FinProp Funding Forex prop firm review

FinProp Funding Forex prop firm review

FinProp Funding prop firm offers funded challenges with a 2-step evaluation model. The funded options range from 10k to 100k USD and pricing starts at just 36 dollars. All accounts are 2-step challenges, which is disadvantageous for the firm as it narrows down its potential client base. Traders can get up to 80% of their profits, which is a decent percentage. The firm allows traders to use an advanced trading platform, cTrader, which offers useful functionality. Traders can speculate on the number of markets including FX pairs, indices, commodities, and cryptos. 

In the following FinProp Funding review, we will assess the firm’s most important aspects, such as safety, rules, funded options and types, pricing, platforms, support, and more. 

Pros & cons of FinProp Funding prop firm

ProsCons
Competitive pricing from 36 USD for 10k challengesLack of user feedback
Allows access to advanced trading platform, cTraderYoung prop firm
Offers a high-profit sharing of up to 90%Lacks educational resources
Offers live chat, email, and phone support channelsNo multilingual support

Quick rating of FinProp Funding and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersDubai, U.A.E.
Minimum audition fee36 USD
Fees on withdrawals0 USD
Minimum funded amount10,000 USD
Maximum funded amount100,000 USD
Allowed daily loss3-5%
Profit target6-10%
Maximum trailing drawdown8-12%
Profit sharing (Payouts)80% (Up to 90% after consistently trading)
Trading PlatformscTrader
Available trading marketsForex pairs, indices, commodities, and cryptos

Safety of FinProp Funding

There are 0 FinProp Funding reviews on the Forex Peace Army (FPA) platform, which is a major downside for the firm. On Trustpilot, the firm has around 20 reviews, which is not enough to assess the trader's experience with the firm’s services. The firm was launched in 2024, making it super young and inexperienced in the prop trading industry, which is a major red flag. This is because there is not enough experience and trader feedback to evaluate how reliable the firm actually is. Additionally, all funded accounts are simulated or demo accounts and are not backed by regulated brokers. 

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

FinProp Funding funding and maximum capital allocation

FinProp Funding funded programs are three, Prime, Standard, and Pro. All of these accounts are 2-step challenges, which is a big downside. The list of FinProp Funding funding options includes 10k, 25k, 50k, 75k, and 100k USD challenges. There are no smaller or bigger funding amounts, which is also a downside. 

The absence of 1-step and instant FinProp Funding challenges is a downside for experienced traders who want to access funded accounts quickly. 

There is no FinProp Funding scaling plan available, which is a big drawback for traders who want to grow their funded account balance slowly. Instead, they will have to buy and merge several accounts, which makes it a lengthy process to acquire larger trading accounts.

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

FinProp Funding Assets

FinProp Funding prop trading assets include several markets such as FX pairs, commodities, indices, and cryptos. The firm does not offer other assets such as stocks. The leverage is 40:1 for Standard and Pro accounts, and for Prime accounts, Forex pairs are 20:1. The leverage for indices is 20:1 Standard and Pro, and for Prime accounts 15:1. Other asset types have the following leverage ratios:

  • Metals: 15:1
  • Oil/Gas: 15:1
  • Crypto: 2:1

As we can see, the firm offers decent leverage amounts.

Overall, the firm only gets a 3 score in this section.

FinProp Funding Trading rules and limitations

FinProp Funding rules vary between different account types, despite being the same 2-step evaluations. Let’s compare their risk limits to see a clearer picture.

The FinProp Prime challenge has the following rules:

  • Profit target - 6%
  • Daily loss limit - 3%
  • Maximum drawdown - 8%
  • Minimum trading days - 3 days

The FinProp Standard accounts require traders to follow:

  • Profit target - 8%
  • Daily loss limit - 5%
  • Maximum drawdown - 12%
  • Minimum trading days - 5 days

The FinProp Pro challenge requirements are:

  • Profit target - 10%
  • Daily loss limit - 4%
  • Maximum drawdown - 8% 
  • Minimum trading days - 3 days

Weekend trading is allowed, but traders can not use EAs.

Overall, the firm only managed to get a 1.2 score in this section. 

FinProp Funding Fees

The firm offers competitive pricing starting at 36 dollars for the 10k USD challenge of FinProp Prime accounts. The pricing is 79 USD and 55 USD for 10k challenges of FinProp Standard and 

FinProp Pro accounts. Spreads are higher than 0 pips, which makes it difficult to deploy scalping strategies, which are usually the best suited for prop challenges. 

FinProp Funding free trial is not available, which is a downside as traders can not check trading conditions such as spreads and commissions before they start a challenge. FinProp Funding free repeat is not offered either, which is also a drawback as traders need to buy challenges again to start over after they fail.

Overall, the firm gets a 3 score in this section.

FinProp Funding Platforms

The firm allows access to the advanced trading platform, cTrader. It allows both custom indicators and automated trading systems to be launched and operated. Mobile trading is available via the mobile app of cTrader which is flexible and allows traders to trade on the go.

Overall, the firm gets a 3.9 score in this section, as it lacks MT4 and MT5 platforms. 

FinProp Funding Profit-Sharing

FinProp Funding profit split is 80% which is decent. Traders can increase it up to 90% after several successful withdrawals. It scales up by 5% after every payout up to 90%, which is very attractive and competitive. The firm accepts RISE and crypto payments, but withdrawals are slightly slow taking 1-3 business days.

The firm gets a 3 score in this section as a result. 

Education and trading tools at FinProp Funding

The firm lacks comprehensive educational resources such as webinars, trading videos, and trading courses. There is only a trading blog which is not a replacement for a proper education, which is a huge downside. There are no tools offered either to support traders' growth.

Overall, the firm gets a 1 score in this section. 

Customer Support at FinProp Funding

From the customer support channel, the firm offers live chat and email options. What's more exciting, there is also a phone support channel available, which is a very positive thing for any prop firm. Both the website and support are available in three different languages, which is flexible but still not enough to call the firm an international brand. 

As a result, the firm managed to get a 3.8 score in this section.

Frequently Asked Questions on FinProp Funding

Is FinProp Funding legit?

FinProp Funding scam is less likely as the firm has not gained enough attention yet, it lacks trader reviews and is young, but there is a phone support option available. 

Is FinProp Funding a good prop firm?

Despite having many advantages like low fees, advanced platforms, and good support, the firm still lacks proper safety and reliability as it has few trader reviews and is a young company. 

What is the minimum FinProp Funding fee?

The smallest one-time fee starts at 36 dollars for the FinProp Prime 10k USD challenge, which is very competitive.