FundYourFX Review
So, let's start our FundYourFX Review about a forex company that offers standard conditions for prop trading and is not the best cTrader platform on the market. Also, we add that this Prop Firm makes it mandatory to use Stop Loss for all orders, and also limits the trader’s trading lot to 0.2 for every 2000 deposit. As a result, completing the challenge in this company is significantly more difficult. You need to be very careful, precise and patient to get through the Evaluation stage and reach the Funding stage.
- Automated trading (Expert Advisors) - YES
- Platform for trading - cTrader
- Leverage - up to 1:100
- Participation cost - from $175
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - Yes
Go to the FundYourFX website >>>
Expert Advisors Suitable for this Prop Firm:
FundYourFX Programs
FundYourFX is more than just another proprietary trading firm; it represents a significant disruption in the market. Launched in 2021 and based in London, the company has quickly accumulated positive feedback on platforms like Trustpilot, TrustIndex, and Google Reviews. By 2023, it has earned accolades such as “Best Instant Funding Prop Firm” and “Best Customer Service,” establishing its reputation for excellence in the field.
Moreover, FundYourFX is pioneering in its philanthropic approach, being the first proprietary trading firm to allocate 10% of its 50% profit share to charity. This arrangement means traders retain a 50% share, while FundYourFX takes 40%, and the remaining 10% is donated to charitable causes. Traders also have the option to contribute their 10% share to charity, thereby adjusting the split to 40-40, with 20% benefiting charitable organizations. This initiative is commendable, and we hope it sets a precedent for other firms in the industry to follow, contributing positively to global social causes.
Origin Funded FundYourFX Program
FundYourFX rules:
The maximum daily trading drawdown is up to 5%. It means the size of the trading drawdown that you can reach within 1 day.
The total maximum drawdown is 6%. This means the size of the trading drawdown that you can reach in any number of days. The size of the trading drawdown increases to 10% in parallel with how you increase your trading capital in the account.
Profit target -10%. You must achieve this goal to go through the assessment process and start making a profit.
There is no minimum trading days. You can reach the profit target of 10% even within 1 day and request a withdrawal of profits.
The maximum trading time during the evaluation stage is 90 days.
The use of Stop Loss is not provided.
Trading during news is allowed - you can place trade orders when important macroeconomic news is released.
The use of Expert Advisors is permitted.
Participation cost:
- $7,000 - $175 (Starter) - Scale Up to $500,000
- $15,000 - $262 (Standard) - Scale Up to $1,000,000
- $30,000 - $488 (Professional) - Scale Up to $1,500,000
Evolution Funded FundYourFX Program
FundYourFX rules:
The maximum allowable daily trading drawdown is set at 5%. This is the largest percentage decrease in trading value that can occur within a single day.
The overall maximum trading drawdown allowed is 6%. This drawdown can accumulate over any number of days. Additionally, as the trading capital in the account increases, the allowable drawdown expands to 10%.
The profit target is established at 10%. Achieving this goal is necessary to successfully pass the assessment phase and begin earning profits.
There are no requirements for a minimum number of trading days. It is possible to meet the 10% profit target in just one day and subsequently initiate a profit withdrawal.
During the evaluation period, the maximum trading duration is limited to 90 days.
The guidelines do not mandate the use of Stop Loss orders.
Trading around the time of major economic news releases is permitted, allowing traders to execute trades during potentially volatile periods.
The use of Expert Advisors (EAs), which are automated trading systems, is also allowed.
Participation cost:
- $7,000 - $175 (Starter) - Scale Up to $500,000
- $15,000 - $262 (Standard) - Scale Up to $1,000,000
- $30,000 - $488 (Advanced) - Scale Up to $1,500,000
- $80,000 - $1104 (Professional) - Scale Up to $2,000,000
The Best Prop Firm passed software are here:
FundYourFX Review and Our opinion about this Prop Firm
To conclude our FundYourFX Review, although this company offers a cTrader platform for trading (which limits your trading options), its conditions are not the most difficult for traders. You will probably be able to find a Prop Firm with better terms and conditions. However, do not pass by this company - there are quite clear trading conditions that may suit your trading style, and this means you can make money here.
Note that the trading deposit scaling plan is quite progressive and in this way you can really increase not only your trading account, but also the payments you receive.
FundYourFX Review
FundYourFX stands out as a noteworthy disruptor in the proprietary trading firm landscape since its inception in 2021. Based in London, the firm has quickly established a strong reputation, underscored by its glowing reviews on Trustpilot, TrustIndex, and Google Reviews.
Innovative Funding and Profit Sharing
In 2023, FundYourFX was recognized with awards for "Best Instant Funding Prop Firm" and "Best Customer Service," highlighting its commitment to both trader success and excellent customer support. Additionally, it distinguishes itself by being the first prop firm to direct 10% of its 50% profit share to charitable causes—a significant commitment to social responsibility.
Trading Terms
FundYourFX offers flexible trading conditions that are appealing for a wide range of traders:
- Drawdown Limits: It permits a maximum daily trading drawdown of 5% and a total maximum drawdown of 6%, which can extend up to 10% as trading capital increases.
- Profit Target: Traders are tasked with a clear profit goal of 10%, which is necessary for completing the assessment phase.
- Time Constraints: There is no minimum trading days requirement, offering the potential for rapid progression. However, the maximum trading period during the assessment phase is capped at 90 days.
Additional Features
The platform allows trading during major economic announcements and supports the use of Expert Advisors (EAs), enhancing its appeal to both novice and experienced traders. Notably, the absence of mandatory Stop Loss orders offers traders flexibility in strategy execution.
Conclusion
FundYourFX not only provides robust tools and a supportive environment for traders but also sets a commendable precedent in philanthropy within the financial sector. Its innovative approach to profit sharing and trader support makes it a compelling choice for traders looking to make a difference while achieving financial success.
