REVIEW
Funder Pro
“Transform Your Fundraising Success with FunderPro”
“FunderPro: Revolutionizing Financial Trading with Lower Risks | Empowering Traders of All Levels for Success”
FunderPro stands as an exclusive proprietary trading firm at the forefront of transforming the landscape of trader involvement in financial markets by offering risk-mitigated trading opportunities. The firm has meticulously designed challenges that provide traders of varied expertise an impartial opportunity for success, all while preserving their potential for achieving excellence.
To gauge the proficiency of their traders, FunderPro employs a comprehensive two-phase evaluation process. In the initial phase, traders are provided with a demo account containing virtual funds, facilitating their participation in simulated trading activities. Throughout this period, FunderPro vigilantly monitors their performance and progress.
FunderPro, an innovative proprietary trading firm, is reshaping the dynamics of trader engagement in financial markets, thereby facilitating opportunities for lower-risk trading. Through our platform, traders have the capability to manage account sizes of up to $200,000, enabling them to secure significant profit splits of 80%. This advantageous arrangement is achievable through engaging in trading activities across a diverse array of instruments.
Who are them?
Established in February 2023, FunderPro is an exclusive entity headquartered in Malta, providing traders with the opportunity to engage with a capital allocation of up to $200,000. The company has forged a strategic alliance with a tier-1 liquidity provider, facilitating direct market access through their broker.
FunderPro’s office is located at 30/1, Kenilworth Court, Sir Augustus Bartolo Street, Ta’Xbiex XBX1093, Malta.
The recent announcement by FunderPro pertains to their sponsorship of Oliver Bearman, a promising British racing driver affiliated with the Ferrari F1 Driver Academy, currently competing with Prema Racing in FIA Formula 2. Bearman, a multiple championship title-holder, including the 2021 German and Italian FIA Formula 4 Championships, is recognized as one of the sport’s most talented emerging individuals. The partnership with Bearman reflects FunderPro’s commitment to supporting his racing career progression.
Gary Mullen, FunderPro’s CEO, expressed enthusiasm for sponsoring Ollie Bearman and supporting his exceptional talent. Mullen emphasized the company’s dedication to innovative engagement strategies with their audience, noting that partnering with a dynamic young driver aligns seamlessly with their values. Bearman’s inspiring journey aligns with FunderPro’s approach to nurturing and investing in aspiring traders’ development.
As part of the partnership, FunderPro’s branding will prominently feature on Ollie Bearman’s racing car, suit, and social media channels during the FIA Formula 2 race calendar. FunderPro and Bearman’s team will collaborate to expand the sponsorship’s global reach, conveying the message that success in racing and financial endeavors stems from dedication and perseverance. The company believes such partnerships can positively impact young lives by providing education about global markets and their communities.
Gary Mullen serves as the Chief Executive Officer of FunderPro, a leader in the proprietary trading firm industry. Through meticulous efforts, Mullen and his team have developed a groundbreaking challenge simplifying trading regulations, allowing traders unlimited time to exhibit their prowess and generate substantial capital gains.
This opportunity is extended globally by FunderPro, aiming to empower traders to trade their capital and realize financial benefits. FunderPro’s additional resources are poised to enhance traders’ performance and enable more favorable outcomes in collaboration with the company.
Introduced to the market by Red Acre Group, FunderPro leverages cutting-edge technology as the core of its operational framework. Red Acre Group, a fintech powerhouse with expertise in advanced sectors such as fintech and blockchain technology, offers exceptional business solutions to organizations, aiming to elevate their operations to unprecedented levels of success. Red Acre Ltd’s primary objective is to alleviate business complexities by formulating strategic approaches, platforms, and sustainable solutions that optimize long-term performance and foster lasting prosperity.
Funding Option
FunderPro offers its traders the following evaluation program accounts to choose from.
Evaluating programs account
The FunderPro evaluation program is designed to identify traders who demonstrate consistent and disciplined trading practices, rewarding them for their performance in a two-phase evaluation period. Participants in the evaluation program account have the opportunity to trade with a leverage of 1:100.
During phase one of the evaluation, traders are required to achieve a profit target of 10% while ensuring that they do not exceed a maximum daily loss of 5% or a maximum cumulative loss of 10%. This phase has no specific time constraints, allowing traders to trade at their own pace, but they must fulfill a minimum requirement of five trading days to progress to phase two.
In phase two of the evaluation process, traders must attain a profit target of 8%, adhering to the 5% maximum daily loss and 10% maximum cumulative loss rules. Similar to phase one, there are no time restrictions within phase two. However, traders must again fulfill a minimum of five trading days to advance to a funded account.
Successful completion of both evaluation phases results in the trader being granted a funded account with no profit targets. The trader is required to adhere to the 5% maximum daily loss and 10% maximum cumulative loss rules. The first payout is scheduled seven calendar days after the trader initiates their first position in the funded account, and subsequent payouts will follow a weekly schedule. The profit split will be 80%, based on the trader’s earnings within the funded account.
The evaluation program also includes a scaling plan, wherein traders are expected to achieve a profit target of 10% or more within a three-month period, with at least two out of the three months being profitable. Meeting this requirement results in a 50% increase in the trader’s original account balance.
Trading instruments for the evaluation program accounts include forex pairs, commodities, indices, and cryptocurrencies.
The rules of the evaluation program account are as follows:
Profit Target: This represents a specified percentage of profit that must be achieved by a trader to successfully complete an evaluation phase, withdraw profits, or scale their trading account. The profit target is set at 10% in phase 1 and reduced to 8% in phase 2. Funded accounts are exempt from profit targets.
Maximum Daily Loss: This refers to the highest allowable loss within a single day, capped at 5% regardless of the account size.
Maximum Cumulative Loss: This signifies the maximum cumulative loss before violating the account’s terms, capped at 10% for all account sizes.
Minimum Trading Days: Traders must actively engage in trading for a minimum of 5 days in both evaluation phases. However, funded accounts are not subject to this requirement.
Consistency Rule: This mandates traders to maintain consistent position sizes, implement risk management strategies, and manage losses and gains during phase two of the evaluation process. Profits from the most successful trade must not exceed 60% of the overall profit target during this phase.
What's makes it different from other prop firm?
FunderPro distinguishes itself from leading proprietary firms in the industry by refraining from imposing constraints on trading styles. Within FunderPro, traders enjoy the liberty to participate in trading activities during news events, maintain overnight positions, and trade over weekends.
In contrast to other proprietary firms, FunderPro employs a comprehensive two-phase evaluation program. Successful completion of both phases is imperative for qualifying for payouts. The initial phase involves achieving a 10% profit target, while the second phase requires an 8% profit target. Throughout these phases, specific risk management guidelines are in place, including a maximum daily loss of 5% and a maximum overall loss of 10%. Additionally, traders are expected to actively engage in trading for a minimum of 5 days in each phase before becoming eligible for funding. Importantly, FunderPro’s evaluation programs also incorporate a scaling plan. Notably, unlike other prominent proprietary firms, FunderPro imposes no time restrictions on the evaluation phases, and the profit targets set are achievable without any maximum limitations.
In summary, FunderPro distinguishes itself from the majority of prominent proprietary firms by offering permissive trading regulations. Clients enjoy the freedom to participate in trading activities during news events, maintain positions overnight and over weekends, and encounter no time constraints during the evaluation phases. Nevertheless, FunderPro upholds a competitive and achievable profit target throughout these evaluation phases.
Is getting capital real?
It is crucial to assess the viability of trading requirements when choosing proprietary firms that align with your forex trading style. While the appeal of a company offering a high percentage profit split on a well-funded account may be strong, it is essential to evaluate whether they anticipate significant monthly percentage gains with minimal percentage drawdowns, as this could substantially diminish your chances of success.
Capital received from evaluation program accounts is largely achievable due to their above-average yet realistic profit targets (10% in phase one and 5% in phase two), coupled with reasonable maximum loss regulations (5% maximum daily and 10% maximum loss). Additionally, both evaluation phases do not impose any restrictions on the duration of trading periods.
After thorough consideration, FunderPro stands out as an excellent choice for securing funding, given that the available evaluation program accounts present realistic trading objectives and conditions for payout eligibility.
FundedPro was established in February 2023. Following successful funding, your initial payout will be accessible within 7 calendar days, provided you have achieved profitability. Subsequently, traders become eligible for weekly payouts. For illustrative instances of payment verification, refer to a video featuring Gary Mullen, the CEO of FundedPro, conducting an interview with their inaugural funded trader.
which broker they use?
FunderPro exclusively collaborates with a premier liquidity provider of tier-1 status to facilitate institutional data feed and enable direct market access execution on their active corporate accounts, opting not to utilize commonplace broker brands.
Regarding trading platforms, FunderPro provides the opportunity to engage in trading on the esteemed MetaTrader 4 and MetaTrader 5 platforms. Furthermore, traders can opt for TradeLocker, an advanced trading platform featuring sophisticated charting capabilities powered by TradingView, thereby empowering users to enhance their overall trading experience.
FunderPro provides the capability to trade across forex pairs, commodities, indices, and cryptocurrencies.
Education and support fro traders
FunderPro delivers abundant educational content through its website, specifically within the blog section. Furthermore, the platform presents traders with a meticulously organized dashboard, facilitating the management of risk through real-time statistics pertaining to their trading objectives.
A comprehensive Frequently Asked Questions (FAQ) section is prominently featured at the bottom of FunderPro’s homepage, serving as a valuable resource for users seeking pertinent information that may have been overlooked.
To address any additional inquiries, FunderPro maintains multiple channels for customer support. Users have the option to engage with the support team via various social media platforms, submit inquiries through the website, or establish contact through email at support@funderpro.com.
Moreover, FunderPro ensures continuous access to assistance by providing round-the-clock live chat support, demonstrating its commitment to seamless customer service at any hour.
Trader's comment about it
FunderPro has garnered commendable acclaim in user reviews.
Trustpilot showcases a noteworthy rating of 4.5/5 derived from 16 reviews for FunderPro. It is pertinent to recognize that FunderPro is a recently inaugurated funding program, and consequently, further feedback is anticipated to accrue with the passage of time. The restricted volume of feedback can be ascribed to their operational initiation in February 2023.
Social media stats
FunderPro can also be found on social media.
They have a:
- Facebook page with 4 followers,
- Instagram account with 25 followers,
- Twitter account with 3 followers,
- Youtube channel with no subscribers and no uploaded videos, and
- LinkedIn channel with 24 followers.
In addition, FunderPro also has a Discord channel with 286 members and a Telegram group with 12 members for their community to interact
Conclusion
In summary, FunderPro stands as a distinguished proprietary trading entity, providing traders with a selection of evaluation program account sizes. The implemented evaluation programs at FunderPro adhere to established industry norms and involve a two-phase assessment process. Successful completion of both phases is imperative for traders to secure funding and qualify for profit sharing. Phase one entails achieving a 10% profit target, while phase two mandates an 8% profit target. These objectives are pragmatic trading goals, especially in light of the 5% maximum daily and 10% maximum loss rules that govern the process. Participation in these evaluation programs affords traders an 80% profit share and the prospect of scaling their accounts to $5 million.
I would confidently recommend FunderPro to individuals seeking a proprietary firm with accommodating trading regulations. Despite being relatively new, FunderPro offers favorable conditions tailored to a diverse range of traders with varied trading styles. Following thorough consideration of all the advantages FunderPro presents, it unequivocally emerges as one of the more promising proprietary trading firms within the industry.