The Funded Fx Forex Broker

Aspect Information Company Name The Funded Fx Registered Country/Area Saint Lucia Founded Year 2022 Regulation Unregulatory Minimum subscription fee $60 Maximum Leverage 1:100 Spreads N/A Trading Platforms Web Platform Tradable Assets currency pairs, commodities, indices, and more Account Types Demo, Micro, Basic, Elite, Pro, Maestro, Royal Demo Account Available Customer Support Email, message box, social media channels Deposit & Withdrawal Perfect Money, USDT/Tether, BTC, and bank transfer Educational Resources FAQ, video Overview of The Funded Fx The Funded Fx, established in 2022, is a prop trading firm that offers funded trading accounts to forex traders. The firm provides a unique opportunity for traders to access substantial capital, up to $200,000, and earn a profit share of up to 90%. The Funded Fx aims to empower traders by providing them with the necessary tools and resources to succeed in the forex market. The firm's program is designed to attract skilled traders who can consistently demonstrate profitable trading strategies. By offering funded accounts, The Funded Fx eliminates the need for traders to risk their own capital, allowing them to focus on their trading performance. However, the lack of regulatory oversight and the inherent risks associated with prop firm trading should be carefully considered before participating. Regulatory Status The Funded Fx has no valid regulatory certificates. The Funded Fx is incorporated in Saint Lucia, yet it lacks regulation from any recognized financial authority. It's crucial to understand that engaging with an unregulated broker entails significant risks due to the absence of a supervisory entity to enforce ethical practices and safeguard client assets. Pros and Cons The Funded Fx offers a trader-friendly environment with high profit-sharing potential, no risk to personal capital, scalable accounts, a transparent evaluation process, and no minimum trading days requirement. These features provide traders with the opportunity to maximize their earnings, build a sustainable income, and trade with confidence and flexibility. While The Funded Fx presents an appealing opportunity for traders with its profit-sharing model and funded accounts, potential clients should be aware of several limitations. The lack of regulatory oversight raises concerns about the security of client funds and adherence to industry standards. Additionally, the upfront subscription fee, strict drawdown limits, and exclusive focus on forex trading might not suit all traders. Furthermore, the limited educational resources may not adequately support inexperienced traders in their learning journey. Pros Cons High Profit-Sharing Potential Unregulated Entity No Risk to Personal Capital Subscription Fees Scalable Accounts Strict Drawdown Limits Transparent Evaluation Process Limited Educational Resources No Minimum Trading Days Requirement Program The Funded Fx offers a unique program designed to identify and fund skilled forex traders. The program consists of two main phases: Evaluation Phase: Traders start with a demo account and must achieve a 10% profit target within a specified period while adhering to risk management rules. This phase assesses the trader's skills, consistency, and risk management abilities. Funded Phase: Upon successful completion of the evaluation phase, traders receive a funded account with the chosen amount. They can then trade with the firm's capital and earn a profit share based on their performance. The profit share increases as traders progress through different scaling plans, reaching up to 90% for consistent profitability over 12 months. How Does the Program Work？ The Funded FX offers an empowering program for its funded traders, allowing accounts to grow significantly through a structured, phase-based approach. Heres a detailed breakdown of their program: Apply: Traders apply for the Fully Funded Trader Program by completing an online application form and providing accurate contact details. Choose a Plan: Select the desired funding level, ranging from $5,000 to $200,000, based on individual trading goals and risk tolerance. Pay the Subscription Fee: Pay the corresponding subscription fee for the chosen plan. This fee is refundable upon reaching the profit target in the evaluation phase. Pass the Evaluation: Trade on a demo account and achieve a 10% profit target within the specified period without violating any trading rules. Receive Funding: Upon successful evaluation, traders receive a funded account with the chosen amount. Trade and Earn: Trade the funded account, adhering to risk management rules, and earn a profit share based on performance. Traders can scale their accounts up to $2 million by consistently achieving profit targets. Scaling Plans The Funded Fx offers six scaling plans with different funding amounts and subscription fees: Micro Plan: $5,000 funding, $60 subscription fee Basic Plan: $10,000 funding, $100 subscription fee Elite Plan: $25,000 funding, $200 subscription fee Pro Plan: $50,000 funding, $300 subscription fee Maestro Plan: $100,000 funding, $500 subscription fee Royal Plan: $200,000 funding, $1,000 subscription fee Each plan offers the same leverage(1:100) and drawdown limits (5% daily, 10% overall), ensuring consistent trading conditions across different account sizes. Subscription fees are refundable upon meeting certain profit targets during the evaluation phase. These plans are designed to help traders scale their accounts and potentially access up to $2 million in funding while enjoying up to 90% profit sharing based on performance. Leverage The Funded Fx offers a leverage of 1:100 across all its trading accounts, allowing traders to amplify their positions and potentially increase their returns. This consistent leverage is available for all account sizes, from the Micro to the Royal plan. Trading Fees The Funded Fx does not charge any commissions on trades and boasts ultra-tight spreads. The only cost involved is the initial subscription fee, which is fully refundable with the first profit withdrawal. This fee structure is designed to be transparent and trader-friendly, minimizing trading costs and maximizing potential profits. Trading Platform The Funded Fx offers a proprietary web-based trading platform. The platform is user-friendly and easy to navigate, providing essential tools for forex trading, including real-time charts, technical indicators, and various order types. However, it lacks the advanced features and customization options found in other popular trading platforms like MetaTrader 4 or 5. Deposit and Withdrawal The Funded Fx does not require any initial deposit as traders operate with the firm's funds. Withdrawals can be made through Perfect Money, USDT/Tether, BTC, and bank transfer. The minimum withdrawal amount is $10. The processing time for withdrawals varies depending on the chosen method. Customer Support For any inquiries regarding customer support, trading hours, funding accounts, or opening new accounts, The Funded Fx provides various contact options to assist clients with different needs. Email: Clients can contact the customer support team via email. General customer support can be contacted at support@thefundedfx.com. Message box: Additionally, clients can leave a message on the website using the message box. Social media channels: The Funded Fx also offers social media channels such as Facebook, Twitter and Instagram. They also boast a dedicated account manager available 24/5 to assist funded traders in achieving their trading goals. However, no phone support is offered. Educational Resources The Funded Fx provides limited educational resources, including a FAQ section and a “Discover” video. The FAQ section addresses basic questions about the program and trading, while the video provides an overview of the platform and its features. However, more comprehensive educational materials, such as webinars, tutorials, or articles, are not available. Conclusion The Funded Fx presents a unique opportunity for skilled forex traders to access substantial funding and potentially earn a high profit share. The platform's transparent evaluation process, scalable accounts, and no minimum trading days requirement are attractive features. However, the lack of regulatory oversight and limited educational resources are notable drawbacks. Potential users should carefully weigh the risks and benefits before participating in the program. FAQs Q: Is The Funded Fx a regulated broker？ A: No, The Funded Fx is not regulated by any financial authority. Q: What is the minimum deposit required to join The Funded Fx program？ A: There is no minimum deposit requirement. However, traders need to pay a subscription fee to participate in the evaluation phase. Q: What trading platform does The Funded Fx offer？ A: The Funded Fx offers a proprietary web-based trading platform. Q: What is the profit-sharing structure at The Funded Fx？ A: The profit share starts at 60% and can increase up to a lifetime 90% based on the trader's performance. Q: How can I contact The Funded Fx customer support？ A: You can contact customer support via email or the online message box on their website.