There are no Fundedsharks reviews on the Forex Peace Army (FPA), which is usually a major red flag. So, we checked Trustpilot, where the firm has only a few reviews and all of them are negative. All reviews claim the firm to be a scam but are not offering any details of why or where the firm deceived them which is not entirely enough to conclude the firm is truly a scam but we can not confirm the firm is legit either. When it comes to experience, the firm was launched in 2025, which makes it very young and inexperienced in the prop trading industry. All funded challenges are simulated accounts and the firm’s trading services are not backed by regulated brokers. 

The firm gets a 0 score in this section.

Fundedsharks funded programs are several including ALGO HFT, Phase-1, and Phase-2. The algo account just allows EAs and scalping and the name is misleading as true HFT or High-frequency trading algorithms are very expensive and retail traders can't develop them on their own. The list of Fundedsharks funding options is exactly the same for all three challenge account types and includes 500, 1k, 2.5k, 5k, 10k, 30k, 50k, and 100k USD. Phase-2 is a 2-step challenge and Phase-1 is just a 1-step account. There are no funded options for Fundedsharks challenges that offer funding beyond 100k USD, which is very disadvantageous for experienced traders. 

Fundedsharks scaling plan is not available which is a major downside as traders can not grow their account balance. 

The firm gets a 4 score in this section. 

Fundedsharks prop trading is possible by speculating on the following markets: forex, commodities, indices, shares, NFTs, and crypto CFDs. The firm does not offer stocks or futures, which is a minor drawback.

The firm gets a 3 score in this section. 

Fundedsharks rules are slightly different for each funded challenge type. 

The ALGO HFT challenge has the following requirements:

• Profit target - 8%
• Daily loss limit - 5%
• Maximum drawdown - 10%
• Drawdown type - static
• Minimum trading days - 1 day
• EAs - Allowed
• Profit split - Up to 100%

Fundedsharks Phase-1 challenge has the following rules:

• Profit target - 10%
• Daily loss limit - 4%
• Maximum drawdown - 10% 
• Drawdown type - static
• Minimum trading days - 5 days
• Min trades - 4
• Leverage - 1:100
• Profit split - Up to 80%

Fundedsharks Phase-2 challenge has the following rules:

• Profit target - 10% 5%
• Daily loss limit - 4%
• Maximum drawdown - 10% 
• Drawdown type - static
• Minimum trading days - 5 days
• Min trades - 4
• Leverage - 1:100
• Profit split - Up to 80%

The firm gets a 1.3 score in this section. 

The pricing for the smallest 500 USD accounts the firm charges very low one-time fees and has ongoing discounts decreasing pricing even further. The HFT 500 USD account normally costs 10 USD but it costs just 8 dollars with current discounts. The 2-step accounts start at 5 USD (4 USD with current discounts), and the 500 USD 1-step challenge will cost 6.25 USD (5 USD with current discount). 

Fundedsharks free trial is not available and the Fundedsharks free repeat is not offered either, which is a serious downside as traders can not check trading conditions before purchasing challenges or start over for free after failure. 

The firm gets a 4 score in this section. 

The firm allows access to popular advanced platforms MetaTrader 4 and MetaTrader 5. Both platforms are very capable software offering custom indicators and automated trading systems (EAs, Expert Advisors), which are very flexible. Mobile trading is available via MT4 and 5 mobile apps and is accessible on both Android and iOS. EAs are allowed by the firm which allows traders to employ the full capabilities of these advanced platforms. 

The firm gets a 5 score in this section.

Fundedsharks profit split is 80% and traders can get up to 90% in some rare cases, which is not entirely clear. The firm has around 48 hours of profit withdrawals but all comments indicate it might not pay traders.

The firm gets a 3 score in this section.

The firm offers no educational resources which is a considerable downside for the firm and its traders. There is no blog offered yet and we hope the firm develops and offers educational resources. There are no tools available either, which is also the downside.

Overall, the firm gets a 0 score in this section.

When it comes to customer support experience, the firm falls short of delivering quality assistance. There is only an email channel available for support and the firm does not provide live chat or phone support options, which is a serious red flag for its safety. The firm also lacks multilingual support, which is a considerable downside. 

As a result, it only receives a 1.2 score in this section.