Jeremy Biberdorf
By: Jeremy Biberdorf
March 31, 2024

FunderPro Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
March 31, 2024

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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4.5/5

4.5 rating based on 5 ratings

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In a Nutshell: Are you looking to elevate your trading skills with a firm that’s revolutionizing the financial markets? FunderPro, established in 2023 and based in Malta, offers traders the chance to manage accounts up to $200,000 with high-profit splits of up to 90%. Picture yourself trading forex pairs, commodities, indices, and cryptocurrencies with someone else’s money.

Led by CEO Gary Mullen, FunderPro breaks away from complicated trading rules. Their unique two-phase evaluation process gives traders unlimited time to showcase their skills. Successful completion of this challenge leads to a funded account, free from profit targets and only requiring adherence to loss rules.

Payments are made weekly, with the first payout available just seven days after your first profitable trade. Thanks to a direct partnership with a tier-1 liquidity provider, FunderPro provides institutional data feeds and direct market access to live corporate accounts.

Their cutting-edge TradeLocker platform further enhances the trading experience.
FunderPro also offers educational resources and a well-structured dashboard for effective risk management.

My review will cover why FunderPro stands out in the proprietary trading industry. Stay with me to see how FunderPro can transform your trading journey.

Service TypeFees Promotion
Prop Trading FirmVariable10% coupon modest10
Pros & Cons
Pros
  • High Capital Management: Traders can manage up to $200,000.
  • Generous Profit Splits: Traders keep up to 90% of their profits.
  • Daily Payouts: Payments can be requested daily, as long as profit is at least $100
  • No Trading Time Limits: No deadlines for completing the evaluation program.
  • Variety of Trading Instruments: Traders can trade in forex, commodities, indices, stocks, and cryptocurrencies.
  • High Leverage: Up to 1:200 leverage available.
  • Educational Resources: The company provides learning resources.
  • Account Scaling: Account balance can increase by 50% every three months up to $5 million.
  • Refundable Fee: After passing the challenge, traders are refunded their evaluation fees.
Cons
  • Difficult Evaluation: The two-phase evaluation can be challenging for some.
  • New Company: FunderPro is a new company established in 2023.
  • No Credit Card Deposits: They don't currently accept credit card deposits.

FunderPro Overview

Initial Capital$25,000 – $200,000
Price Range$249 – $1079
Profit SplitUp to 90%
Daily Loss5%
Max Drawdown10% maximum loss throughout the challenge. 8% maximum daily loss.
Profit Target10% Phase 1 and 8% Phase 2
Tradable ProductsForex, Commodities, Indices, Stocks, Crypto

What is FunderPro?

funderpro.com website

FunderPro is a cutting-edge proprietary trading firm headquartered in Malta. Launched in 2023, it offers traders the potential to manage accounts of up to $200,000, retaining up to a substantial 90% of the earned profits.

Traders can diversify their strategies across various instruments, from forex pairs and commodities to stock indices and cryptocurrencies.

Gary Mullen, the visionary CEO, designed FunderPro with a fresh approach. Bypassing conventional trading constraints, the firm presents a unique two-phase assessment.

This evaluation isn’t time-constrained and aims to identify traders who excel in maintaining profitability while minimizing risks. Successful participants are granted a funded account, devoid of profit targets but governed by loss regulations.

Benefits for traders include weekly payouts after their initial profit-making trade. Plus, through FunderPro’s alliance with a top-tier liquidity provider, traders gain access to institutional-level data and direct market entry with live accounts.

The preferred trading platform is the sophisticated TradeLocker, which is available to traders. Discover more about FunderPro and get a special sign-up discount through this link.

Feel free to explore this remarkable company and its impressive platform by signing up. Enjoy a special discount when you register using my link.

Who is Gary Mullen From FunderPro?

Gary Mullen, the Co-Founder and CEO of FunderPro, is a dynamic leader in the fintech and trading markets. With an innovative mindset and extensive experience, Gary is transforming the proprietary trading firm industry.

Before FunderPro, Gary was the Chief Commercial Officer at Red Acre Group, where he implemented successful commercial strategies that significantly boosted revenue growth and market expansion. His background in commercial strategy, marketing, and sales has been instrumental in shaping FunderPro’s vision.

Gary spent over a decade as an innovation manager, spearheading large-scale transformation projects that delivered exceptional results. His strategic vision and ability to leverage innovative solutions have driven success even in the most challenging markets. At FunderPro, he aims to build a world-class organization that revolutionizes the fintech industry.

Under Gary’s leadership, FunderPro has eliminated complicated trading rules and offers traders unlimited time to complete their evaluation phases. Gary’s commitment to trader success is evident in the resources and educational tools FunderPro offers. These resources help traders improve their performance and achieve consistent profits.

FunderPro’s innovative approach, led by Gary Mullen, sets it apart in the proprietary trading firm industry. With a focus on flexibility, advanced features, and a commitment to trader safety, FunderPro provides an excellent environment for traders to grow and succeed.

External FunderPro Reviews & Ratings

SiteRating
Forex Broker Report5
Trustpilotfunderpro trustpilot review
Start Business Online4.3
Forex Prop Reviews4.3

Firsthand User Experience with FunderPro

Here are some telling reviews I came across, from traders who have experienced the platform firsthand:

“FunderPro is seemingly distancing themselves from their competitors in the industry by offering outstanding features with the Trader in mind.”
“I am so pleased I did sign with Funderpro. The attention to the detail and to you as trader is magnificent. Even myself no trading because I have health problems, but Funderpro cared for me and send me so many amazing comments and messages to get better soon and get back to trading. I am very please and I would recommend them to everyone. Funderpro not only got the money and the platform; Funderpro got heart as well .”
“Funderpro approach is awesome, you can practice with demo or trial account to get familiar with the challenges rules and regulations before investing your hard earned money into the challenge phases. Also, their guidelines makes me more professional trader by embedded myself in a responsible trading manner that won’t blow my account or put me at risk of losing my money. Daily tracking of my progressive performance gives me that feeling of successful trader with disciplinary actions.”
“I knew funderpro and since I joined them I have never been seen a prop firm better than them at commitment to and welfare for traders, they offer you no trading limits offering a limitless opportunity for wealth creation.”

FunderPro Review Videos

FunderPro’s Evaluation Program: How It Works

FunderPro operates through an innovative system designed to identify disciplined, consistent traders who can effectively manage risk while hitting specific profit targets.

This system, developed by CEO Gary Mullen, is a two-phase evaluation program, which is broken down below:

Phase 1: In Phase One, traders are required to achieve a 10% profit target without exceeding a 5% maximum daily loss or 10% total loss. There’s no maximum limit to the trading period, allowing traders to take their time to hit these goals, but they must trade for at least five days, the minimum trading days, to move to the next phase.

Phase 2: Phase Two is the verification phase; it mirrors the first but with an 8% profit target. Again, traders should not surpass the 5% daily drawdown or 10% total loss rules, and they need to trade for at least five days to progress.

FunderPro’s Consistency Rule

Funderpro has a consistency rule that acts as a guide in Phase Two of the challenge, which helps direct traders towards a path of steady profit growth rather than volatile jumps.

This rule signifies that the profit gained in a single day should not constitute more than 60% of the total profits amassed throughout the challenge. It’s a method designed by FunderPro to moderate risk and encourage sustained progress in trading.

Funderpro Trader

Once both evaluation phases are successfully completed, following all rules, including the consistency rule, traders are rewarded with a funded account to trade in the proprietary trading platform.

This is the stage where you’re considered a Funderpro trader. In this stage, there are no set target profit. Traders’ primary responsibility is to respect the 5% maximum daily loss and 10% total loss rules (Maximum drawdown.)

Account Sizes and Prices

FunderPro offers a variety of account sizes to suit everyone’s trading needs and budget thereby giving talented traders the opportunity to succeed. The options range from $25k to $200k, meaning there’s something for every trader. Here’s how the pricing for funded trading accounts breaks down:

  • A $25k account costs $249
  • A $50k account goes for $349
  • A $100k account is priced at $549
  • And a $200k account is available for $989

Each account option comes with a leverage of 1:100 (1:200 for Indices), enhancing your trading power.

Plus, if you’re unsure, FunderPro offers a free trial to help you get a feel for their platform before you commit. It’s all about giving you the flexibility and support you need to succeed in trading.

Scaling Plan

FunderPro encourages traders to scale new heights in their trading journey. Consistent and profitable traders are given the opportunity to increase their account balance by 50% every three months, up to a remarkable $5 million.

This scaling plan, however, is exclusive to participants of the $100k and $200k challenges who successfully achieve a 10% profit target consistently over three months.

Check FunderPro website to confirm current pricing and full terms.

Your Funderpro Payout Process

FunderPro’s payout system starts once you pass their two-step evaluation and get a funded account. With this, a larger portion of the profit you make is yours to keep.

Your first payout comes in just seven days after your first trade if you’re profitable. After that, you can request daily profits as long as you have at least $100 in profits available for withdrawal. That means every week, you have a chance to earn from your trades. Traders can typically expect to receive their payouts within a quick timeframe of 24 to 48 hours.

To me, the best part is that you get to keep up to 90% of your profits. So, the more successful trades you make, the more money you take home every week. It’s as simple as that!

Broker and Trading Platforms

FunderPro has a partnership with a top-level liquidity provider. This provider gives FunderPro direct access to the financial markets and an institutional data feed for their live accounts.

When it comes to trading platforms, FunderPro offers a choice. You can opt for the familiar MetaTrader 4 or MetaTrader 5 platforms.

Alternatively, you can level up your trading experience with TradeLocker, a modern platform with charts powered by TradingView. So, you have plenty of options to pick what suits your trading style best and build your trading career.

Trading Instruments

At FunderPro, trading isn’t confined to just one area. You get a wide range of trading options, from foreign currency pairs in forex trading, commodities, and market indices, to cryptocurrencies. So, you can select what you’re most comfortable with or explore new areas all in one place.

FunderPro tradable assets:

  • FX Majors
  • FX Crosses
  • FX Exotics
  • Indices
  • Commodities
  • Cryptos
  • Metals

Support

I like that FunderPro ensures you’re never left in the dark. If you’ve got questions, the FAQ section on their homepage is a great place to start. It’s packed with information you might need.

And if you need more help. The FunderPro support team is always within reach. You can connect with them on their social media channels, drop a message on their website. They’re always ready to assist and ensure your trading experience is smooth.

Customer Reviews

FunderPro is rapidly making a positive impression on Trustpilot due to its exceptional services. Although it’s a challenge for newer firms to earn trust, FunderPro is establishing its longevity, as evidenced by over 237 reviews and an excellent rating of 4.4 out of 5 stars.

Reviewers frequently highlight the firm’s remarkable platform, professional support, and accommodating trading rules, particularly the absence of a time limit.

Some lower ratings pointed out the absence of credit card deposit options, a concern to which FunderPro promptly responded, stating they’re actively working on this addition.

FunderPro Credibility – Are They Legit?

After a deep dive, I can only conclude that FunderPro is a legitimate enterprise. Despite its recent inception, it has swiftly built a trustworthy reputation within the world of proprietary trading.

The inventive strategies of CEO Gary Mullen have shaped FunderPro’s unique two-phase evaluation program and favorable profit split of up to 90%, enhancing its attractiveness to traders. The company’s solid Trustpilot rating reinforces its credibility. As a new player, FunderPro demonstrates its legitimacy through its trader-focused approach and unwavering commitment to fostering trader success in the industry.

FunderPro Review – Final Thoughts

Concluding my exploration of FunderPro, it’s clear to me that this novel proprietary trading firm has a lot to offer. By giving traders the freedom to manage significant accounts and retain a sizable portion of their profits, FunderPro is creating a more accessible and rewarding trading environment.

The innovative two-phase evaluation program is a testament to their commitment to fostering disciplined and successful traders. Their payout system is beneficial, and the opportunity to leverage trades up to 1:200 broadens potential returns.

Moreover, their strategic partnership with a high-tier liquidity provider and the provision of popular trading platforms promise an enhanced trading experience.

However, remember that trading involves risks. Although FunderPro provides resources to aid in risk management, it’s crucial to understand the markets and manage risks wisely. This prop firm is definitely worth a look, especially for those eager to climb the ladder in the trading industry without complex restrictions.

Now, it’s your turn to seize the opportunity. Ready to embark on your trading journey with FunderPro? Register today and remember to use the promotional code ‘modest10’ to enjoy a 10% discount. Take your first step towards becoming a successful trader with FunderPro.

Frequently Asked Questions

You can secure funding on FunderPro by registering on their website. By using the provided link below, you can also enjoy a 10% discount on your registration.

FunderPro places no restrictions on the number of accounts you can purchase. However, the combined initial capital across all your accounts cannot exceed $200,000.

FunderPro currently accepts payments through credit card and cryptocurrency.

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.

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