Hi, I’m pleased to welcome you to my FX2 Funding Review.
Are you looking for funding to make your dream come through in forex trading?
You might have experience trading, but you’re facing financial constraints.
Tons of proprietary firms promise to offer their traders funds to make their dreams come true.
However, not all these firms fulfill their promises.
Aside from the strict evaluation process you’ll usually undergo, getting such funds might be nearly impossible.
And that is no different to FX2 Funding proprietary firm.
But whether it fulfills its promises or not remains in the balance.
And for that reason, I opted to offer you a detailed review.
Ultimately, you can make a well-informed decision by trying it or seeking another alternative.
That said, let’s get rolling…
Summary of FX2 Funding Review
Product Name: FX2 Funding Proprietary Firm
Product Type: Proprietary Firm
Evaluation Fee: Starting from $95
Official Site: https://fx2funding.com
Overall Rating: 7/10
My Recommendation: Not for everyone; read on to see why
FX2 Funding Review – Overview
FX2 Funding is a proprietary firm that offers funding for traders.
To join the funded program, you’ll first have to prove that you can trade their instruments consistently, as expected.
You must also prove you’re highly profitable as expected by attaining their set profit target.
In addition, the program also has a set of trading rules that you must abide by.
To confirm all these, the prop firm has a one-stage evaluation process you must pass.
You’ll have to meet all the conditions available to get your account approved.
You get upgraded to a live-funded account when you pass the evaluation process.
After that, the prop firm will award you a profit share of up to 85%.
The high-profit share given in the program is to motivate you to make more profits and grow your profit.
The prop firm also offers a scaling plan that can increase your trading account balance to a maximum of $1,000,000.
And the program expects you to stay as profitable as possible to benefit from their scaling plan.
What makes FX2 Funding unique from other proprietary firms is that it doesn’t set a trading time limit for you.
This means that you can trade for a longer period as you want as long as your account doesn’t remain inactive for more than thirty days.
In addition, you’ll only have to trade for a minimum of ten days to pass the evaluation stage and join the live-funded account.
Pros Of FX2 Funding
- Offers a higher profit share of up to 85%.
- Offers a scaling plan which increases your account balance by up to 20%.
- Enables you to scale your account to a maximum balance of $1,000,000.
- Doesn’t set a maximum trading time limit for traders, allowing you to trade at your own speed.
- Only have a one-stage evaluation process.
- Offers numerous account sizes with an account balance of up to $200,000.
Cons Of FX2 Funding
- The withdrawal of scaled capital in the live account is discouraging.
- Doesn’t allow withdrawal when the account is in the scaling process.
- The account locking period is too long as it takes up to sixty days.
- The refund policy comes with no guarantee.
Who Should Sign Up with FX2 Funding?
FX2 Funding Prop firm targets consistent and profitable trades with a great passion for trading in the forex industry.
For this reason, you MUST have the mindset of trading in the forex market and be able to trade their instruments.
The prop firm allows you to trade indices, crypto, and forex pairs.
In addition, you must abide by their trading rules.
So, if you meet all these criteria, you can join FX2 Funding and try your luck.
Who Should Not Sign Up with FX2 Funding?
If you aren’t talented in trading in the forex market, this program is not for you.
You might fail to reach the profit targets set by the prop firm and eventually get no approval.
Remember, you’ll only start benefiting from the program if your account gets approved and now trade with a live-funded account.
What Is FX2 Funding?
FX2 Funding is a proprietary firm that offers prop traders an opportunity to trade in the forex industry.
The prop firm offers traders to trade with up to $200,000 account balance in their trading account and earn up to 85% profit share.
The FX2 Funding has up to five account sizes with balances starting from $10,000, $25,000, $50,000, $100,000, and $200,000.
As such, you must choose your preferred account size and start trading with their evaluation stage before approval.
From there, you’ll get a live-funded account and start earning profits.
The prop firm is the most straightforward prop firm with only one stage evaluation process.
So, if you’re a consistent and profitable trader, you’ll get promoted in no time immediately when you reach the set profit target.
In addition, the program will allow you to apply for a scaling plan when you’re highly profitable in your live-funded account.
How Does FX2 Funding Work?
The FX2 Funding provides you with different account sizes to trade forex and get a profit share from their live-funded accounts.
Here are the funding programs available in the prop firm:
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The Starter Account Size
The starter account size is the smallest in the FX2 Funding, with an account balance of $10,000.
If you choose the starter account, you’ll get a profit share of up to 85% in your live-funded account.
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The Intermediate Account Size
The intermediate account has an account balance of $25,000.
The programs also award a profit share of up to 85% for people who get approved to the live funded account with this account.
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The Professional Account Size
The professional account size has an account balance of $50,000.
You’ll get up to 85% profit share in the professional account.
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The Expert Account Size
In the expert account, the tradable account balance is $100,000, with a profit share of 85% in the live-funded account.
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Master Account Size
This is the highest account size in the prop firm platform with an account balance of $200,000.
You’ll also get a profit share of 85% if you proceed to the live-funded account with the Master account.
After choosing your preferred account size, you’ll begin trading in the program.
Here are the available trading stages in the FX2 Funding platform:
The Evaluation Process.
You’ll begin trading in the evaluation stages.
In the evaluation stage, you’ll trade and get a profit target of 10% on your account balance.
However, the prop firm allows trading the way you want without setting any time conditions to trade.
You ought to meet the set profit target in 10 days, with the maximum number of trading days not set.
For this reason, you’ll only have to trade for at least ten days to meet the target and extend the number of trading days if you want.
You, therefore, have as much time as you may request when trading in the FX2 Funding platform.
Their main goal is to see you hit the profit target and proceed to the next stage until you get approved for their live-funded account.
However, you must set your time limit for trade to reach the live-funded account as fast as possible.
Account Approval
When you complete the evaluation stage, you’ll get your account approved to start trading in their live-funded account.
Remember, the FX2 Funding only has a one-stage evaluation process to pass for you to qualify for their live-funded account.
In the live funding account, you’ll begin trading with real money and earn up to 85% profit share.
The profit share is available in any of the account sizes you choose to trade within the platform.
For your account to get approved, you must obey the trading rules available in the program.
What Are The Trading Rules Used In FX2 Funding?
FX2 Funding only has three trading rules to follow and approve your account.
These rules include the following:
- Maximum Drawdown Rule
In the maximum drawdown rule, your account shouldn’t record a 5% on its total balance.
When this happens, your account gets trailed until the time you’ll get a return of 5% on your account.
And due to that, your account stops trailing once you get the 5% return back to the account.
- Daily Drawdown Rule
The daily drawdown rule states that your account should not incur a 4% daily drawdown.
For this reason, when trading, you must ensure your account doesn’t record a drawdown of 4% in a single day.
- Inactivity Rule
In the inactivity rule, your account shouldn’t remain inactive for over thirty days.
In case your account remains inactive for more than the agreed period of thirty days, you might risk the account closure.
On the other hand, the program expects you to trade for at least ten days to meet the profit targets.
So, even though the program doesn’t set a time frame to complete the trading, you must also adhere to the trading rules.
You can trade in their live-funded account if you abide by the trading rules.
Related: Leveled Up Society Review
What is the FX2 Scaling Planning?
When you start trading in the live funded account, the prop firm allows you to scale up your account.
In their scaling plan, FX2 Funding allows you to grow your account to your preferred value.
However, you must reach their trading goal by hitting a profit of 10% on your initial balance before your request gets granted.
After attaining the 10% profit target on your live funded account, your account will be increased.
The increase in your account will be granted by a 10% gain, which means your account will be scaled by 10%.
The program uses the scaling plan to showcase your ability to trade as they try to show you that you know how to trade.
For this reason, the scaling plan only targets traders who are highly profitable and are, therefore, able to produce more profits.
So, if you want to get your account scaled, you will follow the steps below:
- Hit a profit target of 10% in your account.
- Forward a message to the prop firm customer care team that you want to lock up your profits.
Remember that when your profits are locked, you cannot withdraw them for sixty days.
In addition, if you unlock your account after sixty days and withdraw your profits, FX2 Funding will also withdraw its scaling capital.
This means that your account will now remain minus the scaling capital provided.
The program scales your account by 20% every time you hit the profit target of 10% after locking up your profits.
The maximum scale-up mount available in the prop firm is $1,000,000.
What Is The FX2 Funding Trusted Broker?
FX2 Funding works with a globally regulated broker called the EightCap.
EightCap enables the platform to conduct larger and long-term financial transactions on a large scale.
The broker is powered worldwide and is in a strong relationship with FX2 Funding to make it the best prop firm in the world.
What trading instruments are allowed in FX2 Funding?
The FX2 Funding allows you to trade up to three main instruments.
The instruments include:
- Forex pairs
- Indices
- Cryptocurrency
Trading Leverage Used In FX2 Funding
FX2 Funding uses the following leverage in the trading instruments available:
- Forex Pairs 1:10
- Indices 1:5
- Cryptocurrency 1:2
What Are The Steps For Joining FX2 Funding?
FX2 Funding offers you the easiest way to become their prop trader.
If you want to join it, you will have to follow the following steps:
- Step One: Registration
You’ll begin by registering for the program, where you’ll enter your details to join their membership program.
The prop firm requires you to enter your valid email address and create your password.
You will then continue by choosing your account size and making your payment.
- Step Two: Start Trading
After completing your purchase of the account size, you want to trade with, you’ll commence trading.
The prop firm allows you to trade at your own pace using your style to maximize your profit outcome.
The program first takes you through the evaluation trade to check if you can become a profitable trader.
- Step Three: Demonstrating A 10% Profit Gain.
During the evaluation stage, the program will expect you to demonstrate that you can reach a target of 10% profits in your trading account.
The target should be met while respecting the trading rules set.
- Step Four: Receive Approval For A Live Funded Account
Ultimately, you’ll get approved for a live-funded account after meeting all the conditions set.
After getting the live funded account, you’ll start trading with real money rather than the virtual money used in the evaluation accounts.
In addition, the prop firm will begin awarding you a profit share based on your profits.
What Are The Benefits Of Joining FX2 Funding?
Here are some of the fantastic offers you’ll enjoy as an FX2 funding prop trader:
- Scaling Up Your Account Up To $1,000,000.
When you start trading with the live funded account, FX2 Funding allows you to scale your account.
Your account balance will increase by 20% upon applying for the scaling plan.
This enables you to grow your account to the maximum balance of $1,000,000.
- Higher Profit Share
FX2 Funding offers you the best profit share of up to 85%, irrespective of the account size you choose to trade with.
Once your account is approved, this profit share is available, and you start trading with their live-funded account.
The higher profit share motivates you to trade more and earn more profits to help you achieve financial freedom.
- No Trading Time Limit Set For Traders
When you join FX2 Funding, you’ll enjoy trading and sapped in your own time frame.
This makes the platform a better alternative for traders who want to trade with a relaxed mindset, provided you achieve their set profit target.
You’ll only have to trade for at least ten days with your account not remaining inactive for more than thirty days to be on the safer side.
- Numerous Account Sizes
FX2 Funding offers you numerous account sizes to choose from, ranging from the starter account to the Master account.
The many account sizes enable you to select according to your wallet.
This makes it suitable for beginners with low income and professionals wanting to advance their trading opportunities.
What Is The Cost Of Joining The FX2 Funding?
The cost of Joining FX2 Funding depends on the account size you choose to trade within the platform.
The fees payable in the program are also all one type of fee, without recurring any amount after joining the prop firm.
In addition, the prop firm promises to refund the fees when the trader is unsatisfied with the platform services.
Here are the available account sizes with their corresponding fees:
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The Starter Account
The starter account with an account balance of $10,000 will cost you $125 $95 to purchase.
The profit share in the starter account is 85%, with a profit target of $1000.
In addition, the maximum daily loss in the starter account totals $400, and a maximum drawdown of $500.
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The Intermediate Account
The intermediate account with an account balance of $25,000 will cost you $315 to purchase.
The profit share in the starter account is 85%, with a profit target of $2,500.
In addition, the maximum daily loss in the starter account totals $1000, and a maximum drawdown of $1,250.
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The Professional Account
The Professional account with an account balance of $50,000 will cost you $500 to purchase.
The profit share in the starter account is 85%, with a profit target of $5,000.
In addition, the maximum daily loss in the starter account totals $2000 and a maximum drawdown of $2,500.
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The Expert Account
The Expert account with an account balance of $100,000 will cost you $900 to purchase.
The profit share in the starter account is 85%, with a profit target of $10,000.
In addition, the maximum daily loss in the starter account totals $4000, and a maximum drawdown of $5,000.
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The Master Account
The starter account with an account balance of $200,000 will cost you $1,800 to purchase.
The profit share in the starter account is 85%, with a profit target of $20,000.
In addition, the maximum daily loss in the starter account totals $8,000 and a maximum drawdown of $10,000.
Is FX2 Funding A Scam?
In my opinion, FX2 Funding is NOT a SCAM.
The prop firm allows traders to trade in the forex market by providing the necessary funds.
The program only requires you to pass their one-stage evaluation process.
In addition, the prop firm allows you to trade within your set time frame, making it perfect for traders who want to trade with a relaxed mind.
However, it is your speed of trade and the profits you make that will help you grow your account and earn more.
So, if you aren’t more profitable, you’ll not grow your account and make significant profits as expected.
Sometimes your lower trading speed and profit amount may make you fail to meet the profit target set in the evaluation stage.
This means you’ll not get your account approved to start trading with their live-funded account.
In addition, you must trade for at least ten days and avoid making your account inactive for more than thirty days.
And looking at these criteria set in the FX2 Funding, it seems not for everyone.
Not all the people who want to join the forex industry will be able to meet all these criteria.
As you know, nothing comes easy, meaning hard work and more effort play a role in successfully trading in the prop firm.
Alternative Prop Firm: FundedNext
My Assessment Of The FX2 Funding
Here are the criteria and ratings that I think FX2 Funding deserves from my point of view:
Profits Split – 8/10
The prop firm offers a profit share of up to 85%, which is very good for upcoming traders who want to grow their accounts.
You can easily grow your account faster and achieve your financial goals with a higher profit share.
Scaling Opportunities – 6/10
The program offers an impressive scaling opportunity that can increase your account size by 20%.
However, the opportunity has some discouraging conditions, including locking your profits to prevent withdrawals.
In addition, the scaling capital also gets withdrawn from your account if you start your profits.
Profits Targets – 6/10
The profit targets set by FX2 Funding are very realistic for more profitable traders.
For instance, you only need to reach a profit target of 10% to get your account approved and 10% to qualify for a scaling plan.
This means that if you have an account size of $10,000, you’ll only have to get a profit of $1,000 to get your account approved.
Affordability – 8/10
FX2 Funding is among the most affordable prop firms, with its account size starting with as low as a $10,000 balance.
The smallest account size in the program will only cost you $125, which is quite fair compared with the prices of account sizes of other prop firms.
Trader Supports – 8/10
FX2 Funding offers 24/7 support to their traders to ensure they get the best of their traders.
Their support team is available to support traders whenever they get contacted, which makes them more of a help to the prop traders.
According to the prop firm, the main goal is to see you succeed in trading and achieve the best result.
Tradable Assets – 7/10
FX2 Funding offers the most popular tradable assets, including forex pairs, indices, and crypto, which are common in the forex market.
These assets are the easiest to trade and the most preferred by many traders in the forex industry.
Trustworthiness – 6/10
Based on the services offered by the prop firm and its excellent rating on the rating platforms such as Trustpilot, the prop firm seems trustworthy.
Most of the traders are showing satisfaction with the services offered in the program and their fair-trading rules.
The negative reviews only come in their scaling plan, which has some challenging conditions for most traders.
My Overall Rating: 7/10
I give an overall rating of 7/10 because it is a new prop firm proving good in the market.
The program’s opportunities and services favor most prop traders, both beginners and professionals.
What Are People Saying
Here are the reactions of prop traders and other stakeholders about the FX2 funding online:
Trustpilot
In Trust Pilot, the program has attracted an excellent rating of 4.3/5 stars at the time I put together this review.
This rating was analyzed from a sample of 37 reviews.
This shows the traders’ higher satisfaction level for the program, with most of them rating it at five stars.
The FX2 Funding platform also has a Facebook fan page where they have a rating of 5.0.
In addition, the prop firm has more than 39K followers with more than 38k likes on its page.
The prop firm has attracted up to 1608 followers on their Twitter page with 2971 followers.
Overall
The prop firm is generally showing impressive growth in its social media pages and the Trustpilot platform.
The program seems to be more focused on becoming one of the top best prop firms in the world based on its positive progress online.
FAQs About FX2 Funding
How Can I Request For Payout In The FX2 Funding Platform?
When you are eligible for a withdrawal, you can request a payout by clicking the withdrawal button in the dashboard.
You will get redirected to your wallet to enter the amount you want to withdraw.
All the payout requests made in the FX2 Funding platform are processed via Deel.com, which requires you to have a Deal account.
How Can I Get A Deal Account From the FX2 Funding Platform?
When you complete your evaluation process, the program will allow you to create your Deel.com account before approving your trading account.
You’ll then receive instructions on the platform on how you can successfully create your Deal.com account.
Your Deal.com account will enable you to get your payouts in the platform via your PayPal account, Payoneer, Binance, Coinbase, wise and bank transfer.
Does FX2 Funding Allow Traders Trade With Expert Advisors?
FX2 allows you to trade with scripts, indicators, and EA and copy traders on their platform.
However, the program does not allow malicious practices or take advantage of the latency or arbitrage pricing, which are against the trading rules.
The program can detect any kind of trading resulting in malicious practices and automatically shut down the account.
How Can I Lose My FX2 Funding Live Funding Account?
You risk losing your account if you fail to meet three main things in the prop firm.
First, when you fail to respect the daily and maximum drawdown limits.
If your account remains inactive for more than thirty days and if the program detects any malicious practices in your account.
Feel free to watch this video review of FX2 Funding prop firm:
Thank you for reading my FX2 Funding Review.
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I’ll be glad to see your comment in the section below.