Hello, everyone. So, this time, we’ve got another review for you. We’re going to review TradingFunds, a well-established proprietary trading firm that has earned a great reputation within the trading community. With nearly 2 years of experience, TradingFunds continues to draw traders from around the world with some innovative offerings and trader-friendly programs.
Now, we will explore what TradingFunds has to offer, including its features and funding models. But let’s jump straight in.
TradingFunds Review Has Arrived!
If you’re not yet acquainted with TradingFunds, they are a reputable prop trading firm that started in February 2023. They are based in Dubai, United Arab Emirates, another firm based out of Dubai doing great things. They’ve quickly become a standout option in the industry, offering traders a choice between two different funding programs: a one-step and a two-step evaluation.
TradingFunds Funding Programs
Let’s dive straight into their funding programs, as well as the trading objectives and rules that traders worldwide must follow to succeed with TradingFunds.
Two-Step Evaluation
Let’s start with the two-step evaluation, which offers traders the opportunity to manage account sizes ranging from $10,000 to $100,000.
Given it’s a two-step evaluation, the goal is to identify skilled and consistent traders who are not only profitable but also capable of managing risk effectively throughout the evaluation process. This particular program allows traders to use leverage of up to 1:30, depending on the specific instrument you are trading with.
For the two-step evaluation, traders have to meet specific profit targets to successfully progress through each phase and qualify for a funded account. In Phase One, the profit target is 8%, and in Phase Two, the target is 6%. Very industry-standard and realistic in our eyes. Once traders are fully funded, no further profit targets are needed.
One-Step Evaluation
Now, let’s have a look at the one-step evaluation. Account sizes range from $10,000 to $100,000, and even though it’s a one-step evaluation, the goal is to ensure traders are disciplined, consistent, profitable, and, of course, effective with risk management. In the one-step evaluation, traders are provided leverage of up to 1:10, which is a bit different from the two-step evaluation.
For this one-step evaluation, you have a 10% profit target to complete and qualify for a funded account. As always, once you receive your fully funded account, there are typically no profit targets to meet. However, the daily loss limit is a very reasonable 4%, meaning you can’t lose more than 4% of your account value in one day. There is a maximum trailing loss of 8%, calculated based on the highest account balance and the lowest point of drawdown.
Traders have to complete a minimum of four trading days during this evaluation phase, demonstrating consistent trading behavior. As with the two-step evaluation, Martingale and hedging strategies are not allowed, and traders must adhere to conventional risk management techniques.
Getting Capital with TradingFunds is Realistic?
Now, when considering whether getting capital is realistic, it’s crucial to assess the feasibility of the requirements. You can’t just have a highly funded account with generous profit splits if they impose high monthly profit targets with strict drawdown limits. That just reduces your chances of success. However, given the combination of very realistic trading objectives, favorable risk management rules, and the opportunity for attractive profit splits, TradingFunds is certainly, in our eyes, a recommended firm.
There are certainly more details about the firm that you don’t want to miss. So, why don’t you watch the TradingFunds Review Video:
Also, use our Discount Code (FOREXPROPREVIEWS) for a 25% Discount or stay updated with the Latest Prop News.
