FX2 Funding - Prop Firm Review
- Saint Lucia company – despite the About page still calling it a “United States entity”
- You contract with Prop Account Ltd, a UK company; US and Canadian residents not accepted
- Static on the 2-Step (10%) and 1-Step Pro (6%); the 1-Step trails
- Requesting a payout resets your drawdown to your starting balance
- No refunds on any services; 95% split is a paid add-on
Last reviewed: 13 July 2026. Checked against FX2 Funding’s official terms, FAQ and pricing pages, and against Companies House. Figures below reflect the products on sale at the time of review; prop firm rules change often, so always confirm on the firm’s own pages before you buy.
TL;DR: FX2 Funding in 30 seconds
- What it is: a Saint Lucia company — though its own About page still calls it a “United States entity”. You actually contract with Prop Account Ltd, a UK company. Unregulated; US and Canadian residents not accepted.
- The split: 80% on the 2-Step, 75% on the 1-Step products. 95% is a paid add-on (+25% of the fee).
- The drawdown: static on the 2-Step (10%) and 1-Step Pro (6%). The 1-Step trails.
- The catch: requesting a payout resets your drawdown to your starting balance. Their own example: a $100k account up $3,000 withdraws $2,000 and is left with about $1,000 of room. Build a 5-6% cushion first.
- Cost: one-time fee, and not refundable — the terms state there are no refunds on any services.
- Best for: traders who want few rules — no time limit, no minimum days, no consistency rule — and the discipline not to withdraw early.
Firm Overview
FX2 Funding is a simulated-capital prop firm, and working out who you are actually dealing with takes more effort than it should.
The sitewide footer names FX2 Funding, LTD, registry number 2025-00108, at The Sotheby Building, Rodney Bay, Saint Lucia. The About Us page, still live today, says something different: “FX2 Funding, LLC is a United States entity backed by expansive private capital holdings.” Those cannot both be true, and the footer is the one that carries legal weight. FX2 is a Saint Lucia company. It is also, per the same footer, not available to residents of the USA or Canada — which makes the “United States entity” line doubly odd.
And the company you actually contract with is a third one. The footer states that assessments “are provided by Prop Account LTD” and that all fees are paid to it, and that a funded trader signs a Trader Agreement with Prop Account LTD. FX2’s terms link goes off-site to Dashboard Analytix, which opens by naming “the Prop Account Group of Companies”. Card charges appear as dashboardanalytix.com.
Companies House confirms Prop Account Ltd as an active UK company (no. 10449848), and records that it was called Forest Park FX Limited until 30 July 2025.
There is no regulator. FX2 states it is not a broker, and all accounts are simulated. The firm also discloses, to its credit, that it “may offset or negate market risk and act as the direct counterparty to certain trades” — meaning it can be on the other side of your position.
The Product Line
| Programme | Profit target | Daily DD | Max DD | Drawdown type | Base split |
|---|---|---|---|---|---|
| 2-Step | 6-8% then 5% | 4% | 10% | Static | 80% |
| 1-Step | 10% | 4% | 6% | Trailing | 75% |
| 1-Step Pro | 10% | 4% | 6% | Static | 75% |
Sizes run $5,000 to $200,000, from $50 to $1,125. There is no time limit, no minimum trading days and no consistency rule on any CFD programme — a genuinely permissive set-up.
Two cautions. First, the daily drawdown is calculated on “the higher value between the closed balance and equity”, which is stricter than a plain balance-based limit. Second, the drawdown tooltip on FX2’s own product page is wrong: it describes the maximum drawdown as static for all three programmes, including the one the selector itself labels “6% Trailing Drawdown”. The FAQ is the accurate version — the 1-Step trails from the high-water mark of your closed balance and locks once you are 6% up.
A separate Futures product runs on Rithmic and DXFutures, on a $225 monthly subscription. Note that cancelling the subscription is treated as a breach and loses the account.
Requesting A Payout Resets Your Drawdown
This is the rule that decides more FX2 accounts than any other, and the firm states it openly rather than hiding it:
“it’s unadvisable to withdraw profit before reaching 5-6%, because once you request a payout your maximum drawdown will be your initial starting capital balance.“
FX2’s own worked example: a $100,000 trader up $3,000 withdraws $2,000. Their balance is now $101,000 — and their maximum drawdown floor has moved to $100,000. They are left with $1,000 of room on a six-figure account.
The practical rule of thumb is therefore the opposite of most traders’ instinct: do not take your first payout early. Build a buffer of at least 5-6% first, because the moment you withdraw, the floor comes up to meet you and stays there.
Under the (currently unsold) Instant Funding rules, FX2 spelled out the endgame even more bluntly: taking a full withdrawal of your gains locks the drawdown at the starting balance and “trigger[s] the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.”
What Happens To Your Profit If You Breach
FX2’s FAQ and FX2’s binding terms say opposite things, and this is worth knowing before you find out the hard way.
The FAQ says you keep it:
“If you have gains in your funded account at the time of a hard breach, you can still request the withdrawal of your portion of those gains… Of the $10,000 in gains in your funded account, you would be paid your portion thereof.”
The binding terms say you do not:
“Generally, any profits in breached accounts will be forfeited.“
Which one does FX2 actually apply? In a public reply to a trader in November 2025, the firm wrote: “violating the DD rule voids your profit eligibility.” That is the terms version, not the FAQ version.
Assume the terms govern. A breach forfeits the profit, whatever the FAQ implies.
Fees, Refund and Split
There is no refund and no rebate. The binding terms are one line: “There are no refunds on any Services purchased from the Company.” The fee is not returned on passing, and it is not returned on failing.
On the split, FX2 contradicts itself. The FAQ and the product description both say the default is 80/20, while the live product data shows 75% on the 1-Step and 1-Step Pro and 80% on the 2-Step. What is not in doubt is the ceiling: 95% is a paid add-on costing an extra 25% of the fee, bought at checkout. It is not earned and not a tier. A 5-day payout cycle is a further +15%.
Payouts
| Payout term | Detail |
|---|---|
| Minimum payout | 1% of your initial balance |
| First payout | 14 days after your first trade |
| Cycle | Every 14 days; every 5 days with the paid add-on |
| Processing | Within 48 hours |
| Methods | Crypto, or bank transfer via Rise |
| Commissions | cTrader $4/lot round turn; DXtrade $7/lot. Indices, energies and crypto commission-free |
KYC is the other trapdoor. FX2 states that if you fail the KYC process when requesting a withdrawal, “the withdrawal will be rejected, your gains forfeited, and your account closed.” Complete your verification early, not at the moment you want paying.
Trading Rules
- News trading: trades opened within three minutes either side of a high-impact release are a soft breach — “any profits made during the news event will be removed and any losses will be the responsibility of the trader.” The terms go further and allow the account to be breached outright, with FX2 holding “sole and absolute discretion in determining what constitutes a News Event.”
- Expert Advisors: permitted on cTrader, but not supported on DXtrade. Copy-trading EAs are prohibited.
- Copy trading: only across accounts you own yourself.
- Weekend and overnight holding: permitted on CFD accounts. Not on futures, where positions auto-liquidate at session close.
- Hedging: allowed within a single account; prohibited across accounts.
- Prohibited: HFT, latency and arbitrage trading, one-sided betting, exploiting platform freezes or pricing errors, account sharing, and any off-the-shelf strategy marketed to pass challenges.
- Consistency rule: none on CFD. None on futures either.
- Risk controls: the terms let FX2 modify leverage, margin, position limits and even drawdown parameters on any account at any time, at its sole discretion.
- Restricted countries: the USA and Canada, plus around eighteen others.
Company Information
- Named entity: FX2 Funding, LTD, Saint Lucia (registry 2025-00108). The About page still describes the firm as a “United States entity” – that claim is contradicted by the company’s own sitewide footer
- Who you contract with: Prop Account LTD – a UK company (Companies House no. 10449848), formerly named Forest Park FX Limited until 30 July 2025. Fees are paid to it and the Trader Agreement is signed with it
- Card descriptor: dashboardanalytix.com
- Regulation: none. FX2 states it is not a broker; all accounts are simulated
- Counterparty risk: FX2 discloses it “may offset or negate market risk and act as the direct counterparty to certain trades”
- Maximum allocation: unclear. The homepage says $400,000, the FAQ says $300,000 and the terms say $1 million. All three are published simultaneously
- Trustpilot: 4.2 out of 5 from around 455 reviews, on a claimed profile with no consumer alert. Worth noting the score sits alongside unresolved complaints about profit forfeited after a breach – the aggregate alone understates that dispute
On the reports of a county court judgment against the firm. A judgment against FX2 or its UK operating company has been reported by third-party sources. We have not been able to verify it against any official court record, and the only official register of such judgments is a paid search we have not run. We are therefore not repeating the amount, the date or the enforcement status as fact. Readers who want certainty should search the Register of Judgments, Orders and Fines directly. We will update this section if the position becomes verifiable either way.
Who FX2 Funding Actually Suits
The trading conditions are among the more relaxed in the market. No time limit, no minimum trading days, no consistency rule, weekend holding, hedging within an account, four platforms and a static drawdown on two of the three programmes. If your problem with prop firms is that they impose too many rules on how you trade, FX2 imposes fewer than most.
The difficulty is entirely in the payout mechanics and the paperwork. Requesting a withdrawal moves your drawdown floor up to your starting balance, which punishes exactly the behaviour a newly funded trader is most tempted by. The fee never comes back. The terms say a breach forfeits your profit even though the FAQ says otherwise, and the firm enforces the terms. The corporate picture takes real effort to untangle, and the About page is still telling readers something that the firm’s own footer contradicts.
Consider it if you want maximum freedom in how you trade, you are taking the 2-Step or the 1-Step Pro for their static drawdown, and you have the discipline to build a 5-6% buffer before touching a payout.
Avoid it if you plan to withdraw as soon as you are in profit, you concentrate risk around news events, or you want to know with certainty which company holds your money and under which country’s law.
Frequently Asked Questions
Does FX2 Funding refund the challenge fee?
No. The binding terms state: “There are no refunds on any Services purchased from the Company.” There is no rebate on a first payout and no refund on failure.
Why does requesting a payout hurt my account?
Because your maximum drawdown resets to your initial starting balance once you request a withdrawal. FX2’s own example: a $100,000 account up $3,000 that withdraws $2,000 ends up with a $101,000 balance and a $100,000 floor – about $1,000 of usable room. Build a 5-6% cushion before your first payout.
Is FX2 Funding a US firm?
No. The company’s own footer names FX2 Funding, LTD of Saint Lucia, and the assessments are provided by Prop Account LTD, a UK company. The “United States entity” line on the About page is contradicted by FX2’s own legal footer – and FX2 does not accept US or Canadian residents as customers.
What is FX2 Funding’s profit split?
The base is 80% on the 2-Step and 75% on the 1-Step and 1-Step Pro – though FX2’s own FAQ says 80% across the board, contradicting its product data. The 95% split is a paid add-on costing an extra 25% of the fee at checkout.
Does FX2 Funding accept US clients?
No. Despite the About page describing FX2 as a “United States entity”, the firm’s own sitewide footer states its services are not offered to residents or citizens of the USA or Canada.
Does FX2 Funding have a consistency rule?
No. There is no consistency rule on any CFD programme, and none on futures either. There is also no time limit and no minimum trading days – the trading conditions are among the most permissive in the market. The constraints here are in the payout mechanics, not the trading rules.
Can you hold trades over the weekend at FX2 Funding?
On CFD accounts, yes – overnight and weekend holding are both permitted. On the futures product, no: positions auto-liquidate at session close and cannot be carried over a weekend.
Are Expert Advisors allowed at FX2 Funding?
On cTrader, yes – but not on DXtrade, which does not support them. EAs that facilitate copy trading are prohibited outright, as are HFT, latency and arbitrage bots. Copy trading is permitted only across accounts you own yourself.
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