Pickfunded prop firm provides funded account challenges to traders with funding options ranging from 5k to 400k USD, which is a decent range. The profit split is 80% at maximum but starts low at 50% for month 1. The pricing starts at 120 dollars for the 5k 1-step challenge, which is below 150 USD but still not very cheap. Many firms are reliable and offer cheaper fees. The firm allows 1:50 leverage, which is decent.
In this unbiased Pickfunded review, we will assess the firm’s safety, rules, funded options and types, assets, platforms, pricing, support, and more.
| Pros | Cons |
|---|---|
| Offers instant and 2-step challenges | Poor reviews, with 40% being 1-star on Trustpilot |
| Maximum funding of $400,000 | No live chat or phone support |
| Provides MetaTrader 4 platform | Strict trading rules |
| No withdrawal fees | Starting profit split is very low at 50% |
| Scaling plan available | No tools or educational resources offered |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | United States |
| Minimum audition fee | 120 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 400,000 USD |
| Allowed daily loss | 3% |
| Profit target | 8% |
| Maximum trailing drawdown | 6-10% |
| Profit sharing (Payouts) | 50% (Up to 80% after consistency) |
| Trading Platforms | MetaTrader 4 |
| Available trading markets | Forex pairs, indices, crypto pairs, and commodities |
Pickfunded reviews are lacking on the Forex Peace Army (FPA) website, which is a major red flag. The firm has around 150 reviews on Trustpilot and most of them (around 40%) are 1-star evaluations, indicating serious issues and problems with the firm’s reliability. With these many negative reviews, the firm is most likely a scam. The firm was established in 2024 which makes it very young and inexperienced in the prop trading industry, which is reflected in its reviews. The firm does not disclose information about brokers it is backed by, and all accounts are demo accounts added to the list of red flags.
The firm gets a 0 score in this section.
Pickfunded funded programs include instant and 2-step challenges. There are no 1-step or 3-step challenges, which is a downside. The list of Pickfunded funding options is different for each challenge type. The instant Pickfunded challenge offers 5k, 10k, 25k, 50k, 100k, and 200k USD. The 2-step challenge offers 25k, 50k, 100k, 200k, and 400k USD options. The 2-step account does not offer smaller funded options, which is a serious downside as 2-step challenges are mostly targeted at intermediate traders and 5k and lower options are better offerings.
The Pickfunded scaling plan is available and allows traders to increase their funded account size and profit split.
The firm gets a 3 score in this section.
Pickfunded prop trading assets include Forex pairs (majors, minors, and a few exotics), commodities (metals and energies), indices, and cryptos. The leverage is the same for both funded account types. Pickfunded challenges have the following leverages:
The firm does not offer other assets for trading, such as stocks and futures.
Overall, the firm gets a 3 score in this section.
Pickfunded rules are different for each funded account type.
The instant challenge requires the following:
The 2-step challenge is slightly more forgiving:
As we can see, the rules are strict, and the firm is accused of using hidden rules, which is an extremely unethical practice.
As a result of having stringent requirements, the firm only gets a 0.8 score in this section.
The pricing is very competitive for instant challenges, starting at 120 dollars for the 5k account. This price is so low, it is almost a red flag. Instant accounts offer immediate access to funded status, and they are usually more expensive than other funded types of accounts, such as 1-step and 2-step. The firm charges no withdrawal fees, but many traders are claiming the firm declines withdrawals for no reason.
Pickfunded free trial is not available and the Pickfunded free repeat, which is a downside. Traders can not check trading conditions before purchasing the challenge, and they cannot start over for free.
Overall, the firm gets a 1.5 score in this section.
The firm allows access to the advanced MetaTrader 4 (MT4) trading platform. MT4 allows both automated trading systems (EAs) and custom indicators. Mobile trading is available via the MT4 mobile app, which is an old app but functional. The firm does not allow the use of EAs which is a downside for traders.
As a result, the firm gets a 3.9 score in this section.
Pickfunded profit split starts at 50% which is very low. After consistent trading traders can increase it up to 80% which is better but still low relative to the industry standards.
The first payout can be requested after 30 days of funded trading and has only a 50% profit split. In the 2nd month, traders can get a 60% profit split and withdraw after 21 days of trading. Month 3 allows traders to 80% after 15 days of trading. The firm promises to increase the profit split to 90% eventually, but it is not clear when and how.
Overall, the firm gets only a 2 score in this section.
The firm does not offer educational resources like webinars, video guides, or trading courses, which is a serious downside apart from being a scam. The firm has no trading blog and does not offer any tools at all.
The firm gets a 0 score in this section.
The customer support offered by Pickfunded only includes an email channel, which is a huge drawback. There are no live chat or phone support options available, which is a red flag. Traders have to wait for an email response from the firm, which is disadvantageous and makes support a lengthy process.
Overall, the firm only gets a 1.2 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
The Pickfunded scam is almost confirmed, as 40% of reviews are 1-star evaluations, indicating serious issues in the firm’s services and support.
No, the firm is a confirmed scam, has expensive fees, and does not offer live chat or phone support making it difficult to contact the firm in time.
The smallest fee starts at 120 USD for the instant 5k account and is paid one time.
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