Raise My Funds prop firm offers funded challenges ranging from 10k to 300k USD and traders can get up to 90% profit split, which is attractive. Pricing starts at 85 euros for the smallest 10k USD challenge, which is competitive. Traders can access diverse markets like Forex pairs, commodities, indices, stocks, and cryptocurrencies using the MetaTrader 5 trading platform.
In the following Raise My Funds review, we will dissect the firm’s important features to assess its safety, rules, funded options and types, assets, platforms, pricing, support, and more.
| Pros | Cons |
|---|---|
| Diverse funded challenges from 10k to 300k | Negative reviews on Trustpilot |
| Low fees start at 85 euros for 10k funding | Young and inexperienced |
| Allows access to FX, cryptos, indices, etc. | No educational resources |
| Offers advanced MT5 platform | Support lacks live chat |
| 90% profit split using the scaling plan |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | Cape Town, South Africa |
| Minimum audition fee | 85 euros |
| Fees on withdrawals | 0% |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 300,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | MetaTrader 5 |
| Available trading markets | Forex pairs, commodities, indices, stocks, and cryptocurrencies |
There are zero Raise My Funds reviews on the Forex Peace Army, which is a serious downside. On Trustpilot, the firm has around 350 reviews where 21% are 1-star evaluations, indicating serious issues with the firm’s services. When it comes to experience, the firm was launched in 2024, which makes it very young and inexperienced in the prop trading industry. The firm is not backed by any regulated broker, either, which is yet another red flag.
As a result, the firm gets a 0 score in this section for offering zero safety to its clients.
Raise My Funds funded programs include a 2-step challenge. There are no other funded account types such as 1-step or instant challenges, which is a big downside. Raise My Funds funding options include 10k, 25k, 50k, 100k, 200k, and 300k USD amounts. Traders have to hit two profit targets to pass the Raise My Funds challenge.
Raise My Funds scaling plan is available and allows traders to increase profit split to 90% which is competitive.
Overall, the firm gets a 2 score in this section.
Raise My Funds prop trading assets are diverse and include Forex pairs, commodities, indices, stocks, and cryptos. The firm allowing these many different assets is very attractive. The spreads are not zero, which makes it difficult to deploy scalping strategies.
Overall, the firm gets a 3.5 score in this section.
Raise My Funds rules include a 5% daily risk limit, a 10% profit target, and a 10% maximum drawdown limit. News trading is allowed, but traders are not allowed to trade overnight or over the weekends, which is a downside for crypto traders.
As a result, the firm gets only a 1 score in this section.
The pricing at Raise My Funds starts at 85 euros, which is a competitive price for a 10k 2-step challenge. All pricing is in Euros and the firm does not accept dollars.
Raise My Funds free trial is offered which is flexible as traders can test trading strategies and trading conditions such as spreads and commissions before pursuing the challenge.
Raise My Funds free repeat is not available and traders have to purchase the challenge every time they want to start over, which is a downside. The spreads are not zero, which is a big downside for scalpers. Withdrawals have no commissions, which is flexible.
Overall, the firm gets a 3 score in this section.
The firm allows access to the advanced trading platform, MetaTrader 5. MT5 allows for both EAs or automated trading systems and custom indicators. Mobile trading is available via the MT5 mobile app. Traders can use EAs to enhance their experience and accuracy, which is super useful.
Overall, the firm gets a 5 score in this section for allowing full capabilities of the advanced MT5 platform.
Raise My Funds profit split is 85% which is a decent amount. Traders can increase their profit split to up to 90% after consistent trading. The withdrawals can be made after at least 14 days of trading, which is a long time.
Overall, the firm gets a 3 score in this section.
The firm does not offer any educational resources, which is a serious downside for beginner traders. There are no webinars, videos, or trading courses available. No tools are provided to enhance the trader’s accuracy. The lack of a trading blog means traders can not get market insights and trading tips for their strategies, which is very inconvenient for beginners.
As a result, the firm gets a 0 score in this section.
Customer support at Raise My Funds includes a hotline and email, but there is no live chat offered, which is a downside. The absence of a live chat is not convenient, as it is a cheap and fast way to connect with prop firms and resolve issues quickly. Hotline support is costly. The firm offers multilingual support and a website that is very useful for international traders.
Overall, the firm gets a 3.6 score in the support section, losing points for not offering a live chat.
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Raise My Funds scam is less likely but still not completely out of the window as the firm lacks trader feedback and is a relatively young company.
The firm offers access to diverse assets on the advanced MT5 platform at competitive fees, but its safety is questionable.
The minimum fee for the smallest 10k USD challenge is 85 euros.
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