FX2 Funding is a prop firm which started operations in January 2023. The firm, legally known as FX2 Funding, LLC, was established in the United States and is headed by CEO David Dombrowsky. FX2 Funding aims to help traders who have the skills but lack sufficient capital to trade big by offering them funded accounts. With a commitment to fast payouts, fair evaluation processes, and a focus on supporting traders, FX2 Funding is gaining attention in the trading community.

Evaluation Programs at FX2 Funding

FX2 Funding offers three types of evaluation programs, each with different rules and profit targets. Let’s break down each one:

1-Step Program:-

The profit target is set at 10%, with a daily drawdown limit of 4% and a maximum drawdown of 6%. Traders can leverage up to 1:100, and there is no time limit or minimum trading days required. The evaluation fee is refundable, and traders can enjoy a profit split of up to 85%. Payouts are available within 14 days, and a reset discount of 10% is offered. Account sizes range from $10,000 to $200,000. This program is ideal for traders who want a straightforward evaluation with no time pressure.

2-Step Program:-

The 2-Step Program requires an 8% profit target in Phase 1 and a 5% profit target in Phase 2. The daily drawdown is set at 4%, with a maximum drawdown of 10%. Like the 1-Step Program, leverage is 1:100, with no time limit or minimum trading days. The evaluation fee is refundable, and traders can enjoy a profit split ranging from 80% to 95%. Payouts are processed within 5 days, and a 10% reset discount is available. Account sizes range from $10,000 to $100,000. This program is perfect for traders who prefer a more gradual evaluation process.

1-Step Pro Program:-

This program is similar to the 1-Step Program, with a 10% profit target, a daily drawdown limit of 4%, and a maximum drawdown of 6%. Leverage is 1:100, with no time limit or minimum trading days required. The evaluation fee is refundable, and traders can enjoy a profit split of up to 85%. Payouts are available within 14 days, and a 10% reset discount is offered. Account sizes range from $10,000 to $200,000.

Trading Platforms and Tools

FX2 Funding supports several popular trading platforms, including MetaTrader 5 (MT5), cTrader, and DXTrade. These platforms are well-known for their advanced features and ease of use. Whether you prefer charting tools, automated trading, or direct market access, FX2’s platform options have you covered.

Trading Styles and Strategies

FX2 encourages traders to use the trading style that suits them best, whether it’s scalping, swing trading, or trading news events. The firm’s flexible approach allows traders to stick to their strategies without needing to change their style to fit the rules.

Prohibited Trading Practices

FX2 Funding takes the integrity of its trading environment seriously. The firm has strict rules against certain trading practices that can be seen as manipulative or unfair. These include high-frequency trading (HFT), latency trading, one-sided betting, arbitrage trading, hedging across multiple accounts, exploiting platform or data freezing, and account sharing. Traders found engaging in these prohibited practices risk having their accounts suspended or terminated.

News Event Trading

FX2 Funding allows traders to hold positions during news events but with certain restrictions. For example, trades executed within 5 minutes before or after a high-impact news event may have profits removed. This rule helps maintain a fair trading environment while allowing traders to manage their risk during volatile periods.

Payouts and Payment Methods

Traders can request payouts through crypto or direct bank transfers, with a minimum withdrawal amount of 1% of the initial balance. Payouts are processed within 48 hours, ensuring quick access to your earnings.

Eligibility and Account Limits

FX2 Funding welcomes traders from most countries, but there are a few exceptions, such as the United States and Canada. Additionally, the maximum capital allocation for a trader is currently $300,000, with some limits on combining accounts.

Conclusion

FX2 Funding offers a comprehensive solution for traders looking to scale their trading operations without risking their own capital. With flexible evaluation programs, generous profit splits, and a strong support system, FX2 is positioned as a top choice for traders worldwide. Whether you’re just starting out or have years of experience, FX2 Funding provides the tools and resources you need to succeed.