Last updated: 23rd Oct 2026

FundingRock is a relatively new prop trading firm offering simulated trading Programs that can lead to a Prime Account. Traders can choose between an Instant Account, 1-Step Evaluation, 2-Step Evaluation, and Pay After You Pass model. The firm advertises account sizes from $5,000 to $200,000, reward shares of up to 95%, unlimited trading time and access to TradeLocker or cTrader.

FundingRock was launched in 2025, so it does not yet have the long operating history of some established prop firms. This review examines its account models, trading rules, platforms, payouts, scaling policy, trader feedback and potential risks. FundingRock’s own help centre describes its offering as simulated trading through either an Evaluation route or an Instant route, with qualifying traders progressing to a Prime Account rather than receiving a traditional brokerage-funded account.

Risk reminder: Trading challenges involve risk, and most traders do not pass evaluations. Always review the latest rules before purchasing a Program. Never risk money you cannot afford to lose.

What Is FundingRock?

FundingRock is a simulated prop trading firm operated by Mindwave Training Limited.

Company details

• Legal name: Mindwave Training Limited

• Registered number: HE 471803

• Registered country: Cyprus

• Registered office: 401/2 Ayias Elenis 36, Nicosia 1061, Cyprus

• CEO: Meir Hefetz

• Year launched: 2025

• Profit split: 80% to 95%

• Maximum combined capital allocation: $200,000

• Maximum scaling limit: $1,000,000

• Email: [email protected]

• Telephone: +357 22 032052

The firm’s funding model is based on traders completing simulated trading objectives. Depending on the Program, a trader either completes one or two Evaluation phases, pays a small initial fee and later activation fee, or starts directly with an Instant Account. Successful traders may become eligible for a Prime Account and request Rewards based on their simulated performance.

This distinction matters. FundingRock’s Prime Account should not automatically be understood as a live brokerage account containing the firm’s capital. The firm’s educational materials describe the Prime Account as part of its simulated trading model.

FundingRock Challenge Types: Full Breakdown

FundingRock currently offers four main funding paths: Instant, 1-Step, 2-Step and Pay After You Pass. Each funding model has a different balance between upfront cost, trading objectives and post-funded conditions.

Instant Account

The Instant Account by FundingRock is designed for traders who want to begin directly without completing a traditional Evaluation.

Key Features and Conditions of Instant Account:

• No profit target

• 4% maximum daily loss

• 8% trailing maximum loss

• No minimum trading-day requirement

• Unlimited time

• Up to 1:30 leverage

• 15% Consistency Rule, or 20% with the relevant add-on

• News trading permitted, subject to restrictions

• Instant Reward policy, subject to eligibility

• Reward Lock applies

• Weekend holding available with an add-on

• Reward share from 80% to 95%

The main attraction is the absence of a profit target along with balanced risk rules. However, the trailing maximum loss can be restrictive because withdrawals may reduce the buffer between the account balance and the loss threshold.

1-Step Account

The 1-Step Account requires traders to reach a 10% profit target in Phase 1. After passing, the trader moves to a Prime Account with different conditions.

Key Features and Conditions of 1-Step Evaluation:

• 10% profit target

• 3% maximum daily loss

• 6% trailing maximum loss

• No minimum trading days

• Unlimited time

• Weekend holding available with an add-on

• News trading allowed with restrictions

• Forex leverage up to 1:30

• Metals up to 1:8

• Indices up to 1:6

• Energy up to 1:3

• Crypto up to 1:1

Prime Account Rules (Funded):

• 3% maximum daily loss

• 6% trailing maximum loss

• 30% Consistency Rule

• First Reward generally available 14 days after the first Prime Account trade

• Faster First Reward add-on may reduce the waiting period to five days

• Minimum Reward request: $100

• Reward share from 80% to 95%

The 1-Step account may appeal to traders who prefer a single evaluation stage. Its 10% target is demanding, but there is no stated maximum time limit or minimum trading-day requirement.

2-Step Account

The FundingRock 2-Step Account uses two Evaluation phases. Each phase has a 6% profit target, while the maximum loss remains static rather than trailing.

Key Features and Conditions of Phase 1 and Phase 2:

• 6% profit target per phase

• 3% maximum daily loss

• 6% static maximum loss

• No minimum trading days

• Unlimited time

• Weekend holding with an add-on

• News trading allowed with restrictions

• Leverage up to 1:100, depending on the instrument

Prime Account Rules (Funded):

• No profit target

• 3% maximum daily loss

• 6% static maximum loss

• 30% Consistency Rule

• Rewards generally available after 14 days

• Minimum Reward request of $100

• Reward share from 80% to 95%

2-Step leverage

• Forex: 1:100

• Metals: 1:15

• Indices: 1:10

• Energy: 1:5

• Crypto: 1:2

The 2-Step model by FundingRock has the lowest entry prices among the standard Evaluation routes. Its static maximum loss may be easier to understand than a trailing limit, although traders must pass two separate phases.

Pay After You Pass

FundingRock’s Pay After You Pass program is designed for traders who want to reduce their upfront cost of an evaluation. Traders pay a $5 initial challenge fee, regardless of account size. If the Evaluation is unsuccessful, the stated initial loss is limited to this $5 fee. If the trader passes, the applicable activation fee based on the account size must be paid to access the Prime Account (funded). FundingRock lists separate trading objectives and post-pass requirements for this Program.

The currently advertised fees and account objectives are shown below. These figures were recorded at the time of review and may change, so traders should confirm the latest pricing and rules before purchasing.

Passing the evaluation does not remove the requirement to meet FundingRock’s applicable Trading Rules and Prime Account eligibility conditions. The firm lists this account’s reward share as 80% by default which can rise to 95%. The withdrawals for Pay After You Pass account is instant, subject to eligibility and the applicable rules.

The most important point is that “Pay After You Pass” does not necessarily mean the account is free after passing. The post-pass activation fee must be paid before the trader can access the next stage.

FundingRock Live Program

FundingRock does not appear to advertise a conventional live-funded trading program in the information provided. Instead, the firm uses simulated Evaluations, Instant accounts and Prime Accounts. Its help centre specifically explains that traders reach a Prime Account through simulated trading.

Therefore, traders should not assume that:

• their orders are being sent to a live market;

• the account balance represents cash held in their name;

• the account is protected  like a regulated brokerage account;

• the firm is acting as a traditional asset manager.

The relevant question is not only whether a firm calls an account “funded” or “Prime,” but also how its terms define the account, Rewards, risk limits and eligibility. Read the legal agreement before purchasing.

FundingRock Trading Rules: Allowed vs Prohibited

FundingRock’s rules cover loss limits, profit targets, overnight holding, news trading, automation, copy trading, arbitrage and position sizing. These trading rules can vary by Program type and stage, so traders should review the conditions attached to their account before trading 

Allowed Trading Strategies

FundingRock permits the below trading strategies, and activities:

• Manual trading based on your own analysis.

• Custom-built Expert Advisors (EAs) developed by you.

• EAs where you have full source-code access.

• Automated tools that support your own strategy.

• Overnight position holding across Programs and Prime Accounts.

• Occasional trades closed in under two minutes, provided they are not part of an abusive strategy.

• Position sizing based on your available balance, leverage and applicable risk limits.

FundingRock does not list a separate fixed maximum lot size. However, traders must remain within their account’s Daily Loss Limit and Maximum Loss Limit.

Weekend Holding and Overnight Holding Rule

Overnight holding is permitted, but weekend and market-holiday holding generally requires the Weekend Holding add-on. Without this add-on, positions must be closed before the applicable weekly or holiday market closes. FundingRock lists Weekend Holding as an optional add-on.

News Trading Rule

News-trading conditions depend on the Program. Where restrictions apply, traders may not open, close or modify positions within two minutes before or two minutes after a scheduled high-impact news event. Existing positions may remain open during the restricted period. Always check the news-trading rule for your specific account.

Prohibited Trading Strategies

FundingRock prohibits or restricts the following trading strategies and activities:

• Third-party or commercially distributed EAs used by multiple traders.

• EAs without source-code access.

• High-frequency trading and tick-scalping strategies designed to exploit platform behaviour.

• Mass-order execution.

• Copy trading between accounts.

• Signal sharing and coordinated trading.

• Account sharing or third-party account management.

• Pass-your-challenge services.

• Hedging, cross-account hedging and arbitrage.

• Reverse arbitrage and hedge arbitrage.

• Exploiting pricing errors, latency, execution delays or technical issues.

• Unauthorised bots or automated strategies.

• Martingale strategies were prohibited by the applicable rules.

• Artificial or manipulative trading designed to circumvent Program requirements.

FundingRock requires each account to be traded independently. Copy trading, coordinated positions and taking opposing positions across accounts may lead to account action.

Trade duration and position sizing

FundingRock applies a two-minute minimum trade-duration guideline across its Programs. An occasional trade closed earlier is not automatically a violation, but repeated short-duration trading may be reviewed as potential high-frequency or exploitative activity.

There is no separate fixed maximum lot-size rule listed. Position size is instead limited by account balance, leverage, available margin and the applicable loss limits. Excessive or manipulative position sizing may still breach the broader Trading Rules.

Hard breaches at FundingRock

A hard breach may occur when a trader:

• Exceeds the Daily Loss Limit.

• Exceeds the Maximum Loss Limit.

• Uses prohibited trading practices.

• Shares an account or allows another person to trade it.

• Holds positions over the weekend without the required add-on.

• Exploits pricing, platform or execution issues.

A hard breach may result in termination of the Program or Prime Account and cannot be reversed. Traders who are unsure whether an EA, strategy or trading method is permitted should contact FundingRock Support before using it

FundingRock Platforms, Leverage and Instruments

FundingRock supports the below trading platforms:

• TradeLocker

• cTrader

Both platforms offer features such as portfolio tracking, one-click trading, Stop Loss and Take Profit management, and flexible order execution. FundingRock’s platform support centre includes setup and troubleshooting guidance for both platforms.

Leverage

The current firm-listed leverage varies by program and instrument.

For the 2-Step model:

• Forex: up to 1:100

• Metals: up to 1:15

• Indices: up to 1:10

• Energy: up to 1:5

• Crypto: up to 1:2

For the 1-Step, Instant and Pay After You Pass models:

• Forex: up to 1:30

• Metals: up to 1:8

• Indices: up to 1:6

• Energy: up to 1:3

• Crypto: up to 1:1

Leverage is not the same as risk capacity. A trader can breach a 3% daily loss limit very quickly when using excessive position size. Instrument specifications, margin requirements, spreads and market availability should be checked inside the platform before trading.

FundingRock Spread, Execution and Commissions

The firm does not provide a fixed spread schedule, average spread statistics, commission table or independently verified execution data. Consequently, it would be inappropriate to claim that FundingRock offers the lowest spreads or fastest execution. The fact that a platform supports one-click trading or advanced order tools does not itself prove superior execution. Execution quality can vary by instrument, time of day and market volatility.

Traders must also note that there are no hidden FundingRock fees at checkout. You pay the displayed program fee, plus any optional add-ons selected. If you pay in a non-USD currency, your bank or payment provider may charge separate currency-conversion fees. These external charges are not set by FundingRock.

FundingRock Scaling Plan

FundingRock’s Scaling Plan allows eligible traders to increase their Prime Account allocation over time. Each Prime Account can qualify for a 50% allocation increase by fulfilling the below scaling conditions:

• Remain active for more than six months.

• Generate at least 10% overall simulated profit.

• Have no Trading Rule violations during the qualifying period.

The increase is calculated from the account’s original starting balance, and the existing Prime Account is upgraded rather than replaced.

Example: A $100,000 Prime Account that meets the requirements can increase to $150,000.

Eligible traders may repeat the process until reaching FundingRock’s stated maximum scaling allocation of $1,000,000. Scaling is subject to the firm’s current eligibility rules and is not guaranteed solely by reaching a profit target.

FundingRock Payout Rules: Payment Methods and Withdrawal Conditions

FundingRock offers a standard profit split of 80% which can go up to 95%. The higher reward share add-on can increase the trader’s share to 95%. Prime Account rewards are generally subject to a 14-day waiting period from the first Prime Account trade, while the Faster First reward add-on may shorten the waiting period to five days for eligible accounts.

Available Payout Methods

• Rise/Riseworks

• Cryptocurrency

Available Payment Methods for Purchasing

• USDT

• Bitcoin

• Visa

• Mastercard

• Bank transfer

• Rise

• Discover

The stated minimum reward amount is $100 for the Evaluation-based Prime Accounts and Pay After You Pass model. The Instant Account is described as offering an Instant Withdrawal policy, but eligibility rules still apply.

Reward Lock by FundingRock

The Reward Lock is one of the most important FundingRock conditions. After a trader submits the first Reward Request, the trailing maximum loss permanently locks to the account’s original starting balance.

In practical terms, a trader should not withdraw profits and then continue trading as if the account had the same risk buffer. A withdrawal can leave the account closer to its locked loss threshold. Maintaining a substantial buffer after a Reward is essential.

FundingRock’s support centre also provides separate information on Reward Requests, eligibility, processing times, payout methods and rejected or delayed requests.

FundingRock Kokuyo: Limited-Time Instant Account

FundingRock Kokuyo is a limited-edition Instant Account that gives eligible traders direct access to a $200,000 Prime Account without completing an Evaluation. The listed entry price is a one-time $200 fee, with no activation fee or subscription charge. FundingRock states that the offer is limited to 2,000 accounts and may be withdrawn at any time.

FundingRock Kokuyo Account Rules

• Account size: $200,000 Prime Account

• Entry fee: $200 one time

• Evaluation: None

• Profit target: None

• Minimum trading days: None

• Daily loss limit: None

• Maximum loss: 1% trailing equity, equivalent to an initial $2,000 floor

• Consistency rule: 50%—your best trading day cannot represent more than 50% of total profit when requesting a Reward

• Leverage: Up to 1:30

• News trading: Allowed

• Weekend holding: Allowed

• Account limit: One Kokuyo account per trader

• Trading period: 30 days

The trailing floor follows the account’s highest equity and does not move down. However, Rewards reduce the balance above the floor, so traders should maintain an adequate buffer before requesting a payout.

Kokuyo Rewards and Payout Conditions

The rewards conditions for FundingRock Kokuyo accounts are available on demand once the trader:

• Has generated profit;

• Meets the 50% Consistency Rule;

• Requests at least the $100 minimum Reward.

Traders get a 50% reward share on the profits generated. FundingRock provides instant reward processing, a maximum of $1,000 per day withdrawal limit, and a lifetime reward limit of $3,000 per Kokuyo account. Once the $3,000 limit is reached, the account closes as per the firm’s listed data on its official website.

Kokuyo is presented as a simulated trading account, not a live brokerage account. FundingRock’s website states that displayed figures are illustrative and do not represent a live account or guarantee of results fundingrock.com. Traders should confirm availability, eligibility and the latest Terms before purchasing because this is a limited-time product.

Restricted Countries at FundingRock

FundingRock services are currently unavailable to residents of the following countries and regions due to regulatory and compliance requirements: Afghanistan, Belarus, Burundi, Central African Republic, Cuba, Eritrea, Guinea, Guinea-Bissau, Iraq, Islamic Republic of Iran, Israel, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Republic of the Congo, Russian Federation, Somalia, South Sudan, State of Palestine, Sudan, Syrian Arab Republic, Vanuatu, Venezuela and Yemen.

You must not reside in any of these jurisdictions to participate in a FundingRock Program. Eligibility may also be subject to KYC verification and other compliance checks, so traders should confirm the latest requirements before purchasing.

Pros and Cons of Trading with FundingRock

Pros

• Multiple models for different trading preferences

• Low-cost 2-Step and Pay After You Pass entry options

• Instant Account available without a traditional Evaluation

• Unlimited trading time on the listed models

• No minimum trading days on the supplied account types

• TradeLocker and cTrader support

• Profit share advertised as high as 95%

• Cryptocurrency and Rise/Riseworks payout options

• Weekend holding available through an add-on

• Maximum scaling limit advertised at $1 million

• 2-Step model offers a static maximum loss

Cons

• FundingRock is a new firm launched in 2025

• Prime Accounts are part of a simulated trading structure

• Reward Lock can materially affect risk after a withdrawal

• News trading is restricted around high-impact events

• Weekend holding requires an add-on

• Consistency Rules may limit aggressive trading styles

• Maximum allocation and scaling are subject to eligibility

• No independently verified spread or execution data was provided

• The rules contain several areas requiring careful interpretation

• Trader feedback is mixed, with a notable one-star review share

• Country restrictions are not clearly available in the supplied information

What Traders Are Saying About FundingRock

FundingRock Trustpilot snapshot reports a 3.8 rating from 228 reviews, based on the data sourced at time of review. The user ratings percentages are:

• 5-star: 63%

• 4-star: 11%

• 3-star: 2%

• 2-star: 2%

• 1-star: 22%

This suggests a mixed but broadly positive review profile. The 63% five-star share indicates that many reviewers report a satisfactory experience. However, the 22% one-star share is significant and should not be ignored.

Traders should inspect recent reviews and look for repeated themes involving KYC, account breaches, payout delays, support quality, rule interpretation and platform execution.

Reviews are useful signals but not conclusive proof. Positive reviews may reflect successful purchases or payouts, while negative reviews may involve misunderstandings of rules, individual account breaches or unresolved support cases. The strongest evidence usually comes from consistent patterns across recent, detailed reviews.

Our Verdict: Should You Trade with FundingRock in 2026?

FundingRock may be worth considering for traders who want a choice between low-cost Evaluations, an Instant Account and a Pay After You Pass model. Its unlimited time limits, cTrader and TradeLocker access, 80% to 95% Reward share and multiple account sizes are attractive features.

The 2-Step Account appears to be the most conservative starting point for many traders because it has a lower entry price and a static maximum loss. The 1-Step model may suit traders who prefer to complete only one Evaluation, while the Instant Account may appeal to experienced traders who do not want a profit target. Pay After You Pass reduces the initial cost but requires a larger payment after success.

The main reservations are FundingRock’s short operating history, mixed Trustpilot snapshot, simulated-account structure and the complexity of conditions such as Reward Lock, Consistency Rules and news restrictions.

Our overall view: FundingRock can be considered by experienced traders who understand simulated prop-firm models and carefully read the current legal terms. It should not be treated as a risk-free shortcut to capital. Start with an account size you can afford to lose, confirm country eligibility and test the rules with a conservative strategy.

FundingRock Discount Code

The firm is running a Black November offer where traders get a 30% off every program + a free “Pay After You Pass” account.

Traders should check the official FundingRock website, checkout page or authorised promotional channels for current discounts. Avoid relying on expired coupon codes or unofficial affiliate claims, particularly where the advertised price, add-ons or activation fee may have changed.

Final Thoughts on FundingRock

FundingRock offers a broad selection of prop trading models and relatively flexible account conditions. Its strongest selling points are the low-cost 2-Step route, Pay After You Pass option, Instant Account, unlimited time limits, support for two popular platforms and advertised Rewards of up to 95%.

At the same time, traders need to understand the difference between simulated trading and traditional live capital. Passing a challenge does not remove the possibility of rule breaches, rejected Rewards or account closure. The Reward Lock also means that traders must manage withdrawals carefully and preserve a sufficient buffer.

We will keep updating this FundingRock review as the firm changes its rules, adds products or receives new trader feedback. If you have traded with FundingRock, leave a review on The Trusted Prop to help other traders make informed decisions.

Always read the latest FundingRock rules before purchasing. Trading challenges involve substantial risk, and you should never risk money you cannot afford to lose.