There are no TradingFunds reviews on the Forex Peace Army (FPA), which is a huge downside and a straight red flag. On Trustpilot, the firm has plenty of reviews (currently around 250) and 14% of them are 1-star evaluations, indicating some issues in the firm’s services. The firm was launched in 2023 in the United Arab Emirates and it has a decent experience in the prop trading industry. However, all accounts are virtual or demo accounts, and trading services are not backed by regulated brokers. 

The firm gets a 1.5 score in this section.

TradingFunds funded programs are two: 1-step and 2-step challenges. Both TradingFunds funding accounts offer the same range of funded options including 5k, 10k, 25k, 50k, and 100k USD. Both accounts have the same starting price and allow traders to choose suitable accounts according to their preferences. The 2-step TradingFunds challenge requires traders to hit profit targets in two different phases which makes it a lengthy process when compared to a 1-step account that only requires a profit target to be hit once. 

TradingFunds scaling plan is available and allows traders to grow their account 6x to a maximum of 600k USD in virtual funding. 

The firm gets a 3 score in this section.

TradingFunds prop trading assets include Forex pairs, indices, metals, and cryptos. There are no other commodities except for metals which is a downside for this firm. The leverage depends on the scaling plan level and can vary from 1:10 to 1:100 at level 5. 1:10 leverage is very low and will make it difficult to open large trading positions while the 1:100 on level 5 is enough to control comfortable amounts. The firm does not allow stocks or any other popular assets, which is a minor downside.

The firm gets a 3 score in this section. 

TradingFunds rules are slightly different for each funded account type. Let’s compare them to conclude which account is more attractive. 

The 1-step TradingFunds challenges require traders:

• Profit target - 10%
• Daily loss limit - 4%
• Maximum drawdown - 8% 
• Trading Period - Unlimited

The 2-step TradingFunds funded accounts have the following rules:

• Profit target - 8%, 6% (phase 1 and 2)
• Daily loss limit - 5%
• Maximum drawdown - 10%
• Trading Period - Unlimited

News trading is allowed and overnight holding and weekend holding are both allowed as well. EAs or Expert Advisors are not allowed. 

As a result, the firm gets a 1.6 score in this section. 

The firm offers the same pricing for both account types. Here is the list of one-time fees for each funded option without current discounts:

• Funded amount: 5k USD - One-time fee: 69 USD
• 10k USD - 99 USD
• 25k USD - 199 USD
• 50k USD - 299 USD
• 100k USD - 549 USD

The spreads are not zero, which is disadvantageous for scalpers. Withdrawals incur no commissions, which are flexible. 

TradingFunds free trial is not provided and the TradingFunds free repeat is not available which is a downside as traders can not check trading conditions and start over for free when they fail the challenge.

Overall, the firm gets a 3 score in this section.

TradeLocker is the only trading platform offered by the firm that is specifically designed for prop trading. However, it does not allow custom indicators and automated trading systems (Expert Advisors) unlike popular platforms such as MT4 and MT5. Mobile trading is available and accessible for all devices including Android and iOS. 

The firm gets a 2.5 score in this section as a result.

TradingFunds profit split is at 80% in the beginning. However, traders can increase it up to 90% using the scaling plan, which is flexible. Withdrawals are processed in 1-3 business days which is slightly slower than competitors. 

The firm gets a 3 score in this section. 

TradingFunds does not offer educational resources such as webinars, trading courses, or video guides. There is no trading blog either and traders are not given additional tools to increase their trading accuracy or measure their trading performance.

Overall, the firm gets a 0 score in this section for not offering any educational resources and tools.

The firm offers two customer support options, live chat and email channels. Both the website and support are offered in more than 5 languages, which is very advantageous for international traders. There is no phone support offered at this moment which is typically a minor red flag. 

The firm manages to get a 3.8 score in this section.