FX2 Funding prop firm offers $10k, $25k, $50k, $100k, and $200k funded accounts to traders who can pass its challenges. To get the funded accounts, traders need to reach the 8% profit target without exceeding 4% daily and 10% maximum total drawdown limit.
FX2 Funding Prop Firm Company Information
FX2 Funding was founded in 2014 by David Dombrowsky. This platform is based in the Czech Republic and offers 3 evaluations for Forex traders to pass and get funded. FX2 Funding account size ranges from $10,000 to $200,000, with prices ranging from $80 to $925.
FX2 Funding Prop Firm Specifications
Let's break down the key specifications of FX2 Funding:
Account currency | USD |
Minimum price | $80 |
Maximum leverage | 1:100 |
Maximum profit split | 95% |
Instruments | Forex, crypto, indices |
Assets | EUR/USD, Bitcoin, S&P 500 |
Evaluation steps | 2 |
Trading platform | MT5, cTrader, DXtrade |
Withdrawal methods | Crypto and bank transfer |
Maximum fund size | $200,000 |
First profit target | 8% |
Maximum daily loss | 4% |
Challenge time limit | Unlimited |
News trading | No |
Maximum total drawdown | 10% |
Commission per round lot | $3.5 |
Trust pilot score | 4.6/5 |
Payout frequency | Bi-weekly (can be lowered to 5 days with add-ons) |
Established country | Czech |
Established year | 2014 |
FX2 Funding Prop Advantages & Disadvantages
Every prop firm has its strengths and weaknesses. Here's a balanced look at FX2 Funding:
Pros | Cons |
Up to 95% profit split | High challenge prices compared to other platforms |
Refundable challenge fee | High add-on prices |
Attractive bonuses and discounts | - |
No minimum and maximum trading days | - |
FX2 Funding Prop Firm Account Sizes and Challenge Prices
FX2 Funding offers account sizes up to $200,000. Traders who consistently meet performance targets can increase their capital to $1,000,000. FX2 Funding account sizes:
Funding size | $10k | $25k | $50k | $100k | $200k |
1-step evaluation price | $95 | $195 | $285 | $475 | $925 |
1-step Pro evaluation price | $125 | $235 | $350 | $600 | - |
2-step evaluation price | $80 | $195 | $330 | $550 | - |
FX2 Funding also offers add-ons that could significantly impact traders’ experience, but come at a high cost:
- 5-day payouts: $82
- 95% profit split: $137
FX2 Funding Registration and Verification Guide
Getting started with FX2 Funding is a simple process. Here's how you can complete the FX2 Funding registration:
#1 Navigate to the Sign-Up Section in the FX2 Funding Prop Firm
Head to the FX2 Funding homepage and locate the "Trading" tab on the dashboard. Click it, then hit "Create an Account" to begin.
#2 Fill Out the Required Fields
Provide your first and last name, a valid email, create a unique username, and set a secure password (must include uppercase, lowercase, numbers, and special characters). Input your mobile number and select your country of residence. Agree to the terms of use and click Register to finalize your account.
FX2 Funding Prop Firm Evaluations
FX2 Funding offers 3 evaluation programs to cater to different trader preferences:
FX2 Funding 1-Step Evaluations
The one-step evaluation offers easy access to funded accounts by allowing you to reach a 10% profit target without exceeding the maximum drawdown limit.
Account Size | $10k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 4% | ||||
Maximum overall drawdown | 6% trailing drawdown | ||||
Profit target | 10% | ||||
Maximum leverage | 1:50 | ||||
Profit split | Up to 85% | ||||
Challenge fee | $95 | $195 | $285 | $475 | $925 |
With low minimum daily drawdown and maximum drawdown, traders need to perform strict risk management to overcome these challenges.
FX2 Funding 1-Step Pro Evaluation
The 1-step pro evaluations have fixed drawdowns instead of trailing ones.
Account Size | $10k | $25k | $50k | $100k |
Maximum daily drawdown | 4% | |||
Maximum overall drawdown | 6% fixed drawdown | |||
Profit target | 10% | |||
Maximum leverage | 1:50 | |||
Profit split | Up to 85% | |||
Challenge fee | $125 | $235 | $350 | $600 |
The only important difference between 1-step and 1-step Pro accounts is the fixed drawdown.
FX2 Funding 2-Step Evaluation
The 2-step evaluation offers a more gradual and standard approach to receiving your funded accounts.
Account Size | $10k | $25k | $50k | $100k |
Maximum daily drawdown | 4% | |||
Maximum overall drawdown | 10% | |||
First profit target | 8% | |||
Second profit target | 5% | |||
Maximum leverage | 1:100 | |||
Profit split | Up to 95% | |||
Challenge fee | $80 | $195 | $330 | $550 |
The FX2 Funding 2-step account suits traders who prefer a more gradual approach to funding with flexible conditions.
FX2 Funding Bonuses and Discounts
FX2 Funding offers attractive bonuses and discounts:
- 45% discount: Take advantage of this significant discount on funding programs, making it more affordable to start your journey with FX2 Funding;
- Affiliate program: Earn up to 20% commission on referred traders, creating an additional income stream while helping others discover the platform;
- Refundable fees: Refund your evaluation fees after passing and claiming your payout, making the program risk-free.
These incentives demonstrate FX2 Funding's commitment to supporting traders and fostering a thriving community of successful fund managers.
FX2 Funding Rules
Understanding the FX2 Funding rules is a crucial point to consider before buying your first challenge. Overview of the FX2 Funding trading conditions:
- FX2 welcomes traders from most countries except the United States, Canada, Iran, Russia, and others;
- EAs can be used on MT5 and c Trader, but not for HFT or arbitrage;
- FX2Funding strictly prohibits HFT, arbitrage, and exploit-based bots;
- Hedging across multiple accounts is not permitted; single-account hedging is allowed;
- Arbitrage trading, exploiting price differences across markets, is strictly prohibited;
- Trades executed within 5 minutes before or after high-impact news events are soft breaches.
Are VPN or VPSs allowed in the FX2 Funding?
FX2 doesn't mention whether it's for or against using VPS or VPN. However, it clearly says that it can't offer services to traders residing in the countries below, whether they use or don't use a VPN or VPS. FX2 Funding restricted countries:
- United States of America
- Canada
- Afghanistan
- Central African Republic
- Congo (Brazzaville)
- Congo (Kinshasa)
- Cuba
- Guinea-Bissau
- Iran
- Iraq
- North Korea
- Libya
- Mali
- Russian Federation
- Somalia
- South Sudan
- Sudan
- Syria
- Venezuela
- Yemen
This list is subject to periodic updates, and traders are advised to confirm their eligibility based on the latest information from FX2.
Hedging Conditions
Hedging within a single account is allowed, but using multiple accounts for hedging is not a legitimate trading strategy and is banned.
EAs and Bots Rules and Conditions
The ability to use Expert Advisors (EAs) depends on the FX2 platform you are utilizing. Currently, D Xtrade does not support integration with EAs. However, traders using MT5 or cTrader can implement EAs, provided that these EAs do not engage in high-frequency trading (HFT), arbitrage, or any other illicit activities.
Policies Regarding Arbitrage and Martingale
FX2 Funding bans arbitrage; however, it doesn't provide information about using the Martingale strategy. The platform also banned several other trading strategies:
- High-Frequency Trading (HFT): This involves using algorithms and high-speed networks to place numerous trades within milliseconds to profit from minute market inefficiencies. FX2 forbids HFT due to its unfair market impact;
- Latency Trading: Trading based on delays in market data or taking advantage of execution lags is considered unethical and is prohibited at FX2 Funding;
- One-Sided Betting: Taking positions without proper analysis or strategy leads to increased risks, as it disregards key market indicators. This speculative practice is disallowed;
- Platform/Data Freezing: Using platform glitches or demo server errors to gain an unfair advantage is strictly forbidden;
- Account Sharing or Third-Party Trading: Allowing third parties to access evaluation or funded accounts, or trading on behalf of others, is prohibited.
Can I Trade During News Events?
FX2 allows trading during high-impact news events across all its programs. However, trades made within a 5-minute window before or after a high-impact news event are considered a soft breach. Profits gained in this window will be removed, and losses will be the trader's responsibility.
What Qualifies as a High-Impact News Event?
To identify such events, traders should refer to the ForexFactory calendar, marked with red labels. Restrictions only apply to currencies affected by the news. For instance, high-impact news on the USD will restrict trading on USD-related pairs like EUR/USD, GBP/USD, and XAU/USD.
FX2 Funding Available Trading Platforms
FX2 Funding supports multiple trading platforms to cater to various trader preferences:
MetaTrader 5 (MT5)
MT5 is a sophisticated trading platform, seamlessly blending speed, precision, and advanced analytics to empower traders with unparalleled strategic capabilities in the financial markets. Key features of this platform:
- Advanced chart types and analysis tools
- Wide range of technical indicators
- Mobile trading capabilities
Links:
cTrader
cTrader offers a refined trading experience, integrating cutting-edge technology with intuitive design to provide traders with exceptional control, transparency, and precision in their market strategies. Key features of this platform:
- User-friendly interface
- Advanced order types and risk management features
- Excellent for scalping and algorithmic trading
Links:
DXtrade
DXtrade is a robust trading platform that combines flexibility with innovative customization options. It delivers a tailored experience that meets the unique needs of brokers and traders alike.
- Cloud-based platform
- Customizable interface
- Robust risk management tools
Links:
By offering these diverse platforms, FX2 Funding ensures that traders can use the tools they're most comfortable with to maximize their performance.
What instruments & symbols can I trade on FX2 Funding?
FX2 Funding offers a wide range of tradable instruments to diversify your portfolio:
- Forex: Various currency pairs
- Indices: Popular stock market indices from around the world, including FTSE 100 and S&P 500
- Cryptocurrencies: Bitcoin, Ethereum, and other major digital assets
FX2 Funding Prop Firm Payment and Payout Methods
FX2 Funding offers flexible payment options for both deposits and withdrawals:
Deposits:
- Credit/debit cards
- Cryptocurrencies through Coinbase and Confirmo
Withdrawals:
- Cryptocurrency
- Direct bank transfers via Rise
The minimum payout is 1% of the account balance, and the profit split rises from 75/25 on the first payout to 80/20 in the second and 85/15 in the third payout.
FX2 Funding Prop Commission and Costs
FX2 Funding Partnered with Eightcap broker to provide its services to its customers. Here are the trading fees in FX2 Funding prop firm:
- Spreads: variable from 0.0 pips
- Commissions: $3.5 for each side
FX2 Funding's pricing model is designed to be trader-friendly, allowing you to keep more of your profits while enjoying access to substantial trading capital.
FX2 Funding Educational Resources?
Yes, but they come at a cost. Traders can buy FX2 Funding Trading Fundamentals, Pro Charting and Technique, and Advanced Strategic courses each for $27. They also offer various educational articles for beginner traders.
FX2 Funding Trust Scores and Customer Reviews
FX2 Funding has garnered positive reviews from the trading community on the Trustpilot website.
- rating: 4.6 out of 5 stars
- Number of reviews: Over 360
- 5-star review: over 75%
Key highlights from reviews:
- Fast payouts
- Easy-to-meet requirements
- Responsive customer service
- Transparent trading rules
FX2 Funding Support Channels
FX2 Funding provides customer support through various channels:
- Live chat: Get instant answers to your questions
- Phone support: +1 (516) 548-6471
- WhatsApp: Convenient messaging option for quick inquiries
- Email: support@fx2funding.com
The support team is known for its responsiveness and willingness to assist traders with any issues or questions they may have.
FX2 Funding Social Media Channels
Stay connected with FX2 Funding through their various social media channels:
- YouTube
- Discord
Following FX2 Funding on these platforms can help you stay informed about the latest news, promotions, and educational content.
FX2 Funding Compared to Other Prop Firms
Traders can use the table below to see how FX2 Funding compares to other well-known prop trading firms.
Parameters | FX2 Funding Prop Firm | |||
Minimum Challenge Price | $80 | $15 | $33 | $97 |
Maximum Fund Size | $200,000 | $100,000 | $400,000 | $200,000 |
Evaluation steps | 1-Step, 2-Step | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding | 1-Step, 2-Step |
Profit Share | 95% | 85% | 100% | 80% |
Max Daily Drawdown | 4% | 4% | 7% | 5% |
Max Drawdown | 10% | 8% | 14% | 10% |
First Profit Target | 8% | 8% | 6% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:75 | 1:100 | 1:100 |
Payout Frequency | 5 Days | 10 Days | Weekly | Bi-weekly |
Number of Trading Assets | Not Specified | 400+ | 40+ | 40 |
Trading Platforms | MetaTrader 5, cTrader, DXtrade | Match-Trader, cTrader | MetaTrader 5, Match Trader | MetaTrader 5, cTrader, Dxtrade |
TF Expert Suggestion
FX2 Funding’s 95% profit split and attractive bonuses, including the 45% discount and refundable fees, are why many traders have joined this prop trading platform.
However, the $3.5 commission and high add-on prices ($12 for 5-day payouts) might be a drawback for cost-conscious traders.