By: Jeremy Biberdorf
July 31, 2023

Fortunes Funding Review 2024

By: Jeremy Biberdorf
July 31, 2023

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
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3.8/5

3.8 rating based on 5 ratings

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In a nutshell: Fortunes Funding is a proprietary trading firm that provides talented traders the unique opportunity to manage up to $300,000 in capital. This firm not only serves as a platform to boost trading endeavors but also as an empowering and supportive environment that nurtures trading talent.

Fortunes Funding operates with a unique approach. They understand that every trader has a unique trading style, strategies, and objectives; therefore cater to these diverse trading skills by employing a 2-tier evaluation process, the 1-phase and 2-Phase evaluation process. Here, traders get to prove their trading skills and demonstrate their grasp of market trends, trading news, and macroeconomic trading impacts. But it’s not just about passing an evaluation. It’s about displaying discipline, sound financial decisions, and a comprehensive understanding of trading terms and strategies.

The firm embraces a competitive profit-sharing model, offering an enticing 80% of the profits back to the traders. It’s a lucrative system that doesn’t just reward success but also encourages personal growth in the trading landscape.

An important feature that distinguishes Fortunes Funding from others is its commitment to leveraging the latest in trading technology. Traders are equipped with access to first-rate mobile trading applications. These platforms serve as powerful tools, delivering real-time market data right to the traders’ fingertips.

This Fortunes Funding review will give you a clear picture of what the prop firm offers.

Service TypeFees Promotion
Prop Trading FirmVariableGet a good discount with our link
Pros & Cons
Pros
  • Traders can manage up to $300,000.
  • Uses a 2-tier evaluation process for diverse trading styles.
  • Offers 80% profit share.
  • Provides the latest trading technology and mobile apps.
  • Challenge fees are refundable after the first profit split.
  • Accepts multiple payment methods, including cryptocurrencies.
  • Highly rated on Trustpilot
  • EA’s Allowed
  • Traders can hold positions over the weekends
Cons
  • Challenge participation fees can be high for larger accounts.
  • Minimum active participation of 21 days is required before the first payout.
  • Leverage levels may be low for certain instruments, like cryptocurrencies.

Fortunes Funding Overview

Initial Capital $5,000 – $300,000
Price Range $65 – $1419
Profit Split80%
Daily Loss3%
Max Drawdown10%
Profit Target10%
Tradable Products Forex, Metal, Indices

What is Fortunes Funding?

Fortunes Funding is a leading proprietary trading firm that provides opportunities for traders to manage up to $300,000 of investment capital. This platform nurtures trading talent by creating a supportive environment that focuses on individual skills.

The proprietary firm was created by a team of experienced traders with firsthand experience enough to understand the challenges faced by retail traders and try to give them a much better platform to help them become successful in trading.

The platform employs advanced trading technology and offers a variety of challenges for traders to prove their skills. Fees for participating in challenges are refundable as part of the first profit split for funded traders.

Their robust platform provides diverse trading instruments and leverage options, and they accept multiple payment methods, including cryptocurrency. Payouts are done through Deel, with traders keeping 80% of the profit. Consider signing up with this proprietary trading firm today to benefit from their exciting offers.

External Fortunes Funding Reviews & Ratings

SiteRating
Online Prop Trading4.7
Trustpilot4.4 from 353 reviews

Here are some reviews from traders who have experienced the platform firsthand:

“Fortune funding truly cares about fledgling traders and gives them the opportunity to try again even when they fail. Helping traders come back after a failure is really encouraging. Am sticking with fortune funding for my fortunes.”
“Fortunes Funding has a very professional and fast working team. My round 1, 2 and live accounts are all provided automatically. All questions are answered by the staff professionally, quickly and friendly. Luckily I’m trading at Fortunes Funding.”
“Your customer service is brilliant, u have an amazing teams thats willing to help and the perfect mentor backing this prop firm. I would change nothing about mt experience so far.”
“The best trading conditions i’ve seen on a propfirm. Low spreads and instant execution. Couldnt ask for better. James well done bro and hope Fortunes recieves all the success it deserves.”

How Fortunes Funding Works

Fortunes Funding offers a unique model that enables traders to showcase their skills, pass evaluations, and receive funding. Their process features two challenge types: a one-phase challenge and a two-phase challenge.

One Phase Challenge

In the one-phase challenge, traders undergo a single phase of evaluation. Here, they can manage various accounts ranging from $5,000 to $200,000. The trading rules provide them with unlimited days to achieve a 10% profit target. Traders need to participate for at least one trading day, employing leverage of up to 1:30 for Forex instruments. This challenge also imposes a maximum daily loss of 3% and 6% maximum loss limits of the initial balance, thereby promoting responsible trading habits.

Two Phase Challenge

The two-phase challenge comprises a 2-step evaluation and a verification phase. Traders who successfully complete the first phase progress to the second, with account sizes extending up to $300,000. To pass the challenge, the profit target must be met without any drawdown violations. The maximum daily loss for both phases is 5%, and the maximum overall loss allowed in both phases is 10%, ensuring equity doesn’t fall below 90% of the initial account balance. With no minimum trading days required, a trader can progress to the next phase or become a funded Fortunes Funding trader as soon as they meet the trading objectives. For Phase 1, the profit target goal is 9%, while the profit target for Phase 2 is 4.5%.

Once traders complete the evaluation phase, they become official Fortunes Funding traders and get funded. With no target profit in this stage, they are encouraged to trade consistently and carefully, ensuring not to violate the drawdown rules, both Max Daily Loss and Max Overall Loss.

Account Sizes and Prices

The cost of participating in Fortunes Funding’s challenges depends on the challenge type and account size. For the one-phase challenge, the prices range from $65 for a $5,000 account to $975 for a $200,000 account.

In detail, for the one-phase challenge:

  • A $5,000 account costs $65
  • A $10,000 account is priced at $105
  • The cost for a $25,000 account is $195
  • A $50,000 account is available for $295
  • A $100,000 account can be obtained for $515
  • The price for a $200,000 account is $975

For the two-phase challenge, prices start at $69 for a $5,000 account and go up to $1,419 for a $300,000 account.

Here’s the breakdown for the two-phase challenge:

  • The cost for a $5,000 account is $69
  • A $10,000 account goes for $109
  • A $25,000 account costs $179
  • A $50,000 account goes for $329
  • $100,000 account costs $479
  • A $200,000 account goes for $949
  • The most sizable account, at $300,000, costs $1,419

Once a trader successfully becomes a funded Fortunes Funding trader, their initial challenge fee is refunded as part of their first profit split, thereby adding another benefit to joining this unique trading program.

Fortunes Funding Instruments

Fortunes Funding offers a broad spectrum of trading instruments through the ThinkMarkets Trading Platform. These instruments are accessible in all phases of their proprietary trading program.

The following are the categories of instruments traders have at their disposal:

  • Forex Pairs and Metals: Traders are allowed to trade Forex pairs and metals ending with an “x”. For instance, you might see currency pairs such as “EURUSDx” or metals like “XAUUSDx”.
  • Major Indices: Traders have the opportunity to trade on major indices. There’s no particular suffix associated with these instruments.
  • Oil Instruments: Oil instruments are also part of the offerings, and similar to indices, they do not carry a specific suffix.
  • Cryptocurrencies: Cryptocurrency pairs can also be traded without any unique suffix.

In essence, with Fortunes Funding, traders have the flexibility to engage with a wide range of financial instruments, providing them with the opportunity to diversify their trading strategies based on their market insights and personal trading goals.

Fortunes Funding Leverage

Fortunes Funding extends varied levels of leverage to its traders across different types of financial instruments. Here’s a detailed look at the leverage offerings:

  • Forex pairs: 1:100 leverage
  • Gold & Commodities: 1:50 leverage
  • Indices: 1:50 leverage
  • Crypto in Challenge Accounts: 1:2 leverage
  • Crypto in Funded Accounts: 1:1 leverage.

Fortunes Funding Payment Methods

Fortunes Funding offers multiple ways for users to pay for their challenges. Accepted methods include credit cards and a variety of cryptocurrencies, such as Bitcoin, Litecoin, Bitcoin Cash, USDC (ERC-20), Ethereum (ERC-20), DAI (ERC-20), and DOGE. It’s crucial to make any cryptocurrency payments within an hour of the Coinbase invoice issue time to prevent any payment loss.

Fortunes Funding Trading Platforms

Fortunes Funding has a reliable partnership with the trusted brokerage, ThinkMarkets. This online platform, frequented by speculative forex traders, enables them to engage in trades with ease and efficiency.

Fortunes Funding Payouts

Fortunes Funding implements straightforward rules for a seamless payout process facilitated through Deel. Every trader is required to participate actively for a minimum of 21 days before their first payout request can be entertained. Following the first payout, the subsequent ones maintain a 21-day cycle from the first trading day. Traders with scaled accounts have the privilege of opting for bi-weekly payouts. A fundamental rule is that all positions or orders must be closed before a payout request, as accounts transition to read-only during this period. For the community’s protection, identity verification is a prerequisite before any payouts. Adhering to these rules and steering clear of drawdown violations are paramount for success at Fortunes Funding.

Profit Split

In their commitment to the prosperity of traders, Fortunes Funding offers a highly beneficial profit sharing. They allow traders to retain an impressive 80% of the profit, while the company maintains only 20%.

Fortunes Funding Support and User Experience

Fortunes Funding provides a comprehensive FAQ section designed to address most inquiries from users. However, if further clarification or assistance is needed, their dedicated team is just an email away. The team at Fortunes Funding values prompt communication and aims to respond within a 24-hour window.

Customer Reviews

Fortunes Funding boasts an excellent rating on Trustpilot, achieving 4.4 stars out of 5. This ranking is based on the feedback of over 333 users, a testament to their quality services. The firm is consistently praised for its exceptional customer support, competitive pricing structure, user-friendly platform, and seamless payout system. Additionally, the company’s CEO, James, has received notable accolades for his unwavering commitment to the firm’s community.

Fortunes Funding Community

Fortunes Funding isn’t just about providing an outstanding platform for traders; it’s about cultivating a thriving community that fosters growth. This is evident in their Funded Account Leaderboard, which proudly displays the top performers and inspires all traders with the heights they can reach within the Fortunes Funding system.

Moreover, the company’s active presence on Discord and other social media platforms encourages real-time interaction between the firm and its traders. This ongoing dialogue boosts the sense of community, creating an inclusive environment that goes beyond just trading and instills a shared passion for financial growth.

Should You Give Fortunes Funding a Thought?

Yes, Fortunes Funding is worth considering. This company has a proven track record, boasting a 4.4-star rating on Trustpilot, vouched for by over 333 users. They provide a nurturing environment for traders and offer an exceptional 80% profit share.

The unique 2-tier evaluation process is specifically designed to cater to your unique trading style. They believe in your trading talent and offer an opportunity to manage up to $300,000 in capital.

Their payouts are seamless, handled through Deel, and they also refund your initial challenge fee as part of the first profit split, making it a win-win situation for you.

The availability of advanced trading technology and a diverse array of trading instruments ensures you’re always on top of your game.

The cherry on top is the exceptional customer support, ready to assist whenever you need it.

Fortunes Funding Review – Final Thoughts

After a comprehensive review, it’s clear that Fortunes Funding stands out as a notable proprietary trading firm. Its unique approach of nurturing individual trading talents rather than just focusing on financial success resonates with both novice and experienced traders.

The firm’s flexible 2-tier evaluation process, which caters to various trading styles and techniques, allows traders to showcase their skillsets effectively. This is bolstered by the firm’s commitment to the latest trading technology, ensuring traders have access to real-time market data.

One of the most significant aspects that distinguishes Fortunes Funding from other firms is its competitive profit-sharing model. Traders receive an impressive 80% of profits, a compelling incentive that encourages continued personal growth in the prop trading industry.

While participation fees may seem steep, it’s notable that these fees are refundable after the first profit split, lessening any potential financial risk. However, the firm does require traders to be active for a minimum of 21 days before receiving their first payout, and the leverage levels on certain instruments might be on the lower side.

Despite these few areas of concern, the overall experience provided by Fortunes Funding is overwhelmingly positive, as corroborated by a high Trustpilot rating. It’s also impressive that the firm accepts multiple payment methods, including cryptocurrencies.

Considering all these aspects, it’s clear that Fortunes Funding provides a conducive environment for growth, along with opportunities for traders to manage significant capital. This, combined with reliable customer service and an active trading community, makes it a viable option for traders looking to expand their trading horizons.

Ready to level up your trading skills and enjoy good profit shares? Click here to join the Fortunes Funding firm and embark on your enhanced trading journey today.

Frequently Asked Questions

Yes, they provide traders with the flexibility to maintain their trades over the weekend.

Yes, the prop firm permitted the use of Expert Advisors (EAs).

No, all accounts provided by Fortunes Funding are, in fact, demo accounts. When one becomes a funded trader, they receive a demo account furnished with virtual funds. This account is then linked to a Master Account, which, via copy software, places trades in the live market corresponding to the trades the funded trader executes. This method is widely practiced within the industry, allowing for more efficient risk management. The firm expects its funded traders to operate and manage these accounts as though they were dealing with live funds.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.