Overview of Ryze Funding Forex Prop Firm
TheTrustedProp
Date: April 30, 2024
In the fast-paced world of financial markets, gaining access to trading capital can be a significant hurdle for aspiring traders. Ryze Funding, a proprietary trading firm, is here to change that narrative. Founded in 2021 and registered in Atlanta, Georgia, USA, Ryze Funding, legally known as Ryze Money Inc., has quickly become a trusted platform for traders worldwide. Let's dive into the details of this game-changing venture and how it can help you achieve your trading goals.
The Company Behind Ryze Funding
Ryze Funding is led by its CEO, Daniel Akesson, and is based in the UK. The company is dedicated to leveling the playing field for traders, offering them the tools, resources, and funding needed to succeed in the dynamic and challenging world of proprietary trading.
The Challenge Programs
Ryze Funding offers two distinct Challenge Programs, each designed to provide traders with a clear path to accessing trading capital.
2-Phase Challenge Details
Phase 1
- Profit Target: 8%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Phase 2
- Profit Target: 5%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Funded
- Payout Ratio up to 95%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Account Sizes
- $500
- $1,000
- $2,500
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $150,000
- $250,000
2-Phase Challenge (Plus+) Details
Phase 1
- Profit Target: 8%
- Max Trading Days: 60
- Daily Drawdown: 5%
- Max Drawdown: 15%
Phase 2
- Profit Target: 5%
- Max Trading Days: 120
- Daily Drawdown: 5%
- Max Drawdown: 15%
Funded
- Payout Ratio up to 95%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Account Sizes
- $500
- $1,000
- $2,500
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $150,000
- $250,000
3-Phase Challenge Details
Phase 1
- Profit Target: 8%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Phase 2
- Profit Target: 5%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Phase 3
- Profit Target: 3%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Funded
- Payout Ratio up to 95%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Account Sizes
- $500
- $1,000
- $2,500
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $150,000
- $250,000
3-Phase Challenge (Plus+) Details
Phase 1
- Profit Target: 8%
- Max Trading Days: 60
- Daily Drawdown: 5%
- Max Drawdown: 15%
Phase 2
- Profit Target: 5%
- Max Trading Days: 120
- Daily Drawdown: 5%
- Max Drawdown: 15%
Phase 3
- Profit Target: 3%
- Max Trading Days: 120
- Daily Drawdown: 5%
- Max Drawdown: 15%
Funded
- Payout Ratio up to 95%
- Max Trading Days: Unlimited
- Daily Drawdown: 5%
- Max Drawdown: 12%
Account Sizes
- $500
- $1,000
- $2,500
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $150,000
- $250,000
Key Features
Ryze Funding offers a range of features to support traders on their journey to success:
- Balance-Based Drawdown
- 15% Bonus From Phase 1+2
- 150% Fee Refund
- 2x Your Capital When Scaling
- No Consistency Rules
- Zero Commissions
- 1:500 Leverage
- Hold Trades Over Weekends
Withdrawals Powered by Wise
Ryze Funding provides multiple withdrawal options, with Wise as the primary method. Traders can also choose from Direct Bank Transfer, Binance, Coinbase, PayPal, and Revolut. With a starting profit split of 85%, increasing up to a maximum of 95% as your account scales, Ryze Funding ensures that you receive your earnings promptly.
FAQs
Am I permitted to use copy trading software?
As a trader, you are allowed to copy trades from your own account or from external/internal sources, such as a prop firm or retail broker, as long as the trades are your own. However, copying trades between accounts not owned by the same individual is strictly prohibited.
Am I allowed to use an EA (Expert Advisor)?
Traders are permitted to use expert advisors, bots, and trade copiers without prior approval. However, certain types of EAs, such as High-Frequency Trading (HFT) EAs, Arbitrage EAs, Tick scalping EAs, Multi-account reverse trading EAs, and those designed to abuse servers, are prohibited.
Am I allowed to trade during news releases?
Traders are allowed to trade during all news releases, but responsible risk management is essential during volatile market conditions. Placing both buy stops and sell stops on the same instrument ahead of a news release is considered gambling and is not permitted.
Am I allowed to hold my positions overnight/over the weekend?
Traders are permitted to hold positions overnight, including over the weekend, for all accounts and phases.
What is the Scaling Plan?
Ryze Funding rewards skilled traders who consistently generate profits. The scaling plan allows eligible traders to increase their initial account balance by 2x, up to a maximum of $3.0 million per trader. The profit split ratio also increases to 95/5%. Loss limits are adjusted accordingly.
Is there any Free Trial?
While Ryze Funding doesn't currently offer trial accounts, they plan to introduce free trial accounts in Q4 of 2023, providing traders with the opportunity to experience their services before committing.
What Instruments can I trade?
Ryze Funding offers a diverse range of instruments across five categories: Forex, Indices, Crypto, Metals, and Energies. There are no specific lot size limits, but traders are encouraged to manage risk wisely.
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