TradingFunds Review

TradingFunds takes immense pleasure in delivering a cutting-edge prop trading experience, allowing their traders to seamlessly explore global markets and complete trades with precision and speed.

Offering unparalleled prop trading experiences, TradingFunds addresses the challenges faced by countless traders. Their platform aids traders in smoothly exploring global markets and performing trades with both speed and accuracy. With a proven track record of ushering success for traders, they stand as a dependable partner for trading enthusiasts worldwide.

Who are TradingFunds?

TradingFunds, a nascent proprietary trading firm, was established in February 2023 and is headquartered in Dubai, United Arab Emirates. They present disciplined and undercapitalized traders the opportunity to receive up to $2,000,000 in funding, boasting a profit split ranging from 80% to 90%. Notably, they have collaborated with Eightcap as their primary broker. Their central office is prominently located within the Emirates Financial Tower in Dubai.

Who leads TradingFunds?

Philip Hall helms the enterprise as the CEO of TradingFunds. Be on the lookout for more insights about their CEO in our upcoming updates!

Funding Program Opportunities

TradingFunds presents traders with a straightforward evaluation system across four diverse account dimensions.

Evaluation Program Accounts:

TradingFunds' evaluation program is curated to pinpoint dedicated traders and magnify their profit generation potential. Traders demonstrating consistent performance throughout the single-phase evaluation are duly recognized. The evaluation account commences with a leverage of 1:10.

To advance beyond the evaluation, a trader must achieve a 10% profit target, ensuring they don't breach the 6% maximum trailing drawdown regulation. There's flexibility in trading days, with the primary criterion being the attainment of the profit goal.

Upon successfully clearing the evaluation, traders are granted a funded account devoid of any profit benchmarks. The primary directive remains the 6% trailing loss limit. The maiden payout is scheduled 14 calendar days post the first trade on the funded account, with subsequent payouts adhering to a fortnightly cycle. Profit splits oscillate between 80% and 90%, contingent on the account's profit generation.

Evaluation Account Augmentation Strategy

A unique feature of the evaluation accounts is the scaling plan. An account elevation is achievable upon meeting a 10% profit target, with the magnitude of the increment determined by the trader's current account size.

Traders have access to diverse trading instruments, encompassing forex pairs, commodities, indices, and cryptocurrencies.

Rules for the Evaluation Program Account

• Profit Target: A pre-defined profit percentile, vital for completing the evaluation, withdrawing profits, or scaling the account. The set benchmark for evaluation programs stands at 10%.
• Maximum Trailing Drawdown: Defined as the variance between peak account balance and the most significant drawdown. All account sizes adhere to a 6% trailing drawdown.
• Mandatory Stop-loss: Traders must establish a stop-loss for every trade prior to execution.
• Stop-loss Risk: Each trade mandates a 2% stop-loss risk.
• Third-party Copy Trading & EA Risks: Utilizing third-party copy trading or EA services may jeopardize funding or withdrawal eligibility due to potential breach of the maximum capital allocation rule.

TradingFunds' Distinctiveness

What sets TradingFunds apart from its peers is the unparalleled freedom in trading style. There's liberty to trade amidst news, retain trades overnight, and during weekends. However, mandatory adherence to the stop-loss regulation and the 2% risk cap per instrument remains.

Unlike many competitors, TradingFunds' evaluation is a singular phase demanding traders to hit a preset profit mark to qualify for payouts. Key metrics include a 10% profit goal, a 6% trailing drawdown, mandatory stop-loss, and a 2% stop-loss per trade. The absence of trading day limitations offers traders the luxury of pace, devoid of any time-induced stress.

In essence, TradingFunds stands out for its trader-friendly approach, sanctioning news trades, overnight holds, weekend trading, while emphasizing adherence to key trading directives.

Is Acquiring TradingFunds Capital Feasible?

In scouting for prop firms aligning with your forex trading ethos, the practicality of trading requisites is paramount. While enticing profit splits on hefty funded accounts sound tempting, unrealistic expectations can render success elusive.

Acquisition of capital from TradingFunds seems viable, given the balanced 10% profit objective against a 6% maximum trailing drawdown.

Taking into account their diverse offerings, TradingFunds emerges as a prime choice for aspiring traders, offering pragmatic trading objectives and conducive conditions for profit withdrawals.

Proof of Payment

Established in February 2023, TradingFunds is relatively new, hence there isn't any documented evidence regarding trader payouts yet.

Payments are initiated 14 days post the inaugural trade on your funded account. Traders stand to gain an impressive profit split, ranging from 80% to 90%. Payments are processed on the very day, but if you opt to defer your withdrawal beyond the 14-day window, you can persist trading on your account until the succeeding profit split. In instances where no profit is accrued at the withdrawal juncture, your trading span gets automatically protracted.

Which brokerage is associated with TradingFunds?

TradingFunds collaborates with Eightcap as its brokerage partner.

Stationed in Melbourne, Australia, Eightcap is overseen by ASIC regulations. Incepted in 2009, their primary objective was to deliver superior financial services to clientele. With a presence spanning five global offices and regulatory frameworks in diverse locations, they offer clients an expansive spectrum to trade across FX, indices, commodities, and shares.

In terms of trading platforms, the available options encompass:

• MetaTrader 4
• MetaTrader 5

Trading instruments

TradingFunds lets you trade forex pairs, commodities, indices, and cryptocurrencies with a maximum of 1:10 leverage. This can later be scaled to 1:100.

Spread:

To access the live spreads, use these login details for the trading account below:

Platform: MetaTrader 5

Server: Eightcap-Demo

Login Number: 3028689

Password: cye3enbr

Download Platform: Download

Educational & Assistance Initiatives for Traders

TradingFunds extends an array of educational resources found under their News segment. Here, traders can sift through an assortment of announcements, trade-centric suggestions, and overarching news stories related to forex trading.

Moreover, TradingFunds features a systematically organized trading interface, facilitating easy tracking of trader milestones. This proves instrumental in aiding traders to regulate risk while monitoring progress on their evaluation or funded accounts.

Trader Feedback on TradingFunds

The trader community showers TradingFunds with commendable reviews.

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On Trustpilot, the platform shines with a stellar 4.3/5 rating based on 9 critiques. Yet, it's pivotal to realize that TradingFunds, given its novelty in the evaluation program, is still expanding its feedback repository. This limited feedback stems from their recent initiation in February 2023.

Digital Presence

You can trace TradingFunds across various social media channels, including:

• Instagram profile
• Facebook page
• Twitter handle

Customer Assistance

TradingFunds hosts a comprehensive FAQ section, elaborating on company specifics and guidelines imperative for their evaluation program's participants.

Their support squad can be reached via their social media profiles, or for a direct dialogue, drop an email at support@tradingfunds.com.

Adding to the convenience, they provide an almost round-the-clock live chat feature.

Final Thoughts

To sum it up, TradingFunds emerges as a fresh yet credible proprietary trading entity, extending a spectrum of evaluation account sizes.

Their evaluation initiatives hinge on a singular phase challenge, demanding its accomplishment before unlocking funding access and potential profit sharing. TradingFunds mandates traders to achieve a 10% profit landmark to qualify for funding, a pragmatic expectation given the 6% maximum trailing drawdown stipulation. Traders, however, must adhere to the essential stop-loss and the 2% top risk on each instrument, with zero constraints on the time duration. With their evaluation endeavors, traders can amass profit shares between 80% and 90%, coupled with account scaling opportunities.

I'd advocate for TradingFunds for those scouting for a prop firm with flexible trading guidelines. As a budding proprietary trading establishment, they extend conducive terms to a diverse array of traders, each with a distinctive trading flair. After a thorough assessment of TradingFunds' offerings, they undeniably stand out as a tantalizing proposition in the proprietary trading realm.

This appraisal of TradingFunds was refreshed on 07.07.2023 at 12:35 (CE(S)T).

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