FundYourFX Review 🚩🚩

When it comes to proprietary trading, thousands of firms offer funded accounts claiming to be the best and most reliable. However, only a few of these firms are safe and legitimate. Prop firms offer funded accounts and allow traders to access markets without the worry of allocating trading capital. 

FundYourFX is a prop firm that claims to be legit and the best instant funding accounts provider, but we have found several serious red flags while reviewing this firm. 

In our FundYourFX review, we are going to assess the firm’s critical features without bias, including safety, assets, funded accounts, rules, support, and more. 

🏛️Safety & Security of FundYourFX

When assessing the firm’s safety, one of the critical factors is to check trader reviews. This is super important to accurately evaluate the firm’s safety and quality of services. 

FundYourFX reviews are scarce on the FPA. There are around 6 reviews, 5 of which were left by the firm’s representatives with positive evaluations. The administration of the FPA removed all these fake positive reviews, meaning the firm is unreliable and can not be trusted at all. 

On the Trustpilot, FundYourFX has more reviews, where 15% of reviews are 1-star complaining about the firm’s horrible withdrawal experience where the firm does not allow traders to withdraw their profits. Difficulties with profit withdrawals are a known practice of scam and fraud firms and FundYourFX seems to be declining many withdrawals. The firm was launched in 2021 and is based in Indonesia. While the firm has enough experience in the sector, it still severely lacks safety. Submitting fake reviews is a huge red flag and we can not overlook such questionable practices. 

Trading at FundYourFX is backed by a regulated Forex and CFDs broker, Purple Trading. The broker is regulated by CySEC of Cyprus. This is only one criterion in safety that is actually safe about this firm and we do not recommend trading with it. 

📊 Available Assets on FundYourFX

Trading asset diversity plays an important role in Forex trading. Multi asset traders love to speculate on several instruments and the firm must offer access to all these instruments with low spreads. 

FundYourFX offers access to Forex pairs, commodities, indices, and cryptos. From Forex pairs, traders can trade around 40 major and minor currencies. More than 300 different cryptos are available, which is a staggering amount for digital currencies. From commodities gold, silver, and oil are available, and from indices, traders can speculate on popular instruments including US30, FRA40, GER30, UK100, AUS200, EUSTX50, JPN225, SPX500, NDX100, and HK50.

🗂️ FundYourFX Account Types

Diverse funded programs and account types are very crucial in prop trading. Prop firms often try to offer different types of funded challenges to attract traders with diverse trading strategies.

FundYourFX offers three types of funded account challenges, the Starter Plan, the Standard Plan, the Advanced, and the Professional Plan. These accounts have different specs. There are Origin funded and Evolution funded account types where all these accounts are included. 

📌 FundYourFX Origin Funded Starter account has a starting funded balance of 7,000 USD and can be scaled up to 500k USD with a 10% scaling target. News trading is allowed, virtual profit share is up to 90%, and traders have to make at least 10% profits to get eligible for payouts. The daily risk limit carries between 4-5%, and the total drawdown is between 6-10%. 

The FundYourFX Origin Funded Standard account has a 15,000 USD starting funded balance and can be scaled up to 1 million dollars. All other specs are similar to the starter account plans. The professional plan starts with a 30,000 USD balance and can be scaled higher to 1.5 million dollars. 

📌 FundYourFX Evolution Funded starter plan starts from 7,000 USD in funding as well and can be scaled up to 500k USD. The specs are similar to other accounts with a 10% scaling target, a 10% profit target, up to 90% profit-sharing, 4-5% daily risk limits, and 6-10% total drawdown. The standard account starts from 15k and scales to 1 million, advanced starts from 30k funding and scales up to 1.5 million USD, and the professional accounts start from 80k and scale up to 2 million dollars. 

As we can see, FundYourFX only offers one account type, divided by only funded amounts, and all the rules are exactly the same. All these names are just a marketing trick and traders are not getting something different when choosing different accounts. 

The firm is underwhelming in the funded account diversity as well and can not be considered an attractive alternative to reliable prop firms. 

💸 FundYourFX trading fees

When it comes to fees, FundYourFX is an expensive firm as it charges high one-time fees for all of its funded accounts. The minimum fee starts from 175 USD for the 7k USD account which is an incredibly expensive offering. Almost all other prop firms offer lower fees and coupled with several red flags in their safety, this is not the prop firm you want to sign up at. 

To have a clear understanding of the exact fees, here is a list for each funded account with the corresponding one-time fee:

• FundYourFX Origin Funded starter 7k USD – 175 USD
• FundYourFX Origin Funded standard 15k USD – 262 USD
• FundYourFX Origin Funded professional 30k – 488 USD 
• Evolution Funded starter 7k USD – 175 USD
• Evolution Funded standard 15k – 262 USD
• Evolution Funded advanced 30k – 488 USD
• Evolution Funded professional 80k – 1,104 USD

As we can see, FundYourFX is one of the most expensive firms out there without proper safety and legitimacy. Stay away!

📱 Platforms and Mobile Trading at FundYourFX 

Trading platforms are the bread and butter of proprietary trading and advanced platforms play a crucial role in achieving profitability. Many firms offer advanced platforms allowing traders to fully analyze markets using various technical indicators.

FundYourFX offers access to cTrader’s advanced trading platform through its regulated broker partner, Purple Trading. While not as popular and with a smaller community when compared to MT4 and MT5, cTrader is still a very capable advanced trading platform. It offers both custom indicators and automated trading capabilities through cBots. The firm recently updated its platform offerings. Previously, it was backed by EightCap, which is an ASIC-regulated broker that offered MT4 and MT5 platforms. 

cTrader of FundYourFX is also available for mobile devices for both Android and iOS which enables traders to trade on the go and analyze markets using various built-in indicators and tools. 

📚 Education and research tools offered by FundYourFX 

Education is critical for beginner traders to understand not only financial trading concepts but prop trading characteristics as well. Some reliable prop firms offer educational resources but FundYourFX is not among these firms.

FundYourFX lacks any type of education which is very disadvantageous for the firm. There is only a blog, which the firm advertises as a trading guide. The blog can not be used as a replacement for trading education as it only offers posts and tips about trading. There are no trading courses, webinars, or video guides on the FundYourFX website. 

🤝 Customer Support of FundYourFX

Customer support is probably the 3rd most important feature for prop firms after safety and rules. FundyourFX only offers a live chat which has a help center built-in. Despite this, the firm still lacks proper support as it does not offer email or hotline support options. The website and support are only available in the English language which is also disadvantageous. 

❓ FAQs on the FundYourFX