Introduction
What is FundedFirm? FundedFirm, launched in 2024, is a proprietary trading firm offering funded accounts up to $200,000 through one-step and two-step evaluation models. It emphasizes fast payouts, flexible rules, and MetaTrader platforms but faces scrutiny for limited transparency on regulatory status and company details.
This review synthesizes FundedFirm’s official documentation, independent reviews, and community feedback for a balanced, evidence-based perspective. See sources at the end.
Account Types & Challenge Models
FundedFirm offers two evaluation models for traders:
- One-Step Challenge — Single-phase evaluation with a 10% profit target, 3% daily drawdown, and 6% maximum drawdown, no time limit, minimum 5 trading days.
- Two-Step Challenge — Two phases with 8% (Phase 1) and 5% (Phase 2) profit targets, 5% daily drawdown, and 10% maximum drawdown, no time limit, minimum 5 trading days per phase.
Account sizes range from $5,000 ($69 fee) to $200,000 ($999 fee). Successful traders can scale accounts, though exact limits are unclear. Fees are non-refunded, and discounts may be available via affiliate promotions.
Platforms, Assets & Execution
Platforms: FundedFirm supports MetaTrader 4 and MetaTrader 5, popular among forex traders for their reliability and tools.
Assets: Includes forex, commodities, indices, and cryptocurrencies, with leverage up to 1:100 for forex and 1:50 for crypto.
Execution environment: Execution details are not fully disclosed, but traders report competitive spreads. Some note slippage during volatile markets, so test latency-sensitive strategies on smaller accounts.
Risk Rules & Common Trigger Events
FundedFirm enforces risk rules to protect capital. Key rules include:
- Daily loss limit: 3% (one-step) or 5% (two-step) from end-of-day equity.
- Maximum drawdown: 6% (one-step) or 10% (two-step) from initial balance.
- Minimum trading days: 5 days per phase.
- Profit targets: 10% (one-step), 8% (Phase 1), 5% (Phase 2).
- Restrictions: No high-frequency trading or arbitrage; news trading is allowed. Expert Advisors are permitted.
Verify exact rules in FundedFirm’s Terms & Conditions, as they are authoritative and may change.
User Feedback & Reputation
Trustpilot & aggregated reviews
FundedFirm scores ~3.9/5 on Trustpilot with 238 reviews, praised for fast payouts and flexible rules but criticized for transparency issues.
Independent reviews
Sites like TheTrustedProp note FundedFirm’s competitive fees and news trading allowance but highlight its short track record and undisclosed leadership as concerns.
Complaints & community threads
Community feedback flags occasional payout delays and strict drawdown rules. Traders recommend thorough due diligence and record-keeping for disputes due to limited company transparency.
Practical takeaway: FundedFirm offers attractive features for cost-conscious traders but requires caution due to its newer status and transparency concerns. Test with smaller accounts first.
Legitimacy, Regulation & Risks
Legitimacy: FundedFirm, launched in 2024 with a domain registered on May 16, 2024, lacks clear company and leadership details. Its partnership with undisclosed brokers raises questions about credibility.
Regulatory nuance: FundedFirm does not provide regulatory information, a significant concern in the financial industry where oversight ensures client protection. Traders should verify broker partnerships independently.
Risk summary: Risks include strict drawdown rules, potential payout delays, and lack of regulatory transparency. Maintain detailed records and exercise caution.
Pros & Cons (Summary)
- Low challenge fees ($69–$999) with no time limits.
- High profit splits (75%–100%) and fast payouts.
- MetaTrader platforms with diverse assets.
- News trading and swap-free accounts allowed.
- Limited transparency on regulation and leadership.
- New firm (2024) with unproven reliability.
- Reports of payout delays and strict drawdowns.
Final Thoughts — Who Should Use FundedFirm?
FundedFirm suits cost-conscious traders comfortable with MetaTrader and flexible rules like news trading. However, its lack of regulatory transparency and short operational history require caution. Test strategies on smaller accounts and maintain detailed records for disputes.
Recommended pre-deployment checklist:
- Confirm challenge rules (profit targets, drawdowns, trading days).
- Test MetaTrader compatibility with your strategy.
- Prepare KYC documents to avoid payout delays.
- Account for gateway fees and verify broker partnerships.
References & Sources
- FundedFirm — Official website
- Trustpilot — FundedFirm reviews
- TheTrustedProp — FundedFirm review
- FundedFirm — Terms & Conditions