Hi and welcome to my Forex Capital Funds Review.
As a forex trader exploring Forex Capital Funds, your curiosity likely centers around knowing whether it genuinely enables you to leverage your trading potential and realize financial success in the forex market.
Alternatively, you may be questioning if it’s merely another potential scam.
If you’re seeking clarity, you’ve landed in the right place.
This prop firm asserts its ability to enhance your trading skills, allowing you to maximize profits and generate income.
Furthermore, it places itself as the premier choice for expediting your training process on the platform to reach your trading objectives swiftly.
My foremost priority in this review is to scrutinize these claims and more, aiding you in making well-informed decisions.
Additionally, I’ll guide you through the workings of this prop firm, and its pricing structure, and provide insights from traders worldwide.
With these considerations in mind, let’s embark on this exploration together.
Forex Capital Funds Review Summary
Name: Forex Capital Funds Review
Type: Proprietary Firm
Evaluation Fee: Starting from $77 depending on your account size.
Founder: Finn Ter Wal & Stefan Verheul
Overall Rating: 7/10
My Recommendation: Not for everyone, kindly read my review to learn more.
Forex Capital Funds Review – Overview
Forex Capital Funds claims to be the best prop firm in making you unveil your trading future using their funding capital.
In their vision, the prop firm claims to make you stand a chance to discover a new transformative force by redefining the industry standards.
The Forex Capital Funds focus on making you contribute to new innovations in your trading process to help you achieve your success.
In their two-phase evaluation program, the prop firm claims to have the best funding opportunities for traders in the forex market.
You only need to demonstrate your trading skills for you to qualify for their funded program.
The prop firm has different account sizes with unique prices which makes it an option for traders with different financial backgrounds.
For instance, if you’re starting your trade from scratch with a lower capital amount, you can consider choosing the lowest account size.
As you continue trading and gaining more experience, you’ll grow your trading account to merge the large account sizes in the account balance.
However, when you’re already an experienced trader, Forex Capital Funds understands you too.
It allows you to choose an account size with a higher account balance at affordable prices.
According to the prop firm, your success is based on your profitability and consistency in trading and not your capital.
The prop firm provides you with the capital you need for your trade, you only need to keep the trading going to succeed in the program.
Also Read: BrightFunded Review
Pros Of Forex Capital Funds
- Offers unlimited trading period.
- Has realistic profit targets.
- Offers a refund of the registration fee
- Has no hidden rules
- Offers bi-weekly payouts to their traders.
- Offers relatively good profit share of up to 90%
Cons Of Forex Capital Funds
- Doesn’t offer free trials
- Their charges are too high
- The prop firm is not available in some countries
- The scaling plan is not guaranteed
Who Should Join Forex Capital Funds?
The Forex Capital Funds is looking for traders who have a passion for trading and can demonstrate their trading skills to get funded.
For you to be able to join the platform, you must be at least 18 years of age and have some trading skills.
Your trading skills should make you stand a chance to pass their evaluation process and get a funded account.
You must also have a personal identification card which will enable you to pass their KYC requirement on the platform.
What Is Forex Capital Funds?
Forex Capital Funds is a proprietary firm offering a demo trading evaluation in its platform.
By definition, a prop firm is a company that provides traders with the ability to trade in the forex market with their capital.
The firm, therefore, provides traders with certain capital in their trading account to help them get started with their trade.
You then need to use your trading strategies, trade high, and earn profits where the company provides you with the biggest portion.
The prop firm has a funding program that allows traders to trade in the forex market using the company capital.
In their funding program, you only need to demonstrate your trading skills in their demo evaluation process.
When you complete your assessment in their evaluation stage, you’ll get the opportunity to start trading with a live account.
This allows you to make real profits and get a share of up to 90% of the total profits you make from your trading.
You can also qualify for their funding program which will help you grow your account size to the maximum balances.
In addition, the prop firm is available for everyone who wants to join their platform provided you are at least 18 years of age.
Also Read: Instant Funding Review
What Are The Steps Of Joining Forex Capital Funds?
Starting out your trading journey with Forex Capital Funds is made simple for everyone to succeed in the program.
You will only have to follow the steps below:
Step One: Registration
The journey begins by registering into the Forex Capital Funds platform.
There are various documents required to make your registration successful in the program which include the following:
- Your real personal details in the sign-up form as stated.
- KYC verification of your personal ID into the platform.
Step Two: Choose Your Trading Account Size
After successful registration into the platform, the next step is to choose your preferred trading account.
To do so, you’ll have to scroll down on the home page of their website to get the available account sizes.
You’ll then choose your account size keeping in mind its pricing as you need to make your purchase to access it.
Step Three: Get Started
After your payment, you’ll get your account credential sent to you via your email account.
This process will take less than five minutes and allows you to log in to your trading account and get started with your evaluation.
The prop firm allows you to get started with a demo account where you’ll trade on virtual money to reach the profit target.
How Do Forex Capital Funds Work?
The working of the Forex Capital Funds is categorized into three main stages with each stage having unique features.
The stages are defined by the funding program which has three phases of trade in your entire journey.
These phases include:
Phase One: Challenge
This is the first stage of your trading journey which begins by taking a challenge.
In this challenge, you need to demonstrate your trading skills in the platform and achieve the profit target set.
By demonstrating your skills, you need to maximize your profitability and trade within the company rules.
The trading rules include the drawdown limits, and the consistency required to maintain your trading process.
If you reach the required realistic profit target, you will get the opportunity to automatically move to the next stage.
Phase Two: Verification
This is the second and the last stage of evaluation which allows you to move to the funded account.
In this stage, you need to confirm if you actually passed the challenge in the first stage to make you become a consistent trader,
As such, you need to demonstrate your trading skills more by earning more profits and passing your target.
Phase Three: Access Stage
In this stage, the prop firm will access your account to see if you’ve truly passed the two stages.
From there, the prop firm will provide you with access to a funded account on the platform.
Phase Four: Funded
This is the last stage of your trading where you’ll start using the company capital to trade in the forex market and get real capital.
In this stage, the prop firm requires you to trade consistently and responsibly to make you earn real money online.
Forex Capital Funds Trading Rules
The Forex Capital Funds prop firm allows you to trade with the following rules in their platform:
The profit targets set in the two-phase evaluation of the prop firm are as follows.
In the challenge stage of evaluation, you are required to reach a profit target of 8% while in the verification stage, the target is lowered to 5%.
There is no profit target set in the funded account allowing you to trade at your own targets to achieve your trading goals.
Minimum Trading Days
The prop firm sets its minimum trading days to 5 days.
This means that you must trade for at least five days for you to pass a single stage of your trade on the platform.
For this reason, you need to observe the minimum trading days rule to prevent your account from being breached.
Maximum Trading Days
There is no maximum number of trading days set in the Forex Capital Funds prop firm.
This means that you have the opportunity to spend the highest amount of time to pass a single stage of your trading.
This makes it a better option for less experienced traders who need more time to advance into their trading career.
Maximum Daily loss
The maximum daily loss in the platform is set at 5% calculated based on the initial account balance.
For instance, if you are trading on $10,000, then your maximum loss in a single day will be $500.
This means that you are not permitted to lose more than $500 in your trading account in a single day of your trade.
Maximum Total Loss
The maximum loss in the platform is set at 10% which is also calculated based on the initial trading balance.
For instance, if you are trading on a $10000 account balance, your maximum total loss will be $1000.
This means that you are not permitted to lose more than $1000 in your entire trading journey on the platform.
Forex Capital Funds prop firm has one of the best profit shares in the forex market for their traders.
The prop firm allows its traders to earn up to 90% of the total profits they make from their trading in the forex market.
This makes it a better opportunity for traders to maximize their profits and earn more to achieve their financial goals.
The Forex Capital Funds offers their trading leverage as follows for every trading instrument:
- Forex pairs 1:30
- Gold 1:30
- Commodities 1:30
- Indices 1:20
- Cryptocurrencies 1:2
- Forex pairs 1:30
- Gold 1:30
- Commodities 1:30
- Indices 1:20
- Cryptocurrencies 1:2
The prop firm allows you to trade news provided the news does not violate their trading rules as set in the platform.
Trading on Expert advisors
The Forex Capital Funds allows you to trade in the expert advisors using their funded account.
However, when using expert advisors, you must ensure you don’t violate the trading rules set in the platform.
The prop firm allows you to trade or hold our trades during the weekend if you wish to do so.
This makes it provide you with more freedom over your trading to earn more from the forex market.
What are the Trading instruments offered by the Forex Capital Funds?
Forex Capital Funds prop firm allows you to trade various instruments which include the following:
- Forex pairs
What are the Forex Capital Funds Trading Platforms?
The Forex Capital Funds prop firm is available on the Metatrader4 platform.
For this reason, you need to check if your device accepts the metatrader4 platform.
What Is A Forex Capital Funds Trusted Broker?
The Forex Capital Funds prop firm uses ThinkMarkets as its trusted broker partner online.
The broker has one of the best commissions and spreads in the forex market which makes it the best choice for the prop firm.
ThinkMarkets platform also has good ratings online regulated by legal authorities making it build trust among users online.
What Is The Cost Of Joining Forex Capital Funds?
The cost of joining Forex Capital Funds varies depending on the account size you choose on the platform.
Here are the available account sizes and their corresponding prices as stated in the platform:
- $5,000 account size costs $77.
- $10,000 account size costs $127.
- $25,000 account size costs $237.
- $50,000 account size costs $327.
- $100,000 account size costs $497.
- $200,000 account size costs $977.
All these accounts are available for any trader who joins the platform and is payable before you get access to the funded account.
Once you make your payment on the platform, the prop firm will process your payment and send you the account credentials via your email.
This allows you to launch your trading online and work towards achieving your profit target online on the platform.
Is There A Refund Policy In The Forex Capital Funds?
The prop firm makes all their account prices refundable to traders.
According to the company refund rule, your fee will be available for a claim during your first payout on the platform.
This means that you must first pass the challenge and move to a funded account for you to get refunded your registration fee.
In addition, you must be consistent in your trading and maintain profitability for you to get refunded on the platform.
And if you fail to reach the funded account, you’ll not likely stand a chance to reclaim your money back.
How Does Forex Capital Funds Payout System Work?
The company has a well-set payout system that ensures traders get their money.
In their payout system, the prop firm has a profit share in the forex market with a start of 80%.
If you become more consistent in your trading, the company increases your share to up to 90% of the total profits you make on the platform.
After making profits in your account, the prop firm enables you to make your payment request in their dashboard.
The prop firm then allows you to make your first withdrawal request after thirty days of trading in the platform.
So, you only need to check if you have profits in your account and have traded for at least thirty days for you to make withdrawals.
After your first withdrawal is successful, your subsequent payouts will be available in a bi-weekly system.
This means you’ll be able to make your subsequent payout every two weeks on the platform.
The payment methods accepted in the platform include bank transfers and cryptocurrencies.
Who Are The Founders Of The Forex Capital Funds?
Forex Capital Funds is owned by two great and successful entrepreneurs named Finn Ter Wal and Stefan Verheul.
Both Finn and Stefan are still the CEO of the company.
Finn is a successful entrepreneur and a seasoned trader in the forex industry spending more of his time trading.
His collaborative efforts made him meet his friend Stefan and together they founded this prop firm.
Stefan is an engineer by profession and likes coming up with new ideas and understanding the game.
Stefan possesses exceptional trading expertise, having dedicated numerous years to trading, despite his background in engineering.
This made him collaborate with multiple prop firms to come up with the idea of making one super prop firm that would bring all traders together online.
Their friendship with Finn has therefore yielded many fruits of trading collaboration online boosted by their trading experience.
For instance, Finn had a great vision of enhancing trading online which will help traders improve their trading lives.
All their trading strategies were focused on the liquidity of the market targeting traders in the forex market.
This made them come up with a great mission of building a large community of traders on the forex market.
What Are The Benefits Of Joining Forex Capital Funds?
- Offers excellent profit share.
Joining the Forex Capital Funds makes you earn more from the profits you make from your trading.
For instance, if you make a profit share of $1,000 in your account you will earn up to $900 of the total amount.
The company only takes the remaining $100 from your account as its own share of the profits in the trading agreement.
- Has realistic profit targets in the platform
As compared to most prop firms in the forex market, the Forex Capital Funds have more realistic profit targets.
This makes their evaluation process easy to pass for most of their traders to enable them to move to a funded account.
- No time limit for traders
The prop firm does not set any time limit for a trader to complete their trade on the platform.
This makes you spend more time on your trade to maximize your efficiency and boost your final outcome on the platform.
- Offers Bi-weekly payouts
When you become a funded trader with the Forex Capital Funding prop firm, you will start enjoying their bi-weekly payout.
This enables you to get access to your funds more frequently in the platform to build a passive income.
You only need to maintain profitability to enable you to enjoy this offer and make withdrawals frequently as stated in the platform.
- No hidden rules
There are no hidden rules set in the platform for traders irrespective of where you come from in the world.
All the rules, and terms and conditions of trading in the platform are kept open for anyone to learn.
In addition, the prop firm does not have any recurring fees or charges in the platform after the one-time payment of accounts.
Also Read: Funding Frontier Review
Is Forex Capital Funds Legit?
In my opinion, the Forex Capital Funds is a legit prop firm offering funding opportunities to traders.
The prop firm has a more realistic profit target with a well-configured payout system for their traders online.
This makes them target more traders to finish their evaluation and get opportunities to trade with a funded account.
The prop firm also has various options of account sizes that make it an opportunity for traders with different financial backgrounds.
If you are a beginner with less capital, you can go for the account size with the lowest prices which in this case have a lower account balance.
When you start trading, you can grow your account to make it have the higher capital you need from the platform.
However, if you have a good financial background, you can go for account size with a higher account balance in the system in the platform.
This will enable you to maximize your trading and earn more from the forex market.
Going with the pricing of the account sizes, the prop firm looks more expensive than most prop firms in the market.
For instance, most platforms offer a $5,000 account size with as little as $50 or even a smaller amount than that.
But for the Forex Capital Funds, this account size goes for as high as $77 which makes it more expensive.
In addition, if you’ve no passion for trading in the forex market, you will also not benefit from this platform.
My Assessment Of Forex Capital Funds
Profit Splits: 9/10
Forex Capital Funds have the top leading profit share in the forex market offering up to 90% of the total profits you make.
This makes it a top-paying prop firm in the forex market and loved by many traders online.
The excellent profit target also makes it an option for many traders online who want to achieve their financial goals.
Scaling Opportunities: 1/10
The prop firm mentions the scaling plan on its website but fails to explain it in more detail.
This makes it difficult to learn how their scaling opportunities work for their traders.
For this reason, there is no guarantee that you will have your account scaled on the platform.
Profit Targets: 8/10
The profit targets in the platform are made more realistic in the platform to make many traders move to a funded account.
For instance, you only have to pass a target of 8% and 5% respectively in the evaluation process to enable you to move to a funded account.
This makes it an option for many traders who want to build income trading in the forex market.
The prop firm is less affordable than most firms currently offering lower funding capital in the forex market.
Their charges are a bit higher which makes it difficult to purchase even if they promise traders a refund of the fees.
Trader Supports: 5/10
The prop firm promises to offer traders reliable customer support as part of their plan to make all their traders succeed in the platform.
However, the traders’ support is not well explained in the platform which makes it less predictable.
You will only have to contact their support team for you to make an inquiry on the platform.
Tradable Assets: 8/10
There are various tradable assets accepted in the prop firm which include forex pairs, commodities, indices, and cryptocurrencies.
This gives traders more strategies to trade their favorite asset and get the best out of their trade.
In addition, the various assets available in the market make it target more people worldwide to join their funding program.
The prop firm has a well-structured payout system with an excellent rating from their traders online.
This makes it builds more trust among traders and gain more numbers online to grow their trading market.
My overall Rating
I would give Forex Capital Funds a rating of 7/10, making it one of the best-performing firms in the forex market, in my assessment.
The prop firms have the best profit share with a well-structured payout system.
They also have excellent ratings online with most traders giving it a five-star rating from their operations.
What are people saying
Forex Capital Funds has great ratings on the Trustpilot platform from a sample of 120 reviewers (December 14, 2023).
From the review sample, the prop firm attracts up to 73% five-star ratings as shown below;
Now, let me take take you through some sample individual reviews:
Chinonso, one of the reviewers of the prop firm, appreciates their support team as an amazing one online.
Casper, another reviewer commented that the platform has excellent customer support online.
Saka Mohamed, another reviewer, also gave the prop firm a five-star rating as the best prop firm in the forex industry.
On the other hand, Muhammad Suleman, another reviewer, has a divergent view about this prop firm.
The reviewer cites that the platform has zero transparency awarding it only a one-star rating.
Talea Syed also thinks negatively about the platform citing them as scammers in business.
According to the reviewer who only awards the prop firm a one-star rating, the CEO of the platform is not transparent in their operations.
FAQs About Forex Capital Funds
How Long Will It Take To Start Trading On The Forex Capital Funds After Completing My Registration?
After making your payment of your preferred account size, it will take less than five minutes for the platform to process it.
This means that it will take you less than ten minutes to get started with your trading journey if you join the platform.
In case of a delay of more than the expected time, the prop firm requests you to contact their support team to ask for help.
Am I Allowed To Use VPN In My Trading On The Forex Capital Funds?
Forex Capital Funds platform discourages the use of VPN to access your trading accounts.
For this reason, using a VPN violates their rules and may make you risk being suspended from their trading platform.
However, the prop firm encourages you to be a sole trader and trade within their rules without violating any terms and conditions of trade.
Must I register my trading account with my real name on the Forex Capital Funds?
Registering your trading account with your real name is a requirement for all traders on the platform.
This will make it easy for the platform to make your payment via bank transfer to your account which requires a real name for identification.
If you fail to use your real personal details, you might find challenges when making your withdrawals from the platform.
Does The Forex Capital Funds Accept The Merging Of Accounts?
Merging of your trading accounts is not accepted on the platform as it makes it difficult to track your trading process.
Merging of accounts is also discouraged as it makes it difficult to manage risk when trading on the platform.
However, the prop firm allows you to trade with up to three accounts with a maximum capital of up to $600,000.
Thank you for reading my Forex Capital Funds Review.
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