FX2 Funding
FX2 Funding is a proprietary trading firm founded in 2022, offering funded trading accounts from $10,000 to $200,000 with scaling up to $1 million. The firm provides three evaluation programs: 1-Step, 2-Step, and 1-Step Pro challenges.
Pros & Cons Analysis
An unbiased evaluation of FX2 Funding's strengths and weaknesses to help you make an informed decision.
Generous Profit Split
FX2 Funding offers a competitive profit split starting at 75% and scaling up to 95% with add-ons, providing traders with a significant share of their trading profits.
High Max Funding
Traders can access up to $20,000,000 in funding, allowing for substantial trading opportunities and potentially higher profit generation.
Flexible Trading Options
News trading, scalping, and the use of expert advisors are all permitted, offering traders the flexibility to implement various trading strategies.
No Min Trading Days
With no minimum trading days required, traders can progress through evaluations at their own pace, enhancing convenience and flexibility.
Multiple Platforms
FX2 Funding supports MetaTrader 4, MetaTrader 5, cTrader, and DXTrade, catering to a wide range of trading preferences and technical requirements.
Fast Payouts
Payouts are processed within 48 hours, with a guaranteed payout or $100 compensation, ensuring traders receive their earnings promptly.
High Evaluation Fees
Evaluation fees range from $9,500 to $92,500, which may be prohibitive for some traders considering joining the program.
Limited Track Record
FX2 Funding's establishment date is undefined, and there is no Trust Pilot rating or reviews, making it difficult to assess its reputation and reliability.
Strict Drawdown Limits
The firm enforces a 4% daily and 6% overall drawdown limit, which may be challenging for traders with high-risk strategies.
No VPN Usage
VPN usage is not allowed, restricting access for traders in prohibited countries, which could limit the firm's accessibility.
Prohibited Strategies
High-frequency trading, arbitrage, latency trading, and other strategies are banned, potentially limiting some traders' techniques.
Editorial Analysis
FX2 Funding presents several attractive features for traders seeking funding and flexibility. With a generous profit-sharing scheme and robust scaling opportunities, traders are well-positioned to maximize their earnings.
The opportunity to scale up to $20,000,000 in funding is a significant advantage for traders looking to expand their trading capacity and increase potential returns.
Starting with a 75% profit split that can increase to 95% with add-ons, FX2 Funding provides an appealing profit-sharing structure, ensuring traders retain a substantial portion of their profits.
FX2 Funding's flexibility in allowing news trading, scalping, and expert advisors accommodates a variety of trading styles, making it suitable for both novice and experienced traders.
By supporting multiple trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and DXTrade, FX2 Funding caters to diverse trader needs and enhances the trading experience.
Important Considerations
Despite its strengths, FX2 Funding has several drawbacks that may deter potential traders. High fees and limited track record are notable concerns.
The lack of an established track record and absence of customer reviews on Trust Pilot pose challenges in verifying the firm's reliability and credibility.
With restrictions on VPN usage and strict drawdown limits, traders may find themselves constrained, particularly if they operate in prohibited countries or employ high-risk strategies.
The high cost of evaluation fees, ranging from $9,500 to $92,500, could be a significant barrier for traders looking to join FX2 Funding's program.
While FX2 Funding allows various trading strategies, the prohibition of high-frequency and similar trading methods may limit certain traders' approaches, demanding consistency and adherence to allowable strategies.
FX2 Funding offers enticing opportunities with its generous profit splits and flexible trading conditions, but the high fees and unverified track record warrant caution.
Best suited for experienced traders who can afford the high evaluation fees and are comfortable with the firm's restrictions and conditions.
Traders should weigh the potential benefits against the costs and constraints to determine if FX2 Funding aligns with their trading goals and strategies.