Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
RaiseMyFunds offers a clear 2-step evaluation process and bi-weekly payouts that many traders might appreciate.
The firm has a Trustpilot score with a rating of 4.1/5, Though the lack of precise working hours for the support team and limited educational resources could be an issue for newer traders.
RaiseMyFunds is a South African prop firm offering a range of attractive features such as a 1;100 leverage, access to MetaTrader 5, and news trading.
Traders benefit from no commissions per round lot, and the evaluation process provides unlimited trading time to reach profit targets.
RaiseMyFunds review: Benefits & drawbacks and important specifics
Company Specifics Overview
RaiseMyFunds is an new player in the prop trading industry, founded in 2024 and based in South Africa. What sets this firm apart from the other prop firms is its regulation by the Financial Sector Conduct Authority (FSCA) under the license number 50506, providing traders with a sense of security and trust. Company Main Specifics:
Office located at Portside Building, 4 Bree street, 8000 Cape Town, South Africa
Rewarded for the best trading conditions by International Business Magazine and best customer services by World Business Outlook in 2023
RaiseMyFunds Features and Specifics
Let's take an overall look at the key features offered by the prop firm with its services:
To give you a balanced view and a fair perspective, let's examine the pros and cons of trading with RaiseMyFunds:
Strengths
Weaknesses
FSCA Regulation Provides Security
Relatively New Firm (Founded In 2024)
A High Maximum Profit Split of Up to 90%
Relatively High Minimum Initial Price
An Extensive Range of +500 Trading Assets
Strict Evaluation Rules
Scaling Opportunities Up To $1 Million
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Funding Levels and Initial Fees for Plans
RaiseMyFunds offers a range of account sizes with different prices to suit various budgets. In the table below, we will review these options with corresponding fees:
Funding
Price
$10,000
€135
$25,000
€225
$50,000
€315
$100,000
€499
$200,000
€990
The minimum price ($10,000 account) is relatively high compared to the average in the industry. Each fee is a one-time cost and covers all platform access and trading services throughout the evaluation.
Notably, RaiseMyFunds pledges a full refund of the registration fee upon a trader’s first successful “Scale-Up” or profit withdrawal. The firm emphasizes transparency by ensuring that no additional or recurring costs are imposed on traders.
Registration and Verification on RaiseMyFunds
Signing up with Raise My Funds is a quick and frictionless process, tailored for traders eager to join the prop trading environment. With just two simple steps, users can unlock access to the platform and start exploring funded challenge opportunities.
No email verification or payment is required at this stage of the RaiseMyFunds registration; only your core personal details are needed.
#1 Start the Registration
Begin by visiting the official Raise My Funds website and clicking on “Start Now” or “Open an Account”. This directs you to the registration page, where the setup begins.
#2 Complete the Sign Up Form
Enter your personal details, including:
First and last name
Phone number
Country of residence
Strong password
Enter your email address and phone number to register with Raise My Funds
Once submitted, your account is created instantly, granting direct access to the RaiseMyFunds dashboard without requiring any email confirmation.
The prop firm ensures a seamless onboarding experience, making it easy to get started with their prop trading challenges right after sign-up.
#3 Raise My Funds Verification
Now, you can buy your challenge and proceed with the evaluation phase. Upon passing the challenge, you'll be required to complete the KYC procedure by providing supporting documents:
Proof of ID: Passport or Driving license
Proof of Address: Resident permit, Bank statement
Evaluation Programs: Phases and Rules
RaiseMyFunds applies a 2-step challenge model to assess trader discipline and profitability:
Step 1 (The Challenge): Traders must reach a 10% profit target while respecting a 5% daily loss limit and a 10% maximum drawdown;
Step 2 (The Confirmation): A 5% profit target under the same risk parameters confirms trading consistency.
Only after passing both steps does a trader receive a funded account.
Leverage
1:100
Trading Period
No Limits
Min. Trading Days
N/A
Max. Daily Loss
5%
Max. Total Drawdown
10%
Profit Target (1st Step – 2nd Step)
10%-5%
Profit Split
70% (Up to 90%)
In the screenshot below, the rules for every account size with the corresponding price is shown:
Evaluation rules for every account size and initial fee in RaiseMyFunds
The lack of various programs might be a drawback for some traders. Also, the rules are not easy at all, especially for those with less experience. However, trustworthy firms typically set more difficult evaluation rules.
RaiseMyFunds provides funding accounts ranging from $10,000 to $200,000 in its standard challenge structure.
Traders who perform consistently are eligible for capital increases through the firm’s built-in scaling plan, which allows account growth up to a maximum allocation of $1,000,000.
The scalable funding structure enables traders to gradually unlock higher capital tiers without purchasing a new challenge once funded.
Raise My Funds Profit Split
Traders with RaiseMyFunds start with a 70% profit split once funded. This rate can increase to as much as 90% through consistent performance or milestone-based account scaling.
The firm rewards trading consistency by allowing progressive increases in payout percentages as traders demonstrate profitability and low-risk behavior.
Challenge Time Limit
RaiseMyFunds imposes no time limit for completing either phase of the evaluation process, giving traders full flexibility to trade at their own pace.
There is also no minimum trading day limit; you can get to the next stage by reaching the profit target at any time.
Available Bonuses and Promotions Review
We investigated the website and official sources for bonuses, and as of the latest information available, RaiseMyFunds does not offer any specific promotions. However, there might be discount codes on some third-party websites, and you should check them out for yourself.
RaiseMyFunds Rules
RaiseMyFunds offers unique trading opportunities with specific guidelines, including restrictions on VPN use, hedging, Expert Advisors, and news trading, ensuring compliance with industry standards for funded accounts.
HFT and arbitrage strategies are prohibited;
Caution is advised due to market volatility during economic events;
No specific rules are mentioned about VPN usage, Hedging, and Expert Advisors (EAs).
VPN Usage
There are currently no specific rules outlined regarding the use of VPNs. However, it is essential to note that any alterations in your geographical location through VPN usage might require clarification.
Hedging on RaiseMyFunds
No explicit restrictions or guidelines are provided concerning hedging activities. Traders should ensure that their approach aligns with general platform policies.
Expert Advisors (EA)
The prop firm does not specify any rules related to the use of Expert Advisors (EA) during trading. Nonetheless, it is always recommended to check with the RaiseMyFunds support team before using EAs.
Martingale and Arbitrage Strategies
All High-Frequency Trading (HFT) and arbitrage strategies are strictly prohibited across all accounts.
Upon joining RaiseMyFunds and obtaining a funded account, the trader’s activities will be managed on a real server, thus adhering to the requirements imposed by liquidity providers.
Traders should avoid these strategies to ensure compliance with platform policies.
RaiseMyFunds doesn't allow high-frequency trading
News Trading on RaiseMyFunds
Economic news can present valuable trading opportunities, but it is crucial to trade carefully during such times.
Economic reports, central bank policy announcements, and political developments can lead to significant market fluctuations, often making such trades highly speculative and risky.
It is advisable to proceed with caution during these volatile periods. You can use an Economic Calendar to track high-impact news events.
Trading Platforms on RaiseMyFunds
Some prop firms offer access to MetaTrader platforms for their services, but most of them do not own the license. RaiseMyFunds provides MT5 with its own license. Key Features:
A vast range of charting tools and MT5 indicators
Support for various trading strategies (scalping, day trading, swing trading)
Expert Advisors (EAs) and custom indicators included
The platform is officially licensed, ensuring a secure and regulated trading environment throughout all phases.
TradingFinder has developed a wide range of MT5 indicators that you can access for free.
Tradable Instruments
RaiseMyFunds provides funding through trading a vast range of symbols and assets, from the Forex market to Crypto, catering to various trading preferences:
Forex
Indices
Commodities
Stocks
Cryptocurrencies
Overall, over 500 assets are available for traders. Unfortunately, no further information about the exact trading pairs are provided on the official website.
Methods to Pay and Get Paid on RaiseMyFunds
The prop firm offers typical payment options similar to most competitors in the industry. These methods include:
The mentioned firm attempts to provide a transparent fee structure. The company states that there "no additional or hidden fees" other than the initial price for challenges. Also, it claims to provide trading with the lowest spreads, but does not reveal any exact amount.
Education Materials
Educational resources are provided by some financial firms to help traders learn and improve.
RaiseMyFunds provides few educational resources, which are available through their FAQ section. This page covers common questions about the evaluation process, trading rules, scaling opportunities, etc.
Check TradingFinder's Forex education section for additional learning materials.
The FAQ section in RaiseMyFunds with common questions
Trust Scores and Traders' Reviews of RaiseMyFunds
These scores and ratings are usually submitted on platforms such as Trustpilot and REVIEWS.io. The RaiseMyFunds Trustpilot profile has received generally positive reviews on the former, with an overall rating of 4.1/5. In this section, we will briefly investigate these scores:
Based on 300+ ratings
More than 60% of reviews are 5-star
About 25% of scores are 1-star
The company replied to 85%+ of negative reviews
The firm asks for reviews regardless of whether they are negative or positive
The traders have given positive scores to RaiseMyFunds on the Trustpilot
Customer Services: Contact Channels and Working Schedule
Support is one of the most essential factors when choosing a financial firm. RaiseMyFunds offers 3 channels for customer services:
Ticket System: Accessible on the website
Email: Via support@raisemyfunds.co
Phone Call: +44 330 818 2329
Per our investigations on the website, there's no information available regarding the support team's working hours. This lack of data is a drawback for the firm's website.
RaiseMyFunds' Presence on Social Media
The company maintains social accounts on major platforms for posting updates and information about the firm:
Also, sometimes you will be able to find discount codes on Instagram and other mentioned pages of the firm. Therefore, it could be beneficial to occasionally check them out.
RaiseMyFunds vs Other Prop Firms
Let's check the prop firm's features and services in comparison with other platforms:
In conclusion, RaiseMyFunds is an FSCA-regulated prop firm that offers competitive features, such as a scaling program up to $1,000,000 and a profit split of up to 90%.
However, the firm’s high initial fees, starting at €135 for a $10,000 account, and strict evaluation rules (including a 10% profit target in the first step) could be a barrier for some traders.
FAQs
Is RaiseMyFunds regulated?
Yes, the prop firm is regulated by the FSCA in South Africa.
What's the maximum funding available on RaiseMyFunds prop firm?
Traders can access up to $200,000 in funding, with potential to scale to $1 million.
What trading platform does RaiseMyFunds use?
This company provides access to the MetaTrader 5 (MT5) platform.
What is the evaluation process at RaiseMyFunds?
RaiseMyFunds uses a 2-phase evaluation model. In phase one, traders must hit a 10% profit target within a 5% daily and 10% overall drawdown. Phase two requires a 5% profit under the same limits.
Are there time limits to complete the RaiseMyFunds challenges?
No, RaiseMyFunds offers unlimited time for both evaluation steps, enabling traders to perform without pressure or deadlines.
What is the minimum cost to join RaiseMyFunds?
The minimum fee is €135 for a $10,000 challenge. Higher funding levels require larger one-time payments, with no recurring fees.
Does RaiseMyFunds refund the challenge fee?
Yes, the challenge fee is fully refundable upon the first successful profit withdrawal or scale-up, promoting commitment from serious traders.
What profit split does RaiseMyFunds offer?
Funded traders begin with a 70% profit share, which can grow to 90% based on performance and milestone achievements.
What instruments can be traded with RaiseMyFunds?
Traders can access over 500 assets, including forex, commodities, indices, stocks, and cryptocurrencies, providing broad diversification.
Is news trading allowed on RaiseMyFunds?
Yes, news trading is permitted, but traders are advised to exercise caution due to the risks of volatility during economic releases.
Are Expert Advisors (EAs) allowed in trading accounts?
Although no formal policy is outlined, EAs are not restricted. However, traders should consult support before usage to avoid compliance issues.
Can I hedge positions on RaiseMyFunds?
Hedging is not explicitly restricted, but traders are advised to stay within standard trading policy boundaries and avoid inter-account hedging.
Is there any information on VPN or VPS usage?
RaiseMyFunds provides no formal rules on VPN/VPS usage, but irregular location changes may raise security flags, so clarity is recommended.
What strategies are prohibited at RaiseMyFunds?
High-Frequency Trading (HFT) and arbitrage are strictly banned, as they conflict with liquidity provider policies.
How often are payouts processed by RaiseMyFunds?
Traders receive bi-weekly payouts upon request, allowing for regular and predictable withdrawals after hitting profit milestones.
What payment methods are supported by RaiseMyFunds?
Supported options include crypto, bank transfer, credit/debit cards, and e-payment systems like Apple Pay and Google Pay.
Does RaiseMyFunds offer educational content?
The firm provides limited education via its FAQ section.