FunderPro Prop Firm
FunderPro prop trading firm offers funded accounts up to $200,000 in India.
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Introduction to FunderPro
FunderPro stands as a prominent proprietary trading firm catering to Indian traders seeking funded accounts. The company provides opportunities for skilled traders to manage substantial capital, offering initial accounts up to $200,000 with potential scaling to $5,000,000.
FunderPro’s unique selling point lies in its no-time-limit challenges, allowing traders to operate without the pressure of meeting objectives within a set timeframe. This approach enables Indian traders to showcase their skills and strategies at their own pace, fostering a more relaxed and potentially successful trading environment.
FunderPro's Evaluation Process
The journey to becoming a funded trader with FunderPro involves a two-phase evaluation process. During these phases, Indian traders work with demo accounts to demonstrate their trading prowess. The evaluation criteria are designed to assess both profitability and risk management skills:
- Phase 1: 10% profit target
- Phase 2: 8% profit target
- Daily drawdown limit: 5%
- Maximum overall drawdown: 10%
Traders must adhere to these parameters while showcasing consistent performance over a minimum trading period of five days. This structured approach ensures that only skilled and disciplined traders advance to manage real capital.
Account Options and Fees
FunderPro offers a range of account sizes to accommodate different levels of trading expertise and financial commitment among Indian traders:
Account Size | Fee (USD) |
$5,000 | $79 |
$25,000 | $249 |
$100,000 | $549 |
$200,000 | $989 |
These fees are fully refundable upon achieving funded trader status, aligning the company’s interests with those of successful traders. The diverse account options allow Indian traders to choose a size that matches their skill level and risk appetite.
FunderPro Account Types and Challenge Conditions
FunderPro offers three distinct account types to cater to different trading styles and risk appetites:
- Fast Track
- 1-Phase evaluation
- Leverage: Forex 1:50; Metals, Oil, Indices 1:10; Crypto 1:2
- Regular
- 2-Phase evaluation
- Leverage: Forex 1:100; Metals, Oil, Indices 1:50; Crypto 1:2
- Swing
- 2-Phase evaluation
- Leverage: Forex 1:30; Metals, Oil, Indices 1:10; Crypto 1:1
Account sizes available range from $5,000 to $200,000, with options including $10k, $25k, $50k, $100k, and $150k.
Challenge Conditions
Using the $100k account as an example, here are the key challenge conditions:
- Price: $549 (Refundable Fee)
- Profit Targets:
- Phase 1: $10k (10%)
- Phase 2: $8k (8%)
- Max Daily Drawdown: $5k (5%) for all phases
- Max Overall Drawdown: $10k (10%) for all phases
- Challenge Duration: Unlimited for all phases
- Challenge Leverage: Up to 1:100
- Specific Leverage:
- Forex: 1:100
- Metals, Oil & Indices: 1:50
- Crypto: 1:2
Additional Rules and Features
- Consistency Rule: Applied in Phase 1 and Phase 2, not in Funded Account
- Hold Over Weekend & News: Not allowed in any phase
- News Trading: Not allowed in Phase 1 and Phase 2, allowed in Funded Account
- Max Lots: Not specified (marked as incorrect)
Trading Conditions and Instruments
FunderPro provides Indian traders with a comprehensive suite of tradable instruments, including:
- Forex pairs
- Cryptocurrencies
- Stocks
- Indices
- Metals
- Energies
The platform offers leverage up to 1:100 for forex and cryptocurrencies, 1:200 for metals, indices, and energies, and 1:20 for stocks. This leverage structure allows Indian traders to amplify their trading capacity while managing risk across various asset classes.
Platform and Technology
Indian traders on FunderPro have access to industry-standard trading platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
These platforms are renowned for their comprehensive features, advanced charting tools, and support for automated trading systems. FunderPro ensures that Indian traders have the technological infrastructure necessary to execute their strategies effectively.
Profit Sharing and Payouts
Upon successfully completing the evaluation process, Indian traders enter into a profit-sharing agreement with FunderPro. The terms are notably favorable:
Aspect | Details |
Profit Split | 80% for the trader |
Payout Frequency | Daily |
Minimum Payout | $100 profit |
Withdrawal Methods | Crypto, Bank Transfer, Wise |
This structure allows Indian traders to access their earnings frequently, providing a steady income stream for successful traders.
Risk Management and Trading Strategies
FunderPro accommodates various trading strategies, allowing Indian traders to implement diverse approaches. These include news trading, swing trading, EA (Expert Advisor) trading, weekend holding, and copy trading from other FunderPro accounts. This flexibility enables traders to utilize their preferred methods and potentially capitalize on different market conditions and trading opportunities.
However, certain high-risk strategies are prohibited to maintain a fair trading environment and manage risk effectively. These include high-frequency trading, latency trading, and arbitrage. By restricting these practices, FunderPro aims to create a level playing field for all traders and ensure the sustainability of its business model.
Educational Resources and Support
FunderPro is committed to the success of its Indian traders, offering comprehensive trading guides, market analysis tools, and 24/7 customer support. These resources ensure that Indian traders have the necessary tools and assistance to navigate the challenges of proprietary trading successfully. The educational materials cover various aspects of trading, from basic concepts to advanced strategies, helping traders at all levels improve their skills and knowledge.
Regulatory Considerations
While FunderPro operates as a proprietary trading firm rather than a regulated broker, the company implements measures to ensure transparency and fairness:
- Clear evaluation criteria
- Transparent profit-sharing terms
- Robust risk management protocols
Indian traders should note that prop trading firms typically operate with less regulatory oversight compared to traditional brokers. However, FunderPro’s commitment to transparency aims to build trust with its trader community.
Future Developments and Scaling Opportunities
FunderPro offers Indian traders the potential for significant account growth:
Achievement | Scaling Opportunity |
Consistent profitability | Account size increase |
Risk management adherence | Higher profit share |
Long-term performance | Access to larger capital |
This scaling system incentivizes Indian traders to maintain disciplined and profitable trading practices over time.
FAQ:
The time varies depending on individual performance. With no time limit on challenges, Indian traders can progress at their own pace, typically taking a few weeks to a few months to complete both evaluation phases.
Yes, FunderPro offers cryptocurrency trading alongside traditional forex and other financial instruments, providing Indian traders with diverse market access.
Violating drawdown rules typically results in the termination of the challenge. However, FunderPro offers reset options, allowing Indian traders to restart the challenge after a brief cooling-off period.