Forex Prop Firm Review

Pricing

Forex Prop Firm offers a variety of funding program options designed to suit different trading styles. They offer three challenge models and one instant funding program:

• 1-Step Model: Fees range from $94 for a $10,000 account to $1,899 for a $400,000 account.
• 2-Step Regular Model: Fees start at $124 for a $10,000 account and go up to $2,399 for a $400,000 account.
• 2-Step Infinite Model: Fees go up to $1,899 for the largest account size.
• Instant Funding: Prices range from $500 for a $10,000 account to $20,000 for a $400,000 account.

Platform

Forex Prop Firm uses technology designed by traders to ensure a secure and effective trading environment. Their platform offers competitive raw spreads and various trading features.

Type

Forex Prop Firm provides up to $400K in initial funding with a high 95% profit share, highlighting their commitment to flexible trading strategies and significant earning potential.

Customer Service

Forex Prop Firm has received numerous positive reviews and trader interviews, supporting over 3,500 traders and distributing over $7.4 million in payouts since its inception.

Pros

• High profit-sharing
• Up to $10M scaling
• No time limit
• Instant funding
• Weekend holding, News trading, & EA allowed
• 10% profit made during challenge
• No consistency rule

Cons

• No trade copiers
• 1:30 leverage

Forex Prop Firm Review

In this Forex Prop Firm review, we delve into how the prop firm provides a platform meticulously designed to enhance trader success. Forex Prop Firm stands out by offering up to $400K in initial funding coupled with an impressive 95% profit share, demonstrating their dedication to maximizing trader earnings. This review highlights their flexibility in trading strategies and significant earning potential, making Forex Prop Firm an appealing choice for traders looking to scale their forex trading careers efficiently and effectively. We will explore the essential features and benefits that position Forex Prop Firm as a promising option for traders of all levels.

About Forex Prop Firm

Forex Prop Firm, managed by FPF Technology LLC, is based at 134 Yandell Road, Canton, MS, and 9452-8635 Quebec Inc. at 265 Place Chatel, Mascouche, Canada. The firm has swiftly established itself as a significant player in the proprietary trading industry since its inception on January 1st, 2022. With a track record of supporting over 3,500 traders and distributing over $7.4 million in payouts, Forex Prop Firm demonstrates a strong commitment to trader success. Leveraging eight years of experience since 2016, Forex Prop Firm utilizes technology crafted by traders to ensure a secure and efficient trading environment. This growth and development are bolstered by numerous positive reviews and trader interviews, attesting to the firm’s credibility and reliability.

Forex Prop Firm Platform & Features

Forex Prop Firm provides an array of funding program options tailored to suit diverse trading styles. They offer three challenge models and one instant funding program, each designed to create a conducive trading environment:

• 1-Step Model: Traders aim for a 10% virtual profit with no time limit. Successful traders begin trading on a funded account with up to 100% profit split, based on performance.
• 2-Step Model: Involves two phases where traders prove their ability with realistic profit targets. Success leads to trading with a 90-100% profit split.
• Instant Funding: Provides immediate funding without the need for challenge completion and a profit split of 80%.

Account sizes range from $10,000 to $400,000, allowing traders to choose the scale that best fits their strategy.

Tradable Assets

Forex Prop Firm offers a wide range of tradable assets, including:

• Forex: Major and minor currency pairs.
• Commodities: Trade contracts for oil, gas, precious metals, and more.
• Indices: Speculate on the performance of entire stock markets.
• Stocks: Trade shares of individual companies (limited leverage applies).
• Cryptocurrencies: Trade popular digital currencies (reduced leverage applies).

Scaling Plan

The Forex Prop Firm Scaling Plan empowers funded traders to progressively increase their account size and profit potential, potentially reaching a staggering $10 million in trading capital. Funded accounts qualify for the Scaling Plan, with the lowest account eligible for scaling being $25,000. Consistent profitability allows traders to scale up their accounts, enhancing their trading capacity and earning potential.

Payment Methods

Preferred payout method is RISE, with crypto and other options available. For Instant Funded Accounts, wire transfer is the primary method, with crypto available for smaller amounts. Forex Prop Firm ensures that traders have multiple payment options to choose from, facilitating smooth and convenient transactions.

Withdrawals

Forex Prop Firm offers a tiered payout system based on the account type. Challenge Accounts provide a competitive profit split of 90/10, while Instant Funded Accounts start with a slightly lower profit split of 80/20. Withdrawals are allowed every 15 days after an initial 30-day lock period, with processing typically taking 1-5 business days. This structured payout system ensures that traders can access their profits regularly and reliably.

Trading Rules

Forex Prop Firm has established a set of rules and restrictions designed to ensure a responsible and secure trading environment. Key rules include:

• Drawdown Limits: Absolute max drawdown based on starting account balance and daily drawdown calculated from the account balance at the beginning of each day.
• Mandatory Trading Activity: At least one trade within 30 days of receiving a funded account to avoid inactivity termination.
• Prohibited Strategies: High-Frequency Trading, Martingale Strategy, Grid Trading, and specific Expert Advisors (EAs) are not allowed.

These rules are designed to promote disciplined and responsible trading, ensuring long-term success for traders.

Evaluation Process

Forex Prop Firm offers two primary challenge models, the 1-Step and 2-Step challenges, to qualify for funded accounts. Additionally, they provide an Instant Funding option for traders who prefer to bypass the challenge phase. The evaluation process is designed to assess traders’ skills comprehensively and fairly, ensuring that only proficient traders receive funding.

Forex Prop Firm Pricing

Forex Prop Firm provides a variety of funding program options designed to suit different trading styles. The fee structure is clear, with each funding model outlining its associated costs, allowing for informed decisions. Traders can choose from various account sizes and challenge models, selecting the one that best aligns with their trading goals and financial capacity.

• 1-Step Model: Fees range from $94 for a $10,000 account to $1,899 for a $400,000 account.
• 2-Step Regular Model: Fees start at $124 for a $10,000 account and go up to $2,399 for a $400,000 account.
• 2-Step Infinite Model: Fees go up to $1,899 for the largest account size.
• Instant Funding: Prices range from $500 for a $10,000 account to $20,000 for a $400,000 account.

How to Open An Account?

1. Choose a Funding Program: Select a funding program that best fits your trading style and financial goals.
2. Register on the Platform: Sign up on the Forex Prop Firm website and complete the registration process.
3. Complete the Evaluation Process: If applicable, participate in the chosen challenge model (1-Step or 2-Step) to demonstrate your trading skills.
4. Submit Necessary Documentation: Provide any required documents for verification, such as identification and proof of address.
5. Fund Your Account: Pay the required fees for the chosen funding program and account size.
6. Start Trading: Once approved, begin trading within the platform’s guidelines and rules.
7. Maintain Activity: Ensure you take at least one trade within 30 days to avoid inactivity termination.
8. Scale Up: Utilize the Scaling Plan to progressively increase your account size and trading capital as you achieve profitability.

In Conclusion

Forex Prop Firm presents itself as a well-structured platform for aspiring and existing traders seeking a defined environment to develop their skills and potentially access substantial funding. With multiple funding programs, high profit potential, diverse tradable assets, transparent fee structure, and account scaling potential, Forex Prop Firm is a comprehensive platform designed to support aspiring and existing forex traders. The firm’s commitment to trader success, backed by advanced technology and a robust support system, makes it an excellent choice for those looking to advance their trading careers.

Forex Prop Firm Review Overall

7.7 Very Good

Forex Prop Firm provides a well-rounded platform for forex traders, offering multiple funding options and a high profit share, making it a compelling choice for both new and experienced traders. The platform’s flexibility in trading conditions and the robust scaling plan further enhance its appeal. While there are some limitations, such as the lack of trade copiers and the leverage cap, the overall package is strong, with a particular emphasis on trader support and profitability. With an overall balanced offering, Forex Prop Firm is a promising choice for traders looking to scale their forex trading careers effectively.

Pros

1. High profit-sharing
2. Up to $10M scaling
3. No time limit on challenges

Cons

1. No trade copiers
2. 1:30 Leverage

• Funding Options and Pricing: 8
• Trading Conditions and Platform: 7
• Customer Service and Trust: 8
• User Ratings (0 Votes) 0