Last Updated: 23 Oct 2026

SFX Funded is a prop firm that was launched in 2023 and has been increasingly recognised since 2024. It offers simulated funded accounts for retail traders who want access to larger capital without trading their own money. Based on the SFX Funded website, the firm provides simulated accounts up to $500,000 and up to a 100% reward split on profits generated. Unlike some prop firms, SFX Funded says it has “no time limits” on most evaluation programmes and publishes its rules upfront.

SFX Funded is a prop firm operating since 2023 with it’s registered company name as SFX International FZCO, and registered office in the United Arab Emirates. The registered office is at 23691-001, A2 Building, IFZA Business Park, Dubai Digital Park, Dubai Silicon Oasis, UAE, under trade licence number DSO-FZCO - 21983. The firm is led by the Founder Franca Kraut. SFX Funded is not regulated by a financial regulator, and this is disclosed in its terms and FAQ. The platform is also not independently audited, although the firm does publish an internal payout tracking sheet and a public Discord payout feed.

The firm is not a broker. SFX Funded states that it provides a simulated trading environment using virtual funds and does not accept deposits for the purpose of trading on live markets. That is important because prop firms like this are offering challenge-style evaluations, not live brokerage.

In terms of account types, SFX Funded offers:

• 1-Step Pro - single-phase challenge with no daily drawdown limit

• 2-Step Ascend - two-phase challenge with static drawdowns

• Instant Standard - low upfront fee, activation fee after passing

• Instant Pro - low-cost instant account with a single payout structure

• Instant Flex - no consistency

The firm advertises over 32,000 traders worldwide, $3.5M+ in total rewards paid, and an average reward time of under 8 hours. It is aimed at traders who want access to a funded account without the traditional barriers of a big personal deposit or a multi-month interview process. The firm’s main features are:

• 20% profit share earned during evaluation phases on selected programmes

• 48-Hour Reward Security - if a reward is not paid within 48 hours, SFX adds $1,000

• Scaling up to $3.2M in simulated capital

• No hidden rules - objectives are published up front

• Rewards on demand once a trader is eligible

• Account resets available in phase one, phase two, or even after funding

SFX Funded Account Types: Full Breakdown

Instant Standard - How It Works

Instant Standard is an instant-funding plan, not a traditional evaluation. You skip the challenge entirely and receive a simulated funded account from day one, with no profit target and no time limit. You can trade at your own pace, but you must complete at least 5 valid trading days before you can request a payout. A valid trading day is one where you generate at least 0.75% profit on the initial account balance.

• Profit target: None - you are funded immediately.

• Daily loss limit: 2% - calculated from the higher of starting balance or starting equity at the start of each day.

• Maximum overall loss: 5% trailing - it stays 5% below your highest recorded account value and never drops once set.

• Consistency rule: 15% SFX Stability Index.

• Reward split: 85-100%.

• Payout cycle: On demand.

• Floating loss rule: If floating PnL drops below -1% of account balance, you receive a warning. The first violation cuts your reward split to 50%; the second drops it to 25%; the third permanently breaches the account.

• Fees: Instant Standard account fees range from $59 to $1,999, but with discount offers you can start at $29.

Instant Pro - How It Works

Instant Pro is another skip-the-evaluation plan. It gives you instant access to a funded simulated account with no profit target and no time limit. You need at least 5 minimum trading days per payout, and each valid day requires at least 0.75% profit on the initial account balance. Once eligible, you can request a payout on demand - there is no calendar-day waiting period.

• Profit target: None.

• Daily loss limit: 3% - measured from the higher of starting balance or starting equity at the start of each day.

• Maximum overall loss: 6% trailing - it remains 6% below your highest recorded account value, even if the account later falls.

• Consistency rule: 20% SFX Stability Index.

• Reward split: 85-100%.

• Payout cycle: On demand.

• Floating loss rule: If floating PnL drops below -2% of account balance, the account is permanently closed. For $300K and $400K accounts, the floating limit is stricter at -1%.

Instant Flex - How It Works

Instant Flex is the instant account for traders who want fewer consistency constraints. There is no evaluation, no profit target, and no consistency rule - but payouts run on a bi-weekly cycle rather than on demand. As with the other instant plans, you must complete at least 5 valid trading days per payout, with each valid day generating at least 0.75% profit on the initial balance.

• Profit target: None.

• Daily loss limit: 2%.

• Maximum overall loss: 5% trailing.

• Consistency rule: None.

• Reward split: 85-100%.

• Payout cycle: Bi-weekly, every 14 days.

• Floating loss rule: If floating PnL drops below -1% of account balance, the first breach reduces your profit split to 40% for the current payout period; a second breach closes the account.

1-Step Pro Challenge - How It Works

1-Step Pro is a one-phase challenge. You only need to pass a single evaluation to reach a funded account, and there is no daily drawdown at any stage. The challenge requires a 9% profit target, at least 4 trading days, and no time limit. A trading day counts when you generate at least 0.5% profit on the initial balance.

• Profit target: 9% in evaluation; none once funded.

• Daily loss limit: None - in either the evaluation or funded stage.

• Maximum overall loss: 6% trailing - the limit is always 6% below your highest recorded account value and never drops once set.

• Minimum trading days: 4 in evaluation; 7 per payout once funded.

• Consistency rule: None in evaluation; 20% once funded.

• Reward split: 85-100%.

• Payout cycle: On demand.

• Floating loss rule: If floating PnL drops below -1% of account balance, the first breach reduces your profit split to 40%; a second breach permanently closes the account.

2-Step Challenge - How It Works

The two-step challenge is SFX Funded’s standard model and is described as the best-value entry point. You need to pass two phases rather than one, but the drawdown structure is more forgiving because the maximum overall loss is static rather than trailing. There is no time limit on either phase.

• Phase 1 profit target: 8%.

• Phase 2 profit target: 5%.

• Funded profit target: None.

• Daily loss limit: 4% across all phases - calculated from the higher of account balance and equity at 9:00 PM UTC.

• Maximum overall loss: 8% static - based on 8% of the initial account balance, so it does not move up as the account grows.

• Minimum trading days: 5 per evaluation phase; 5 per payout once funded.

• Consistency rule: None in Phase 1 or Phase 2; 25% once funded.

• Reward split: 85-100%.

• Payout cycle: On demand once eligible.

• Phase progression: After passing Phase 1, you automatically receive Phase 2 credentials by email. After passing Phase 2, the risk team reviews your evaluation, usually within 48 business hours, before you complete KYC and receive funded account access.

All SFX Funded programmes operate in a simulated environment, are not offered by a regulated broker, and are subject to published programme rules.

SFX Funded Trading Rules: Allowed vs Prohibited

SFX Funded publishes its trading rules in detail. The most important general rule is that drawdown is measured on equity, meaning floating PnL on open trades is included alongside realised losses. Daily loss limits are measured from the higher of starting balance or starting equity.

Allowed Trading Activities

• Expert Advisors: Trade and risk-manager EAs are allowed. Self-developed EAs are allowed if source code is provided.

• News trading: Allowed during evaluation, but restricted in the funded stage. No execution within 2 minutes before or 2 minutes after any “red-folder” Forex Factory event.

• Weekend and overnight holding: Allowed on all programmes.

• Scalping: Normal scalping is allowed. There is no fixed minimum trade duration, and simultaneous same-instrument trades at equal lot sizes are permitted.

• Account resets: Available in phase one, phase two, or even after funding, depending on the programme.

Prohibited Trading Activites

• Copy trading between accounts

• Third-party EAs

• External signal copying software

• Hedging and over-leveraging, including margin at or below 150%

• High-frequency trading, ultra-fast scalping, and tick scalping

• Order layering with 4 or more layers

• Martingale, grid trading, and news bracketing

• Gamble to Pass, Opposite Direction Recovery, Churning, Poor Money Management, Overtrading, One-Sided Bets, Group Hedging, Multi-Account Reverse Trading

• Behavioural or inconsistent trading

• Exploiting system glitches, latency arbitrage, reverse arbitrage, hedge arbitrage, and emulators

One of the most common account-killers is hitting the daily drawdown limit. The data provided by the firm states that daily drawdown is the rule that most often ends an account. The best way to avoid it is to reduce risk exposure and avoid over-leveraging.

SFX Funded Platforms and Instruments

SFX Funded supports two trading platforms: MatchTrader and MetaTrader 5 (MT5). Both are available across the main programmes.

Traders can access more than 80 instruments:

• 35+ FX pairs

• 5+ cryptocurrencies

• 10 indices

• 4 commodities

Leverage varies by asset class:

• FX: 1:30

• Commodities: 1:10

• Indices: 1:10

• Crypto: 1:2

Commissions are charged per lot:

• FX and Commodities: $4 per lot

• Indices: $0.40 per lot

• Crypto: free

• Minimum lot size: 0.01

The firm does not offer swap-free Islamic accounts. If you require a swap-free account, SFX Funded is unlikely to be suitable.

SFX Funded Scaling Plan

SFX Funded allows traders to grow their simulated allocation over time. The maximum capital per single account is $400,000. Across all active purchased accounts combined, the limit is $500,000, with scaling up to $3.2M in simulated capital.

Reward splits scale as well. The standard base split on the three core programmes is 85%, scaling up to 100% as the trader remains consistent and grows the account. A 90% profit split is also available as a paid add-on on Ascend and the 1-Step Pro programme. This makes SFX Funded attractive to traders who want to build a track record without risking their own capital.

SFX Funded Payout Rules: What You Need to Know

SFX Funded payouts are one of the most important parts of any prop firm review. SFX Funded has a structured payout system that varies by programme. The firm also applies a SFX Stability Index which is simply, a consistency rule. To qualify for a payout, your SFX Stability Index (SSI) must be at or below the thresholds listed below along with other requirements.

SFX Funded First Payout Requirements

• 1-Step Pro: 7 funded trading days with at least 0.5% profit each (at least a total 3% profit) + ≤ 20% SSI limit

• Ascend (2-Step): 14 calendar days + 5 trading days with at least 0.5% profit each (at least a total 2% profit) + ≤ 25% SSI limit

• Instant Standard: 5 trading days, each with at least 0.75% profit (at least a total 4% profit) + 15% SSI limit

• Instant Pro: 5 trading days, each with at least 0.75% profit (at least a total 4% profit) + 20% SSI limit

• Instant Flex: 5 trading days, each with at least 0.75% profit (at least a total 4% profit)

SFX Funded Payout Cycle

• Instant Standard, Instant Pro, and 1-Step Pro: on demand

• Ascend 2-Step and Instant Flex: bi-weekly, every 14 calendar days

SFX Funded Payout Methods

• Crypto (USDT TRC20 / ERC20 and others)

• Bank transfer

Payouts under $100 are crypto only. There is no fixed minimum payout on standard programmes, but sub-$100 payouts must be paid in crypto.

Payout Caps

The first two withdrawal requests are capped at $10,000 each. Any profit above the cap on those first two withdrawals is deducted from the account balance. After the second payout, there is no cap.

SFX Funded Payout Guarantee

SFX Funded advertises a 48-Hour Reward Security guarantee: if a reward is not paid within 48 hours, the firm adds $1,000. The average reward time is under 8 hours. The firm data reports that in July 2026, total payouts were $248,533.81 across 375 payouts, and in June 2026, total payouts were $297,236.21 across 387 payouts. The largest single payout in July 2026 was $11,098.71 to Gregory C. in England.

SFX Funded Fee Refunds

By default, the evaluation fee is refunded as a rebate with the trader’s 5th payout. Promotions can change this, such as 100% refund with the first payout. There is also a 20% Challenge Profit Bonus on 1-Step and 2-Step programmes after 7 successful payouts.

If you fail the evaluation, the account closes and you owe nothing further, but you are not entitled to a refund of the fee. The fee is only returned to successful traders under the published refund policy.

Restricted Countries at SFX Funded

The provided context and firm documentation do not include a specific restricted-country list. SFX Funded states that it serves 130+ countries and has traders worldwide. However, traders should check the live checkout and terms before purchasing, because restricted countries can change at any time. If you are in a jurisdiction under sanctions or with restrictions on crypto payouts, you should contact SFX Funded support before paying.

Pros and Cons of Trading with SFX Funded

Pros

• No personal liability for simulated losses

• No time limits on evaluation programmes

• Rewards on demand once eligible

• 48-hour payout guarantee

• Up to 100% reward split

• Multiple entry points, including low-cost instant plans from $54

• No hidden rules; objectives are published up front

• EAs allowed with conditions

• Simulated capital up to $500,000 and scaling to $3.2M

• Weekend and overnight holding allowed

• Account resets available on selected programmes

Cons

• Not regulated by a financial regulator

• Accounts are simulated, not live funded accounts

• Evaluation fee is non-refundable if you fail

• First two withdrawals capped at $10,000 each

• Third-party EAs are not allowed

• Copy trading and external signal services are prohibited

• News trading is restricted after funding

• No swap-free Islamic accounts

• Trustpilot data shows a significant number of 1-star reviews

• Profit split can be reduced after a breach or prohibited strategy

• The consistency rule (SFX Stability Index) can delay payouts if your profits come from one large day

What Traders Are Saying about SFX Funded

The picture is mixed, and you should pay attention to both sides.

The SFX Funded website displays a strong rating of 4.85/5 based on 4,022 traders. There are many positive testimonials. Traders like Bonnie Matson report passing phases quickly and receiving funded accounts within hours. Sarah Charles states that her payout approval email arrived within 10 hours. Mike Ronaldson praises the customer service and pricing.

However, the Trustpilot data provided separately tells a more cautious story. Across 143 reviews, with 86 reviews in the last 12 months:

• 5-star: 31%

• 4-star: 7%

• 3-star: 11%

• 2-star: 5%

• 1-star: 46%

That means only 38% of reviewers gave a positive rating, while 46% gave the lowest possible rating. This is a significant warning sign. Some complaints are likely from traders who failed evaluations and lost their fees, but the volume of 1-star reviews is still worth weighing before you buy.

The firm itself says two common criticisms are wrong: that it rejects payouts without reason, and that it uses hidden rules. SFX Funded claims all rules are published up front and that payouts are processed on demand. But based on the SFX Funded TTP score, we suggests you should read the rules carefully and never risk money you cannot afford to lose.

Our Verdict: Should You Trade with SFX Funded in 2026?

SFX Funded offers a genuine, structured way to trade simulated capital and develop a funded trader track record. The transparency of the published programme rules, the 48-hour payout guarantee, and the ability to choose an instant funded account are genuinely attractive features.

If you are an experienced trader who can follow drawdown limits and consistency rules, the Instant Plans are the most convenient entry point. The absence of an evaluation is a major USP, and the profit split of up to 100% means you keep nearly all of the simulated profit you generate.

If you prefer a challenge, the Ascend (2-Step) and 1-Step Pro programmes offer a lower entry price and a more structured path. The 2-Step Challenge is the best value on the compare page, with the lowest starting price and static drawdowns.

However, you should not treat SFX Funded as a reliable income source. Prop firm evaluations are difficult. Most traders do not pass. The Trustpilot data provided shows a large number of negative reviews, and the firm is not regulated. That does not mean SFX Funded is a scam, but it does mean you need to read the latest rules, know the drawdown system, and understand that the evaluation fee can be lost if you fail.

Overall, SFX Funded is a legitimate-looking option for traders who want instant funding or a structured challenge in 2026, but only for those who can afford to lose the one-time fee.

SFX Funded Discount Code

At the time of writing, the SFX Funded homepage displays the below promotional offer and coupon code:

• LEVELUP – 50% OFF + BOGO + 200% Refund

The homepage also mentions that this offer is live. Since SFX Funded frequently rotates its promotions, it is always worth checking the homepage and the live checkout before buying to confirm the current codes and any additional deals.

What makes SFX Funded particularly attractive is that you can stack two discount codes at checkout. This means you can combine the firm’s official promotion with an additional discount code to maximise your savings. For example, using our exclusive SFX Funded discount code TRUSTED gives you an extra 5% OFF on top of the current 50% OFF deal.

We tested the codes before publishing this review and confirmed that they are working as described. Traders can apply two coupon codes at once, simply enter the first code, then add TRUSTED as the second code to receive the additional 5% discount.

Important: The official codes (LEVELUP) are listed directly on the SFX Funded website. The TRUSTED code is provided based on our own testing. Always verify the code at checkout, as promotions can change or expire without notice.

Final Thoughts on SFX Funded

SFX Funded has built a strong brand in the prop firm space by offering instant plans, transparent rules, fast payouts, and high profit splits. It is not a broker and does not offer live trading, but for traders who understand simulated prop firm models, it can be a useful environment to trade and prove consistency.

The biggest risks are the non-refundable fees, the strict consistency and drawdown rules, and the mixed Trustpilot feedback. If you do decide to join, start with a small account, follow the rules exactly, and treat the fee as risk capital.

We’ll keep updating this prop firm review as SFX Funded might change rules or as new trader feedback comes in. If you’ve traded with SFX Funded, leave a review on The Trusted Prop to help other traders make informed decisions.

Risk reminder: Trading challenges involve risk. Most traders do not pass evaluations. Always read the firm’s latest rules before buying. Never risk money you cannot afford to lose.