Limitless Funding provides 1-phase, 2-phase, and 3-phase evaluations to test skilled Forex traders and give them funded accounts with sizes ranging from $5k to $200k.
The platform has intriguing offers such as 20% retry discount, $1,000 extra profit for gaining at least 3% for 3 consecutive months, and up to 15% commission for referring new clients.
Limitless Funding prop firm company overview
Limitless Funding is a proprietary trading firm that offers traders the chance to prove their skills and gain access to trading capital. Here's what you need to know about this emerging player in the prop trading space:
- Founding location: New York
- Launch Year: 2023
- Founder: Robert Basilin
- Funding capital: From $5,000 to $200,000
- Challenge prices: From $42 to $1,198
Limitless Funding Summary Specifications
Limitless Funding offers a range of features designed to attract traders of all levels. Here's a detailed look at what the prop firm brings to the table:
Account currency | USD |
Minimum price | $42 |
Maximum leverage | 1:30 |
Maximum profit split | 90% |
Instruments | Forex, cryptocurrencies, indices, commodities, Equity share, metals |
Assets | EUR/USD, Ethereum, FTSE 100, Gold |
Evaluation steps | 3 |
Trading platforms | MT4, MT5, cTrader, DX trade, MTR |
Withdrawal methods | Bank transfer, crypto, stored-value Limitless Funding card (coming soon) |
Maximum fund size | $200,000 |
First profit target | 10% |
Maximum daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 8% |
Commission per round lot | $3.5 |
Trust pilot score | 4.2/5 |
Payout frequency | Monthly |
Established country | USA |
Established year | 2023 |
Limitless Funding Benefits & Drawbacks
Before diving into Limitless Funding, it's essential to weigh the advantages and disadvantages:
Pros | Cons |
Competitive profit split of up to 90% for traders | Relatively new firm with limited a operating history |
Three different evaluation phases to suit various trader skill levels | Low maximum drawdown of 8% |
Refundable challenge fees, retry discounts, and monthly bonuses | Lower maximum capital compared to other platforms |
Lower challenge prices compared to other prop firms |
Limitless Funding Funding Plans & Prices
Limitless Funding offers a range of evaluation plans with varying funding amounts and fees. Here are the challenge prices for 1-phase, 2-phase, and 3-phase plans:
Funding size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
1-phase evaluation price | $53 | $65 | $158 | $298 | $598 | $1198 |
2-phase evaluation price | $58 | $98 | $209 | $289 | $439 | $829 |
3-phase evaluation price | $42 | $67 | $154 | $212 | $332 | $652 |
The pricing structure allows traders to choose an evaluation plan that best fits their capital requirements and risk tolerance. Itās worth noting that Limitless Funding also provides a chance for traders to scale up to $2,250,000 trading capital.
Registration and Verification Process in Limitless Funding
Registering and getting verified with Limitless Funding is a straightforward process:
- Enter the Limitless Funding website and click on āGet funded;ā
- Enter your personal and address information;
- Choose your preferred challenge;
- Pay the evaluation fee;
- Reach the profit target without exceeding the maximum total drawdown and maximum daily drawdown;
- Start trading and aim to meet the profit targets;
- Verify your account by providing proof of ID (driverās license, passport, national ID) and proof of address (Utility bill, bank statement).
Limitless Funding Evaluation Plans
Limitless Funding offers three evaluation paths to suit different trading styles and experience levels:
1-Phase Evaluation:
Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
Maximum daily drawdown | 5% | |||||
Maximum overall drawdown | 6% | |||||
Profit target | 10% | |||||
Profit split | Up to 90% | |||||
Minimum/maximum trading days | No | |||||
Minimum challenge fee | $53 | $65 | $158 | $298 | $598 | $1198 |
This evaluation is perfect for traders looking for the fastest route to become a funded trader.
2-Phase Evaluation:
Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
Maximum daily drawdown | 4% | |||||
Maximum overall drawdown | 8% | |||||
Profit target phase 1 | 10% | |||||
Profit target phase 2 | 5% | |||||
Profit split | Up to 90% | |||||
Minimum/maximum trading days | No | |||||
Minimum challenge fee | $58 | $98 | $209 | $289 | $439 | $829 |
This account type is designed for traders who can gain consistent results and are looking for a more gradual approach to becoming a funded trader.
3-Phase Evaluation:
Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
Maximum daily drawdown | No | |||||
Maximum overall drawdown | 5% | |||||
Profit target phase 1 | 5% | |||||
Profit target phase 2 | 5% | |||||
Profit target phase 3 | 5% | |||||
Profit split | Up to 90% | |||||
Minimum/maximum trading days | No | |||||
Minimum challenge fee | $42 | $67 | $154 | $212 | $332 | $652 |
It is also worth mentioning that traders need to pay 10% and 20% extra fees for holding positions over the weekend and increasing the profit split to 90%.
Bonuses and Discounts in Limitless Funding Prop
Limitless Funding offers several incentives to attract and retain traders:
- Retry Discount: 20% off the re-registration fee if you violate any rules and need to restart the program.
- Monthly Bonus: Earn up to $1,000 per month if you achieve a minimum 3% gain for 3 consecutive months on your funded account.
- Refundable Fee: The initial registration fee is fully refundable once you start trading on the live funded account.
- Affiliate Program: Earn up to 15% commission for referring over 50 clients to Limitless Funding (20% commission with Limitless Funding V2.0)
These bonuses and discounts provide additional value and support for traders throughout their journey with Limitless Funding.
Available Instruments & Symbols on Limitless Funding Prop
Limitless Funding offers a diverse range of tradable instruments, including:
- Forex: Major, minor, and exotic currency pairs
- Indices: Global stock market indices, including S&P500, FTSE 100, and DAX
- Metals: Precious metals like gold and silver
- Equity shares: CFDs on individual company stocks
- Cryptocurrencies: Popular digital currencies
Payment Methods in Limitless Funding Prop Firm
Limitless Funding offers several payment options for deposits and withdrawals:
Deposits:
- Credit/Debit Cards (Visa, MasterCard)
- Coinbase Commerce
- Paypal
Withdrawal:
- Bank Transfer
- Cryptocurrency
- Stored-Value Limitless Funding Card (Coming Soon)
Key points about payments:
- First payout available from day 1 of funded trading
- Monthly payout requests for subsequent withdrawals
- No hidden fees or commissions on deposits and withdrawals
The upcoming Stored-Value card promises to streamline the payout process, offering traders quick access to their earnings.
Limitless Funding Trading Fees
Limitless Funding aims to provide competitive trading conditions by allowing traders to use ThinkMarkets broker:
- $3.5 per side commission on Forex and equity CFD trades
- Low spreads on major currency pairs and popular instruments
- No hidden fees or additional charges
The commission structure is designed to be transparent and trader-friendly, allowing for more accurate calculation of trading costs and potential profits.
Limitless Funding Educational Resources Overview
Unfortunately, Limitless Funding does not offer extensive proprietary educational resources. The firm focuses primarily on providing funded trading opportunities rather than comprehensive trader education.
However, traders can access some educational content through Limitless Funding's broker partner, ThinkMarkets, which offers:
- Trading articles
- Market analysis blogs
- Educational videos
Limitless Funding User Reviews and Trust Scores
Limitless Funding has garnered generally positive reviews on Trustpilot:
- Overall rating: 4.2 out of 5 stars
- 5-star reviews: 88%
- Total number of reviews: over 25
While the reviews are positive, Limitless Funding doesnāt answer negative reviews and feedback.
Limitless Funding Prop Support Channels
Limitless Funding offers multiple channels for customer support:
- Email: Reach out to customer.support@limitlessfunding.io for assistance.
- Social Media: Connect with the team on social media platforms like X (Twitter) and Instagram.
The lack of offering live chat could be a downside since traders need to wait for the team to get online and provide help.
Limitless Funding Prop Firm Socials
Limitless Funding has various accounts on social media platforms:
- Facebook: https://www.facebook.com/people/Limitless-Funding/100095334393607/
- YouTube: https://www.youtube.com/@Limitless.Funding
- Instagram: https://www.instagram.com/limitless_funding
Unfortunately, Limitless Fundingās social media accounts doesnāt seem to be active since the last posts on Instagram and YouTube date back to 1 year ago
TF Expert Suggestion
The 10% profit target, 5% daily loss, and 8% maximum loss limit on Limitless Funding challenges require traders to perform strict risk management techniques to pass their evaluation.
Remember, Limitless Funding has $3.5 commission and monthly payout policies which could be a disadvantage for many traders.
