Funded Academy Review – Best Up & Coming Prop Firm?














  • 1:200 LEVERAGE



Online forex prop firms have grown massively in popularity over the last few months. Traders are quickly realising that they can get a lot further trading large capital for a firm, than they can compounding their small 4 figure accounts for the next few years.

With this surge in demand, there has also been a surge in low quality prop firms exploiting traders and not delivering on promises. Is Funded Academy legit? Let’s find out now…

Who Are Funded Academy?

Funded AcademyOpens in a new tab.

Along with the massive profit share, traders have realistic trading conditions, refundable challenges and 1:200 leverage to ensure you have everything you need to reach your profit targets!

The scaling plan means that the company doubles your trading capital every time you make just 10% on your account, speeding up the compounding by 10x!

Although Funded Academy is a new competitor in the market, it’s rapidly becoming one of my favourite prop firms and I think it’ll be dominating the space over the next few years. Let’s find out more…

Getting Funding From The Funded Academy

Getting funding from Funded Academy is very simple. The simple 2 stage process is much quicker and more simple than some of the other prop firms in our top prop firms listOpens in a new tab.

Regardless of which account/funding option you choose, the first stage is to make 10% profit. You will have 30 days to do this, with a maximum of 10% drawdown and 1:200 leverage. You actually get to choose between having a max of 5% daily drawdown, of 50% positive days on the challenge. This choice makes it potentially much easier for traders to actually get funded as they can tailor the challenge stage to their requirements.

Stage 2 is very simple and much less tricky than stage one. This is exactly what FTMOOpens in a new tab.

Once stage 2 is complete, you will be funded. Maximum drawdown is capped at 10% and you have access to 1:200 leverage – perfect for making nice returns within the markets. I would definitely say that profitable traders should have no problem getting funded from Funded Academy.

What Makes Funded Academy Different From Other Prop Firms Like FTMO?

The majority of prop firms for forex traders are fairly similar. Beyond the branding, the core seems to be the same for most models. The only outliers are companies like DT4X TraderOpens in a new tab.

Funded Academy has a ‘Own Deposit ProgramOpens in a new tab.

Funded Academy also has one of the best scaling plans I have ever seen. For every 10% milestone on your funded account, they will double the amount of capital you have to trade with. This is by far faster than even a really good compounding strategy. The capital you have will scale up to $2,000,000!

As the company is extremely new, I am assuming that no one has managed to reach the $2,000,000 mark just yet. Funded Academy claim to have just paid out around $10,000 right now – so you may in the running for being the first fully funded trader they have!

Some of the other factors that set the company apart are…

Is Getting Funding From The Funded Academy Realistic?

Getting funding as a trader from the Funded Academy is very realistic. The challenge is an easy 2 step process, with large drawdown limits and a realistic profit target. The time duration of challenges is also very do-able for most profitable traders.

You can use unlimited lot sizes, trade the news, hold positions overnight and over weekends, use EAs and even use trade copiers. This means you can use multiple of the top prop firmsOpens in a new tab.

Funded Academy also offer unlimited and free retakes if you fail your challenge. To qualify for this though you need to be in profit when the challenge comes to an end. I believe that these conditions are all extremely fair and should give traders the best chance of success.

The Funded Academy Reviews – What Do Traders Think?

There are a lot of scams in the forex industry. There are just as many scams in the prop firm industry. Companies offering traders a huge amount of trading capital and never delivering on payouts or making trading conditions basically impossible. This is why we look at reviews from traders around the world to gauge the experiences of other traders…

On TrustpilotOpens in a new tab.

The lack of reviews is just because the company is new and therefore nothing to worry about. I would recommend keeping an eye on the reviews and checking to see if the quality stays the same as the company grows – if so, we will recommend Funded Academy!

We completely agree with Hannah here, that Funded Academy could definitely become one of the best prop firms in the industry, soon.

In Conclusion – Is Funded Academy A Scam?

In summary, Funded Academy is a great online prop firm for traders looking to take on additional funding and take their trading career seriously. The conditions are fair, the perks are great, the 80% profit split is huge and the scaling plan can see traders compounding 10 times faster than they otherwise would.

The only drawback right now is the fact that the company is brand new. We don’t like to trust brand new companies with our money, especially in this industry. Therefore, I am sitting on the fence and I would advise you to do the same for the next few weeks.

Once Funded Academy has been around for a good few months and has much more exposure to traders and many more reviews online, we will revisit and then most likely use the company for funding.

If you have any experience with the company please do let me know in the comments down below, I’d love to know how it’s gone for you.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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