Prop Firm of the Year: FunderPro (Including Black Friday Promotion)

Over the past 18 months, nearly 4,000 Prop Trader Club members have joined FunderPro. During that time, I haven’t received a single complaint! This is an impressive achievement in any industry, but it’s practically unheard of in the prop trading world.

In this article, I will explain why I have chosen FunderPro as 2024’s Prop Firm of the Year. I will break it down into several sections which are outlined below. 

The team at FunderPro have also provided a special promotion for our members which I will include below.

Solving the Conflict of Interest in Prop Trading 

Retail traders and brokerages have long had a conflict of interest, as most brokerages operate primarily on B-Book. This means that when the trader wins, the broker loses, and vice versa. 

Over the years, regulations have been implemented to address this issue and protect traders from being exploited by brokerages. Brokerages must now disclose their business model and whether trades are processed through Straight-Through Processing (STP) or Electronic Communication Networks (ECN), or if they are handled internally via a B-Book.

Since the prop trading industry is still relatively new, regulators have not yet caught up and prop firms operate in a gray area. This allows bad actors to exploit traders without consequence. 

One striking example of this occurred when My Forex Funds was taken down in September 2023. Leaked internal communications revealed the conflict of interest in play, demonstrated by the now infamous message “Slip them to hell” in reference to a profitable trader. 

It turns out, My Forex Funds would intentionally increase slippage and worsen trading conditions to reduce a trader’s profitability. More examples of how firms might 

There is one very simple solution to the conflict between a prop trader and a prop firm, however. That is to provide traders with live capital. This is precisely the approach taken by FunderPro. 

With FunderPro, the firm’s interests are aligned with the trader’s. If the trader wins, the firm profits; if the trader loses, the firm incurs the loss. This alignment removes incentives for the manipulative practices often seen elsewhere.

What sets FunderPro apart is that they’ve adopted this model voluntarily, without regulatory pressure. This demonstrates the firm’s integrity and their commitment to creating a fair and transparent platform for prop traders.

Lightning Fast Payouts without Hassle 

When it comes to payouts, FunderPro are the undisputed champions. 

In the past few months in particular, many firms have been making their traders jump through several hoops and wait days or weeks for their well-earned profit share. 

Just look at this example from a trader I spoke to who traded with another firm:

1. The trader hit his 5% goal within a week of receiving his funded account. 
2. He had to then wait three weeks for his payout date to arrive 
3. It then took the firm’s internal payout department a week to review the payout request 
4. They then request the trader upload a video explaining his strategy
5. Another week passed 
6. The payout was denied and the account was closed, with no solid explanation given. 

Compare that to FunderPro who manage the large majority of their withdrawal requests within an hour, with some even coming in at under 10 seconds! 

FunderPro also do not have “payout dates”, instead, you can request your profits as often as you like. Even if that means after every winning trade. Some of our members have reported receiving over 10 payouts in a single day!

FunderPro also does not have any reason to deny requests as the profit generated is sitting in the trader’s account. 

Leading the way with Transparency

Two words seldom heard in the prop trading space are transparency and stability. 

Those who have been in the industry for a while will understand the importance of these attributes. When researching a firm, it can sometimes even be difficult to assess where they are located or who’s running it. 

These individuals often distance themselves from their business as they do not want to be associated with the tactics used and do not want to harm their reputation. 

FunderPro takes the opposite approach. Here are some ways FunderPro leads the way in transparency:

• Regular AMA webinars: FunderPro welcomes anyone to join their weekly webinar with the CEO and other executives. They provide a forum for open discussion not just for their traders but their critics too. 
• In-Person Events: FunderPro makes regular appearances at live events, such as the iFX Expo held in Cyprus where I had a chance to meet the team. 
• No Hidden Rules: Some firms may put rules deep within their terms and conditions to catch traders out come payday. All of FunderPro’s rules are clearly defined on the site and clarified in the FAQ. 
• Industry Leading Support: You can talk to a support team member 24/7 via a range of channels. You can also request a call-back to speak to a member over the phone. 

Overall, FunderPro doesn’t just claim to prioritize transparency—they actively demonstrate it through their actions.

Providing a Stable Option for Prop Traders 

I recently attended a panel discussion with industry experts including FTMO CEO, Otakar Šuffnera and Justin Herzberg of FPFX Tech. 

When they were asked why so many prop firms are closing, they all agreed on a few points: 

• Firms are being set up by “Instagram kids” (as quoted from Justin) who have limited experience running any business, let alone a prop firm. This lack of experience sets the firm up to fail. 
• Many new firms are undercapitalized and cannot afford to pay out winning traders in times of difficulty. This leads to insolvency and the closure of the firm. 
• Poor risk management. This also stems from having inexperienced staff. 

It’s easier than ever to launch a prop firm today and anyone with a couple thousand dollars can start one. Unfortunately, most of these will fail and it will be the traders who are left with the losses. 

So how are FunderPro different? 

FunderPro is part of the RedAcre group, a larger company which invests heavily in trading technology and other vital infrastructure. 

Furthermore, they run a legitimate business which employs highly skilled individuals who contribute to the success of the company and manage the risk associated with a prop firm. 

By investing in strong infrastructure and skilled, competent staff, FunderPro has solid foundations and, in my opinion, one of the most stable prop firms in the industry. 

It all sounds too good to be true – How can FunderPro offer this? 

Good question! 

Everyone should ask this when considering partnering with a prop firm. Here are the steps FunderPro have taken to be able to provide their service:

• Investment in infrastructure and technology. As covered in the last section the company has built most of their offering in-house. This dramatically reduces their overheads and per-user costs.
• Realistic and Sustainable Funding Model. You might notice the profit targets required at FunderPro are slightly higher than other firms. This is a calculated risk management decision which provides further stability to the firm. 
• Superior Risk Management. Prop firms are all about risk. There is no way around risk management when running a prop firm. By having a strong focus on risk management, FunderPro can provide a more sustainable solution to traders. 

Final Thoughts 

In closing, I feel that FunderPro are committed to providing a fair and transparent offering to prop traders. They have demonstrated that their funding model is both sustainable and rewarding to the trader.

By perfectly balancing the needs of the trader with the risk management of the firm, I have no doubt that FunderPro will remain in the industry and grow considerably in 2025.

If you would like more information about FunderPro or the prop trading industry in general, feel free to make a post in our Facebook group where we discuss all prop-related topics. Click here to join.

More Resources on FunderPro

FunderPro Website