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Forex firms comparator

Pick two prop firms and see them side by side: rules, plans, platforms, leverage, commissions and payouts, next to each one's discount.

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Head to head

52 differences

No active discount right now.

Headquarters

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

Sublot 40, Level 3, Block A2, Saradise Kuching, Off Jalan Stutong, 93350, Kuching, Malaysia

Country

Panama

Malaysia

Foundation

2025

2023

Banned Countries
Pakistan, Afghanistan, Myanmar, Iraq, Somalia, Sudan, South Sudan, Libya, Yemen, United Arab Emirates, North Korea, Iran, Syria, Cuba, Belarus, Russia
Pakistan, Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, Libya, Vietnam
CEO
No data

Dixon Teo

Assets
Forex, Commodities, Indices, Stocks, ETFs, Crypto
Forex, Commodities, Indices, Crypto
Brokers

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

No data
Refund
No

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.

No
Platforms
Propietary Platform
cTrader, MatchTrader, DXTrade
Payout Methods
Rise
Crypto, Rise
Payment Methods
Card, Crypto, ApplePay, GooglePay
PayPal, Crypto, Card
Payout Frequency

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.

  • Forex Evaluation: Bi-weekly (every 14 calendar days), from account activation or the last payout.
  • Instant Funded X: Every 30 days.
  • Crypto X-1 and X-2 Step: first payout at any time; then every 30 days.
Crypto Weekend Trading
Yes
Yes
Maximum Withdrawal

No published maximum.

No data
Minimum Withdrawal

$50

Instant Funded X: Greater of $100 or 1% of starting balance.

Demo Account
No data
cTrader
IDtxppropPassword112233445566txp
MatchTrader
ID-Passwordj4S*8jmu3
DXTrade
IDtxp_C12843Passwordj4S*8jmu3
Forex
100:1
50:1
Metals

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

  • Forex Evaluation: 10:1 on gold; 5:1 on other metals
  • Instant Funded X: 5:1
Energies
20:1
5:1
Indices
20:1
  • Forex Evaluation: 10:1
  • Instant Funded X: 5:1
Stocks
1:1
No data
Crypto

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

  • Forex Evaluation and Instant Funded X: 2:1
  • Crypto X-1 and X-2 Step: up to 5:1 on BTC and ETH; other cryptocurrencies, 2:1
Crypto
0.02% - 0.06%
0
Forex
No data
7 / lot
Metals
No data
7 / lot
Indices
No data
0 / lot
Swap Free
No
No
Add-ons
No
Yes

Instant Funded X: Weekend flat fee add-on and up to 90% profit split add-on available.
Crypto X-1 and X-2 Step: Payout Protector add-on, which protects eligible gains after a breach without preventing it.

Instant
No
Yes
One Step
Yes
Yes
Account scaling
No
No data
Two Steps
Yes
Yes
Max Drawdown
  • 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.

Forex Evaluation (X-1 & X-2 Step)
Static drawdown from starting balance. Does not trail.

Instant Funded X
8% trailing drawdown. Trails upward with account growth. Once 8% profit is achieved, drawdown locks permanently at starting balance. After withdrawal, drawdown permanently locks at original starting balance.

Crypto X-1 & X-2 Step
Static from the starting balance. It does not reset after withdrawals.

Profit Split

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.

  • Forex Evaluation: 80%
  • Instant Funded X: 80% (up to 90% with add-ons)
  • Crypto X-1 and X-2 Step: 90%
Free Trial
Yes

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.

No
Profit After Breach

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.

No data
Daily Drawdown

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.

Forex Evaluation: calculated from the higher of balance and equity at the prior day's close. Resets at 5:00 PM EST.
Instant Funded X: calculated from the prior day's balance, ignoring equity. Resets at 5:00 PM EST.
Crypto X-1 and X-2 Step: ±3% cap from the previous day's equity; resets at 5:00 PM EST.

Three Steps
No
No
Max Allocation
400,000
  • Forex: $400,000
  • Instant Funded X: $100,000
  • Max $1M in active evaluations per person
  • Maximum one evaluation per specific account size and plan type simultaneously across all platforms
  • Crypto: $200,000
Maximum Accounts

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

No data
Merge Accounts
Yes

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

Yes
  • Case-by-case. Only possible when multiple assessments of identical product tier, step, and platform are passed simultaneously.
  • Not permitted across different platforms, steps, or rule sets.
Maximum Trading Days

No maximum time limit.

No time limit. Infinite evaluation duration.

Minimum Trading Days
  • 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.

0 minimum trading days across all plans.

Monthly Competition
No
Yes

Monthly competitions with free evaluation prizes.

Expert Advisor (EA)
Yes

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.

Yes
  • EAs are allowed, but third-party or off-the-shelf strategies marketed to pass challenge accounts are banned.
  • Strategy switching between evaluation and funded phases is also prohibited.
VPN
No
Yes
Hedging
Limited

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

Yes
  • Hedging/reverse trades are permitted within a single account.
  • Cross-account hedging is strictly prohibited.
Requires Stop Loss
No
No
Scalping
Limited
  • 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.
Yes
Stacking / Layering (DCA)
No
Yes
Martingale
No
No data
Maximum Risk Limit
Limited

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.

No
Copy Trading
No
Yes
  • Only allowed if you own all accounts involved.
  • Group trading, signal services, and mirror trading across multiple accounts are banned.
News Trading
Yes
No
  • Opening positions within 3 minutes before or after news events is prohibited.
  • Violations may result in position closure, P&L removal, leverage reduction, or account breach.
Consistency Rule
No
Yes
  • Best trading day cannot exceed 45% of total profit target.
  • If breached during evaluation, profit target adjusts upward.
  • In funded phase, applies to withdrawal eligibility.
  • Instant Funded X: No consistency rule.
  • Crypto X-1 and X-2 Step: no consistency rule.
Hold Weekend
Yes
Limited
  • Forex Evaluation: Weekend holding allowed.
  • Instant Funded X: All trades must be closed by 3:45 PM EST on Friday, or they are automatically closed (soft breach). Weekend holding add-on available.
  • Crypto X-1 and X-2 Step: weekend holding allowed.
Prohibited Strategies
  • 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
  • Exploiting pricing/latency errors
  • Front-running trades
  • Using non-public/insider information
  • Arbitraging across company or third-party accounts
  • News event trading (within 3 minutes before/after)
  • Excessive leverage/"all-in" trades resembling gambling
  • Group hedging/reverse trading across multiple accounts
  • Third-party strategies marketed for challenge accounts
  • Strategy switching between evaluation and funded phases
Inactivity Rule
No data

Accounts with zero trading activity for 30 consecutive days are hard breached.

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