OFP Review (15% Discount Code: FOREXPROPREVIEWS)

OFP is a proprietary trading firm that understands the inherent challenges of trading. To address this, they have introduced a genuine instant funding program, offering participants a range of benefits to support them in their trading journey. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, cryptocurrencies, and bonds.

Who are OFP?

OFP is a proprietary trading firm with the legal name FINTEKNOLOGY LTD that was incorporated in February 2022. They are located in London, UK, and are being managed by CEO Ruggero Catalano Rossi Danielli. OFP provides traders with the opportunity to choose between a customizable instant funding program while being partnered with Thunder Markets as their broker.

OFP’s headquarters are located at 28 Great Smith Street, England, London, SW1P 3BU.

Who is the CEO of OFP?

Ruggero Catalano Rossi Danielli is the CEO of OFP. Note that we will be adding more information about their CEO in the future. Stay tuned!

Video Review

Funding Program Options

OFP provides its traders with a single funding program option.

Instant Funding

OFP’s Instant Funding provides traders the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. Instant Funding allows you to trade with up to 1:100 leverage while also being able to choose your account funding between USD, EUR, and GBP.

By purchasing Instant Funding, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules. Your first payout can be on a monthly basis, bi-weekly basis, or on-demand when the Trader Value Score has been met, while all following withdrawals can be submitted on a monthly, bi-weekly, or on-demand basis, depending on the account type that you are trading on. Your profit split will be 26% up to 80% based on the profit you make on your funded account.

Instant Funding Scaling Plan

Instant Funding also has a scaling plan. If a trader is profitable and manages to secure a 20% profit within a three-month period, then they will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account, which secured a 20% profit, will increase to $125,000.

After the Next 3 Months: A qualified $125,000 account, which secured a 20% profit, will increase to $150,000.

After the Next 3 Months: A qualified $150,000 account, which secured a 20% profit, will increase to $175,000.

And so on…

Customizable Instant Funding Trading Objectives

Instant Funding Trading Rules & Objectives

• 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 3-5%.
• Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6-10%.
• No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.
• No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
• Consistency Rule – Mandates traders to maintain uniformity in various aspects such as position sizes, risk management, losses, gains, and more. This implies that the account results should not exhibit significant variations in their characteristics. The Trader Value Score is a measure of a trader’s consistency, which cannot be equal to or higher than each individual’s Max Trader Value Score. It’s calculated as the total profit of your best trading day divided by the total PnL of your trading period. The Max Trader Value Score is different with each account type. It is also worth noting that a higher Trader Value Score doesn’t result in account closure. However, it is mandatory to be within the limit to be eligible to request a withdrawal.

What Makes OFP Different From Other Prop Firms?

OFP differs from most industry-leading prop firms due to offering a single account type, an instant funding program. In addition, they also provide numerous favorable features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

OFP’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There are no withdrawal requirements, only a 3%, 4%, or 5% maximum daily, and 6%, 8%, or 10% maximum trailing loss rules. You also have no minimum or maximum trading day requirements. 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 access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

Example of comparison between OFP & FTUK

Example of comparison between OFP & Funded Trading Plus

Example of comparison between OFP & The5ers

In conclusion, OFP differs from other industry-leading prop firms by offering a single account type, an instant funding program. In addition, they also provide numerous favorable features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

Is Getting OFP 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 Instant Funding is realistic primarily due to no profit target requirements coupled with average maximum loss rules (3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing 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 trade at your preferred pace. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 26% up to 80%.

After considering all the factors, OFP is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

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

While working with OFP and reaching funded status with Instant Funding, you will be eligible to receive your first payout after 30 calendar days, 14 calendar days, or on an on-demand basis if you meet the Trader Value Score based on which funding program type you choose while purchasing the trading account. However, after your first payout, you will be eligible to receive payouts if you exceed your initial account size every 30 calendar days, 14 calendar days, or on an on-demand basis. Your profit split will consist of a generous 26% up to 80% based on the profit that you have generated on your funded account. The profit split also depends on the percentage that you choose while purchasing your trading account.

When it comes to OFP 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 of OFP is their Discord channel, where you can find numerous payout certificates of the most successful traders.

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

Which Broker Does OFP Use?

OFP is partnered with Thunder Markets as their broker.

Thunder Markets combines cutting-edge technology with first-class customer service to create a trading experience that stands out in the competitive world of Forex and financial markets. Built with the needs of ambitious traders in mind, Thunder Markets leverages state-of-the-art trading platforms, robust security measures, and advanced analytical tools to provide a seamless and efficient trading environment.

As for trading platforms, while you are working with OFP, they allow you to trade on cTrader, TradeLocker, or Match-Trader.

Trading Instruments

As mentioned above, OFP is partnered with Thunder Markets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, cryptocurrencies, and bonds with a leverage of up to 1:100, depending on the trading instrument that you are trading.

Forex Pairs

Commodities

Indices

Cryptocurrencies

Bonds

Trading Fees

Trading Commission

Spread Account

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

Education

OFP provides educational content to their community, including a comprehensive video market analysis twice a week and an insightful podcast, which focuses on the trading mindset. This content is designed to help traders improve their skills and understanding of the market. All of these resources are readily accessible through OFP’s Discord and YouTube channels, ensuring that members have convenient access to valuable information and expert advice. Additionally, the content is tailored to address various aspects of trading, from technical analysis to psychological strategies, offering a well-rounded educational experience.

Additionally, OFP offers all clients access to a carefully designed trader dashboard, streamlining risk management by offering constant access to detailed statistics and objectives. This ensures real-time updates, contributing to an improved user experience.

OFP Trading Dashboard

Trustpilot Feedback

OFP has gathered a great score on Trustpilot based on their community’s feedback.

On Trustpilot, OFP has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 3.9 out of 5 from a substantial pool of 1,701 reviews. Notably, 69% of these reviews have awarded OFP the highest rating of 5 stars.

In the first example, the client approached OFP cautiously, starting with a small account to test the waters. They appreciated that there’s no challenge required to get a funded account, though the consistency rule must be met to receive a payout. The client noted that while it might be tempting to take larger positions during big market moves, staying consistent with daily PnL is more beneficial in the long run. They achieved their first payout with the company and were contacted early in the morning to confirm they had reached the payout threshold, and the money was in their bank account within two hours via UK bank transfer.

The second client had a positive experience with OFP, praising its instant funding model and realistic trading rules, which provide ample flexibility. They also highlighted the excellent customer service, sharing that when they requested a refund on their first account due to personal circumstances, it was handled promptly and professionally. The client described OFP as a great firm.

Social Media Statistics

OFP can also be found on numerous social media platforms.

Customer Support

Account Opening Process

• Registration Form – Register with OFP by filling out the registration form with your personal details and logging into the trading dashboard.

• Choose Your Account – Choose your type of payout, currency, account size, maximum daily drawdown, and profit split.

• Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 15% discount on all OFP customizable funding program.

• Choose Your Payment Method – Choose between a credit/debit card and a cryptocurrency payment method.

Conclusion

In conclusion, OFP is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, Instant Funding, which is a direct funding program.

OFP’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning 26% up to 80% profit splits from the start. Traders have no profit target requirements, with a 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules, which are realistic trading objectives. Regarding time limitations, you have no minimum or maximum trading day requirements, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that Instant Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend OFP 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 unique features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts. After considering everything OFP offers to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of OFP was last updated on 27.09.2024 at 12:32 (CE(S)T).

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

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