Overview
Founded in Dubai 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.Things we didn't like:
New player in the funded account offeringAn entry fee to sign up for the challenge.
Why would you want an alternative to FUNDERPRO?
To recap, FunderPro is a new prop firm that offers up to $200K in funding. The Funded Challenge is a clean two-part evaluation with realistic profit targets and daily limits. The trader-friendly firm offers phenomenal customer support with a friendly team available all hours of the day (or night!) to answer questions and give help. Best of all, the firm gives traders unlimited time to complete the Challenge, and real money to trade with.
What’s not to like? The FunderPro Challenge is making waves in prop firm circles, and for good reason. The freedom, and more importantly, trust, that it gives traders make it a rewarding platform in both senses of the word! The profit split is generous, and funds are easy to withdraw.
The platform uses the powerful trading software MetaTrader 4 (widely considered the best in the industry) and the FunderPro customer support team is always available, making it a friendly and reliable platform to use. The Challenge fees are reasonable and there is the option to fast-track to a Funded Account. Of course, there is always room for improvement, and being new to the game, FunderPro may have some tweaks to make as it grows its trader base.
One area that could do with expansion is that of professional development. Some prop firms offer one-to-one mentorship and weekly assessment calls alongside auditing of results from an external company. FunderPro does give traders access to advanced analytics and tools to monitor and improve their results. Tutorials and mentorship programs would be a welcome addition to the platform.
Where FunderPro impresses is by being one of the first prop firms to scrap the Challenge deadline. It remains one of the sole platforms that give their traders real money to trade with instead of demo accounts and copy trading. Given the importance of trading in a pressure-free and trust-filled environment, these two features make FunderPro an excellent choice of Challenge and a welcome addition to the prop firm arena.
What to look for in a FUNDERPRO Alternative?
The chance for unlimited time to complete the challenge is truly rare in the prop firm industry and sets this platform leagues ahead of some of its competitors. There are fundamental rules (profit goals that vary according to account size, for example) but these are minimal and do not hamstring the account holders in any way.
Best FUNDERPRO alternatives – Proprietary Trading Firms like (or better than) FUNDERPRO
Rating breakdown
Things we liked:
FTMO charges a one-time fee onlyFTMO has generous conditions for its traders
Things we didn't like:
Complaints about the platform freezingComplaints about lack of customer support
FTMO Overview
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Rating breakdown
Things we liked:
it takes a low percentage cut on your profitsThings we didn't like:
Not one-off paymentChallenges perceived to be too hard or pointless
Topstep Overview
Founded in 2012, Topstep has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.
Rating breakdown
Things we liked:
Over 2k Trustpilot reviews with an excellent ratingScaling plan up to $2,000,000
Profit split of 80% up to 90%
Things we didn't like:
Equity-based drawdown on Top Tier Plus accountsNo EAs allowed on Top Tier accounts
No weekend holding on regular Top Tier accounts
Toptier Trader Overview
Founded by trading legends Cue Banks and Anthony (of Anthony’s World) TopTier Trader is a proprietary firm that offers up to $600,000 in funding to traders who pass their 2-stage evaluation. In 2022, TopTier Traders were allocated over $150 million in company capital and the firm is now present in over 108 countries worldwide.