TradingFunds Review: In-depth Evaluation of The Firm’s Operations
Prop firms are becoming more and more popular and being a funded trader is beneficial, especially for beginners. Our TradingFunds review will introduce a prop firm working with a regulated brokerage, with a proven track record of paying profits. But are they a good option for you?
For more information, stick around so you can learn about prop firms and what they need to have to be considered reliable. In the meantime, check Clair Capital, a broker you should definitely avoid.
Who Is TradingFunds?
Founded in 2023, TradingFunds is a proprietary trading company that offers traders an effective evaluation method. A trader who completes the evaluation is then qualified to get funds of up to $2,000,000. They offer a one-step evaluation that is easily done online and once you get your funds, you can start trading right away.
Every 30 days, traders must complete at least one trade. TradingFunds can close a trading account if it is dormant for thirty days or longer. TradingFunds is associated with Eightcap, a regulated broker, offering traders a sense of security. Keep reading to learn more.
TradingFunds | Reliable Broker Must Have | |
Legal name | TradingFunds | Transparently displayed in the disclaimer or legal documents |
Regulation | Regulation not expected | Within your legal jurisdiction – local regulator |
Registered in | Emirates Financial Towers, Office 28
DIFC, Dubai, United Arab Emirates |
Your country or the country whose license applies in your legal jurisdiction |
Established | 2023 | The older the domain – the higher the possibility the company is trustworthy |
Website | tradingfunds.com | Domain should be from local or international zones, no .xyz, etc. |
Financial Authorities Warnings |
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None |
Contacts | [email protected]
Call Back Option Web Form Live Chat |
Phone, email, social media, web form |
If a withdrawal is possible | Possibly | Yes |
Fees |
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Transparent fees – list of spread and commissions |
If Active on Social Media | Yes | Often present on social media |
Investor Protection | No | Compensation fund |
Regulation Info
TradingFunds doesn’t handle the client’s funds, doesn’t trade on behalf of their clients, and doesn’t operate as a broker, therefore, regulation is not required. In general, if a prop business only trades through a regulated broker and does not handle customer funds directly, it may not require separate regulations for its trading activities. In this instance, regulatory compliance is primarily the broker’s responsibility.
The client’s accounts are managed by Eightcap, a regulated brokerage company holding licenses from authorities including ASIC in Australia, FCA in the UK, CySEC in Cyprus, and SCB in the Bahamas.
TradingFunds Profile
Traders will gain access to a real trading account with the same account balance chosen during the TradingFunds Evaluation once the it has been successfully completed. Traders will receive login information for the live account after the results have been validated, at which point they can start collecting up to 80% of their earnings. For those who are interested, an extra add-on that raises the profit share to 90% can be purchased.
It should be mentioned that there are no possibilities for increasing the live trading account’s account size. As a result, while requesting the TradingFunds Evaluation, traders are urged to select the proper account size. Through the TradingFunds Affiliate Program, individuals or groups can make money by marketing our goods and services and generating sales using their personal affiliate links.
Trading Platform | MetaTrader 4, MetaTrader 5, TradingView |
Account Types | $25,000, $50,000, $100,000, $200,000 |
Financial Instruments On Offer |
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Maximum leverage | 1:100 |
Minimum Deposit | No deposit |
Commissions/Bonuses | 10% discount |
Mobile app | Yes |
Desktop app | Yes |
Autotrading | No |
Demo account | No |
Education or Extra tools | None |
Is TradingFunds Safe To Trade With?
Since regulation is not really expected with prop firms, the important thing to look out for is if they are working with a regulated broker. Eightcap is a fine brokerage company and in collaboration with TradingFunds, you can hope for a safe trading environment. They also offer popular MT4 and MT5 platforms, which are considered reliable since they exist.
Traders Share Their Experiences
39 reviewers in all on Trustpilot provided feedback on the TradingFunds prop company. Given how new they are to the market, a total score of 4.4 is great. 8% of the broker’s reviews are negative, despite the fact that there are more traders praising the company for its good work.
The negative reviews uncovered hidden rules imposed by the broker and after the trader complained, they were blocked from their account. Another trader was accused of violating the company’s rules, revealing an illogical pattern.
Who Are the Traders They Cater To?
Countries like the United States, the United Kingdom, India, and Vietnam make up the majority of TradingFunds’ clients. It’s no wonder they attract traders from different sides of the world. Unlike FXGlory, Eightcap operates regulated and your funds are in a safe place.
Overall, the prop firm is reliable and, more importantly, is working with a regulated brokerage.
Deposits and Withdrawal Methods
Credit and debit cards, PayPal, and cryptocurrency are accepted as payment methods at TradingFunds. All traders receive the payment via Deel unless Deel is unavailable in your country. Then, the profits will be settled using cryptocurrency and PayPal.
Traders have the flexibility to request profit payouts through their trader dashboard. Those requests are limited to once every 14 days. To initiate a profit withdrawal, traders simply need to select the “Withdraw Profits” button on their trader dashboard and enter the desired withdrawal amount.
When a withdrawal request is made from TradingFunds, the profits will be credited to the trader’s Deel account. From there, the trader can withdraw the funds using any of the available methods provided by Deel.
Weighing the Pros and Cons
Pros | Cons |
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FAQ Section
What is TradingFunds?
TradingFunds is a prop firm based in the UAE, working in association with Eightcap, a reliable and regulated brokerage.
Is TradingFunds Trustworthy?
The company is working with a regulated brokerage, hence, it should be trustworthy.
When did TradingFunds start?
TradingFunds started working as a prop firm in 2023.