Introduction

You are looking at our complete analysis of FORFX, a wonderful prop trading firm for very serious forex traders looking for funded accounts, profit splits and flexibility. In this FORFX firm analysis, we will be looking at the essential features of the firm, the funding challenge options, details on the profit splitting structure and what distinguishes FORFX from other forex prop firms. Use this as your reference if you are considering a prop firm to establish your trading career.
 

What is FORFX? 

If you are a trader looking for a reputable prop firm that has a strong proposition of features and a transparent structure, FORFX is indeed one of the options to consider heavily. FORFX is a new prop firm that offers funded account programs that enable traders to access real capital instead of trading only with demo accounts. A prop firm model will allow traders to trade forex, commodities, stocks and more utilizing a real funded account program, which will be elaborated on more in our FORFX firm overview and we will elaborate on how both profit-split and challenge options are relevant to trader performance, in addition to why potential features are significant.

Company Overview and Credentials

• FORFX is a proprietary trading firm (prop firm) offering traders access to large trading capital using evaluation challenges and funded account programs as part of the expanding prop firm world in forex trading.
• According to various independent reviews, FORFX provides account sizes from $5,000 to $400,000 with scale-up promises to $2,000,000, pending for traders who are consistently profitable.
• Supported trading platforms consist of popular platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader - allowing traders to step into familiar trading platforms.
• Profit splits for traders are very competitive - often up to 90% in various programs that FORFX offers.
• This prop firm is very accommodating of traders that utilize automated trading (EA's/algorithms) as it allows for this style of trading for many of its challenge types, in addition to accommodating more traditional algorithmic/systematic traders and traders of all types. 

FORFX Highlights (What Stands Out about this Prop Firm)

Below are the major points that stand out about FORFX and make the prop firm a good option for traders looking for funded accounts: 
 

Selection of Challenge Types and Account Sizes

FORFX offers various challenge programs and account size options for all types of traders and trading styles—proving the prop firm accommodates scalpers, algorithmic traders, swing traders and serious traders with substantial capital. Examples include: 

• “Flash” challenge for fast-paced trading.
• “PeakScalp” for scalping-friendly rules.
• “Legend” for consistency.
• “Black” challenge for high capital accounts ($100,000+) with institutional-level funding. 

Generous Profit Splits 

Traders are able to enjoy a significant share of gains whenever they use funded accounts. Profit splits depend on the specific challenge traders are taking on, but it is possible for there to be splits that reach as high as 90%, which is among the best offered by prop firms. This is certainly a strong positive, as we wrote our FORFX review. 
 

Prompt Payments & Beneficial Trading Terms

FORFX promotes quick payout processes (for example, within 10 days for selected programs) and provides beneficial conditions for traders who succeed through the challenge. Quick payments are very attractive in the world of funded accounts.  
 

Flexible Trading Conditions 

Traders can utilize EAs, trading during news (based on challenge type) while also choosing from numerous trading platforms (MT4/MT5/cTrader). FORFX is supportive of algorithm-based trading along with programs for the environment for manual traders.  
 

Scalability & Growth Possibility 

Within the FORFX model for traders, consistent performance can lead to the opportunity to obtain a larger fund size (scaling-up), as FORFX facilitates a clear pathway from a smaller funded account to larger funded trading accounts. A very structured approach to rewarding consistency over time for selected programs is available. 
 

Why Select FORFX? (Advantages For Traders)

• If you are a forex trader looking for a funded account with minimal risk to yourself, FORFX may be a good option.
• The potential payout split of up to 90% presents a robust incentive and compensation model that is favorable.
• There are a variety of challenge types that allow you to select a suitable program relating to your trading style - scalp, swing, or algorithmic.
• Quick payouts contribute to increasing trader confidence and allow you to access your funds more quickly.
• Most traders will find support for their preferred trading platforms.

Things to Consider / Potential Drawbacks

• As with any prop firm, you will first have to pass an evaluation phase (challenges) before you can get full funding, which means you will be using a maximum drawdown target based on time and monetary risk. In essence, the risk management element of trading will get tested.
• Scaling to the highest funding levels will require consistency and discipline.
• Make sure that you read and understand the terms for each type of challenge, drawdown rules, profit targets, trading days and so on. Forex, for example, has different rules for each account type.
• Double-check terms on withdrawing and funding conditions and whether your country is covered.

Conclusion

FORFX is a great choice for forex traders pursuing a funded account route with minimal capital risk of their own, to the maximum profit potential of profit sharing. As always, please do your own research - read challenge rules, feel comfortable with drawdown limits and minimum trader requirements and test the platform and your trading style.

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