Nowadays, prop firms are the top model in the financial market. However, scandals and issues are arising. Over the years, we have seen many prop firms come and fade into oblivion. Many traders are worried that their investments will disappear before they even realize it. Everyone wants to back a winning horse, which is why due diligence is necessary. That’s also why many traders are thinking about OFP (OFP Funding) and asking themselves:


“Is OFP Funding a scam?”


In this article, I will present a full report on it.


Understanding OFP Funding’s Model

It’s a prop firm with no challenge, no verification, a one-time payment, and you can keep the account for a lifetime. There’s no withdrawal target, and the maximum loss allowed is up to 10%, with leverage set at 1:100.


Typically, in most instant funding prop firms, the fee you pay matches the loss they allow you to incur. However, in this prop firm, they allow you to lose 10 to 20 times more than the fee you pay.

OFP accounts: The journey to absolute mastery with friendly programs

Let’s look into OFP programs. They offer many different types of accounts, each with various benefits and conditions for traders. Traders can receive profit shares of 80%, 60%, 40%, or 26%, with no specific withdrawal target. The profit share varies between accounts, which also affects the payment frequency; it can be monthly, weekly, or on demand. Additionally, choosing an account with better options for traders, such as an 80% profit share and on-demand payout, costs more than an account with a 26% profit share and monthly payment.


OFP Trading Rules: A simple guide to Safe Trading

Are OFP’s trading rules easy to follow for traders? This question requires a detailed answer. First, there is a daily loss limit of 3% to a maximum of 5%, depending on the account chosen. Second, the maximum overall loss limit ranges from 6% to a maximum of 10%. Third, there is a Trader Value Score. The Trader Value Score cannot be equal to or higher than the selected account’s maximum Trader Value Score. The Trader Value Score is calculated as the total profit of your best day divided by the total PnL of your reference period. In conclusion, traders should avoid prohibited trading strategies such as martingale, grid trading, hedging, and tick speculation. Any genuine strategy is accepted; OFP promotes honest and strategic behavior, so every trade that can be replicated in a live environment is well accepted.


Are there any potential risks for traders?

Based on the aforementioned analysis of the performance criteria that traders need to follow to secure their OFP accounts, it is realistic.

Why?


Firstly, we need to look at the withdrawal policies. Traders can choose the type of payment they prefer, such as on demand, weekly, or monthly. It’s important to note that OFP handles payments with a steadfast approach, with funds arriving instantly. Another important question traders may ask is:


“Does the firm have the resources to back profits?”


OFP copies traders’ accounts to larger trading funds, which, in turn, results in substantial profits.


Do red flags or warning signs exist for OFP?

When analyzing feedback about OFP, it’s important to note that, like any company, traders may have faced challenges. A few traders have mentioned that the payout process can be quite difficult. However, I want to reassure everyone by stating that the majority of traders gamble instead of properly trading the firm’s money, meaning they place random lots, use prohibited strategies that can’t be replicated, and expect to be paid even if they lose. Some traders have also pointed out areas where customer service could be improved, particularly in terms of response times.


However, OFP guarantees that their response time is faster than that of any other firm, and after testing that myself, they didn’t lie. These experiences have been shared by some traders on forums and in OFP Funding Twitter reviews. It’s worth noting that these issues are not universal, and the majority of their traders experience success with OFP. OFP is definitely committed to continuously improving their services and ensuring a positive experience for all their clients.


Verdict: Is OFP Funding a Scam?

The answer is simple: It’s a big no. I want to reassure you that they are trusted partners in trading. OFP is committed to transparency, prompt payouts, and exceptional customer support. Most of their traders have found success and continue to thrive, achieving greatness and earning money. If you don’t trust my words, you can watch videos about OFP funding testimonials or look at OFP funding forum reviews. You can trust that they are dedicated to your trading success. I am confident that you will find OFP to be the best choice for your trading path.

Signup Now https://ofpfunding.com/?aff=vB2cDhla