In-Depth Review of FundedPrime (2025)

An evidence-based, up-to-date review of FundedPrime’s funding programs, rules, execution & reputation.

FundedPrime — Quick Snapshot

⭐ 4.0 / 5 (Trustpilot & independent reviews)

FundedPrime, an Australian prop-trading firm (founded 2023 by PropTradeTech, led by Alexander Chieffalo), offers one-step, two-step, stock, meme coin, and Bitcoin Maxi challenges with up to 90% profit splits, backed by Eightcap, though its newer status and lack of MT4/MT5 support draw some community critique.

  • ✅ Flexible challenge types (one-step, two-step, stock, meme coin, Bitcoin Maxi) with no time limits.
  • ✅ Competitive challenge fees starting at $35 for $5,000 accounts, with discounts via affiliate codes.
  • ✅ High profit splits (80%–90%) and bi-weekly or weekly payouts via crypto or bank transfer.
  • ✅ Backed by Eightcap, ensuring reliable pricing and spreads for over 800 instruments.
  • ❌ Limited operational history (launched 2023), with fewer reviews than established firms.
  • ❌ No MT4/MT5 support; only DXtrade and TradeLocker available.
  • ❌ Strict early payout limits and 1:50 leverage may restrict high-risk traders.
FundedPrime platform screenshot
FundedPrime — platform overview & instruments on TradeLocker.

Introduction

What is FundedPrime? FundedPrime, launched in 2023 by Australian-based PropTradeTech and led by CEO Alexander Chieffalo, is a proprietary trading firm offering access to funded accounts up to $200,000 through various challenge models. Backed by regulated broker Eightcap, it provides flexible evaluations and competitive spreads across over 800 instruments.

This review synthesizes FundedPrime’s official documentation, independent reviews, and community feedback for a balanced, evidence-based perspective. See sources at the end.

Account Types & Challenge Models

FundedPrime offers five challenge types tailored to diverse trading styles:

  • One-Step Challenge — Single-phase evaluation with a 10% profit target, 5% daily drawdown, and 10% maximum drawdown, no time limit.
  • Two-Step Challenge — Two phases with 10% (Phase 1) and 5% (Phase 2) profit targets, same drawdown limits, no time limit.
  • Stock Challenge — Focused on stock trading, with similar profit and drawdown rules.
  • Meme Coin Challenge — Targets crypto meme coins, with flexible rules for volatile assets.
  • Bitcoin Maxi Challenge — Designed for Bitcoin-focused traders, with tailored risk parameters.

Challenge fees range from $35 for a $5,000 account to $1,235 for a $200,000 account, with occasional discount codes offered through affiliate partnerships. Account sizes can scale up to $500,000 with consistent performance.

Platforms, Assets & Execution

Platforms: FundedPrime supports TradeLocker and DXtrade, with planned TradingView integration. Lack of MT4/MT5 support may limit some traders.

Assets: Over 800 instruments, including forex, indices, commodities, stocks, cryptocurrencies, ETFs, and metals, with leverage up to 1:50 for forex and 1:5 for crypto.

Execution environment: Backed by Eightcap, execution is reliable with competitive spreads. Some traders report slippage during high volatility, so latency-sensitive strategies should be tested on smaller accounts.

Profit Share, Fees & Payouts

Profit split: FundedPrime offers 80% profit splits, scaling to 90% with add-ons or performance milestones.

Payout methods & timing: Bi-weekly or weekly payouts via crypto (BTC, ETH, USDT) or bank transfer. Processing typically takes 1–3 days, though gateway fees apply.

Fees: Challenge fees ($35–$1,235) are upfront, with a $5 commission per lot. Crypto or bank transfer fees reduce net payouts.

Risk Rules & Common Trigger Events

FundedPrime enforces risk rules to protect capital. Key rules include:

  • Daily loss limit: 5% from end-of-day equity.
  • Maximum drawdown: 10% from initial balance.
  • Minimum trading days: 3 days per challenge phase.
  • Profit targets: 10% (one-step/Phase 1), 5% (Phase 2).
  • Restrictions: No high-frequency trading, arbitrage, or news trading within a 2-minute window. Expert Advisors are allowed.

Verify exact rules in FundedPrime’s Terms & Conditions, as they are authoritative and may change.

User Feedback & Reputation

Trustpilot & aggregated reviews

FundedPrime scores ~4.0/5 on Trustpilot and review aggregators like PropWinners and ForexPropReviews, with praise for flexible challenges, competitive pricing, and Eightcap-backed execution.

Independent reviews

Sites like PropWinners and ForexPropReviews commend FundedPrime’s no-time-limit challenges and payout speed but note its newer status limits long-term performance data.

Complaints & community threads

Community feedback highlights the lack of MT4/MT5 and strict early payout limits as drawbacks. Traders recommend testing platforms and maintaining records for disputes.

Practical takeaway: FundedPrime is a promising option for traders seeking flexibility and low fees but requires testing due to its newer status and platform limitations.

Legitimacy, Regulation & Risks

Legitimacy: FundedPrime, operated by Radias PTT FZ-LLC and led by Alexander Chieffalo, is registered in Australia. Its partnership with regulated broker Eightcap enhances credibility, though its 2023 launch means less historical data.

Regulatory nuance: As a prop firm, FundedPrime is not a regulated retail broker, so protections differ from traditional brokerages. Execution occurs via Eightcap, an ASIC-regulated broker.

Risk summary: Risks include strict rule enforcement, gateway fees, and potential slippage. Maintain detailed records for disputes.

Pros & Cons (Summary)

Pros
  • Flexible challenge types with no time limits.
  • Low challenge fees ($35–$1,235) with discount options.
  • High profit splits (80%–90%) and fast payouts.
  • Eightcap-backed pricing and spreads.
Cons
  • Limited track record (launched 2023).
  • No MT4/MT5; only DXtrade and TradeLocker.
  • Strict payout limits and 1:50 leverage cap.

Final Thoughts — Who Should Use FundedPrime?

FundedPrime suits traders seeking flexible challenges, competitive fees, and diverse assets, particularly those comfortable with TradeLocker or DXtrade. Its newer status and lack of MT4/MT5 may deter some, so test strategies on smaller accounts. Keep detailed records and verify rules before trading.

Recommended pre-deployment checklist:

  1. Confirm challenge rules (profit targets, drawdowns, trading days).
  2. Test TradeLocker/DXtrade compatibility with your strategy.
  3. Prepare KYC documents to avoid payout delays.
  4. Account for gateway fees when calculating net payouts.

References & Sources

  • FundedPrime — Official website
  • Trustpilot — FundedPrime reviews
  • PropWinners — FundedPrime review
  • ForexPropReviews — FundedPrime review
  • FundedPrime — Terms & Conditions