Hello there and welcome to my Funded Nation Review.
In this review, I aim to provide an in-depth exploration of the prop firm.
My primary goal is to assess the legitimacy of this firm to aid in your understanding of its credibility.
In addition to its legitimacy, I’ll thoroughly cover the operational principles, funding structure, and the applicable fees of this firm.
It’s important to note that my intention is to offer an honest opinion, hoping that you find this review insightful and useful.
Let’s embark on this exploration together…
Summary Funded Nation Review
Name: Funded Nation
Type: Proprietary Trading Firm
Evaluation Fee: Starting from $99 depending on the account size you choose.
Official Site: fundednation.com
Founder: Not disclosed
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone.
See: The Best Place To Get Funding >>
Funded Nation Review – Overview
Funded Nation is one of the prop firms that offers traders the opportunity to trade in the forex market with their capital.
As one of the top prop firms in Singapore, the company CLAIMS is the best option for traders within the country and outside the world.
The company makes its services available for any pro trader aspiring to build a passive income online.
All traders from different parts of the world can join and start their trading journey.
The company awards its traders a profit share of up to 80% to help them build a passive income.
To ensure more traders who join the platform move to a funded account, the prop firm sets realistic and easy-to-pass profit targets.
For instance, the prop firm only requires traders to pass 6% and 5% profit targets to get to a funded account.
This makes it cheaper to pass prop firms allowing more traders to start trading with a funded account.
In addition, the company allows you to trade with more freedom and earn more out of your trade.
For instance, there are multiple trading instruments available for you on the platform which allows you to choose your favorite one.
This enables you to trade more and earn more from your trading in the forex market.
Pros Of Funded Nation
- No time limit.
- No restrictions on the trading styles.
- Live trader support
- 125% refundable fee
- High trading leverage of up to 1:100
- Allows weekend trading and holding trades over the weekend.
- Allows trading on expert advisors.
Cons Of Funded Nation
- Does not offer free trials
- No scaling plan for more experienced traders
Who Should Join The Funded Nation?
If you’re an aspiring and seasoned trader and want to make a living trading forex, then Funded Nation might offer you a lending hand.
For this reason, you must have the ability to trade multiple trading instruments and earn profits in the forex market.
You must also be able to trade within their trading rules and be consistent in your trading while maintaining high profitability on the platform.
Maintaining all these practices will enable you to join and trade with the company capital without experiencing any challenges.
Related Review: SuperFunded
What Is Funded Nation?
Funded Nation is a proprietary trading platform whose name signifies the company’s essence.
This designation mirrors the firm’s grant system, akin to a trader-made nation.
Just as a thriving nation prospers through its inhabitants and their legacy, Funded Nation’s essence lies in adept traders aiming to generate income in the forex market.
The company offers funding programs providing the necessary capital for trading.
To benefit from these programs, individuals must demonstrate their trading expertise across various instruments.
This diversity allows traders the freedom to optimize their trades.
Successful participants can join a community of proficient traders, exchanging insights and strategies.
Funded Nation is formally registered under Singapore’s legal framework, known for its stringent regulation and favorable business environment.
This location ensures a secure base of operations at The Octagon, Singapore.
What Are The Steps Of Joining Funded Nation?
Let me now take you through the steps you’ll undergo to join this prop firm:
Step One: Registration
You’ll start at the registration stage which allows you to join their membership program.
Here, you MUST submit your real information or personal details to the platform for identification.
Step Two: Choose Your Funding Program & Account Size
After your registration is complete, you’ll get access to the funding programs available on the platform.
You’ll then have to choose your preferred funding program based on its trading rules that satisfy your plans.
From there, you’ll have to choose your preferred account size from the funding program you have chosen in the platform.
When choosing your account size, you MUST consider its price to ensure you can successfully purchase it.
Step Three: Make Payment
The next step you go through is to make payment of the account size you’ve chosen to allow you to get access to it.
The company will send you your login credentials once your payment is confirmed.
Step Four: Start Your Trading
This is the last step that allows you to begin your trading journey at the evaluation stage.
This process begins after you’ve received your account login details and now accessing your account to trade.
How Does Funded Nation Work?
Funded Nation prop firm works by providing you with the opportunity to trade in the forex market using their funded program.
In their funded program there are two funding options with different funding characteristics which you’ll have to choose.
The two available funding instruments include the following:
- JetSetCitizen funding program
- Golden Visa Funding program
The two funding programs have unique properties that you must consider before making your choice.
Let us look at each of their corresponding properties:
The JetSetCitizen Funding Program
JetSetCitizen is a single-phase funding program that allows you to move to a funded account after passing your one-phase evaluation.
In the JetSetCitizen funding program, there are up to five account sizes with different account balances.
These account sizes include:
- Alpha with an account balance of $10,000.
- Delta with an account balance of $25,000.
- Gama with an account balance of $50,000.
- Sigma with an account balance of $100,000.
- Omega with an account balance of $250,000.
After choosing your funded account, you’ll begin your trading journey in the one-phase evaluation.
In the one-step evaluation, you’ll have to pass through the following targets:
- Profit target of 10%.
- Daily draw down 3%.
- Maximum drawdown of 6%.
- No maximum trading days.
After passing these targets, you’ll get the opportunity to start trading with the funded account.
Virtual Fund Manager
In this stage, you’ll start trading with the company capital and earn a profit share according to the company agreement.
The prop firm awards traders a profit share of up to 80% with no minimum trading days.
After getting a funded account, you’ll maintain a daily drawdown of 3% and a maximum drawdown of 6%.
Golden Visa Funding Program
The Golden Visa is a two-phase funding program that allows you to pass through a two-phase evaluation before moving to a funded account.
The Golden Visa Funding program offers up to five account sizes as followers:
After choosing your account size, you’ll begin your trading in the evaluation stage.
- Alpha with an account balance of $10,000.
- Delta with an account balance of $25,000.
- Gama with an account balance of $50,000.
- Sigma with an account balance of $100,000.
- Omega with an account balance of $250,000.
Eligibility Stage
This is the first stage of the evaluation where you need to showcase your trading skills for you to move to the next stage.
In this stage, you MUST reach a profit target of 10% with a daily drawdown of 5% in the platform.
You MUST maintain a maximum drawdown of 10% with no maximum drawdown.
If you pass these requirements, you’ll automatically move to the next stage.
Verification stage
This is the final stage of evaluation where you are required to reach a profit target of 5% and maintain a daily drawdown of 5%.
You are also required to maintain a maximum drawdown of 10% with no maximum trading days set in the platform.
If you reach these requirements, you will get the opportunity to move to the funded account.
Virtual Fund Manager
This is the funded stage of the program where you’ll start trading with the company funds on the platform.
The prop firm awards traders a profit share of up to 80% of the total profits you make from your trading.
In addition, there are no maximum trading days set in the program and requires you to maintain a daily drawdown of 5%.
You MUST maintain a maximum drawdown of 10% in the platform.
Also Read: My Flash Funding Review
What Are The Funded Nation Trading Rules
Profit Target
The prop firm requires you to reach a profit target of 10%/5%.
For instance, if you are trading on $10,000, you are required to reach a profit target of $1,000 in the first phase and $500 in the second phase.
Minimum Trading Days
The prop firm sets a minimum trading day of five days.
This means that you must trade for at least five days for you to move to the next level.
For the Jet SetCitizen, the minimum trading days are set at three days.
Maximum Trading Days
Funded Nation prop firm has no maximum trading days in their platform.
This allows you to trade for your entire lifetime on the platform provided you respect the other trading rules.
Maximum Daily loss
The maximum daily loss in the program is set at 5% in the Golden Visa funding program.
In the JetSetCitizen-funded program, the maximum daily loss is set at 3% in the platform.
Maximum Total Loss
In the JetSetCitizen the maximum total loss is set at 6% which is calculated based on your initial account balance.
On the other hand, the Golden Visa funding program has its maximum total loss set at 10% for all its trading stages.
Profit Share
The Funded Nation prop firm provides a profit share of up to 80% of the total profits you make from your trading.
For instance, if you make a total of $1000 as your profits, the prop firm allows you to earn up to $800.
The prop firm then takes the remaining $200 as its own share when you make your withdrawal from the platform.
Trading Leverage
The prop firm allows traders to trade with a maximum leverage of up to 1:100 on the platform.
What Are Funded Nation Trading Instruments?
Funded Nation prop firm offers you a variety of instruments which include the following:
- Forex Paris
- Metals
- Commodities
- Cryptocurrencies
- Major Indices
On the other hand, the prop firm allows you to trade in two major trading platforms namely:
- Metatrader4
- Metatrader5
These are the commonly used platforms in trading being accepted by almost all devices of trade in the forex market.
Therefore, you must check if your device accepts these two trading platforms before registering for the program.
What Is Funded Nation Trusted Broker?
The prop firm partners with Blueberry as their Trusted Broker with the virtual Fund manager making all their trading operations on their platform.
Blueberry is a registered broker with all their trading and funding meeting all the requirements for a good broker.
What Are The Benefits Of Joining Funded Nation?
- A high refundable fee of up to 125%.
The prop firm allows you to reclaim your registration fee by up to 125% when you successfully pass your evaluation.
For these reasons, you’ll not have to worry about losing your registration fee when you are a successful trader on the platform.
This motivates traders to put more effort into successfully passing your evaluation stage.
- No restrictions on the trading styles
The prop firm provides you with more trading freedoms to ensure you succeed in your trading.
These include trading news, trading on expert advisors, and holding trades overnight and over the weekend.
In addition, you can trade on the platform for your entire lifetime provided you respect all its trading rules and maintain consistency.
- Excellent trader support
The prop firm provides live trader support to their customers with up to 24/7 customer support on the platform.
This ensures excellent assistance and guidance in the platform any time you need support.
This allows you to enhance your trading experience on the platform.
- No time limit to your trade
There is no maximum time limit or trading time set in the platform for traders.
The Funded Nation prop firm allows you to trade for your entire lifetime without worrying about the time.
In addition, the no time limit allows you to trade as long as you respect the other trading rules.
- The payout system is elaborate
The prop firm provides you with a swift and efficient payout system with a faster payout guaranteed to everyone.
The prop firm provides you with a seamless trading environment in their platform.
The first payout system also makes the prop firm more reliable and efficient to its traders in the forex market.
What Is The Cost Of Joining Funded Nation?
The prop firm has a registration fee which varies depending on the account size and funding program you choose from the platform.
Here are the account sizes of the platform and their corresponding payable fees:
The Jetsetcitizen Account Size Fees
- Alpha with an account balance of $10,000 costs $99.
- Delta with an account balance of $25,000 costs $199.
- Gama with an account balance of $50,000 costs $299.
- Sigma with an account balance of $100,000 costs $559.
- Omega with an account balance of $250,000 costs $1,149.
The Golden Visa Account Size Fees
- Alpha with an account balance of $10,000 costs $99.
- Delta with an account balance of $25,000 costs $199.
- Gama with an account balance of $50,000 costs $299.
- Sigma with an account balance of $100,000 costs $559.
- Omega with an account balance of $250,000 costs $1,149.
All these prizes are payable before you can access the account you choose on the platform.
You can purchase your preferred account via the available payment methods which include the Wise transfer, bank transfer, and cryptocurrencies.
This gives you the opportunity to start trading in the platform as you’ll receive your account credentials when your payment is confirmed.
From there, you’ll begin your evaluation program and trade more to pass the stage and get a funded account.
How Does The Payout System Work?
In the payout system, the prop firm promises a fast payment which ensures all traders get their funds disbursed to them without any delays.
Even though the prop firm does not mention the payout durations on its official website, it promises to make traders access their funds efficiently.
The prop firm has flexible withdrawal methods that satisfy most of its customers on the platform.
You can make your withdrawal request via cryptocurrencies, bank transfers, and wire transfers to ensure you choose your favorite method.
Does Funded Nation Offer A Refund Policy?
The prop firm offers traders an excellent refund of the registration fee on the platform.
According to the program, every trader who successfully passes their evaluation process is eligible to reclaim up to 125% of their registration fee.
This allows you to enjoy your registration fee when making your first payout on the platform.
Is Funded Nation A Scam?
In my opinion, Funded Nation prop firm is NOT a SCAM.
The company offers you different funding programs with account sizes that allow you to trade with your preferred capital.
The company also allows you to trade with more freedom to boost your outcome which includes trading on expert advisors.
You can also trade or hold your trading over the weekend to increase your trading outcome on the platform.
However, you must first show your ability to trade in the forex market for you to succeed in the platform.
To ensure you are a pro trader, the company takes you through a test where you MUST pass their evaluation process.
In the evaluation process, you MUST reach the set profit target while abiding by all the trading rules.
For you to pass the evaluation process, you must showcase your trading skills in the platform and maintain high profitability.
If you fail your evaluation process, you’ll risk your account being suspended from the platform.
This will deny you the opportunity to continue trading with the company funds with no free trials in the platform.
My Assessment Of Funded Nation
I based my assessment of the Funded Nation on the following categories:
Profit Splits: 8/10
The prop firm offers you a profit share of up to 80% of the total profits you make from your trading on the platform.
This allows traders to earn more from your trading which makes them grow their trading account sizes to become successful traders.
In addition, the high-profit share attracts more traders to join the platform to build a passive income out of their trades.
Scaling Opportunities: 0/10
The prop firm doesn’t mention any scaling opportunities in their platform for profitable traders.
For this reason, there is no guarantee that you may have your account scaled in the platform if you’re highly profitable.
Profit Targets: 8/10
The prop firm has a realistic profit target which makes its evaluation process easy to pass and move to the funded account.
This makes it manageable for many traders online with most of their traders getting the opportunity to move to a funded account.
In addition, it motivates more traders to join the platform and purchase the account sizes as preferred.
Affordability: 5/10
The Prop Firm is fairly affordable with its lowest account size going for only $99.
There are some prop firms in the forex market that allow traders to pay as low as $49 for an account with a capital of $5,000.
For this reason, the prop firm may not be considered the cheapest in the forex market.
Trader Supports: 8/10
The prop firm offers excellent trader support in the market with their support team ready to help you with any challenge you face in your business.
The company has a live customer support platform that runs 24/7 to help traders at any time of their need.
Tradable Assets: 8/10
There are multiple tradable assets available in the platform which allows you to trade your favorite instrument.
This allows you to trade with more freedom to increase your earnings from the platform.
In addition, it allows you to choose the assets that work best for you in your trading career on the platform.
Trustworthiness
The Funded Nation is a trusted prop firm regulated under the legal laws of Singapore which is a hub for most businesses.
The country is known for its excellent trading environment as it has minimal malicious practices in trade.
In addition, the prop firm has reliable payment methods with its traders being able to access their funds faster on the platform.
My Overall Rating
In general, I rate this prop firm 7/10.
Based on the performance of the company, the prop firm stands as a stable place where you can explore your trading potential to earn income.
What are people Saying?
Here are what people are saying about this prop firm online:
Trustpilot
The prop firm has no rating or reviews on the Trustpilot platform as of the time I published this review (November 2, 2023).
However, once I get any review from Trustpilot, I won’t hesitate to update you on the same.
Funded Nation On X (Formerly Twitter)
This prop firm has over 4,000 followers after 98 posts on X account created on May 2023.
The prop firm uses this platform to market itself and showcase its uniqueness among the prop firms out there.
Check out the screenshot of their profile page.
FAQ About Funded Nation
Is There An Age Bracket For Traders In The Funded Nation?
The prop firm doesn’t have any age bracket for their traders allowing you to trade for your entire lifetime.
However, before you join the platform, you MUST be at least 18 years of age which is a requirement for all traders.
According to the company, underage traders may not be accepted by the laws of their local governments.
Can I Join The Funded Nation When I Am Outside Singapore?
The fact that the company is located in Singapore doesn’t mean that it’s available for the citizens of the country only.
You can access and join the platform anywhere you are in the world.
In addition, the prop firm makes all its operations available for everyone who wants to join their platform on equal grounds without any biases.
What If I Break Trading Rules, Can I Get Another Chance To Continue With My Trades?
If you break the trading rules set in the platform, you may risk your account being terminated from the market.
This will deny you the opportunity to continue trading in the forex market with no free retry on the platform.
For this reason, you must ensure you respect all the trading rules set in the platform for you to successfully trade.
How Long Will I Have To Wait To Get To A Funded Account On The Funded Nation?
The time you’ll take to reach a funded account in your trading journey highly depends on your trading speed.
If you’re highly profitable, it’ll take you a much shorter time to reach a funded account compared to a slow trader.
However, you must trade for at least five days in the platform for you to move to the next stage which is set as the minimum trading days.
This means that you must take at least ten days to reach a funded account in your trading journey when you choose a two-phase evaluation program.
On the other hand, the JetSetCitizen funding program only requires you to trade for at least three days for you to move to a funded account.
Thank you for reading my Funded Nation Review.
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