What is Forex Prop Firm?

Forex Prop Firm is a proprietary trading firm that funds traders, allowing them to trade with up to $400K in capital and earn a 95% profit share without restrictive trading rules.

How does Forex Prop Firm’s evaluation process work?

Forex Prop Firm’s evaluation process involves completing a challenge where traders aim to hit a profit target of 10%. Successful traders receive a funded account with a 90% profit split.

What profit split does Forex Prop Firm offer?

Forex Prop Firm offers a default profit split of 90:10 in favor of the trader. This can increase up to 100% based on the trader's performance and adherence to the scaling plan.

Are there any trading restrictions at Forex Prop Firm?

Forex Prop Firm imposes no trading restrictions. Traders can engage in news trading, hold positions overnight or over the weekend, and use expert advisors (EAs).

How quickly can I receive payouts from Forex Prop Firm?

Forex Prop Firm processes payout requests within 1-5 business days, with traders eligible to request payouts every 15 days.

What is the maximum funding available at Forex Prop Firm?

Traders at Forex Prop Firm can scale their accounts up to $10 million through the firm’s scaling plan.

Can I trade multiple asset classes with Forex Prop Firm?

Yes, Forex Prop Firm allows trading in Forex, commodities, indices, stocks, and cryptocurrencies.

Does Forex Prop Firm offer any bonuses?

Forex Prop Firm provides a 10% virtual profit bonus for traders who complete the evaluation challenge successfully.

What are the drawdown rules at Forex Prop Firm?

Forex Prop Firm features balance-based drawdown rules with no daily drawdown limits, ensuring flexible risk management for traders.

Can I use automated trading systems with Forex Prop Firm?

Yes, Forex Prop Firm permits the use of automated trading systems (EAs) without any restrictions.

How do I withdraw profits from Forex Prop Firm?

Traders can request withdrawals directly from their Forex Prop Firm dashboard, with multiple payout methods available, including wire transfers and digital assets.

What leverage does Forex Prop Firm offer?

Forex Prop Firm offers a leverage of 1:30 for Forex, commodities, indices, and a leverage of 1:5 for cryptocurrencies and stocks.

Can I hold trades over the weekend with Forex Prop Firm?

Yes, Forex Prop Firm allows traders to hold positions over the weekend without any restrictions.

Forex Prop Firm Prop Firm Details and Reviews, Legit or Scam?

Forex Prop Firm

Email Not Provided

Avoid

Details About Forex Prop Firm

Legal Name: FPF Technology LLC

Company Number: 1419455

Country of Registeration: US

CEO: Not available

Support Mail: Not available

Phone: Not available

Payment Modes: Crypto, Credit/Debit Card

Withdrawal Methods: Wire Transfer/ Bank Transfer, Crypto

Website: https://home.forexpropfirm.com

Banned Countries:

Challenge Details at Forex Prop Firm

Types of Challenges: One Phase Challenge, Two Phase Challenge, Instant Funding

Trading Platforms: MatchTrader

Trading Instruments: Forex, Commodities, Stocks, Crypto, Indices

Broker: Eightcap

Max Allocation: $400,000

Scaling: $1,000,000

Trading Competitions: Does not organize Trading Competitions

Free Trials: Does not offer free Trials

About Forex Prop Firm

Company Information
Company Name: Forex Prop Firm
Company Legal Name: FPF Technology LLC
Company Registration No.: 1419455
Operating Since: January 1, 2022
CEO Name: Undisclosed
Challenge Details
Forex Prop Firm offers four main challenge programs and three instant funding programs. Here’s an organized look at each:
1-Step Challenge
Pricing:
$5,000 account: $71
$10,000 account: $109
$25,000 account: $239
$50,000 account: $369
$100,000 account: $609
$200,000 account: $1,099
$400,000 account: $2,089
Rules:
Profit Target: 10%
Total Loss: 6%
Daily Loss: 4%
Profit Share: 80%, up to 95%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0
2-Step Challenge
Pricing:
$5,000 account: $85
$10,000 account: $149
$25,000 account: $289
$50,000 account: $439
$100,000 account: $729
$200,000 account: $1,329
$400,000 account: $2,599
Rules:
Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 12%
Daily Loss: 0%
Profit Share: 80%, up to 95%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0
2-Step Pro Challenge
Pricing:
$5,000 account: $71
$10,000 account: $109
$25,000 account: $239
$50,000 account: $369
$100,000 account: $609
$200,000 account: $1,099
$400,000 account: $2,089
Rules:
Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%, up to 95%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0
3-Step Challenge
Pricing:
$5,000 account: $65
$10,000 account: $99
$25,000 account: $179
$50,000 account: $259
$100,000 account: $419
$200,000 account: $789
$400,000 account: $1,549
Rules:
Profit Target (Phase 1): 6%
Profit Target (Phase 2): 5%
Profit Target (Phase 3): 5%
Total Loss: 7%
Daily Loss: 5%
Profit Share: 80%, up to 95%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0
Instant Funding Programs
Forex Prop Firm also provides three instant funding programs—Pro, Advance, and Premium.
Instant Funding Pro
Pricing:
$10,000 account: $200
$25,000 account: $500
$50,000 account: $1,000
$100,000 account: $2,000
$200,000 account: $4,000
$400,000 account: $8,000
Rules:
Profit Target: None
Total Loss: 5%
Daily Loss: 5%
Profit Share: 20%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 30
Instant Funding Advance
Pricing:
$10,000 account: $300
$25,000 account: $750
$50,000 account: $1,500
$100,000 account: $3,000
$200,000 account: $6,000
$400,000 account: $12,000
Rules:
Profit Target: None
Total Loss: 5%
Daily Loss: 5%
Profit Share: 50%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 30
Instant Funding Premium
Pricing:
$10,000 account: $500
$25,000 account: $1,250
$50,000 account: $2,500
$100,000 account: $5,000
$200,000 account: $10,000
$400,000 account: $20,000
Rules:
Profit Target: None
Total Loss: 5%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: Forex (1:30), Indices (1:30), Commodities (1:30), Crypto (1:5)
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 30
Scaling Plan
Forex Prop Firm offers a unique scaling plan where traders can request a scale-up on their funded accounts by reinvesting 10% of their profits. With this Scaling Plan, Traders have the potential to scale up to $10 million. Scale-up requests should be submitted via email at [email protected], including the account number.
Spreads and News Trading Rules
Spreads:
Forex Prop Firm has not mentioned the information on spreads.
News Trading Rules:
Forex Prop Firm allow traders to trade during news without any restrictions.
Other Important Rules
Daily Drawdown Calculation:
Forex Prop Firm calculates Daily Drawdown based on the Balance-based drawdown which means the drawdown recalculates daily based on the account balance at the start of each day and only increases as the account progresses.
Countries Banned from Purchasing:
Forex Prop Firm allow traders from all around the world to use their services.
Gambling Rules:
Abusive trading or gambling-style approaches are not allowed. Traders are expected to maintain responsible trading behavior.
Prohibited Trading Strategies
Hedging: Multiple accounts for hedging are not allowed.
Martingale/Grid Trading/Layering: Prohibited due to speculative nature. Additional positions are permitted if needed for strategy but not excessively.
Abusive Buying/Selling: No abuse of rapid buying/selling within short time frames.
High-Frequency EAs and Arbitrage Strategies: High-frequency scalping, tick scalping, latency arbitrage, reverse arbitrage, hedge arbitrage, or the use of emulators are not allowed.
Payout Methods
Traders can request withdrawals directly from their client dashboard. Payouts are processed to the preferred method (RISE & Crypto).
Trading Commissions
Forex Prop Firm has set their trading commission rates as :
For Forex, Crypto, Commodities: $4.5 per lot
For Indices: $0.45 per lot
IP Rule
Traders are only allowed to trade from the same IP address and regions from which they have purchased the account through all the evaluation phase and funded phase. Any change in the IP Address or geographical location may lead to verification and trader will have to provide proof of changing their location, Not being able to provide proof can lead to account suspension.