Ryze Funding was launched in June 2023 by Swedish financial expert, Daniel Akesson. The firm offers accounts of capital from $500 to $250k with the lowest cost account coming in at just $5!
Traders can stick with a standard two-phase evaluation model or opt for an additional third phase to reduce the cost further. This allows traders who are just starting out to try their hand at prop trading without breaking the bank.
In this review, we will look at exactly what this firm offers and which kind of traders they are looking to support.
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Video Highlight
Key Benefits
I will briefly go over some key benefits of this firm.
- The drawdown is balance-based.
- Upon passing, you are eligible for a 150% fee refund.
- The Leverage is 1:500.
- Withdrawals processed by DEEL.
- News trading is allowed.
About the Founder – Daniel Akesson
I reached out to the team at Ryze Funding to ask for some more information on the CEO of the operation. They have kindly provided the following bio.
Name: Daniel Akesson
Company: Ryze Funding Ltd
Hometown: Stockholm
Sweden Studies: Stockholm School of Economics
Areas of Expertise: After graduating from the Stockholm School of Economics, I started my professional journey as a Junior Group Finance Officer at Saxo Bank. There, I refined my skills in financial analysis, budgeting, and risk management.
Later, during my tenure as an Investment Operations Officer at FNZ, I gained a strong proficiency in overseeing investment processes and managing complex financial systems.
Additionally, I possess a keen aptitude for creating user-centric digital platforms, ensuring a seamless and intuitive experience for users.
Relevant Achievement: My most significant accomplishment is the establishment of Ryze. While creating a proprietary trading firm may not seem insurmountable, building a trusted, reputable, and well-known platform that brings a unique offering to the trading industry requires unwavering dedication and relentless effort.
Throughout our journey, we have secured the trust and support of investors, skillfully managed risk teams, overseen marketing and customer service departments, coordinated with talented developers, conducted extensive research and development, and fostered strategic collaborations with brokers.
Every aspect of our work has been driven by a commitment to deliver exceptional value to our traders.
Personal and Professional Goals: My personal and professional goals revolve around the happiness and success of our valued traders.
There is nothing more fulfilling for me than witnessing traders achieve their financial goals and transform their lives through the opportunities provided by Ryze. Whether it’s the joy of a trader purchasing their dream home, acquiring their dream car, taking care of their parents, or realizing their entrepreneurial ambitions by starting their own business, these remarkable achievements are the embodiment of the vision I hold dear.
My utmost aspiration is to continue empowering traders worldwide by providing them with the necessary tools, resources, and support to earn significant money through trading.”
The Ryze Funding Challenge Model
As mentioned in the intro, this firm offers a choice of two-phase or three-phase challenges, with the latter reducing the cost significantly. In this section, I’m going to go over how this challenge works and how much you can expect to pay.
Overview of Challenges
When it comes to choosing a challenge, there are four options available:
- Two-Phase (Unlimited)
- Two-Phase (Plus+)
- Three-Phase (Unlimited)
- Three-Phase (Plus+)
Unlimited vs Plus+
There are only a couple differences between these account types which I will outline below.
Unlimited: These accounts have no maximum trading days which means you can take as long as you need to pass the challenge. The max drawdown is set at 12%.
Plus+: These accounts have a maximum time limit of 60 days for phase one and 120 days for further phases. The max drawdown is set at 15%.
Profit Targets
The profit targets for the challenges are as follows:
Daily and Overall Drawdown
The daily drawdown for all accounts is set at 5% and is based on balance as appose to equity.
For the “unlimited” challenges, the overall drawdown is set at 12%.
For the “plus+” challenges, the overall drawdown is increased to 15%.
Rules and Restrictions
News Trading
Trading on and around the news is allowed. The only exception is the following:
It is important to note that placing both buy stops and sell stops on the same instrument in anticipation of a news release is considered gambling and is not allowed on the platform.
Copy Trading
With regards to copy trading, this firm allows copying trades as long as it is your own. Copying third-party traders or using signals is not allowed.
As with most firms, account management services are also not allowed.
Weekend Holding
Weekend and overnight holding is allowed across all account types.
Max Capital
The maximum capital allocation for a single trader is $750,000. You may scale above this level, however.
Hedging
Hedging on single accounts is allowed. Hedging across multiple accounts or traders is not allowed.
How Much Does it Cost?
When it comes to pricing, there are two options. You can opt for the standard two-phase challenge which is a regular price. Alternatively, you can choose to do an additional phase (3% profit target) to reduce the cost significantly.
The prices of unlimited and plus+ options are identical.
Getting Paid – Payout and Withdrawal Process
You can request a withdrawal from within the trader’s dashboard. To be eligible for a withdrawal you must have met one of the following:
- For first withdrawals: 14 days must have passed since your last trade.
- For future withdrawals: 14 days must have passed since your last withdrawal
All payouts are processed through DEEL. From here, traders can choose various options to withdraw the money such as crypto, bank transfer and Paypal.
The Broker – BlackBull Markets
BlackBull Markets is a New-Zealand based broker founded in 2014. They are a well-respected ECN broker with a wide range of tradable assets and deep tier-1 liquidity.
You can check out this broker by clicking here.
Tradable Assets
There is currently a selection of over 285 assets which are available to trade, including:
- Forex
- Cypto
- Indices
- Metals
- Energy
Commissions and Spreads
The commission for all instruments is $0. You can view live spreads by logging into the read-only MT4 account below.
MT4 Test Account
Login: 2140211245
Password: vg0egdq
Server: BlackBullMarkets-Demo
Server Location: New York
Final Thoughts
Ryze Funding has some revolutionary features, perhaps most obvious, the extremely low fees and capital options. This is something many traders have been asking for, especially in developing countries.
They have partnered with BlackBull Markets to provide retail-like leverage to prop traders, of 1:500.
Since it’s possible to join this firm with as little as $5, this provides a very low-risk option for a variety of traders including:
- Beginner traders – Typically, when learning to trade, it is best to use a demo account until you are confident enough to move on to live trading. The downside to this is that demo trading doesn’t replicate the phycology aspects of trading. Purchasing a low-cost account with Ryze has the benefits of both worlds.
- Traders from developing countries – $1000 is not equal everywhere. In some parts of the world, this is a fantastic salary, in others, it doesn’t even cover rent. Offering a wide range of capital options opens up opportunities for traders worldwide.
- Testing new strategies or expert advisors – This is a great low-risk option for those who wish to try out a new strategy or even expert advisors.
On balance, many may be wondering if the fantastic terms set by Ryze Funding are sustainable long-term. This is something only time can tell. As more traders sign up, we should begin getting some first-hand reports as well as reviews.
Overall, hope to see this revolutionary prop firm continue to serve the community with their fantastic funding options. We will keep the community updated on developments from Ryze Funding.
