Company Information

• Company Name: FundedPeaks
• Company Legal Name: Funded Peaks GmbH
• Company Registration No.: HRB 290131
• Operating Since: 29 February 2024
• CEO Name: Umar A

Challenge Details

FundedPeaks offers three types of funding programs :  the Standard Challenge, Rapid Challenge, and Pro Challenge. Here are the details :-

Standard Challenge Details

Pricing:

• $5,000 account: $51
• $10,000 account: $129
• $25,000 account: $220
• $50,000 account: $365
• $100,000 account: $570
• $200,000 account: $1,080
• $300,000 account: $1,549

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 12%
• Daily Loss: 5%
• Profit Share: 80%, scales up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:50
  • Indices: 1:30
  • Gold & Silver: 1:30
  • Gas & Oil: 1:20
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days:
  • Evaluation: 3 Days
  • Funded: 1 Day

Rapid Challenge Details

Pricing:

• $10,000 account: $91
• $25,000 account: $169
• $50,000 account: $280
• $100,000 account: $520
• $200,000 account: $960

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%, scales up to 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:50
  • Indices: 1:30
  • Gold & Silver: 1:30
  • Gas & Oil: 1:20
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days:
  • Evaluation: 0 Days
  • Funded: 1 Day

Pro Challenge Details

Pricing:

• $10,000 account: $72
• $25,000 account: $169
• $50,000 account: $270
• $100,000 account: $430

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%, scales up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:50
  • Indices: 1:30
  • Gold & Silver: 1:30
  • Gas & Oil: 1:20
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days

Scaling Plan

FundedPeaks offered a fairly easy scaling plan. With this scaling plan, Traders could increase their account sizes by 25% of the initial balance every 3 months, up to a maximum of $1.5 million, To be eligible :

1. Have been trading the account for 3 months.
2. Achieved a cumulative profit of at least 10%.
3. Profitable in at least 2 of the 3 months traded.

Spreads and News Trading Rules

Spreads:

Not specifically mentioned by FundedPeaks.

News Trading Rules:

Traders are allowed to trade during news releases. However, FundedPeaks warns that high-impact news events may cause increased volatility, which could lead to execution prices differing from requested prices.

Other Important Rules

Daily Drawdown Calculation:

Standard & Rapid Challenge:

FundedPeaks calculated Daily drawdown on standard & Rapid Challenges based on their balance at the start of the day at 5 PM EST each day. This drawdown was balance based drawdown which means the drawdown limit will not change based on the floating equity and only increases as the account grows.

Pro Challenge:

FundedPeaks calculated Daily drawdown based on higher value between balance and equity at the start of the day at 5 PM EST each day. The drawdown type used here was Equity based drawdown which means the drawdown limit will increase or decrease as the account balance grows or shrinks.

Countries Banned from Purchasing:

FundedPeaks did not accept clients from these following regions:

• Iran
• Syria
• North Korea
• Russia
• Individuals on the EU sanctioned list or flagged for financial crimes/terrorism

Gambling Rules:

FundedPeaks had a very strict gambling rule so the traders do not lean towards gambling activities, these activities were:

• One-sided betting
• Over-leverage, over-load, or over-demand
• Over-exposure
• Account rolling

Prohibited Trading Strategies:

FundedPeaks restricted their traders to use these following strategies :

• Exploiting platform errors or price delays
• Arbitrage strategies (e.g., latency, tick scalping)
• Hedging/group trading
• High-frequency trading
• Emulators or AI tools for unfair advantages
• Copy trading signals from others

Payout Methods:

FundedPeaks provided payout to their traders exclusively through Rise.

Trading Commissions:

During their operation, Trading commissions charged by FundedPeaks were as follows :-

• Forex & Commodities: $2 per lot
• Indices & Crypto: No commission

IP Rule:

FundedPeaks did not mentioned any information related to IP Rule on their website.