Hello, and welcome to my Express Funded Review.
Express Funded promises to help you accelerate your financial goals when trading with their funds in the forex market.
Based on their claims, the company allows you to track your trading journey as your first step toward your success.
The prop firm offers flexible funding options that are aimed at making your venture into your trading career.
You need to take the challenge, showcase your trading skills, and get a funded account to start making money.
From there, you can maximize your earnings with their excellent profit share to achieve your financial freedom.
But can you trust Express Funded based on their claims to give them a chance of your investment and time?
That is why I have written this review to help you out in your decision-making.
In this review, I’m going to provide you with the inside out of the Express Funded.
This includes the meaning of the program, how it works, and the pricing you need to invest for you to get started with your trading journey.
I’ll also take you through my personal opinion on the prop firm as to whether it is worth your money or simply another scam to avoid.
Taking that in mind, let us begin…
Summary of Express Funded Review
Name: Express Funded
Product Type: Proprietary Firm
Evaluation Fee: Starts from $49 depending on the account size, please read from the pricing section.
Official Site: expressfunded.com
Overall Rating: 7/10
My Recommendation: Not for everyone; kindly read my review to see why
Also Read: Instant Funded Review
Express Funded Review – Overview
Express Funded is a prop firm with funding opportunities for its traders online.
The prop firm has different funding programs with account sizes ranging from $5,000 to $200,000.
These programs allow their traders to choose their preferred account size in the platform.
The prop firm is also a better tool that empowers many traders from different parts of the world to venture into forex trade.
By paying them up to 90% of the total profits they make, the prop firm aims at making traders earn more from their trading career.
In addition, the prop firm aims to promote traders with high account sizes through its scaling plan.
They have one of the best scaling plans in the forex market that enable traders to maximize their trade to achieve their financial freedom.
Just like other platforms, Express Funded allows traders to purchase their account sizes at an affordable fee.
However, upon completion of your evaluation process, the company allows you to reclaim back your registration fee.
In your first withdrawal of your profits from the program, you will include the full amount of your registration fee in the platform.
Also Read: Skilled Funded Traders Review
Pros Of Express Funded
- No time limit for traders
- Offers affordable account sizes.
- Offers a risk-free trading.
- Has a relatively good profit share.
- Money back guaranteed.
- Offers a relatively good scaling plan.
- Has a relatively good rating on Trustpilot.
Cons Of Express Funded
- Doesn’t offer a free trial to traders.
- Doesn’t allow copy trading.
Who Should Sign Up with Express Funded?
Express Funded targets to empower traders to realize their potential trading skills in the forex market.
For this reason, you must be skilled in trading or have a passion for trading in the forex market for you to join this platform.
In addition, you must be consistent in your trade, highly profitable, and can also trade within the rules set in the prop firm for you to succeed.
You also need to be at least 18 years of age for you to be accepted in the forex market as a trader.
What you don’t need to worry about is your capital as the company will allow you to trade with their own capital.
You only need to have a small fee you’ll use to purchase your preferred account size to enable you to get started with your trade.
What Is Express Funded
Express Funded is a platform that empowers traders to launch their trading careers.
In their unique funding programs, the prop firm has two phases one and two which traders undertake as their evaluation process.
Upon completing the two phases, the prop firm allows traders to get a funded account where they’ll be trading with the company capital.
From there, traders can explore their trading potential and earn a profit share of up to 90% of the total profits they make from their trades.
By maximizing your earnings, the prop firm promises to help you accelerate your earnings to achieve your financial freedom.
What Is Contained In Express Funded?
Express Funded contains one evaluation phase and a funded account as their first option for funding the program.
In the second option, there is a two-phase evaluation and a funded account funding program available on the platform.
Let us narrow down to each funding program and see what each contains in detail.
One Phase Challenge
In the one-phase challenge funding program, there is only one phase evaluation and a funded account.
This means that you’ll only have to pass through a single-stage challenge before moving to a funded account.
Two Phase Challenge
In the two-phase challenge, there are two stages the evaluation process and the funded account.
This means that when you choose to trade with the two-phase funding program, you’ll have to pass through a two-stage evaluation.
When you complete the evaluation process, you’ll finally move to the funded account where you will start building your financial freedom.
How Does The Express Funded Work?
The Express Funded works by providing you with the opportunity to trade in the forex market using their capital.
By funding your trade in the forex market, the prop firm promises to help you build income while earning more from your trade.
But before you begin trading with the company capital, the prop firm requires you to first choose your funding program.
You’ll have to choose one of the two funding programs available in the program and move to the account size.
There are up to six account sizes available in the platform for each funding program which include the following:
- $5,000 account size.
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
Upon choosing your preferred account size, you’ll begin your trading challenge in the evaluation process.
In the evaluation process, the prop firm requires you to showcase your trading skills, by demonstrating that you can actually trade with their funds.
To prove that you are profitable, the company sets a profit target which you must reach to pass a single stage.
The prop firm also sets other trading rules in its platform to monitor your process and ensure you are consistent in your trading.
Therefore, when trading in the platform, you need to maintain high profitability while observing other trading rules set in the platform.
When you reach the funded account stage, you’ll now start trading with the company funds with no profit target set for you.
The prop firm will now award you a profit share from the total profits you make from your trading.
You can use this profit share to build a passive income online while focusing on achieving your financial goals.
What Are The Trading Rules Used In Express Funded?
Express Funded offers traders a profit share of up to 90% of the total profits you make from your trading.
For instance, if you make a total of $1,000, you’ll get up to $900, while the company only takes the corresponding $100.
This allows you to earn more from your trade and maximize your earnings towards achieving your financial freedom.
Express Funded allows you to trade with a maximum leverage of 1:100.
Express Funded sets its maximum overall drawdown to 12% in the two-phase program and 10% in the one-phase funding program.
For instance, when you are trading on a $10,000 account size, your maximum overall loss will be $1,200.
This means you are not permitted to lose more than $1,200 in your entire trade on the platform.
In the two-phase funding program, the maximum daily loss is set at 4% while in the one-phase funding program, the daily loss is at 3%.
The maximum daily loss is calculated based on the initial account balance as in the case with the maximum overall loss.
The prop firm doesn’t permit you to lose more than a set target in the platform for you to continue with your trading journey in the platform.
In the two-phase challenge, the profit target is set as 8% for the first phase and 5% for the second phase.
As for the one-phase challenge, there is only one profit target set at 10% in their challenge.
You must be able to reach the set profit targets for your challenge for you to qualify for a funded account.
Minimum trading days
In the two-phase challenge, the minimum trading days are set at 4 days for every stage of your trading.
This means that you must spend at least eight days in the entire evaluation phase for you to move to a funded account.
In the one-phase challenge, the minimum trading day is set at 8% in their evaluation phase which you must reach for you to move to a funded account.
Maximum trading days
There are no maximum trading days set in the prop firm for both the one-phase challenge and the two-phase challenge.
This means that you have the opportunity to spend more time to deliver your best trading skills and pass a single stage.
In the funded account, you’re free to trade for your entire lifetime in the platform provided you are observing the trading rules set in the platform.
Express Funded allows you to hold your trades during weekends if you wish to do so on the platform.
Express Funded doesn’t allow trade copiers.
The prop firm ensures all the trades in their platform are conducted by the true trade holders.
News trading is permitted to any trader on the platform.
Using Expert Advisors
Express Funded prop firm doesn’t permit their traders to use Expert advisors while trading in the forex market.
What Is Express Funded Scaling Plan?
Express Funded allows their traders to qualify for a scaling plan which can help them grow their account balance to maximum size.
According to the platform, the scaling plan can help you grow your account size to a maximum balance of $5 million.
You only need to maintain high profitability in the platform for you to qualify for the scaling plan in the platform.
What Is Express Funded Trusted Broker?
Express Funded partners with Purple Trading SC as their trust broker in the forex market.
The Purple Trading SC provides traders with a dependable and efficient platform to ensure all their funds are safe and secured.
The broker is licensed and regulated by the Seychelles Financial Services Authority with a wide range of trading currency pairs online.
By partnering with Purple Trading SC, Express Funded ensures you are equipped with success in your trading journey.
Related Post: Forex Capital Funds Review
What Trading Instruments Are Allowed In Express Funded?
There are varieties of tradable assets accepted in the Express Funded which include the following:
- Forex pairs
On the other hand, Express Funded accepts Metatrader 4 and Metatrader 5 platforms.
These are the two main platforms used to execute trades online for almost all the available prop firms.
So, you only need to check if your devices accept these two platforms before you use them as our devices for trading.
What Are The Benefits Of Joining Express Funded?
- Risk-free trading
When trading with Express Funded, you’ll face a zero-risk reward in the platform.
The prop firm covers all the losses you make in your trading making you worry less of any loss in the platform.
This makes you enjoy your trading towards achieving your financial goals in the forex market.
- No time limit for traders
In most cases, managing time when trading becomes difficult for most traders on the platform making others lose focus in their trade.
For the Express Funded traders, there is no time limit to traders making you spend more time to achieve your desired goals in your trade.
The time limit is crucial for traders looking for experience in their trading in the platform for them to maintain consistency.
- Fee back guarantee
If you qualify for a funded account, the prop firm assures you of a money-back service for your registration fee.
This means that you will be able to withdraw your funds when making your first withdrawal on the platform.
This makes you worry less about losing your registration fee in the platform when you are a profitable trader.
- Excellent profit share
At the Express Funded platform, profitable traders make more money than the platform in their entire trade.
The company awards you an excellent profit share of up to 90% of the total profits you make from your trading.
This makes it one of the top-paying prop firms in the forex market which allows you to easily maximize your earnings in the forex market.
What Is the Cost of Joining Express Funded?
Express Funded is a relatively cheap prop firm allowing you to get an account with as low as $49.
However, the price to own their account greatly depends on the account size you choose and the funding program.
Let us break down the available account sizes and their corresponding prices:
- $5,000 account size costs $49.
- $10,000 account size costs $99.
- $25,000 account size costs $199.
- $50,000 account size costs $299.
- $100,000 account size costs $499.
- $200,000 account size costs $949.
Is There A Refund Policy On The Express Funded?
Express Funded offers a refund of the registration fee to their traders on the platform.
According to the policy, you will receive up to 100% of the registration fee you get from the platform.
For you to qualify for the refund, you only need to pass your challenge and get a funded account on the platform.
You will be able to withdraw your registration fee when making your first withdrawal on the platform.
How Do You Make Payouts In Express Funded?
Express Funded allows you to make your withdrawal from the platform on a bi-weekly basis.
This means that you will be able to access your funds every two weeks or 14 days of your trade.
There are no restrictions to traders allowing you to withdraw as many times as you want.
In addition, the prop firm allows payment via bank transfer and many other modes of payment.
You only need to check if your mode of payment is accepted in the platform for you to get started.
Is Express Funded A Scam?
In my opinion, the Express Funded prop firm is NOT a SCAM.
The prop firm offers you unique funding opportunities aimed at empowering you to succeed in your trading.
Express Funded also has one of the cheapest account sizes in the market which makes it affordable to many traders.
In their funding programs, they have reliable profit targets allowing profitable traders to reach funded accounts.
In their funded account the prop firm has one of a relatively good profit share in the forex market.
This motivates more traders to reach the funded account and earn more from their trading on the platform.
However, you must be profitable for you to benefit from joining the Express Funded prop firm.
The prop firm sets profit targets to prove your profitability when exposed to trade in the forex market.
The prop firm also sets other rules that revolve around your consistency and discipline in your trading.
For you to succeed in your trading, you’ll have to pass the set targets while observing the other trading rules set.
If you fail in the evaluation process, you’ll not get the opportunity to trade with the company funds in the funded account.
On the other hand, you are not permitted to breach the other rules despite being profitable on the platform.
Breaching the rules will also lead to the termination of your trading account denying you the opportunity to succeed in the platform.
My Assessment Of Express Funded
Profits Split: 9/10
Express Funded prop firm has a relatively great profit share of up to 90%.
This allows you to earn more from your trading to achieve your financial freedom in the forex market.
The excellent profit share makes it a better option for traders who want to easily grow their accounts to their preferred size.
Scaling Opportunities: 9/10
Express Funded has a good scaling plan that can help you trade with a balance of up to $5,000,000.
This makes you earn more from your trading to achieve your financial freedom in the forex market.
In addition, it’ll accelerate your journey to success in the platform to enable you to achieve your financial goals.
Profits Targets: 8/10
The profit targets set in the platform are very realistic making them easy to pass by the most profitable traders on the platform.
The realistic profit targets are set to target more traders into getting a funded account to start earning from their trade.
Therefore, getting to a funded account in Express Funded may not be very challenging for traders who have skills in trading.
Express Funded has the best affordable account sizes with their lowest account size priced as low as $49.
This makes them affordable to low-income traders who want to explore their trading potential online.
It also makes them easily affordable to many other categories of traders who want to venture into forex trading online.
Trader Supports: 6/10
The trader support in Express Funded is on a 24/7 basis allowing you to reach their support team easily.
Good trader support also makes traders easily request support in their entire trading journey on the platform.
Tradable Assets: 6/10
There are varieties of tradable assets permitted in the platform including the forex pairs cryptocurrency and indices moth others.
These assets allow you to choose your favorite one to trade and earn more from your trading journey on the platform.
The many assets also provide traders with many opportunities to trade in the platform to increase their chances of success in the forex market.
With a refund policy and confirmed payouts in the program, Express Funded is worthy to be trusted.
The prop firm has several testimonies online from their traders who claim to have achieved success from their funding program.
The company also partners with a trusted broker which is regulated under legal authorities to ensure your funds are safe and secure.
My Overall Rating Is 7/10
In my opinion, I rate Express Funded prop firm 7/10.
The prop firm has affordable programs that empower traders to achieve their financial freedom online.
They also have realistic profit targets that make them a better option for traders with lower profitability and skills online.
The Express Funded Trustpilot
Express Funded has a rating of 4.3 on the Trustpilot from a sample of 13 reviewers (December 29, 2023)
From the sample reviews, up to 92% of the reviewers gave the platform a five-star rating.
Now, let me take you through specific reviews and find out what reviewers had to say;
Ekpe Uyodenwei Joshua claims that the prop firm has the best support team in the forex market.
Penninah states that the company has excellent customer service for their traders online which makes them get more ratings.
On the flipside, Gjnew had a negative take on the platform claiming that their trading rules are a bit harsh and had to follow.
FAQs About Express Funded
Is There A Limit In The Volume You Can Trade In Express Funded?
The limit on the trading volume in the Express Funded prop firm depends on the challenge account you choose in the platform.
However, the prop firms allow you to trade any lot size except those that are set with your trusted broker.
On the violation consequences, the prop firm deducts all your profits from your trading account and sends a warning to your account.
Is Swapping Of Trading Accounts Allowed In The Express Funded?
The prop firm offers free swapping accounts, to favor traders who are avoiding overnight interest rates trade easily.
The overnight interest always makes some traders suspend their trades on the overnight time.
However, by free swapping of accounts, you can continue trading despite the interest in the forex market.
Is There Hosting Competitions In The Express Funded?
Express Funded prop firm offers hosting of traders competition in their platform for all interested traders.
These competitions make traders showcase their trading skills on the platform and achieve from their trade.
The competitions also make trader improve their trading experience to become more talented traders in the forex market.
Are There Some Restricted Countries From Using Express Funded?
Yes, there are some countries restricted from using Express Funded making it not available worldwide.
According to the platform the restricted countries are majorly based in Asia with most of the countries also facing different political sanctions.
Therefore, if your country is not facing any sanctions or is not among the Asian countries, then you will easily be able to use the platform.
Is There An Inactivity Rule In The Express Funded?
Yes, there is an inactivity rule in the prop firm which requires traders to trade consecutively in the platform.
According to the platform, if you don’t place at least one trade in a period of thirty consecutive days, your account will be rendered inactive.
This will prevent you from continuing your trades in the platform as you will risk losing your trading account.
Thank you for reading my Express Funded Review.
If you have any feedback regarding this prop firm, feel free to leave a comment in the section below.