FunderPro evaluates their traders’ potential with a 2-phase evaluation process, where they are given a demo account with virtual funds to trade on, while they monitor their performance.
FunderPro functions as a proprietary trading company that is transforming the manner in which traders interact with financial markets, providing opportunities for trading with decreased risks. Their trading challenges are meticulously designed to provide traders of various experience levels an equal opportunity to thrive without limiting their path to success. FunderPro utilizes a dual-phase evaluation method to gauge their traders’ expertise. This entails furnishing a demo account with virtual funds for trading, all the while closely monitoring their performance.
Introduction of FunderPro
| Company Details | FunderPro |
|---|---|
| CEO | Gary Mullen |
| Incorporation Date | February 2023 |
| Location | Malta |
| Maximum Account Size of Funding Programs | Evaluation Program: $200,000 |
Funding Programs
Evaluation Program
| Account Size | Account Price |
|---|---|
| $25,000 | $250 |
| $50,000 | $300 |
| $100,000 | $550 |
| $200,000 | $995 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 10% |
| Profit Target (Phase 2) | 8% |
| Daily Drawdown | 5% |
| Maximum Drawdown | 10% |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days |
| Profit Share | 80% |
Comparison of Two-step Program
Comparison of FunderPro & Funding Pips
| Objectives | FunderPro | Funding Pips |
|---|---|---|
| Profit Target (Phase 1) | 10% | 8% |
| Profit Target (Phase 2) | 8% | 5% |
| Daily Drawdown | 5% | 5% (Can be scaled to 7%) |
| Maximum Drawdown | 10% | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% | 80% up to 90% |
Comparison of FunderPro & Smart Prop Trader
| Objectives | FunderPro | Smart Prop Trader |
|---|---|---|
| Profit Target (Phase 1) | 10% | 7% |
| Profit Target (Phase 2) | 8% | 5% |
| Daily Drawdown | 5% | 4% |
| Maximum Drawdown | 10% | 8% (Can be scaled to 28%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Profit Share | 80% | 85% up to 90% |
Broker & Trading Platform
| Broker | ThinkMarkets |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Trading Instruments | Forex Pairs, Commodities, Indices, Crypto |
Conclusion
To draw a final conclusion, FunderPro is a reputable and trustworthy proprietary trading company that is managed by Gary Mullen. They provide traders with an opportunity to choose between a single evaluation program with different account sizes. While working with them, you will be provided an account through ThinkMarkets and trade on the MetaTrader 4 or MetaTrader 5 trading platform. As for trading instruments, you will be able to trade forex pairs, commodities, indices, and crypto. After considering everything that FunderPro brings to the table, we can consider them an excellent choice within the proprietary trading firm space.
FunderPro Review Details
