Prop Funders Forex prop firm review

Prop Funders Forex prop firm review

Prop Funders prop firm offers funded challenges using 1-step and 2-step evaluation models, allowing access to a limited range of funding options from 10k to 150k USD. The firm promises up to 95% which we will discuss in more detail. The pricing on both models for 10k USD challenges is very expensive, starting from 165 USD for 2-step and 250 for 1-step challenges, making the firm attractive. 

In this Prop Funders review, we will assess the firm’s critical features including safety, rules, funding options, assets, pricing, support, and many more.

Safety of Prop Funders

There are no Prop Funders reviews, which is typically a red flag. On Trustpilot, the firm has very few reviews, which is not enough to evaluate trader feedback. This is a big red flag, as one of the most important factors for the prop firm safety evaluation is to define what traders experience with the firm. When it comes to brokers, the firm only offers simulated funded accounts, meaning traders only access demo accounts and there is no broker to back the firm. When it comes to experience, the firm was launched in 2024, which makes it super young and inexperienced.  The firm gets a 0 score in this section as it is very unreliable and has few trader reviews.

Prop Funders Funding and maximum capital allocation

Prop Funders funded programs are two, including 1-step and 2-step challenges. The 2-step account requires traders to complete two phases of evaluations and hit profit targets twice before they are funded, while the 1-step challenge only requires a profit target hit once. 

Prop Funders funding options are different for each funded account type. The 1-step Prop Funders challenge offers 10k, 25k, 50k, and 100k USD options. The 2-step challenge by the firm offers 10k, 25k, 50k, 100k, and 150k USD. As we can see, the firm offers a limited amount of funding options.

Prop Funders scaling plan is not available, which is yet another downside for the firm apart from lacking diverse funded options.

Overall, the firm gets a 2.5 score in this section. 

Prop Funders Assets

Prop Funders prop trading assets include FX Pairs, metals, indices, commodities, and cryptocurrencies. The leverage is 1:30 for 1-step and 1:100 for 2-step accounts, which is flexible. There are no stocks or futures offered for trading, which is a downside. 

The firm gets a 3 score in this section. 

Prop Funders Trading rules and limitations

Prop Funders rules are slightly different for each funded account type. Let’s list and compare them.

The 1-step Prop Funders challenge requires the following:

  • Profit target - 10%
  • Daily loss limit - 3%
  • Maximum drawdown - 6%
  • Minimum trading days - 3 days
  • News trading - Yes
  • Weekend holding - Yes 

The 2-step Prop Funders account type has the following rules:

  • Profit target - 8%, 5% (phase1, phase 2)
  • Daily loss limit - 5%
  • Maximum drawdown - 10%
  • Minimum trading days - 3 days
  • News trading - Yes
  • Weekend holding - Yes

As we can see, the rules are very strict on the 1-step challenge and forgiving on the 1-step challenge. 

The firm gets a 1.2 score in this section. 

Prop Funders Fees

The pricing is very expensive for Prop Funders. There is an ongoing discount on the 2-step 10k challenge, requiring traders to pay 97 USD instead of the usual 165, which makes this challenge attractive. However, since it is just a discount which will end soon, the pricing is very expensive. The minimum fee for a 5k USD 1-step challenge starts at 250 USD, which is incredibly expensive. 

Prop Funders free trial is not offered and the Prop Funders free repeat is not available either. This is very disadvantageous for traders as they are unable to check trading conditions and develop strategies and there is no possibility to start over free when they fail the challenge.

Overall, the firm only gets 1 score in this section for offering ongoing discounts. 

Prop Funders Platforms

The firm provides access to two popular platforms, MetaTrader 5 and TradeLocker. MT5 is a super capable trading platform, while TradeLocker is a dedicated platform specifically for prop trading, and traders can employ their strategies with ease. Mobile trading is available via the MT5 mobile app, which is very capable. 

Overall, the firm gets a 5 score in this section as it offers MT5 and allows EAs. 

Prop Funders Profit-Sharing

Prop Funders profit split starts at 80% and traders can get up to 95% which is very difficult and unrealistic. Withdrawals have fees and processing times require 1-3 business days, which is slow.

In the end, the firm gets a 1.5 score in this section. 

Education and trading tools at Prop Funders

The firm lacks access to comprehensive educational resources such as webinars, video guides, or trading courses, which is its biggest downside. There is a trading blog that offers updates and market insights, but it can not be used for trading education.

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

Customer Support at Prop Funders

The support at Prop Funders is provided via email and live chat. There is no phone support or hotline available, which is a red flag. The website as well as the support is available in multiple languages, which is flexible. There are more than 5 languages available. 

Overall, the firm gets a 3.4 score in this section. 

Frequently Asked Questions on Prop Funders

Is Prop Funders legit?

Prop Funders scam is still a possibility as the firm is young, lacks trader reviews, and only provides simulated or demo trading challenges. 

Is Prop Funders a good prop firm?

The firm is expensive, offers very few safety features, and lacks educational resources, which makes it not a very attractive choice for traders.

What is the minimum Prop Funders fee?

The smallest fee normally starts at 165 USD for a 10k USD 1-step challenge, which is incredibly expensive.