Introduction: The Forex Funder Overview
Discover the Opportunity:
Have you ever dreamt of securing up to $2.5 million in funding and claiming a remarkable 95% share of the initial profit split? If this sounds intriguing and new to you, this article will take you on a comprehensive journey through a company that extends this enticing offer. They allow you to trade with capital as high as $2.5 million and grant you an impressive 95% share of the profits generated from the funded account.
Funding Models:
These opportunities come in three different funding models: the One-Step Evaluation Model, the Two-Step Evaluation Model, and the Rapid Evaluation Model. We will delve deep into each of these models, exploring the unique benefits they offer. This will include an in-depth examination of the One-Step Evaluation Model, a detailed analysis of the Two-Step Evaluation Model, and a thorough overview of the Rapid Evaluation Model. By the end of this exploration, you will have a clear understanding of whether these funding models are the right fit for you and whether The Forex Funder is the ideal firm for your financial endeavors.
When you sign up for a The Forex Funder, you can enjoy an 10% discount by using the discount code MYFOREXBUDDY.
One-Step Evaluation: Exploring the Details
The One-Step Evaluation offered by The Forex Funder involves a single-phase evaluation process. Completing this phase and reaching the profit target earns you a funded account. These funded accounts come in various sizes, ranging from $10,000 to $400,000.
One Step Evaluation Challange
| Capital | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 | $300,000 | $400,000 |
|---|---|---|---|---|---|---|---|
| Targets | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 4% | 4% | 4% | 4% | 4% | 4% | 4% |
| Overall Drawdown | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Available Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 155$ | 270$ | 490$ | 860$ | 1550$ | 2235$ | 2860$ |
Here are the available account sizes:
- $10,000 One-Step Evaluation Account
- $25,000 One-Step Evaluation Account
- $50,000 One-Step Evaluation Account
- $100,000 One-Step Evaluation Account
- $200,000 One-Step Evaluation Account
- $300,000 One-Step Evaluation Account
- $400,000 One-Step Evaluation Account
If you wish to trade with up to $2.5 million in total capital, you can merge multiple accounts after completing the evaluation.
Key features of the One-Step Evaluation:
- Unlimited trading days requirement - No time limit restrictions
- Minimum trading days requirement is zero - You can complete the evaluation and move to the funded account on the same day
- Maximum daily loss limit is 4%
- Exceptional maximum overall loss limit of 8%
- Profit target is a consistent 10% across all accounts
- No minimum or maximum trading days limitations
- Refundable fee: $860 for the $100,000 account
After successfully completing the One-Step Evaluation, you'll be eligible to receive 95% of the profit share from the funded account.
Costs for each account size:
- $10,000 One-Step Evaluation Account: $155
- $25,000 One-Step Evaluation Account: $270
- $50,000 One-Step Evaluation Account: $490
- $100,000 One-Step Evaluation Account: $860
- $200,000 One-Step Evaluation Account: $1,550
- $300,000 One-Step Evaluation Account: $2,235
- $400,000 One-Step Evaluation Account: $2,860
Important Note: The usage of expert advisors is not permitted in the funded account. Funded accounts are awarded after review, and only one step is required to access these opportunities.
Two-Step Evaluation: A Closer Look
The Two-Step Evaluation option from The Forex Funder offers a broader range of account sizes, including $500,000 and $1,000,000 accounts. Imagine taking on the challenge of a million-dollar account and successfully passing it, putting you in control of a substantial trading capital from day one. In addition to the $500,000 and $1,000,000 accounts, they also offer account sizes starting from $10,000, all the way up to $400,000.
Two Step Evaluation Challange
| Capital | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 | $10,00,000 |
|---|---|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 5 Days | 5 Days | 5 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Overall Drawdown | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 12% |
| Available Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 95$ | 169$ | 305$ | 539$ | 929$ | 1339$ | 1689$ | 1750$ | 3300$ |
Available account sizes in Two-Step Evaluation:
- $10,000 Two-Step Evaluation Account
- $25,000 Two-Step Evaluation Account
- $50,000 Two-Step Evaluation Account
- $100,000 Two-Step Evaluation Account
- $200,000 Two-Step Evaluation Account
- $300,000 Two-Step Evaluation Account
- $400,000 Two-Step Evaluation Account
- $500,000 Two-Step Evaluation Account
- $1,000,000 Two-Step Evaluation Account
Key features of the Two-Step Evaluation:
- Unlimited trading days requirement in both phases
- No minimum trading days requirement
- Maximum daily loss limit is 5%
- Maximum overall loss limit is 12%
- Phase 1 profit target is 8%, equivalent to $8,000 on a $100,000 account
- Phase 2 profit target is 5%, equivalent to $5,000 on a $100,000 account
- Refundable fee: $539 before discount
After completing both phases of the Two-Step Evaluation, you'll be awarded the funded account. Like with other evaluations, you're eligible to receive 95% of the profit share from this funded account.
Costs for each account size in Two-Step Evaluation:
- $10,000 Two-Step Evaluation Account: $95 before discount
- $25,000 Two-Step Evaluation Account: $169
- $50,000 Two-Step Evaluation Account: $305
- $100,000 Two-Step Evaluation Account: $539
- $200,000 Two-Step Evaluation Account: $929 before discount
- $300,000 Two-Step Evaluation Account: $1,339
- $400,000 Two-Step Evaluation Account: $1,689
- $500,000 Two-Step Evaluation Account: $1,750 before discount
- $1,000,000 Two-Step Evaluation Account: $3,300 before discount
Rapid Evaluation: Unique Features and Pricing
Let's take a closer look at the Rapid Evaluation and see how it differs from the Two-Step Evaluation. The Rapid Evaluation also consists of two phases, but there are key differences.
Rapid Challange
| Capital | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 | $300,000 | $400,000 | $500,000 | $10,00,000 |
|---|---|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% | Phase I- Propfit Target = 6%, Phase II- Profit Target = 6% |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days | 5 Days | 5 Days | 5 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
| Overall Drawdown | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
| Available Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 119.99$ | 211.99$ | 381.99$ | 673.99$ | 1161.99$ | 1673.99$ | 2111.99$ | 2187.99$ | 4125.99$ |
Key features of the Rapid Evaluation:
- Two-phase evaluation with unlimited trading days
- No minimum time restrictions
- Phase 1 profit target is 6%
- Phase 2 profit target is 6%
- 3% daily loss limit
- 6% overall loss limit
While the profit targets in Rapid Evaluation are lower compared to the Two-Step Evaluation, there is a trade-off. Rapid Evaluation comes with a daily loss limit of 3% and an overall loss limit of 6%, which is more restrictive.
Costs for each account size in Rapid Evaluation:
- $10,000 Rapid Evaluation Account: $119.89
- $25,000 Rapid Evaluation Account: $211.99
- $50,000 Rapid Evaluation Account: $381.99
- $100,000 Rapid Evaluation Account: $674 (before discount)
- $200,000 Rapid Evaluation Account: $1,161.99
- $300,000 Rapid Evaluation Account: $1,673.99
- $400,000 Rapid Evaluation Account: $2,111.99
- $500,000 Rapid Evaluation Account: $2,187.99
- $1,000,000 Rapid Evaluation Account: $4,125.99
While the Rapid Evaluation offers different profit targets and pricing, other aspects remain similar to the Two-Step Evaluation. The choice between the two models depends on your trading preferences and risk tolerance.
Trustpilot Rating: Assessing Credibility
Trustpilot Rating:
Before delving into further details, let's take a look at The Forex Funder's Trustpilot rating to assess their credibility. Their Trustpilot profile boasts more than 811 reviews, which is a positive indicator. The overall rating stands at 4.2, which, in my opinion, is a good rating. Generally, any rating above 4 is considered good, while anything above 4.7 is deemed excellent. These ratings are based on feedback from 811 reviews.
Here's a breakdown of the Trustpilot reviews:
- 82% of reviews are 5-star
- 5% of reviews are 4-star
- Less than 1% of reviews are 3-star
- Less than 1% of reviews are 2-star
- 13% of reviews are 1-star
This Trustpilot rating and review distribution can provide valuable insights into the company's reputation and the experiences of their customers.
Comparing The Forex Funder: A Competitive Edge
Let's compare The Forex Funder with another well-known program like the Funded Trader Program (FTMO). The Forex Funder offers some distinct advantages. They provide:
- Unlimited trading days
- No minimum trading days requirement
- Account sizes of $500,000 and $1 million at affordable prices
- Regulation in the United Kingdom, ensuring safety and compliance
- Partner broker: Think Markets, known for reliability
- Maximum capital holding of $2.5 million
- Leverage of 1:100 for challenge accounts
- Raw spreads with no commission or swap fees
- Eligibility for participants aged 18 and above, with a KYC process
One important requirement to note is that The Forex Funder mandates the use of stop-loss orders for every trade. This emphasis on risk management can be crucial for traders.
If you wish to merge your accounts, you can simply contact The Forex Funder via email to streamline your trading experience. The option to hold accounts up to $2.5 million, along with these features, positions The Forex Funder as a compelling choice for traders.
Conclusion: Summary and Next Steps
I hope this review has provided you with a comprehensive understanding of The Forex Funder and the various evaluation models they offer. It's essential to weigh your options and choose the one that best aligns with your trading goals and risk tolerance.
Thank you for taking the time to read this article. If you have any more questions or if you're looking for more insights in the future, stay tuned for our next article. Goodbye for now!