Funded Knight is a newly launched prop firm that offer traders the opportunity to trade with capital without risking their own money. Traders can trade with up to $250K of capital and traders can get a maximum allocation of up to $500K. Funded Knight offers raw spreads, low commissions and No time limits to make the trader's experience easy and seamless. 

Company Information

• Company Name: Funded Knight
• Company Legal Name: FK FINTECH LIMITED
• Company Registration no.: 76476829-000-04-24-2
• Operating Since: 28 August 2024
• CEO Name: Leo Cheah
• Company Address: 27/F Ho King Commercial Centre, 2-16 Fa Yuen Street, Mong Kok, Hong Kong

Challenge Details

Funded Knight offers two major challenges for traders: the Ninja Challenge (1-Step) and the Knight Challenge (2-Step). Here’s a detailed breakdown of both:

Ninja Challenge (1-Step)

Pricing:

• $8,000 account – $78
• $12,000 account – $118
• $25,000 account – $198
• $50,000 account – $318
• $100,000 account – $548
• $250,000 account – $1,268

Rules:

• Profit Target: 10%
• Total Loss: 7%
• Daily Loss: 4%
• Profit Share: 80% (up to 95%)
• Drawdown Type: Not specified
• Time Limit: Unlimited
• Leverage: Not specified
• Max Lot Size:
  • $8k = Max 4 lots open position
  • $12k = Max 6 lots open position
  • $25k = Max 10 lots open position
  • $50k = Max 20 lots open position
  • $100k = Max 40 lots open position
  • $250k = Max 80 lots open position
• Payout Frequency: Every 10 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 days

Knight Challenge (2-Step)

Pricing:

• $8,000 account – $68
• $12,000 account – $98
• $25,000 account – $168
• $50,000 account – $268
• $100,000 account – $488
• $250,000 account – $1,188

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 4%
• Profit Share: 80% (up to 95%)
• Drawdown Type: Not specified
• Time Limit: Unlimited
• Leverage: Not specified
• Max Lot Size:
  • $8k = Max 4 lots open position
  • $12k = Max 6 lots open position
  • $25k = Max 10 lots open position
  • $50k = Max 20 lots open position
  • $100k = Max 40 lots open position
  • $250k = Max 80 lots open position
• Payout Frequency: Every 10 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 days

Scaling Plan

Currently, Funded Knight does not offer any scaling plan at this moment.

Spreads and News Trading Rules

Spreads:

Raw spreads are provided for all traders, ensuring minimal cost and maximum efficiency in trading.

News Trading Rules:

• While Funded Knight allows holding trades during news events, there are restrictions. Traders cannot open or close any trades within the 3-minute window before and after high-impact news releases or speeches.
• Any profit gained during this restricted window will be removed.

Other Important Rules

Daily Drawdown Calculation:

• The daily loss limit is calculated based on the account balance or equity (whichever is higher) at 5 PM EST. The drawdown is Equity based drawdown, therefore the drawdown limit will increase or decrease based on change in the account size.

Countries Banned from Purchasing:

Due to regulatory restrictions, Funded Knight does not accept clients from the following 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
• Yemen
• Venezuela

Gambling Rules:

• Funded Knight prohibits gambling strategies like all-or-nothing trading. Strategies lacking proper risk management such as Martingale or any approach where traders risk the account in a single trade are not allowed.

Prohibited Trading Strategies:

Traders are banned from using several trading techniques, including:

• Using Third-party EAs or Trading Bots: Only personal strategies are permitted.
• Reverse Trading and Group Hedging: Not allowed.
• High-frequency Trading (HFT): This is restricted.
• Arbitrage Trading: You cannot exploit errors or latency in pricing or the platform.
• Tick Scalping: Not allowed.
• Front-running Trades: Trading on insider information or pre-empting other trades is prohibited.
• Inconsistent Strategies: Switching from one strategy during the challenge to another after becoming funded is not permitted.

Payout Methods

• Payouts are processed via RISE. Traders can withdraw fiat currency to their bank accounts or cryptocurrency to their wallets through this platform.

Trading Commissions

• For Forex & Metals : $5 per lot
• Indices & Crypto : $0 per lot

IP Rule

Traders can access their evaluation and funded accounts using multiple IP addresses as long as they remain the sole users. However, the region of the IP address must remain consistent. If irregularities are detected, such as multiple IP addresses from different regions or accounts accessed by third parties, Funded Knight may require further proof or documentation.