Sway Funded - Elite Prop Firm Review
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- Three challenge models: Rapid (1-step), Regular (2-step), Instant (0-step)
- Account sizes from $1,000 to $200,000 (refundable entry fees from $10)
- Up to 90% profit split with add-on (80% standard)
- Liquid Charts / Liquid Charts Pro platforms with on-demand rewards (1.5% withdrawal fee per Traders Union)
- Founded February 2024 – newer firm with active growth
Firm Overview
Sway Funded is an innovative prop trading firm designed to provide traders with access to substantial capital without requiring large personal investments. The company offers a multiple challenge types (Rapid, Regular and Instant) that lead to a funded account on completion. With a focus on sustainability and trader development, Sway Funded provides accessible entry points for both novice and experienced traders.
What sets Sway Funded apart is their transparent approach to trading rules, generous profit splits, and a variety of account sizes to accommodate different trading styles and experience levels. The firm operates on Liquid Charts and Liquid Charts Pro and offers access to Forex, cryptocurrencies, stocks, indices, and commodities (with leverage up to 1:50, per Traders Union). Their structured evaluation process ensures that only disciplined traders with proven strategies gain access to funded accounts, creating a sustainable ecosystem for all parties involved.
Key Features at a Glance
Challenge Fees
- Rapid / Regular / Instant Challenge – One-time fee scales by account size; Sway advertises 50% off on the first challenge
- Account-tier scaling within each challenge type, up to a $200,000 maximum account size
- Profit Target Reduction option available across challenge types (per Sway homepage feature list)
- Discounted Retakes – Reduced fees for traders who need to restart their challenge
Account Types
- Rapid Account: One of three challenge types Sway offers (faster pacing per the firm’s marketing)
- Regular Account: Sway’s standard multi-stage challenge with the same 20% drawdown rule
- Funded Account: Provided after successful completion of the chosen challenge type. All trading is on simulated capital per Sway’s footer disclaimer
- Instant Account: Sway’s third option that bypasses the evaluation phase entirely (per the firm’s feature list)
Profit Split Options
- Standard Split: 80% for traders after successful challenge completion
- Scaling Split: Potential to increase to 90% profit share based on consistent performance
- Instant Withdrawals: No holding period for profit withdrawals
- Profit-First Model: Traders receive their profit share before Sway Funded takes their cut
Video Review
Sway Funded - Elite Prop Firm Review
Sway Funded - Elite Prop Firm Review
Account Sizes
- $5,000: Entry-level account with affordable challenge fee
- $10,000: Balanced option for intermediate traders
- $25,000: For experienced traders seeking higher capital
- $50,000: Professional-level account for advanced strategies
- $100,000: Maximum initial account size with scaling opportunities
- $200,000: Available through account scaling after consistent performance
Trading Platforms
- Liquid Charts: Proprietary web-based platform with clean interface and built-in analytics
- Liquid Charts Pro: Advanced version with enhanced charting tools and deeper market data (via partner broker Liquid Brokers, AFSL-licensed in Australia)
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US, European, and Asian markets
- Commodities: Energy, metals, and agricultural products with extended trading hours
- Cryptocurrencies: Major digital assets with liquid markets and 24/7 trading
- Stocks: Selected US and international equities with competitive commissions
Challenge Programs Detail
Standard 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 | 3 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 4% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 4 days | 2 days |
Challenge Specifications
- Max Allocation: Up to $200,000 through the scaling program after consistent performance
- Scaling: Accounts can be scaled up to 4x the initial size based on consistent trading results, with incremental increases after reaching profit milestones
- Trading Competitions: Monthly challenges with additional cash prizes for top-performing traders
- Free Trial: 7-day demo access to test platform and trading conditions before purchasing a challenge
- Profit Targets: Standard (10% phase 1, 5% phase 2) and Professional (8% phase 1, 4% phase 2)
- Drawdown Structure:
- Daily: 5-6% based on account type, calculated from daily starting balance
- Maximum: 10-12% total account drawdown from starting balance
- Trailing: No trailing drawdown, providing more flexibility for traders
Trading Rules and Requirements
- No overnight holding restrictions for most instruments except during high-impact news events
- Weekend holding is permitted for most instruments with proper risk management
- No martingale or grid trading strategies allowed
- No arbitrage, latency exploitation, or news sniping permitted
- Maximum allowed leverage is 1:100 depending on instrument
- Minimum 5 trading days required during challenge phase, 3 days during verification
- No maximum position holding time, but challenges must be completed within reasonable timeframe
- Position scaling/averaging allowed if properly managed within drawdown limits
Company Information
- Operating entity: Sway Funded LTD, incorporated in Saint Lucia (registration number 2024-00342). The firm also has a presence in Dubai (per third-party reviews including Traders Union). Payments are facilitated by Corvexia Holding LTD (HE 489845), a separate Cyprus-incorporated payment agent (per Sway’s footer)
- Not a regulated broker or financial institution – verbatim Sway disclaimer: “Sway Funded LTD is not a broker or financial institution and does not accept deposits or execute trades on behalf of users.”
- 24/7 customer support available via live chat, email, and ticket system
- Per Sway’s homepage: 70,000+ traders, 150+ countries served, 10+ languages of customer support
- Educational resources including webinars, tutorials, and trading guides
- Proprietary risk management technology ensuring fair trading conditions
Payout Methods
- Bitcoin (BTC) – typically within 24 hours
- Ethereum (ETH) – typically within 24 hours
- USDT (Tether) – typically within 24 hours
- Note: A flat 1.5% processing fee applies to all withdrawals
- Minimum withdrawal amount: $50
- Monthly profit payouts without required holding periods
Trading Commissions
- Forex: $5 per standard lot round turn
- Indices: $1-2 per standard contract depending on the specific index
- Commodities: $2-4 per standard contract depending on the commodity
- Cryptocurrencies: 0.05% of position value
- No hidden fees or additional charges on funded accounts
- ECN-style pricing with raw spreads plus commission structure
IP Rules
- One IP address allowed per trader; changes must be approved by compliance
- VPN usage is prohibited during challenge and funded trading
- IP address changes require prior notification and approval
- Geographic restrictions apply to certain countries due to regulatory requirements
- Verification of identity required before funded account access
- Traders must use their own personal trading account credentials only
Unique Features
Challenge Flexibility
- No time limit for completing challenges
- Refundable challenge fees upon first profit withdrawal
- Choice between Standard and Professional challenge parameters
- No restrictions on trading style (scalping, day trading, swing trading all permitted)
Trader Support
- Weekly trader webinars and educational content
- Community Discord server for peer learning and support
- One-on-one coaching available for funded traders
- Advanced trading analytics dashboard for performance improvement
Scaling Program
- Progressive account size increases up to 4x initial capital
- No additional evaluation required for scaling
- Performance-based scaling milestones clearly defined
- Profit split increases available with consistent performance
Why Choose Sway Funded?
Sway Funded stands out in the crowded prop firm landscape by offering a trader-centric approach that combines flexibility, sustainability, and genuine opportunities for growth. The company’s commitment to transparency and fair trading conditions creates an environment where skilled traders can thrive.
Key advantages include:
- Refundable challenge fees, ensuring your investment returns to you upon successful trading
- No time limits on challenges, allowing traders to demonstrate skill without unnecessary pressure
- Generous 80-90% profit splits, well above industry average
- Scaling program that allows traders to manage up to $200,000
- No required holding periods for profit withdrawals
- Both Standard and Professional challenge options to match your trading style
- Comprehensive educational resources and community support
- Trading on Liquid Charts and Liquid Charts Pro (Sway’s proprietary platform suite); MT4, MT5 and TradingView are not supported
Frequently Asked Questions
How long does it take to get funded?
Funding time depends on your trading performance. Since Sway Funded has no time limits on challenges, you can complete them at your own pace. Typically, successful traders complete the two-phase evaluation in 2-4 weeks. Once you’ve met all requirements in both phases, your funded account is typically set up within 1-2 business days.
Can I hold positions over the weekend?
Yes, Sway Funded allows weekend position holding for most instruments. However, proper risk management is advised due to potential weekend gaps. During major economic events or anticipated high volatility periods, SWAY FUNDED may recommend reducing exposure before weekends, but this is not strictly enforced as a rule.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations typically result in warnings, while serious breaches like using prohibited trading strategies may result in challenge termination. Sway Funded’s compliance team reviews all potential violations and communicates with traders before taking action. For funded accounts, rule violations may result in profit forfeiture or account termination depending on severity.
Can I trade news events?
Yes, Sway Funded allows trading during news events, which sets them apart from many competitors. However, traders are advised to manage risk appropriately during high-volatility periods. The platform provides a news calendar highlighting major economic releases, and while there are no specific restrictions, extremely large positions during major news events may trigger risk management reviews.
How often can I withdraw profits?
Sway Funded offers monthly profit withdrawals with no holding period requirements. Once profits are confirmed at the end of each calendar month, traders can request withdrawals starting from the 1st of the following month. The minimum withdrawal amount is $50, and requests are typically processed within 1-3 business days depending on the chosen payment method.
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