FundedPeaks, officially known as Funded Peaks GmbH, is a prominent proprietary trading firm headquartered in Munich, Germany. Led by CEO Umar A, the firm is registered under HRB 290131. FundedPeaks offers two types of challenges for traders: the Standard Challenge and the Rapid Challenge, both designed to evaluate and enhance trading skills.
The Standard Challenge features an unlimited trading period with a minimum of three trading days. Traders must achieve an 8% profit target in Phase 1 and a 5% profit target in Phase 2. It allows for a maximum daily loss of 5% and an overall loss of 12%, with the option to trade news and hold positions over the weekend. Account sizes range from $5,000 to $300,000.
The Rapid Challenge also has an unlimited trading period with no minimum trading days. It requires a 10% profit target and permits a maximum daily loss of 3% and an overall loss of 6% trailing. Like the Standard Challenge, it supports news trading and weekend holding, with account sizes from $10,000 to $200,000.
FundedPeaks emphasizes quick funding, rapid payouts, and a favorable profit split of up to 90%. Traders gain instant account access upon completing the signup process, with a transparent fee structure that includes a 112% refund upon reaching a payout. Payouts are processed within 24 hours of approval.
The firm offers a broad selection of trading instruments, including Forex, commodities, indices, and cryptocurrencies, within a tier 1 trading environment. Traders can join a supportive community on Discord for real-time updates and discussions.
Payment methods include debit/credit cards and cryptocurrencies, with commission rates of $2 per lot for Forex and commodities, while indices and crypto have no commission. The leverage offered varies by asset, and traders can use VPNs/VPSs and certain EAs under specific conditions. FundedPeaks ensures no inactivity rule and facilitates payouts via Rise, a versatile online payment processor.