Pros
- Cutting Edge Technology behind the trading platform
- Company is subproduct of big Tech Company
- Currently sponsoring Ferrari in Formula 2
- Really good and professional website
- Competitive prices
- Trading with real funds once funded
- No Time Limit
Cons
- Relatively New Company
- CEO is not so active
- Too lenient marketing strategy
- No challenge variations
- Have profit target 10%/8% while most companies have 8%/5%
Table of Contents
What is FunderPro?
FunderPro is a relatively new prop company which started their business in February, 2023. A lot of traders may not have heard their brand and CEO – Garry Mullen but we guess you will start to hear those names quite often. Funder Pro is a company which aims to take prop industry by storm. They are linked with few bigger Tech Companies Netrios and Red Acre, and their offices are located in Malta and Cyprus. They offer accounts up to $200,000 and they are partnered with a tier-1 liquidity provider that grants them direct market access as their broker. They have more than 300 employees and the coolest stuff is that they are currently sponsoring one of the young talents in Formula 2 – Oliver Bearman. Bearman is a British racing driver who is part of the Ferrari F1 Driver Academy and is currently competing with Prema Racing in FIA Formula 2. He has already achieved a great deal in his career, winning several titles, including the 2021 German and Italian FIA Formula 4 Championships. He is considered to be one of the most promising talents in the sport, andFunderProhas forged a partnership to support him as he continues to progress up the ranks.
“We are thrilled to be sponsoring Ollie Bearman and supporting such a promising young talent,” said Gary Mullen, CEO ofFunderPro. “As a new entrant to the proprietary trading industry, we are always seeking innovative ways to connect with our audience, and partnering with a young, dynamic driver like Ollie is a perfect fit. His journey resonates with how we approach investing in aspiring traders’ development.”
The partnership between FunderPro and Ollie Bearman will see the firm’s branding displayed on Ollie’s racing car, suit, and social media channels during the F2 race calendar. FunderPro and Ollie’s team will work together to broaden the sponsorship’s global reach and communicate the message that success comes from hard work and perseverance. The company believes that through partnerships like this, it can make a positive impact on young people’s lives by educating them about the global markets and the communities they are part of.
Headquarters & Offices locations
FunderPro is currently having offices in Malta and Cyprus.
Who is the CEO of FunderPro?
Gary Mullen is the CEO of FunderPro. He and his team have worked hard to create a challenge that will be, in his words, ”a game changer” in the proprietary trading firm industry. This is due to the fact that they have eliminated all the complicated trading rules while also presenting traders with unlimited time to complete the challenge.
He and his team are excited to offer traders worldwide the opportunity to showcase their trading skills and trade their capital in order to receive real capital gains. In addition, he also believes that all the additional resources that FunderPro is offering will also help traders improve their trading performance, meaning that they will start achieving better results while working with them.
FunderProwas brought to market by Red Acre Group, which is an innovative fintech powerhouse with cutting-edge technology at the heart of its operational framework. Red Acre Group is a leading expert in several advanced industries, including fintech and blockchain technology. The firm offers outstanding business solutions to organizations seeking to outsource professionals in order to elevate their operations to new heights. The primary aim of Red Acre Ltd is to minimize the challenges of running a business and devise strategies, platforms, and sustainable solutions for optimal performance and success in the long term.
Funding options offered by FunderPro
Funder Pro is currently offering only 1 possible evaluation option.
Challenge Rules
Prices
Evaluation Challenge Basic Info:
FunderProevaluation program accounts aim to identify consistent and disciplined traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.
FunderPro requires from trades to hit 10% profit target on Phase-1 and 8% profit target on Phase-2 while not violating their maximum daily drawdown (5%) or their maximum drawdown rule (10%). It is important to point out that traders have ulimited days in order to hit their profit target while they need to have at least 5 trading days in order to pass the challenge. Once funded you will not have any profit targets.
Evaluation Challenge Account Rules:
Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase-1 profit target is 10% while phase-2 has a profit target of 8%. Funded accounts have no profit targets.
Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
Minimum trading daysis the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement. However, on a funded account, you have no minimum trading day requirements.
Consistency ruleis a rule that requires traders to have consistent position sizes, risk management, losses, gains, etc.. Meaning that the characteristics of the account results should not differentiate drastically. The profits earned on your best trade must not exceed 60% of the overall profit target. Note that this rule is only applicable in Phase-2 of your evaluation.
Scaling Plan offered by FunderPro
FunderPro have really generous scaling plan allowing their traders to scale up to $5,000,000. Scaling plan offers their traders 50% capital increase whenever they have 10% or more within a three-month period where two out of the three months were profitable. Here is important to point out that scaling plan is an option purely for traders who are funded with 100k or 200k FunderPro accounts already.
Example:
After 3 months: If you have a initial balance of $100,000 your account, your account balance will increase to $150,000.
After next 3 months: Balance of $150,000 increases to $225,000.
After next 3 months: Balance of $225,000 increases to $337,500.
And so on..
This provides the traders with unique opportunity to boost their trading career and the only main thing here is to be consistently profitable.
What makes FunderPro different from other prop firms?
Real capital once funded.
Good prices
Scaling plan up to $5,000,000
Cutting edge tech
Unlimited Trading days
Free trial
FunderProis different from most of theindustry-leading prop firmsdue to never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends.
Compared to other prop firms,FunderProevaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 8% in phase two, with a 5% maximum daily and 10% maximum loss rules. You are also required to trade for a minimum of 5 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to otherindustry-leading prop firms,they have no maximum time limitations on both evaluation phases and achievable profit targets.
Here is really important to point out that even though FunderPro looks like really decent company and their product looks better than the product of many other prop firms. Their value proposition currently is not as good as many other firms who are offering no time limit challenges. Of course we writing all that and we believe that FunderPro have a lot of room to improve and most probably will adjust their terms in the future. Also we believe it is really important to point out that FunderPro claim that they fund their traders with real capital once funded. So this is for sure one of the main benefits of their product.
Currently MyFundedFX and Bespoke Funding are the leaders in that niche both companies are offering incredible deals right now make sure to check them and use our biggest discounts HERE.
FunderPro’s UI and UX
FunderPro’s UI
We believe that FunderPro currently got one of the best looking and cleanest website and dashboard designs. The website is easy to navigate, everything on the platform is fully responsive and their branding is based around their partnership with F2 star – Oliver Bearman.
Dashboard
The dashboard is not lagging, it is simple, yet clean and you can stay informed about the status of your account. It is also the place where you can request profits once funded or become an affiliate.
FunderPro Trading Instruments and Fees
Brokers
FunderProusesOspreyFXas its broker.OspreyFXprovides traders access to the high-quality liquidity provided by leading investment banks, along with fully open and clear dark pool liquidity execution spaces. This ensures the opportunity to experience exceptionally narrow spreads, commencing from 0.0 pips. Begin your trading journey today and engage in transactions alongside the globe’s major banks and financial establishments. All your trading orders will be promptly managed through our authentic ECN trading setting.
When it comes to trading platforms, FunderPro offers the widely used MetaTrader 4 and MetaTrader 5. They also provide a cutting-edge trading platform called TradeLocker, which has charts powered by TradingView. This platform enhances the trading experience and provides users with additional features. It is important to note that the company who is developing FunderPro is also the company which is developing TradeLocker. So this guys are definitely helping the industry to innovate!
Here is a quick look of what actually TradeLocker is look like. Pretty neat platform in which you utilize all the nice features from TradingView. A trader’s dream come true.
Instruments
Forex
Commodities
Indices
Disclosure:
The trading instruments displayed above are examples of what this prop firm offers, and not all instruments may be shown or the correct brokers may be listed.
Fees
| Fees | |
| Forex | 7$ per lot |
| Metals | 7$ per lot |
| Indices | 7$ per lot |
| Crypto | 7$ per lot |
| Commodities | 7$ per lot |
Spreads
You can check FunderPro’s spreads here:
| MT4 Login ID: | Password: | Server ID: |
| 5084770 | pQk0#NAD | Osprey-Real |
FunderPro Social Presence & Web traffic
Social Presence
FunderProcan be found on almost every major social network. Their accounts are not so big but rather active. We are quite sure we will see them grow exponentially in the future. Here are some of their key metric:
– Twitter: 1.4k followers;
– Instagram: 2.8k followers;
– Facbook: 210 followers;
– YouTube: 530 followers;
– Discord: 3.6k users;
– Telegram: 500 users;
Web Traffic
Seems like after a big ads campaign right now the traffic to FunderPro is cooling off. But it remains steady over 100k mark. For now FunderPro is not one of the biggest guys in the industry but definitely worth a check.
FunderPro Community Feedback
Engagement
They got Discord which is not the best in terms of organization but still not the worst also. They community seems small currently but you can notice definitely a lot of activity on their Discord.
Payment proofs
Feedback and reviews
Overall FunderPro community is still young and could be said that there is no much hype around this prop firm. But as far as community feedback is going we can see that a lot of positive reviews can be found on Trust Pilot.
Support
FunderProhas aFAQpage where you might find the missing information.
The support team is available on their social media, or you can directly contact them on their website via form here.
They also have active live chat support, where you can message them, and you will get a reply on your email.
You can also check out theirDiscordchannel, as we already stated that above their Discord is really nice place to be, it has different channels where the support team and the community will help if you require any support or face technical issues.
We have tested support on FunderPro on multiple occasions and we can tell for sure that their response is fast and accurate. It can be due to fact that community is still small so the support agents are not so overwhelmed.
Our Experience
We are still trying to fund a live account and receive payouts from this company on our own. So make sure you check back later since we will be sharing here our own experience using their services.
Conclusion
FunderPro is a legitimate proprietary trading firm that provides traders with few evaluation program account sizes to choose from. Their evaluation programs consist of two phases, a standard practice in the industry, where traders need to meet specific profit targets to become funded and eligible for profit splits. In Phase-1, traders are required to achieve a 10% profit target, followed by an 8% target in Phase-2. These targets are considered reasonable trading objectives, considering the firm’s 5% maximum daily and 10% maximum loss rules.
FunderPro stands out by offering traders the opportunity to earn 80% profit splits and the ability to scale their accounts up to $5,000,000. Their trading rules are relatively relaxed, making them an attractive option for individuals with diverse trading styles. While they are a newer firm, the conditions they provide and their potential make them a promising choice in the proprietary trading industry. In conclusion, we would recommend FunderPro to anyone in search of a prop firm that combines favorable trading conditions with the potential for growth.
Last updated: 22/09/2023
