At A Glance: | |
Capital Access: | FinxProp offers a range of accounts starting from $10,000 and all the way up to $2,000,000, giving traders the option to scale their funding as they develop their success. |
Profit Split: | At FinxProp, you will have a profit split as high as 90% for funded traders (starts from 80% and scales up to 90%). FinxProp’s scaling plan allows traders to access higher splits, and even more capital. |
Instruments: | FinxProp supports a broad range of tradable assets, including Forex, Commodities, Cryptocurrencies, and Indices, allowing traders to tailor their strategies to market conditions. |
Reputation: | FinxProp stands out for its speedy payouts (48 hours) and flexible payout methods (bank transfer or cryptocurrency). The platform provides clear rules, excellent customer support, and account sizes that will accommodate traders who want to scale their trading portfolios. |
- Flexible Trading Conditions:
- Unlimited trading period (no time constraints).
- No minimum trading days required.
- No virtual profit target for Qualified Traders.
- Multiple Evaluation Options:
- Classic Challenge: Ideal for traders who prefer a steady pace and a focus on consistency, with an 8% profit target in Phase 1 and 5% in Phase 2.
- Quick Challenge: Fast-track evaluation for those who want quicker results, with a 10% profit target and no second evaluation phase.
- Diverse Account Sizes:
- Offers a variety of account sizes, from $3,000 to $400,000, allowing traders of all experience levels to participate.
- Generous Profit Split:
- Starts with an 80% profit split, which increases to 90% based on performance.
- 48-Hour Payouts:
- Fast processing time for payouts, with a 48-hour guarantee.
- Refundable Evaluation Fees:
- Refundable evaluation fees if you successfully transition to a funded account, reducing the risk for traders.
- Scaling Plan:
- Traders can increase their capital through a structured scaling plan, with larger capital allocation, higher drawdowns, and better profit splits as they meet performance goals.
- Variety of Trading Instruments:
- Offers trading in Forex, commodities, cryptocurrency, and indices, giving traders a range of markets to choose from.
- Multiple Payout Options:
- Flexibility in withdrawal methods, including traditional bank transfers and cryptocurrency payouts.
- Strict Risk Management Rules:
- Traders need to adhere to specific risk limits such as maximum daily loss (5% for Classic, 4% for Quick) and maximum drawdown, which may be restrictive for some traders.
- Inactivity Policy:
- Traders must place at least one trade every 30 days to avoid inactivity penalties. This could be a downside for traders who cannot trade consistently.
- Limited Availability in Some Countries:
- FinxProp services are unavailable in certain countries (e.g., Pakistan, Cuba, Iran), which limits access for traders in those regions.
- Soft Breach Policy:
- While mistakes can be forgiven during Phase 1, the platform may still penalize traders for breaches after reaching the funded stage.
- High Initial Fees for Larger Accounts:
- The higher account sizes (e.g., $200,000, $400,000) come with high fees, which might be too expensive for some traders, especially beginners.
Introduction to FinxProp
FinxProp is a prop trading firm that sets itself apart by positioning itself as a strategic partner for traders operating in the financial markets. The goal is to empower traders of all levels with the tools, education, and support they need to pass firm missions. FinxProp has made it their mission to make prop trading more accessible to everyone, from novices to experienced traders, with their extensive educational material alongside market-influencing technology. The company’s vision is to build a future where all traders have access to the knowledge and resources needed to produce outstanding results. FinxProp is dedicated to setting new standards in the prop trading world by being at the forefront of innovation, responsible and ethical technology trading, etc. The aim is to cultivate an ecosystem that makes success inevitable through ongoing support and cutting-edge tools. FinxProp believes that an individual trader should be a core focus of the entire business model. That is why they focus on individual success providing the tools to navigate through the markets, the mindset needed or even starting funding to achieve the goal. Such commitment to individual care creates an atmosphere for both professional and personal development through mutual collaboration. The overall offerings are broad and supportive as a clear reflection of the firm’s commitment to ensuring every trader gets a fair chance at succeeding. FinxProp wants to be a company that rewards talent and effort, and operates as a meritocratic culture. Traders rise by skill and accomplishments and are paid according to performance. Integrity and trust are the core principles of the firm which gives traders even footing and transparency. FinxProp, drives long-term relationships and building of a credible reputation in the industry by following the highest standards of ethics.
How It Works
FinxProp provides traders with two evaluation options: Classic and Quick, each designed to test your trading consistency, discipline, and ability to meet profit and risk management targets. Here’s a step-by-step guide on how to get funded with FinxProp:
- Choose Your Evaluation Option: FinxProp offers two evaluation courses:
- Classic Evaluation: A structured process with specific profit and drawdown targets that tests your trading consistency and discipline over a longer period.
- Quick Evaluation: A faster-paced challenge for those ready to prove their skills quickly, with a more relaxed timeline.
- Complete the Evaluation Course: Once you choose your evaluation path, engage in the process and meet the specified criteria. During this phase, you’ll identify your strengths and areas for improvement while testing your trading skills in a risk-controlled environment.
- Prove Your Skills: Follow the rules of the evaluation and showcase your trading abilities. Demonstrating consistent profitability and good risk management will ensure you pass the evaluation.
- Secure Funding: After successfully completing the evaluation, you will transition into a Funded Trader account. This account will be equipped with virtual funds for you to trade in a real market environment, without the risk of personal capital.
Note: All accounts in both the Funded Trader and evaluation challenges use virtual funds. This approach allows traders to gain valuable experience in a realistic trading environment while minimizing financial risk. For additional support or any questions about the process, feel free to reach out to FinxProp’s customer service team.
FinxProp Challenge Options
FinxProp is the most comprehensive trader-centric proprietary trading. Their challenges not only allows traders to act like a true player, but also gives them the opportunity to gather substantial capital. The Classic Challenge and Quick Challenge are their two main evaluation programs, both of which are created with traders in mind who have different trading style and experience level, and the time frame available for trading. Those are gateway challenges to traders wanting to move on to funded trading through the practical financial support of the easy-to-use and transparent way of working system at FinxProp. FinxProp strikes a perfect balance of being affordable with flexibility around payouts thereby securing a place amongst the best prop firm for both novice and experienced traders. Now let’s explore what is special about these challenges and why they lead traders to success.
The Classic Challenge: A Steady Path to Mastery
The Classic Challenge is designed for traders who master precision, enjoy working at their own pace, and appreciate the ability to create their strategies without a time limit. Well, as the name implies, it is perfect for those who want to have a relaxed environment where they can demonstrate how well they can trade, but only at their own speed.
Account Sizes and Fees
FinxProp accommodates traders of all types with a variety of small to large account sizes and the most competitive fees in the industry:
- $3,000 account: $29
- $5,000 account: $49
- $8,000 account: $79
- $10,000 account: $99
- $15,000 account: $119
- $20,000 account: $159
- $50,000 account: $299
- $100,000 account: $499
- $200,000 account: $899
- $400,000 account: $1,799
These options make the Classic Challenge accessible to beginners and appealing to seasoned traders seeking higher capital.
Structure and Progression
The Classic Challenge has a set but flexible framework that has two evaluation stages until progressing to a funded account for traders.
- Phase 1: Traders must achieve an 8% profit target on their starting balance without breaching the risk management rules.
- Phase 2: The profit target decreases to 5%, reflecting FinxProp’s recognition that consistent performance is more important than aggressive gains.
Once these phases are completed, traders enter the Funded Trader stage, where there are no additional profit targets to meet.
Trading Conditions
- Unlimited Trading Period: There are no deadlines; this is one of the best features. It allows traders to take their time when working towards their targets, limiting pressure and creating more considered trading conditions.
- No Minimum Trading Days: You are not obligated to trade a minimum number of days—letting you trade at your own pace.
- Risk Management Rules:
- Maximum Daily Loss: 5%
- Maximum Loss (Trailing): 10%
- Leverage: 1:100 (applies to Forex and Metals)
This challenge fosters an environment where traders can refine their strategies, focus on consistency, and demonstrate skill without arbitrary time restrictions.
The Quick Challenge: Accelerated Success
The Quick Challenge provides an accelerated assessment process for enthusiastic traders aiming for funded trading with a rapid path to success. For the go-getters out there who want to get it done, this challenge is for you. Prove to yourself and to others that you can complete this challenge in half the time.
Account Sizes and Fees
The Quick Challenge provides higher account sizes, making it a great option for traders who are prepared to handle larger capital:
- $10,000 account: $129
- $20,000 account: $199
- $50,000 account: $399
- $100,000 account: $659
- $200,000 account: $1,299
- $400,000 account: $2,199
The fees reflect the premium nature of this challenge, as it eliminates the second evaluation phase entirely and focuses on delivering results more quickly.
Structure and Progression
The Quick Challenge has only one evaluation phase, compared to the Classic Challenge which has:
- Phase 1: Traders are tasked with achieving a 10% profit target.
Successful completion of this phase results in an immediate transition to a funded account.
Trading Conditions
- Unlimited Trading Period: Traders still benefit from the flexibility of no time limits.
- Minimum Trading Days: A modest requirement of trading for at least two days ensures that performance is based on skill rather than luck.
- Risk Management Rules:
- Maximum Daily Loss: 4%
- Maximum Loss (Trailing): 6%
- Leverage: 1:100 (applies to Forex and Metals)
The Quick Challenge offers a streamlined path for confident traders ready to showcase their abilities and access funded capital.
FinxProp’s Scaling Plan
FinxProp offers a structured scaling plan that rewards traders as they grow their trading skills and consistently meet performance targets. The plan allows for progressive increases in capital allocation, drawdown limits, and profit splits based on your trading success.
Level 1:
- Capital Increase: 20% increase in trading capital
- Requirements: Complete 4 payouts and achieve 10% overall profit
- Max Drawdown: Increased to 11%
- Daily Drawdown: No change
Level 2:
- Capital Increase: 30% boost to trading capital
- Requirements: Achieve 8 payouts and 20% total profit
- Max Drawdown: Increased to 12%
- Daily Drawdown: Increased to 6%
Level 3:
- Capital Increase: 40% increase in capital allocation
- Requirements: Complete 12 payouts and generate a 30% total profit
- Max Drawdown: Increased to 13%
ProTrader Status:
- Capital Increase: Double your initial balance
- Requirements: Secure 16 payouts and a 40% total profit
- Exclusive Benefits:
- Access to advanced trading tools and personalized support
- On-demand payouts
- 90% profit split
- Ability to manage up to $2 million in trading capital
- Customizable trading conditions based on your strategy
- Max Drawdown: Increased to 14%
- Daily Drawdown: Increased by 7%
Capital Allocation Based on Risk
FinxProp evaluates traders based on their risk-adjusted performance. Traders with superior risk management will be allocated more capital, rewarding those who demonstrate consistent, disciplined trading, regardless of how long they have been with the platform.
FinxProp Profit Split & Payout
Getting funded at FinxProp is only the first step of your journey. FinxProp offers one of the most transparent and generous payout systems in the industry, and they believe traders deserve a payout system that allows them to reap what they sow. Having focused on the important points of their profit-sharing model and payout possibilities, let us take a closer look.
Generous Profit Split
One of the standout features of FinxProp’s funded trader program is its competitive profit-sharing structure, which allows traders to retain a significant portion of their earnings.
- Starting at 80% Profit Split: The moment traders qualify for a funded account, they begin with an impressive 80% share of their profits.
- Scaling Up to 90% Profit Split: For consistent traders who demonstrate skill and profitability over time, FinxProp increases the profit split to 90%. This progressive model is a testament to their commitment to rewarding performance and fostering long-term success.
By prioritizing the trader’s share, FinxProp empowers individuals to grow their capital while maintaining a healthy financial partnership. This approach ensures that traders keep the majority of their hard-earned gains, making it easier to achieve their financial goals.
48-Hour Payouts
FinxProp understands the importance of quick access to funds. That’s why they’ve streamlined their payout process to be both efficient and reliable:
- Fast Processing Time: All payout requests are processed within 48 hours, ensuring minimal waiting times.
- Regular and Prompt Payments: Whether you’re withdrawing your first payout or your tenth, FinxProp guarantees consistent and punctual transactions.
This rapid turnaround not only offers financial flexibility but also builds trust, giving traders peace of mind that their earnings will be delivered without delay.
Flexibility in Payout Methods
FinxProp recognizes that every trader’s financial preferences are different. To accommodate these needs, they provide a variety of payout options:
- Traditional Bank Transfers: Ideal for traders who prefer direct deposits to their bank accounts for secure and familiar transactions.
- Cryptocurrency Options: For those who value speed, privacy, or global access, FinxProp supports crypto payouts. This is especially beneficial for traders in regions where traditional banking might pose challenges.
This flexibility ensures that all traders can manage their finances in a way that suits their lifestyle and trading goals.
Refundable Evaluation Fees
To further incentivize traders, FinxProp offers a refund policy on evaluation fees, making their challenges even more appealing. This refund is more than just a financial incentive—it’s a reward for dedication and performance. Here’s how it works:
- Complete the Evaluation Challenge: Successfully meet the requirements of the Classic or Quick evaluation challenge.
- Qualify as a Funded Trader: Transition into a funded account by adhering to all trading rules and guidelines during the evaluation.
- Earn Your Refund: After becoming a funded trader, the fee paid for the evaluation challenge will be reimbursed alongside the third payout.
This policy reflects FinxProp’s confidence in its traders and its commitment to sharing in their success. By returning the evaluation fee, FinxProp essentially allows traders to participate in the challenge for free, as long as they demonstrate their trading expertise.
Why FinxProp’s Payout Model Stands Out
FinxProp’s payout system isn’t just about transferring funds—it’s a carefully designed framework to support traders’ growth and financial stability. Key benefits include:
- Profit-Boosting Structure: The progressive profit split encourages traders to stay consistent and rewards them as they develop their skills.
- Speed and Reliability: Fast payouts ensure traders can access their earnings without unnecessary delays.
- Customized Options: With both traditional and modern payout methods, FinxProp caters to a diverse global audience.
- Evaluation Fee Refunds: The ability to recover the initial cost of the challenge adds a unique value proposition that sets FinxProp apart from competitors.
FinxProp Trading Rules
FinxProp is committed to providing a structured yet flexible trading environment for its users. To maintain fairness and professionalism, the platform enforces a clear set of rules, ensuring that traders can focus on their growth while adhering to industry standards.
Restricted Countries
FinxProp services are unavailable in specific countries, including Pakistan, Cuba, Iran, Afghanistan, North Korea, Syria, Vietnam, and Myanmar. This policy ensures compliance with international regulations and financial protocols. Traders outside these regions can freely access FinxProp’s services, but eligibility checks are crucial before signing up.
Inactivity Policy
To avoid account breaches due to inactivity, traders must place at least one trade every 30 days. This policy encourages consistent engagement with the platform and ensures that traders maintain their active status throughout the evaluation and funded phases.
Qualified Trader Rules
For traders who progress to Qualified Trader accounts, FinxProp introduces adjustments that allow for greater autonomy:
- No Virtual Profit Target Rule: Qualified traders are free from profit benchmarks, enabling them to focus on steady performance rather than hitting arbitrary targets.
- No Maximum Lot Exposure Limit: Unlike during evaluations, there are no restrictions on maximum lot exposure, giving traders more freedom to scale their strategies as they see fit.
Soft Breach Policy
If a soft breach occurs during Phase 1, such as a minor rule infraction, traders are allowed to reset and continue trading without penalty. This forgiving policy recognizes that mistakes happen and supports traders in learning from their errors without harsh consequences.
“All-or-Nothing” Policy
Strategies labeled as “all-or-nothing,” where traders risk their entire account in a single move, are strictly forbidden. Such behavior leads to termination of contracts and disqualification as a Qualified Trader. This policy emphasizes risk management and sustainable growth.
Two-Minute Average Trade Duration
Trades must last at least two minutes on average to prevent tick scalping or manipulative high-frequency trading. Violating this rule during evaluations or as a funded trader is considered a major breach. For funded accounts, any profits from trades under two minutes are deducted from payouts, ensuring fair play.
Inactivity Breach
Traders who fail to place a trade within a 30-day period are deemed inactive, resulting in an account breach. This rule incentivizes consistent engagement and helps traders remain focused on their trading goals.
Why Rules Matter at FinxProp
FinxProp’s trading rules strike a balance between flexibility and discipline, ensuring a fair and structured environment. These policies not only protect traders but also foster a professional trading culture where growth and accountability are prioritized. By adhering to these rules, traders can make the most of their journey with FinxProp and set themselves up for long-term success.
Platform, Trading Options, and Costs at FinxProp
Platform: Match-Trader
FinxProp exclusively operates on Match-Trader, a professional-grade platform designed for smooth execution and advanced trading features. With its intuitive design and robust tools, traders of all levels can navigate the markets confidently.
Available Trading Options
FinxProp provides a wide range of trading instruments to match diverse strategies:
- Forex (FX): Trade major, minor, and exotic currency pairs in the highly liquid global forex market.
- Commodities: Invest in tangible assets like gold, oil, and agricultural products.
- Cryptocurrency: Engage with digital assets like Bitcoin and Ethereum, offering high volatility and potential returns.
- Indices: Focus on stock market benchmarks like the S&P 500 or NASDAQ, tracking overall market performance.
Leverage Options
FinxProp enhances flexibility with competitive leverage ratios across its trading options:
- Forex, Commodities, and Indices: 1:100 leverage for greater trading potential.
- Cryptocurrency: 1:5 leverage, reflecting the high-risk nature of digital asset trading.
Commission Fee
All trades on the FinxProp platform include a $6 commission per round lot, replicating the conditions of institutional-grade trading. This fee ensures a realistic and professional trading experience, enabling traders to operate in an environment akin to institutional markets.
What We Think About FinxProp
FinxProp is a fledgling prop trading firm and one of the few worth using, providing a firm base for both new and seasoned traders. The company offers over $100,000 in trading capital to unlock and up to $2,000,000 based on performance for the traders. And, up to 90% share of the profit, which sounds attractive for traders exploring huge funding opportunities. FinxProp also boasts a risk-free trading model wherein traders can trade with simulated capital and alleviate the pressure of their finances draining due to losing trades and focus on honing their skills instead. All of this is especially great for traders who want to gain experience without risking real funds. Moreover, FinxProp has provided a full pack of resources along with the unconventional trading strategies and a detailed and reflexive analysis of professional teams to upgrade traders on their skills. The company focuses on disciplined trading and offers traders tools like Account Analysis and Trader’s Analysis to help them with risk management and performance management. A flexible withdrawal system (where traders can access profits withdrawing in a time period of 14 to 60 days after the date of the first trade) coupled with an initial fee refund (returned upon the first profit split) make FinxProp even more attractive. A stress-free growth experience without the risk of personal capital loss makes FinxProp a more attractive destination for traders who want to foster their skills in a nurturing environment and develop -based around long-term performance.
FAQ
Which countries are restricted from using FinxProp services? FinxProp is unavailable in the following countries: Pakistan, Cuba, Iran, Afghanistan, North Korea, Syria, Vietnam, and Myanmar. This policy ensures compliance with international regulations and financial protocols. What happens if a trader remains inactive for 30 days? Traders must place at least one trade every 30 days to maintain active status. Failure to do so results in an account breach, which could impact the trader’s progress in both the evaluation and funded phases. What benefits do Qualified Traders enjoy at FinxProp? Qualified Traders gain more autonomy with the following benefits:
- No Virtual Profit Target Rule: Traders are not required to meet profit benchmarks.
- No Maximum Lot Exposure Limit: There are no restrictions on the maximum lot size, allowing greater flexibility in scaling strategies.
What is FinxProp’s Soft Breach Policy? In Phase 1, minor rule infractions result in a “soft breach,” allowing traders to reset and continue trading without penalties. This policy supports traders in learning from their mistakes without severe consequences. What is the “All-or-Nothing” Policy? This policy forbids strategies where traders risk their entire account in a single move. Violating this rule results in contract termination and disqualification as a Qualified Trader. It emphasizes risk management and sustainable growth. Is there a minimum trade duration on FinxProp? Yes, trades must average at least two minutes in duration. This rule discourages tick scalping and manipulative high-frequency trading. For funded accounts, profits from trades under two minutes are deducted from payouts. What trading platform does FinxProp use? FinxProp exclusively uses Match-Trader, a professional-grade platform with intuitive features and advanced tools, catering to traders of all levels. What trading instruments are available on FinxProp? FinxProp offers diverse trading options, including:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Gold, oil, and agricultural products.
- Cryptocurrency: Bitcoin, Ethereum, and more.
- Indices: Benchmarks like the S&P 500 and NASDAQ.
What are the leverage options at FinxProp? Leverage ratios are tailored to different asset classes:
- Forex, Commodities, and Indices: 1:100 leverage.
- Cryptocurrency: 1:5 leverage, reflecting its higher risk.
What is the commission fee at FinxProp? FinxProp charges a $6 commission per round lot, ensuring a professional trading experience that mirrors institutional-grade markets. Why are rules important at FinxProp? FinxProp’s rules balance flexibility and discipline, fostering a fair, structured, and professional trading environment. Adhering to these rules helps traders focus on growth and long-term success.