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FunderPro review

Malta-registered CFD prop firm from the TradeLocker group, selling challenges since 2023

CEO
Tim Plummer
Headquarters
Malta
Founded
2022
In business
4 years
Trustpilot
≈2.8 · hidden

Work at FunderPro? Claim this profile

E

Our grade

Poor

3.4 / 10 · #31 of 34

≈2.8

Trustpilot

1.6K reviews

  • 5★54%
  • 4★6%
  • 3★3%
  • 2★2%
  • 1★35%
Pass rate7.3%
Hidden riskVery high
Payouts0.0/10
Max allocation$200K
Cheapest $100K$539
Programs4

FunderPro sells one of the better-priced challenge menus in CFD prop trading: a $100k Classic two-step costs $539, drawdown is static and balance-based, there is no time limit, and the fee comes back with the first reward. It also publishes a hard number most firms hide, a 7.35% pass rate since launch. The problem starts after the pass. Trustpilot has withdrawn FunderPro's rating for a guideline breach, 74% of its 200 newest reviews are one or two stars, and the most common story is a payout refused after a compliance review, usually over shared IP addresses or devices.

Good challenge terms, but too many payouts end in a compliance dispute

Our verdict

On paper FunderPro is a solid deal. The Classic two-step costs $539 for $100k, refunds the fee with the first reward, uses a static balance-based 10% drawdown and has no consistency rule or time limit. Platform choice is wide, spreads can be checked on public read-only accounts, and the firm publishes its 7.35% pass rate, which is more honesty than most competitors offer.

Best for

Disciplined traders who want a cheap, refundable two-step with static drawdown and are willing to follow the funded-account margin and access rules to the letter.

Avoid if

You trade from mobile networks or shared connections, size up aggressively on strong days, or need confidence that a large first payout will be approved.

Pros

  1. Firm-published pass rate of 7.35% since launch, a disclosure few competitors make.
  2. $100k Classic two-step at $539 with the fee refunded on the first reward.
  3. Static, balance-based drawdown of 10% (6% on One Phase) and no time limit on any challenge.
  4. Classic challenge has no consistency rule and only 4 minimum days per phase.

Cons

  1. Trustpilot has withdrawn the rating over fake reviews; 74% of the 200 newest reviews are one or two stars.
  2. 63.6% of recent negative reviews describe a refused payout, most citing IP or device sharing.
  3. 20% margin cap per asset class applies only on funded accounts, after you have passed without it.
  4. Lot-size consistency and gambling clauses are judged case by case with no numeric limit.

FunderPro scorecard

The same measured facts for every firm

Red flags

  • Trustpilot hides its score. Trustpilot removed this firm's TrustScore, which it does after finding fake reviews or other guideline breaches.
  • Many payout complaints. About 35.4 in every 100 reviews report a denied, cancelled or late payout.
  • Accounts lost to rule disputes. About 38.4 in every 100 reviews say an account or profits were taken over a rule.

Every firm is checked against the same thresholds. How red flags work

Weighted score 3.4/10 → grade E

Methodology →
  • Payouts 25%0.0
    Payout complaints
    35.4 per 100 reviews
    Positive payout mentions
    10%
  • Transparency 15%3.5
    Rule disputes
    38.4 per 100 reviews
    Shares verified data with us
    No
    Publishes its own pass rates
    Yes
    Profile claimed by the firm
    No
    Names who runs it
    Yes
  • Rules & trading conditions 20%7.0
    Typical $100K price
    $539
    Top profit split
    90%
    Static drawdown option
    Yes
    Consistency rule
    Applies
    News trading
    Restricted
    No time limit
    Yes
    Fee refunded
    Yes
  • Reputation 20%2.6
    Trustpilot (hidden, our estimate)
    2.8 / 5
    Recent 1-2★ reviews
    74% of the latest
    Years in business
    4 years
    Trustpilot reviews
    1,561
  • Platforms & execution 10%6.1
    Trading platforms
    3
    Execution complaints
    5.5 per 100 reviews
  • Support 10%3.6
    Support complaints
    22.6 per 100 reviews
    Reviews praising support
    42%

FunderPro firm overview

Platforms, markets, company and costs

Platforms
  • MT5
  • cTrader
  • TradeLocker
Markets
  • Forex
  • Indices
  • Metals
  • Commodities
  • Energies
  • Crypto
Profit split
60% to 90%
Max allocation
$200,000
Leverage
Up to 1:100 on FX (Classic and Pro), 1:50 on One Phase, 1:30 on Instant and Swing accounts
Commissions
Funded accounts only: $5 per lot on FX, $7 on indices, metals and crypto, none on energies; no commission during challenges
Scaling plan

Make 10% in each of three consecutive months and the funded balance grows 50%, repeatable up to $5M per the help center. The T&Cs separately cap combined starting capital at $200,000 per trader ($100,000 for Instant accounts).

Broker and data
  • TradeLocker (sister company in the same ownership group)
  • Third-party price feed in a simulated environment (provider not named)
  • NextTrade (sister offshore CFD broker, FSC Mauritius; retail only, not the prop feed)
Company
FunderPro Ltd (Malta, C 104558); FunderPro Saint Lucia Ltd (reg. 2025-00393)San Gwann, Malta · founded 2022
CEO
Tim Plummer

Payment and payout methods

How you pay for a challenge and how you get paid

Pay for a challenge with

  • Credit/debit card
  • Cryptocurrency

Get paid with

  • USDC (ERC-20)
  • Rise

Bi-weekly on Classic, One Phase and Instant; on demand (60% split) or weekly (90% split) on Pro. Payout details

FunderPro pass rate

How hard is it to pass?

Challenge pass rate

7.3%

Reported

7.35% (FunderPro disclosure, launch to Oct 2026)

Bar = this firm · line = average of the 34 firms we grade (14%)

FunderPro prints this figure in its site footer and risk disclaimer: 7.35% of traders who buy a challenge reach the funded phase, counted from inception to the present. It blends One Phase, Classic and Pro challenges and does not say how many funded traders then receive a payout.

Basis: Published by the firm · Company inception (2023) to October 2026 · FunderPro Risk Disclaimer

Who is FunderPro for?

Fit by trading style

Beginners

OK with caveats

Classic has no consistency rule, static 10% drawdown and a refundable fee, but only 7.35% of buyers pass and funded rules tighten after the pass.

Experienced traders

Poor fit

Successful traders are the ones reporting payout refusals, and the $200k allocation cap limits scale.

Swing traders

OK with caveats

Unlimited time and a Swing add-on for weekends and news, though the add-on cuts FX leverage to 1:30 and the 20% margin cap still applies.

Scalpers

OK with caveats

No minimum hold time and 1:100 FX leverage, but $5-7 per lot on funded accounts and arbitrage or execution-pattern reviews add risk.

EA & algo traders

OK with caveats

EAs are allowed if you own the code; bought or shared bots, HFT and copy setups across people are banned.

News traders

OK with caveats

News is free during challenges; funded accounts need the paid Swing add-on to trade inside the 2-minute window.

About FunderPro

Founded 2022 · San Gwann, Malta

FunderPro Ltd is registered in Malta (company C 104558), with a second entity, FunderPro Saint Lucia Ltd, added in 2025 to provide the simulated trading service. The firm was set up in 2022 and launched its funded account challenge in March 2023, marketed at the time with real-capital funding and scaling to $5 million. Today every account is described as simulated. FunderPro grew inside the same group as TradeLocker; Finance Magnates described it in 2024 as a division of Red Acre, the TradeLocker owner, and investor-operator Owen Morton lists FunderPro alongside TradeLocker and Deus X Pay.

Trader tip

Treat the funded account as a different rulebook: the 20% margin cap per asset class does not exist in the challenge, so size every challenge trade as if it did. Trade from one device on a fixed home connection, never share a network with another FunderPro trader, and pick Classic to avoid both the consistency rule and the non-refundable Pro fee.

FunderPro timeline

  1. Jun 26, 2026 · milestone

    New CEO

    Tim Plummer replaces Gary Mullen as CEO of FunderPro, FunderPro Futures and NextTrade, citing new strategic investment. Source

  2. Mar 16, 2026 · milestone

    Senior departures

    Andreas Pilavakis leaves for GOAT Funded Futures; deputy CEO Petros Kalaitzis had already left for IC Funded. Source

  3. Mar 2026 · rule change

    Terms revised

    Challenge, Instant and General terms all carry a March 2026 revision date; the current Challenge T&Cs include an activation-fee account type, the 20% margin clause and the lot-size consistency clause. Source

  4. Feb 2026 · controversy

    Wave of payout denials

    Negative reviews peak as funded traders report rewards refused over shared IP or device findings, KYC mismatches and margin breaches. Source

  5. Jan 19, 2026 · controversy

    Trustpilot consumer warning

    FunderPro publishes a statement after Trustpilot adds a warning, blaming fake one-star attacks and third-party five-star spam. The rating was later withdrawn entirely. Source

Restricted countries

21 countries and regions can't sign up

  • Afghanistan
  • Belarus
  • Central African Republic
  • Democratic Republic of the Congo
  • Cuba
  • Haiti
  • Iran
  • Iraq
  • Libya
  • Mali
  • Myanmar
  • North Korea
  • Somalia
  • Sudan
  • South Sudan
  • Syria
  • Russia
  • Occupied regions of Ukraine (Donetsk, Zaporizhzhia, Luhansk, Kherson, Crimea, Sevastopol)
  • Venezuela
  • Yemen
  • United States (Instant Program and MT5 only)

FunderPro FAQ

Questions traders ask

Is FunderPro legit?

FunderPro is a real Malta-registered company that has sold challenges since 2023 and claims more than $22M paid to traders. Though, Trustpilot has withdrawn its rating over fake reviews and most recent reviews report refused payouts, so treat it as a higher-risk choice.

Does FunderPro actually pay out?

Yes. According to the firm, approved rewards are paid in USDC or via Rise, usually within a business day. The risk is approval itself: 63.6% of recent negative Trustpilot reviews describe a payout refused after a compliance review, most often over shared IP or device access.

How long do FunderPro payouts take?

FunderPro says approved rewards are paid within one business day, averaging 8 hours. Classic, One Phase and Instant accounts can request every 14 days, while Pro accounts can request daily at a 60% split or weekly at 90%.

What is the FunderPro pass rate?

FunderPro publishes it: 7.35% of traders who buy a challenge reach the funded phase, counted from launch to the present. That figure blends all challenge types and says nothing about how many funded traders get paid.

What are FunderPro's hidden rules?

The ones that catch traders are on funded accounts: a 20% margin cap per asset class, a ban on shared devices, VPS or IP addresses, and a discretionary lot-size consistency clause. None of the three is checked during the challenge itself.

Can you trade news with FunderPro?

During challenges, yes, without limits. On funded accounts you cannot open trades from 2 minutes before to 2 minutes after restricted news unless you bought the Swing add-on, which also lowers FX leverage to 1:30.

Are EAs allowed at FunderPro?

Yes, if you own the EA or its source code. Rented or shared bots, tick-scalping and HFT systems, and anything that exploits latency or feed gaps are banned.

Does FunderPro accept US traders?

The US is not on FunderPro's restricted list for challenges, but the Instant program and MT5 are not offered to US residents. The firm blocks 19 sanctioned or high-risk countries plus occupied regions of Ukraine, including Russia, Iran and North Korea.

Is there a FunderPro discount code?

FunderPro runs rotating promo codes through its site pop-up and newsletters, usually 20% to 30% off challenges. Codes expire when the campaign ends and cannot be reactivated, so check the homepage for the current one before buying.

Who owns FunderPro?

FunderPro Ltd is registered in Malta and sits in the same group as TradeLocker and Deus X Markets; investor-operator Owen Morton lists it among his businesses. Tim Plummer has been CEO since June 2026, replacing co-founder Gary Mullen.

What happens if I breach a FunderPro account?

A drawdown breach fails the account immediately and the fee is not refunded. On funded accounts, a first breach of the 20% margin rule removes those trades' profits and a second closes the account; FunderPro offers discounted resets and retries for failed challenges.

FunderPro 1-step vs 2-step: which is easier?

Classic two-step is the easier route for most: 10% then 5% targets, 5% daily and 10% max loss, no consistency rule. One Phase needs 10% in one step with only 3% daily and 6% total loss plus a 40% consistency cap.

Why is FunderPro's Trustpilot rating hidden?

Trustpilot says the rating is unavailable due to a breach of its guidelines and that it removed fake reviews. FunderPro blames coordinated attacks and third-party spam; our average of the remaining star split is 3.4, and Trustpilot's withheld score is 2.8.

FunderPro alternatives

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Sources

27 sources

  1. 1.FunderPro homepage (programs, prices, footer disclosures)
  2. 2.FunderPro Trading Rules
  3. 3.FunderPro Challenge Terms & Conditions (Mar 2026)
  4. 4.FunderPro Instant Account Terms & Conditions
  5. 5.FunderPro General Terms of Use
  6. 6.FunderPro Risk Disclaimer (7.35% pass rate)
  7. 7.FunderPro Rewards page
  8. 8.FunderPro Features page
  9. 9.FunderPro Products & Spreads
  10. 10.Help: margin rule on funded accounts
  11. 11.Help: reward frequency and eligibility
  12. 12.Help: profit split and scaling after passing
  13. 13.Help: challenge fee credit
  14. 14.Help: consistency rule
  15. 15.Help: lot-size consistency policy
  16. 16.Help: country restrictions
  17. 17.Help: commissions per lot
  18. 18.Help: Instant risk management rules
  19. 19.FunderPro blog: Trustpilot statement (Jan 2026)
  20. 20.Trustpilot: FunderPro profile
  21. 21.PropFirmMatch: Funder Pro (unlisted)
  22. 22.Myfxbook: FunderPro reviews
  23. 23.Forex Peace Army: $4,342 payout rejected thread (Mar 2026)
  24. 24.FX News Group: Tim Plummer takes over as CEO (Jun 2026)
  25. 25.Finance Magnates: FunderPro coverage
  26. 26.PROP NAVI: FunderPro review and Trustpilot warning
  27. 27.Owen Morton (FunderPro investor-operator)