Flexytrade futures prop firm review - Scam Alert?!

Flexytrade futures prop firm review - Scam Alert?!

Flexytrade prop firm offers funded accounts from 150k to 500k USD. The pricing is extremely expensive as the firm does not offer smaller funded challenges. Additionally, the firm has many negative reviews from traders and provides only one challenge type. The profit sharing is from 90% which is a red flag as prop firms should be generating revenue by splitting trader profits. Any firm offering more than 90% is typically a red flag.
In this Flexytrade review, we will analyze the firm’s important features including safety, rules, and funding options, and will decide whether it can be trusted. 
 

Pros & cons of Flexytrade prop firm

ProsCons
Instant challenges allow traders to gain access to funded accounts immediatelyScam alert: the firm has over 45% of 1-star reviews on the Trustpilot
90% profit sharing is very competitive and attractiveOnly email support is available and only English is supported
 Very expensive fees start from 599 USD on a 150k instant futures funding option
 Low maximum trailing drawdown of 5%
 Does not provide a live chat support option

Quick rating of Flexytrade and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersSheridan, United States
Minimum audition fee600 USD
Fees on withdrawals1%
Minimum funded amount150,000 USD
Maximum funded amount500,000 USD
Allowed daily lossNone
Profit targetNone
Maximum trailing drawdown5%
Profit sharing (Payouts)From 90%
Trading PlatformsCustom web platform
Available trading marketsFutures

Safety of Flexytrade

There are no Flexytrade reviews on the FPA, which is a red flag. On Trustpilot, the firm has around 30 reviews, and half of them are 1-star evaluations, which indicates serious issues with the firm’s safety and services. The firm was launched in 2024, which makes it a super young and inexperienced company in the prop trading sector. Additionally, all funded accounts are simulated accounts and traders do not access live trading challenges. 

The firm gets a 0 score in this section as it is highly risky and inexperienced. 

Flexytrade Funding and maximum capital allocation

Flexytrade funded programs are several, divided by their amount of funded capital. 

Flexytrade funding options include 150k, 250k, 350k, and 500k USD. These options are offered as different challenges, but the only difference is their names and funding amounts. All Flexytrade challenges are instant accounts, meaning traders get funded status right away, after paying the one-time fees. The firm differs from other futures prop firms as it has one-time fees only and no monthly subscription fees. 

The Flexytrade scaling plan can be activated and allows traders to grow their funded challenge amount. 

The firm gets a 1 score in this section. 

Flexytrade Assets

Flexytrade prop trading assets are only futures from various US exchanges, and there are no other asset classes such as currencies or cryptos. Traders can speculate on numerous markets under futures including equities, commodities, currencies, and so on. 

The firm gets a 0.5 score in this section as a result. 

Flexytrade Trading rules and limitations

Flexytrade rules include no daily loss limits and no profit targets. However, traders have to maintain a strict maximum drawdown of 5%, which makes it difficult to generate profits. News trading, overnight holding, and weekend holding are not allowed. Overall, the rules are strict and traders need to be extremely cautious. 

The firm gets a 0.2 score in this section.

Flexytrade Fees

The fees are expensive at Flexytrade as the smallest challenge is 150k USD instant funding. The fee starts at 599 USD for a 150k USD challenge. Here are other fees:

  • Funded amount: 250k USD - 699 USD
  • 350k USD - 849 USD
  • 500k USD - 1,199 USD

As we can see, the firm has expensive one-time fees for all of its instant futures challenges. 

Flexytrade free trial is not offered and the Flexytrade free repeat is not available either, which is also a downside.

As a result, the firm gets a 0 score in this section.

Flexytrade Platforms

The firm allows access to Rithmic and Quantower platforms. These platforms are specifically designed for futures trading and offer a diverse set of tools. Mobile trading is available as well.

The firm gets a 3 score in this section. 

Flexytrade Profit-Sharing

Flexytrade profit split starts at 90% which may seem very attractive but in reality, it is a huge red flag. As indicated by many trader reviews as well, the firm is most likely a scam and this is just to bait traders and collect paid fees. Prop firms should generate income by splitting trader profits between the firm and trader, and anything above 90% is a red flag here and indicates that the firm might not pay its traders. In the case of Flexytrade, there are many negative trader reviews, indicating the firm declines payouts very often and has hidden rules as well. 

Overall, the firm gets a 3 score in this section for a 90% profit split, but we advise our readers to stay away from this scam company.

Education and trading tools at Flexytrade

The firm advertises Education & Expert Mentoring in Futures Trading, but we can not evaluate its quality. As it seems, the firm is not that good with education, as so many traders evaluate it by 1-star. There are trader courses and articles offered, but no tools available to increase futures trading accuracy.

As a result, the firm gets a 2.5 score in this section. 

Customer Support at Flexytrade

When it comes to customer support, the firm only provides email support options, which is a huge downside. There is no phone support or live chat available, and traders will have to wait for email responses to get issues solved. Additionally, both the website and support are only in the English language, which is also a downside.

As a result, the firm gets a 1 score in this section.

Frequently Asked Questions on Flexytrade

Is Flexytrade legit?

Flexytrade scam is very highly likely as half of trader reviews are 1-star evaluations indicating serious issues with the firm’s quality of services. Stay away!

Is Flexytrade a good prop firm?

No, fees are very expensive, only one asset class (futures) is provided, and the firm’s safety has serious issues. 

What is the minimum Flexytrade fee?

The fee starts at 599 USD for a 150k USD instant funding challenge