FunderPro is one of those moderately new prop firms who offer straightforward funding programs with no extremely complicated rules. Based in Malta, FundedPro has been operating since February 2023 and is under the leadership of CEO Gary Mullen. FunderPro stands out when it comes to offering their daily multiple payouts with an average of 8 hours. FunderPro also caters to all kinds of traders whether they are fast paced traders who like 1-Step evaluation programs or Swing Traders who look for a stable trading environment and provide funding of up to $200,000.

Company Information

Company Name : FunderPro

Company Legal Name : FUNDERPRO Ltd

Company Registration no. : C 104558 
Operating Since: February 2023
CEO Name : Gary Mullen

Company Address : ST Business Centre Balluta, Level 4, 196, Triq Censu Tabone, Saint Julians, Malta

Challenge Details

Funder Pro offers a Fast track One Phase Evaluation and Regular Two Phase Evaluation programs and a Swing Two Phase Evaluation Program. 

Swing 2 Phase Evaluation Program Details :- 

Pricing:

• $5,000 : $89
• $10,000 : $149
• $25,000 : $269
• $50,000 : $379
• $100,000 : $599
• $150,000 : $899
• $200,000 : $1,199

Rules:

• Profit Target(Phase 1) : 10%
• Profit Target(Phase 2) : 8%
• Total Loss : 10%
• Daily Loss : 5%
• Profit Share : 80%
• Drawdown Type : Static
• Time Limit : No limit
• Leverage : Forex 1:30; Metals, Oil, Indices 1:10; Crypto 1:1
• Max Lot Size : Max lot 10
• Payout Frequency : Daily
• Allows Copy Trading : No
• Min Trading Days : 0

Regular 2 Phase Evaluation Program Details :- 

Pricing:

• $5,000 : $79
• $10,000 : $139
• $25,000 : $249
• $50,000 : $349
• $100,000 : $549
• $150,000 : $819
• $200,000 : $1,099

Rules:

• Profit Target(Phase 1) : 10%
• Profit Target(Phase 2) : 8%
• Total Loss : 10%
• Daily Loss : 5%
• Profit Share : 80%
• Drawdown Type : Static
• Time Limit : No limit
• Leverage : Forex 1:100; Metals, Oil, Indices 1:50; Crypto 1:2
• Max Lot Size : No lot size limit
• Payout Frequency : Daily
• Allows Copy Trading : No
• Min Trading Days : 0

Fast Track 1-Phase Evaluation Program Details :- 

Pricing:

• $5,000 : $79
• $10,000 : $139
• $25,000 : $249
• $50,000 : $349
• $100,000 : $549
• $150,000 : $819
• $200,000 : $1,099

Rules:

• Profit Target(Phase 1) : 14%
• Total Loss : 7%
• Daily Loss : 4%
• Profit Share : 80%
• Drawdown Type : Static
• Time Limit : No limit
• Leverage : Forex 1:50; Metals, Oil, Indices 1:10; Crypto 1:2
• Max Lot Size : - No lot size limit
• Payout Frequency : Daily
• Allows Copy Trading : No
• Min Trading Days : 0

Scaling Plan

FunderPro Does offer a Scaling Plan and with this scaling plan, traders can increase their capital up to $5,000,000. 

Eligibility Criteria :

• Traders must have to make at least 10% Profit.
• Traders must have to make this profit in 3 consecutive months.

Benefits : 

• Trader’s balance will be increased by 50% of their initial account size.

Spreads and News Trading Rules

Spreads

Trader can check real time spread offered by FunderPro from this link here - https://funderpro.com/products-and-spreads/

News Trading Rules

FunderPro does not allow trader to trade 2 minutes before and after any high impact news or a red folder event. During this 4 minutes period traders are not allowed to trade and doing so can breach the account and any loss can be trader's responsibility.

Although Swing accounts will not be affected by this rule if they have placed a trade and their Take Profit or Stop Loss hits in that 4 minute window, Their account will not be breached.

Other Important Rules:-

Daily Drawdown Calculation

Daily Drawdown set by FunderPro is based on Equity EOD drawdown, Which means daily drawdown will be calculated based on equity at the end of the day at 5:00PM EST. Also the drawdown limit can grow or shrink based on the profit or loss in the account.

Countries Banned from Purchasing

FunderPro does not allow few countries to join their program due to their partnered broker not providing any services to these countries and these countries are Afghanistan, Belarus, Central African Republic, Congo (the Democratic Republic of), Cuba, Haiti, Iran, Iraq, Libya, Mali, Myanmar (Burma), North Korea, Somalia, Sudan, Syria, The Russian Federation, Donetsk Region of Ukraine, Zaporizhzhya Region of Ukraine, Luhansk Region of Ukraine, Kherson Region of Ukraine, Crimea Region of Ukraine, Sevastopol Region of Ukraine, Venezuela, Yemen.

Prohibited Trading Strategies

FunderPro does not have a big list of prohibited trading strategies but they do not allow few trading strategies and these strategies are: 

• Hedging
• Hedging between different Accounts
• Any kind of account management services
• Copy Trading with someone else or a group of people

Payout Methods

FunderPro offers 2 methods for withdrawing your payouts

• RiseWorks
• Crypto(USDT20)

Trading Commissions

FunderPro has set their commission to $7 per lot round trip for all asset type that they offer. These asset types include - Forex, Metals, Commodities, Indices and Crypto.