TradingFunds is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.
- High Trustpilot rating (4.4/5)
- Streamlined one-step evaluation
- Trading leverage from 1:10 to 1:100
- Profit sharing ranging from 80% to 90%
- Permits overnight and weekend holding
- Allows news trading
- No restrictions on trading style
- Costly account evaluations
- Consideration of Trailing Drawdown
- Initial leverage limited to 1:10
- 2% maximum stop-loss per instrument
What is TradingFunds?
TradingFunds is a privately owned trading company that was founded in Dubai in February 2023. The organization focuses on offering disciplined trading possibilities and providing access to finance of up to $2,000,000 for traders who lack sufficient cash.
TradingFunds has formed a partnership with Eightcap, a broker, and operates from the Emirates Financial Tower in Dubai. The profit split ranges from 80% to 90%.
TradingFunds focuses on delivering a cutting-edge proprietary trading experience to its traders. The company is committed to meeting the requirements of traders by enabling effortless navigation of international markets and assuring prompt and precise deal execution.
TradingFunds has established a consistent history of achievements, which has earned them a reputation as a dependable partner for traders across the globe.
Philip Hall CEO (Chief Executive Officer) at TradingFunds
Philip Hall holds the position of Chief Executive Officer at Trading Funds. It should be noted that they shall provide additional details regarding their Chief Executive Officer at a later time.
TradingFunds Funding Programs and Challenges: Rules and Requirements
TradingFunds provides traders with a streamlined evaluation program that includes four distinct account sizes.
Evaluation Program Accounts
| Evaluation | $25,000 | $50,000 | $100,000 | $200,0000 |
| Target (20%) | $2,500 | $5,000 | $10,000 | $20,000 |
| Min/Max Trading Days | None | None | None | None |
| Daily Drawdown | None | None | None | None |
| Max Drawdown | 6% | 6% | 6% | 6% |
| Leverage | Upto 1.100 | Upto 1.100 | Upto 1.100 | Upto 1.100 |
| Max Scaling | $250,000 | $500,000 | $1,000,000 | $2,000,000 |
| Refundable Registration Fees | $199 | $349 | $649 | $1,199 |
The TradingFunds evaluation program aims to recognize committed traders & compensate them for their unwavering performance during the evaluation period, providing them with a chance to enhance their trading earnings.
During the assessment phase, traders are initially given a leverage ratio of 1:10. They are required to attain a profit target of 10% while ensuring that their maximum trailing drawdown remains below 6%.
There are no prescribed criteria for the number of trading days, and the sole prerequisite for achieving funded status is meeting the profit objective. Upon completing the evaluation step, an account is financed without any defined profit targets. Traders must strictly adhere to the rule of not exceeding a 6% trailing loss.
The initial payment is made 14 days after the first position is established in the funded account, and then successive payments every two weeks. The profit percentages vary between 80% and 90% depending on the profits made in the financed account.
Evaluation Program Account Scaling Plan
The evaluation program accounts are equipped with a scaling plan. To advance the account to the next level, they must achieve a profit target of 10%. The account will be augmented by the image shown, contingent upon the size of the account they are trading with.
| Evaluation | $25,000 | $50,000 | $100,000 | $200,0000 |
| Level 1 | $25,000 | $50,000 | $100,000 | $200,000 |
| Level 2 | $50,000 | $100,000 | $200,000 | $400,000 |
| Level 3 | $75,000 | $150,000 | $300,000 | $600,000 |
| Level 4 | $100,000 | $200,000 | $400,000 | $800,000 |
| Level 5 | $125,000 | $250,000 | $500,000 | $1,000,000 |
| Level 6 | $250,000 | $500,000 | $1,000,000 | $2,000,000 |
Evaluation Program Account Rules
- Profit Target: It is a predetermined percentage of profit that must be attained while concluding an evaluation period, withdrawing gains, or expanding an account. Evaluation programs necessitate a profit target of 10%, whereas financed accounts are not subject to such targets.
- Maximum Trailing Drawdown: The largest trailing drawdown refers to the greatest difference between the account balance & the peak drawdown. Every account size is susceptible to a maximum trailing drawdown of 6%.
- Stop-Loss Required: It is imperative to establish a stop-loss for every position before executing a transaction.
- Stop-loss Risk per Position: Each position must have a predetermined stop-loss level based on a percentage (2%) of the trade’s value before initiating the transaction, to mitigate stop-loss risk.
- Third-Party Copy Trading Risk: Utilizing third-party copy trading services may subject people to the same trading methods employed by other traders. Exceeding the maximum capital allocation regulation may result in the refusal of a funded account or withdrawal.
- Third-Party EA Risk: The use of third-party EAs may entail employing the same trading technique as other traders. There is a possibility of being refused a funded account or withdrawal if people surpass the maximum capital allocation limit, which carries a risk.
TradingFunds Broker: Do They Use a Reliable Platform?
When evaluating prop firms that match particular forex trading styles, it is essential to check the realism of their trading criteria. Although a corporation may present an enticingly high percentage profit distribution for a well-capitalized account, achieving success becomes unlikely if it also requires substantial monthly percentage growth while maintaining a low percentage maximum drawdown.
Choosing to obtain funds from TradingFunds is a wise decision, considering the practical goals of their assessment program accounts, which include a modest 10% profit target and a sensible maximum loss rule of 6% maximum trailing drawdown.
TradingFunds is a highly favorable choice for acquiring money due to its actual trading goals and payout terms. TradingFunds notably functions with Eightcap as its broker.
Since its inception in 2009, Eightcap, a broker situated in Melbourne, Australia, has been offering outstanding financial services while adhering to ASIC regulations. They have a global presence and adhere to regulations in numerous jurisdictions, allowing clients from around the world to engage in trading activities involving foreign exchange, stock indexes, commodities, and equities.
Regarding trading platforms, one has the option to select from the following:
- Meta Trader 4
- Meta Trader 5
TradingFunds Fees: How Much Do They Charge?
Trading Commission:
| Assets | Fee Terms |
| Forex | 4 USD/LOT |
| Commodities | 0 USD/LOT |
| Indices | 0 USD/LOT |
| Crypto | 0 USD/LOT |
Education & Support for Traders
TradingFunds offers traders access to instructional content through the News area. Traders will get access to a diverse range of announcements, trade insights, and general news pieces related to FX trading.
Furthermore, TradingFunds provides a meticulously organized trading dashboard that enables traders to monitor their advancement. By doing so, they will enhance their ability to effectively control the risk and monitor the performance of both their evaluation and funded accounts.
TradingFunds Proof of Payment:
TradingFunds, which was incorporated in February 2023, does not have sufficient information regarding payout verification from its traders.
The payouts, which are set at a generous profit split of 80% to 90%, are launched 14 days after the first trade is performed on the funded account. The rewards are done swiftly and on the same day.
If a trader decides not to withdraw earnings within the 14-day timeframe, then they smoothly continue trading until the next profit distribution. If there are no earnings available at the time of withdrawal, the trading term is automatically extended.
TradingFunds Customer Support:
I. Instagram:
TradingFund’s Instagram account is flourishing, boasting 1,794 followers and 110 posts. This platform delivers a visually immersive experience into the realm of trading, offering a distinctive viewpoint on the company’s operations and accomplishments. It serves as a catalyst for traders’ creativity and a means of maintaining connectivity with the community.
II. Facebook Page:
The TradingFunds community thrives on Facebook, with the firm’s Facebook page boasting 633 followers. This area functions as an interactive center for engaging in debates, exchanging experiences, and seeking help.
III. Twitter:
TradingFunds has cultivated a community of 187 followers on Twitter. This platform functions as a dynamic environment for immediate updates, news, and engagement with the trading community. Traders can remain updated on the newest advancements and participate in conversations with those who share similar interests by subscribing to their Twitter accounts.
IV. FAQs Page and Support:
- TradingFunds provides a FAQ page containing details about the company and rules for the evaluation program.
- For support, reach out through social media or directly contact them via email at [email protected].
- Access nearly 24/7 live chat support for immediate assistance.
What Makes TradingFunds Unique?
TradingFunds is a proprietary trading firm that distinguishes itself from its rivals by refraining from putting trading-style regulations on its traders. Traders have the permission to engage in trading activities during news events and retain their positions overnight or over weekends. However, they are required to adhere to a compulsory stop-loss rule and limit their maximum risk to 2% per instrument.
The assessment program at TradingFunds follows a one-step procedure where traders must attain a profit target of 10% while maintaining a maximum trailing drawdown of 6%. Additionally, traders are required to implement a mandatory stop-loss and limit their maximum stop-loss to 2% per instrument.
There are no explicit limitations on the minimum or maximum number of trading days, and the assessment program provides a scaling strategy. TradingFunds distinguishes itself from other organizations by not imposing time constraints, allowing traders the freedom to achieve their goals at their preferred speed, free from external pressures.
To summarize, TradingFunds is a proprietary trading service that offers flexibility in trading techniques without imposing rigid time limitations. The company places significant importance on maintaining an equilibrium between adaptability and risk mitigation by enforcing the compulsory stop-loss regulation and a cap of 2% risk exposure per financial instrument for traders.
TradingFunds Reviews: What Do Their Customers Say?
Trustpilot:
TradingFunds has received a rating of 4.4 out of 5 stars on Trustpilot, based on reviews from 47 consumers. They have obtained verification as a company on Trustpilot.
#1. Rachel Gambito asserts that she discovered this company using their evaluation on the sponsored trading platform. Currently, she does not have any problems. She will provide an update within a few weeks in the event of any changes. she is quite impressed with their website, branding, and panel. she recently embarked on a challenge on Monday and thus far, she is content with the experience.
#2. According to Victoria, she first had doubts about joining because the group was new. However, they have since gained an additional trader as well as a client. The absence of a trading time limit and the presence of clear and friendly rules alleviate the burden on me. The support I have received thus far has been exceptional, and I am grateful to Charles for effectively addressing all of my issues. In general, she is content.
#3. As per the MME, it was noted that my entire experience with TF was satisfactory. He has completed three prior challenges with other enterprises, and the quality of his experience was comparable to that of well-established and larger companies.
#4. Shanon Liang has expressed a request for Tradingfund to cease the practice of providing identical responses to individuals who have expressed unfavorable feedback. The company is an extremely repugnant brokerage firm that has ever existed. They mentioned a second attempt at a trial.
Why was a second trial given when they were not a real proprietary corporation in the first place? Furthermore, the affiliate program. She facilitated numerous client introductions, but when it came to withdrawing money, the firm informed her that she must maintain a minimum balance of USD 250 in her affiliate account before being eligible for withdrawal.
However, when she initially signed up, the firm did not disclose or document this requirement on its website. The webpage was modified promptly following her complaint. The organization is fortunate that Trustpilot does not permit the inclusion of photographs. However, the individual intends to proceed with leaving a review on YouTube and Facebook.
#5. Amer Albakkour is complaining about his participation in the 200k challenge since he has discovered evidence of pricing manipulation. Their control panel is consistently malfunctioning, making it the most inferior among prop firms for traders. The support crew lacks credibility.
This is his response regarding the trading funds. The company in question is fraudulent, and the following events occurred when the individual and their cousin completed the challenge but were not provided with a paid account. Traders have acquired several experiences with you. Cease the assertions of integrity. He is an experienced trader who is familiar with prop businesses.
He possesses ample experience and holds a diploma in Public Administration, following his completion of a Bachelor’s degree in Political and Administrative Sciences. Additionally, he is not a minor but rather a mature individual of 46 years of age.
Conclusion
TradingFunds is a newly founded legal proprietary trading firm that offers traders the option to select from a range of evaluation program account sizes.
The evaluation programs are a one-step challenge that must be completed to become eligible for funding and the chance to earn profit splits. To get funding, it is crucial to attain a practical goal of a 10% profit while adhering to a maximum trailing drawdown limit of 6% that can be easily managed.
Traders are required to strictly follow the compulsory stop-loss and 2% maximum risk per instrument regulations, without any specified time constraints. Significantly, evaluation programs provide attractive profit shares of 80% to 90% and the opportunity to expand account size.
TradingFunds is a suitable choice for individuals looking for a proprietary trading organization with flexible trading regulations. Being a recently established proprietary trading firm, it attracts a wide variety of individuals with distinct trading styles, which makes it an attractive choice in the proprietary trading sector due to its comprehensive services.
