SFX Funded has scalable accounts up to $3,200,000. The firm offers various funding methods, including credit/debit cards, cryptos (BTC, ETH, LTC, TRON, MATIC, USDC), and PayPal.
Forex leverage is set at 1:30, commodities at 1:10, and cryptocurrencies at 1:2.
Traders can expect commission fees such as $4 per lot for Forex and commodities, with indices having $0.4 per lot and cryptocurrencies being commission-free.
SFX Funded Prop Firm Company Overview
Founded in 2024 and headquartered in Dubai, UAE, SFX Funded has quickly made a name for itself in the competitive world of prop trading. What sets this prop firm apart is its commitment to providing traders with realistic and achievable goals, coupled with generous profit-sharing arrangements.
SFX Funded Prop Firm Specifications Summary
Let's break down the key specifications of SFX Funded's offerings:
Account Currency | USD |
Minimum Price | $29 |
Maximum Leverage | 1:30 |
Maximum Profit Split | 100% |
Instruments | Forex, Crypto, Commodities, Indices |
Assets | 80 |
Evaluation Steps | 1-step, 2-step, Instant |
Trading Platform | Match Trader |
Withdrawal Methods | Credit/Debit Cards, Crypto, Local Payments |
Maximum Fund Size | $3,200,000 |
First Profit Target | 5% |
Maximum Daily Loss | 4% |
Challenge Time Limit | Variable based on the funding program |
News Trading | YES |
Maximum Total Drawdown | 8% |
Commission | $4 per lot for FX & Commodities |
Trustpilot Score | 4.6 out of 5 |
Payout Frequency | Every 14 days |
Established Country | UAE |
Established Year | 2024 |
SFX Funded Prop Firm Pros & Cons
Like any trading platform, SFX Funded has its strengths and weaknesses. Let's examine them:
Pros | Cons |
Realistic trading objectives | No exclusive educational content |
Scalable account sizes | High challenge price on Instant Funding |
Flexible trading paces | Limited supported languages |
High profit splits up to 100% | No Telegram support |
Despite these minor drawbacks, SFX Funded's unique approach and competitive advantages make it a strong contender in the prop firm industry.
SFX Funded Prop Firm Funding & Price
SFX Funded has revised its funding programs, resulting in 4 distinct plans with different evaluation stages and pricing. The cheapest SFX Funded plan is the Ignite $5K account, which costs $29.
Account Balance | Rapid (1-Step) | Ignite (2-Step) | Ascend (2-Step) | Instant Funding |
$1,250 | - | - | - | $65 |
$2,000 | - | - | - | $90 |
$5,000 | - | $29 | - | $195 |
$7,500 | $55 | - | $79 | - |
$10,000 | - | $59 | - | $395 |
$15,000 | $89 | - | $129 | - |
$20,000 | - | - | - | $795 |
$25,000 | - | $109 | - | - |
$30,000 | $139 | - | $199 | - |
$40,000 | - | - | - | $1680 |
$50,000 | - | $199 | - | - |
$60,000 | $210 | - | $299 | - |
$100,000 | - | $359 | - | - |
$120,000 | $338 | - | $499 | - |
Note: At the time of writing this SFX Funded review, the firm offers default discounts, ranging from 30% to 50% on all challenges. (The prices above are without discounts)
SFX Funded Scaling Program
While the prop firm allows scaling of Rapid, Ascend, and Ignite programs up to $1.25M, the Instant Funding account offers a significantly higher cap at $3.2M.
To scale your SFX Funded account, you have to adher to the following rules:
- The review period is every 3 months;
- 2 out of 3 months must be profitable;
- A cumulative growth of 10% over the course of 3 months is required;
- You must withdraw profits at least 2 times
- Scaling is up to 150% of the starting balance in each step;
- The maximum fund allocation is $1.25M for Ascend, Ignite, and Rapid;
- The maximum fund allocation is $3.2M for Instant Funding;
- The profit share increases to 100% only after reaching the maximum scale size.
SFX Funded Prop Firm Registration & Verification
To start trading with SFX Funded, users must go through a streamlined onboarding process tailored for accessing funded trading challenges. All registrations are processed digitally and comply with KYC regulations. Step-by-step guide to SFX Funded registration:
#1 Visit the Official SFX Funded Website
Navigate to the homepage to explore funding plans with different account sizes and challenge rules.
#2 Select Your Funding Model
Choose the evaluation program that matches your strategy, risk tolerance, and budget.
#3 Fill out the registration form
Provide basic information, including:
- Name
- Country
- Trading platform
#4 Submit payment
Pay the corresponding one-time challenge fee using supported methods (e.g., Bitcoin, Ethereum, Visa, Master Card, PayPal, etc.).
#5 Complete Identity Verification
After passing the challenge phase, to withdraw profits, you'll be required to provide supporting documents, including:
- Proof of ID: Passport or Driver's license
- Proof of Address: Utility bill or Bank statement
SFX Funded Prop Firm Evaluation Steps
SFX Funded offers four funding programs: 1-Step (Rapid), 2-Step (Ignite and Ascend), and Instant plans.
All programs offer scalable account sizes and profit splits based on trading performance, with successful traders potentially earning up to 100% of their profits.
Parameters | Rapid (1-Step) | Ignite (2-Step) | Ascend (2-Step) | Instant Funding |
Trading Period | 7 Days (on evaluation) | 30 Days (each evaluation step) | Unlimited | Unlimited |
Max Daily Loss | 3% | 3% | 4% | 4% |
Max Drawdown | 4% | 8% | 8% | 7% |
Profit Target | 5% | 7% / 6% | 8% / 5% | None |
Leverage | 1:30 | 1:30 | 1:30 | 1:30 |
Payout Frequency | Bi-Weekly | Bi-Weekly | Bi-Weekly | Bi-Weekly |
Profit Split | Up to 100% | Up to 100% | Up to 100% | Up to 100% |
SFX Funded Profit Share
While the maximum profit split is 100%, it's only reachable through the prop firm's scaling program. SFX Funded starting profit share percentage:
- Rapid and Ascend: 80%
- Ignite: 75%
- Instant: 60%
SFX Funded On-Demand Payout
Ignite, Ascend, and Rapid Funded traders can request payment on demand for their first withdrawal. This allows for the first payout only after 3 trading days with the following conditions:
- Minimum profit of 3% is required;
- The profit split is 40%.
SFX Funded Challenge Time Limit
While the Ascend and Instant Funding programs have no time limit, the Rapid and Ignite programs have maximum durations of 7 days and 30 days, respectively.
Note that the time limit applies only to evaluation stages, and the figures mentioned are per step.
SFX Funded Prop Firm Bonuses and Discounts
At the time of writing this SFX Funded review, there is a default discount of 30% to 50% applied to all challenges. The firm also focuses on alternative incentives, such as a 15% commission-based affiliate program.
This affiliate program allows traders to earn a commission by referring new clients to the firm. Although it lacks the traditional bonuses that might reduce upfront costs for evaluations, this commission structure can create a steady income stream for those willing to promote the firm.
SFX Funded Trading Rules
The firm enforces strict policies on VPN use, hedging, Expert Advisors, and trading strategies to ensure fairness and transparency.
Violations of the SFX Funded rules may lead to disqualification or account restrictions, maintaining the integrity of trader evaluations based on individual skills.
- VPNs and VPSs are prohibited to maintain location compliance and secure trade monitoring;
- Group hedging is banned to ensure fair evaluation of individual trader performance;
- Only self-developed EAs are allowed (No third-party and exploitative EAs);
- Martingale and arbitrage strategies are forbidden as they manipulate market conditions and risk management;
- News trading is restricted; no trades are allowed within 2 minutes before/after major news events.
SFX Funded Policy on VPN Usage
The use of VPNs (Virtual Private Networks) or VPSs (Virtual Private Servers) is strictly prohibited on all SFX Funded accounts. This policy ensures the integrity and security of trading operations.
A breach may result in immediate disqualification, permanent suspension, or loss of eligibility for future funded accounts.
If you are traveling and plan to use the platform, please notify the support team in advance of any IP address changes.
Hedging
Hedging and Group Hedging trades are not permitted in any SFX Funded accounts.
Group hedging occurs when multiple traders coordinate to hedge their positions across different accounts.
This tactic creates an unfair advantage by circumventing system rules and skews the true assessment of individual traders’ skills.
Expert Advisor (EA) Usage on SFX Funded
While Expert Advisors (EAs) are permitted as trade or risk managers, the use of third-party EAs is strictly prohibited.
Also, certain EAs that exploit specific market conditions are prohibited, such as
- Market Rollover Scalping EAs: These manipulate market conditions during rollover periods;
- News Scalping EAs: EAs that use rapid scalping techniques during major news events are not allowed;
- EAs Without Source Code Ownership: You must own the source code of the EAs used for transparency and integrity.
Martingale and Arbitrage Strategies
Both Martingale and Arbitrage strategies are strictly prohibited. Martingale involves adding more positions when the price moves against the initial trade, with the aim of recovering losses when the price returns to the entry point.
Arbitrage involves exploiting price discrepancies for the same or similar assets across different exchanges. This practice is illegal and manipulative.
News Trading
News trading is permitted during the challenge phase, but it comes with strict restrictions. You cannot open or close trades within 2 minutes before or after any major news release, especially those categorized as "red-folder" events.
In case of violation, you'll get up to 2 warnings on Rapid accounts, and a single warning on Instant Funding accounts. If you repeat, you'll be disqualified.
There will be no compensation for trades executed during restricted news trading windows. Therefore, risk management is critical to avoid breaches of loss limits.
You can use TradingFinder's Economic Calendar to keep track of major economic news.
SFX Funded Prop Firm Trading Platforms
SFX Funded Prop Firm uses Match Trader as its primary trading platform, offering traders a range of features:
- Robust and user-friendly interface
- Advanced charting tools
- Customizable layouts
- Real-time market data
- Seamless integration with various instruments (Forex, Commodities, Indices, Cryptocurrencies)
- Efficient strategy execution and position management
- Competitive features and reliable performance
While not as widely known as MetaTrader, Match Trader offers competitive features and reliable performance, making it a solid choice for SFX Funded’s traders.
What Instruments & Symbols Can I Trade on SFX Funded Prop Firm?
SFX-funded prop firms offer the following tradable instruments:
- Forex (FX)
- Commodities
- Indices
- Cryptocurrencies
This setup provides competitive pricing and flexible leverage for traders.
SFX Funded Prop Firm Payment Methods
SFX Funded supports various payment methods for deposits and withdrawals:
Region | Payment Methods |
Global | Credit/Debit Cards (Visa, Mastercard with 3D Secure), Cryptos (BTC, ETH, LTC, TRON, MATIC, USDC), PayPal |
South Africa | Card, EFT, Snapscan, Masterpass |
Rwanda | MTN, Airtel, All Banks |
Kenya | Card, M-PESA |
Ghana | Momo, Bank Transfer |
Nigeria | Card, Bank Transfer |
SFX Funded Prop Firm Commission & Costs
SFX Funded maintains a transparent fee structure:
Instrument | Leverage | Spreads | Commission |
Forex (FX) | 1:30 | Raw spreads | $4 per lot |
Commodities | 1:10 | Raw spreads | $4 per lot |
Indices | 1:10 | - | $0.4 per lot |
Cryptocurrencies | 1:2 | - | free |
It's important to note that while there are commission fees, the high profit splits (up to 100%) can offset these costs for successful traders.
Does SFX Funded Prop Firm Offer Vast Educational Resources?
SFX Funded Prop Firm offers limited educational resources but provides valuable learning opportunities through its simulated funded accounts. These accounts allow traders to practice and improve their skills in a real-world setting.
The firm also fosters a supportive community focused on growth and education, encouraging traders to share unique trading strategies and systems. This collaboration helps SFX enhance its research and development of proprietary trading strategies, benefiting all traders on the platform.
You can check TradingFinder's Forex education section for free and comprehensive learning materials.
SFX Funded Prop Firm Trust Score on Trustpilot
The SFX Funded Trustpilot profile holds an excellent 4.6 out of 5 rating based on 101 comments, showcasing high levels of customer trust and satisfaction. Here is an abstract of what users say about the firm:
- Positive Review example: "Great experience with SFX Funded! Their 1-step evaluation is straightforward, and the profit-sharing is fantastic. Highly recommend!";
- Negative Review example: "The funding options are good, but they could improve their educational resources. Also, it took longer than expected to get a response to my support ticket.".
SFX Funded Prop Firm Customer Support
SFX Funded Prop Firm offers multiple customer support channels:
- Join the Discord community: https://discord.gg/x5SecZyTRV
- Email: support@sfxfunded.com
- Submit a support ticket through the website
The firm aims to respond within 3 working days and recommends using one method for efficient handling. While they don't offer phone support, the available channels seem to adequately address most trader needs.
SFX Funded Prop Firm Social Media Channels
SFX Funded Prop Firm's social media channels include:
- Discord server
Following these channels can provide traders with additional insights and keep them updated on the latest developments at SFX Funded.
SFX Funded Comparison Table
Let's compare SFX Funded's services with the top prop firms in the market:
Parameters | SFX Funded Prop Firm | Breakout Prop Firm | BrightFunded Prop Firm | Crypto Fund Trader Prop Firm |
Minimum Challenge Price | $29 | $50 | €55 | $55 |
Maximum Fund Size | $3,200,000 | $2,000,000 | Infinite | $200,000 |
Evaluation steps | 1-step, 2-step, Instant | 1-Step, 2-Step | 2-Step | 1-phase, 2-phase |
Profit Share | Up to 100% | 90% | 100% | 80% |
Max Daily Drawdown | 4% | 4% | 5% | 4% |
Max Drawdown | 8% | 6% | 8% | 6% |
First Profit Target | 5% | 5% | 10% | 8% |
Challenge Time Limit | Variable based on the funding program | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:30 | 1:5 | 1:100 | 1:100 |
Payout Frequency | 14 Days | Bi-weekly | 14 Days | 2 Times a Month |
Number of Trading Assets | 80 | 100+ | 150+ | 200+ |
Trading Platforms | Match Trader | Proprietary platform | cTrader, DXTrade | Metatrader 5, CFT Platform, Crypto Futures |
Expert Suggestions
SFX Funded’s high-profit splits, instant funding, lack of time limits for challenges, and lack of additional cryptocurrency commissions make SFX Funded a strong choice.
The profit target ranges from 5% to 8%, with a maximum daily loss of 3-4% and a maximum total drawdown of 4-8%.
Traders can benefit from scalable account sizes, competitive commissions, and fast payouts every 14 days.