Falcon Funded - Prop Firm Review
- CFD/forex prop firm trading simulated capital on MT5 and TradeLocker — unregulated, with entities in St. Lucia, Dubai and Georgia
- 85/15 base split; the advertised 90% is a paid add-on at checkout
- Low targets (7.5% then 6%) against a wide 11% static drawdown that never trails up — and unlimited time
- All Expert Advisors are banned outright — regardless of any add-ons purchased. 5-minute minimum hold on every trade
- No monthly fee, and your challenge fee is refunded after three payouts. News and weekend holding are paid add-ons
Falcon Funded: the short version
- What it is: a CFD/forex prop firm trading simulated forex, metals, indices and crypto on MetaTrader 5 and TradeLocker. Three lines: Knockout (1-step), Regular (2-step) and Swing (2-step). $5k–$200k.
- The split: 85/15 base on every plan. The advertised “up to 90%” is a paid add-on at checkout, not something you earn.
- The drawdown: static, based on your initial balance and it never trails up — 11% overall on Regular and Swing (10% funded), 6% on Knockout. Daily loss is 4% (3% on Knockout), and it ratchets upward as you profit.
- The catch: all Expert Advisors and automated trading are banned outright — “under any circumstances… regardless of any add-ons purchased.” There is also a 5-minute minimum hold on every trade.
- Cost: $70–$939 one-off (a permanent 20% code runs), plus a refundable activation fee on the funded account. No monthly fee. Your challenge fee is refunded after three payouts.
- Best for: discretionary, manual traders who want low targets, a wide static drawdown and unlimited time — and who do not use EAs, since a single one ends the account.
Last reviewed: 15 July 2026. Checked against Falcon Funded’s official rules pages, FAQ and Terms of Service. 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.
Company and regulation
Falcon Funded’s footer names three entities across three jurisdictions, which is worth setting out plainly. Trading is “executed by Falcon Markets Ltd, incorporated in St. Lucia… registration no 2025-00380, using virtual funds in a simulated environment.” The website itself is “owned and operated by Falcon Unity LLC FZ… Meydan, Dubai, UAE,” which is also the contracting provider named in the Terms. A third address in Tbilisi, Georgia is listed as the physical office, and the support phone number is Georgian.
It is not regulated and claims no licence anywhere. The Terms are explicit: “None of the services provided… can be considered investment services… neither the services nor the recommendations constitute investment advice.”
The accounts are simulated throughout, including the account Falcon calls “Live” — the footer says so on every page, and the rules pages refer to “demo servers.” Purchases are explicitly not deposits.
The products, targets and pricing
| Line | Steps | Targets | Daily loss | Overall DD | Price ($10k → $200k) |
|---|---|---|---|---|---|
| Knockout | 1 | 10% | 3% | 6% | $99 → $939 |
| Regular | 2 | 7.5% then 6% | 4% | 11% (10% funded) | $94 → $894 |
| Swing | 2 | 7.5% then 6% | 4% | 11% (10% funded) | $94 → $894 |
Regular adds a $5,000 tier at $70. A permanent-style code (FALCON, 20% off your first challenge) runs on the site. The challenge period is unlimited on every plan — no time pressure.
The evaluation maths here is genuinely trader-friendly, and it should be said: 7.5% and 6% targets against an 11% overall drawdown is one of the more generous ratios on the market. Falcon markets the 11% as “the most allowed in the market,” and while we cannot verify that superlative, it is certainly at the wide end.
How the drawdown works
Two separate limits, and the important one is refreshingly simple.
The overall drawdown is static: “it stays fixed throughout… the overall drawdown is static — it’s always based on your starting balance.” It does not trail up behind your profits, which removes the mechanic that quietly ends most accounts at firms using a trailing model. That is a real advantage.
The daily drawdown is calculated on your start-of-day balance and resets at 00:00 GMT+3 — and it ratchets upward as you profit. Falcon’s own example: on a $200,000 account the 4% limit is $8,000; end the day at $210,000 and the next day’s limit becomes $8,400. It works in your favour as you grow.
One caveat worth flagging. The Terms of Service set the overall limit at 10% and the daily loss at 6% — figures that contradict the 11% and 4% published on the rules pages and plan tables. The Terms text appears to be stale, but it is the binding document, so if either number is load-bearing for your strategy, get it confirmed before you buy.
The rule that defines Falcon: no Expert Advisors, at all
Most CFD prop firms permit EAs, or sell you an add-on that allows them. Falcon does the opposite, and it is the single most consequential rule on the site:
“[Automated trading is banned] under any circumstances… regardless of any add-ons purchased.”
Read that carefully, because the structure is unusual. Falcon does sell add-ons that unlock otherwise-prohibited behaviour — a News Trading add-on and a Weekend add-on, without which trading around high-impact news or holding over a weekend is a breach. But no amount of money buys you an EA. It is a hard line, applied to every plan, and using one means termination rather than a warning.
Alongside it sits a 5-minute minimum hold on every trade — anything faster is treated as “Quick Strike” trading and breaches the account. Add a mandatory stop-loss on funded accounts, a Risk-to-Reward and Loss Efficiency rule (payouts can be denied if your average loss materially exceeds your average gain), and hyperactivity limits that flag accounts above 200 trades a day, and a clear picture emerges: Falcon is built for deliberate, manual, discretionary trading and is actively hostile to everything else.
That is a legitimate design choice rather than a trap — but it is decisive. If you run an EA, a scalping strategy, or anything algorithmic, this firm is simply not for you, and no add-on changes that.
Payouts
- First payout: 14 days after becoming funded.
- Cycle: withdrawals are processed only on the 14th and 28th of each month, biweekly thereafter — not on demand.
- Minimum: 1% of your initial balance, including the split.
- Method: through a Riseworks account in your dashboard. Note one oddity — crypto payouts are available only to traders in Venezuela.
- Consistency (funded only): your best day must be no more than 45% of total profits, and only for the first three months of the funded account. Breaching it does not terminate you — you simply keep trading to dilute the percentage. That is notably lenient.
- Fee refund: your challenge fee comes back after three payouts, or you can swap the refund for a free new account of the same size.
Trading rules and fees
- Minimum days: Regular and Swing 4 per phase (and 4 funded); Knockout 5 in phase one, 3 funded.
- News: allowed only with the paid News add-on, which is Regular-only. Without it, stay clear 10 minutes either side of major news. Trading news on a Knockout account fails it at review.
- Overnight and weekend: only with the Weekend add-on (standard on Swing). Otherwise everything closes before Friday’s close — and a breach counts even if the trade was profitable.
- Leverage: 1:100 on Regular during the phases, dropping to 1:30 funded; Swing and Knockout 1:30 throughout.
- Prohibited: HFT, latency and arbitrage plays, cross-account hedging, tick scalping, grid trading, position stacking, account rolling and gambling-style sizing.
- Fees: a one-off challenge fee, plus a refundable activation fee to start the funded account. There is no recurring monthly fee — a genuine advantage over subscription-model competitors.
Verdict
Falcon Funded’s evaluation is one of the friendlier ones on paper, and the numbers back that up. Low targets (7.5% and 6%) against a wide 11% static drawdown, unlimited time, a daily limit that grows with your profits, a lenient 45% consistency rule that applies only for three months and cannot fail you, no monthly fee, and a challenge fee that comes back after three payouts. For a patient, discretionary trader, that is a well-judged package.
The trade-offs are equally clear. The 85% base is not the advertised 90% — that is a paid add-on. News and weekend holding are both paywalled on the standard lines. Payouts run on fixed 14th-and-28th windows rather than on demand. The corporate picture is spread across three jurisdictions with no regulator anywhere, and the Terms contradict the rules pages on both the daily and overall drawdown figures. And the blanket EA ban disqualifies a whole category of trader outright.
If you trade manually, by hand, with stops, and can live with paying for news and weekend access, the underlying maths is among the better offers we have reviewed. If you automate anything at all, look elsewhere — no add-on will help you here.
Frequently Asked Questions
Is Falcon Funded regulated?
No. It claims no regulator or licence anywhere, and its Terms state that none of its services can be considered investment services. Note also that its footer names three entities across three jurisdictions: Falcon Markets Ltd in St. Lucia executes the trading, Falcon Unity LLC FZ in Dubai owns and operates the website, and a physical office is listed in Tbilisi, Georgia.
What is the Falcon Funded profit split?
The base split is 85/15 in your favour on every plan. The advertised “up to 90%” is achieved through a paid increased-profit-share add-on bought at checkout, not through performance or scaling. So 85% is what you get by default.
Does Falcon Funded allow Expert Advisors?
No, and this is its defining rule. All automated trading is banned “under any circumstances… regardless of any add-ons purchased.” Unlike news trading and weekend holding, which can be unlocked with paid add-ons, there is no way to buy EA permission. Using one results in termination.
How does the Falcon Funded drawdown work?
The overall drawdown is static, always based on your starting balance, and never trails upward — 11% on Regular and Swing in the challenge phases (10% once funded) and 6% on Knockout. The daily limit is 4% (3% on Knockout), calculated on your start-of-day balance and reset at 00:00 GMT+3, and it ratchets upward as your account grows. Note that the Terms of Service quote 10% and 6% respectively, contradicting the rules pages.
Is there a minimum hold time at Falcon Funded?
Yes. Every trade must be held for at least five minutes. Anything faster is treated as “Quick Strike” trading and breaches the account. Combined with the EA ban and a mandatory stop-loss on funded accounts, the rule set is built for deliberate manual trading.
How do Falcon Funded payouts work?
Your first payout is available 14 days after becoming funded, and withdrawals are processed only on the 14th and 28th of each month rather than on demand. The minimum is 1% of your initial balance including the split, and payouts run through a Riseworks account. Crypto payouts are available only to traders in Venezuela.
Does Falcon Funded refund the challenge fee?
Yes. Your challenge fee is refunded after three payouts, or you can exchange the refund for a free new account of the same size. There is also no recurring monthly fee on funded accounts — only the one-off challenge fee and a refundable activation fee.
Are Falcon Funded accounts simulated?
Yes, including the account it calls “Live”. The footer on every page states that trading is executed using virtual funds in a simulated environment and does not involve real financial risk or real financial instruments, and the rules pages refer to demo servers. Purchases are explicitly not deposits.
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