Editor’s Verdict
Fundedprime, was founded in 2023 by Australian-based FinTech company PropTradeTech, which also owns retail prop trading firms Profitex and Focus Funded. It offers prop traders five challenges and the trading platforms of well-known brokerage Eightcap. The evaluation process has no time limit and traders can start a challenge from $65. My fundedprime review evaluated this prop firm to provide prop traders with the necessary information to decide whether to pay for the challenge. Is fundedprime the best prop firm for you?
The Pros & Cons of fundedprime
Traders should consider the pros and cons of fundedprime. I have summarized the ones that stood out the most during my fundedprime review.
Overview
Headquarters | Australia |
|---|---|
Year Established | 2023 |
Trading Platform(s) | DX Trade |
Minimum Evaluation Fee | $65 |
Profit-share | 80% |
Daily Loss Limit | 5% |
Maximum Trailing Drawdown | 10% |
Funded Account Options | 5 |
Minimum Funded Account | $10,000 |
Maximum Funded Account | $250,000 |
fundedprime features five funded account options.
I like the absence of a time limit during the evaluation period, as it eliminates unnecessary time pressure on top of performance pressure. By enabling access to the platforms of trusted Australian brokerage Eightcap, fundedprime ensures competitive trading conditions.
fundedprime Trustworthiness & Reputation
Trading with a prop firm, an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts and that the prop firm maintains an excellent reputation among its prop traders. By offering access to the trading platforms of trusted, Australian-based brokerage Eightcap, fundedprime provides a strong level of confidence and stability.
Is fundedprime Legit and Safe?
fundedprime, founded in 2023 by Australian-based FinTech company PropTradeTech, which also owns Profitex and Focus Funded, ranks among the more established retail prop trading firms.
While fundedprime lacks a Trustpilot page or a similar review platform with a claimed profile, my fundedprime review found no verifiable claims of fraud, scam, or malpractice. Therefore, they are a prop trading firm interested traders can try to establish a rapport with.
fundedprime Features
fundedprime follows best practices established across the prop firm industry, which remains an expanding industry.
The most notable features of fundedprime are:
- Two-step evaluation without time pressure for the Prime Traders challenge.
- A profit target of 10%.
- Three minimum trading days for each challenge.
- Trading is facilitated by Eightcap’s mulit-asset, multi-market DX Trade trading platform.
- A maximum drawdown of 10%.
- 80% profit share.
- 1:50 leverage.
- Cryptocurrency withdrawals.
- Up to $800,000 per trader.
Evaluation Fees & Profit-Share
Minimum Evaluation Fee | $65 |
|---|---|
Maximum Evaluation Fee | $1,299 |
Profit-share | 80% |
The fundedprime evaluation fee depends on the desired funded account size and ranges from $65 to $1,299 for the two-step Prime Traders challenge.
fundedprime offers five funded account sizes with a profit share of 80%. Please note that traders cannot change the account value once approved, meaning if they qualify on a $10,000 account, they will manage a $10,000 portfolio.
The minimum evaluation fee at fundedprime for a $10,000 account is:
Type of fee | Fee (without discounts) |
One-time evaluation fee | $65 |
Monthly evaluation fee | $0 |
Hold-over-the-weekend | $0 |
Double leverage | Not applicable |
Stop-loss not required at trade entry. | Not applicable |
Total fees for a $10,000 account | $65 |
Account Types
fundedprime offers prop traders the following account options: $10,000, $25,000, $50,000, $100,000, and $250,000. fundedprime notes a maximum of $800,000 per trader in its Prime Traders challenge introduction, suggesting profitable traders can scale their assets under management, but my fundedprime review found no further details.
Traders can access a maximum leverage of 1:50. All trading is facilitated by trusted Australian broker Eightcap via the multi-asset, multi-market DX Trade platform
What are the Trading Rules at fundedprime?
The fundedprime evaluation begins after prospective prop traders choose their preferred evaluation account and pay the one-time evaluation fee. There is no time limit, and the profit target is 10%.
Violating the maximum overall loss rule results in a hard breach and cancellation of the evaluation.
The trading rules for the fundedprime evaluation are:
- 10% maximum loss from the starting balance.
- 5% daily loss limit.
Noteworthy:
- fundedprime will not grant access to live trading accounts.
- Accepted prop traders will manage demo accounts, and the fundedprime software duplicates them in live trading accounts of fundedprime.
- It enhances risk management and compliance for fundedprime.
Trading Platforms
Traders get the DX Trade trading platform from Eightcap. Eightcap trading fees apply, which ensure prop traders have competitive trading conditions, and the maximum leverage is 1:50, irrelevant to traders' geographic location.
Education
fundedprime does not yet offer education, and beginners should never consider prop trading. I like that fundedprime does not target beginners. During my fundedprime review, the Prime Academy explained how fundedprime works and clarified terminology but did not offer educational content.
Customer Support
During my fundedprime review, traders received 24/7 customer support via a chatbot or e-mail support. I did not require customer support, as fundedprime is straightforward and explains its service well. I recommend the FAQ section, as it answers many questions, but I would still like a direct line to the finance department, where most issues could arise.
How to Get Started with fundedprime
Interested prop traders can start the evaluation after selecting their desired package and paying the one-time fee.
Minimum Evaluation Fee
The minimum evaluation fee at fundedprime is $65 for the $10,000 evaluation.
Payment Methods
Withdrawal options |    |
|---|---|
Deposit options |  |
fundedprime accepts credit/debit cards and cryptocurrency transactions.
Accepted Countries
fundedprime does not list restricted countries, but as Eightcap provides the trading infrastructure, any Eightcap restrictions on accepted countries will apply.
How to Pay the Evaluation Fee?
Prop traders can pay their evaluation fee via credit/debit cards and cryptocurrencies. Please note that withdrawals are available via bank wires and cryptocurrencies.
The Bottom Line - Is fundedprime a Good Prop Firm?
I like fundedprime for its low evaluation fee and access to Eightcap trading platforms. The evaluation conditions match established industry standards, without time pressure and fundedprime is a straightforward retail prop trading firm. Traders can request their first withdrawal after 30 days, then bi-monthly withdrawals are available. I recommend fundedprime My fundedprime found no verifiable claims of fraud, scam, or malpractice, and the owner of fundedprime is a duly registered company in Melbourne, Australia. Therefore, traders should consider fundedprime a safe retail prop trading firm. Retail prop traders can withdraw their profit share through bank wires or cryptocurrencies after being a funded trader for 30 days. fundedprime, like all prop trading firms, is unregulated but owned by a duly registered Australian-based company that owns multiple retail prop trading firms partnered with Eightcap. fundedprime, founded in 2023 by Australian-based FinTech company PropTradeTech, is a legitimate firm.FAQs
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