- Four funding programs
- 4.3/5 Trustpilot
- Timely customer support
- Unique account types
- Organized trader dashboard
- One-step evaluation program
- Up to $200,000 accounts
- Wide financial instruments
- No max trading days
- Freedom in trading strategies
- New market player
- Limited company history
Forex Prop Firm is a reputable proprietary trading firm providing traders with a range of funding programs and unique features. This detailed review of Forex Prop Firm offers insights into their services, client testimonials, and comparisons with other firms. Let’s dive into the key takeaways from our review.
| Firm Name | Forex Prop Firm (FPF s.r.o.) |
| Maximum Leverage | 1:30 |
| Profit Split | Up to 90% |
| Initial Capital | Account sizes up to $200,000 |
| Capital Growth Plan | Invest 10% of your account size that you make on your funded account. |
| Evaluation Process | One-step, Two-step, No Time Limit Two-step Challenges, Instant Funding |
| Trading Instruments Available | Forex pairs, commodities, indices, stocks, cryptocurrencies |
| Trading Platform Supported | MT4, MT5 |
| Rules and Restrictions | Freedom to use most EAs, hold positions over weekends/overnight, no mandate on stop losses |
| Support and Education | Responsive customer support, presence on social media platforms |
| Withdrawal Terms | Bi-weekly withdrawals (specific to the Two-step Challenge) |
| User Reviews/Rating | Trustpilot rating of 4.3/5 |
Key Takeaways
- Forex Prop Firm offers four unique funding programs
- Excellent Trustpilot rating of 4.3/5
- Traders praise the timely and helpful customer support
- Comparison with other firms highlights unique account types and features
- Access to a well-organized trader dashboard
Forex Prop Firm Overview
About Forex Prop Firm
Forex Prop Firm, legally known as FPF s.r.o., was established in January 2022 and is situated in Montreal, Canada. The firm stands out in the proprietary trading industry for its commitment to providing traders with a comfortable and flexible trading environment. With a range of funding programs and a partnership with Eightcap as their broker, Forex Prop Firm caters to a diverse clientele.
Key Offerings:
- One-step evaluation program
- Two two-step evaluation programs
- Instant funding program
- Account sizes up to $200,000
- Up to 100% profit splits
Forex Prop Firm is praised for its responsive customer support and the efficiency in setting up live accounts post-evaluation. Clients appreciate the straightforward process and the firm’s presence on various social media platforms.
As a relatively new player in the market, Forex Prop Firm has quickly gained a reputation for its unique funding programs and the ability to trade a wide array of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.
CEO of Forex Prop Firm
At the helm of Forex Prop Firm is CEO Jonathan Dufresne, whose leadership has been pivotal in steering the company since its incorporation in January 2022. His vision for the firm is reflected in the unique funding programs and the commitment to providing traders with a robust trading environment.
Jonathan Dufresne brings a wealth of experience to the firm, fostering a culture of innovation and growth. Under his guidance, Forex Prop Firm has developed a reputation for responsive customer support and a straightforward process for traders to establish live accounts upon passing evaluations.
Forex Prop Firm, under Dufresne’s direction, aims to offer traders the flexibility to manage account sizes up to $200,000 and the potential to receive up to 100% profit splits.
While details about Dufresne’s background and strategic plans for the firm are forthcoming, his current impact is evident in the firm’s operational success and positive client interactions.
Unique Funding Programs
Forex Prop Firm distinguishes itself with four unique funding programs tailored to meet the needs of diverse traders. The One-step Challenge is particularly notable for its straightforward approach, requiring traders to hit a 10% profit target to manage a funded account with up to 100% profit splits.
- One-step Challenge: Single phase, 10% profit target, 90-100% profit splits.
- Two-step Challenge: Two phases, no maximum trading days, bi-weekly withdrawals.
- No Time Limit Two-step Challenge: Unlimited trading period, up to 100% profit split.
- Instant Funding: Direct funding without evaluation phases.
Forex Prop Firm’s programs are designed without a maximum trading day requirement, but traders must be active for a minimum of 3 calendar days. The Timeless Funding option stands out with its scaling plan, allowing for the management of larger accounts. Compared to competitors, these programs offer flexibility and a generous profit share, even from demo phases.
The firm’s commitment to providing a comfortable trading environment is evident through these tailored programs, each with its own set of advantages to accommodate various trading strategies and experience levels.
Forex Prop Firm Services
Trading Instruments
ForexPropFirm offers a diverse range of trading instruments to cater to the varied needs of traders. Clients have the flexibility to trade forex pairs, shares, cryptocurrencies, metals, and indices. This extensive selection ensures that traders can diversify their portfolios and not be limited to a single asset class.
ForexPropFirm is particularly noted for its inclusion of 40 forex pairs, 30 shares, 25 cryptocurrencies, in addition to various metals and indices. The firm’s approach to trading instruments is designed to accommodate both conservative traders and those seeking to explore more volatile markets.
The firm’s policy allows traders to use most Expert Advisors (EAs), hold positions over weekends and overnight, and does not mandate the use of stop losses. This level of freedom is highly appreciated by traders who employ a wide range of strategies.
The table below summarizes the trading instruments available at ForexPropFirm:
| Asset Class | Number of Instruments |
|---|---|
| Forex Pairs | 40 |
| Shares | 30 |
| Cryptocurrencies | 25 |
| Metals | Various |
| Indices | Various |
Traders are encouraged to take advantage of the firm’s simple drawdown limits and the absence of complicated restrictions, which are often seen in other prop firms. The straightforward calculation of staying above 90% of the initial balance and not losing more than 5% in a day is a testament to the firm’s trader-friendly policies.
Funding Programs
Forex Prop Firm offers a variety of funding programs tailored to meet the needs of traders at different levels of their career. The One-step Challenge is particularly popular, as it allows traders to quickly qualify for a funded account by meeting a 10% profit target in a single phase. This program offers an attractive profit split of 90% to 100%, incentivizing traders to perform at their best.
In addition to the One-step Challenge, the firm provides the Two-step and No Time Limit Two-step Challenges, which involve two-step evaluations. These programs are designed for traders who prefer a more gradual approach to qualification. For those looking for immediate access to capital, the Instant Funding program is a direct funding option that bypasses the evaluation process.
Forex Prop Firm’s funding solutions are crafted to support traders in their journey to financial success, offering flexibility and a clear path to scaling up account sizes.
Here is a brief overview of the funding programs available:
- One-step Challenge: Single phase, 10% profit target, 90-100% profit split
- Two-step Challenge: Two-step evaluation, minimum trading days required
- No Time Limit Two-step Challenge: Two-step evaluation, no maximum trading day requirement
- Instant Funding: Direct funding without evaluation
Each program is designed with the trader’s success in mind, providing reliable and efficient pathways to managing larger accounts and achieving financial goals.
Trader Dashboard
The Trader Dashboard is a critical component of Forex Prop Firm’s service offering, providing users with a user-friendly portal to manage their trades effectively. Ease of navigation and clarity of information are the hallmarks of this well-designed interface. Traders can effortlessly monitor their loss limits, profit targets, and returns, which are displayed prominently at all times.
The dashboard eliminates the need for minimum trading days, allowing traders the flexibility to trade on their own schedule without the pressure of meeting arbitrary thresholds.
Key features of the Trader Dashboard include:
- Real-time account monitoring
- Clear display of trading parameters
- Quick access to trading tools and reports
- No minimum trading day requirement
This intuitive dashboard empowers traders to make informed decisions and stay on top of their trading game with ease and precision.
Forex Prop Firm Review
Trustpilot Rating
Forex Prop Firm has garnered attention on Trustpilot, showcasing a strong presence with an impressive score. The firm boasts an excellent rating of 4.3 out of 5, based on a substantial number of reviews, which reflects a positive consensus from the trading community.
The feedback highlights the firm’s commitment to providing exceptional customer support and the swift response to client inquiries, including the provision of login credentials within 48 hours.
Here’s a quick snapshot of their Trustpilot performance:
| Aspect | Detail |
|---|---|
| Score | 4.3/5 |
| Total Reviews | 582 |
| Customer Support | Noted as Excellent |
| Response Time | Within 48 hours |
Clients appreciate the firm’s proactive approach to incorporating suggestions and continuously improving the trading environment. This level of engagement and responsiveness is a testament to their dedication to client satisfaction and operational transparency.
Client Testimonials
Forex Prop Firm prides itself on the positive feedback received from its clients. Client satisfaction is a cornerstone of their business, with traders frequently noting the firm’s responsiveness to suggestions and improvements. The firm’s commitment to enhancing the trading environment is evident through the testimonials shared by users.
Client experiences highlight the firm’s strengths:
- Fast and easy payouts
- Smooth and reliable trading servers
- Helpful and quick customer support
- User-friendly trader dashboard
The firm’s dedication to providing a seamless funded journey is reflected in the 24/5 customer support and the efficient handling of payouts and technical queries.
The Trustpilot platform showcases a variety of positive reviews, emphasizing the firm’s credibility and the trust it has built within the trading community. Forex Prop Firm’s approach to client feedback and its transparent communication channels contribute significantly to its high client retention rates.
Comparison with Other Firms
When comparing Forex Prop Firm with its competitors, it’s clear that the firm sets itself apart with its unique funding programs. Forex Prop Firm offers a No Time Limit Two-step Challenge, which is particularly attractive for traders who prefer a less pressured environment to showcase their trading skills.
Forex Prop Firm’s flexibility in trading requirements, such as no maximum trading day rules and a generous profit split, positions it as a strong contender in the industry.
Here’s a brief comparison with other top firms:
- True Forex Funds: Known for tight spreads and simple rules, with a high overall rating of 9.1/10.
- FTMO: Esteemed for its reputation as the ‘Gold Standard’ of prop trading, scoring an 8.9/10.
- E8 Funding: Offers competitive terms but with different evaluation criteria.
Each firm has its strengths, but Forex Prop Firm’s commitment to trader success and satisfaction is evident through its innovative approach and positive client feedback.
Conclusion
In conclusion, Forex Prop Firm is a reputable and trustworthy proprietary trading firm that provides traders with a range of funding programs and special features. Their excellent Trustpilot rating, professional trader dashboard, and variety of trading instruments make them a desirable choice within the prop trading industry. With flexible account sizes, substantial profit splits, and favorable trading conditions, Forex Prop Firm offers a comfortable trading environment for traders worldwide. Their responsive customer support and positive client feedback further solidify their reputation as a reliable prop firm. Overall, Forex Prop Firm stands out as a reputable and desirable choice for traders seeking a reliable and flexible trading platform.
Frequently Asked Questions
What funding programs does Forex Prop Firm offer?
Forex Prop Firm offers four unique funding programs, including a one-step evaluation, two two-step evaluations, and an instant funding program. Each program has its own set of features and benefits for traders.
Where is Forex Prop Firm located?
Forex Prop Firm is located in Montreal, Canada. Their headquarters are at 288 Christin, J5z 4n1, Qc, Canada.
Who is the CEO of Forex Prop Firm?
Jonathan Dufresne is the CEO of Forex Prop Firm. He has been managing the firm since its incorporation in January 2022.
What trading instruments are available at Forex Prop Firm?
Forex Prop Firm provides access to a large variety of trading instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.
What is the Trustpilot rating of Forex Prop Firm?
Forex Prop Firm has an excellent Trustpilot rating of 4.3/5, indicating high satisfaction among its clients.
What are the unique features of Forex Prop Firm’s funding programs?
The funding programs at Forex Prop Firm offer unique features such as no minimum trading day requirements, no maximum trading period (except Two-step Challenge), bi-weekly payouts, profit share of up to 100%, and more.
How does Forex Prop Firm differ from other prop firms?
Forex Prop Firm differs from other prop firms by offering four unique account types, a variety of favorable features, and a comfortable trading environment for traders.
What are the benefits of using the Trader Dashboard at Forex Prop Firm?
The Trader Dashboard at Forex Prop Firm provides a well-organized platform for traders to simplify risk management, consolidate trading objectives, and access trading statistics in one location.
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