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 $200K 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 of Funded Knight

• 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: Chermaine
• Company Address: 27/F Ho King Commercial Centre, 2-16 Fa Yuen Street, Mong Kok, Hong Kong

Challenge Details of Funded Knight

Funded Knight offers one step Challenge for traders

1-Step

Pricing:

• $5000 account - $58
• $10,000 account – $98
• $15,000 account – $148
• $25,000 account – $248
• $50,000 account – $348
• $100,000 account – $648
• $150,000 account - $968
• 200,000 account - $1,268

Rules:

• Profit Target: 10%
• Total Loss: 8%
• Daily Loss: 5%
• Profit Share: 80% (up to 95%)
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:100
• Payout Frequency: Every 07 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 days

Scaling Plan of Funded Knight

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

Spreads and News Trading Rules of Funded Knight

Spreads:

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

News Trading Rules:

• Funded Knight allows its clients full control over their risk management. According to the firm's policy, traders are free to trade during any news event without restrictions. It is the traders' responsibility to monitor high-impact news events and plan their trades accordingly.

Other Important Rules of Funded Knight

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 of Funded Knight:

• 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 of Funded Knight:

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 of Funded Knight

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

Trading Commissions of Funded Knight

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

IP Rule of Funded Knight

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.