Details About Funded global
- Legal Name: The legal name of Funded global is FXFG LTD..
- Company Number: The registration number of Funded global is HE444500..
- Country of Registration: Funded global is registered in CY.
- CEO: The CEO of Funded global is not publicly disclosed.
- Support Mail: You can contact Funded global at [email protected].
- Phone: The phone number for Funded global is not publicly available.
- Payment Modes: Funded global supports payments via Crypto, Wire transfer/ Bank Transfer.
- Withdrawal Modes: Funded global facilitates withdrawals through Wire Transfer/ Bank Transfer, Crypto.
- Official Website: Visit the official website of Funded global at https://www.funded.global.
- Banned Countries: Funded global does not allow traders from undisclosed countries.
Challenge Details at Funded global
- Types of Challenge:The challenges offered at Funded global include Two Phase Challenge.
- Trading Platforms:Funded global supports trading on DXTrade.
- Trading Instruments:Traders at Funded global can trade Forex.
- Broker:The broker associated with Funded global is ThinkMarkets.
- Max Allocation:The maximum allocation provided by Funded global is 400,000.
- Scaling:The scaling potential at Funded global reaches up to not available.
- Trading Competitions:Funded global does not organize trading competitions for traders.
- Free Trials:Funded global does not offer free trials to its users.
Company Information
Company Name: Funded Global
Company Legal Name: FXFG LTD
Company Registration No.: HE444500
Country of Registration: Cyprus (CYCY)
Support Email: [email protected]
Challenge Details
Funded Global offered a 2-Phase Challenge, which was designed to test a trader's skill over two distinct stages before granting access to live capital. Here’s a breakdown of how the challenge worked and its pricing:
Pricing
- $5,000 account: $47
- $10,000 account: $79
- $25,000 account: $159
- $50,000 account: $279
- $100,000 account: $439
- $200,000 account: $759
Challenge Rules
- Profit Target (Phase 1): 10%
- Profit Target (Phase 2): 5%
- Daily Drawdown: 5%
- Max Drawdown: 10% (static)
- Profit Share: 80%
- Leverage: 1:30 (up to 1:50 with add-ons)
- Minimum Trading Days: 4
- Time Limit: None (unlimited)
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
Funded Global's challenge was seen as highly accessible, thanks to the unlimited time frame for completing both phases, a feature that many traders found relieving. This allowed participants to trade at their own pace without the pressure of strict deadlines.
Scaling Plan
Funded Global did not offer any scaling plan.
Spreads and News Trading Rules
Spreads
Funded Global did not mention any information of spreads.
News Trading Rules
Traders at Funded Global had two options when it came to news trading:
- With Add-On Purchase: Traders could buy an add-on that enabled unrestricted trading during news events, applicable across all challenge stages and live accounts.
- Without Add-On: Without the add-on, there were restrictions. Trading was prohibited 2 minutes before and after high-impact news (marked with a red folder). This restriction applied across all challenge phases, and any breach was considered a serious violation.
Other Important Rules
Daily Drawdown Calculation:
Daily Drawdown was calculated based on equity based drawdown. Meaning the drawdown limit could increase or decrease based on the performance of the account balance. if there was no pending position then the drawdown limit will be recalculated at the end of the day based on the account size.
Prohibited Trading Strategies
Funded Global placed a strong emphasis on maintaining a level playing field and realistic trading conditions. They prohibited several strategies to avoid exploitation of their systems:
- High-Frequency Trading (HFT) EAs
- EAs that abuse market feeds
- Multiple identical EAs/algorithms used by different traders
- Arbitrage trading, including latency, reverse, and hedge arbitrage
- Tick scalping
- Demo account management services
- Simultaneous opposing positions on different accounts
Payout Methods
Funded Global offered two main payout methods:
- Bank Transfer
- Cryptocurrencies: Traders could opt to withdraw their funds using ETH or USDC via the ERC20 network.
Trading Commissions
Funded Global offered $0 trading commissions across all the instruments they provided.
IP Rules and VPN Usage
Funded Global allowed the use of VPS and VPNs, which gave traders added flexibility in accessing their accounts securely from anywhere. However, they had strict IP monitoring to prevent multiple traders from using the same account. If any suspicious activity was detected, such as multiple logins from the same IP address, the account could be blocked.
Funded global Challenge Account Pricing
2-Phase Challenge
Pricing
Size: 5000 ($47)
Size: 10000 ($79)
Size: 25000 ($159)
Size: 50000 ($279)
Size: 100000 ($439)
Size: 200000 ($759)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
10%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%-5%
Daily Loss
5%
Frequently Asked Questions
Reviews
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