FundYourFX 2023 Review – Pros, Cons, Our Funding Experience

As the online prop firm industry has boomed in the last few years, there are now over 50+ prop firms for us traders to choose from. This is great for us, with so much choice and ability to work with a prop firm that suits our trading styles.

However, choosing a prop firm is harder than ever, with so much choice in the market! 

In this article we are reviewing FundYourFX, a prop firm with a unique business model offering instant funding to traders with no evaluation period needed! We’ve tried and tested FundYourFX over the last few months to provide the most comprehensive review possible.

So, let’s get into it! 

Who Are FundYourFX?

FundYourFX is a relatively new prop firm offering forex traders up to $1.75m in funding with a 70% profit split! 

Over the past 6 months I’ve had countless emails from traders looking to sign up and wanting to know if we’ve obtained funding accounts from FundYourFX – testament to their strength as a growing brand. 

With their aggressive scaling plan, traders are able to go from 4 figures in trading capital to 7 figures in a much faster time than with any prop firm I’ve seen before – with 8 trading levels/tiers to go through. 

It sounds great, right? Instantly funded accounts, no challenges to pass and rapid account scaling. Well, could this be the prop firm for you? Let’s figure that out… 

How To Get Funding From FundYourFX?

Obtaining funding from FundYourFX is a fairly straightforward process. There are only 3 accounts to choose from and they’re all exactly the same, other than the amount of capital. 

The starter plan costs £147 and will give you access to $6000 in trading capital, which can be scaled to $500,000. 

The standard plan costs £297 and will give you access to $15,000 in trading capital, which can be scaled to $1,000,000. 

The professional plan costs £577 and will give you access to $30,000 in trading capital, which can be scaled to $1,750,000.

I would most likely recommend choosing the standard plan if you’re a profitable trader or the professional plan if you’re very experienced in the markets!  

What Makes FundYourFX Different From Other Prop Firms?

FundYourFX has been really fun to test out over the last few months because it’s not just another cookie cutter copy of FTMO, like most prop firms are these days. 

No, in fact, it’s got some really interesting features: 

• Instant Funding 

Instead of having to sit through an evaluation challenge before earning a profit split, FundYourFX will give you instant funding meaning you can start trading within hours of purchasing your account. 

• Huge Scaling Milestones

Most prop firms either have very small scaling plans, or none at all. This company has a relatively huge scaling plan with 8 milestones that means you can reach up to $1,750,000 in trading capital! 

• Real Trading Capital

FundYourFX offers traders real trading capital from day one, instead of giving traders demo accounts to play with like many prop firms do! 

Is Getting Funding From FundYourFX Realistic? 

We’ve seen it time and time again… Prop firms promising traders the world whilst making it impossible to actually get funded. 

However, that’s not the case with FundYourFX. 

They offer us traders instant funding with no account evaluation. So objectively speaking, anyone can obtain funding! 

The initial capital offered to traders is much smaller than that offered by other firms, with the idea being that you grow your capital with their rapid scaling plan as you prove your consistency whilst trading. 

The lack of a trading challenge is a huge bonus for traders as the constraints of a challenge can cause traders to get emotional and cost themselves their account. 

The maximum drawdown limit you have on your account depends on what level of compounding you’re at. You’ll be starting at level 1 and can move through to level 8. 

Initially, you’ll have a maximum drawdown of 5% – very standard within the industry. As you progress through the trading milestones, this will increase to 7% before reaching the total limit of 10%. 

The lack of trading challenge and reasonable drawdown limits makes it very possible for all consistent traders to succeed here! 

FundYourFX Reviews – What Do Traders Think?

In all of our prop firm reviews, we like to look on third party websites to establish further trust and understand the experience other traders are having with a funding company.

Our name and reputation sometimes allows us ‘special treatment’, which we’d obviously like to avoid. 

It’s brilliant to see that FundYourFX has over 250 reviews on Trustpilot, coming in at 4.7 stars and 85% excellent! 

For a prop firm, it’s hard to maintain such an excellent score as failing traders usually leave negative reviews for their prop firms and brokerages – so this is great to see! 

Of course 250 reviews so far is much lower than the likes of FTMO, but you must understand that FundYourFX is a much younger business. We will keep this review updated as a useful resource over the coming months and continue adding feedback to this section as the company continues to grow! 

FundYourFX Scaling Plan

If you’re a long time reader of our site, you’ll know that we love prop firms that offer a scaling plan. Prop firms offering no opportunities to compound or scale a trading account to larger capital are never the best move for a trader looking to continue to grow! 

Thankfully, FundYourFX offers one of the best, if not the best account scaling program in the industry. 

Traders start with either a $6,000, $15,000 or $30,000 account depending on what package they choose on signup. 

For every 10% profit milestone the trader achieves, the company increases your trading balance as a reward. In the first few levels, the increase is 50% increments but by level 5, you’re having your account doubled for every 10% you make! 

If you’re a consistent trader able to bag a 10% return every quarter, this could be a huge opportunity for you to exploit. 

FundYourFX Partnership With EightCap

FundYourFx is partnered with Eightcap for their trading platforms and liquidity. Eightcap is a well respected forex broker that partners with a lot of the world’s leading prop firms to provide good trading conditions for clients. 

Again, this is a great vouch of trust, knowing that FundYourFX is partnered with a reputable broker and the orders will be passed straight through to the market. 

Eightcap offers traders MetaTrader 4 and MetaTrader 5, so that’s what you’ll have access to! I personally still use MT4 for my funded trading accounts.

FundYourFX YouTube Channel 

This is going to be completely irrelevant for some traders reading, but FundYourFx has a YouTube channel here. 

Many prop firms are completely faceless and have no YouTube content at all, so to see consistent YouTube content being posted from traders and employees is a great trust signal in our eyes. 

In Summary – Is FundYourFX A Legit Prop Firm?

In conclusion, FundYourFX is a good prop firm for traders looking to avoid a trading challenge and start compounding their trading accounts! This enables traders to get going quickly and grow to a much larger amount of capital under management than they would be able to achieve with other prop firms. 

If you have anything to add or any experience trading with FundYourFX, please do get in touch! We’ll be revisiting this article each month so your insight would be greatly appreciated.