Forex firms comparator

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

London, United Kingdom

Panama

United Kingdom

2025

2021

Simon Massey

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Gooey Trade (technology provider)

Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.

Refund available within 14 days if no trades have been placed. Evaluation fee refund also available upon reaching 10% profit on the FT+ Trader simulated live account (not applicable to Master or Prestige programs).

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

• 1-Step Express: first withdrawal from day 1, then every 7 days. Minimum $50.
• 2-Step Classic: first withdrawal 10 days after funded account creation, then every 10 days. Minimum 1% of initial balance.
• Instant: first withdrawal from day 1, then every 7 days. Minimum $50.
• Activation Accounts: every 10 trading days. Requires at least 3% simulated profit and 25% payout consistency. Minimum withdrawal $50.

No published maximum.

$50

• 1-Step Express / Instant: $50
• 2-Step Classic: 1% of the initial balance
• Activation Accounts: $50 after reaching the 3% payout-eligibility threshold

• 1-Step Express, Instant and Activation Accounts: 1:30
• 2-Step Classic: 1:50

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

• Commodities (metals): 1:30
• Gold & Silver: 1:20

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

Profit split upgrade add-ons available at checkout (e.g., start with 90/10 split).

• 1-Step Express: 10% scaling target
• 2-Step Classic: 20% scaling target; requires 50% consistency, one successful withdrawal and an account active for at least two months
• Instant: 10% scaling target
• Activation Accounts: no scaling plan

Eligible programs can scale up to a $2,500,000 starting balance, with a maximum of $5,000,000 after scaling. Requests are subject to risk review and require no open trades.

• 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
• 2-Step Pro: 8% static maximum drawdown.
• 1-Step Classic: Static evaluation drawdown based on starting balance and measured on equity, including open positions.

• 1-Step Express: 6% relative trailing maximum drawdown; locks at the initial balance
• 2-Step Classic: 8% static drawdown
• Instant: 6% relative trailing maximum drawdown; locks at the initial balance
• Activation Accounts challenge: 6% static maximum drawdown
• Activation Accounts funded: 6% trailing maximum drawdown; locks at the initial balance

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
1-Step Classic: the trader profit split is shown in each challenge and is calculated when the payout is requested.

• 1-Step Express, 2-Step Classic and Instant: start at 80%; eligible accounts can scale to 90% at 20% profit and 100% at 30% profit. An optional add-on can start the account at 90%.
• Activation Accounts: fixed 80% profit split; it does not increase over time.

A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

Evaluation: the daily loss limit is recalculated at 00:00 UTC from the balance at that time and measured on equity, including open positions. The applicable percentage is shown in each challenge. There is no daily loss limit at the funded stage.

• 1-Step Express: 4%, balance based
• 2-Step Classic: 4%, balance based
• Instant: 6%, balance based
• Activation Accounts challenge: 4%, balance based
• Activation Accounts funded: 3%, balance based

• 1-Step Express, 2-Step Classic and Instant: scaling up to a $2,500,000 starting balance, with a $5,000,000 maximum after scaling
• Activation Accounts: maximum $250,000 combined activated capital

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

Activation Accounts: up to 10 activations per month and a maximum of 5 activated accounts at the same time, subject to the $250,000 combined limit. There is no limit on challenges purchased or passed.

Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.

Only untraded simulated live accounts can be merged. Maximum merged account size is $200,000 (or $100,000 if the program doesn't offer $200K). Not applicable to 2-Step Classic.

No maximum time limit.

No time limit on any program. Accounts must have at least 1 trade (open and close) every 30 days to remain active.

• 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
• 2-Step Pro: No minimum trading days.
• 1-Step Classic: 5 evaluation trading days. A day counts only if at least one trade has a notional size of at least 5% of the account balance before leverage.

Available for breached or failed evaluations at a discounted price. Not available for simulated live accounts.

Activation fee due only after passing, with no payment deadline:

• 25K: $179
• 50K: $299
• 100K: $489
• 200K: $969

No minimum trading days requirement on any program. Account must be active within any 30-day calendar period (at least one trade opened and closed) or it will be hard-breached for inactivity.

Activation Accounts cost $4 to start on every available account size. If the challenge is not passed, no further fee is charged.

EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.

EAs, Algos and Bots are allowed. Must not be used for copy trading or hedging across accounts. EAs may be requested for review upon evaluation pass. FT+ does not provide support for third-party EAs.

Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.

Hedging is allowed on the same account (opposing positions on the same instrument). Hedging across multiple accounts is strictly prohibited.

• 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
• 2-Step Pro: No minimum holding time during evaluation or once funded.
• 1-Step Classic: Every evaluation trade must remain open for at least 3 minutes, including TP/SL closures. The first violation generates a warning; repeated violations cause a breach. No minimum holding time once funded.

During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
1-Step Classic: Position exposure is measured as notional value relative to equity. Per position, up to 25% is compliant, over 25% through 40% generates a warning, and above 40% is a violation subject to review. Total simultaneous exposure during evaluation: up to 50% is compliant, over 50% through 80% generates a warning, and above 80% is a violation. Once funded, total exposure above 60% is a violation.

• Symbol Loss Limit (2-Step Classic): Maximum loss per single symbol per day, based on balance at 16:59 EST. Hard breach rule.
• Margin utilization review triggers at milestones (evaluation passes, scaling requests, withdrawals). Not a hard limit but triggers manual risk team review.

• 1-Step Express: no consistency rule
• 2-Step Classic: 35% during evaluation and 50% when funded; also applies a 3% Symbol Loss Limit
• Instant: no consistency rule
• Activation Accounts challenge: no consistency rule
• Activation Accounts funded: 25%, checked only when requesting a payout; it does not breach the account

• 1-Step Express: allowed
• 2-Step Classic: allowed
• Instant: not allowed; trades are automatically closed at 4:30 PM EST on Friday
• Activation Accounts: allowed during both challenge and funded phases

• Latency arbitrage, spike catching and tick manipulation
• Exploiting errors, price-feed delays or technical malfunctions
• HFT inconsistent with realistic retail trading
• Martingale, grid and all-in betting
• Hedging or arbitrage across accounts or firms
• Copy trading, replicated signals and self-copy trading
• Front-running and use of non-public information
• Market manipulation, order spamming and toxic flow
• Materially changing strategy after passing the evaluation
• Gambling behaviour, overleveraging or correlated position stacking

• Arbitrage
• Grid trading
• Tick scalping
• Abuse of demo trading conditions
• Account management / passing services
• Hedging across multiple accounts

30 days. At least 1 trade (open and close) required every 30 days. Warning email sent 7 days before breach.