Arctic Funding Review – How To Know If Prop Firm Is Legit?

As it seems, the founder of Arctic Funding is Buddima Dalpathadu, a former YouTuber who became a trader. On his Twitter account, you can see many payout certificates. But a bit of design skills and proper tools can make that look legit.

In reality, none of those details can be truly proven. That’s why traders have to find another way to diversify good from bad prop firms. Here are a few hints you can find in this honest Arctic Funding review.

Legal Information: Who Is Arctic Funding?

This prop trading firm presents itself as a trading name of Arctic Funding FZCO (39760). If you don’t know yet, such firms are free zone companies mostly registered in the United Arab Emirates. Nevertheless, without transparent addresses and contact information, it’s hard to prove any of that. 

One of the biggest worries traders might have is regulatory oversight. Yet, the company is not required to have any trading licenses without requests for deposits or money management services. Therefore, the only way to find out if the company is legit is to check Arctic Funding reviews.

What Do Traders Say?

Even though the company was registered in 2023, there are only a few reviews on Trustpilot about Arctic Funding prop firm. In fact, there are only 25 comments, which already include 20% of negative ones. Compared to Funded Trading Plus, which has more than 2,000 positive reviews, that’s quite a poor presentation.

In any case, the key problem appears to be the funded account program and payouts. Before you get access to the funded account, you’ll have to pass certain challenges. That’s pretty much the case with all prop firms. However, with this one, it appears traders were experiencing a lot of manipulation. That’s why trading with more reputable and transparent firms makes a bit more sense.

What Platform Does The Company Offer?

Generally, when we speak of trusted platforms, we usually think of cTrader, MetaTrader, or similar options. In the case of an Arctic Funding funded account, you can expect options like DXTrade and TradeLocker. Fairly, none of these platforms can be compared to the aforementioned ones. 

For instance, if you check mobile apps’ reputation on PlayStore, you will realize none of these have more than 60k downloads. Not to mention that the DXTrade app has a rating below 2. All in all, not as reputable as some traders might think. To understand why trusted platforms make a big difference, check our RoboForex and Sway Markets reviews as well. 

Evaluation Phases Available

Fairly speaking, the Arctic Funding platform has quite an attractive offer. Traders can practically choose all the key conditions and features, starting with Forex and Stocks accounts, the type of challenge, and the profit split add-ons.

Forex Challenges 

Important to realize is that all funded accounts range between $10K and $200K. For instance, the Forex challenge offers 1-step, 2-step, and express evaluation. These accounts include 3-4% maximum daily loss, 4-8% maximum loss, and profit targets between 5% and 9%. 

The pricing plan for these accounts starts at $44.93 and goes up to $963.14. Honestly, these odd numbers don’t make much sense, but all right. It’s the company’s tactic to make it look legit. 

Stock Challenges

If you opt for the stock Arctic Funding challenge, you can only get $200K in a funded account, and it would cost you $1,053 to get started. Maximum daily loss in this case is at 4%, and maximum overall loss is at 10%. To pass the challenge, you’ll have to reach a 10% profit target in the first phase and 6% in the second. 

Can You Expect Clean Arctic Funding Payout?

Generally, if you look at the company’s FAQ section, you will realize how poor payout information is. Firstly, the company doesn’t reveal any payout methods, processing time, or fees. 

Yet, once you request a payout, you won’t be able to trade further before the payout is processed. But when you see too many traders complaining about it, it’s a sign to get out of it quickly.

Conclusion: Can They Be Compared To Funded Trading Plus?

With zero transparency coming from the Arctic Funding trading firm, it’s highly possible that traders can expect a lot of issues, primarily with trading conditions and platforms. That’s why choosing the right firm can make a whole lot of difference.

For instance, UK-based firms like Funded Trading Plus can have a much better reputation than this potentially UAE-based firm. Not to mention the company has more than 2,000 positive reviews on Trustpilot. On top of that, the platform choice, trading conditions, and fees for evaluation programs are far better for clients that use Funded Trading Plus.

Also, there are a vast number of promotions and giveaways that can make you feel like a part of that community. That’s why we strongly recommend you explore your options before paying any money. But if you are into safe and risk-free proprietary trading with a profit split of up to 90%, Funded Trading Plus is the right place. Sign up today and get a chance to participate in new promotions.

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