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Full comparisonforTraders Perps vs FundexThe written analysis: where each one wins, who each fits best and FAQs.Read the comparison 53 differences
Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates
World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City
Jakub Rož
United Arab Emirates
Panama
2023
2025
No broker: prices come from Hyperliquid or Binance, whichever has more liquidity for each market.
Bitunix for crypto perpetuals traded through the Fundex Terminal.
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.
- Crypto ($100 to $399): $25
- Rise ($400 or more): $50
On demand from the first day on the Master account, with positions closed. First reward after 1% profit on the initial balance; then 2% growth on the remaining balance between rewards.
On demand, with no fixed windows or waiting periods. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.
48 hours: if not paid within 48h, 100% profit split
Every market trades 24/7, weekends included: indices, gold and oil too.
$10,000 per reward.
No published maximum.
$100 to withdraw from the For Traders wallet.
$50
Gold: 20:1 in the help center, 10:1 in the instruments list. Silver, platinum, palladium and copper: 5:1.
1:1 or 2:1, depending on the instrument.
WTI and Brent: 8:1. Natural gas: 5:1.
NAS100 and SP500: 12:1. JP225: 5:1.
NVDA, AAPL, MSFT, AMZN, META and GOOGL: 4:1. MSTR, COIN, CRCL, CRWV and BMNR: 2:1. Other stocks: 3:1.
BTC: 10:1. ETH: 8:1. BNB and SOL: 5:1. HYPE, DOGE, XRP, TRX and LIT: 3:1. Other crypto: 2:1.
Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.
Fixed daily fee on position value, charged hourly and equal for longs and shorts: crypto 0.03%, forex 0.005%, other markets 0.015%.
Static, measured from the initial balance, in the challenge and on the Master account. After the first reward the floor locks at the initial balance for good. Hard breach.
- 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.
80%.
2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. Fundex’s legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
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 in B-Book.
Hard breach, open positions included. A fixed share of the initial balance, subtracted at 00:00 server time (CET/CEST) from the higher of balance or equity.
Evaluation: 5%, recalculated at 00:00 UTC from the balance at that time and measured on equity. There is no daily loss limit at the funded stage.
Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.
Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.
No time limit.
No maximum time limit.
None.
- 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.
None.
EAs allowed only as decision-support tools (alerts, partial management, predefined rules). Fully autonomous trading bots are prohibited.
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.
Cross-account hedging (opposing positions on the same instrument across accounts) is forbidden.
Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.
Manual scalping allowed with a minimum 5-second hold per trade. Tick scalping and HFT are forbidden.
- 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.
Martingale strategies (doubling position size after losses) are classified as gambling and forbidden.
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.
Outbound copy trading (from your For Traders account to external accounts) is allowed. Inbound copy trading from external sources is strictly forbidden.
Free in the challenge. On the Master account, no new positions from 5 minutes before to 5 minutes after high-impact news; open positions can stay. Breaking it is a soft breach: those profits may be deducted.
Close at least one position every 7 days, in the challenge and on the Master account. Breaking it is a hard breach.
Positions can stay open overnight and over the weekend.
- Arbitrage (latency, reverse, statistical)
- HFT (High Frequency Trading)
- Grid trading
- Tick scalping
- Fully autonomous bots/EAs
- Cross-account hedging
- Gambling behaviors (overleveraging, all-in trades > 70% of profit target)
- Martingale
- Inbound copy trading and signal services
- Group/signal trading from Telegram, Discord etc.
- 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

















