Funding Made Simple (FMS) Review – Pros, Cons, My Experience


Funding Made Simple

6.7

FUNDING

8.5/10

PLATFORM CHOICES

7.0/10

EDUCATION OFFERED

5.0/10

STRICT RULES

7.0/10

REPUTATION

6.0/10

Pros

  • FUNDING UP TO $1,000,000
  • GREAT SCALING MODEL
  • 80% PROFIT SPLIT
  • 1:100 LEVERAGE ON FOREX
  • WEEKEND HOLDING ALLOWED

Cons

  • BRAND NEW TO THE INDUSTRY
  • SOME VERY NEGATIVE REVIEWS
  • PROMOTION FROM INSTAGRAM TRADERS
  • LIMITED WITHDRAWAL PROOF

In 2022, there are now over 30 reputable forex prop firms. These firms are offering retail traders the chance to trade on funded accounts, with no risk to them, in exchange for a percentage of the profits. Each of these new funding options have their own risks, benefits and suit different styles of forex traders so it’s important to understand the pros and cons.

Funding Made Simple is a new prop firm offering funded forex accounts to profitable traders. They have capital up to $1,000,000, a very simple funding model and an 80% profit split! We have extensively researched and tested Funding Made Simple too put this article together, so, let’s find out more…

Who Are Funding Made Simple?

Funding Made Simple are a new forex prop firm, becoming more known in the industry in the tail end of 2021. FMS has a very simple model and works exactly as most of the industry leading prop firmsOpens in a new tab.

The company has one of the best offerings in the market, with 1:100 leverage on forex pairs, a very aggressive scaling plan, 80% profit split and up to 7 figures in funding! It sounds like an obvious choice, right? Let’s find out more…

Getting Funding From Funding Made Simple

FMS has a great range of funded accounts, ranging from $5,000 to $200,000. There is also the option to trade a 7 figure account, but this is reserved for traders that have had at least 2 payouts to their name from their other funded accounts.

If you’re familiar with some of the other forex prop firmsOpens in a new tab.

In essence, funding works by passing a challenge & verification in order to prove your profitability within the markets and ability to stay within certain parameters. Once you have proved yourself on the accounts, you’ll be given the login details to your funded account! I cannot confirm, but I believe that the funded accounts are still demo accounts with no real live market access, but this isn’t a concern as this is also how FTMO workOpens in a new tab.

The accounts work exactly as your normal broker accounts would do, operating on the MetaTrader 4Opens in a new tab.

What Makes FMS Different From Any Other Prop Firm?

There is nothing that sets Funding Made Simple apart from any of the other forex funded account optionsOpens in a new tab.

Funding Made Simple does have some great features, however…

Is Getting Funding From Funding Made Simple, Realistic?

Getting a funded forex account from Funding Made Simple is very straight forward. It should be very achievable for the large majority of profitable forex traders. The company operates on the challenge based model, where you must compete a 2 stage challenge in order to get funded. Once funded, you’ll have an 80% profit split and no profit targets to hit.

Stage 1 – Making 10%

During stage 1, you’ll have 30 trading days to make a 10% gain on your account balance. You’ll need to trade for a minimum of 10 days (to prove it wasn’t 1 lucky win). You’ll also need to stay below a daily maximum loss of 5%, with a maximum total loss of 10%. Once you reach that 10% profit, you will now be on to stage 2. If you fail during this stage, you will lose your refundable fee and have to purchase again.

Stage 2 – Making 5%

During stage 2, you’ll have 60 trading days to make just a 5% gain on your account balance. All of the rules are exactly the same as in stage 1, however, you’ll have twice as long to complete the challenge and half of the profit target! This stage should be very easy for all traders and it’s simply to prove that the first stage was not pot luck.

Stage 3 – Funded!

Now you’re a funded trader! You’ll have to stick to the maximum loss and daily drawdown rules, but there is no longer a profit target. When you do reach 10% profit on the account, the team will double your funds, all the way to $1,000,000!

Is This Realistic?

It’s certainly realistic but it’s not going to be easy. It’s not a surprise that a large amount of traders applying for funded accounts will lose during the challenge process. Challenge based models are great for testing your ability and skills as a trader, but they are not the easiest way to get funded.

If you’re looking for an easier way to get on a funded account, there are a few companies that actually offer instant funded accounts. DT4X TraderOpens in a new tab.

Funding Made Simple Reviews – What Do Traders Think?

When we review forex prop firms, we always like to look at the experience other traders are having, incase ours is wildly different. You can usually get a great gauge from looking on forums like Babypips and ForexPeaceArmyOpens in a new tab.

Funding Made Simple has an Excellent rating on TrustpilotOpens in a new tab.

In fact, I found it strange that a company only just entering the market has so many reviews, straight away. I decided to look into some of these reviews a bit further…

There are a lot of extremely negative reviews and some vague positive reviews too. Not only that, reviewers are alleging that the company is being ran by Raul GonzalezOpens in a new tab.

I personally put this down to the fact the company is extremely new and there are teething issues. For the moment, I would sit on the side lines and use a more well respected prop firm like MyForexFundsOpens in a new tab.

Funding Made Simple Scaling Plan

It isn’t the end of the road when you obtain a funded forex account. In fact, you need to be trading with one of the firms that offers a scaling plan. DT4XOpens in a new tab.

Funding Made Simple offers one of the best and fastest capital scaling plans in the industry. For every 10% of profit you get on the funded account, FMS will double your trading capital. This means, in theory, that you would only need to make a 100% gain to go from $1000 in funded capital, to $1,000,000!

This, of course, is easier said than done, however, it’s a very competitive scaling plan and something for traders to bare in mind! This even blows the FTMO offeringOpens in a new tab.

In Conclusion – Is Funding Made Simple A Scam?

In summary, Funding Made Simple is most likely not a scam, but it’s too early to tell. The company is extremely new and I wouldn’t recommend using any forex prop firm that has been around for just a few months. The promotion from well known Instagram traders is worrying, along with a huge amount of very negative reviews. I’m sure this is just down to the age of the company but it definitely is something to be concerned about.

Personally, I’m sitting this out for the minute. There are plenty of highly rated forex prop firmsOpens in a new tab.

If you’re really looking to trade with FMS, I would recommend also using a second prop firm. In case the company goes under, or anything goes wrong, having your trades mirrored on numerous accounts is the best way to protect yourself from wasting months of hard work. Using a trade copierOpens in a new tab.

If you have any experience with Funding Made Simple, please do let me know in the comments down below!

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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