Forex Prop Firm Review (40% discount code: FOREXPROPREVIEWS)
4.3

Forex Prop Firm Review (40% discount code: FOREXPROPREVIEWS)

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 six different funding programs to traders worldwide. They offer a unique scaling plan that allows traders to manage up to $10,000,000 in capital.
Home » Forex Prop Firm Review (40% discount code: FOREXPROPREVIEWS)
Pros
  • Excellent Trustpilot Rating of 4.3/5
  • Six Unique Funding Programs
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
  • No Minimum Trading Day Requirements with One-step Challenge
  • No Maximum Trading Period (Except Two-step Challenge)
  • No Maximum Daily Drawdown During Two-step Challenge Evaluation Phases
  • Scaling Plan
  • Bi-weekly Payouts
  • Profit Share of 80% up to 100%
  • 10% Profit Split From Demo Phases
  • Overnight & Weekend Holding Allowed
  • News Trading Allowed
Cons
  • Withdrawal Requirement of 5%
  • Equity-based Drawdown on All Funding Programs
  • Low Leverage up to 1:30 on All Funding Programs
  • First Payout After 30 Days
  • Minimum Trading Day Requirements with One-step & No Time Limit Two-step Challenges & Instant Funding
  • Maximum Trading Period with Two-step Challenge

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 six unique funding programs. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $400,000 and receive up to 100% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are Forex Prop Firm?

Forex Prop Firm is a proprietary trading firm with the legal name FPF s.r.o. that was incorporated in January 2022. They are located in Montreal, Canada, and are being managed by CEO Jonathan Dufresne. Forex Prop Firm provides traders with the opportunity to choose between six account types, a one-step evaluation, two two-step evaluations, and three instant funding programs while being partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

Forex Prop Firm’s headquarters are located 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 provides its traders with six unique funding program options:

  • One-step Challenge
  • Two-step Challenge
  • No Time Limit Two-step Challenge
  • Instant Funding
  • Advanced Instant Funding
  • Pro Instant Funding

One-step Challenge

Forex Prop Firm’s One-step Challenge provides traders with the opportunity to manage account sizes ranging from $10,000 up to $400,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The One-step Challenge allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$94
$25,000$209
$50,000$319
$100,000$549
$200,000$999
$400,000$1,899

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 6% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 10% profit target without breaching the maximum daily or maximum loss limit rules.

By completing the evaluation phase, you are awarded a funded account where you have a minimum withdrawal amount of 5% of the initial account balance. You must only respect the 4% maximum daily loss and 6% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 90% up to 100% based on the profit you make on your funded account. In addition, you will also receive a 10% profit share based on the profit you make in the evaluation phase with your first payout.

One-step Challenge Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 6%.
  • No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities.

Two-step Challenge

Forex Prop Firm’s Two-step Challenge provides traders the opportunity to manage account sizes ranging from $10,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Challenge allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$124
$25,000$249
$50,000$389
$100,000$679
$200,000$1,239
$400,000$2,399

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 12% maximum loss rule. When it comes to time limitations, note that you have 35 calendar days to reach the profit target during phase one. Additionally, you are also required to trade for a minimum of 5 calendar days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 12% maximum loss rule. When it comes to time limitations, note that you have 60 calendar days to reach the profit target during phase two. Additionally, you are also required to trade for a minimum of 5 calendar days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have a minimum withdrawal amount of 5% of the initial account balance. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 90% up to 100% based on the profit you make on your funded account. In addition, you will also receive a 10% profit share based on the profit you make in each evaluation phase with your first payout.

Two-step Challenge Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5% once funded, while evaluation accounts have no maximum daily loss rule.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 12% during the evaluation and a maximum loss of 10% once funded.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 5 days.
  • Maximum Trading Period – The maximum trading duration during which you must reach your required profit target and conclude your evaluation phase. The evaluation has a maximum trading period of 35 calendar days for phase one and 60 calendar days for phase two.
  • No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities.

No Time Limit Two-step Challenge

Forex Prop Firm’s No Time Limit Two-step Challenge provides traders the opportunity to manage account sizes ranging from $10,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The No Time Limit Two-step Challenge allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$94
$25,000$209
$50,000$319
$100,000$549
$200,000$999
$400,000$1,899

Evaluation phase 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 phase two.

Evaluation phase 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 a funded account.

By completing both evaluation phases, you are awarded a funded account where you have a minimum withdrawal amount of 5% of the initial account balance. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 90% up to 100% based on the profit you make on your funded account. In addition, you will also receive a 10% profit share based on the profit you make in each evaluation phase with your first payout.

No Time Limit Two-step Challenge Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 3 days.
  • No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities.

Instant Funding

Forex Prop Firm’s Instant Funding provides traders with the opportunity to manage account sizes ranging from $10,000 up to $400,000. The aim is to allow traders to skip the evaluation altogether and start earning from the start. Instant Funding allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$500
$25,000$1,250
$50,000$2,500
$100,000$5,000
$200,000$10,000
$400,000$20,000

By purchasing Instant Funding, you are awarded a funded account with a minimum withdrawal amount of 5% of the initial account balance and a minimum trading day requirement of 5 days. You must also respect the 5% maximum daily and 5% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 80% up to 100% based on the profit you make on your funded account.

Instant Funding Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 5%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase or requesting a withdrawal. Funded Accounts have a minimum trading requirement of 5 trading days before becoming eligible for a payout.

Advanced Instant Funding

Forex Prop Firm’s Advanced Instant Funding provides traders with the opportunity to manage account sizes ranging from $10,000 up to $100,000. The aim is to allow traders to skip the evaluation altogether and start earning from the start. Instant Funding allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$300
$25,000$750
$50,000$1,500
$100,000$3,000

By purchasing Advanced Instant Funding, you are awarded a funded account with a minimum withdrawal amount of 5% of the initial account balance and a minimum trading day requirement of 5 days. You must also respect the 5% maximum daily and 5% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 50% based on the profit you make on your funded account.

Advanced Instant Funding Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 5%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase or requesting a withdrawal. Funded Accounts have a minimum trading requirement of 5 trading days before becoming eligible for a payout.

Pro Instant Funding

Forex Prop Firm’s Pro Instant Funding provides traders with the opportunity to manage account sizes ranging from $10,000 up to $100,000. The aim is to allow traders to skip the evaluation altogether and start earning from the start. Instant Funding allows you to trade with up to 1:30 leverage.

Account SizePrice
$10,000$200
$25,000$500
$50,000$1,000
$100,000$2,000

By purchasing Pro Instant Funding, you are awarded a funded account with a minimum withdrawal amount of 5% of the initial account balance and a minimum trading day requirement of 5 days. You must also respect the 5% maximum daily and 5% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 20% based on the profit you make on your funded account.

Advanced Instant Funding Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. Funded accounts have a 5% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 5%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase or requesting a withdrawal. Funded Accounts have a minimum trading requirement of 5 trading days before becoming eligible for a payout.

Scaling Plan

All six funding programs of Forex Prop Firm have a scaling plan. If a trader manages to reach a 10% profit target, you will be able to scale your account to the next available account size. Please note that if you decide to scale your account, you will be required to forfeit your profits.

What Makes Forex Prop Firm Different From Other Prop Firms?

Forex Prop Firm differs from most industry-leading prop firms due to offering six unique account types: a one-step evaluation, two two-step evaluations, and three instant funding programs. In addition, they also provide numerous favorable features, such as an unlimited trading period (except Two-step Challenge), no minimum trading day requirements (One-step Challenge), no maximum daily drawdown during evaluation phases (Two-step Evaluation), no evaluation phases (Instant Funding), bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from demo phases (except Instant Funding).

Forex Prop Firm’s One-step Challenge is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 4% maximum daily and 6% maximum loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. The One-step Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the One-step Challenge stands out mainly for having no minimum trading day requirements, bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from the demo phase.

Example of comparison between Forex Prop Firm & SurgeTrader

Trading ObjectivesForex Prop FirmSurgeTrader
Profit Target10%10%
Maximum Daily Loss4%5%
Maximum Loss6%8% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split90% up to 100%75% (90% with Add-on)

Example of comparison between Forex Prop Firm & Blue Guardian

Trading ObjectivesForex Prop FirmBlue Guardian
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split90% up to 100%85%

Example of comparison between Forex Prop Firm & MyFundedFX

Trading ObjectivesForex Prop FirmMyFundedFX
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split90% up to 100%80% up to 92.75%

Forex Prop Firm’s Two-step Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 12% maximum loss rule during evaluation phases and a 5% maximum daily and 10% maximum loss rule once funded. You also have a 5 minimum trading day requirement during both evaluation phases, as well as a maximum trading period of 35 calendar days in phase one and 60 calendar days in phase two. The Two-step Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Two-step Challenge stands out mainly for having no maximum daily drawdown during evaluation phases, bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from demo phases.

Example of comparison between Forex Prop Firm & True Forex Funds

Trading ObjectivesForex Prop FirmTrue Forex Funds (Standard)
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily LossNone (5% once funded)5%
Maximum Loss12% (10% once funded)10%
Minimum Trading Days5 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: 35 Calendar Days
Phase 2: 60 Calendar Days
Phase 1: 30 Calendar Days
Phase 2: 60 Calendar Days
Profit Split90% up to 100%80%

Example of comparison between Forex Prop Firm & E8 Markets

Trading ObjectivesForex Prop FirmE8 Markets
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%4%
Maximum Daily LossNone (5% once funded)4%
Maximum Loss12% (10% once funded)8% (Scaleable up to 14%)
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: 35 Calendar Days
Phase 2: 60 Calendar Days
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split90% up to 100%80%

Example of comparison between Forex Prop Firm & FTMO

Trading ObjectivesForex Prop FirmFTMO
Phase 1 Profit Target8%10%
Phase 2 Profit Target5%5%
Maximum Daily LossNone (5% once funded)5%
Maximum Loss12% (10% once funded)10%
Minimum Trading Days5 Calendar Days4 Calendar Days
Maximum Trading PeriodPhase 1: 35 Calendar Days
Phase 2: 60 Calendar Days
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split90% up to 100%80% up to 90%

Forex Prop Firm’s No Time Limit Two-step Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 3 calendar days in each evaluation phase. Timeless Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Timeless Funding stands out mainly for having an unlimited trading period, bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from demo phases.

Example of comparison between Forex Prop Firm & Funding Pips

Trading objectivesForex Prop FirmFunding Pips
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5% (Scaleable up to 7%)
Maximum Loss10%10% (Scaleable up to 14%)
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split90% up to 100%80% up to 90%

Example of comparison between Forex Prop Firm & Finotive Funding

Trading objectivesForex Prop FirmFinotive Funding
Phase 1 Profit Target10%7.5%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split90% up to 100%75% up to 95%

Example of comparison between Forex Prop Firm & FundedNext

Trading objectivesForex Prop FirmFundedNext (Stellar)
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days3 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split90% up to 100%80% up to 95%

Forex Prop Firm’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There is a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules. You also have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to become eligible for a payout. Instant Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Instant Funding stands out mainly for having an unlimited trading period, no evaluation phases, bi-weekly withdrawals, and a profit split of up to 100%.

Example of comparison between Forex Prop Firm & Finotive Funding

Trading ObjectivesForex Prop FirmFinotive Funding (Standard)
Profit Target❌ (5% for Withdrawal)
Maximum Daily Loss5%5%
Maximum Loss5%8%
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 100%55% up to 75%

Example of comparison between Forex Prop Firm & City Traders Imperium

Trading ObjectivesForex Prop FirmCity Traders Imperium
Profit Target❌ (5% for Withdrawal)
Maximum Daily Loss5%
Maximum Loss5%6%
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 100%60% up to 100% + Monthly Salary

Forex Prop Firm’s Advanced Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There is a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules. You also have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to become eligible for a payout. Advanced Instant Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Advanced Instant Funding stands out mainly for having an unlimited trading period, no evaluation phases, bi-weekly withdrawals, and slightly more affordable prices.

Forex Prop Firm’s Pro Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There is a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules. You also have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to become eligible for a payout. Pro Instant Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Pro Instant Funding stands out mainly for having an unlimited trading period, no evaluation phases, bi-weekly withdrawals, and affordable prices.

In conclusion, Forex Prop Firm differs from other industry-leading prop firms by offering six unique account types: a one-step evaluation, two two-step evaluations, and three instant funding programs. In addition, they also provide numerous favorable features, such as an unlimited trading period (except Two-step Challenge), no minimum trading day requirements (One-step Challenge), no maximum daily drawdown during evaluation phases (Two-step Evaluation), no evaluation phases (Instant Funding), bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from demo phases (except Instant Funding).

Is Getting Forex Prop Firm Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the One-step Challenge is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily and 6% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 90% up to 100%.
  • Receiving capital from the Two-step Challenge is realistic primarily due to its below-average profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (no maximum daily and 12% maximum loss during evaluation phases and 5% maximum daily and 10% maximum loss once funded). It is important to note that there is a maximum trading period of 35 calendar days in phase one and 60 calendar days in phase two, with a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 90% up to 100%.
  • Receiving capital from the No Time Limit Two-step Challenge is realistic primarily due to its average profit targets (10% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 3 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 90% up to 100%.
  • Receiving capital from Instant Funding is realistic primarily due to an average 5% profit target requirement for withdrawals coupled with average maximum loss rules (5% maximum daily and 5% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 80% up to 100%.
  • Receiving capital from Advanced Instant Funding is realistic primarily due to an average 5% profit target requirement for withdrawals coupled with average maximum loss rules (5% maximum daily and 5% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 50%.
  • Receiving capital from Pro Instant Funding is realistic primarily due to an average 5% profit target requirement for withdrawals coupled with average maximum loss rules (5% maximum daily and 5% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 20%.

After considering all the factors, Forex Prop Firm is recommended since you have six unique funding programs to choose from, a one-step evaluation, two two-step evaluations, and three instant funding programs, which all feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

Forex Prop Firm is a proprietary trading firm that was incorporated in January 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with Forex Prop Firm and reaching funded status with the One-step Challenge, Two-step Challenge, or No Time Limit Two-step Challenge, you will be eligible to receive your first payout after reaching a withdrawal target of 5%. However, after your first payout, you will also be eligible to receive payouts if you meet the 5% withdrawal target every 14 calendar days. Your profit split will consist of a generous 90% up to 100% based on the profit that you have generated on your funded One-step Challenge, Two-step Challenge, or No Time Limit Two-step Challenge.

However, while working with Forex Prop Firm and reaching funded status with the Instant Funding, Advanced Instant Funding, or Pro Instant Funding, you will be eligible to receive your first payout after 30 calendar days and after reaching a withdrawal target of 5%. However, after your first payout, you will also be eligible to receive payouts if you meet the 5% withdrawal target every 14 calendar days. Your profit split will consist of a generous 80% up to 100% based on the profit that you have generated on your Instant Funding program, 50% on your Advanced Instant Funding program, and 20% on your Pro Instant Funding program.

When it comes to Forex Prop Firm payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof for Forex Prop Firm is their Discord, Telegram, and YouTube channels, where you can find numerous trader interviews and payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does Forex Prop Firm Use?

Forex Prop Firm doesn’t trade with any of the common broker brands. They are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions.

As for trading platforms, while working with Forex Prop Firm, they allow you to trade on MetaTrader 4 or MetaTrader 5.

Trading Instruments

As mentioned above, Forex Prop Firm is partnered with a tier-1 liquidity provider with the best simulated real market trading conditions, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, and cryptocurrencies with a leverage of up to 1:30, depending on the trading instrument that you are trading.

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/USDCAD/CHFCAD/JPY
CHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPY
EUR/USDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/USD
USD/CADUSD/CHFUSD/JPYAUD/NZDAUD/SGDEUR/HUF
EUR/NOKEUR/NZDEUR/PLNEUR/TRYGBP/NZDNZD/CAD
NZD/CHFNZD/JPYSGD/JPYUSD/DKKUSD/HKDUSD/HUF
USD/MXNUSD/NOKUSD/PLNUSD/SEKUSD/SGDUSD/TRY
USD/ZARUSD/THBUSD/BRLZAR/JPYMXN/JPYNOK/JPY
CNH/JPYEUR/SGDGBP/SGDNZD/SGDEUR/HKDUSD/CNH
AUD/CNH

Commodities

XAG/USDXAU/USDXPT/USDXZT/USDXNI/USD
XAU/JPYXAU/EURXAU/AUDXAU/GBPXPD/USD
XAG/EURXAG/JPYUKO/USDUSO/USD

Indices

ASX200EUSTX50FRA40GER30NDX100
UK100US30SPX500JPN225HK50
VIXUS2000USDXSWI20NTH25
CAN60

Cryptocurrencies

BTC/USDETH/USDLTC/USDBCH/USDXRP/USD
XLM/USDADA/USDTRX/USDAVAX/USDBNB/USD
DOGE/USDDOT/USDFIL/USDICP/USDLINK/USD
MATIC/USDSOL/USDUNI/USDVET/USDSHIB/USD
XMR/USDEOS/USDAAVE/USDALGO/USDATOM/USD
AXS/USDCAKE/USDEGLD/USDFLOW/USDGRT/USD
IOTA/USDMKR/USDNEO/USDRUNE/USDSTX/USD
THETA/USDXTZ/USDMANA/USDARB/USDETC/USD
IMX/USDINJ/USDDSH/USDALCX/USD1INCH/USD
ALPHA/USDAR/USDAUDIO/USDBADGER/USDBAL/USD
BAND/USDBAT/USDBNT/USDCHR/USDCLV/USD
CREAM/USDCRV/USDDENT/USDDODO/USDENJ/USD
FIDA/USDFLM/USDFTM/USDHBAR/USDICX/USD
KNC/USDLINA/USDLRC/USDMTL/USDNEAR/USD
OMG/USDONT/USDPAXG/USDPERP/USDPROM/USD
PUNDIX/USDQTUM/USDRAY/USDREEF/USDREN/USD
SAND/USDSNX/USDSTMX/USDSTORJ/USDSXP/USD
WAVES/USDXEM/USDZIL/USDZRX/USDCHZ/USD
COMP/USDHOT/USDKSM/USDSUSHI/USDZEC/USD
APT/USDLDO/USDAPE/USDQNT/USDAGIX/USD
GALA/USDRNDR/USDFET/USDBLUR/USDCFX/USD
FXS/USDGNO/USDKLAY/USDLUNC/USDMINA/USD
OSMO/USDPEPE/USDROSE/USDSUI/USDXEC/USD
WBTC/USDGMX/USDBTTC/USDTWT/USDNEXO/USD
ASTR/USDMASK/USDCVX/USDTFUEL/USDCELO/USD
ENS/USDDYDX/USD

As mentioned above, Forex Prop Firm also allows you to trade a wide range of stocks. To view the full list, please refer to the Spread Account below, which will enable you to log into the MetaTrader 5 trading platform and view the complete list of available stocks.

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX 4.5 USD / LOT
COMMODITIES 4.5 USD / LOT
INDICES 0.45 USD / LOT
STOCKS 0 USD / LOT
CRYPTO 4.5 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
MetaTrader 5CBT-Limited1500093Rt2$RuAn(fClick here

Education

Forex Prop Firm provides its community with a detailed Media section with educational content, such as the following five categories:

  • Traders Interview
  • Top Reviews
  • Payout Proofs
  • FAQs
  • Announcements

Additionally, Forex Prop Firm also provides its community with a detailed Blog with educational content.

Lastly, Forex Prop Firm offers all clients access to a well-organized dashboard, simplifying risk management by consolidating trading objectives and statistics in one easily accessible location.

Trustpilot Feedback

Forex Prop Firm has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, Forex Prop Firm has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.3 out of 5 from a substantial pool of 661 reviews. Notably, 83% of these reviews have awarded Forex Prop Firm the highest rating of 5 stars.

The first comment shows that the client is satisfied with Forex Prop Firm, considering it a great Forex funding company. They highlight the swift provision of login credentials within 48 hours after passing the two-step evaluation. The client appreciates the unique practice of allowing an immediate agreement signing upon purchasing the challenge and receiving a certificate upon successfully passing the challenge. Overall, they express no regrets about working with this prop firm.

The client praises Forex Prop Firm as an amazing prop firm, emphasizing their timely and helpful responses to questions, making the process straightforward. Upon passing, they commend the quick outreach and prompt establishment of the live account, expressing love for the company.

Social Media Statistics

Forex Prop Firm can also be found on numerous social media platforms.

Instagram51,100 Followers
Twitter9,456 Followers
YouTube15,300 Subscribers
Telegram2,748 Members
Discord16,958 Members

Customer Support

Live Chat
Email[email protected]
Phone
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Help Center
WhatsApp
Messenger
Supported LanguagesEnglish

Account Opening Process

  • Registration Form – Register with Forex Prop Firm by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your account type.
  • Choose Your Account Size – Choose your account size.
  • Choose Your Payment Method & Apply Discount Code – Choose between a credit/debit card and a cryptocurrency payment method and apply our discount code FOREXPROPREVIEWS and enjoy a 40% discount. Please note that Advanced Instant Funding and Pro Instant Funding have no available discounts.

Conclusion

In conclusion, Forex Prop Firm is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between six funding programs: the One-step Challenge, which is a one-step evaluation, the Two-step and No Time Limit Two-step Challenges, which are two-step evaluations, and Instant Funding, Advanced Instant Funding, and Pro Instant Funding, which are direct funding programs.

Forex Prop Firm’s One-step Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 90% up to 100% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the One-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

Forex Prop Firm’s Two-step Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 90% up to 100% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have no maximum daily and 12% maximum loss rules to follow during the evaluation and a 5% maximum daily and 10% maximum loss rules once funded. Regarding time limitations, you have a 5 minimum trading day requirement during both evaluation phases, as well as a maximum trading period of 35 calendar days in phase one and 60 calendar days in phase two. Finally, it’s essential to note that the Two-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

Forex Prop Firm’s No Time Limit Two-step Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 90% up to 100% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 3 calendar days in each evaluation phase. Finally, it’s essential to note that No Time Limit Two-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

Forex Prop Firm’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning 80% up to 100% profit splits from the start. Traders have a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules, which are realistic trading objectives. Regarding time limitations, you have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to qualify for a payout. Finally, it’s essential to note that Instant Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

Forex Prop Firm’s Advanced Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning 50% profit splits from the start. Traders have a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules, which are realistic trading objectives. Regarding time limitations, you have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to qualify for a payout. Finally, it’s essential to note that Advanced Instant Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

Forex Prop Firm’s Pro Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning 20% profit splits from the start. Traders have a 5% withdrawal requirement, with a 5% maximum daily and 5% maximum loss rules, which are realistic trading objectives. Regarding time limitations, you have no maximum trading day requirements. However, you are required to trade for a minimum of 5 calendar days to qualify for a payout. Finally, it’s essential to note that Pro Instant Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend Forex Prop Firm to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with special features, such as an unlimited trading period (except Two-step Challenge), no minimum trading day requirements (One-step Challenge), no maximum daily drawdown during evaluation phases (Two-step Evaluation), no evaluation phases (Instant Funding), bi-weekly withdrawals, a profit split of up to 100%, and a 10% profit share from demo phases (except Instant Funding). After considering everything Forex Prop Firm offers to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of Forex Prop Firm was last updated on 10.04.2024 at 12:06 (CE(S)T).

What are your individual opinions on Forex Prop Firm and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed Forex Prop Firm review by commenting below!

Forex Prop Firm Review (40% discount code: FOREXPROPREVIEWS) Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Incorporation
Account size up to:
$400,000
Use code for 40% discount & 150% refundable fee: FOREXPROPREVIEWS
*Choose your account type and start trading
4.0
Fees
4.0
Trading Platforms
4.0
Deposit and withdrawal
5.0
Customer Support
4.3 Overall Rating

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