Details About FundedPeaks
- Legal Name: The legal name of FundedPeaks is Funded Peaks GmbH.
- Company Number: The registration number of FundedPeaks is HRB 290131.
- Country of Registration: FundedPeaks is registered in DE.
- CEO: The CEO of FundedPeaks is Pasquale.
- Support Mail: You can contact FundedPeaks at [email protected].
- Phone: The phone number for FundedPeaks is not publicly available.
- Payment Modes: FundedPeaks supports payments via Crypto, Wire transfer/ Bank Transfer, Credit/Debit Card.
- Withdrawal Modes: FundedPeaks facilitates withdrawals through Wire Transfer/ Bank Transfer, Rise.
- Official Website: Visit the official website of FundedPeaks at https://www.fundedpeaks.com.
- Banned Countries: FundedPeaks does not allow traders from undisclosed countries.
Challenge Details at FundedPeaks
- Types of Challenge:The challenges offered at FundedPeaks include Two Phase Challenge.
- Trading Platforms:FundedPeaks supports trading on MetaTrader, cTrader, DXTrade.
- Trading Instruments:Traders at FundedPeaks can trade Forex, Crypto, Commodities, Indices.
- Broker:The broker associated with FundedPeaks is Liquidity Providers.
- Max Allocation:The maximum allocation provided by FundedPeaks is 600,000.
- Scaling:The scaling potential at FundedPeaks reaches up to 1,500,000.
- Trading Competitions:FundedPeaks does not organize trading competitions for traders.
- Free Trials:FundedPeaks does not offer free trials to its users.
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 :
- Have been trading the account for 3 months.
- Achieved a cumulative profit of at least 10%.
- 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.
FundedPeaks Challenge Account Pricing
Standard challenge
Pricing
Size: 5000 ($51)
Size: 10000 ($129)
Size: 25000 ($220)
Size: 50000 ($365)
Size: 100000 ($570)
Size: 200000 ($1080)
Size: 300000 ($1549)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
12%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
8%
Daily Loss
N/A%
Rapid challenge
Pricing
Size: 10000 ($91)
Size: 25000 ($169)
Size: 50000 ($280)
Size: 100000 ($520)
Size: 200000 ($960)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
6%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%
Daily Loss
N/A%
Pro challenge
Pricing
Size: 10000 ($72)
Size: 25000 ($169)
Size: 50000 ($270)
Size: 100000 ($430)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%
Daily Loss
N/A%
Frequently Asked Questions
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Total Visits
2.584
Global Rank
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