Funder Trading Review 2024: Will Your Trading Goals Come True?
Funder Trading is a prop firm that has been recently established so the reliability is still under question. Luckily for you, this evaluation will help you understand how proprietary trading works and if this firm can help you boost your chances of profits, so you don’t end up with brokers like SydneyFX.
Find out whether or not your trading goals will be achieved by using this prop firm in our Funder Trading review. The firm’s features, operations, pros and cons, and more are uncovered to help you make well-informed investment decisions. Learn if this company is the right choice by reading on.
About Funder Trading
Despite their claims to have a registered office in the US, the domain is registered at 96 Mowat Ave Toronto, Ontario Canada, according to WHOIS. The owner is without surprise hidden using a paid service and that is pretty much what we know about this company. Doesn’t look like someone would be foolish enough to invest, right?
According to ScamAdviser, the trust score is high, and the only drawback is that the server of the site has several low-reviewed other websites in addition to the operational domain. The lack of transparency is obvious, especially considering the fact there is nothing beneficial in their FAQ section.
Overall, this company seems like a bad choice so far, however, further research for this Funder Trading review is required to deem them unreliable, so keep reading to learn more about this prop firm and its operations.
Company Type | Proprietary Firm |
Legal name | Funder Trading LLC |
Regulation | Not expected |
Registered in | 141 West Jackson Blvd, Suite 3315 Chicago, Illinois 60604 |
Established | 2023 |
Website | www.fundertrading.com |
Financial Authorities Warnings |
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Contacts |
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If a withdrawal is possible | Potential issues are possible; |
Fees |
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If Active on Social Media: | No |
Investor Protection: | None |
Activity areas | United States, United Kingdom, South Africa, Nigeria, India; |
Main threats | Lack of transparency; |
Main perks | None; |
Legal Information
Prop firms are not required to operate under regulatory oversight of financial institutions. That is because they’re not offering any type of investment services, instead, they provide their capital to experienced traders to trade in a simulated version of a trading platform.
Because of that, prop scams are easier to get around and traders must proceed with caution. The risk of the firm not paying profits and keeping everything exists and additionally, you can get paired with an unregulated broker.
Always conduct research prior to investing with prop firms as not all of them offer a safe trading environment. Be careful who you trust to prevent getting tricked into depositing your funds because if a scammer like LonghornFX gets you, getting your money back will be challenging.
The TrueEdge Challenge
All levels of traders, from novice to expert, can benefit from the training, testing, and funding provided by the TrueEdge Challenge. All the tools are included in one easy-to-use system, including automated risk management, advanced market data, live coaching, online education, professional prop trading software, and rules to assist your growth.
If you complete the TrueEdge Challenge, you will be paid 80% and, if funded, you will be reimbursed for all challenge expenses. At every challenge level, the firm will reimburse 100% of all losses in the active funded account.
After registration, the TrueEdge Pro software will be accessible in the customized dashboard right away. A comprehensive professional prop trading solution, the TrueEdge Pro platform was created especially to enable traders to monitor orders and manage risk from any location.
Funder Trading Plans
There is no information about funded accounts and how much you’ll get funded once you pass the TrueEdge challenge. The Funder Trading Forex trading firm requires a subscription of either 6 months or a whole year before you start. Here is a breakdown of what you get:
6-month Access
- Unlimited TrueEdge Challenge Attempts
- Live Professional Trading Coach
- 1 TrueEdge Reset
- Funder Education Campus
- VIP Chicago-Based Funder Help Desk
Full Year Access
- 1 Year of TrueEdge Challenge Attempts
- Live Professional Trading Coach
- 3 TrueEdge Resets
- Funder Education Campus
- Exclusive Premium Educational Content
- VIP Chicago-Based Funder Help Desk
Funder Trading Reviews
There is only one 5-star review about Funder Trading on Trustpilot. However, despite that, the overall score is 3.7. That is because the Funder Trading Trustpilot profile considers many things not only the reviews, which is helpful when looking for a reliable firm.
Another platform we were able to check is Quora, where Don Kevich posted his personal review of the firm after using it for a while. However, that review seems to be positive as well and after digging even more, we didn’t find a single bad comment about this prop company.
Payment Options and Process
Without surprise, payment methods are not even disclosed on the website and neither are withdrawals. I guess this firm expects you to deposit your funds without even knowing how. The lack of transparency is huge and obvious and using this prop firm won’t bring you closer to profits.
When looking for a trading company, transparency is one of the key reasons for choosing them. If the withdrawal process and methods are not explained, it could indicate that there are none. Simply put, never deposit your funds blindly, without checking the company and its operations.
Weighing the Pros and Cons
Pros | Cons |
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Can I Make Money While Trading Online?
To ensure your success and make money while trading online, you must choose reliable and reputable firms to assist you. The Funder Trading prop firm is not as it seems and you will have better luck elsewhere. Additionally, with the help of the right tools, your trading experience can become much better.
One of those tools is AI.F, a potent analysis bot that is able to process billions of data points quickly and provide you with insightful recommendations. It can forecast future price movements and it offers transparent features and options. We suggest booking a consultation with our specialists to learn more.
There is also a 14-day trial available for those who are eager to start using the bot and the best part is that there are no commitments. You trade when you want and how you want it, hassle-free. Reach out now and start your profitable trading journey with the help of AI.Fundevity.
FAQ Section
What is Funder Trading?
Funder Trading is a prop firm providing a TrueEdge Challenge that offers training, coaching, and funding for traders in an integrated system.
Is Funder Trading Legit?
The lack of transparency and undisclosed withdrawal processes raise doubts about Funder Trading's legitimacy.
Does the Funder Trading Pay Out?
There's insufficient information provided about payout processes, creating uncertainty about Funder Trading's payout practices. It’s best to choose another, more reliable firm to assist you.