Rating breakdown
Things we didn't like:
Evaluation fees are refunded with the third payoutLeverage is limited compared to some competitors
Relatively new firm with limited historical data
Why would you want an alternative to FUNDED SQUAD?
While Funded Squad offers a variety of funding options, including instant funding and flexible evaluation challenges, certain aspects might prompt traders to consider alternatives. For instance, the firm's leverage is capped at 1:30 for forex and even lower for other assets, which may not align with the preferences of traders accustomed to higher leverage ratios. Additionally, the instant funding program starts with a 60% profit split, which, although it can scale up to 100%, begins lower than some competitors' offerings. The pricing for larger instant funding accounts, such as the $50,000 account at $1,999 or $449/month, might also be a consideration for budget-conscious traders. Moreover, while Funded Squad supports platforms like MatchTrader and TradeLocker, traders who prefer more widely-used platforms like MetaTrader 4 or 5 might seek firms that cater to those preferences.
What other users do not like about Funded Squad
Funded Squad TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Funded Squad has currently 175 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.50/5.00.
Main Complains according to the Users' Reviews
- Strict trading rules
- Delayed responses reported by some users
- Denied payouts due to risk violations
What to look for in a FUNDED SQUAD Alternative?
When exploring alternatives to Funded Squad, traders should prioritize firms that align with their specific trading needs and preferences. For those seeking higher leverage, firms offering ratios up to 1:100 or more can provide greater flexibility in trading strategies. A higher starting profit split, such as 80% or above, can be more appealing, especially if it doesn't require scaling to achieve. Traders might also look for firms that offer more affordable instant funding options or evaluation challenges with refundable fees upon successful completion. Platform compatibility is another crucial factor; firms supporting MetaTrader platforms can be advantageous for traders with existing setups on those platforms. Lastly, transparent and rapid payout processes, preferably with multiple withdrawal options, can enhance the trading experience and trust in the firm.
Best FUNDED SQUAD alternatives – Proprietary Trading Firms like (or better than) FUNDED SQUAD
Rating breakdown
Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)Unlimited time for completion
Real Funding and Daily Payouts
Things we didn't like:
High challenge difficultyFunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
Unlimited evaluation free retries (Exclusive Refund Code 120%)No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
Things we didn't like:
Consistency rule for express accountsNo free trials available
Minimum 5 trading days
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Things we liked:
Exclusive Discount Code (10% Off Exclusive Offer)No Trading Restrictions
MetaTrader4, MetaTrader5
Things we didn't like:
Minimum Trading DaysTrailing Drawdown
FXIFY Overview
FXIFY is a London-based proprietary trading firm that provides traders with access to up to $400,000 in capital, which can be scaled up to $4 million. Co-founded in 2023 by David Bhidey and Peter Brown, FXIFY offers flexible assessment programs, including One-Phase and Two-Phase options.