FunderPro Account Types and Differences

FunderPro account types and differences offers various account types to suit various trading styles and preferences. A proprietary trading company called FunderPro has drawn notice for its dedication to giving traders access to actual funding, daily rewards, and clear trading rules. For traders hoping to match their objectives and methods with the best funding possibility, it is essential to comprehend the many account kinds that FunderPro provides. Five distinct alternatives with varying fundraising quantities are offered by FunderPro.

Numerous Difficulties

To meet different trading techniques and goals, FunderPro provides three primary challenge kinds. These consist of Swing, Regular, and Fast Track accounts. Every account is diverse and accommodates a range of trading styles. FunderPro is setting a new benchmark for secure, equitable, and transparent finance. 

Fast Track (1-Phase Challenge)

With a focus on rapid evaluation, the Fast Track challenge is a one-phase evaluation that is intended for seasoned traders who can show profitability quickly. This type of account allows you to get funded more quickly by utilizing your tried-and-true methods.

• Characteristics:
  • One-Phase Evaluation: Requires passing only one evaluation phase to get funded.
  • Faster Funding: Suited for traders who want to access capital quickly.
  • Max Daily Drawdown: 4%.
  • Max Overall Drawdown: 7%.

Regular (2-Phase Challenge)

This account is intended for traders who employ larger leverage to profit from intraday swings, and the Regular challenge is a two-phase assessment that gauges users’ consistency and risk management abilities.

• Characteristics:
  • Two-Phase Evaluation: Requires passing two evaluation phases.
  • Higher Leverage: Allows traders to capitalize on short-term market fluctuations.
  • Max Daily Drawdown: 5%.
  • Max Overall Drawdown: 10%.

Swing (2-Phase Challenge)

For traders who would rather hold positions for longer periods of time and earn from riding trends, the Swing account is a two-phase challenge. With the launch of its new “FunderPro Swing Accounts,” FunderPro made a big advancement in the prop industry. Traders can hold positions during news events and the weekend with this sort of account. 

• Characteristics:
  • Two-Phase Evaluation: Necessitates completing two assessment stages.
  • Weekend Holding: Over the weekend, positions may be held.
  • News Holding: During news events, positions may be held.
  • No Minimum Trading Days: After hitting the profit goal for a given phase, traders are free to go on to the next one without having to follow a predetermined number of trading days.
  • No Consistency Rule: Strict consistency criteria are no longer applicable to traders. 
  • Max Daily Drawdown: 5%.
  • Max Overall Drawdown: 10%.

FunderPro Account Features

• Whatever the sort of challenge, FunderPro offers traders a number of essential features:
• Daily Payouts: Whenever a trader’s balance is profitable by at least $50, they are eligible to request a reward. Payout processing takes eight hours on average.
• Real Funding: Unlike virtual money, FunderPro Funded Accounts are STP Accounts financed with actual capital.
• Clear Rules: FunderPro doesn’t have any unstated guidelines or costs. You only have to pay the initial Challenge charge, and once you are funded, the full fee amount will be applied to your first reward. 
• Trading Platforms: cTrader, Trade Locker.

Account Comparison

Here’s a comparison of the key features across the different FunderPro account types:

Evaluation Phases

• Fast Track (1-Phase): 1
• Regular (2-Phase): 2
• Swing (2-Phase): 2

Weekend Holding

• Fast Track (1-Phase): No
• Regular (2-Phase): No
• Swing (2-Phase): Yes

News Holding

• Fast Track (1-Phase): No
• Regular (2-Phase): No
• Swing (2-Phase): Yes

Max Daily Drawdown

• Fast Track (1-Phase): 4%
• Regular (2-Phase): 5%
• Swing (2-Phase): 5%

Max Overall Drawdown

• Fast Track (1-Phase): 7%
• Regular (2-Phase): 10%
• Swing (2-Phase): 10%

HFT Allowed

• Fast Track (1-Phase): No
• Regular (2-Phase): No
• Swing (2-Phase): No

Martiangle Allowed

• Fast Track (1-Phase): No
• Regular (2-Phase): No
• Swing (2-Phase): No

Hedging Allowed

• Fast Track (1-Phase): No
• Regular (2-Phase): No
• Swing (2-Phase): No

Copy Trading Allowed

• Fast Track (1-Phase): Yes
• Regular (2-Phase): Yes
• Swing (2-Phase): Yes

Minimum Trading Days

• Fast Track (1-Phase): Yes
• Regular (2-Phase): Yes
• Swing (2-Phase): No

Consistency Rule

• Fast Track (1-Phase): Yes
• Regular (2-Phase): Yes
• Swing (2-Phase): No

Choosing the Right Account

Depending on your trading preferences, risk tolerance, and style, you can choose the right FunderPro account.

• If you are a seasoned trader looking for rapid funding and are capable of meeting profit targets effectively, go with Fast Track.
• If you are experienced with intraday trading and would want a balanced approach with a two-phase evaluation, go with the Regular account.
• If you use tactics that profit from holding positions over weekends and during news events, use the Swing account.

Countries Unable to Trade From

Afghanistan, Belarus, Central African Republic, Congo (the Democratic Republic of), Cuba, Haiti, Iran, Iraq, Libya, Mali, Myanmar (Burma), North Korea, Somalia, Sudan, Syria, The Russian Federation, Donetsk Region of Ukraine, Zaporizhzhia Region of Ukraine, Luhansk Region of Ukraine, Kherson Region of Ukraine, Crimea Region of Ukraine, Sevastopol Region of Ukraine, Venezuela, Yemen, and the Russian Federation are among the countries to which FunderPro is unable to provide services. By being aware of the specifics of each account type, traders can make well-informed choices and increase their chances of success with FunderPro.

In conclusion

In order to satisfy the various demands of traders in the current dynamic market environment, FunderPro account types and differences provide a range of account types. There is something for everyone, ranging from options that are easy for beginners to more complex alternatives like the Fast track, regular and the swing Accounts.

Traders can choose the account type that best fits their needs by being aware of the distinctions between these accounts, taking into consideration their individual objectives, and taking their level of experience into account. FunderPro is still a strong option for novice and seasoned traders wishing to succeed in proprietary trading because of its versatile options and attractive profit-sharing plans.

Frequently Asked Questions

What Should I Do Before Signing Up With FunderPro?

Visit FunderPro prop firm site to read and understand their rules, check the reviews of FunderPro, and conduct your own diligence before signing up with FunderPro.

What Are The Various Account Types Offered By FunderPro

• Fast Track
• Regular
• Swing

How Can Traders Choose The Account Type That Best Fits Their Needs

• Traders can choose the account type that best fits their needs by being aware of the distinctions between these accounts, taking into consideration their individual objectives, and taking their level of experience into account.