Ryze Funding Reviews

What is Ryze Funding?

Daniel Akesson, a Swedish financial professional, introduced Ryze Funding in June 2023. The organization offers capital accounts with a range of $500 to $250,000, and the least expensive account is available for just $5.

Traders might choose to adhere to a conventional two-phase evaluation methodology or select a third phase to further reduce expenses. Novice traders can engage in proprietary trading without having to make substantial financial commitments.

Daniel Akesson CEO (Chief Executive Officer) at Ryze Funding

Daniel Akesson is a Stockholm-based professional hailing from Sweden, with a degree from the prestigious Stockholm School of Economics. His background in business and investing is extensive. Daniel commenced his professional journey as a Junior Group Finance Officer at Saxo Bank, where he cultivated proficiency in financial analysis, budgeting, and risk management. 

Subsequently, he held the position of Investment Operations Officer at FNZ, where he acquired further expertise in supervising investment procedures and handling intricate financial systems. Daniel possesses a knack for creating user-friendly digital platforms that offer a seamless and intuitive user experience. His most notable accomplishment is the establishment of Ryze Funding, a privately owned trading company that showcases his resolute commitment and diligent efforts. 

Daniel, as the leader of Ryze Funding, has successfully gained the confidence of investors, overseen risk management teams, launched marketing and customer service campaigns, worked closely with talented developers, and performed thorough research and development. 

Daniel’s main objective is to enhance the capabilities of traders globally by equipping them with essential tools, resources, and assistance to thrive in the trading industry. His ambition is to help traders attain their financial objectives and fulfill their aspirations through Ryze Funding.

Ryze Funding Programs and Challenges: Rules and Requirements 

Ryze Funding provides two separate Challenge Programs, each specifically designed to offer traders a straightforward route to accessing trading funds.

1. Phase Challenge 

Challenge	Phase 1	Phase 2	Funded
Profit Target	8%	5%	95%
Max Trading Days	Unlimited	Unlimited	Unlimited
Daily Drawdown	5%	5%	5%
Max Drawdown	12%	12%	12%

2. Phase Challenge Plus 

Challenge	Phase 1	Phase 2	Funded
Profit Target	8%	5%	95%
Max Trading Days	60	120	Unlimited
Daily Drawdown	5%	5%	5%
Max Drawdown	15%	15%	12%

When contemplating which endeavor to pursue, there are four alternatives to select from:

• Biphasic (Unrestricted)
• Two-Phase (Plus+)
• Unrestricted Three-Phase
• Tri-phase (Plus+)

Comparison of features and benefits between the Unlimited and Plus+ options:

The following are the primary differentiating factors among these account types:

• Unlimited: These accounts have no limit on the number of trading days, enabling traders to take as much time as necessary to complete the challenge. The greatest decline is capped at 12%.

• Additionally, these accounts enforce a time constraint of 60 days for phase one and 120 days for succeeding phases. The greatest decline is capped at 15%.

Profit Targets: The set profit targets for the challenges are as follows:

1. The initial phase aims to achieve a profit target of 8%.
2. The desired profit margin for the second phase is set at 5%.
3. The aim for participants who choose to participate in the optional third phase is 3%.

Ryze Funding Broker: Do They Use a Reliable Platform? 

BlackBull Markets

BlackBull Markets, founded in 2014, is a brokerage firm based in New Zealand. They are well-known for being a trustworthy ECN broker, providing a wide range of tradable assets and access to high-quality tier-1 liquidity.

Tradable Assets 

Currently, there is a diverse range of more than 285 assets that are accessible for trading, encompassing:

• Forex
• Cypto
• Indices
• Metals
• Energy

Commissions and spread 

The commission fee for all instruments is $0. Live spreads can be accessed by logging into the read-only MetaTrader4 account. 

Ryze Funding Fees: How Much Do They Charge? 

Regarding pricing options in Ryze Funding, individuals have the opportunity to select between two alternatives. People have the option to choose the conventional two-phase challenge at the standard cost. Alternatively, they might choose to include an additional phase that aims to achieve a profit target of 3%, which will significantly reduce the overall cost.

The rates for both the unlimited and plus+ options are identical. Ryze Funding currently does not provide trial accounts, but they plan to introduce free trial accounts in the fourth quarter of 2023. This project seeks to provide traders with the opportunity to experience a trial of their services before making any obligations.

Two-Phase	Three-Phase	Capital
$9	$500	$5
$19	$1000	$11
$29	$2500	$17
$49	$5,000	$29
$99	$10,000	$59
$199	$25,000	$119
$299	$50,000	$179
$499	$100,000	$299
$699	$150,000	$419
$949	$250,000	$569

Ryze Funding Proof of Payment:

Withdrawals can be initiated by any individual directly from the trader’s dashboard in Ryze Funding. To be eligible for a withdrawal, people must satisfy one of the following conditions:

• For initial withdrawals, a minimum of 14 days must have passed since their most recent trade.
• For all subsequent withdrawals, a minimum of 14 days must have elapsed since their most recent withdrawal.

DEEL is the exclusive platform used for all payout transactions. Traders can choose from a range of withdrawal methods, such as Bitcoin, bank transfer, and PayPal.

Ryze Funding provides multiple withdrawal alternatives, with Wise serving as the major mode. Traders have the option to choose from Direct Bank Transfer, Binance, Coinbase, PayPal, and Revolut. Ryze Funding guarantees quick distribution of the money with a profit split starting at 85% and the potential to increase up to a maximum of 95% as their account grows.

Ryze Funding Customer Support: 

Ryze Funding emphasizes the importance of providing strong customer support services to assist its partner traders in rapidly addressing their complaints and inquiries. The organization offers two primary channels for clients to contact their technical support team, guaranteeing easy access to assistance. The available contact methods encompass email and phone communication.

Contact Information

To communicate by email, clients can contact Ryze Funding at [email protected]. Moreover, customers have the option to reach out to the technical assistance department by contacting +971 45 646901.

The office of Ryze Funding is situated at Central Park Towers, specifically on the 16th floor, office 1644, in the Office Tower of the Dubai International Financial Centre (DIFC) in the United Arab Emirates.

What Makes Ryze Funding Unique? 

Ryze Funding is a proprietary trading organization that distinguishes itself from its rivals by providing two funding programs: Phase Challenge and Phase Challenge Plus Accounts. These programs offer traders significant versatility in their trading techniques, enabling them to participate in activities such as news trading, holding positions overnight, and trading on weekends (available only for Extended accounts as an additional feature).

Ryze Funding Reviews: What Do Their Customers Say?

Trustpilot Reviews

Ryze Funding has received a rating of 4.6 out of 5 stars on Trustpilot. They are positioned on the grand stage near the platform. A cumulative sum of 790 reviews has been placed by customers on Trustpilot.  

#1. The *Ryze Funding* platform offers a unique opportunity with exceptionally cheap fees, making it ideal for novices or those with limited initial capital. In addition to financial savings, this activity also provides opportunities to develop skills in trade analysis and manage the psychological aspects of trading. In addition, they provide discounts to enhance the offer. 

Their strategy allows for progressive account growth while maintaining fair trading conditions. If people require assistance at any time, their customer care is exceptional. In general, it is an excellent choice for individuals who want to start forex trading without spending a lot of money.

#2. Tyreek Glanville claimed that he initiated a funded account with Ryze for a mere USD 5, which was then increased to $500. He is really satisfied with the account’s price due to its recent departure from SCL and the inclusion of Ryze, which has provided me with a trading opportunity.

#3. Thabo Dube, an affiliate and funded trader for this firm since its inception, was initially attracted by their competitive pricing challenges. After completing one of these challenges, he was able to secure funding. However, he found the process to be quite difficult. Thabo rates the firm with 3 stars and suggests that they improve their website’s Traders room and implement a certification system for those who pass the challenges. He is also interested in their implementation of the MT5 platform, as it is favored by certain individuals.

The withdrawal process can be initiated and completed simply on the website. Given that it is a newly established company, it remains to be seen if it will thrive or falter. However, he is optimistic that they possess potential within the business.

#4. According to TY, the price is cost-effective for the phase account and there are competitive promotional reductions available. Nevertheless, following the loss of profitable accounts due to the trailing drawdown, he has transitioned to a static drawdown funding firm (with other alternatives available). The occurrence of a trailing drawdown, which results in losses despite being in a profitable position, strongly benefits Ryze Funding and does not accurately reflect actual trading conditions. Simultaneously providing solely MT4. A deprecated proposal.

#5. According to Kobsalsalah Alsalah, it is advised not to trust them as they exploit and profit from people’s recorded information. They purchased favorable comments on this platform solely to distribute complimentary accounts worth $500. However, they have failed to remunerate me and have also deleted my communications since December 16th. This group’s actions can be characterized as unethical.

Conclusion

Ryze Funding has implemented novel features, such as providing cost-effective fees and a wide range of capital choices, in response to high demand, particularly in developing economies. They have partnered with BlackBull Markets to offer proprietary traders with leverage similar to that of retail traders, with a ratio of 1:500.

Ryze Funding offers a low-cost starting point of $5, providing a low-risk opportunity for traders of different levels, including beginners. This is particularly beneficial for those who feel that demo accounts lack the psychological realism they need. By investing in a cost-effective account with Ryze, anyone can easily address this gap. 

Furthermore, the versatility of capital choices is priceless for traders hailing from many economic backgrounds, acknowledging that $1000 carries unique importance on a worldwide scale. This inclusivity provides possibilities to ambitious traders globally.

Thus, the platform functions as a helpful tool for testing novel methods or expert advisers, providing a low-risk setting that encourages experimentation and improvement.

Nevertheless, there are doubts over the enduring viability of Ryze Funding’s alluring conditions. As the number of traders increases on the platform, their firsthand experiences and reviews will offer valuable insights into the platform’s longevity and effectiveness in satisfying the needs of traders. The real extent of its viability will only be revealed over time.