Sway Funded evaluates traders in 3 different models [Rapid, Regular, No Consistency] and charges a $7 per lot commission for Forex trading pairs.
The challenges start with a minimum price of $10 on this prop firm.
Sway Funded Company Overview
This prop firm, under the legal name Sway Funded LTD, is officially registered in Saint Lucia under the registration number 2024-00342.
Based on our chats with the support team, this company was founded in early 2024. Interestingly, this firm has recently acquired "MyFlashFunding", another prop trading company.
Sway Funded Summary of Specifics
Similar to the reviews of other prop firms, in this section we provide a summary of what the firm offers:
Account Currency | USD |
Minimum Price | $10 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 90% |
Instruments | Forex, Stocks, Commodities, Indies, Crypto |
Assets | N/A |
Evaluation Steps | 1-Step, 2-Step, 3-Step |
Withdrawal Methods | Crypto, Bank Transfers |
Maximum Fund Size | $200K |
First Profit Target | 15% on Rapid, 10% on Regular and No Consistency |
Max. Daily Loss | 5% (10% with Addon) |
Challenge Time Limit | Unlimited |
News Trading | Restricted |
Maximum Total Drawdown | 10% (20% with Addon) |
Trading Platforms | Sway Charts/Sway Charts Pro, Liquid Charts/Liquid Charts Pro |
Commission Per Round Lot | 0.035% for Crypto Spot Trades, 0.04% for Crypto Perpetual Orders, $7 for All Other Instruments |
Trustpilot Score | 4.2 |
Payout Frequency | N/A |
Established Country | St. Lucia |
Established Year | 2024 |
Major Benefits and Notable Drawbacks
Like any trading platform, Sway Funded has its strengths and weaknesses. Table of Advantages and Disadvantages:
Benefits | Drawbacks |
Refundable Signup Fees | Strict Trading Rules |
Attractive Profit Split | Relatively Low Funding |
Very Low Minimum Price | - |
Flexible Account Sizes | - |
Account Sizes and Prices
Sway Funded offers a wide range of various funding options ranging from $1,000 to $200K. Look at the table below for each account:
Account Size | "Rapid" Price | "Regular" Price | "No Consistency" Price |
$1K | $15 | $10 | $12 |
$2.5K | $38 | $25 | $30 |
$5K | $74 | $49 | $59 |
$10K | $149 | $99 | $119 |
$25K | $374 | $249 | $299 |
$50K | $524 | $349 | $419 |
$100K | $824 | $549 | $659 |
$150K | $1124 | $749 | $899 |
$200K | $1484 | $989 | $1187 |
Account Creation and Verification Explained
Signing up with Sway Funded is a simple job to do. We will go through the process below:
- Visit the prop firm's website and click "Sign Up";
- Click on "Don't have an account?";
- Fill in your email address, legal name, and country;
- Create a username and a password;
- Accept the terms and conditions;
- Click on the link sent to your email's inbox to verify.
After completing these steps, your account will be created on the company's website. For KYC verification, you must provide identity documents, perform a liveness check, answer some questions, and verify your phone number.
Evaluation Stages and Challenge Rules in Sway Funded Prop Firm
Sway Funded offers three challenge types [Rapid, Regular, No Consistency] in 1-step, 2-step, and 3-step evaluation models. "Rapid" Rules:
Steps | Phase 1 |
Profit Target | 15% (30% with Unlimited Days) |
Max. Daily Loss | 5%/10% |
Max. Total Drawdown | 10%/20% |
Regular Model Specifics:
Steps | Assessment | Confirmation |
Profit Target | 10% (20% with Unlimited Days) | 8% (16% with Unlimited Days) |
Max. Daily Loss | 5%/10% | |
Max. Total Drawdown | 10%/20% | |
No Consistency Accounts Rules:
Steps | Phase 1 | Phase 2 | Phase 3 |
Profit Target | 10% (20% with Unlimited Days) | 8% (16% with Unlimited Days) | |
Max. Daily Loss | 5%/10% | ||
Max. Total Drawdown | 10%/20% | ||
All the accounts on the firm come with access to leverage of up to 1:100 and a minimum trading period of 4 days.
Available Bonuses and Promotions
Actually, Sway Funded does not provide any specific promotions to the traders. However, you can find promo codes on third-party sources. We have listed one here:
- NEWYEAR20 - 20% OFF all accounts
Tradable Financial Instruments on Sway Funded
The mentioned prop firm offers a diverse range of tradable assets in 5 markets in its 4 trading platforms:
- Forex: Major, crosses, and exotic currency pairs
- Commodities: Precious metals (gold, silver), energy products (Crude oil, natural gas), and agricultural products
- Cryptocurrencies: Bitcoin, Cardano, Ethereum, Litecoin, and more
- Shares: Access to major global companies
- Indices: Major global stock indices
Which Options Are Available for Deposits and Withdrawals?
Sway Funded offers 3 main payment options in total for funding and payouts.
Deposits:
- Credit/Debit Cards: Visa & Mastercard
- Cryptocurrencies: Digital asset transactions
Withdrawals:
- Bank Wire: International transfers between bank accounts
- Crypto Payments
Commissions and Trading Fees on Sway Funded
Based on our investigations on the official sources, the commission structure on this prop firm is as follows:
- Crypto Spot: 0.035% commission
- Crypto Perpetual: 0.04% commission
- All Other Instruments: $7 per lot
- Spreads: Starting from 0.0 pips
Furthermore, a 1.5% fee is charged by the company on payouts requested by traders.
You can use a crypto profit calculator to calculate a position's outcome considering its related commissions.
What Trust Scores and Reviews Has Sway Funded Received?
This company has garnered positive reviews across 2 reliable sources [Trustpilot, ScamAdviser]. Let's have an overview of these ratings:
- Trustpilot: 4.2/5 stars based on 720+ ratings
- ScamAdviser: 100/100 Trustscore in addition to a 4.2/5 based on 700+ user reviews
Customer Support Contact Channels and Schedule
Sway Funded provides 2 channels for customer support:
- Live Chat: Accessible through the firm's website
- Ticket System: On the Contact page in the official site
Based on the data provided by the company, the support agents are available 24/7.
Sway Funded Social Media Channels
This prop firm posts insights, updates, and other data via 3 accounts on social media platforms, which are listed below:
Expert Suggestions
Sway Funded provides a 80% profit split, which is upgradable to 90% through buying an addon. This company with a 4.2/5 score on "Trustpilot" charges a 1.5% fee on all payouts. ScamAdviser has given a 100/100 Trustscore to the firm's website.