Funded Prop BX Forex prop firm review

Funded Prop BX Forex prop firm review

Funded Prop BX prop firm offers funded account challenges with funding options ranging from 6k to 200k USD. There are several challenge account types available like Classic, Wall Street, and Oxford. Each funded account comes in standard and swap-free versions. The pricing is super competitive from 49 USD for the classic standard 6k challenge. Swap-free challenges are slightly more expensive, but all pricing is cheap, allowing traders to start funded trading cheaply. The leverage is 1:100, and the firm allows traders to access MetaTrader 5, and the profit split is up to 90%. Overall, the conditions seem very competitive with this firm, so I decided to evaluate it. 

As a result, in this Funded Prop BX review, we will discuss the firm’s safety, rules, funded options and types, assets, platforms, pricing, support, and more. 

Pros & cons of Funded Prop BX prop firm

ProsCons
Competitive pricing from 49 USD for 6k challengesNo FPA reviews 
High-profit split of up to 90%All trading is on simulated accounts
Access to the MetaTrader 5 (MT5) platformNo free trials or challenge retries
Multiple challenge types are availableWithdrawals are a lengthy process
Swap-free accounts availableDoes not allow stock trading
Scaling plan up to $4M 

Quick rating of Funded Prop BX and its features

FPA ScoreNo rating
Year founded2024
HeadquartersLarnaca, Cyprus
Minimum audition fee49 USD
Fees on withdrawals0 USD
Minimum funded amount6,000 USD
Maximum funded amount200,000 USD
Allowed daily loss5%
Profit target10%
Maximum trailing drawdown10%
Profit sharing (Payouts)Up to 90%
Trading PlatformsMetaTrader 5 (MT5)
Available trading marketsForex, crypto, commodities, indices

Safety of Funded Prop BX

There are no Funded Prop BX reviews on the Forex Peace Army (FPA) platform, which is a huge red flag. On Trustpilot, the firm has around 100 reviews and around 13% are 1-star evaluations, indicating some minor issues with the firm’s services. Another important aspect of any prop firm’s safety is its experience in its industry. Funded Prop BX was launched in 2024, which makes it relatively young and inexperienced. Furthermore, all funded challenges are simulated accounts, meaning traders only access demo trading even after they are funded. The firm is partnered with BaxiaMarkets, a regulated broker with very poor reviews on the FPA, indicating that the broker can not be trusted, making it very risky to sign up for the firm’s challenges. 

The firm gets a 0 score in this section for being young, risky broker partnerships, and having too few reviews.

Funded Prop BX Funding and maximum capital allocation

Funded Prop BX funded programs are several and each is divided into standard and swap-free versions. There are Classic, Wall Street, and Oxford challenges available. The list of Funded Prop BX funding options is exactly the same for all account types and includes 6k, 15k, 25k, 50k, 100k, and 200k USD. The firm promises to pay a profit share during the evaluation phases, which is very competitive. The firm does not offer bigger challenges beyond 200k, which is a minor downside. The minimum funding amount is 6k, which is not very attractive for beginners.

Funded Prop BX challenges offer traders the opportunity to use swap-free accounts, which are designed for Muslim traders who follow Sharia laws. 

Funded Prop BX scaling plan allows traders to grow their account balance by 40% every 4 months to up to 4 million dollars in virtual funding. 

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

Funded Prop BX Assets

Funded Prop BX prop trading assets include Forex pairs, commodities (metals, energies), indices, and cryptos. The firm does not allow stock trading, which is a minor downside. The leverage is up to 1:100 allowing traders to control considerable position sizes.

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

Funded Prop BX Trading rules and limitations

Funded Prop BX rules are the same for classic and Wall Street challenges, and slightly different for the Oxford challenge.

The rules for the Classic Funded Prop BX challenge are:

  • Profit target - 10%, 5% (phase 1 and 2)
  • Daily loss limit - 5%
  • Maximum drawdown - 10%
  • Leverage - 1:100
  • News trading - Allowed
  • Expert Advisors - Allowed
  • Trade copiers - Allowed
  • Weekend trading - Allowed

Funded Prop BX Oxford evaluation requires the following:

  • Profit target - 8%, 5%
  • Daily loss limit - 5%
  • Maximum drawdown - 10% 
  • Leverage - 1:100
  • News trading - Allowed
  • Expert Advisors - Allowed
  • Trade copiers - Allowed
  • Weekend trading - Allowed

Overall, the firm gets a 2 score in this section. 

Funded Prop BX Fees

The pricing is super competitive at Funded Prop BX, starting at 49 USD for the 6k Classic challenge. The Oxford challenge starts at 59 dollars, and the 6k Wall Street challenge starts at 65 USD. 

The Funded Prop BX free trial is not available and the Funded Prop BX free repeat is not offered either, which is disadvantageous for traders. There are no fees charged on withdrawals. The firm does not offer discounts on its funded challenges, which is also a downside. 

The firm gets a 3 score in this section. 

Funded Prop BX Platforms

The firm allows access to the advanced MetaTrader 5 platform. The platform allows both custom indicators and Expert Advisors (EAs), which is super useful. Mobile trading is available via the MT5 mobile platform, which is useful.

The firm gets a 5 score in this section.

Funded Prop BX Profit-Sharing

Funded Prop BX profit split is up to 90% which is very competitive. Traders can get this payout right away, which makes it very attractive. Withdrawals are slightly lengthy, taking more than 2 business days. 

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

Education and trading tools at Funded Prop BX

The firm offers educational resources with articles where traders can learn technical analysis. There are also various tools such as calendars and calculators, enabling traders to monitor market news and calculate their positions and pip sizes. 

The firm gets a 3 score in this section. 

Customer Support at Funded Prop BX

When it comes to customer support, the firm offers phone support and email options. There is also a Discord channel as a replacement for a live chat. When it comes to multilingual support, the firm only offers English language.

Overall, the firm gets a 3.8 score in this section.

Frequently Asked Questions on Funded Prop BX

Is Funded Prop BX legit?

Funded Prop BX scam is still a possibility as the firm has a substantial number of 1-star reviews indicating some minor issues with the firm’s services. 

Is Funded Prop BX a good prop firm?

The firm offers cheap prices and advanced platforms, but lacks proper reliability, making it difficult to recommend the firm to our readers. 

What is the minimum Funded Prop BX fee?

The smallest one-time fees start at 49 USD for the 6k standard challenge, which is very competitive.