FundYourFX Review (5% cashback)
3.8

FundYourFX Review (5% cashback)

FundYourFX strives for transparency to offer a win/win situation that benefits both the company and the traders. They provide capital to traders by being partnered with institutional clients.
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FundYourFX has honesty and fairness as part of their principles in business, meaning that they reward a trader’s hard work and good performance with the trader’s benefit in mind.

Pros
  • Real funded accounts
  • Up to $1,000,000 capital
  • Overnight and weekend holding allowed
  • News trading allowed
  • A large variety of trading instruments (forex pairs, commodities, indices, stocks, cryptocurrencies, etc.)
Cons
  • The website is missing a lot of crucial information
  • Almost no reviews
  • Relatively new prop firm

Traders at FundYourFX are encouraged to succeed in their careers. 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 up to 50%. They can achieve this by trading Forex pairs, commodities, indices, stocks, cryptocurrencies, etc.

Who are FundYourFX?

FundYourFX is a proprietary trading firm incorporated on the 16th of February, 2021. They are offering traders an opportunity to work with capital up to $1,000,000 in balance with profit splits of 50%.

They are located at Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX.

Funding program options

FundYourFX’s evaluation is quite different from others that we are used to in the proprietary trading firm industry.

Step one requires traders to apply for their funded trader program.

For step two you are invited for a phone interview so they find out more about an individual’s trading experience.

Step three is approval, where you will receive your results within 24h if you are approved or not. They will send you the contract and all the documents required to get started.

In step four, after your documents get accepted, you will receive your Login Details for your funded account and you will be able to start earning money.

After getting approved and funded, you are required to pay a one-time fee of £297 which will cover the setup of the account, license fees, administration costs, and their risk management and analytics software. You receive $15,000 of the company’s capital to start trading. You are eligible to profit splits of 50% on your profits and have a chance to participate in their scaling plan. You can request a scale-up of your account capital every time you reach a gain of 10%. Your account balance will be doubled up to a maximum of $1,000,000 capital.

Your main rule that you cannot surpass is their fixed maximum drawdown limit of 10%. Other rules that you should consider are their maximum trading size limit, stop-loss requirement, and stop-loss limit. However, you are allowed to trade on MetaTrader 4 while also being allowed to trade during news, and hold trades overnight and during the weekends.

What makes FundYourFX different from other prop firms?

FundYourFX is different from most industry-leading prop firms due to having a unique four-step verification and relaxed trading rules with almost no restrictions. For example, you can trade during news, hold trades overnight, and during the weekends.

FundYourFX offers $15,000 accounts that an individual can acquire through 4-step verification. Compared to other prop firms, this is a significant difference. Step one requires traders to apply for their funded trader program. In step two, you are invited for a phone interview so they find out more about an individual’s trading experience. Step three is approval, where you will receive your results within 24h if you are approved or not. They will send you the contract and all the documents required to get started. In the last step, after your documents get accepted, you will receive your Login Details for your funded account and you will be able to start earning money.

In conclusion, many different strategies can acquire funding from FundYourFX due to their relaxed trading rules with almost no restrictions. The main focus should be on hitting the profit target without surpassing the maximum drawdown rule, and respecting the maximum trading size limit, stop-loss requirement, and stop-loss limit.

Is getting FundYourFX 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, FundYourFX is an excellent choice to get funded with since you can ignore all the parameters mentioned above. The only thing that matters is your track record to become eligible for their live trading funded account.

The rules for the funded accounts and their scaling are realistic since the profit target is 10%, with a maximum drawdown limit of 10%. The only other thing you should consider is the following rules: maximum trading size limit, stop-loss requirement, and stop-loss limit.

Weekend holding, overnight holding, and news trading are also allowed, which is excellent for Day Traders and Swing Traders looking for capital up to $1,000,000.

Payment proof

There is currently no payment proof for FundYourFX prop firm. It will get updated in the future when we find any evidence.

Which broker does FundYourFX use?

FundYourFX doesn’t trade with common broker brands. They are partnered with an institutional liquidity provider that allows them to benefit from deep liquidity in the market with no commissions or swaps on trades and tight spreads.

As for trading platforms, you are allowed to trade on MetaTrader 4.

Trading instruments

FundYourFX allows you to trade forex pairs, commodities, indices, stocks, cryptocurrencies, etc.

A spreadsheet of all the trading instruments will be added when we receive the information.

Education & Support for traders

FundYourFX does not provide any educational content on its website.

They don’t have a thread on ForexFactory.

Traders’ comments about FundYourFX

FundYourFX has excellent feedback from reviews.

On Trustpilot, they have a score of 4.6/5 out of 23 reviews.

Social media statistics

FundYourFX can also be found on social media.

They have a:

Support

FundYourFX has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email info@fundyourfx.com.

You can contact FundYourFX for further information through telephone number +44 124 92812 221. 

Conclusion

In conclusion, FundYourFX is a legitimate proprietary trading firm offering live funding to traders after checking their past track record performances. After getting approved and funded, you are required to pay a one-time fee to manage an account with $15,000 capital.

They also offer an attractive scaling plan that allows you to double and withdraw your capital every time you reach a profit target of 10%. You can manage a maximum allocation capital of $500,000. The main rules you are required to follow while working with FundYourFX are the maximum drawdown limit of 10%, maximum trading size limit, stop-loss requirement, and stop-loss limit.

This review about FundYourFX was lastly updated on 05.05.2022 at 12:24 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does FundYourFX have the instruments that you want to trade?

Let us know if you enjoyed our FundYourFX Proprietary Trading firm review!

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FundYourFX Review (5% cashback) Details

Trading platform
Deposit Methods
Withdrawal Methods
Account Size
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size:
$15,000
FundYourFX Account
*Apply for an account and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
3.0
Customer Support
3.8 Overall Rating

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