Funded Academy aims to change the online prop funding industry for the better. They hope to make it a more competitive environment, allowing traders to get the best funding.
- A real account with real funds
- Leverage 1:10
- Profit splits of 70%
- Extended account balance up to $1,000,000
- Bi-weekly payouts
- Overnight holding allowed
- Weekend holding allowed
- News trading allowed
- Lots size limits
- No free trial
Traders at Funded Academy are encouraged to become successful traders. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $1,000,000 and taking home profit splits of 70%. They can achieve this by trading Forex pairs, gold, indices, and cryptocurrencies.
Who are Funded Academy?
Funded Academy is a proprietary firm incorporated on the 29th of July, 2021. They have offices located in New South Wales, Australia while offering traders capital up to $1,000,000 in balance with 70% profit splits. They are partnered with TradersWay, FxChoice, and Tc Bridge as their brokers which you can choose from for the Aggressive challenge accounts. While for extended accounts, they have another broker, which is EightCap.
Their headquarters are located at 68 TOROKINA AVENUE St Ives New South Wales 2075 Australia.
You can see Funded Academy’s certificate of registration for their company in the picture below:
Funding program options
Funded Academy is offering their traders extended accounts.
Prices for extended accounts:
- $25,000 account for $200
- $50,000 account for $400
- $100,000 account for $725
- $250,000 account for $1,800
- $500,000 account for $3,550
- $1,000,000 account for $7,100
An extended account requires completing one stage to be eligible to become a funded account.
The evaluation stage requires you to hit a profit target of 10% with no maximum trading period or minimum trading days rule to follow. You have to follow the only two rules: the 4% daily and the 5% total drawdown.
Upon successful completion, you are awarded a funded account and become eligible for 70% profit splits. The only restriction you have to respect is the 4% daily and 5% total drawdown.
The leverage you are working with through the evaluation stage and when you become funded is 10:1.
What makes Funded Academy different from other prop firms?
Funded Academy is different from most industry-leading prop firms due to their program offers being a classic 2-stage challenge as well as an extended account program. They provide real accounts with real funds and not demos.
Funded Academy offers an extended program, which requires a one-stage evaluation completion where you can manage accounts from $25,000 up to $1,000,000. Your only requirement is to hit the 10% profit target without hitting the 4% daily or 5% total drawdown limits.
In conclusion, funding from Funded Academy can be acquired by many different traders due to the various trading strategies they can use. You should focus on fulfilling the profit target while not exceeding the daily and total drawdown limits.
Is getting Funded Academy 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.
After considering all of that, Funded Academy is an excellent choice to get funded with. This is since you can choose the program that best suits you. You can go for the extended account size from $25,000 up to $1,000,000, depending on your personal preference.
The rules for extended accounts are more strict sense it is a one-stage challenge, but they are still very realistic with proper risk management. Your profit target is 10%, with your only two limitations being 4% daily and 5% total drawdown.
Funded Academy was incorporated on the 29th of July, 2021. They offer bi-weekly payouts for their funded challenge accounts and monthly payouts for their funded extended accounts.
Which broker does Funded Academy use?
TradersWay is dedicated to spreading the values of free, limitless trading globally. They provide their clients with the widest opportunities available in financial markets.
FxChoice is dedicated to its ethical business commitment and affording its clients with award-winning and friendly customer service.
Tc Bridge was launched a year after Traders Central to give traders better liquidity, spreads, and executions. The idea to become their own brokerage came from painful experiences with other brokers and firms.
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 their clients.
As for trading platforms, you can choose from the following:
Funded Academy allows you to trade forex pairs, indices, cryptocurrencies, and gold on the 2-stage challenge with a 200:1 leverage. They allow you to trade forex pairs, indices, cryptocurrencies, stocks, and gold on extended accounts.
Education & Support for traders
Funded Academy does not provide any educational content on its website.
To see the mentioned thread click here.
Traders comments about Funded Academy
Funded Academy has great feedback from their reviews.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 3.9/1 out of 21 reviews.
A vast majority of their community gives positive feedback when mentioning their support team and their prompt and helpful responses.
Another comment stated that even though Funded Academy is still a relatively new prop firm, they show signs of promise to establish themselves as one of the best in the prop industry business.
Social media statistics
Funded Academy can also be found on social media, but they have a limited number of platforms.
The support team is available on their social media, or you can directly contact them on their email Hello@funded.academy.
You can also contact them with your message on their website by clicking here.
In conclusion, Funded Academy is a legitimate proprietary firm offering funding through a one-stage extended account from $25,000 up to $1,000,000 in balance.
The one-stage extended account is harder to achieve, but you have the potential to manage a $1,000,000 account instantly after reaching a 10% profit target. The hard part is the 4% daily and 5% total drawdown, but it is doable with proper risk management.
I would recommend Funded Academy to anyone who is reaching consistent results as a trader, primarily because of their potential to work with up to $1,000,000 in funding by hitting a 10% profit target.
This review about Funded Academy was lastly updated on 05.05.2022 at 14:00 (CE(S)T).
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