Funded Knight Review 2025 – Prop Firm Features, Rules & Payout Explained
Read our full Funded Knight review, including a detailed breakdown of Challenge types, Drawdown rules, Prohibited Strategies, and Payout process.
4.7
4.7
Funded Knight
Forex, Commodities, Indices, Crypto
HK
2024
CEO: Chermaine
MatchTrader
Rise
Crypto
Wire transfer/ Bank Transfer
Are you a trader looking for a prop firm with flexible funded accounts and steady payouts? Funded Knight is a new prop firm which has been live from April 2024 with an amazing 80% payout. They provide a variety of accounts ranging from $5K up to $200K and have two evaluation models - the Pro Challenge and the Consistency Challenge. Both contain a one-step challenge.
In this article, we will dig into the Funded Knight’s rules and complete the process so you can figure out if they are going to be right for what you are looking to achieve as a trader.
Funded Knight Prop Firm Overview
Funded Knight offers a transparent legal structure, multiple account levels and an outstanding profit split model for simulated funded traders.
| Category | Details |
| Company Name | The prop firm name is Funded Knight. |
| Legal Name | Funded Knight's legal name is FK Fintech LTD. |
| Registration Number | Funded Knight registration number is 76476829-000-04-24-2. |
| CEO | The CEO of Funded Knight is Charmaine. |
| Headquarters | The head office of Funded Knight is located in Hong Kong. |
| Operating Since | Funded Knight has been operating since 23/4/2024. |
| Account Sizes | Funded Knight provides account sizes ranging from $5K to $200K. |
| Profit Split | Funded Knight offers a Standard 80% profit split. |
| Challenge Types | Funded Knight offers Pro Challenge 1-Step and Consistency Challenge 1-Step. |
| Payout Cycle | Funded Knight offers payouts every 7 days. |
| Payout Method | The withdrawal methods supported by Funded Knight are Rise. |
| Trading Platforms | Funded Knight supports trading on Fortex 7. |
| Financial Markets | Funded Knight supports trading in Forex, Commodities, Indices, Cryptocurrency. |
| Max Allocation | Funded Knight offers a maximum allocation of $400K. |
| Max Scaling | Funded Knight provides scaling opportunities up to $400K. |
| Trustpilot Score | Funded Knight has a 4.6/5 (as of 2025) rating based on 55 reviews. |
Pros and Cons of Trading with Funded Knight
Before signing in with any prop firm, traders should verify the rules and funded account process to guarantee firm guidelines account structures are suitable towards their trading style. Here are the pros and cons of trading with Funded Knight
| Pros | Cons |
| High Profit Split: An attractive 80% profit split is offered. | Drawdown Limits: Daily drawdown is strict (3% for the Pro Challenge). |
| Single-Stage Challenges: Simple one-stage evaluation to qualify for simulated funding. | Consistency Rule: A Strict Consistency Rule applies to the Consistency Challenge type. |
| Fast payout cycle with payments processed every 7 days. | The initial Challenge Fee is not refundable. |
| Trade diverse markets: Forex, Commodities, Indices, Crypto. | The specific broker is not listed. |
| Supports Copy Trading, Weekend Holding and EAs (Expert Advisors). | Profits are erased for 5 minutes before/after red folder news on Pro Funded Accounts. |
Funded Knight Account Types, Fees & Profit Split
There are two different one-step challenges at Funded Knight firm - the Pro Challenge and the Consistency Challenge. Both challenges have the same profit target but vary significantly in drawdown limits, trading rules and leverage to give traders an option of which path best suits their risk management and trading approach. Both Funded Knight challenges provide an 80% profit split and payout every 7 days.
Funded Knight Challenge Types Overview
| Feature | Pro Challenge 1 Step | Consistency Challenge 1 Step |
| Account Sizes | $5K to $200K | $5K to $200K |
| Account Fees (Start From) | $49 (for $5K account) | $58 (for $5K account) |
| Profit Target | 10% | 10% |
| Daily Drawdown | 3% (Static) | 5% (Static) |
| Max Drawdown | 6% (Static) | 8% (Static) |
| Min. Trading Days | N/A | 3 |
| Min. Profitable Days | 3 | N/A |
| Max Trading Days | No limit | No limit |
| Leverage | 50 (Forex) | 100 (Forex) |
| Stop Loss Rule | Not specified (assumed optional) | Not specified (assumed optional) |
| Consistency Score Rule | No | Yes |
| News Trading Allowed | Yes (Evaluation), Restricted (Funded) | Yes |
| Profit Split | 80% | 80% |
| Payout Frequency | Every 7 days | Every 7 days |
1 Step Pro Challenge
The 1 Step Pro Challenge is for traders trying to get into a higher leverage (50 Forex) but can manage the restrictions for risk management. It has a strict 3% daily drawdown and a 6% maximum drawdown. Traders must have at least 3 profitable trading days to pass.
| Account Size | Account Fee | Profit Target (10%) | Max Daily Drawdown (3%) (Strict) | Max Total Drawdown (6%) (Tight) |
| $5K | $49 | $500 | $150 | $300 |
| $10K | $89 | $1,000 | $300 | $600 |
| $15K | $129 | $1,500 | $450 | $900 |
| $25K | $229 | $2,500 | $750 | $1,500 |
| $50K | $319 | $5,000 | $1,500 | $3,000 |
| $100K | $589 | $10,000 | $3,000 | $6,000 |
| $200K | $1,169 | $20,000 | $6,000 | $12,000 |
Why Choose the 1-Step Pro Challenge by Funded Knight
- Lower drawdown targets (3% Daily, 6% Max) encourage good trading behaviour.
- There is no minimum trading days requirement to succeed, only a minimum profitable days requirement.
- Increased maximum leverage (50 on Forex) compared to standard accounts.
1 Step Consistency Challenge
The Consistency Challenge is designed for traders who trade with wider drawdown rules (5% Daily, 8% Max) but must follow the other consistency rules. This challenge has a higher Forex leverage of 100 and a minimum trade day requirement of 3 days.
| Account Size | Account Fee | Profit Target (10%) | Max Daily Drawdown (5%) (Wider) | Max Total Drawdown (8%) (Wider) |
| $5K | $58 | $500 | $250 | $400 |
| $10K | $98 | $1,000 | $500 | $800 |
| $15K | $148 | $1,500 | $750 | $1,200 |
| $25K | $248 | $2,500 | $1,250 | $2,000 |
| $50K | $348 | $5,000 | $2,500 | $4,000 |
| $100K | $648 | $10,000 | $5,000 | $8,000 |
| $200K | $1,268 | $20,000 | $10,000 | $16,000 |
Consistency Rule Details
- Profit Consistency Rule: You competing in the Challenge cannot make more than 30% of your total challenge profits on one trading day.
- Volume Consistency Rule: No Individual trade can have lot size greater than 30% of total lots you traded during Challenge.
Why Choose 1 Step Consistency Challenge by Funded Knight
- Easily achievable drawdown limits (5% daily, 8% all-time) offer more breathing space.
- Higher maximum leverage (100 for FX) is offered.
- The system is built on the premise that trading well should pay.
Our Verdict on Funded Knight Account Types
Yes, ultimately two separate simple one-step challenges are a great thing for Funded Knight. The Pro Challenge is designed for professional traders who are used to trading with a tight risk, while the Consistency Challenge is for those who can manage larger drawdowns but have the discipline to hit the consistency targets. A trader, being either more of a Pro or a Consistency type, is allowed to choose the model that fits their skills and trading strategy.
Funded Knight Drawdown and News Trading Rules
Funded Knight keeps to simple, static drawdown rules. The other is discretionary news trading, which is permitted in general except for one significant limitation on simulated funded accounts.
Drawdown Details
- Drawdown Type: Both Daily Drawdown and Max Drawdown are Static. This is because the daily and maximum loss limits are based on the starting balance of your account only, they do not follow the account when it is profitable.
- Pro Challenge: 3% Daily Drawdown and 6% Max Drawdown.
- Consistency Challenge: Daily Drawdown 5%, but Max Drawdown is 8%.
- Daily Drawdown Calculation: Static, the maximum allowable drawdown for any day is based on a hard and fast amount from the initial account balance.
News Trading Details
- During Challenge: Challenge Trading is not prohibited One can trade all news events without limitation for both the Consistency Pro Evaluation account.
After getting funded on the Simulated Pro Account only, any net profit (profit minus losses) made within the 5 minutes before and 5 minutes after a major news event will be withdrawn from the account.
Funded Knight Spreads & Commissions: What You Really Pay
Trading fees are one of the important notes that every trader must keep in mind. Funded Knight offers low costs with raw spreads and a transparent commission structure.
Funded Knight provides Raw Spreads, which are considered to be the low end in spreads. A trading commission is added to the raw spread. The commission is $4 for Forex instruments per lot. This is an open structure, enabling traders to ensure that they always know in advance how much their trades are going to cost them.
Trading Instruments offered by Funded Knight
Funded Knight offers multiple instruments that provide the funded trader with opportunities in a variety of assets classes. The list of instruments given below:
- Forex
- Commodities
- Indices
- Cryptocurrency
This wide range means that most traders should be able to trade their asset of choice.
Funded Knight Trading Rules - What is Allowed and What is Not
Funded Knight is typically very flexible with most normal trading styles, allowing the use of different strategies and you are welcome to hold trades over the weekend, but it strictly prohibits certain activities that exploit the simulated trading environment.
| Trading Practice | Allowed or Not | Details |
| Copy Trading | Yes | Permitted for evaluation and funded accounts. |
| News Trading | Yes | Permitted for both contests, but limited on 1-Step Pro funded accounts. |
| Weekend Holding | Yes | Eligible on evaluation and funded accounts. |
| EAs (Expert Advisors) | Yes | Permitted on evaluation and funded accounts. |
| Max Lot Size | No | There are no maximum lot size restrictions. |
Prohibited Trading Practices at Funded Knight
- Reverse Trading/Group Hedging
- Mass Organized Trades
- High-Frequency Trading
- Tick Scalping
- Arbitrage opportunities due to errors or lag in the broker's pricing and platforms.
- Utilizing non-public and insider information or front-running trades placed elsewhere
- Gambling, All-or-Nothing Trading, One-sided Betting, Any Form of Martingale
- Abuse of the demo/simulated environment
Scaling Plan at Funded Knight
At Funded Knight, the scaling plan is available for traders from SEA to the ASIA region. The max allocation for a combined trader that's simulated is $400,000.
Payment Methods & Payout Process at Funded Knight
For any trader, the process of paying a challenge fee and withdrawing profits is important. Funded Knight supports challenge fee payment and profit payout options available globally.
Payment method supported
- Credit Card
- Crypto (USDT, USDC)
Payout options supported
- Rise
Payout process
- Payout Frequency: Simulated funded traders can withdraw funds once every 7 days.
Countries Restricted at Funded Knight
For various reasons, including those related to local regulations, Funded Knight does not support residents of certain countries.
- Afghanistan
- Belarus
- Central African Republic
- Congo (Brazzaville)
- Congo (Kinshasa)
- Cuba
- Guinea-Bissau
- Iran
- Iraq
- North Korea
- Libya
- Mali
- Russian Federation
- Somalia
- South Sudan
- Sudan
- Syria
- United States
- Yemen
- Venezuela
Our Final Verdict on Funded Knight
Funded Knight seems like a promising prop firm that offers a high 80% profit split and unique one-step challenges. Both a Pro Challenge, with its strict drawdowns for disciplined traders and the Consistency Challenge, with its exact consistency requirements, that's the best of both worlds for different trading styles. Top advantages include flexible trading rules (EAs and holding trades over the weekend are permitted), fast weekly payments and a maximum allocation of up to $400K. However, traders need to be mindful that Challenge fees cannot be refunded and the 1-Step Pro challenge accounts have news trading restrictions. The firm’s transparent policy about restricted trading strategies such as the Martingale or Tick scalping emphasises a concentration on true trading capability. Overall, Funded Knight is a competitive, transparent opportunity for good traders who seek simulated funding.