FundYourFX Review (15% cashback)

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 offers traders to participate in their unique funded trader program.

Funded Trader Program

FundYourFX’s funded trader program is a unique funding program that has an assessment phase made out of four steps. This funded trader program allows you to trade with 1:100 leverage.

Step one requires a trader to apply for the funded trader program by filling up a form. They will ask you questions regarding your trading experience and strategy.

Step two is an interview. You are required to participate in an interview by phone, so they find out more about your trading experience.

Step three of the funded trader program will be receiving the results. You will receive your results within 24 hours if you have been approved. If approved, they will send you the contract for you to sort out the paperwork.

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, you will receive your login details for your funded account, and you will be able to start trading and earning profits on your account. Note that before you can start trading, you are required to make a payment of the one-time joining fee of £297. This one-time fee is to cover the setup of the account. license fees, administration costs, and risk management and analytics software.

By completing all four steps, sorting out the paperwork, and paying the one-time fee, you will be able to start trading on your $15,000 account and generating profits. Your main rule will be the 10% maximum loss, while you have no minimum or maximum trading day limitations. You will be able to withdraw your profits every time you hit your profit target of 10%. Your profit split will be 50% based on the profit you make on your funded account.

Funded Trader Program scaling plan

The funded trader program account also has a scaling plan. You are required to reach a profit target of 10%, which will allow you to withdraw your profit split and automatically increase your account balance by 50%. The scaling plan can continue steadily increasing until it reaches a cap of $1,000,000.

Trading instruments for the funded trader program are forex pairs, commodities, indices, and cryptocurrencies.

Funded Trader Program 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. You have a profit target of 10%, which is required for scaling and for you to request your withdrawal.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. The maximum loss limit is 10%.
• Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account. You are allowed to open 0.1 lots per $2,000 capital in your funded account. Example: $15,000 account can open a maximum position size of 0.75 lots.
• Stop-loss required means that traders must set a stop-loss on every position before they can open a trade. Note that a stop-loss should be set within 30 minutes after opening the position. If you are a scalper who opens and closes positions within a shorter time period than 30 minutes, you don’t need to set a stop-loss.
• 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.

What makes FundYourFX different from other prop firms?

FundYourFX is different from most industry-leading prop firms due to having a unique funded trader program with relaxed trading rules and almost no restrictions on your trading style.

Compared to other proprietary trading firms, FundYourFX offers a unique funded trader program that requires a four-step assessment with an interview with the trader so they can determine if he is qualified to manage the firm’s capital. The profit target of the funded trader program is 10% which allows the trader to request a withdrawal and scale his account balance by 50% each time that he acquires it.

In conclusion, FundYourFX is different from other industry-leading prop firms by offering a unique funded trader program. This funding program has straightforward rules with minimal limitations for the trader participating in it to follow.

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.

Receiving capital from the funded trader program is realistic if you are an experienced trader since all you have to do is introduce your track record and your trading strategy to them in an interview. After that, you have a chance to get approved and funded with no additional challenges to pass.

After considering all of that, FundYourFX is an excellent choice to get funded with since they are offering traders a funded trader program that has realistic trading objectives to follow and conditions to receive payouts.

Payment proof

There is currently no payment proof for the 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.

Trading fees

Trading commission:

Spread:

In order to check the live spreads login to the trading account below:

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 41 reviews.

Social media statistics

FundYourFX can also be found on social media.

They have a:

• Twitter account with 69 followers,
• Facebook page with 1,1k followers,
• Instagram account with 1,198 followers, and
• LinkedIn page with 899 followers.

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 work with a $15,000 account.

The funded trader program is a four-step assessment that requires an interview with the trader so they can determine if you are qualified to manage the firm’s capital. The profit target of the funded trader program is 10% which allows the trader to request a withdrawal and increase his account balance by 50% up to a maximum balance of $1,000,000.

I would recommend FundYourFX to anyone who is looking for a legitimate prop firm with relaxed trading rules with minimal limitations and who has a past track record of his trading since that is one of the requirements that an individual needs to get accepted. After considering everything FundYourFX has to offer, they are an attractive choice, mostly for individuals that are looking to acquire gains and slowly but steadily scale their accounts consistently.

This review about FundYourFX was lastly updated on 05.09.2022 at 08:25 (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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