Proprietary trading firms offer simulated funding accounts with specific risk management parameters including profit targets, drawdown limits (both daily and total), and exposure ratios that traders must adhere to in order to receive funded accounts and profit-sharing opportunities.
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These Changes Everything in Propfirm | THE FUNDED WAYAdded:
To me again, prop firm analyzer and for today's video, we're going to be reviewing the funded way. So, yeah, this is a prop firm where you can get simulated funding of up to $500,000 and one thing they really highlight is that they don't have hidden rules, which is something a lot of traders are always looking for nowadays. Uh, they also mention that traders can receive rewards within 12 hours and if they fail to pay within that promised time, they'll actually compensate you with an extra $1,000, which is honestly a pretty interesting feature. Anyway, they currently have a running promotion where you can get 40% off on all models using the code spring40. [music] So, if you're planning to try them out, uh, this might be a good time.
Their profit split starts at 80%, which is pretty decent compared to other prop firms in the industry right now. So, yeah, let's start by checking their Trustpilot rating. If you look at their reviews, you'll notice they're still a pretty new prop firm. So, they only have a few reviews for now. But despite that, they currently have around a 4.5 star rating, which is honestly not bad for a new company. You'll also see that they're based in Dubai and traders are already starting to share their experiences using the platform.
Now, one of the main things they promote here in the funded way is their 12-hour reward promise.
Basically, if they don't process your payout within the promised time, they'll give you an additional $1,000 compensation. The trading platforms available right now are MT5 and they also mention that Match Traders coming soon. And like I said earlier, you can scale up to $500,000 in simulated funding. Some of the features they offer include daily trader rewards, account sizes ranging from $10,000 all the way up to $500,000, 24/7 support agents and according to them, they currently have zero reward denials. So, yeah, those are definitely some positive things worth mentioning. Now, let's check the plans they offer. They currently have instant funding, one-step and two-step challenge models. First, we're going to focus on the two-step challenge because uh, this is usually the most popular option among traders. For the two-step model, you can choose account sizes from $10,000 up to $100,000. They also have different account types called starter way, straight way and pro way and each one comes with different targets and drawdown conditions.
Starting with the starter way account, you'll see some of the basic rules traders need to follow. They have a 1:100 max exposure, a minimum of three trading days, stable live accounts, and soft consistency rules on live accounts.
The profit split starts at 80% but it can go up to 90% if you use their add-on feature. They also offer 14-day reward cycles and with the add-on you can reduce that to an 8-day payout cycle.
Plus, the challenge fee is 100% refundable after passing. To pass the challenge, you need to complete both phases.
>> [music] >> For phase one, the profit target is 6% while maintaining a 3% daily drawdown and a 6% total drawdown. Since this is a two-step model, the drawdown type here is static, which some traders actually prefer because it's easier to manage compared to trailing drawdown. News trading is also allowed, which is another good thing. For phase two, the rules are mostly the same. The profit target remains at 6% with the same 3% daily drawdown and 6% total drawdown.
Then, once you become funded, you no longer need to hit a profit target anymore. But, of course, you still need to respect the drawdown [music] limits.
They also mentioned that there are some limited restrictions during major news events, so traders should still be careful around high volatility.
Now, moving to the StraightWay two-step account, the good thing here is they offer higher drawdown limits. For phase one, the profit target is 8% while the daily drawdown is 5% and the total drawdown is 10%. The drawdown type is still static and news trading is allowed here as well. For phase two, the target drops to 5% while keeping the same 5% daily drawdown and 10% total drawdown limits. And of course, once you successfully pass both phases, you'll officially become a funded trader and start working toward your payouts. So, overall, the FundedWay looks like an interesting newer prop firm, especially for traders looking for static drawdown accounts, flexible models, and fast payout promises. So, for the ProWay account, they actually don't have any consistency score here, which is honestly something a lot of traders might like, especially if you don't want restrictions on how you trade daily.
But, you still need to take note that they have profit targets for both phases. For phase one, the target is 10% and of course, the drawdown rules are the same as the StraightWay account.
They have a 5% daily drawdown and a 10% total drawdown and the drawdown type here is still static. Then, for phase two, the target drops to 5% [music] while keeping the same 5% daily drawdown and 10% total drawdown. So, yeah, the main difference between these account types is basically the drawdown limits and the profit [music] targets. If you're looking for a no consistency plan, then honestly, the Pro 8 two-step account might be one of the better options for you.
Next, we're going to check their one-step plans. They still offer the same account sizes starting from $10,000 all the way up to $100,000. The one-step model has two different categories, which are the Swift Way and the Swift Pro Way. So, for the Swift Way account, the profit target is 8% while the daily drawdown is 3% and the total drawdown is 6%. The good thing here is the drawdown type is static and news trading is also allowed, which is pretty nice. The basic conditions include a 1:50 max exposure, three minimum trading days, payable live account, soft consistency on live accounts, and an 80% profit split that can go all the way up to 90% using add-ons. They also offer a 14-day reward cycle and a 100% refundable fee after passing. Now, for the Swift Pro Way account, they offer slightly different setup. The target here is 9% while the daily drawdown stays at 3% and the total drawdown remains at 6%. [music] The drawdown type is also static. Most of the conditions are basically the same except for the max exposure, which is reduced to 1:30 max exposure. So, yeah, depending on your trading style, you can choose whichever setup works better for you. And of course, they also offer add-ons if you want a higher profit split or a lower minimum requirement before getting rewarded. Now, let's move to the instant funding plan because I know most of you guys are probably interested in this one. So, for their instant funding accounts, they offer account sizes from $5,000 all the way up to $100,000. The basic conditions here are pretty simple. You'll be using a 1:50 max exposure and they require five trading days between rewards. They also provide stable live accounts and the same 80% performance split, which can increase up to 90% using add-ons. And honestly, one of the good things here is that they offer on-demand rewards together with a 1% weekly refund feature, which is actually a pretty interesting addition for traders looking for faster access to payouts. So, since this instant funding plan still has soft consistency rules on their live accounts, you might want to check that carefully before choosing a plan. They also have different categories available here, which are the Rapid Way, Rapid Pro Way, and Rapid Free Way accounts.
Now, the main difference is that the Rapid Pro Way comes with a free live account mode and no consistency rule.
So, basically, you don't need to worry about maintaining consistency requirements there. Then, for the Rapid Freeway account, one of the good things is they don't require minimum trading days, which is actually nice for traders who want faster withdrawals without waiting for trading day requirements.
So, yeah, since these are instant funding accounts, you already start as a funded trader right away. For the standard Rapid Way account, there's no profit target anymore because you're already funded instantly. They have a 3% daily drawdown and a 6% total drawdown.
Another good thing is there's no time limit, so you can trade at your own pace. Now, for the Rapid Pro Way account, like I mentioned earlier, there's no consistency score, but you still need to take note of the withdrawal threshold, which is 5% before requesting payouts. The rules here are still pretty straightforward with a 3% daily drawdown and 6% total drawdown, while the drawdown type remains static.
Then, for the Rapid Freeway account, another advantage is that there's no target since it's also an instant funding account. But, the biggest difference here is they don't have a daily drawdown limit at all. Instead, they only have an 8% [music] total drawdown, and the drawdown type is trailing. So, yeah, every account type honestly has its own pros and cons depending on your trading style. That's why checking the basic conditions of every plan is really important. So, you fully understand what each account is offering before purchasing anything. And yeah, as you can see, there are already a lot of traders getting paid here. If you want to check everything out, they also currently have a running promotion available right now.
This is actually my own account, and you can pretty much track everything here from your overall performance, winning trades, equity, and many more. You can also check your trading overview, including your win rate, consistency, and complete trading history.
So, yeah, the dashboard honestly lets you monitor almost everything related to your account performance. They also have extra features like offers, leaderboards, [music] and rewards. You can actually earn points by completing tasks, then convert those points into rewards, which is kind of nice for active traders.
Make sure to check everything about the Funded Way before getting started. And as of now, they still have that 40% discount promotion available together with their free instant bonus offer.
Don't forget to use my link if you want to support the channel, and also join our Discord so you can stay updated about the Funded Way, their new promotions, payout proofs, and other updates they release. So, yeah, guys, I think that's going to be it for our review of the Funded Way. Thank you again for tuning in, and I'll see you guys in the next video.
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