Vertex Funding Forex prop firm review

Vertex Funding Forex prop firm review

Vertex Funding prop firm offers funded challenges with up to 90% profit split and 2 million dollars in a simulated funded capital. The firm only provides 2-step challenges, which is a downside. The range of funding options is from 10k to 500k USD. Traders have to hit a 10% profit target in phase 1, and 5% in phase 2 to get funded. Traders can access various markets including FX, commodities, cryptos, and indexes and pricing starts at 140 dollars for 10k challenges. 

In this Vertex Funding review, we will assess the firm’s most critical features such as safety, rules, funded options, assets, platforms, support, and more. 

Pros & cons of Vertex Funding prop firm

ProsCons
Offers up to 90% profit splitFew trader reviews (below 100) on Trustpilot and 0 reviews on the FPA
Traders can scale funding up to $2 millionOnly a 2-step challenge is offered
Allows access to diverse markets like FX, commodities, shares, cryptos, indicesThe smallest account starts from 10k USD
Supports MT4, MT5, cTrader, DXTrade (TradingView integrated), and Match-TraderMonthly withdrawals only
News trading and EAs are allowedOnly provides live chat in English
Backed by a regulated broker, ThinkMarketsLacks training materials, webinars, and tools

Quick rating of Vertex Funding and its features

FPA ScoreNot rated yet
Year founded2020
HeadquartersUnited Kingdom
Minimum audition fee140 USD
Fees on withdrawals0.5%
Minimum funded amount10,000 USD
Maximum funded amount500,000 USD (Up to 2 million USD)
Allowed daily loss4%
Profit target10% (5% on phase 2)
Maximum trailing drawdown8%
Profit sharing (Payouts)Up to 90%
Trading PlatformsMT4, MT5, cTrader, DXTrade (TradingView integrated) and Match-Trader
Available trading marketsForex pairs, equity shares, cryptos, commodities, and indexes

Safety of Vertex Funding

There are no Vertex Funding reviews on the Forex Peace Army, which is a downside. On Trustpilot, the firm has below 100 reviews and around 10% of these reviews are 1-star evaluations, which indicates the firm might have some serious issues with its service quality. 10% of traders evaluating the firm with 1-star is a big red flag, which makes it difficult to recommend this firm to anyone. As for the experience, the firm was launched in 2020, which makes it fairly experienced in the prop trading sector. The firm is partnered with ThinkMarkets, which backs all its trading services and is a regulated Forex and CFDs broker. 

The firm gets a 3 score in this section as it has experience, and offers trading via a regulated broker.

Vertex Funding funding and maximum capital allocation

Vertex Funding funded programs lack diversity as the firm only provides one 2-step evaluation model, where traders have to hit profit targets in two different phases. As for the Vertex Funding funding options, traders can select from 10k, 25k, 50k, 100k, 200k, and 500k USD amounts. There are no 1 million and below 10k USD options, which is a downside for both beginners and seasoned traders. The firm does not offer other types of accounts except for the 2-step challenge. There are no Vertex Funding challenges such as 2-step, 3-step, or instant, which is a downside. 

Vertex Funding scaling plan is available and allows traders to get up to 2 million USD in funding.

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

Vertex Funding Assets

Vertex Funding prop trading assets include popular assets such as Forex pairs, commodities, indices, equity shares, and cryptos. The firm does not allow access to option markets or futures, which is a downside. The leverage is 1:30 on Forex and metals, indices 1:10, equity shares 1:5, and cryptos 1:2. 

Overall, the firm gets a 3.5 score in this section.

Vertex Funding Trading rules and limitations

Vertex Funding rules require traders to follow strict requirements:

  • Profit target - 10% and 5%
  • Minimum trading days - 0 days
  • Minimum daily loss - 4%
  • Maximum drawdown - 8%
  • Expert Advisors - Allowed
  • News trading - Allowed
  • Weekend trading - Not allowed

The profit target is standard but slightly high, and maximum drawdown and daily risk limits are strict. Traders can not trade or hold open positions over the weekends, which is a minor downside. News trading is allowed and traders can employ automated trading systems and other EAs.

The firm gets a 0.5 score in this section as it has strict rules. 

Vertex Funding Fees

The pricing starts at 140 dollars for the 2-step 10k USD challenge, which is competitive but slightly expensive. There are many reliable firms that we reviewed, offering 10k challenges at cheaper prices. Here is the list of prices for all funded challenges:

  • Funded amount: 25k USD - One-time fee: 250 USD
  • 50k USD - 345 USD
  • 100k USD - 525 USD
  • 200k USD - 1,000 USD
  • 500k USD - 2,400 USD

As we can see, the pricing is slightly on the expensive end but still starts below 150 USD, which makes it fairly competitive. 

Vertex Funding free trial is not offered and the Vertex Funding free repeat is not available which is a downside, as traders can not check trading conditions before purchasing the account and can not renew challenges for free. Spreads are not zero, which makes it difficult to use scalping methods.

As a result, the firm gets a 2 score in this section. 

Vertex Funding Platforms

Vertex offers a diverse selection of trading platforms as it is partnered with a regulated broker, ThinkMarkets. The firm offers the same range of trading platforms as the broker it is backed by, including MT4, MT5, cTrader, DXTrade (TradingView integrated), and Match-Trader. Mobile trading is available via mobile app versions of these platforms, and traders can employ custom indicators and Expert Advisors (EAs).

As a result, the firm gets a 5 score in this section for allowing all advanced features of trading platforms. 

Vertex Funding Profit-Sharing

Vertex Funding profit split is up to 90% and starting sharing is lower. The firm makes it difficult to find exact details regarding withdrawals except that it is only allowed once per month, which is unattractive. Withdrawal processing is also slow.

As a result, the firm only gets a 3 score in this section. 

Education and trading tools at Vertex Funding

Vertex Funding lacks educational resources and there is no blog either. There are no webinars or live videos to help traders understand prop trading, which is a downside. There are many trading platforms offered but no tools to support traders.

As a result, the firm gets a 0 score in this section for lacking educational materials. 

Customer Support at Vertex Funding

When it comes to customer support, Vertex Funding only provides a live chat, which is convenient but not enough. There are no other options such as email and hotline. Both the website and the support are provided only in the English language which is also a downside.

Overall, the firm gets a 1.2 score in this section. 

Frequently Asked Questions on Vertex Funding

Is Vertex Funding Legit?

Vertex Funding scam is less likely as it is partnered with the regulated broker (ThinkMarkets), and has been around since 2020. However, the firm has over 10% of 1-star reviews on Trustpilot, which is a big red flag.

Is Vertex Funding a good prop firm?

The firm offers a mixed bag of results and is attractive with diverse markets and platforms (allows EAs), but lacking in some features such as diverse challenge types and positive trader reviews. 

What is the minimum Vertex Funding fee?

The minimum fee for Vertex Funding's funded challenges starts at $140 for the 10k USD account.