FocusFunded Review
Conclusion
FocusFunded is a prop trading form which we give a score of 4.2 out of 5. To sum up, working with FocusFunded means an excellent customer experience also because they have agents available worldwide.
4.6
About FocusFunded
FocusFunded is a prop trading firm that seems like a trusted company with competitive pricing when compared to other companies in the space. Among their main features, trading technologies, the intuitive dashboard and convenient payout do stand out.
Since more and more traders venture into prop trading, this FocusFunded review aims to reveal some basic information about conditions, the brand itself and other useful benefits you might want to be aware of.
Challenges
Let’s begin with the type of challenges, where FocusFunded split things into two categories. Classic challenges refer to an evaluation in 2 phases: evaluation and verification. Traders need to have at least 5 trading days and achieve a profit target of 10% in each phase in order to receive a funded account.
Also, you need to know that you can choose between accounts of different sizes: 10k, 25k, 50k, 100k and 200k. FocusFunded seems to be an affordable prop firm, especially when looking at smaller accounts. The challenge fee for a 10k account is $68 at the time of writing, an attractive figure for most traders out there.
The second tier of challenge accounts is Pro. This is a one-step type evaluation, with a profit target of 8% and a minimum of 5 trading days. Traders can choose between 50k, 100k and 200k accounts. Pricing starts at $225 for the 50k account.
Platforms
In terms of trading platforms, customers can choose between two different options, compatible with multiple devices. The first one is DXtrade, a web-based trading software that seems to be getting traction as of late. On top of advanced charting, it comes with other analysis tools, trading journals and analytics that are meant to help you improve your performance.
The second platform is TradeLocker. You can download it on your desktop, or choose the Android/iOS app, depending on what you need. This platform integrates TradingView charting, which is a piece of good news for traders relying mainly on technical analysis.
Other Features
Before you embark on any trading challenges online, you need to be aware of all the features available. This FocusFunded review won’t be complete without a further assessment of the benefits involved.
The company allows traders to use EAs and algos, as well as most of the popular trading strategies. FocusFunded employs a 70-90% profit split on Classic accounts and a 70% profit split on its Pro funded accounts. The first withdrawal can be processed after at least 30 days of trading. After that, traders can request withdrawals on a bi-weekly basis.
Customers are allowed to trade major news events and also get involved in the market during weekends. Spreads and commissions are competitive, given FocusFunded partnered with Eightcap, a popular CFD broker.
Summary
To sum up, working with FocusFunded means an excellent customer experience also because they have agents available worldwide. The variety of challenges as well as the attractive pricing makes this firm appealing for many traders out there. Feel free to check their website if you want to learn more about the offer.