trustpilot and is a young firm. It is not backed by regulated brokers. 

Is AuraFunded a good prop firm?

No, the firm has some serious safety issues and does not disclose its phone number. 

What is the minimum AuraFunded fee?

The smallest one-time fee starts at 95 dollars for the 10k challenge of the 2-step type, which is competitive.