Funded Unicorn – Firm Review
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- Expert coaching from seasoned professionals
- Swift account setup within hours
- Zero daily drawdown restrictions
- Generous profit sharing compensation model
- Customizable markets and trading sessions
Company Overview
Funded Unicorn is an innovative proprietary trading firm that provides capital to skilled traders through structured evaluation programs. Founded with the mission to empower traders worldwide, Funded Unicorn offers funding opportunities ranging from $25,000 to $400,000 through their comprehensive challenge programs. What sets Funded Unicorn apart is their trader-centric approach, combining competitive profit splits up to 90%, rapid payout processing, and a transparent evaluation structure. Their platform supports multiple trading instruments across forex, indices, commodities, and cryptocurrencies, making it suitable for various trading styles. With a focus on both beginner and professional traders, Funded Unicorn delivers educational resources alongside their funding programs, creating an ecosystem where skilled traders can scale their careers without risking personal capital.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $25,000 account, scaling up based on account size
- Professional Challenge – Premium option with faster evaluation, starting from $199 for $25,000 account
- Reset Fee – $25-$50 depending on account size to restart after violation
- Discounts – Regular promotions and discounts available for new traders
Account Types
- Standard Challenge: Two-phase evaluation with moderate profit targets and trading rules
- Professional Challenge: Accelerated two-phase evaluation with slightly higher profit targets but faster funding potential
- Funded Account: Live trading account with real capital after successfully passing both challenge phases
- Scaling Account: Opportunity to increase account size after consistent profitability
Profit Split Options
- Standard Split: 80% for traders, 20% for Funded Unicorn on initial funded accounts
- Advanced Split: 85% for traders after consistent performance metrics
- Elite Split: Up to 90% for traders who demonstrate exceptional trading skills
- Scaling Benefits: Increased profit percentages available as account size grows
Account Sizes
- $25,000: Entry-level account for new traders with affordable challenge fee
- $50,000: Mid-tier account balancing risk and opportunity
- $100,000: Advanced account for experienced traders
- $200,000: Professional account with significant earning potential
- $400,000: Elite account for top-performing traders
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with comprehensive charting tools and indicators
- MetaTrader 5 (MT5): Advanced platform with enhanced features and multi-asset trading capabilities
- TradingView Integration: For chart analysis and strategy development
- Mobile Apps: Trading on-the-go with iOS and Android compatibility
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P 500, NASDAQ, and international markets
- Commodities: Energy, metals, and agricultural futures markets
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $400,000 for qualified traders with scaling opportunities
- Scaling: Increase account size by up to 25% after every profitable month
- Trading Competitions: Monthly contests with additional cash prizes and benefits
- Free Trial: 7-day demo account to test the platform before purchasing a challenge
- Profit Targets: Progressive targets between 5-10% depending on challenge type and phase
- Drawdown Structure:
- Daily: 5% maximum loss allowed in a single trading day
- Maximum: 10% total drawdown from starting balance
- Trailing: Not applicable – fixed drawdown thresholds used
Trading Rules and Requirements
- Minimum 5 trading days required in both challenge phases
- Maximum lot size of 10 standard lots per trade
- No overnight positions allowed during major economic news events
- No excessive risk trading (martingale strategies prohibited)
- No arbitrage or exploitation of pricing discrepancies
- No use of EAs or automated trading systems without prior approval
- No hedging within the same asset class on the same account
- Trade only during designated market hours
Company Information
- Founded in 2021 with headquarters in London, UK
- Operates globally with traders from over 100 countries
- Dedicated support team available 24/5 via live chat, email, and phone
- Registered business with appropriate financial licenses
- Active community with over 10,000 funded traders
- Regular educational webinars and market analysis for members
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1 business day)
- Neteller (1 business day)
- Bitcoin and other cryptocurrencies (Same day processing)
- Wise/TransferWise (1-2 business days)
Trading Commissions
- Forex pairs: $7 per standard lot (round turn)
- Indices: $7-10 per standard lot depending on the index
- Commodities: $7-12 per standard lot depending on the commodity
- Cryptocurrencies: 0.1% of position value
- No hidden fees or additional charges
- Commission structure mirrors real market conditions
IP Rules
- Maximum of 2 IP addresses allowed per account
- VPNs prohibited during trading evaluation phases
- IP changes must be pre-approved by the compliance team
- Geographical restriction changes require 24-hour notice
- Multiple accounts from same IP address must be registered under family/business plan
Unique Features
Trader Support
- Dedicated account manager for funded traders
- Weekly market analysis sessions with professional traders
- Community Discord server for trader networking
- 24/5 technical support via multiple channels
Educational Resources
- Free trading courses for challenge participants
- Strategy development workshops
- Risk management training programs
- Trading psychology webinars
Why Choose Funded Unicorn?
Funded Unicorn stands out in the competitive prop trading industry through its commitment to trader success and transparent business practices. The company offers some of the most competitive profit splits in the industry while maintaining reasonable challenge parameters.
Key advantages include:
- High profit splits up to 90% for successful traders
- No time limits on completing challenges
- Rapid scaling opportunities for consistent performers
- Low one-time challenge fees with no monthly subscriptions
- Comprehensive educational resources and community support
- Fast payout processing with multiple withdrawal options
- Wide range of trading instruments and account sizes
- User-friendly dashboard for tracking performance metrics
Frequently Asked Questions
How long does it take to get funded?
The time to funding depends on your trading performance. Since Funded Unicorn doesn’t impose time limits on challenges, you can complete both phases at your own pace. Typically, successful traders complete the Standard Challenge in 2-4 weeks and the Verification Phase in another 2-3 weeks. Once both phases are completed successfully, account funding happens within 24-48 hours.
Can I hold positions over the weekend?
Yes, Funded Unicorn allows weekend holdings for most instruments. However, during major economic events or high volatility periods, weekend holdings may be restricted for certain assets. It’s recommended to check the trading calendar in your dashboard for any weekend holding restrictions. Cryptocurrency positions can always be held over weekends as these markets operate 24/7.
What happens if I break a rule?
If you violate a trading rule, consequences depend on the severity of the violation. Minor infractions typically result in a warning, while serious violations like exceeding maximum drawdown limits will automatically fail your challenge. For most violations, you can restart the challenge by paying a reset fee (ranging from $25-$50 depending on account size). Repeated violations may result in account suspension.
Can I trade news events?
Yes, trading during news events is permitted, but with some limitations. Funded Unicorn recommends caution during high-impact news releases due to potential slippage and volatility. For major economic announcements, the maximum lot size may be temporarily reduced to manage risk. The platform provides a real-time economic calendar that highlights periods when additional trading restrictions may apply.
How often can I withdraw profits?
Funded traders can request profit withdrawals once per month. The minimum withdrawal amount is $100, and there is no maximum limit. Withdrawal requests are processed within 24-48 hours, with funds typically arriving within 1-5 business days depending on your chosen payment method. There are no withdrawal fees charged by Funded Unicorn, though your payment provider might apply their own transaction fees.
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