Forex Prop Firm is a proprietary trading firm with the intention of providing its traders with a comfortable trading environment and four different funding program options.
- Four different funding programs
- Excellent Trustpilot rating of 4.4/5
- Excellent support team
- 10% profit split from evaluation phases
- Scaling plan up to $10,000,000 capital
- Profit splits up to 100%
- Bi-weekly payout cycles
- A large variety of trading instruments (forex pairs, commodities, indices, stocks, crypto)
- No maximum trading days on three funding programs
- Overnight trading and holding is allowed
- News trading allowed
- Leverage up to 1:30
- Withdrawal target of 5% on each funding program
- Maximum trading period for Two-step evaluation program
Forex Prop Firm is a proprietary trading firm with the intention of providing its traders with a comfortable trading environment. That is why they have developed and are offering four different funding programs to traders worldwide. They allow you to earn high profit splits of up to 100% while managing initial account sizes of up to $200,000 and being able to scale all the way up to an account balance of $10,000,000. This can be achieved by trading forex pairs, commodities, indices, stocks, and cryptocurrencies.
Who are Forex Prop Firm?
Forex Prop Firm is a proprietary trading firm incorporated in January 2022 with an official business name 9452-8635 Québec Inc. Their headquarters are located in Montreal, Canada. They allow their clients to work with an account with up to $200,000 capital, scaled up to $10,000,000. They have integrated their technology with a broker Eightcap, an ASIC-regulated broker in Melbourne, Australia.
Their principal place of business is at 288 Christin, J5z 4n1, Qc, Canada.
Who is the CEO of Forex Prop Firm?
Jonathan Dufresne is the CEO of Forex Prop Firm. Note that we will be adding more information about their CEO in the future. Stay tuned!
Video Review
Funding program options
Forex Prop Firm offers its traders four different programs to choose from:
- One-step Evaluation
- Two-step Evaluation (No Daily Drawdown during Evaluation)
- No Time Limit Two-step Evaluation
- Instant Funding
One-step Evaluation
Forex Prop Firm’s one-step evaluation program account requires traders to meet the evaluation requirements with no time limitations, where they are allowed to trade with up to 1:30 leverage.
| Account Size | Price |
|---|---|
| $25,000 | $209 |
| $50,000 | $319 |
| $100,000 | $549 |
| $200,000 | $999 |
The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily and 6% overall drawdown limit rules. During your evaluation period, you have no minimum or maximum trading day requirements, meaning that you can trade at your own pace without any additional time pressure.
By successfully completing the evaluation phase, you are awarded a funded account where you have a 5% profit target threshold to request a withdrawal. You are only required to respect the 4% maximum daily and 6% overall drawdown limit rules. You can request your first payout 30 calendar days after placing your first trade on your funded account and additionally having generated a profit of 5% or more. Keep in mind that you will start with a 90% profit split, which you will be able to scale all the way up to 100% by participating in the scaling plan. In addition, when you become eligible and request your first payout, you will also receive a bonus of 10% of the profit that you have generated during your evaluation period. After your first payout, you will be allowed to request your withdrawal on a bi-weekly basis, on the 1st and the 16th of each month. However, keep in mind that you only become eligible if you have generated a profit of 5% or more.
One-step evaluation program account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The profit target is 10%. Funded accounts have a 5% withdrawal profit target.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 6%.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Two-step Evaluation (No Daily Drawdown during Evaluation)
Forex Prop Firm’s two-step evaluation program account has the aim of identifying disciplined and talented traders who are rewarded for their consistency in the limited two-step evaluation period. The two-step evaluation program account allows traders to trade with up to 1:30 leverage. You should also keep in mind that you have no daily drawdown rules to follow while working with the two-step evaluation program account.
| Account Size | Price |
|---|---|
| $25,000 | $189 |
| $50,000 | $289 |
| $100,000 | $499 |
| $200,000 | $979 |
Evaluation step one requires a trader to reach a profit target of 8% while not surpassing their 12% maximum loss rule. You are only required to hit your profit target in 35 calendar days from the day you place your first position on your evaluation account. In addition, you also have a five minimum trading day requirement in order to proceed to step two.
Evaluation step two requires a trader to reach a profit target of 5% while not surpassing their 12% maximum loss rule. You are only required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. In addition, you also have a five minimum trading day requirement in order to proceed to funded status.
By successfully completing both evaluation steps, you are awarded a funded account where you have a 5% profit target threshold to request a withdrawal. You are only required to respect the 5% maximum daily and 10% maximum loss rules. You can request your first payout 30 calendar days after placing your first trade on your funded account and additionally having generated a profit of 5% or more. Keep in mind that you will start with a 90% profit split, which you will be able to scale all the way up to 100% by participating in the scaling plan. In addition, when you become eligible and request your first payout, you will also receive a bonus of 10% of the profit that you have generated during both evaluation steps. After your first payout, you will be allowed to request your withdrawal on a bi-weekly basis, on the 1st and the 16th of each month. However, keep in mind that you only become eligible if you have generated a profit of 5% or more.
Two-step evaluation program account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have a 5% withdrawal profit target.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. You have no maximum daily loss rule during both evaluation steps. However, once you reach funded status, all account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 12% during both evaluation steps. Once you reach funded status, all account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement, while on a funded account, you have no minimum trading day requirements.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 35 trading days period while phase 2 has a maximum of 60 trading days period.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
No Time Limit Two-step Evaluation
Forex Prop Firm’s no time limit two-step evaluation program account has the aim of identifying disciplined and talented traders who are rewarded for their consistency in an unlimited two-step evaluation period. The no time limit two-step evaluation program account allows traders to trade with up to 1:30 leverage.
| Account Size | Price |
|---|---|
| $25,000 | $209 |
| $50,000 | $319 |
| $100,000 | $549 |
| $200,000 | $999 |
Evaluation step one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of three trading days in order to proceed to step two.
Evaluation step two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of three trading days in order to proceed to funded status.
By successfully completing both evaluation steps, you are awarded a funded account where you have a 5% profit target threshold to request a withdrawal. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. You can request your first payout 30 calendar days after placing your first trade on your funded account and additionally having generated a profit of 5% or more. Keep in mind that you will start with a 90% profit split, which you will be able to scale all the way up to 100% by participating in the scaling plan. In addition, when you become eligible and request your first payout, you will also receive a bonus of 10% of the profit that you have generated during both evaluation steps. After your first payout, you will be allowed to request your withdrawal on a bi-weekly basis, on the 1st and the 16th of each month. However, keep in mind that you only become eligible if you have generated a profit of 5% or more.
No time limit two-step evaluation program account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10% while phase 2 has a profit target of 5%. Funded accounts have a 5% withdrawal profit target.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 3 minimum trading day requirement, while on a funded account, you have no minimum trading day requirements.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Instant Funding
Forex Prop Firm’s instant funding program account aims to identify experienced traders who are able to skip the evaluation period altogether and start earning from the start. Traders should only focus on not surpassing the 5% maximum daily loss and 5% overall drawdown limit rule. They will be awarded 80% up to 100% profit splits based on the profit they make while trading with up to 1:30 leverage. In addition, you should keep in mind that you have a five minimum trading day requirement and a 5% profit target before being eligible to request your first withdrawal. After your first payout, you will be allowed to request your withdrawal on a bi-weekly basis, on the 1st and the 16th of each month. However, keep in mind that you only become eligible if you have generated a profit of 5% or more.
| Account Size | Price |
|---|---|
| $10,000 | $500 |
| $25,000 | $1,250 |
| $50,000 | $2,500 |
| $100,000 | $5,000 |
| $200,000 | $10,000 |
Instant funding program account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Instant funding accounts have a 5% withdrawal profit target.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Instant funding accounts have a minimum trading requirement of 5 trading days before being eligible for your first payout.
- Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
- Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
In-depth Scaling Plan Presentation
What makes Forex Prop Firm different from other prop firms?
Forex Prop Firm differs from most industry-leading prop firms due to offering four different funding programs: One-step evaluation, two-step evaluation, no time limit two-step evaluation, and instant funding. They also have simple and straightforward trading rules, allowing you to trade during news releases and hold trades overnight, as well as during the weekend, while also being awarded a 10% profit split from your demo phases.
Compared to other prop firms, Forex Prop Firm’s one-step evaluation program is an evaluation program where you are required to complete one phase before being eligible for payouts. The profit target for the one-step evaluation program is 10%, with a 4% maximum daily loss and 6% maximum drawdown rules. Compared to other industry-leading prop firms, they have no minimum or maximum trading day requirements on their one-step evaluation programs, allowing traders to progress at their own pace. However, you have a requirement of generating a 5% profit before being eligible to receive a withdrawal.
Forex Prop Firm’s two-step evaluation program, on the other hand, is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 12% maximum drawdown rule. However, once you reach funded status, you have a 5% maximum daily and 10% maximum drawdown rules to follow. Compared to other industry-leading prop firms, they have no daily drawdown rule on their two-step evaluation programs, allowing traders to focus only on the maximum drawdown rule. However, you have a requirement of generating a 5% profit before being eligible to receive a withdrawal.
Example of comparison between Forex Prop Firm & True Forex Funds
| Trading objectives | Forex Prop Firm | True Forex Funds (Standard) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | None (5% once funded) | 5% |
| Maximum Loss | 12% (10% once funded) | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days |
| Profit Split | 90% up to 100% | 80% |
Example of comparison between Forex Prop Firm & E8 Funding
| Trading objectives | Forex Prop Firm | E8 Funding (Normal) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | None (5% once funded) | 5% |
| Maximum Loss | 12% (10% once funded) | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 90% up to 100% | 80% |
Example of comparison between Forex Prop Firm & FTMO
| Trading objectives | Forex Prop Firm | FTMO |
|---|---|---|
| Phase 1 Profit Target | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | None (5% once funded) | 5% |
| Maximum Loss | 12% (10% once funded) | 10% |
| Minimum Trading Days | 5 Calendar Days | 4 Calendar Days |
| Maximum Trading Period | Phase 1: 35 Calendar Days Phase 2: 60 Calendar Days | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 90% up to 100% | 80% up to 90% |
Forex Prop Firm’s no time limit two-step evaluation program is also a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily loss and 10% maximum drawdown rules. Compared to other industry-leading prop firms, they have no maximum trading day requirements for no time limit two-step evaluation program accounts, allowing traders to progress at their own pace. However, you have a requirement of generating a 5% profit before being eligible to receive a withdrawal.
Example of comparison between Forex Prop Firm & Funding Pips
| Trading objectives | Forex Prop Firm | Funding Pips |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 90% up to 100% | 80% up to 90% |
Example of comparison between Forex Prop Firm & Finotive Funding
| Trading objectives | Forex Prop Firm | Finotive Funding |
|---|---|---|
| Phase 1 Profit Target | 10% | 7.5% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 90% up to 100% | 75% up to 95% |
Example of comparison between Forex Prop Firm & FundedNext
| Trading objectives | Forex Prop Firm | FundedNext (Stellar) |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 3 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 90% up to 100% | 80% up to 90% |
Compared to other prop firms, Forex Prop Firm also has instant funding programs, which are direct funding programs. These accounts have a 5% maximum daily loss and a 5% maximum drawdown rule to follow. You also have a 5 minimum calendar day requirement while having no maximum trading day requirements. Another positive feature is that you start with profit splits of 80% up to 100% profit splits. However, you have a requirement of generating a 5% profit before being eligible to receive a withdrawal.
In conclusion, Forex Prop Firm is different from other industry-leading prop firms by offering four different funding programs. In addition, they also offer traders straightforward rules, which makes them a great choice for any trader. For example, you can trade during news, hold trades overnight, and during weekends. In addition, you are also awarded a 10% profit split from your demo phases.
Is getting Forex Prop Firm capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.
Receiving capital from the one-step evaluation program accounts is realistic mostly since they have an average profit target (10%) with average maximum loss rules (4% maximum daily and 6% maximum drawdown). You also have no minimum or maximum trading day requirements to complete the one-step evaluation. However, you have a 5% profit requirement before being eligible to receive a withdrawal.
Receiving capital from the two-step evaluation program accounts is realistic mostly since they have below-average profit targets (8% in phase one and 5% in phase two) with no daily drawdown and an above-average 12% maximum drawdown rules. However, once you reach funded status, you will be required to respect a 5% maximum daily and 10% maximum drawdown rules. Keep in mind that you have a maximum trading period of 35 calendar days in step one and 60 calendar days in step two while also being required to trade for a minimum of 5 calendar days in each evaluation step. In addition, you have a 5% profit requirement before being eligible to receive a withdrawal.
Receiving capital from the no time limit two-step evaluation program accounts is realistic mostly since they have average profit targets (10% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily loss and 10% maximum trailing drawdown). Keep in mind that you have no maximum trading day requirements while being required to trade for a minimum of 3 calendar days in each evaluation step. In addition, you also have a 5% profit requirement before being eligible to receive a withdrawal.
Receiving capital from the instant funding programs is also realistic since they are direct funding programs where you can start earning from the start. However, keep in mind that you have a 5% profit target to reach in order to become eligible to request a withdrawal, as well as a 5 minimum trading day requirement.
After considering all of that, Forex Prop Firm is an excellent choice to get funded since you have four different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts, despite the profit target threshold on each funding program’s funded stage.
Payment proof
Forex Prop Firm is a proprietary trading firm founded in January 2022. We can find a large amount of payment proof of their traders who managed to generate profits and become eligible for a profit split.
Keep in mind that after successfully reaching funded status with any of the four funding programs that Forex Prop Firm is offering, you will be eligible for your first payout in 30 calendar days. In addition, you should note that you are able to request a withdrawal on the 1st and the 16th of each month while also being able to generate a minimum profit of 5% to be eligible. Your payout will consist of a 90% profit split which can be increased up to 100% by engaging in Forex Prop Firm’s scaling plan.
Regarding payment proof, you can find numerous instances of Forex Prop Firm’s successful traders sharing their profit split certificated. You will be able to encounter a wide range of payment proof on their Discord as well as Telegram channels.
You can see some examples of payment proof below:
Which broker does Forex Prop Firm use?
Forex Prop Firm uses Eightcap as its broker.
Eightcap is an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.
As for trading platforms, they allow you to choose between Meta Trader 4 and MetaTrader 5.
Trading instruments
Forex Prop Firm allows traders worldwide to choose between a wide range of trading instruments which include forex pairs, commodities, indices, stocks, and cryptocurrencies with up to 1:100 leverage.
| FOREX: | AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD |
| AUD/USD | CAD/CHF | CAD/JPY | CHF/JPY | CNH/JPY | EUR/AUD |
| EUR/CAD | EUR/CHF | EUR/GBP | EUR/HKD | EUR/HUF | EUR/JPY |
| EUR/NOK | EUR/NZD | EUR/PLN | EUR/SGD | EUR/USD | EUR/TRY |
| GBP/AUD | GBP/CAD | GBP/CHF | GBP/JPY | GBP/NZD | GBP/SGD |
| GBP/USD | MXN/JPY | NOK/JPY | NZD/CAD | NZD/CHF | NZD/JPY |
| NZD/SGD | NZD/USD | USD/BRL | USD/CAD | USD/CHF | USDCNH |
| USD/DKK | USD/HUF | USD/JPY | USD/MXN | USD/NOK | USD/PLN |
| USD/SEK | USD/SGD | USD/THB | USD/TRY | USD/ZAR | ZAR/JPY |
| COMMODITIES: | XAG/USD | XAU/USD | XPT/USD | UKO/USD | USO/USD |
| INDICES: | AUS200 | CAN60 | EUSTX50 | FRA40 | GER30 |
| HK50 | JPN225 | NDX100 | NTH25 | SPX500 | USWI20 |
| UK100 | US2000 | US30 | VIX |
| CRYPTO: | AAVE/USD | ADA/USD | ATOM/USD | AVAX/USD | BCH/USD |
| BNB/USD | BTC/USD | CAKE/USD | DOT/USD | ETH/USD | FIL/USD |
| ICP/USD | LINK/USD | LTC/USD | LUNA/USD | SOL/USD | THETA/USD |
| TRX/USD | UNI/USD | XMR/USD | XRP/USD | ALGO/USD | AXS/USD |
| CEL/USD | COMP/USD | DSH/USD | EGLD/USD | ENJ/USD | EOS/USD |
| FLOW/USD | FTM/USD | GRT/USD | HBAR/USD | IOTA/USD | KSM/USD |
| MKR/USD | NEAR/USD | NEO/USD | PERP/USD | RUNE/USD | SUSHI/USD |
| WAVE/USD | XEM/USD | XTZ/USD | ZEC/USD | 1INCH/USD | ALCX/USD |
| ALPHA/USD | AR/USD | AUDIO/USD | BADGER/USD | BAND/USD | BNT/USD |
| CHR/USD | CLV/USD | CONV/USD | CREAM/USD | CRV/USD | DAWN/USD |
| DODO/USD | FIDA/USD | ICX/USD | KNC/USD | LRC/USD | MTL/USD |
| OMG/USD | ONT/USD | PAXG/USD | PROM/USD | PUNDIX/USD | QTUM/USD |
| RAY/USD | REN/USD | SAND/USD | SNX/USD | STMX/USD | STORJ/USD |
| SXP/USD | TOMO/USD | YFII/USD | YFI/USD | ZIL/USD | ZRX/USD |
| STOCKS: | AAPL | ABBV | ABT | ACN | ADBE |
| AMAT | AMD | AMGN | AMZN | ASML | AVGO |
| BAC | BBY | BHP_US | BMY | BNTX | BRK.A |
| CAT | CHTR | CMCSA | COST | CRM | CSCO |
| CVX | DAL | DHR | DIS | F | FB |
| FCX | GE | GM | GOOGL | GPS | GS |
| HD | HON | HOOD | INTC | INTU | ISRG |
| JNJ | JPM | KO | LIN_US | LUV | M |
| MA | MCD | MDT | MRK | MRNA | MSFT |
| MU | NE | NFLX | NKE | NVDA | NVO |
| NVS | ORCL | PDD | PEP | PZE | PG |
| PHM | PM | PYPL | QCOM | SAP_US | SBUX |
| SHOP | T | TM | TMO | TMUS | TSLA |
| TSM | TSN | TXN | UNH | USB | V |
| VUL | VZ | WFC | WMT | X | XOM |
| ZM |
Trading fees
Trading commission:
| Assets | Fee terms |
|---|---|
| FOREX | 7 USD / LOT |
| COMMODITIES | 0 USD / LOT |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Spread:
In order to check the live spreads login to the trading account below:
| Platform | Server | Login number | Password | Download platform |
|---|---|---|---|---|
| MetaTrader 4 | EightcapLtd-Demo2 | 20354897 | Ahsdgt636712#@ | Click here |
Education & Support for traders
Forex Prop Firm does not provide any educational content on its website. However, they do have a Blog section on their website, where you can find numerous interesting articles regarding prop trader experiences and other interesting topics.
While Forex Prop Firm doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind. To see the mentioned thread click here.
They also provide a well-structured dashboard that all of their clients can access, making it significantly easier to manage risk with all the trading objectives and statistics displayed in one place.
Traders’ Comments about Forex Prop Firm
Forex Prop Firm has excellent feedback from its community.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback, with an excellent score of 4.4/5 out of 549 reviews. They are very well known for offering excellent customer support assistance. Their team will provide you with assistance when you simply require additional information or if you encounter any issues while working with them.
One of their traders has shared a detailed comment providing feedback based on the experience he has had with Forex Prop Firm. He mentions their 90% profit share, which provides traders with additional motivation, knowing they will be able to withdraw 90% of all the profit that they generate. The second thing he praises is their fast customer service, which is active 24/7. And lastly, Forex Prop Firm’s simple and straightforward trading rules for all four funding models are designed to help traders succeed and grow together with the company.
Social media statistics
Forex Prop Firm can also be found on social media.
They have a:
- Instagram channel with 50,3k followers,
- TikTok account with 2,938 followers,
- Twitter account with 4,116 followers, and
- Youtube channel with 5,17k subscribers and 144 uploaded videos.
They also have a Telegram channel with 6,354 members and a Discord channel with 10,278 members.
Support
Forex Prop Firm has a FAQ section where you might find the information that you are looking for.
The support team is available on their social media, or you can directly contact them by emailing [email protected].
They also have active live chat support, where you can message them and get a reply. If they aren’t available, you will get an answer in 24 hours on your email.
You can also check out their Telegram and Discord channels, where the support team and the community will help if you require any support or face technical issues.
Conclusion
In conclusion, Forex Prop Firm is a legitimate proprietary trading firm that offers traders a chance to choose between four different funding programs: One-step evaluation, two-step evaluation, no time limit two-step evaluation, and instant funding.
The one-step evaluation program is an evaluation program where you are required to complete one phase before being eligible for payouts. You are required to hit a profit target of 10% without surpassing the 4% maximum daily loss and 6% maximum drawdown rules. With one-step evaluation programs, you can earn 90% up to 100% profit splits while also being able to scale your accounts up to $10,000,000 in capital. However, you have a 5% profit target requirement while funded in order to become eligible to request a withdrawal.
Two-step programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Forex Prop Firm requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded, which are realistic trading objectives considering you don’t have a maximum daily loss rule, only a 12% maximum drawdown rule to follow. Keep in mind that once you reach funded status, you will be required to respect a 5% maximum daily and 10% maximum drawdown rules. In addition, you should also note that you have a 5 minimum trading day requirement in each evaluation step while also having 35 calendar days to complete step one and 60 calendar days to complete step two. With two-step evaluation programs, you can earn 90% up to 100% profit splits while also being able to scale your accounts up to $10,000,000 in capital. However, you have a 5% profit target requirement while funded in order to become eligible to request a withdrawal.
No time limit two-step evaluation programs are also an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Forex Prop Firm requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum daily loss and 10% maximum drawdown rules to follow. In addition, you also have an unlimited trading period to complete both evaluation steps with a minimum trading day requirement of 3 calendar days during each step. With no time limit two-step evaluation programs, you can earn 90% up to 100% profit splits while also being able to scale your accounts up to $10,000,000 in capital. However, you have a 5% profit target requirement while funded in order to become eligible to request a withdrawal.
Instant funding programs are actually direct funding programs that allow you to skip the evaluation period and jump directly into trading a funded account. There are also no maximum trading day limitations to follow. With instant funding programs, you can earn 80% up to 100% profit splits while also being able to scale your accounts up to $10,000,000 in capital. However, you have a 5% profit target requirement while funded in order to become eligible to request a withdrawal.
I would recommend Forex Prop Firm to anyone who is looking for a prop firm with straightforward trading rules and doesn’t mind having a profit target on a funded account. They are a well-established proprietary trading firm that offers excellent conditions with four different funding programs to choose from that target a big pool of individuals with unique trading styles. After considering everything Forex Prop Firm has to offer, they have great potential to become one of the better proprietary trading firms in the industry.
This review about Forex Prop Firm was lastly updated on 02.11.2023 at 10:00 (CE(S)T).
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