Funded7 review
Funded7 is a prop trading firm launched in February 2025 by co-founders Todor Georgiev and Sakis Kalogirou, both fintech and prop-trading executives with prior roles at Cyprus-based brokers including Exness, Tixee, FxGlobe and Traders Trust. It sells simulated evaluations across five tracks — Two Phase, Two Phase NEO, Pay As You Grow, One Phase and Instant Funding — on accounts from $5,000 to $500,000, traded on MetaTrader 5 and cTrader. Its rules are publicly tabulated and comparatively permissive: unlimited evaluation time, overnight and weekend holding, news trading, and no stated consistency rule. The structural caveats are the ones common to the category: it is not a licensed investment firm, all trading happens on simulated accounts, and its corporate structure spans three offshore jurisdictions. It is also very new, with a short track record and a Trustpilot base still under 100 reviews.
Funded7 key facts
- Website: funded7.com
- Category: Prop trading firm
- Founded: 2025
- Headquarters: Limassol, Cyprus
- Model: Two Phase, One Phase, PAYG or Instant Funding
- Account sizes: $5K–$500K
- Profit split: 50-80% (up to 90% with add-on)
- Payouts: Weekly, 1-day processing
- Platforms: MT5, cTrader
- CEO: Todor Georgiev
- FYI Score: 68.4/100 (ranked #57 of the 63 prop trading firms we track)
Rules and risk
- All five programs share a 3-day minimum, at least 10 closed trades, and an unlimited evaluation time limit — traders aren't forced against a countdown clock.
- Two Phase, Two Phase NEO and PAYG run a 5% daily / 10% static maximum drawdown; One Phase and Instant Funding tighten this to a 4-5% daily / 8% trailing maximum drawdown in exchange for skipping a phase.
- Overnight and weekend holding, and news trading, are permitted across all programs, with raw spreads and no added commission during the challenge phases.
- No stated consistency rule — Funded7 markets itself as free of the daily-profit-cap style 'gotcha' conditions some rivals apply.
Payouts and access
- Base profit splits are 80% on Two Phase, Two Phase NEO and PAYG, and 50% on One Phase and Instant Funding; a paid profit-share add-on and running promotions push the headline split toward the advertised 90% ceiling.
- Payouts run on a 7-day cycle and are processed within one business day via bank transfer or crypto; the standard monthly payout cap is $10,000, doubled to $20,000 on PAYG accounts.
- Two Phase NEO adds a scaling mechanic: each time a trader hits their monthly payout cap, it rises permanently by 1.2x the following month.
- No KYC is required until a trader's first payout request.
Funded7 evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| Two Phase Challenge | 2-step | 8% | 10% | 80% | from $99 · $15K–$500K |
| One Phase Challenge | 1-step | 10% | 8% | 50% | from $199 · $15K–$200K |
| Pay As You Grow (PAYG) | 2-step | 8% | 10% | 80% | Phase 1 from $149.70 (on a $500K account), pay-per-phase · $50K–$500K |
| Instant Funding | — | — | 8% | 50% | from $229 · $5K–$75K |
Markets
Forex, Indices, Commodities, Cryptocurrencies
Platforms
MetaTrader 5, cTrader
Who Funded7 is for
Funded7 suits a trader who wants flexible rules (no consistency requirement, unlimited time, news and weekend trading allowed) and a choice of evaluation styles, and who is comfortable with a simulated account from a firm with a short operating history. Traders chasing the highest published splits should budget for the paid profit-share add-on rather than assume the base 50-80% split will reach 90%.
Pros
- Rules are unusually transparent — a public comparison table covers all five programs, with no consistency rule and unlimited evaluation time.
- Five distinct entry paths, including a pay-per-phase PAYG option that limits downside if an early phase is failed, on accounts up to $500,000.
- Fast payout cycle (weekly, 1-business-day processing) with no KYC required until the first withdrawal, and no restrictions on overnight, weekend or news trading.
- Early reputation is strong — a Trustpilot rating above 4.7/5 — though from a still-small review base.
Cons
- Not a licensed or regulated investment firm; Funded7's own terms state it does not accept client funds and all trading occurs in a simulated environment.
- Very new — operating since February 2025 — with a short track record and a Trustpilot base still under 100 reviews.
- Base profit splits (50% on One Phase and Instant Funding) are modest for the category; reaching the advertised 'up to 90%' depends on a paid add-on and running promotions, not the standing terms.
- Corporate structure is split across three offshore jurisdictions (Cyprus, Seychelles, Saint Lucia), and the standard $10,000 monthly payout cap may limit traders on larger funded accounts.
Funded7 FAQ
Is Funded7 legit?
Funded7 is a real, operating prop firm launched in February 2025 by co-founders Todor Georgiev and Sakis Kalogirou, with a Trustpilot rating above 4.7/5. It is not a licensed investment firm — its own terms state it does not accept client funds or provide investment advice, and all trading takes place on simulated accounts. Its short operating history means there's limited long-run evidence on how it handles scale or disputes.
Is Funded7 regulated?
No. Funded7's terms and conditions state it 'is not licensed to offer investment services and does not engage in such activities.' Its operating entities are registered in Cyprus (Ichiban Tech Ltd), Seychelles (Successio Ltd) and Saint Lucia (Funded7 Ltd), and trading occurs in a simulated environment governed by Cypriot law rather than overseen by a financial regulator.
What challenge types does Funded7 offer?
Five programs: a traditional Two Phase (8% then 6% targets), Two Phase NEO (the same rules plus a monthly payout cap that scales 1.2x each time it's hit), Pay As You Grow (pay for each phase only after passing the previous one), a One Phase challenge (10% single target), and Instant Funding (no evaluation, funded immediately). Account sizes range from $5,000 to $500,000 across MetaTrader 5 and cTrader.
How does the profit split and payout work?
Base splits are 80% on Two Phase, Two Phase NEO and PAYG, and 50% on One Phase and Instant Funding; a paid profit-share add-on and ongoing promotions can push this toward the advertised 90% ceiling. Payouts run on a 7-day cycle, are processed within one business day via bank transfer or crypto, and standard accounts carry a $10,000 monthly payout cap ($20,000 on PAYG).
Compare Funded7 with other prop trading firms
See all prop trading firms ranked by FYI →
Home · CFD Brokers · Brokers · Crypto · Prop firms · Prediction markets · Media · Influencers · Solutions