FundedFy prop firm offers funded challenges with funded options ranging from 10k to 300k USD. The firm only offers a 1-step challenge, which is disadvantageous for traders who are seeking 2-step or instant challenges. The profit split is up to 90% which is a very attractive amount. The maximum leverage is up to 1:100 which is more than enough and pricing starts at 147 dollars which is slightly expensive.
In this unbiased FundedFy review, we will assess the firm’s safety, rules, funded options and types, assets, platforms, pricing, support, and more.
| Pros | Cons |
|---|---|
| Competitive profit split up to 90% | Only offers one single-step evaluation account |
| No minimum trading days requirement | 45% of traders think the firm is a scam |
| Does not offer live chat or phone support | |
| Only web trading platforms offered | |
| No ability to trade cryptos | |
| High fees compared to competitors (147 USD for a 10k challenge) | |
| No educational resources or trading tools offered |
| FPA Score | Not rated yet |
| Year founded | 2023 |
| Headquarters | St. Vincent & Grenadines |
| Minimum audition fee | 147 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 300,000 USD |
| Allowed daily loss | 5% |
| Profit target | 7% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 90% |
| Trading Platforms | Custom web platform |
| Available trading markets | Forex, commodities, indices |
There are zero FundedFy reviews on the Forex Peace Army (FPA) platform, which is typically a red flag. On Trustpilot, the firm has around 200 reviews and 45% of these reviews are 1-star ratings. This means that the firm is most likely a scam company, as half of the traders evaluate it as one of the worst prop firms out there. The firm was launched in 2023 which makes it fairly inexperienced, and its trading services are not backed by regulated brokers, making it very unreliable.
The firm gets a 0 score in this section as a result.
FundedFy funded programs are scarce. The firm only offers a 1-step challenge with the smallest funded option of 10k, which is high. There are no smaller funded accounts below 10k USD, which is a serious drawback. The exact list of FundedFy funding options includes 10k, 25k, 50k, 100k, 200k, and 300k USD amounts.
FundedFy challenges lack higher amounts like 1 million USD, which is a downside for experienced traders who want to access larger trading capital.
FundedFy scaling plan is not available, which is a downside as traders can not grow their funded account size.
As a result, the firm gets a 3 score in this section.
FundedFy prop trading assets include only Forex, commodities, and indices. There are no cryptos or stocks offered for traders, which is a big downside, especially the lack of digital currencies.
Overall, the firm gets a 2 score in this section.
FundedFy rules are more on the strict side and include:
The maximum drawdown is flexible, and the profit target is also competitive. However, the firm won’t allow news trading, weekend holding, or EAs (Expert Advisors).
In the end, the firm gets a 0.8 score in this section.
The pricing at FundedFy is slightly expensive, from 147 dollars for the smallest 10k USD challenge. This price is below 150 USD but still expensive as many reliable firms offer 10k accounts below the 100 USD price mark. Here is the list of prices for the rest of the funded options:
FundedFy free trial is not available, which prevents traders from checking trading conditions before they purchase the challenges, which is a downside. Spreads are not zero and traders will have a difficult time deploying scalping strategies.
FundedFy free repeat is not offered and traders can not start over for free when they fail the challenge.
Overall, the firm gets a 2 score in this section.
The firm only offers its own custom web platform, which is far inferior to popular advanced software like MT4 and MT5. The platform does not allow custom indicators or EAs and mobile trading is not convenient as well. The platform only offers a few built-in indicators.
As a result, the firm gets a 0.9 score in this section.
FundedFy profit split is 90% which is very competitive. This profit split is by default and there are no paid upgrades required, which is beneficial. Withdrawals incur no fees, which is advantageous for traders. However, withdrawal processing times are slower and take between 1 and 3 business days.
Overall, the firm gets a 3.5 score in this section.
When it comes to educational resources, the firm does not offer comprehensive learning materials like webinars, trading courses, or video guides. There is no trading blog either to provide traders with market insights and news analysis.
As a result, the firm gets a 0 score in this section.
The customer support experience is the 2nd most important aspect of evaluating the firm’s reliability, after safety. FundedFy only offers an email support channel and there are no live chat or phone support options available, which is a major red flag. The website and email support are only in two languages, which is also a downside of the firm.
Overall, the firm gets a 1.2 score in this section as a result.
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The FundedFy scam is highly likely, as 45% of traders evaluate the firm with a 1-star evaluation, indicating serious issues with the firm’s reliability.
No, the firm has strict rules, and expensive fees, only offers a web platform, and 45% of traders think it is a scam.
The smallest fee at FundedFy starts at 147 USD (one-time) for the 10k USD 1-step challenge.
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