Sway Funded - Elite Prop Firm Review
- CFD prop firm trading simulated capital; unregulated
- Three challenge models: Rapid (1-step), Regular (2-step) and Instant
- The DAILY drawdown trails you intraday – you can breach on a day you were never down
- Higher splits are bought rather than earned
- Most traders assume a daily limit is fixed from the open; here it follows you upward
Last reviewed: 12 July 2026. Checked against Sway Funded’s official terms, help centre and pricing pages.
Sway Funded: the short version
- What it is: a CFD prop firm trading simulated capital. Unregulated.
- The split: see the programmes section; the higher tiers are bought rather than earned.
- The drawdown: the DAILY drawdown trails you intraday — the rule that makes Sway unusual, and it means you can breach on a day you were never actually down.
- The catch: that trailing daily limit. Most traders assume a daily limit is measured from the day’s open; here it follows you upward.
- Cost: one-time fee.
- Best for: traders who understand that the daily drawdown ratchets up with intraday profit and size accordingly.
Firm Overview
Sway Funded is operated by SF Funded LTD, incorporated in Saint Lucia (registration 2026-00408). Both your fees and your payouts are handled by a separate Cyprus company, Corvexia Holding LTD (HE 489845), described as “an independent payment agent.”
A third name, “Sway Funded LTD”, appears throughout the help centre, while the Terms define the company as “SF FUNDED LTD (trading as Sway Funded)”. Three corporate names, two jurisdictions. Governing law is Saint Lucia. The firm is unregulated and makes no claim otherwise.
One clarification, because it comes up: the FCA warning against “Sway Capital Trade” concerns a different firm. We found no regulator warning against Sway Funded, and we will not imply one exists.
Sway is restricted in Australia, Japan, Malta, New Zealand, the UAE, Pakistan, Vietnam — and Saint Lucia, the country in which it is registered.
The Rule That Makes Sway Unusual: Your Daily Drawdown Trails You
Every prop firm has a daily loss limit. At almost all of them it is a fixed line drawn at the start of the day, and it stays there. At Sway Funded, it moves.
Sway’s own wording: “Whenever a new high-water mark is recorded, the maximum daily loss level ‘trails’ upward… in real time.”
Work through what that means. You start the day at 100,000 USD with a 5% daily limit — a floor at 95,000. You trade well and your equity touches 103,000. Your daily floor has now moved up to 98,000. The market turns, you give back the gains, and you are stopped out at 98,000 — while still up 3,000 USD on where you started the day.
You can breach a daily loss limit on a day you never lost money. That is the most important thing to understand about this firm, and it is not on the pricing page.
The overall drawdown trails as well. Both of them, by default, on every programme.
You can buy your way out of it
Sway sells a “Fixed Drawdown” add-on which converts both limits to static. If you trade Sway at all, buy it. It turns a structurally hostile product into a normal one. But be clear about what is happening: you are paying extra for the drawdown model every other firm gives you as standard.
The Programmes
| Rule | Regular (2-phase) | Rapid (1-phase) | Instant |
|---|---|---|---|
| Profit target | 10% then 8% | 15% | 8 / 12 / 16% step targets |
| Daily loss | 5% (10% with add-on) | 5% (10%) | 3% |
| Max loss | 10% (20%) | 10% (20%) | 8% |
| Drawdown type | BOTH TRAIL by default — static requires the paid Fixed Drawdown add-on | ||
| Minimum trading days | 12 total | 8 | 8 |
| Consistency rule | None | None | 20% |
| Time limit | None — but 6 months of inactivity fails the challenge | ||
| Base split | 80% | 80% | 55–75% only |
No consistency rule on Regular or Rapid is a genuine and unusual advantage, and it deserves to be weighed against the trailing drawdowns.
Instant is the weakest product here. It gets no add-ons at all — so you cannot buy the fixed drawdown and you cannot buy the 90% split — and it pays only 55% to 75% depending on the step target. Rewards are capped at the step target, and the account resets once you request one.
What It Costs
| Account | Regular | Rapid | Instant |
|---|---|---|---|
| 1,000 USD | 10 | 13 | 40 |
| 5,000 USD | 36 | 59 | 199 |
| 10,000 USD | 66 | 99 | 399 |
| 25,000 USD | 156 | 199 | 996 |
| 50,000 USD | 289 | 319 | 1,990 |
| 100,000 USD | 499 | 555 | — |
A 1,000 USD account at 10 USD is one of the cheapest genuine entry points anywhere, and a sensible way to test the platform without meaningful risk.
Resets come via a “Refresh Challenge” add-on (Regular Phase 2 only): 75% of the challenge price bought in advance, 150% bought after you fail. Insurance costs double once the crash has happened.
The Add-On Economics — Work Out Your Real Price
Sway’s headline fees are among the lowest in the industry. But the advertised price buys you a product with a trailing daily drawdown, an 80% split, and a 14-day payout cycle. To get what most competitors include as standard, you are buying:
| Add-on | What it actually does |
|---|---|
| Fixed Drawdown | Converts both trailing drawdowns to static — i.e. makes the risk model normal |
| 90/10 Split | Raises your reward from 80% to 90% |
| Refresh Challenge | A reset — 75% of price bought in advance, 150% bought after you fail |
| Doubled drawdown | Raises daily loss to 10% and max loss to 20% |
Price the stack, not the sticker. A 100,000 USD Regular account at 499 USD is cheap. The same account with the Fixed Drawdown and the 90% split — which is to say, the account most competitors sell you by default — is a different number, and that is the one to compare against FTMO, Funding Pips or The5ers.
None of this is hidden; it is all listed at checkout. But it does mean that every published comparison of Sway’s prices is comparing an unequipped product against fully-equipped rivals.
How Sway Compares
| Sway Funded | Funding Pips | Aqua Funded | FTMO | |
|---|---|---|---|---|
| Daily drawdown | TRAILS (intraday) | Static | Static | Static |
| Max drawdown | Trails by default | Static | Mostly trailing | Static (2-Step) |
| Base split | 80% | 60–100% by cycle | 90% | 80% |
| Max split | 90% — PAID | 100% — free | 100% — PAID | 90% — free |
| Payout methods | Crypto only | Card, crypto, bank, Rise | Crypto, Rise | Bank, card, Skrill, crypto |
| Withdrawal fee | 1.5% | Crypto deductions | 35 USD (Rise) | None |
| Consistency rule | None (Regular/Rapid) | 35% on-demand only | 15–25% | None (2-Step) |
| Trustpilot alert? | No — clean | No | Yes | No |
The honest read: Sway’s rulebook is the harshest in this group on drawdown and the most generous on consistency. Its Trustpilot profile is the cleanest of its direct peers. But it is the only firm here that trails your daily limit, the only one that pays exclusively in crypto, and one of only two that charges you a percentage to be paid at all.
The Fee Refund Contradicts Itself
Sway’s help centre says: “Upon successfully completing the phases… you will receive a refund of your initial registration fee… within 24 hours.”
Sway’s binding Refunds & Cancellation Policy says: “All payments made to SF Funded Ltd are strictly non-refundable… no credits, chargebacks, and/or reimbursements will be issued for any reason.”
And Terms 13.4: “No refunds are provided for any Services purchased from the Company.“
Both are live. The honest reading is that the “refund” is a bonus paid inside a payout, not a contractual refund right — so if you never reach a payout, there is no mechanism to claim it. Do not treat it as a guaranteed rebate.
Payouts: Crypto Only, With a Fee
- Methods: crypto only. BTC, ETH, USDT-ERC20 and USDT-TRC20. There is no bank transfer option at all.
- A 1.5% fee applies to every payout. Sway: “Yes, a fee of 1.5% is applied to all reward payouts.”
- Minimum: 10 USD of net realised profit (25 USD on USDT-TRC20) — genuinely low.
- First reward after 4 trading days (8 on Instant). The counter resets after each payout.
- Processing takes around 24 hours.
The crypto-only restriction is a real constraint. If you cannot or will not hold crypto, you cannot be paid by this firm.
The Homepage Does Not Describe a Real Product
We flag this reluctantly, but it is verifiable and it matters.
Sway’s homepage carries a “Recent Rewards” feed (entries SF-001 to SF-018) presented as live trader payouts. It lists account sizes Sway does not sell — 75,000 USD, 30,000 USD, 18,000 USD, 120,000 USD, 80,000 USD, 60,000 USD, 40,000 USD, 20,000 USD, 15,000 USD.
Sway’s actual sizes are 1K, 2.5K, 5K, 10K, 25K, 50K, 100K, 150K and 200K. Not one figure in that feed corresponds to a product you can buy. It is a hardcoded, static list — placeholder data presented as evidence of payouts.
The testimonial block has the same character: stock-style names and locations (Sarah Johnson, New York; Michael Chen, London; Emma Rodriguez, Sydney) attached to round profit figures.
What this does not prove: that Sway fails to pay. Its Trustpilot profile is 4.1 out of 5 from 629 reviews, with no fabricated-review alert — which is cleaner than Aqua Funded, Goat Funded Trader and Crypto Fund Trader, all of which carry active Trustpilot warnings.
What it does prove: the social proof on Sway’s homepage is not real, and should carry no weight in your decision. Judge this firm on its rulebook, not its front page.
Trading Conditions
- Leverage: forex 1:50 (1:30 on Instant), commodities and indices 1:20, crypto and stocks 1:10.
- Commission: 7 USD per lot on forex — higher than the 5 USD standard across most competitors. Crypto is 0.035–0.04% of notional per side.
- Maximum lot sizes apply on funded accounts: 10 lots on forex, metals and agriculture; 5 lots on indices, stocks, energies and crypto.
- Terms 14.2: “The Company does not guarantee future employment as a trader, future monetary payments, or any other form of compensation.”
Who It Suits — and Who Should Avoid It
It suits you if you want to start very small. A 1,000 USD account at 10 USD, with no consistency rule, is a genuinely cheap way to test yourself. Buy the Fixed Drawdown add-on and the product becomes reasonable. The 10 USD minimum payout and the 4-day first reward are both trader-friendly.
Avoid Sway if you will not buy the Fixed Drawdown add-on. A daily loss limit that ratchets upward intraday can breach you on a day you were never down, and no ordinary strategy accounts for that. Avoid Instant entirely: no add-ons, a 55–75% split, capped rewards, and the account resets when you get paid. And avoid Sway if you cannot receive crypto, because there is no other way to be paid.
Frequently Asked Questions
Does Sway Funded’s daily drawdown really trail?
Yes — and it is the most important fact on this page. The daily loss level rises in real time with every new equity high-water mark, so you can breach it on a day you were never down against your opening balance. The overall drawdown trails too. Both can be made static with the paid Fixed Drawdown add-on.
Is the 90% profit split earned?
No. It is a paid add-on purchased before the challenge. The base split is 80%, and Instant accounts pay only 55–75% with no add-ons available at all.
How do I get paid?
Crypto only — BTC, ETH or USDT. There is no bank transfer option. A 1.5% fee applies to every payout. The minimum is 10 USD.
Is the challenge fee refunded?
The help centre says yes; the binding refund policy says all payments are “strictly non-refundable”. Treat it as a bonus paid inside a payout rather than a refund right.
Are the payouts shown on the homepage real?
The “Recent Rewards” feed lists account sizes Sway does not sell, so no. Sway’s Trustpilot profile, however, is clean — 4.1/5 with no fabricated-review alert.
What happens if I stop trading?
Six months of inactivity fails the challenge.
Is Sway Funded regulated?
No. SF Funded LTD is a Saint Lucia company, unregulated, with payments handled by a separate Cyprus entity. It makes no regulatory claim.
vorbelutr ioperbir –
Thank you for another wonderful post. The place else could anyone get that kind of information in such an ideal method of writing? I’ve a presentation next week, and I am at the look for such information.