The prop firm industry is growing bigger by the day, with platforms jostling to recruit traders to their ranks. In the midst of the bustle and noise, a new company has joined the arena: enter FunderPro. A firm that rewards talent with real money, allowing traders to open funded accounts upon completion of a market assessment. There is also the option to bypass the evaluation by paying a fee.
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
The core principle of FunderPro is to empower - not limit - traders. After all, any profits earned from the funded accounts are split between the platform and the trader, so it is in their interest to mentor and build up the account holders they bring on board. Award-winning prop trading firm FunderPro, alongside the other prop firms in the burgeoning industry, offers traders a unique opportunity: trade with tens or even hundreds of thousands of dollars with no personal risk and only gain. The losses are covered by the prop firm, while profits are shared with the trader.
In the case of FunderPro, any profits earned once the user upgrades to a funded account (or opens one straightaway, more on this in the next section) are split between the two parties with the trader keeping the vast majority (80%, upgradable to 90%). Prop firms like FunderPro are essentially filling a yawning crevice in the industry where many excellent traders are prevented from earning the profits they deserve by a lack of access to funds.
The benefits of prop firms do not end at opening the door to required capital. Trading with larger account sizes is a way to develop new skills and encourage professional development. Traders hitherto restricted by limited funds will find themselves able to try their hand at trading bigger positions, opening up the possibility of new strategies and approaches. Prop firms not only represent leverage but also the backing of powerful trading platforms often equipped with the latest software and analytics tools.
Traders can therefore monitor their performance and tweak their strategies or risk ratios accordingly. Moreover, certain firms will offer the support of teams to bolster development or mentorship programs. Finally, the risk controls in place - while sometimes deemed a hindrance to traders seeking absolute freedom - nonetheless represent a crucial opportunity to practice risk mitigation and control something which will be of lifetime benefit to traders of all ilk.
FunderPro finances traders who have demonstrated promising ability. Merit is judged not only on consistent profits but also on the capacity to manage risk. In return for a simple assessment, traders who pass the evaluation can trade without staking their own capital on the line.
The FunderPro package isn’t hugely dissimilar to some of the competitor prop firms but where they stand head and shoulders above the rest is with the trust they place in their traders.
Signing up for a FunderPro account guarantees you unlimited time to complete the trading challenge and minimal rules in which to do so. Judging from the package on the table, FunderPro appears to have understood one elemental rule of trading: patience is key.
FunderPro offers:
Innovative technology and powerful trading software
Swift two-part assessment leading to $200,000 in funding
Minimal rules, simple challenge & unlimited time for completion
Scaling plan & fast-track funding option
Data-driven analysis tools to help hone your strategy
Trading mentorship for your professional development
0 Comments