Funded Nation is a financial firm that is a member of the Singapore Fintech Association (SFA.) Challenges' prices range from $25 to $475 in 5 account sizes [$5K, $10K, $25K, $50K, $100K], and the maximum leverage is 1:100.
Company Details
Based in Singapore, Funded Nation has established itself as a forward-thinking prop trading firm. Here's the data we found during our investigations on various sources:
- Founded Date: 2023
- Number of Employees: 11-50
- Address: Vbulls Pte Ltd / Funded Nation, One Raffles Place, Tower 2, #19-61, Singapore 048616
Summary Of Specifics
In this section of the review, we will have an overview of the main features of the company. Here's what makes Funded Nation a prop firm:
Account Currency | USD |
Minimum Price | $25 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 80% |
Instruments | Forex, Commodities and Metals, Indices, Cryptocurrencies |
Assets | Not Specified |
Evaluation Steps | 1-Step, 2-Step, 3-Step |
Withdrawal Methods | Crypto, Wise, Bank Transfers |
Maximum Fund Size | $1,000,000 |
First Profit Target | From 6% |
Max. Daily Loss | Up to 5% |
Challenge Time Limit | No Limits |
News Trading | Restricted On 2 Minutes After And Before A News Announcement |
Maximum Total Drawdown | Up to 10% |
Trading Platforms | Match-Trader |
Commission Per Round Lot | Not Specified |
Trustpilot Score | 4.2 out of 5 |
Payout Frequency | Bi-weekly On Demand for 3-Step Accounts |
Established Country | Singapore |
Established Year | 2023 |
Pros and Cons
With every company, there come some benefits and drawbacks. Let's investigate these in Funded Nation to provide you with a clear and balanced image of it:
Pros | Cons |
High Profit Share (Up to 80%) | Restriction on News Trading |
125% Refundable Fee | Single Platform Option (Match-Trader) |
Multiple Funding Options | Support Team Unavailable on the Specified Schedule |
No Limits on Trading Styles | - |
Fundings and Initial Fees
Funded Nation offers several account sizes with various prices to suit different budgets and preferences. In the table below, we will have an overall look:
Funding | Initial Price for 1-Step and 2-Step Models | Initial Fee for 3-Step Models |
$5,000 | $50 | $25 |
$10,000 | $95 | $55 |
$25,000 | $175 | $115 |
$50,000 | $275 | $195 |
$100,000 | $475 | $345 |
Evaluation Programs
There are various evaluation accounts and challenges in different structures and rules. Funded Nation offers three distinct evaluation models. In the tables below, we will investigate each one. JetSet Citizen 1-Step:
Min. Trading Days | 3 Days |
Profit Target | 10% |
Max. Daily Loss | 3% |
Max. Total Drawdown | 6% |
Max. Leverage | 1:30 |
Profit Split | 80% |
Payout Frequency | Bi-weekly |
GoldenVisa 2-Step:
Min. Trading Days | 5 Days |
Profit Target | 8%-5% |
Max. Daily Loss | 5% |
Max. Total Drawdown | 10% |
Max. Leverage | 1:100 |
Profit Split | 80% |
Payout Frequency | Bi-weekly |
Smart Visa 3-Step:
Min. Trading Days | 3 Days |
Profit Target | 6%-5%-4% |
Max. Daily Loss | 4% |
Max. Total Drawdown | 6% |
Max. Leverage | 1:50 |
Profit Split | 80% |
Payout Frequency | On Demand |
Are There Any Bonuses And Promotions in Funded Nation?
Bonuses are used to attract new clients and keep the old ones motivated. Per our latest investigations on the website, Funded Nation does not currently provide any promotions. However, you should always check the official sources for any updates and changes regarding this matter.
Also, discount codes could be offered on third-party websites.
Which Instruments Can I Trade On Funded Nation Prop Firm?
The prop firm facilitates access to a mediocre suite of trading instruments for its partners. Although no detailed information is provided, here are the available markets:
- Forex
- Commodities and metals
- Indices
- Cryptocurrencies
Supported Payment Systems and Solutions
In a prop firm, you make payments either to receive payouts or to pay the prices for challenges. You can receive your profit share on Funded Nation using these methods:
- Crypto wallet transfers
- Wise
- Bank transfer
Challenge fees on the firm are paid via these options:
- Credit/Debit Cards
- Cryptocurrency transfers
- Bank wire transfers
Fees and Prices in Funded Nation
Understanding the cost structure is crucial for traders and can make a difference when choosing a prop firm. As mentioned on the official website, there are no fees while trading on demo accounts. In other words, no commission is charged before passing the challenges.
However, for trading in live accounts, a fee will be applied to your trades. No further detail of this commission is revealed by the company. This lack of data is a drawback for it.
Also, a swap fee is charged or paid by the firm, depending on the positions you hold.
Trust Reviews and User Scores
Companies and firms receive ratings on their services on certain websites such as Trustpilot. Current trust metrics of Funded Nation on the mentioned website indicate positive trader sentiment:
- Score: 4.2/5 based on recent reviews
- 5-Star Scores: Over 60%
- 1-Star Ratings: Less than 15%
- Time Spent for Company Replies to Negative Reviews: Less than 2 days
Overall, the prop firm has received good trust scores and seems to be reliable. However, we can never say for sure, and you should put your own research before anything.
Customer Support in Funded Nation
The Support department is a section that should be considered very seriously because it could make a difference when facing a problem with a company. Support Contact Channels in Funded Nation:
- Live Chat: Accessible through the website
- Email: support@fundednation.com
- Ticket System: Available on the website in the "contact" section
Based on what the company claims, the support department should be available Monday to Friday from 9:00 to 17:00, but each time we attempted to contact them through the chat, it said "We're offline". This is a major drawback for Funded Nation.
Accounts On Social Media
The company provides updates and insights on popular social networks on the internet. In the list below, you can find the link to each account:
Expert Suggestions
Funded Nation has received a 4.2/5 trust score on the Trustpilot website, based on 50 user reviews; +60% of the ratings are 5-star, and the company replies to negative reviews in less than 2 days.
ScamAdivser has given a 100/100 Trustscore to the prop firm's website, with a 3.9/5 user rating.
