As retail traders, it’s important to leverage all tools at your disposal as we’re already at a huge disadvantage when compared to the institutions.
One huge advantage traders have is using prop firms to scale their trading capital overnight and be able to reduce their risk whilst increasing their profits.
There are now over 50 forex prop firms
In this article we’re going to review FX2Funding
Who Are FX2Funding?
Prior to seeking funding from this firm, we’d seen countless videos of traders working with them and trading their funded accounts so it was about time we got to work!
I will say that FX2Funding is relatively new so it has less of a footprint in the industry than some of the largest prop firms but this is not a bad thing!
In fact, they’re becoming widely known for their relaxed ruleset when it comes to getting funded and trading your funded account as they’ve completely removed the minimum time duration, maximum time duration and even the need for stop losses in trades.
So, are these guys the prop firm for you? Let’s find out now…
How To Get A Funded Account From FX2Funding?
Funding ranges from $10,000 to $200,000, as shown below.
The funding challenge is actually incredibly simple as it’s only the one stage you need to deal with.
For traders that aren’t sure of their strategy or their profitability, potentially starting with one of the cheaper challenges might be the best idea.
For consistently profitable traders, you’re better off going for the larger amounts of capital as you won’t be wasting your time with smaller profits!
So, during the challenge, you’ll need to net 10% profit on the account balance, without losing a total of 5% on the account and not losing more than 4% in one day.
For most profitable traders, this shouldn’t be an issue!
Once you’ve locked in that profit, you’re funded – it’s that simple. We’ve worked with maybe 15+ prop firms at the time of writing this and reviewed 50 and we’re yet to see an easier funding option for traders!
What Makes FX2Funding Different From Other Prop Firms?
Is FX2Funding just a carbon copy of another prop firm? Well, no! In fact, they have such a unique offering compared to many of the industry leading prop firms.
1. Live Trading Capital
Firstly, they offer funded traders live/real capital. Many prop firms only have traders on demo accounts, which can hold you back in seeking private investment and means you’re never a ‘real forex trader’.
FX2Funding give traders a live account, which means you’ll have a real track record and be able to seek more funding alongside!
2. Relaxed Trading Rules
The trading rules are incredibly relaxed with no minimum time duration, no maximum time duration, weekend holding is allowed, news trading is allowed and no stop losses are needed!
This makes it as easy as possible for traders to pass and actually get funded!
FX2Funding Scaling Plan
If you’ve read any of our previous reviews, you’ll know how important scaling plans are to us. If you’re trading with a prop firm that doesn’t offer any kind of capital scaling, frankly, you’re wasting your time.
With that being said, FX2Funding offer a great scaling plan
It’s extremely simple to do – essentially, make 10% profit locked in on the account balance, withdraw, then your funds will be increased by 10%.
It’s that simple!
Traders may think that 10% is a fairly small increase as some prop firms offer 100% increases but you need to bear in mind that FX2Funding offers real/live trading capital. It is always a red flag when prop firms can offer a weirdly high amount of trading capital in scaling plans!
Is Getting Funding From FX2Funding Realistic?
A prop firms offering is completely useless if they’re making it impossible for us traders to actually get funded.
However, FX2Funding have gone completely the other way, making it as easy as possible to get funded!
Well, firstly, they offer a one-stage evaluation. Obviously one evaluation stage is going to be easier to complete than two stages, so this is a huge edge for traders to exploit.
Secondly, there are no minimum trading days. This means you could literally pass the evaluation in just one trade or one day.
Thirdly, there is no maximum time duration – you can take your time and ensure you take the highest quality trades that match your trading plan.
Fourth, stop losses are not required. I would always advise you use a stop loss in a trade as you never know how the trade will play out but I’m very aware of the fact that some traders do not like using stop losses at all.
For those traders, this will be great!
Fifth, weekend positions are allowed, meaning swing traders are able to trade with this prop firm without needing to shut their positions early and lose their profits.
All in all, if you cannot get funding from FX2Funding, you won’t be able to get funding from any of the best forex prop firms
FX2Funding Reviews – Is It Legit?
If you’re a fan of the website, or a regular reader of our prop firm reviews, you’ll know that we always take into account the opinions of other traders.
The reason for this is simple… We never know if our experience, positive or negative (in this case positive) will be mirrored by other traders.
With that being said, FX2Funding has an excellent reputation on Trustpilot
The reviews, as you can see, are very positive. They’re consistently getting praised for their customer support and their relaxed rules.
I’m going to keep my eyes on the Trustpilot reviews and update this article over the coming months as the firm continues to grow and scale their pool of funded traders.
I’d recommend keeping your eyes on the reviews too!
FX2Funding YouTube Channel
FX2Funding has a YouTube channel showcasing a few useful trading videos, alongside further information about the company and their values within the industry.
To be honest, there isn’t a huge amount of content on the channel yet but it’s clearly not been a priority for the company. I’m going to keep my eyes on the channel as it grows and see what kind of content they’re looking to push out!
With that being said, the YouTube channel shows the transparency of FX2Funding, which is great to see.
In Summary – Is FX2Funding The Right Prop Firm For You?
In conclusion, FX2Funding is a great new prop firm and it’s perfect for traders looking for a relaxed ruleset and a fast method to get funded.
Providing on your trading ability, you could be funded the same day!
If you have any experience in trading with FX2Funding, please drop a comment below, we’d love to know your experience and add your comments into the review.