FundedX Review

FundedX provides a top-notch platform for displaying your trading skills, supported by the latest technology, trading platforms, and a wealth of industry experience.

FundedX supports traders by offering opportunities to trade up to $1 million, with the potential to grow their capital to $5 million. They use a fair evaluation process to decide who gets to trade. FundedX has rules you’ll need to follow to keep trading with them. They pay for the starting costs, and if you don’t meet their rules, they take the risk of losing the money they spent to evaluate you. If you want to learn more about how they give out money for trading, how they split the profits, and many other important things, keep reading.

Pros

• Fair profit sharing 
• User-friendly platform
• Excellent Customer Support
• Raw spreads and competitive pricing
• Advanced Tools and Technology

Cons

• Very limited information about the company
• Account evaluation challenging for beginners
• Pressure to Perform

About FundedX

FundedX is owned by AJ Currency, which is headed by Adrian Mudronja. The main goal is to improve the overall trading experience. Unfortunately, there’s not much information about the company regarding licensing and regulation. This can raise questions about its legitimacy, but several customer reviews claim FundedX is legit.

FundedX Funding Process

To get funds at FundedX follow these 4 steps:

• Complete the trading challenge
• Receive your funding offer
• Accept the offer

Once you accept the offer, you can start using your account.

What is Unique About FundedX

FundedX stands out from other prop firms in a few unique features:

You can start small and grow big – Even if you can start from $5,000, you can work your way up to having between $1 million and $5 million.

You get help – You’ll get your account manager to guide and assist you.

You’ve got access to different markets – You can trade Forex, indices, cryptocurrencies, and commodities.

Challenge Details

Proprietary trading firms create challenges/evaluations to manage risk, identify talented traders, provide feedback for development, motivate traders, and ensure regulatory compliance. FundedX also has an evaluation process that consists of two steps:

Phase 1: Profit Target – You must achieve a specific profit. The profit target depends on the chosen account size. Obviously, higher funding levels require larger profit targets.

Phase 2: Consistency – In this phase, you must demonstrate consistent trading performance. You’ll need to focus on maintaining a persistent trading strategy and risk management. 

There are rules you must follow during both phases. Some of them are maximum daily drawdown and minimum trading days. By following the rules, you’re creating a higher chance of completing the challenge.

There are several challenge amounts available from 5K to $1.0Million. Here are the rules and pricing for each:

Challenge Amount	Price	Trading Period	Phase 1 Target – 8%	Phase 2 Target – 5%	Max Loss – 10%	Max Daily Loss – 5%	Minimum Trading Days	Split	Refundable Fees
5K	$69.00	Unlimited days	$400.00	$250.00	$500.00	$250.00	3 Days	90%	115%
10K	$129.00	Unlimited days	$800.00	$500.00	$1,000.00	$500.00	3 Days	90%	115%
25K	$199.00	Unlimited days	$2,000.00	$1,250.00	$2,500.00	$1,250.00	3 Days	90%	115%
50K	$299.00	Unlimited days	$4,000.00	$2,500.00	$5,000.00	$2,500.00	3 Days	90%	115%
100K	$529.00	Unlimited days	$8,000.00	$5,000.00	$10,000.00	$5,000.00	3 Days	90%	115%
200K	$989.00	Unlimited days	$16,000.00	$10,000.00	$20,000.00	$10,000.00	3 Days	90%	115%
500K	$2,500.00	Unlimited days	$40,000.00	$25,000.00	$50,000.00	$25,000.00	3 Days	90%	115%
$1.0M	$5,000.00	Unlimited days	$80,000.00	$50,000.00	$100,000.00	$50,000.00	3 Days	90%	115%

Payment Proof and Success Stories

FundedX shares on their Instagram account payout certificates of their users. You can see stories that show users’ posts that state they finished the account evaluation.

FundedX Tradable Assets

You can trade many different assets at FundedX, like Forex pairs, commodities (gold, silver, oil), indices (big groups of companies), and cryptocurrencies (Bitcoin, Ethereum). 

Asset Type	Description	Leverage	Commission
Forex Pairs	Forex pairs	Up to 100:1	$7/lot
Commodities	Gold, silver, oil	Up to 40:1	$0/lot
Indices	S&P 500, NASDAQ	Up to 20:1	$0/lot
Cryptocurrencies	Bitcoin, Ethereum	Up to 2:1	$0/lot

FundedX Payment Methods And Trading Fees

FundedX doesn’t mention payment methods and trading fees on their site. What they do mention is the payout methods: Deel and crypto payouts.

Education for Traders

As a downside for beginners, FundedX lacks quality educational resources that can help new traders. You can find many posts on their Instagram account that can be somewhat educational, but they’re mostly motivational posts on how not to give up trading. 

User Testimonials

There are only a few reviews on Trustpilot, and all of them are positive. Reddit doesn’t have any. Unfortunately, there are definitely not many real user reviews to weigh whether the broker is good or not. The Scamadviser score for FundedX is 46/100. One of the negative highlights is that the site is very young, which can actually explain the lack of information.

FundedX Support

FundedX has awesome customer support with a short response time. There are several ways you can contact them like live chat, emails, and even Discord. The working hours are from 8am-5pm EST, Monday to Friday.

Email: [email protected] 

Discord group: https://discord.gg/TcJRKAakPr

FundedX Social Media

FundedX has both a Facebook and Instagram Account, but its Instagram is way more active. Both of the accounts are mostly motivational posts and podcasts. You can also find photos of users who completed the challenge and users who got payouts. 

Facebook: https://www.facebook.com/profile.php?id=61555112648069

Instagram: https://www.instagram.com/p/C4DXRNvLXxC/

How to Register and Login

Registering to FundedX is pretty simple, follow these steps:

– Click the Signup button in the upper right corner of the page

– Under the login fields, Click the Create Account button

– Fill in the form 

– Agree that you read the Refund and Privacy Policy, and the Terms and Conditions

– Click “Sign up” 

– You’re done

To log in to your FundedX account:

• Click the “Login” button in the top right corner
• Enter your email and password
• Click “Login”

Verdict

FundedX seems like a cool chance to grow your trading skills and access different markets to make money, as long as you stick to the rules and strategies. But if you’re just starting, it might not be the best choice for you since there are not enough educational resources.

There’s no evidence that FundedX is a scam. There are several user reviews that it is not.

What is the FundedX Funding Process?

Complete the trading challenge, receive your funding offer, and accept your funding offer.

Does FundedX have customer support?

Yes. FundedX has excellent customer support that you can contact via live chat, email, and Discord.

What is the max drawdown?

The maximum drawdown on both challenges and funded accounts sits at 10%

What is the maximum daily loss?

The maximum daily loss on both challenges and funded accounts is 5%.

What is the minimum payout?

The minimum payout amount is over $1.

What is the maximum account size?

The maximum account size is $1 Million. You can request more funding, which can go up to $5 Million.

What are the FundedX payout methods?

FundedX payout methods are Deel and crypto payouts.

How many challenge amounts are available at FundedX?

There are 8 challenge amounts available: 5K, 10K, 25K, 50K, 100K, 200K, 500K, and $1.0M.

Conclusion

Since FundedX lacks information like payment methods, educational resources, company background, and general info, it’s questionable if it is worth a try. The best thing for you to do is carefully read the user reviews, pros and cons, and decide.