FundedX offers traders a trade up to $1M, scale capital $5M, and to trade their fund of $10M+ through a well-established evaluation process, while offering a fair profit-sharing model.
FundedX stands out for a number of reasons, including its raw spreads.The company is known for its easy to use platform, modern technology and quality customer support. The 2-step evaluation process helps skilled traders to progress steadily.
Overview of FundedX Prop Firm
FundedX is often compared to other popular prop trading firms such as Elite Trader Funding, Fidelcrest, and FTMO.
While each of these firms has its own strengths and weaknesses, FundedX distinguishes itself through its accessibility and accommodation of various trading styles.
Some aspects to consider before joining FundedX include the initial costs and the risk of losing the evaluation fee if you don’t meet their trading requirements. Remember that, like any other prop firm, FundedX does have specific trading conditions you must follow in order to maintain your funded account.
What Makes it Unique?
Here’s what separates Fundedx from the crowd:
- Dynamic Team: The team of FundedX has seasoned traders and financial experts as advisors.
- Supportive Platform: At FundedX platform, the support is amazing for beginners and professionals. Here they will help you brush up your skills, supporting ambition, and determination.
- Real Success: They offer the resources, expert guidance, tools, and mentorship you need to succeed in the trading world.
Owner of FundedX
FundedX is The Funding Prop Firm owned by: AJ Currency. AJ Currency owner, AKA Adrian Mudronja is an Australian Trading Professional.
Getting Started With FundedX
FundedX provides an opportunity for traders to prove their skills and get access to substantial trading capital.
- Choose Your Challenge
- Payment
- Start Trading
To get started, you first need to register on their platform. Once registered and logged in, you will choose a trading challenge that aligns with your objectives and trading style.
The challenges have different funding levels, starting from a beginner-friendly account all the way up to more advanced and professional levels.
The primary goal is to successfully complete the challenge, which involves meeting specific criteria regarding profit targets, drawdown limits, and risk management, among other rules.
FundedX Challenge Rules
The FundedX challenge rules vary based on the funding level you select. Check the table below to see the challenge rules for every account as well as pricing:
| 5K | 10K | 25K | 50K | 100K | 200K | 500K | $1.0M | |
|---|---|---|---|---|---|---|---|---|
| Price | $69.00 | $129.00 | $199.00 | $299.00 | $529.00 | $989.00 | $2,500.00 | $5,000.00 |
| Trading Period | Unlimited days | Unlimited days | Unlimited days | Unlimited days | Unlimited days | Unlimited days | Unlimited days | Unlimited days |
| Phase 1 Target – 8% | $400.00 | $800.00 | $2,000.00 | $4,000.00 | $8,000.00 | $16,000.00 | $40,000.00 | $80,000.00 |
| Phase 2 Target – 5% | $250.00 | $500.00 | $1,250.00 | $2,500.00 | $5,000.00 | $10,000.00 | $25,000.00 | $50,000.00 |
| Max Loss – 10% | $500.00 | $1,000.00 | $2,500.00 | $5,000.00 | $10,000.00 | $20,000.00 | $50,000.00 | $100,000.00 |
| Max Daily Loss – 5% | $250.00 | $500.00 | $1,250.00 | $2,500.00 | $5,000.00 | $10,000.00 | $25,000.00 | $50,000.00 |
| Minimum Trading Days | 3 Days | 3 Days | 3 Days | 3 Days | 3 Days | 3 Days | 3 Days | 3 Days |
| Split | 90% | 90% | 90% | 90% | 90% | 90% | 90% | 90% |
| Refundable Fees | 115% | 115% | 115% | 115% | 115% | 115% | 115% | 115% |
Funding Process
Getting real funds at FundedX is very simplified:
- Complete the Trading Challenge: Show your trading abilities and meet the required criteria.
- Receive your Funding Offer: After you successfully complete the challenge, you’ll receive a funding offer. .
- Accept the Offer: Once you accept the offer, you can trade using the FundedX account.
The Most Prominent FundedX Trading Benefits
By joining FundedX and passing the challenge, you will have a capital to trade with as well as:
- Low Spreads: FundedX offers zero to minimal spreads
- Customer Support: Providing expert and fast support.
- Educational Resources: You can learn from other traders and join their Discord channel. .
Understanding the 90% Profit Split with FundedX
FundedX offers its traders a remarkable profit split, ranging from 80% – 90%. This means that when you make a profit in your trading activities, you can keep 80% – 90% of the earnings. The remaining percentage is for the company.
Another unique aspect of FundedX is that they offer a 15% profit share from the profits made during their challenge. This means that, even during the evaluation process, you can earn. This is a distinct feature compared to other prop firms.
Here’s a simple breakdown of the profit split offered by FundedX:
- Trader’s share: 80 to 90%
- Company’s share: 10 to 20%
- Profit-sharing during the challenge phase: 15%
FundedX provides a generous profit-sharing system to its traders. Their profit split and additional benefits during the challenge phase sets them apart from other prop firms in the industry.
FundedX Payout Frequency
For the first payout, you will have to successfully trade for a total of 4 weeks (28 days). After this initial period, the payout frequency is scheduled at every two trading weeks (14 days).
To give you a better overview:
- First payout is after 4 weeks (28 days)
- Next payouts every 2 weeks (14 days)
Real User Experiences
After we checked a ton of online reviews and testimonials, it seems that many users have had a positive experience with FundedX. Most people reported that the platform was easy to use, which allowed them to focus on trading without being bogged down with technical issues.
Here’s a quick summary of key points regarding real user experiences at FundedX:
- User-friendly interface: Many users have praised FundedX’s simple and easy-to-navigate interface, allowing them to concentrate on trading. This is particularly important for new users who may not be familiar with more technical aspects.
- Customer support: Another benefit mentioned by users was responsive customer support. Quick team assistance is crucial for resolving any issues or doubts during trading.
- Trading opportunity: FundedX offers traders a chance to show their skills and potentially access larger trading pools. According to the reviews, several users have successfully progressed through the evaluation process and got bigger funds.
- Transparency: Users also liked the FundedX transparent rules and guidelines.
Is FundedX a Scam?
FundedX has received an average rating of 3.7 stars on Trustpilot, with a mix of positive and negative feedback. One particular review praises the firm’s fast service and low spreads.
On Scamadviser, the legitimacy of FundedX is listed as “suspicious.” There are no reviews to provide further information or back this up, but it is a red flag that might be worth mentioning.
Comparing FundedX to Other Prop Firms
Below is a brief competitor analysis comparing key features of FundedX and top prop trading firms:
| Prop Trading Firm | Customer Reviews | Account Types & Sizes | Leverage | Trading Instruments |
|---|---|---|---|---|
| FundedX | 3.7 (Trustpilot) | Customizable | Variable | Multi-asset |
| Funder Trading | 4.2 (Google Reviews) | Mini, Standard, Premium | 1:10, 1:20, 1:50 | Stocks, Options, Forex |
| FTMO | 4.5 (Trustpilot) | Demo, Classic, Challenge | 1:10, 1:50, 1:100 | Forex, Cryptocurrency, Indices |
| The Funded Trader | 3.9 (Trustpilot) | Intro, Advanced, Pro | 1:10, 1:30, 1:50 | Stocks, Futures, Options |
| Funding Traders | 4.0 (Google Reviews) | Basic, Pro, Elite | 1:20, 1:50, 1:100 | Forex, Commodities, Stocks |
FundedX stands out mainly due to its positive customer service reviews. For example, according to Trustpilot, FundedX received a 3.7-star rating on January 7, 2024. A customer mentioned the zero spread feature during their challenge phase, which is a great advantage for traders.
Expert Opinions
In summary, experts provide the following ratings for key aspects of FundedX:
| Category | Rating |
|---|---|
| Investment Instruments | 9.5/10 |
| Execution of Orders | 8.9/10 |
| Withdrawal Speed | 9.3/10 |
| Customer Support | 9.1/10 |
| Variety of Instruments | 8.8/10 |
| Trading Platform | 9.6/10 |
These ratings and insights from industry professionals give you a solid foundation to gauge the performance and reliability of FundedX as a trading platform.
While every trader’s experience is different, the opinions of experts and their detailed analysis can be a valuable reference.
Support and community
FundedX support is available 24/7 via emails & live chat
Work hours are from 8am-5pm EST, Monday-Friday
You can contact them at: [emailprotected]
Or join their Discord group: https://discord.gg/TcJRKAakPr
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