FundYourFX Review

This FundYourFX review will identify how this prop firm operates and provides traders with a funded trading account. According to information available publicly online, this company was established in February 2021. They are located in London, UK and offer a “practical assessment” traders must pass in order to gain their live funded account. It is worth noting from the start that this company isn’t very favorable as an option for purchasing a funded trading account. Read our FundYourFX review below to see a fair assessment of their company.

3.2/5
FundYourFX Review

Advantages

  • Capital of up to $1,000,000
  • Overnight and weekend holding allowed
  • Vast catalog of markets to trade

Disadvantages

  • Not enough details on the website
  • Capped account scaling
  • Lower profit split options
  • Stop loss required for every trade

How does This prop Firm Work?

FundYourFX offers traders funded trading accounts for a one off fee practical assessment. Once you pass this assessment you will become a funded trader. You will gain access to capital reaching up to $1,000,000 depending on the account you choose. To begin your trading you will need to select your account size and pass their practical assessment. Their three accounts have the same rules for almost everything. You must adhere to the rules set by the company which include a weekly 5% loss limit, a 10% maximum drawdown and a stop loss requirement for every trade. It is important to note that the 10% total loss limit is infinitely trailing with your profit. It is always 10% of your highest account balance.

Once you have passed your practical assessment each account size has a maximum scale up amount. With the standard you can scale up to a maximum of $100,000, the intermediate scales up to a maximum of $280,000 and the professional scales all the way to $1,000,000. The two smaller accounts offer a 50% profit split and the larger account offers 60%. These are pretty low for the industry. There are also vital pieces of information missing from the website such as the leverage you’re eligible to trade with. We did try to make contact regarding this issue but received no response.

How much Capital do they provide and what are their prices?

FundYourFX provides traders with capital of up to $1,000,000. They have three different account types for their practical assessments which traders can pass and obtain a funded trading account. The account sizes are as follows:

Standard $12,000 account for £359

Intermediate $25,000 account for £599

Professional $80,000 account for £1499

All of these fees are one off, this is not a monthly subscription.

Are They legit?

Unfortunately it is hard for us to say FundYourFX offers a viable and reliable service to traders. There are several reasons for this including the lack of basic information available on their website about their programs. They also have very limited and basic presence on social media sites and not many reviews on TrustPilot. We did try contacting this company via email, live chat and even their contact number but had no response. Based on this it would be difficult to recommend this prop company.

What platform do they use?

The FundYourFX website states that they offer both MT4 and Trading view as their trading platforms. There is no information on who their partnered broker is.

What markets can be traded?

There is little information available currently about which markets you can trade with FundYourFX. The website states they allow you to trade forex pairs, commodities, indices, stocks and cryptocurrencies

Do They Trade Crypto?

Due to the lack of information available on the FundYourFx website we are unable to determine the broker this company is partnered with. With that being said it is then not possible for us to find out the cost of commissions, swaps or spreads.

How much does the company charge as commission and spread?​

According to the FundYourFX website, you are able to trade crypto with this company.

What are Their Withdrawal Options?

FundYourFX process their withdrawals through bank transfer and Skrill. Their website FAQ states that they process withdrawals once monthly and would be completed 30 days after your sign up date. They take 1-2 days to process payments after traders send their invoices.

Do they provide education and training?

There is little information available currently about which markets you can trade with FundYourFX. The website states they allow you to trade forex pairs, commodities, indices, stocks and cryptocurrencies

Do they have Support and Contact options?

While the FundYourFX site offers three different forms of contact for support purposes, we were unable to make any contact. They offer a live chat feature that went ignored, a phone number that didn’t connect and a support email that was also not responded to. They do also list an address on the website which usually offers a form of communication for the trader.

What makes them unique?

Due to there being limited information and incomplete rules and regulations available to view on the FundYourFX website, it is hard to decipher what this company fully offers. Many of their rules appear to be the industry standard, while others are lower and less appealing.

It is difficult to suggest unique selling aspects of this prop firm when we don’t have all the details we need for explaining everything they have to offer. If you would like to check out this company you can visit their website here.