FundexFX Review – Is This Anonymous Firm Trusted At All?

Even at first glance, the FundexFX platform shows a few irregularities, primarily a lack of transparency about legal details. Even though prop trading firms don’t need regulation, so far, some respect for users should be present.

Therefore, it’s crucial to know which firms you can trust. Luckily, you’ll find out how to determine that by the end of this FundexFX review.

Who Runs Fundex FX Company?

When a company wants your money in one way or another, you should surely know who you work with. Especially if that same company wants to make a breakthrough in the industry. Sadly, with the FundexFX platform that’s not the case. The company has been hiding even its registration details, founders, and trusted contact options. 

That’s already a red flag, and we haven’t even started. Whether you find it positive or not, prop firms don’t require trading regulation. After all, it’s all done in a simulated environment, even funded programs. However, you can profit from those in the end. All in all, the founder of this trading brand remains unknown.

User Experiences With FundexFX

With the platform registered in February 2024, it’s not surprising there are only a few FundexFX reviews available. However, we only found them on Trustpilot so far. Out of 5 comments, only one includes a negative connotation. Fairly, it’s hard to know more about the legitimacy of the company’s activities. 

That’s why it’s always better to choose proven trading firms. In the case of prop trading, we recommend UK-based Funded Trading Plus which counts more than 2,000 positive reviews. And not to mention how many there are that didn’t share their experience. To learn why the experience of other users matters, read our VIP Indicators and Trader Prop Firm reviews as well. 

How Does Prop Trading Work?

Same as everywhere else, FundexFX prop firm offers a simulated trading environment. Traders sign up for different evaluation challenges where they have to prove their skills. Once they pass the challenge, they can get access to a funded account, earn up to 90% of the profits, and even receive refunded fees. With most companies, you can get payouts bi-monthly after the first month of trading. 

Even though it sounds speculative, it makes a lot of sense. These firms might use your trades and offer them as trading signals, copy trading options, or even trade themselves on a live account. So, it’s a win-win situation for both sides.  Therefore, if you are skeptical about losing money in the market, prop trading is the right deal. 

Evaluation Plans Available

Before reaching FundexFX funded account programs, you’ll have to pass one of two challenges. These include standard 2-step evaluations or elite 1-step evaluations. Pretty much all trading conditions are the same with both options. However, the difference comes from trading rules you shouldn’t break. 

Standard Plan Rules

With a standard plan, traders can choose between $3K and $100K funding. The profit share in this phase is only 15%, and the profit target in the first phase is 7%, while in the second one, it is 5%. 

On the positive side, there are no time limits in this case. As long as you keep your balance below 5% daily and 12% overall loss, you are good. 

Elite Plan Rules

When it comes to elite choice, you’ll have to reach a 10% profit target, and you will get a profit share of 10% as well. The conditions for this option are a bit tighter, with a 3% daily maximum loss and a 7% maximum overall loss. Again, without time limits. 

Pricing Plans Explained

Besides the FundexFX payout, traders can also get their fees refunded. But that’s where the catch might be. First, we’ll clarify the amounts. For a 2-step challenge, you can expect fees between $23 and $399, depending on the plan. In a 1-step offer, it’s between $29 and $439. 

Compared to many other firms, these fees are quite generous. However, the potential issue is that all these are classified as the amounts for refundable fees. The real fee for accessing the evaluation is not disclosed anywhere. Watch out for it.

Important Challenge Features

Based on traders’ experiences from the FundexFX Discord discussions, everyone is satisfied by the news trading and weekend holding being allowed. On top of that, the company offers a leverage of 1:100. With the risks this leverage brings, it’s quite easy to fail the challenge. Yet, if you decide to try again, you’ll have a 15% discount on the next payment. 

Payouts With FundexFX

Considering the company’s fresh registration, there’s a lot to prove there. Thus, with quite cheap FundexFX pricing plans, some traders might be attracted by this firm. Anyway, if you go for it, you’ll have the option to request the first payout after 14 days of your first trade.

They mention it as a bonus payout that matches 90% of the profit split and shouldn’t be less than $40. After that, you can request payouts every 7 days. 

Conclusion: Not Reputable For Now

For the time being, this company hasn’t earned much credibility. With its hidden legal information, poor support options, and speculative fees, you might have some issues later on. But why to test it out? Let the others first, and then feel free to jump on the deal. 

Meanwhile, if you are into prop trading, make sure to check Funded Trading Plus company. With registration in 2023 and more than 2,000 satisfied users, the company is clearly gaining popularity. Not without a reason. 

If you sign up today with Funded Trading Plus, you can get a chance to get great giveaways and access to various promotions. Don’t waste any time. After all, it doesn’t cost you anything to register with Funded Trading Plus. 

FAQ