Forex Prop Firm – Firm Review
- Capital access for talented traders
- Quick evaluations with realistic parameters
- Speedy payouts for successful participants
- Exceptional support whenever needed
- Transparent structure with minimal restrictions
Company Overview
Forex Prop Firm is a leading proprietary trading company that provides traders with funded accounts to trade financial markets without risking their own capital. Established to support both novice and experienced traders, the firm offers various challenge programs designed to identify disciplined trading talent. Their two-phase evaluation process tests traders’ skills, risk management, and consistency before providing access to funded accounts with significant capital.
What sets Forex Prop Firm apart is their transparent challenge structure, attractive profit-sharing model, and responsive support team. Their platform accommodates different trading styles with customizable account sizes ranging from $10,000 to $200,000. With a focus on creating sustainable trading careers, they offer educational resources, competitive scaling plans, and regular payouts, making them an excellent choice for serious traders looking to scale their trading business.
Key Features at a Glance
Challenge Fees
- $99 for $10,000 account – Most affordable entry point for beginners
- $199 for $25,000 account – Popular mid-tier option with balanced risk-reward
- $299 for $50,000 account – Preferred by intermediate traders seeking higher capital
- $399 for $100,000 account – Advanced option for experienced traders
- $599 for $200,000 account – Premium tier for professional traders with proven strategies
Account Types
- Standard Challenge: Traditional two-phase evaluation with 8% profit target in each phase and 5% daily/10% total drawdown limits
- Professional Challenge: Accelerated evaluation for experienced traders with 10% profit target and 8% daily/12% total drawdown limits
- Funded Account: Live trading account with real capital after successful challenge completion
- Scaling Account: Progressive account growth opportunities for consistent performers
Profit Split Options
- 80/20 Split: Standard profit-sharing arrangement with 80% going to traders and 20% to the firm
- 90/10 Split: Premium profit-sharing option available after consistent performance milestones
- Scaling Splits: Increasing profit percentages based on long-term performance and account growth
Account Sizes
- $10,000: Entry-level account with lower challenge fee, ideal for beginners
- $25,000: Popular balance for traders with some experience
- $50,000: Mid-tier account suitable for consistent traders
- $100,000: Professional-level account for experienced traders
- $200,000: Premium account for high-performing traders with established strategies
Trading Platforms
- MetaTrader 4: Industry-standard platform with extensive charting tools and indicators
- MetaTrader 5: Advanced next-generation platform with enhanced features and timeframes
- cTrader: Modern platform offering advanced order types and depth of market visibility
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, precious metals, and agricultural products
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other leading altcoins
- Stocks: Selected CFDs on popular US and international equities
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 8% | 8% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 for traders who consistently demonstrate exceptional performance and risk management
- Scaling: 25% account growth after every 10% profit in funded accounts with consistent performance
- Trading Competitions: Monthly performance-based contests with additional cash prizes and account upgrades
- Free Trial: 7-day demo challenge available for new users to test the platform and trading conditions
- Profit Targets: Customized targets based on account size and challenge type (8-10% for most accounts)
- Drawdown Structure:
- Daily: 5-8% maximum loss from starting balance in a single trading day
- Maximum: 10-12% total loss from initial account balance
- Trailing: Implementation of trailing drawdown after achieving 5% profits in funded accounts
Trading Rules and Requirements
- No overnight positions during high-impact news events
- Maximum lot size limited to 10 standard lots per $100,000 of account capital
- No hedging of positions using the same instrument
- Weekend holding permitted but with reduced leverage
- Minimum 10 trading days required during each phase
- No copying trades from other accounts or using copy trading services
- Minimum holding time of 2 minutes for all trades
- Profit targets must be achieved without violating risk parameters
Company Information
- Established in 2018 with headquarters in London, UK
- Regulated by financial authorities with client fund segregation
- 24/5 customer support via live chat, email, and phone
- Educational resources including webinars, trading guides, and strategy tutorials
- Community of over 15,000 active traders across 120+ countries
- Multiple language support for international traders
Payout Methods
- Bank Wire Transfer (2-5 business days)
- PayPal (24-48 hours)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Bitcoin/Cryptocurrency (1-24 hours)
- Wise Transfer (1-3 business days)
Trading Commissions
- Forex: $5 per standard lot round turn commission
- Indices: Variable commission structure based on index volatility
- Commodities: $6 per standard lot round turn commission
- Cryptocurrencies: 0.03% of trade volume per side
- Stocks: $0.01 per share with $1 minimum per trade
IP Rules
- Only one account per household/IP address allowed
- VPN usage not permitted during evaluation or funded trading
- Location verification required before initial payout
- Multiple devices permitted but must be registered with support team
- Travel notifications required when trading from locations different from registration address
Video Review
Forex Prop Firm Review
Comprehensive review of Forex Prop Firm trading services
Unique Features
Advanced Trading Tools
- Proprietary dashboard with real-time performance analytics
- Advanced journaling system to track and analyze trading performance
- Integration with TradingView for enhanced charting capabilities
- Custom risk management calculators and position sizing tools
Trader Support System
- One-on-one coaching sessions with professional traders
- Weekly market analysis and trade idea webinars
- Private Discord community for funded traders
- Trade psychology workshops for mental performance optimization
Why Choose Forex Prop Firm?
Forex Prop Firm stands out in the crowded prop trading space by offering traders a transparent, supportive, and growth-oriented environment. Their challenge structure is designed to identify skilled traders while simultaneously teaching proper risk management and discipline.
Key advantages include:
- Generous profit splits starting at 80% for traders
- Rapid scaling program that allows account size to grow with performance
- Bi-weekly payouts with multiple withdrawal options
- No restrictions on trading styles (day trading, swing trading, scalping all permitted)
- Low challenge fees compared to industry standards
- Transparent rules with no hidden conditions or restrictions
- Supportive community and educational resources for continuous improvement
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. On average, successful traders complete the Standard Challenge within 2-4 weeks and the Verification Phase within another 2-6 weeks. The fastest possible path to funding is about 30 days, assuming you hit the profit targets while maintaining proper risk management. The Professional Challenge can be completed more quickly by experienced traders.
Can I hold positions over the weekend?
Yes, Forex Prop Firm allows weekend position holding for most instruments. However, during high-impact economic events or major market announcements, you may be required to close positions before market close on Friday. Weekend holding is subject to reduced leverage on certain volatile instruments to manage risk. Always check the trading calendar within your dashboard for any special weekend requirements.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations typically result in a warning, while serious violations like exceeding maximum drawdown limits will result in account termination. If you accidentally breach a trading rule, contact support immediately. In some cases, they may allow you to reset your challenge for a reduced fee. The firm emphasizes education over strict penalization for first-time minor violations.
Can I trade news events?
Yes, trading during news events is permitted with certain restrictions. Extremely volatile events like NFP (Non-Farm Payrolls) may have special rules such as reduced leverage or position size limitations. The platform provides a real-time economic calendar that highlights high-impact events with specific trading guidelines. Always check these guidelines before trading major announcements to ensure compliance with the rules.
How often can I withdraw profits?
Funded traders can withdraw profits on a bi-weekly basis. The payment cycle runs on the 15th and last day of each month, with payments processed within 2-3 business days after confirmation. There is no minimum withdrawal amount, but traders must have generated at least 2% profit since their last withdrawal to be eligible. Consistently profitable traders with a long-term track record may qualify for weekly payouts through the VIP program.
