Syndicate Funded is a well-known prop trading firm founded in 2021. This platform allows professional traders to pass their 1-step or 2-step challenges and become a funded trader. Syndicate Funded offers various account sizes ranging from $5k to $200k.
This comprehensive Syndicate Funded review delves into the intricacies of this platform’s offerings, exploring everything from its evaluation process to the profit-sharing model.
Syndicate Funded Company Information
Syndicate Funded is a Dubai-based prop trading firm that has quickly gained attention for its unique offerings. Here’s an overview of the general details of Syndicate Funding:
- Founding location: Dubai
- Founding year: 2021
- Account sizes: ranging from $5,000 to $200,000
- Challenge fees: ranging from $57 to $1097
Syndicate Funded boasts a team with over 50 years of combined experience in the trading industry. The firm aims to empower traders of all experience levels by providing a supportive environment with trading conditions designed to enhance profitability.
Syndicate Funded Prop Firm Summary of Specifications
Here's a quick overview of Syndicate Funded's key specifications:
Account currency | USD |
Minimum price | $57 |
Maximum leverage | N/A |
Maximum profit split | 90% |
Instruments | Forex, crypto, indices, commodities |
Assets | EUR/USD, Bitcoin, S&P 500, Gold |
Evaluation steps | 2 |
Trading platform | TradeLocker, MT5 (coming soon) |
Withdrawal methods | Bank transfer, crypto |
Maximum fund size | $400,000 |
First profit target | 8% |
Maximum daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Commission per round lot | No commission |
Trust pilot score | 4.395/5 |
Payout frequency | Bi-weekly |
Established country | United Arab Emirates |
Established year | 2021 |
Syndicate Funded Pros and Cons
Let's examine the advantages and disadvantages of trading with Syndicate Funded:
Advantages | Disadvantages |
Generous 90% profit split | Relatively new and unverified firm |
Scaling plan up to $2 million | High-profit target for one-step evaluation |
Allows news trading and weekend positions | Lack of extensive educational resources |
bi-weekly payouts | - |
Syndicate Funded Prop Funding Options and Challenge Prices
Syndicate Funded offers a range of account sizes to suit different trader needs and experience levels:
1-Step accounts:
Funding size | $5k | $10k | $25k | $50k | $100k | $200k |
Evaluation price | $62.70 | $117.70 | $227.70 | $337.70 | $557.70 | $1097 |
2-Step accounts:
Funding size | $5k | $10k | $25k | $50k | $100k | $200k |
Evaluation price | $57 | $107 | $207 | $307 | $507 | $997 |
Syndicate Funded's pricing model allows traders to test their skills without significant financial risk, thanks to the refundable fee structure. This approach makes it an attractive option for traders looking to prove their abilities and gain access to substantial trading capital.
Syndicate Funded Prop Firm Evaluation Steps Overview
Syndicate Funded offers both 1-phase and 2-phase evaluation options:
Account Size | $5k | $10k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 4% | |||||
Maximum overall drawdown | 10% | |||||
Profit target | 12% | |||||
Profit split | Up to 90% | |||||
Maximum trading days | Unlimited | |||||
Minimum trading days | 5 days | |||||
Minimum challenge fee | $62.70 | $117.70 | $227.70 | $337.70 | $557.70 | $1097 |
Although, Syndicate Funded 1-step account has high profit target it is the fastest way to become a funded trader.
Account Size | $5k | $10k | $25k | $50k | $100k | $200k |
Maximum daily drawdown | 5% | |||||
Maximum overall drawdown | 10% | |||||
First profit target | 8% | |||||
Second profit target | 4% | |||||
Profit split | Up to 90% | |||||
Maximum trading days | Unlimited | |||||
Minimum trading days | 5 days | |||||
Minimum challenge fee | $57 | $107 | $207 | $307 | $507 | $997 |
This account is suitable for traders who prefer a more gradual approach and less strict trading conditions to become a funded trader.
Key points for both challenges:
- Trading style flexibility during evaluation
- Focus on risk management and consistent performance
- Scaling option up to $2M
Bonuses and Discounts in Syndicate Funded
Syndicate Funded’s main bonus is its affiliate program that allows traders with audiences to invite their friends to the program and receive rewards based on their referee purchases. Traders can withdraw their commissions every 14 days and track their earnings through the affiliate dashboard. Syndicate Funded also offers monthly $100k giveaways to traders who join their discord channel.
Tradable Symbols in Syndicate Funded Prop Firm
Syndicate Funded offers a diverse range of tradable instruments:
- Forex: Major, minor, and exotic currency pairs
- Indices: Global stock market indices, including S&P500
- and Dow Jones
- Metals: Gold and silver
- Cryptocurrencies: Bitcoin, Ethereum, and other high-cap coins
Key points:
- Wide selection of assets for diversification
- Competitive spreads across all instrument types
- Ability to trade during major news events
- No commissions
Traders should familiarize themselves with the specific instruments available and any associated trading rules or restrictions.
Syndicate Funded Prop Firm Payment Options
Syndicated Funded allows traders to pay challenge prices using credit/debit cards or cryptocurrencies. This platform also utilizes RiseWorks for efficient and reliable payouts with a wide range of benefits:
- Bi-weekly payout schedule
- No minimum withdrawal
- Quick processing times
Traders appreciate the consistent and timely payout system, which allows for better financial planning and cash flow management.
Syndicate Funded Trading Fees (Commission & Costs)
Understanding the commission structure and costs at Syndicate Funded is crucial:
- 0% commission during evaluation phases and funded accounts
- Competitive spreads from 0.1 pips
- Refundable challenge fees
- 35% Withdrawal fees
Syndicate Funded's commission structure is designed to be competitive while ensuring the firm's sustainability and ability to provide high-quality services to traders.
Does Syndicate Funded Have High Trust Score on Review Websites?
Syndicate Funded has garnered positive feedback on Trustpilot:
- Overall rating: 4.3 stars out of 5
- Number of reviews: over 80
- 5-star reviews: 65%
While the sample size is relatively small, the positive trend in reviews suggests that Syndicate Funded is delivering on its promises to traders.
Syndicate Funded Prop Firm Customer Support
Syndicate Funded offers 24/5 customer support through various channels:
- Email support: support@syndicatefunded.com
- FAQ section: Addresses common questions
- Discord channel
The lack of live chat support could be a drawback for traders who are in need of fast/proper help.
Syndicate Funded Social Media Channels
Syndicate Funded maintains an active presence on social media:
- Discord: https://discord.com/invite/syndicatefunded
- Twitter: https://x.com/syndicatefunded
- Instagram: https://www.instagram.com/fundedbysyndicate/
Benefits of following these accounts:
- Stay informed about promotions and new features
- Engage with the trading community
- Access quick support and FAQs
- Gain insights from successful funded traders
Syndicate Funded's social media strategy aims to build a community around its brand and keep traders engaged and informed.
TF Expert Sugesstion
As a relatively new prop firm founded in 2021, Syndicate Funded presents an intriguing option in the competitive world of prop trading. With its generous 90% profit split, up to $200k funded accounts, and bi-weekly payouts, it offers a compelling proposition for both novice and experienced traders.
However, the lack of educational resources and a low number of user reviews on Trustpilot must be considered before purchasing a challenge from this platform. Overall, traders should do their due diligence and find out whether this platform can provide the services they need.
