Trading Funds
Pros
- NO TIME DURATION ON CHALLENGES
- WEEKEND HOLDING ALLOWED
- AGGRESSIVE SCALING PLAN
- NO DAILY DRAWDOWN LIMIT
- 90% PROFIT SPLIT
It’s no surprise that traders are loving using online prop firms to skyrocket their profits within the forex market. Obtaining capital and growing accounts has long been a challenge for traders around the world in the retail arena. This is where prop firms come in!
There are now 50+ online prop firms
providing capital to forex traders looking to reach the next stages in their trading careers.
However, with so many prop firms in the market, it’s harder than ever to find the right firm for you and your trading style. This is where we come in!
Lux Trading Firm
Lux Trading Firm are a highly rated prop firm offering initial funding of up to $1,000,000 with a 75% profit split.
They offer an amazing scaling program up to $10M, with multiple industry-leading features such as their unique offering to trade on TradingView’s charts, large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, Elite Packages, and no time limits make it the perfect funding option!
Lux Trading is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker!
- Real Money Funding
- Brick & Mortar Business
- Great Reputation
- Funding Up To $10,000,000
In this article we are reviewing TradingFunds – a brand new prop firm with a great offering for traders. Let’s see if they’re the prop firm for you…
Who Are TradingFunds?
TradingFunds is a new prop firm offering traders up to $200,000 of trading capital, with scaling up to $2,000,000 in a rapid scaling plan. With large profit splits, no minimum trading days and clear rules, this is a firm to look out for over the next few months!
In fact, the reason we’ve been so interested in TradingFunds is the lack of daily drawdown restrictions. If you’ve been in the industry for a while, you’ll notice that every prop firm has a restriction on daily drawdowns… However, these guys don’t.
Could Trading Funds be the prop firm for you? Let’s find out now…
Lux Trading Firm
Lux Trading Firm are a highly rated prop firm offering initial funding of up to $150,000 with a 75% profit split.
As well as the initial funding, there is no time limit on hitting profit targets, weekend holding is allowed and they offer an amazing scaling program up to $10M, making it a perfect funding option for swing traders and day traders.
- Real Money Funding
- Brick & Mortar Business
- Great Reputation
- Funding Up To $10,000,000
How To Get Funding From TradingFunds?
When it comes to actually obtaining a funded trading account from TradingFunds, it’s incredibly simple – there is one option!
The evaluation accounts range from $25,000 starting balance to $200,000 – depending on which option you’d like to select.
The $25,000 balance account starts at $199, with the $200,000 account starting at $1,199. These prices are fairly competitive in the industry, for reference.
The rules remain the same for the account, regardless of the balance you choose as they’re all percentage based. The only difference in the accounts is the maximum scaling you can obtain per account.
For example, the $25,000 account can be scaled to $125,000, whereas the $200,000 account can be scaled to $2,000,000.
Once you’re sent the login details, you’ll start trading on your challenge account.
You’ll have a profit target of 10% to hit, in an unlimited amount of time. You will have a maximum drawdown of 6% on the account before you violate the account and need to purchase a new challenge.
We’d recommend using anywhere from 0.1% risk per trade, to 0.5% risk, depending on your ability in the markets.
Once the profit target is met, you’ll be sent the details for your trading account which you’ll trade on an ongoing basis.
Your fee to purchase the challenge will be refunded in your second withdrawal, should you be successful.
What Makes TradingFunds Different From Other Prop Firms In The Industry?
TradingFunds actually has some really interesting factors that set it apart from other prop firms you’ve seen in the industry and certainly that we’ve worked with previously.
No Daily Drawdown Limits
This is a really interesting one as many traders struggle to stay within daily drawdown restrictions of just a few percent. By removing this, TradingFunds is allowing traders to ride trades out with more breathing room and this should increase the chance you have of passing the challenge!
One Step Evaluation
Instead of having the typical ‘FTMO style’ 2 step challenge, Trading Funds offers a one step challenge model. Meaning once you’ve passed just the one step, you’ll be funded!
This makes it much faster to pass a challenge and frankly increases your chances of actually being successful in a trading challenge – which is great to see!
This is as close to instant funding as you’re going to get!
Aggressive Scaling Plan
The scaling plan is incredibly aggressive, which is lovely to see! The scaling plan has 5 milestones.
In every stage, once you reach the profit milestones, your capital is increased by a huge amount – in some cases even doubling your capital under management.
If you’ve read any of our other prop firm trading reviews, you’ll understand how seriously we take scaling plans and it’s great to see the firm giving traders the opportunity to continue growing and succeeding in their trading.
No Time Limits On Challenges
Alongside having no minimum trading days, there are no maximum trading days either! This means that traders can focus on taking the highest quality setups and growing their account slowly and consistently without feeling the need to take subpar setups to reach their profit targets quickly.
Again, this should increase your chances of success with your trading challenge!
SurgeTrader
Surge Trader is a highly respected US prop firm offering forex traders a 75% profit split and funding of up to $1,000,000 after the challenge stage.
Unlike most prop firms, the company offer trading on all forex and cryptocurrencies, making it a great option for those traders that like to diversify.
- Great Reputation
- Funding Up To $1M
- 75% Profit Split
Is Getting Funding From TradingFunds Realistic? How Many Traders Pass The Challenge?
There is very little point in us reviewing a prop firm and striving to get funded with a firm if they’re making it impossible to succeed – as some firms do!
With that being said, TradingFunds are making it as easy as they can to get us funded.
How so?
Firstly, the lack of time restrictions on challenges makes it much easier to get funded than if you know you’re against the clock. The psychological pressure of being timed makes everything much harder, alongside being forced to take trades outside of your trading plan in the hopes of scraping by.
Secondly, the lack of daily drawdown limits means traders can let trades breathe and possibly take additional risk, without being against the wall every step of the way.
Thirdly, there is only one step in the evaluation process, rather than you being forced to complete 2 trading challenges!
Lastly, you have access to over 200 instruments to trade, with leverage, meaning you’ll find a pair to suit your trading strategy! You’re also allowed to hold trades over the weekend, meaning this could be a perfect prop firm for swing traders and day traders looking to capture longer term moves in the markets.
TradingFunds Reviews – What Do Traders Think?
At the time of writing this, TradingFunds is a brand new firm with very little in the way of reviews from traders online – so there isn’t much we can look at right now.
However, we will keep this article updated as a living/breathing resource and update the reviews as and when we see traders are starting to review their experiences with the prop firm!
If you’ve worked with these guys, please drop us an email and let us know your experience!
TradingFunds Are Partnered With EightCap
Some prop firms handle orders internally, which is a bit of a red flag in our book! We like to see traders’ orders being pushed to the real markets through a reputable broker.
TradingFunds are partnered with Eightcap, an award winning ASIC regulated broker that has supported many of the worlds most successful online prop firms in providing trading platforms, liquidity and management to firms.
This is great to see and a real vouch of trust for Trading Funds, knowing they’re partnered with a regulated entity to provide unbeatable trading conditions.
EA’s, Robots And Swing Traders
Many prop firms have been clamping down on robot traders, scalpers and even swing traders recently, not allowing trades to be held through news, overnight and over weekends.
Trading Funds currently allow all types of trading, whether you’re an EA trader or swing trader, or somewhere in between, you’ll be allowed to trade the markets as you desire – as long as you exercise proper risk management in your trades!
TradingFunds Customer Service
Maybe it’s just us, but we love to see great customer service from a prop firm. Especially when we are looking for withdrawals, when customer service teams get short with us or take a while to reply, we start to get anxious!
However, our experience with TradingFunds customer service guys so far has been excellent! They’ve answered all of our questions, directed us to the knowledge base where necessary and frankly provided a great service!
Again, if this changes, we’ll let you know!
In Conclusion – Is Trading Funds A Scam?
TradingFunds is a reputable prop firm, partnered with a regulated entity (Eightcap) and provides one of the best offerings we have seen in the market so far!
In fact, you’ve got one of the highest chances of succeeding in a trading challenge with TradingFunds due to their relaxed ruleset, as set out in the review above.
It’s certainly early days for the firm but we’ve seen great things so far and we’re really excited to see where this prop firm goes in the coming months.
We’ll keep updating this resource with traders reviews, our first withdrawals from Trading Funds and everything you need to know – so be sure to bookmark this and circle back every few weeks!
If you’ve started trading with TradingFunds, please drop us an email and let us know your experience so far!
