FundedX Review

FundedX is a prop firm that recently entered the market. The platform has a  2-step evaluation process and successful traders get immediate access to a user-friendly dashboard and funded accounts. 

FundedX focuses on raw spreads and the opportunity for capital scaling of up to $5 million. They offer a fair profit-sharing model of up to 80%-90%.

FundedX Review Discount Codes Details:

At the moment, FundedX does not offer any discounts or promo codes. 

What is FundedX?

FundedX offers a supportive environment and funding for traders. This way you can increase your earning potential.  

In the evaluation process, FundedX will test your trading skills. Profitable traders get funded accounts and they can increase their earning potential without risking their own money.  

Who is FundedX For?

FundedX has a simple platform, so anyone can use it. But, new traders may struggle a bit because there is no demo account to practice on.  

Who is the CEO of FundedX?

Adrian Mudronja, also known as AJ Currency is the current CEO of FundedX. He is a figure in trading focused on educating traders. He is also an entrepreneur and London Open trader. 

FundedX Challenge

FundedX has different challenge accounts each with specific rules and costs.

Account Size	Price
5,000	$69
10,000	$129
25,000	$259
50,000	$319
100,000	$529
200,000	$989

When you pass the evaluation challenge, you gain access to funded accounts with 3 funding tiers, each with different leverages.

• Basic: With a leverage of 1:20
• Pro: With a leverage of 1:50
• Elite: With a leverage of 1:100

What makes FundedX different from other prop firms?

• Fully funded trading accounts if you pass their evaluation process. 
• A profitable profit-sharing model. 
• A great capital scaling model. You can start with a $5,000 funded account and scale to $1 million or up to $5 million. This is significantly higher than many prop firms in the market. 
• Provides a dedicated account manager.
• Allows traders to participate in copy trading between FundedX and other proprietary firm accounts.

Is Getting FundedX capital realistic?

Yes. The FundedX evaluation challenge has 2 phases.

Phase 1: You must  hit a profit target between 8% and 10%. This profit target depends on the account. The higher the funding level you choose the higher the profit target. 

Phase 2: If you are successful in the first phase and achieve the profit target, you will move to Phase 2, which tests whether you’ll keep having a successful trading strategy. 

Each of the phases has specific rules that you must follow

• Time limits. Each phase has a specific time limit to complete both phases and this also differs with accounts. 
• Max daily loss. Depending on the account, the trader must maintain a maximum daily loss of 4% or 5%. Monitor your losses and adjust your trading strategy to minimize losses.

During the challenge, you get to keep 15% of your profits, but once you are a trader, you can expect an 80%-90% profit split in your favor. Again, this depends on your performance and chosen account. 

What are the minimum trading days in the funded challenge

They  have 3 minimum trading days in the challenge for each phase of the two phase challenge.

For the 1 phase challenge, they have a minimum 5 trading days required.

Consistency Rule 

They don’t have a consistency rule on 2 phase challenges. On the 1st phase challenge, they have a consistency rule of 60%, meaning one trade can’t equal more than 60% of the profit target. So on a 100k account, no single trade can equal 60% of the $8,000 profit target, so one trade can’t equal more than $4,800.

Payment options (Deposit and Withdrawal) 

Deposits on the platform are done through Paypal or Cryptocurrency. Withdrawals are done via:

• Bank transfers
• PayPal
• Crypto
• Wise
• Payoneer
• Deel
• Coinbase
• Revolut. 

You receive the first payout after successfully trading for 4 weeks or 28 days. The following payouts are done bi-weekly. Withdrawals are processed in 1-3 business days. Requests can be submitted between Monday and Friday latest by 3:00 PM CT.

Payment Proof & Real User Reviews

FundedX has mixed reviews. Trustpilot  rating is at 3.7/5 stars. Some have had a smooth experience with FundedX, while some disliked its raw spreads and customer service response time. 

Which Platform is available at FundedX?

FundedX uses TradeLocker, an all-around platform with over 20 prop firms and brokers. It includes several features including:

• High-quality charts
• Indicators
• Advanced risk management features like stop loss and take profit orders.

FundedX Trading Instruments

FundedX provides different tradable assets across various markets. They include:

• Forex pairs: Leverage of up to  1:200.
• Cryptocurrencies: Leverage of 1:20.
• Stocks: Leverage of up to 1:50.
• Indices: Leverage of up to 1:100.

Trading Fees

• FundedX has an initial challenge fee that ranges between $69 and $989, depending on the account you choose. 
• FundedX offers minimal to zero spreads and a $7/lot on forex pairs. 

Education & Support for Traders

FundedX has minimal educational resources, making it suboptimal for beginners. Its YouTube page has only 3 videos on TradeLocker. However, the platform has an active Discord channel where you can plug in and learn from other traders. 

Social Media Statistics

Though FundedX has a social media presence, it is more active on Twitter and Instagram. 

• X: 483 followers
• Instagram: 20k followers
• Discord: 1800 members. 

Verdict

FundedX is a new, great platform to grow your trading portfolio. It offers different trading instruments including forex pairs, indices, and cryptocurrency. If you are a new trader, you may need a different platform as the training and educational material is limited. 

FAQ

---