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Fx2 Funding Broker Review

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FX2 Funding 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of proprietary trading, FX2 Funding has emerged as a notable player since its inception in January 2023. This review synthesizes insights from multiple sources to provide a comprehensive overview of FX2 Funding, highlighting user experiences, pros and cons, and expert opinions. Key features include a straightforward evaluation process, high profit-sharing potential, and flexible trading conditions, making it an appealing option for many traders.

  Note: It is crucial to be aware that FX2 Funding operates through various entities across different regions, which may impact user experiences and regulatory oversight. This review aims to present a balanced perspective based on the most relevant information available.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 5
Customer Service and Support 8
Trading Setup (Experience) 6
Trustworthiness 6
User Experience 7
Regulatory Compliance 5

  How We Rate Brokers: Our ratings are based on an analysis of user feedback, expert reviews, and factual data regarding services offered.

  

Broker Overview

  FX2 Funding is a proprietary trading firm based in the United States, partnering with the regulated Australian broker Eightcap to provide its trading services. The firm allows traders to manage accounts ranging from $10,000 to $200,000, with a profit-sharing model that can see traders retain up to 85% of their profits. The evaluation process is notably streamlined into a single phase, which requires traders to achieve a 10% profit without the pressure of strict time constraints. The trading platforms available include MetaTrader 4 and MetaTrader 5, with a focus on forex, indices, and cryptocurrencies.

  

Detailed Analysis

  

Regulatory Landscape

  FX2 Funding operates under the auspices of the United States, but it is important to note that it does not hold licenses from major regulatory bodies such as the FCA or ASIC, which raises concerns regarding its regulatory compliance. As a result, traders seeking a highly regulated environment may find FX2 Funding less appealing. However, the firm has established a reputation for fulfilling its obligations to traders, as indicated by positive user reviews on platforms like Trustpilot.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  FX2 Funding allows deposits in USD, with options for withdrawals through various methods, including bank transfers and electronic wallets like PayPal and cryptocurrency platforms. The minimum deposit to start trading is set at $95, which is refundable upon successful completion of the evaluation challenge. Withdrawals can be requested after seven days of trading, with subsequent payouts occurring every 14 days.

  

Account Types and Costs

  FX2 Funding offers five different account types, each with varying initial deposits and trading conditions. The starter account requires a $95 deposit, while the master account necessitates a $925 deposit. All accounts share a common profit target of 10% and adhere to strict drawdown limits—4% daily and 6% total. The firm does not charge withdrawal fees, but traders should be aware of the potential for longer account lockout periods during the scaling process.

  

Trading Instruments and Leverage

  The available trading instruments at FX2 Funding include forex pairs, indices, and cryptocurrencies. The leverage offered is up to 1:100 for forex and indices, while it is capped at 1:20 for cryptocurrencies. This flexibility allows traders to tailor their strategies according to their risk appetite and trading style.

  

Customer Support and Languages

  FX2 Funding prides itself on its customer service, offering support via email, phone, and live chat 24/7. The responsiveness and competence of the support team have been positively noted by users, contributing to a satisfactory overall trading experience. However, the lack of educational resources and analytical tools has been highlighted as a drawback, suggesting that traders may need to seek external resources to enhance their trading knowledge.

  

Final Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 5
Customer Service and Support 8
Trading Setup (Experience) 6
Trustworthiness 6
User Experience 7
Regulatory Compliance 5

  

Detailed Breakdown

  •   Account Conditions (7/10): The accounts are straightforward, with a low entry cost and a clear profit target. However, the lack of a demo account may deter some traders.

  •   Tools and Resources (5/10): The absence of educational materials and analytical tools is a significant gap, making it challenging for novice traders to find guidance.

  •   Customer Service and Support (8/10): Users report high satisfaction with the support team, noting their availability and responsiveness to queries.

  •   Trading Setup (6/10): While the trading experience is generally smooth, the restrictions on drawdowns may pose challenges for some traders.

  •   Trustworthiness (6/10): Although the firm has received positive reviews, the lack of regulation from major bodies raises concerns.

  •   User Experience (7/10): Overall, user experiences are mixed, with many appreciating the flexible trading conditions but expressing concerns about the withdrawal process during scaling.

  •   Regulatory Compliance (5/10): The lack of regulation from major authorities is a drawback for those prioritizing regulatory oversight in their trading activities.

  In summary, FX2 Funding presents a compelling option for traders seeking flexibility and a straightforward evaluation process. However, potential users should weigh the benefits against the regulatory concerns and the limitations in educational resources. As always, it is advisable to conduct thorough research and consider personal trading needs before engaging with any trading firm.