Pricing
Origin Funded
- Starter: $175 (Original: $250)
- Starting Funded Virtual Balance: $7,000
- Scale Up to: $500,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
- Standard (Most Popular): $262 (Original: $375)
- Starting Funded Virtual Balance: $15,000
- Scale Up to: $1,000,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- No Risks Included
- Refundable Fee
- Professional: $488 (Original: $697)
- Starting Funded Virtual Balance: $30,000
- Scale Up to: $1,500,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
Evaluation Funded
- Starter: $175 (Original: $250)
- Starting Funded Virtual Balance: $7,000
- Scale Up to: $500,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
- Standard: $262 (Original: $375)
- Starting Funded Virtual Balance: $15,000
- Scale Up to: $1,000,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
- Advanced: $488 (Original: $697)
- Starting Funded Virtual Balance: $30,000
- Scale Up to: $1,500,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
- Professional: $1,104 (Original: $1,577)
- Starting Funded Virtual Balance: $80,000
- Scale Up to: $2,000,000
- Up to 90% Virtual Profit Share
- News Trading Allowed
- Up to 1:100 Leverage
- Weekly Payout
- Refundable Fee
Platform
cTrader
Type
No Evaluation
Customer Service
Chat, Email, Call
Pros
- Cost-effective
- Relaxed trading rules
- No evaluation
- Trade on a live account with real funds
- You can use any trading strategy
- Fast scaling with a 10% profit target
Cons
- A fairly new prop firm from 2021
FundYourFX Review
They provide something distinct from what the vast majority of proprietary trading firms do in the industry. They do not need a minimum amount of waiting time, which enables you to begin trading with real money as soon as possible. You won’t even have to take part in any trading challenges to become a funded trader with them.
In this review of FundYourFX, we take a more in-depth look at the trading firm, discussing topics such as its pro and cons, trading objective, and pricing, to mention just a few.
About FundYourFX?
Prop trading is FundYourFX’s area of expertise, and the company has earned a solid reputation for reliability. They are a relatively recent company, having begun operations in 2021 and establishing its headquarters in London. Their office can be found at 128 City Road, London EC1V 2NX in the United Kingdom.
Since the very beginning of the firm, they have committed to the concept of operating as a no-evaluation prop firm. They are, for all intents and purposes, an instant funding prop firm in which you trade with real money as opposed to trading on a demo account.
With their scaling, traders may get up to $1 million in funding with no liability for losses and a 50% cut of the profits. To top it all off, if you meet the 10% profit criteria 5 times, you’ll get a full refund of your initial charge on your fifth profit distribution.
Who Should Use FundYourFX?
Traders from all around the world are welcome to open accounts with FundYourFX. You don’t need to meet any sort of prerequisites. All that matters to them is that you can trade profitably while still exercising appropriate risk management.
To even have a chance of turning a decent profit in retail trading, you will need to start with a sizeable amount of funds. Therefore, to have a larger beginning capital, you have the option of joining a prop firm in which you are not responsible for the losses. There are a lot of prop firms that require your trading expertise.
You save both money and time when you use FundYourFX because you receive quick funding without having to wait months to complete the evaluation requirements. FundYourFX is an excellent option to consider if you are interested in engaging in rapid trading with actual funds.
FundYourFX Platform & Features
Tradable Assets
FundYourFX specializes in forex trading and offers users more than 40 currency pairings to select from, including all of the major currency pairings such as EUR/USD and USD/JPY. In addition to that, they provide a wide variety of minor and exotic trading pairs, including EUR/GBP, EUR/JPY, USD/SEK, and USD/RUB.
Crypto traders have the option of using FundYourFX to engage in cryptocurrency trading. They provide trading in some of the most prominent cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
Last but not least, they enable traders to trade a variety of key stock indices. They provide the ability to trade in hard commodities such as gold, platinum, palladium, and silver through contracts for difference (CFDs) and exchange-traded funds (ETFs) for commodities. You may trade the spot price of metals such as gold and silver against currencies such as the US dollar as a currency pair. Other metals whose spot prices are traded include gold and silver.
Scaling Plan
FundYourFX has a simple, uncomplicated approach for trader’s account scaling. Simply achieving a profit of 10% is all that is required for your money to grow by an automatic 50%. In addition to that, it has the potential to increase continuously by up to $1 million. If you can maintain a profit of at least 10% constantly, you will be able to reach $1 million in a lot quicker time than it takes other prop firms, such as FTMO.
Payment Methods
FundYourFX allows customers to choose from several different payment options. They can process transactions made with any major credit card or debit card that is issued by either Visa or MasterCard. You also have the option of paying with bank transfers and payments made through PayPal. In addition to that, they also provide the choice to make payments using cryptocurrencies such as USDT.
The following is a list of the procedures that need to be taken to make payments using FundYourFX:
Visit the following website: https://checkout.fundyourfx.com/ftp if you are going to pay with a credit or debit card. Fill in your information and select the desired payment method.
To make an international payment, you’ll need the following:
- The information on the individual who will be receiving the payment, such as their name and address.
- Their IBAN (International Bank Account Number) or account number.
- The title and contact information for the bank that will be receiving the payments.
Bank Transfer:
Beneficiary: FYFX GLOBAL LTD
IBAN: GB82 REVO 0099 6952 6090 56
SWIFT / BIC: REVOGB21
Beneficiary address: Kemp House, 128 City Road, EC1V 2NX, London, United Kingdom
Bank / Payment institution: Revolut Ltd
Bank / Payment institution address: 7 Westferry Circus, E14 4HD, London, United Kingdom
To make a payment using cryptocurrency, you will need the following things:
You will need to acquire USDT or ensure that you already possess some in your cryptocurrency wallet. You may use your credit card to buy them at any centralized exchange, such as Binance or Coinbase. Then, after you have USDT, you can transfer the funds to:
USDT ERC20: 0x5785603fb36692d58d901dbe4cb3b4e51020f7e8
Additionally, they accept payments in cryptocurrencies through Coinbase Commerce as well.
Just keep in mind that to confirm your transaction, you will need to send an email to info@fundyourfx.com with a screenshot attached if you paid using a cryptocurrency or an international payment method.
Withdrawals
When you reach a 10% profit, you will receive 50% of your earnings directly. To get your payout, you will need to fill out a form that can be found at www.fundyourfx.com/payout. The payouts are processed within 1-2 working days. The payout is processed immediately using the chosen payment method that you have specified. You will be able to get your earnings through a standard bank wire transfer. Withdrawals are also totally without charge.
You can also receive payouts in the form of cryptocurrencies. If you want to withdraw using cryptocurrency, the process might take up to 7 days.
Trading Rules
The guidelines for trading are not overly complicated. They have one of the laxest rules in prop trading. Only the following three guidelines need to be observed:
- Your forex account balance determines the maximum lot size you may trade in at 0.1 Lot for every $2,000 in your account. The maximum transaction size for other types of assets is 0.01 Lot for every $2,000. The example of $2,000 is to make it easier for traders to calculate.
- Drawdowns are limited to no more than 10% of the initial capital.
- Every market position you open must have a stop loss attached to it. The Stop Loss order needs to be placed no later than 30 minutes after the position is opened. If you are a Scalper and open and close trades in a period of fewer than 30 minutes, you do not need to set a Stop loss.
If you break any of the trading rules at any point in time, your account will be disabled, and you will not be entitled to the profit share. Your account will no longer be able to participate in trading activities; however, any open deals will not be immediately closed off. Your currently funded trading account will need to be reset for you to continue. The fee to reset your account is £197, and no matter how much money was in your account at the time of the breach, it will be set back to where it started.
Evaluation Process
FundYourFX does not have an evaluation process. All that is required of you is to select the funded trader price plan and then click the apply now button. This is to set up an interview with you, following which they will phone you and ask about your past experiences trading. Within the next 24 hours, you will find out whether or not you have been selected to become a member of the team. After you have completed the registration process and paid the required fee, you will be able to create a live trading account and start trading immediately.
FundYourFX Pricing
FundYourFX offers several funded trading packages tailored to meet the needs of various types of traders. Each plan provides personal support, a profit split of up to 90%, and no liability for losses.
For those interested in the Origin Funded model, the Starter plan is available at a discounted price of $175 (originally $250). This plan provides a starting funded virtual balance of $7,000 and can scale up to $500,000. Traders receive up to 90% virtual profit share, news trading is allowed, leverage up to 1:100 is provided, and there are weekly payouts with a refundable fee.
The Standard plan, which is the most popular, is available at a discounted price of $262 (originally $375). It offers a starting funded virtual balance of $15,000 and can scale up to $1,000,000. Similar to the Starter plan, it includes up to 90% virtual profit share, news trading allowance, up to 1:100 leverage, weekly payouts, and a refundable fee.
The Professional plan is offered at $488 (originally $697). This plan provides a starting funded virtual balance of $30,000 and can scale up to $1,500,000. It also includes up to 90% virtual profit share, allows news trading, offers up to 1:100 leverage, has weekly payouts, and comes with a refundable fee.
For those opting for the Evaluation Funded model, the Starter plan is available at a discounted price of $175 (originally $250). It includes a starting funded virtual balance of $7,000, scaling up to $500,000, with up to 90% virtual profit share, news trading allowance, up to 1:100 leverage, weekly payouts, and a refundable fee.
The Standard plan in the Evaluation Funded model is available at $262 (originally $375). It offers a starting funded virtual balance of $15,000, scaling up to $1,000,000. The plan includes up to 90% virtual profit share, news trading allowance, up to 1:100 leverage, weekly payouts, and a refundable fee.
The Advanced plan, available at $488 (originally $697), provides a starting funded virtual balance of $30,000, scaling up to $1,500,000. It includes up to 90% virtual profit share, news trading allowance, up to 1:100 leverage, weekly payouts, and a refundable fee.
Lastly, the Professional plan in the Evaluation Funded model is available at $1,104 (originally $1,577). It offers a starting funded virtual balance of $80,000 and can scale up to $2,000,000. This plan also includes up to 90% virtual profit share, news trading allowance, up to 1:100 leverage, weekly payouts, and a refundable fee.
How to Open An Account?
It’s not hard to get started with FundYourFX; the registration process is straightforward. Simply go to the Pricing Plan page, select the funded trader plan you want, and click on apply now to schedule an interview. You should expect a call from them inquiring about your trading experiences. Within the following 24 hours, FundYourFX will let you know whether or not you have been approved to become a trader on their platform. If you have been accepted, you will be able to open a live trading account and begin trading as soon as you have paid the cost that is required.
In Conclusion
Due to their competitive pricing for the amount of capital you get, joining FundYourFX will save you money. They will also save you time since FundYourFX is a no-evaluation prop firm. This means that you will not be wasting months attempting to pass trading challenges. Lastly, you have more freedom to trade at any time of day using any trading strategy or style. You are allowed to trade the news, hedge positions, and leave open trades over the weekend and overnight. You are also allowed to use your own EAs.
FundYourFX’s regulations are among the most lenient in the business. If you value the ability to engage in trade with minimal restrictions, then you can’t go wrong with them.
FundYourFX Review Overall
FundYourFX stands out with its instant funding model, flexible and competitive pricing, and high profit share. The partnership with a regulated broker and the use of the cTrader platform enhance trust and trading efficiency. Although it's relatively new, the diverse range of tradable assets and lenient trading rules make it an attractive option for traders looking for quick funding and flexibility. Overall, FundYourFX offers a compelling proposition for traders seeking to start with real funds immediately.
Pros
- No evaluation required, allowing immediate trading with real funds.
- Competitive and refundable fees with high scaling potential.
- Up to 90% profit share.
Cons
- Specific guidelines on lot sizes and stop losses which must be adhered to.
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