Vertex Funding is relatively new to the prop firm scene, having launched in mid-2023. Despite its young age, the firm has managed to offer traders a robust platform where they can trade with real capital after completing a two-phase evaluation program. Registered in the USA, this firm prioritizes risk management while giving traders the freedom to explore various markets, including Forex, metals, and indices.

Company Information

Company Name: Vertex Funding
Company Legal Name: Vertex Funding LLC
Operating Since: June 5, 2023
Registered In: United States of America

Challenge Details

Vertex Funding operates with a simple, two-phase evaluation program, ensuring that only the most skilled and disciplined traders get funded. Here’s how it works:

Pricing

$10,000 Account: $140
$25,000 Account: $250
$50,000 Account: $345
$100,000 Account: $525
$200,000 Account: $1,000
$500,000 Account: $2,400

Rules

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss Limit: 8%
Daily Loss Limit: 4%
Profit Share: Up to 90%
Drawdown Type: Static-Based Drawdown
Time Limit: None (No min/max trading days)
Leverage: 30:1 for Forex/Metals, 10:1 for Indices, 5:1 for Equity Shares, 2:1 for Cryptos
Payout Frequency: Daily
Allows Copy Trading: No
Min Trading Days: 0

Scaling Plan

Vertex Funding doesn’t just stop at giving traders capital. Once the trader is funded, they can scale your account and grow your capital over time. The firm allows traders to manage up to $2,000,000, which makes it one of the more generous prop firms in terms of scaling potential. Achieve consistent profitability, and you could find yourself managing a hefty sum of money.

Spreads and News Trading Rules

Spreads:

Vertex Funding provides access to competitive spreads. They aim to ensure that the trading environment is fair and favorable for all traders, so you won’t have to worry about getting hit by wide spreads during volatile market conditions.

News Trading Rules:

Yes, news trading is allowed. However, it’s subject to data availability from the broker. If pricing data continues to be provided, you’re free to trade during news events. This is an excellent opportunity for traders who thrive during high-volatility periods.

Other Important Rules

Daily Drawdown Calculation

The daily loss limit is calculated based on the previous day’s end-of-day balance (5 pm EST). This means the drawdown limit adjusts as your account balance grows or shrinks.

Countries Banned from Purchasing

Vertex Funding accepts traders from all countries, except those listed on the OFAC sanctions list. So, as long as you’re not in a restricted country, you can join the evaluation and potentially get funded.

Prohibited Trading Strategies

Vertex Funding has a specific list of trading practices that are prohibited. These include, but are not limited to:

Exploiting pricing errors or latency in the broker’s platform.
Using insider information or non-public data.
Front-running trades placed elsewhere.
Jeopardizing the relationship between Vertex Funding and their brokers by placing problematic trades.
Using off-the-shelf strategies to pass challenges, but then changing tactics with a funded account.
Holding Single Share Equity CFDs into earnings releases.
Arbitraging accounts with Vertex Funding or third parties.

Traders must adhere to these rules to maintain their funded accounts.

Payout Methods

Vertex Funding has not mentioned their payout Methods.

Trading Commissions

Vertex Funding uses RAW accounts from their broker, which means commission charges apply to Forex and Equity Share CFDs. However, other products do not carry any commission. This allows traders to engage in various markets without incurring excessive fees.

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