FunderPro review
FunderPro is a Malta-registered prop trading firm (FUNDERPRO Ltd, company #C 104558) founded in 2023, offering a One Phase Challenge and a Classic 2-Phase Challenge — plus Pro and Swing variants — on simulated accounts from $5,000 to $200,000 that scale toward $5 million. Its rules use a fixed, non-trailing drawdown rather than a trailing one, profit splits of 80% rising to 90% on the Pro tier, and no hard time limit on any evaluation. FunderPro self-reports over $21 million paid to traders and cites roughly 8-hour average payout processing, but it is not a regulated broker, and Trustpilot data shows a meaningful share of one-star reviews tied to account closures during payout review and payout-delay disputes.
FunderPro key facts
- Website: funderpro.com
- Category: Prop trading firm
- Founded: 2023
- Headquarters: Saint Julians, Malta
- Legal entity: FUNDERPRO Ltd (#C 104558)
- Model: One Phase or Classic 2-Phase Challenge
- Account sizes: $5K–$200K (scaling to $5M)
- Profit split: 80% up to 90%
- Payouts: Daily Rewards option, ~8-hour average
- CEO: Gary Mullen
- FYI Score: 74.9/100 (ranked #43 of the 63 prop trading firms we track)
Rules and risk
- Drawdown is fixed and balance-based rather than trailing — the daily and overall limits are set once against the starting balance instead of ratcheting up with account highs.
- FunderPro also lists Pro and Swing variants alongside the core One Phase and Classic tracks: the Pro tier adds a daily-profit consistency cap and unlocks the Daily Rewards payout feature, while Swing uses lower 1:30 leverage in exchange for permitted overnight and weekend holding.
- Prohibited practices include news trading within roughly 2 minutes of high-impact releases, copy trading from other accounts, martingale/grid strategies, high-frequency trading and arbitrage; EA and bot trading is otherwise allowed.
- An Instant program skips the evaluation entirely for accounts up to $100,000, starting from $79 with a $100 first-reward threshold.
Payouts and scaling
- Funded accounts pay an 80% profit split, rising to up to 90% on the Pro/add-on tier.
- A Daily Rewards option lets funded traders request a payout on any day they are up 1% or more, with average processing cited around 8 hours (and no fixed time limit on any evaluation).
- Funded balances can scale toward $5 million through FunderPro's scaling program.
- Company-reported figures at the time of writing: $21M+ paid to traders and $15M+ paid to affiliates — self-reported, not independently audited.
FunderPro evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| One Phase Challenge | 1-step | 14% | 7% | 80% | from $69 · $5K–$200K |
| Classic 2-Phase Challenge | 2-step | 10% | 10% | 80% | from $69 · $5K–$200K |
Markets
Forex, Indices, Metals, Energies, Crypto
Platforms
MetaTrader 5, cTrader, TradeLocker
Who FunderPro is for
Suits a trader who wants a fixed rather than trailing drawdown, no hard time limit, and a choice of established platforms (MT5, cTrader, TradeLocker) on a $5,000-$200,000 account. Given the share of negative reviews around payout-review disputes, it's worth reading the current rulebook closely — especially news-trading and device/IP-sharing restrictions — before relying on the account for income.
Pros
- A fixed, non-trailing drawdown model and no time limit on any evaluation track — more forgiving than trailing-drawdown rivals for traders who front-load risk.
- Multiple evaluation styles (One Phase, Classic 2-Phase, Pro, Swing, Instant) on established platforms — MT5, cTrader and TradeLocker — rather than a single proprietary tool.
- A Daily Rewards payout option on funded/Pro accounts with an average processing time cited around 8 hours.
- A registered Malta entity (FUNDERPRO Ltd, #C 104558) with a public self-reported payout record of $21M+.
Cons
- Not a regulated broker: trading occurs in simulated/fictitious-fund environments, and the firm states no license or regulator information is available.
- Trustpilot sentiment is mixed — roughly 30% of about 1,500 reviews are 1-star, with recurring complaints about accounts flagged or closed during payout review (alleged rule violations or IP-sharing disputes) and payout delays stretching to weeks in contested cases.
- Rule disclosure is thinner for the Pro, Swing and Instant variants than for the core One Phase and Classic 2-Phase tracks, making full cost and rule comparison harder than firms with a single unified rate card.
- The challenge fee is only refunded after a first successful funded payout, and features like the higher profit-split tier and weekend/overnight holding are paid add-ons on top of the headline price.
FunderPro FAQ
Is FunderPro legit?
FunderPro is a real, registered firm (FUNDERPRO Ltd, Malta company #C 104558) founded in 2023, with a self-reported $21M+ paid to traders. It is not a regulated broker — accounts trade in simulated/fictitious funds — and Trustpilot reviews are mixed, with roughly 30% of about 1,500 reviews rated one star, mostly over account closures during payout review and payout-delay disputes.
What evaluation options does FunderPro offer?
Two core tracks: a One Phase Challenge (a 14% profit target with a tighter 4% daily / 7% max drawdown) and a Classic 2-Phase Challenge (10% then 8% targets, 5% daily / 10% max drawdown, 4-day minimum). FunderPro also lists Pro and Swing variants with adjusted consistency rules and leverage, and an Instant program that skips evaluation for accounts up to $100,000 starting from $79.
How does the profit split and payout work?
Funded accounts pay an 80% profit split, rising to up to 90% with the Pro/add-on tier. A Daily Rewards option lets funded traders request a payout on any day they are up 1% or more, with average processing cited around 8 hours, and no strict time limit applies to any evaluation.
Is FunderPro regulated?
No. FunderPro is a prop trading firm, not a regulated broker or investment firm; it states no license or regulator information is available, and challenge and funded accounts trade in a simulated environment rather than live markets.
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