Express Funded has deep roots in South Africa and provides up to $1,000,000 in trading capital with a generous 90% profit split and refundable fees. Express Funded prop firm supports MetaTrader 5 with leverage options of up to 1:30. The payment options include PayPal and AfriCheckout.
Express Funded; Company Information
Express Funded is a Ghana-based prop trading firm led by co-founder McGlory Thapelo Mabitsela. The company is not regulated by any financial authorities, and neither is its partner broker, KT-Asia LYNX.
Express Funded is a prop trading firm founded in 2023 in South Africa
It’s noticeable that the firm mentions Purple Trading, regulated by the UK FCA, as the partner broker on its official website, but the support team confirmed that they are partnered with the Hong Kong-based broker KT-Asia LYNX. Key features of Express Funded:
- Innovative 1-step and 2-step trading challenges
- Flexible funding options with accounts up to $100,000
- Scaling program up to $1 million
- Profit splits of up to 90%
- Comprehensive educational resources and round-the-clock support
- Refundable challenge fees
Express Funded Specifications
To give you a clear picture of what Express Funded offers, here's a table outlining the prop firm's key specifications.
Account currency | USD |
Minimum price | $49 |
Maximum leverage | 1:30 |
Maximum profit split | Up to 90% |
Instruments | Forex, Indices, Commodities, Crypto |
Assets | N/A |
Evaluation steps | 1-Phase, 2-Phase, Instant Funding |
Withdrawal methods | USDT |
Maximum fund size | $1,000,000 |
First profit target | 8% |
Max. daily loss | 4% |
Challenge time limit | Unlimited |
News trading | Allowed |
Maximum total drawdown | 12% |
Trading platforms | MT5 |
Commission | Only the partner broker’s spreads and swaps |
TrustPilot score | 3.8 |
Payout frequency | Bi-Weekly |
Established country | Ghana |
Express Funded Advantages and Disadvantages
Like any prop firm, Express Funded has its strengths and weaknesses, so to have a balanced look, we must discuss both.
Pros | Cons |
Fast-track funding process | Limited account options compared to some competitors |
High profit splits (up to 90%) | Low daily drawdown (4%) |
Opportunity to scale accounts up to $1 million | Relatively new in the prop firm market |
Comprehensive educational resources | Limited information on company background |
Express Funded Prop Firm Funding Plans and Pricing
The prop firm offers two main funding plans, 1-Step and 2-Step, designed to cater to traders at various levels of experience and capital requirements. Note that Express Funded doesn’t offer Instant Funding plans.
Funded Account | 1-Step | 2-Step |
$5K | $49 | $49 |
$10K | $99 | $99 |
$25K | $219 | $199 |
$50K | $329 | $299 |
$100K | $549 | $499 |
Registration and Verification on Express Funded
Getting started with Express Funded is a straightforward process designed to get you trading as quickly as possible.
- Navigate to the firm’s official website at “https://expressfunded.com/”;
- Click “Start Challenge”;
- Fill in the “Billing Details” form with information, such as full name, country, phone, and email;
- Pay the challenge fee.
While the KYC verification will be mandatory for all challenges, at the time of writing this article, only funded accounts with $25K capital or more require you to complete the KYC.
- Proof of Identity: Passport or Driver’s license
- Proof of Address: Utility bill or Bank statement
Evaluation on Express Funded (Rules and Conditions)
To maintain the integrity of their program and ensure traders are ready for live funding, the firm has established specific rules and conditions for their challenges.
While Hedging and EAs are not allowed on Express Funded, you can trade news by adhering to the 5-minute duration rule
Express Funded key challenge rules:
Conditions | 1-Step | 2-Step |
Duration | Unlimited | Unlimited |
Min Trading Days | 8 | 4 / 4 |
Profit Target | 12% | 8% / 5% |
Daily Loss Limit | 3% | 4% / 4% |
Total Drawdown | 8% | 12% / 12% |
Leverage | 1:30 | 1:30 |
Weekend Holding | Allowed | Allowed |
Refund | Yes | Yes |
Does Express Funded Offer Bonus and Promotional Programs?
It’s time to discuss one of the most attractive topics in this Express Funded review. While the firm focuses primarily on providing competitive funding options, it occasionally offers bonuses and promotions to enhance the trading experience.
- Affiliate Program: Earn commissions by referring new traders;
- Seasonal Discounts: Look out for special offers during holidays or trading events (at the time of writing the article, the firm offers a 25% discount code “EFOCT25”).
Express Funded Trading Platforms
The firm supports the robust MetaTrader 5 (MT5) trading platform to ensure a seamless trading experience. While the download links are not available on Express Funded prop firm’s website, you can download the mobile versions from the links below:
Available Markets on Express Funded
There is no specific information about the financial instrument on the firm’s website. However, after reaching out to live support, they indicated that trades would gain access to various markets, including Forex, Crypto, and more.
- Currency Pairs
- Indices
- Commodities
- Cryptocurrencies
Express Funded Payment Methods
While the firm offers numerous deposit options, it only supports USDT Tether transactions for withdrawals. Available funding options on Express Funded prop firm:
- Credit/Debit Cards
- PayPal
- AfriCheckout (Crypto, Mobile Money, and Bank Transfer)
Commission and Spread on Express Funded Prop Firm
Express Funded, in partnership with KT-Asia LYNX, aims to provide competitive trading conditions. In order to achieve this goal, the firm doesn’t charge any Commissions, swaps, or spreads itself.
However, traders should keep in mind the spreads and swaps charged by KT-Asia LYNX broker, while passing the challenges.
What Educational Resources Are Available on Express Funded?
We must mention the educational materials in this Express Funded review. Two of the co-founders of the prop firm are FX GOAT FOREX TRADING ACADEMY and KOJO FOREX ACADEMY.
Through these institutions, the firm offers exceptional educational courses on various topics, including Currency Trading and Day Trading University, with 24/7 support.
Express Funded Prop Firm on Review Websites
While the firm is relatively new in the prop firm market, early reviews have been generally positive.
27% of the reviews on Express Funded’s TrustPilot profile are negative (1-star rating)
It has received a 3.8 score out of 5 from TrustPilot users (based on 112 reviews).
Express Funded Customer Support
The firm prides itself on providing robust 24/7 customer support to assist traders throughout their journey.
- Email (support@expressfunded.com)
- Live Chat
- Discord Support
- Instagram Support
Express Funded on Social Media
Stay connected with Express Funded and the trading community through their active social media presence. They mostly post new content on their Telegram channel.
- Express Funded Facebook
- Express Funded Discord
- YouTube
- Telegram
Expert Suggestions
Express funded offers funded accounts ranging from $5K to $100K with scaling options up to $1,000,000. The company has a great trust score of 3.8/5 on TrustPilot.
Express Funded prop firm has partnered with KT-Asia LYNX (Brokerage Company) and FX GOAT ACADEMY. The lack of transparency regarding the firm’s background and fee structure, alongside the minimum trading period of 8 days are the main weaknesses in this Express Funded review.