Funded Kings is a proprietary trading firm with its variety of trading challenges and account options, spanning from $25,000 to $300,000.
Offering both single-phase and two-phase challenges, the firm appeals to a broad spectrum of traders through its competitive fee structure and a generous 80% profit-sharing arrangement.
Traders are required to adhere to specific daily and total loss limits based on the challenge they participate in, which adds an element of tactical planning. More information on this can be found below.
Nonetheless, certain client feedback has pointed to issues related to transparency and order execution.
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Coupon Codes for Funded Kings Prop Firm
There are currently no available discount codes for Funded Kings. However, keep an eye out for any upcoming promotions or updates.
Funded Kings: Company Details
Funded Kings, a proprietary trading firm, is located at 8 The Green, Dover, DE 19901, USA and is also a registered entity in the USA. The proprietor of Funded Kings is not publicly known, which has led to some intrigue regarding the firm’s leadership structure.
Funded Kings Prop Firm’s Trading Platform Choices
Funded Kings offers traders a sophisticated trading experience through the TradeLocker platform, which is fully integrated with TradingView charts.
The platform is immediately accessible after the purchase of a Funded Account Challenge, requiring no software download, with traders receiving their TradeLocker credentials.
TradeLocker is renowned for its state-of-the-art features and an interface that enhances user accessibility.
The Instruments You Can Trade with Funded Kings Prop Firm
The securities available include:
- Forex X
- Gold X
- Silver X
- Diverse Commodities
- Indices
- Crypto assets, including BTC
More details can be found in their FAQ.
How to Pay at Funded Kings Prop Firm
Payment methods at Funded Kings include major credit/debit card options such as Visa and Mastercard. They also support cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT-ERC20), and USD Coin (USDC-ERC20).
Funded Kings Prop Firm’s Array of Account Sizes
Traders at Funded Kings have the option to select from diverse account sizes, including $25k, $50k, $100k, $200k, and $300k, each designed to suit different trading experiences and risk tolerances.
The Profit Sharing System at Funded Kings Prop Firm
Funded Kings presents an appealing profit-sharing model, with traders receiving 80% of the profits across all challenge sizes and steps, reinforcing a partnership ethos with the traders.
Profit Targets at Funded Kings Prop Firm
For all 1-step challenges at Funded Kings, traders are tasked with reaching a 10% profit goal, while 2-step challenges involve a tiered target of 8% for the first phase and 5% for the second.
Loss Rules and Daily Drawdown
In 1-step challenges, Funded Kings imposes a daily loss cap of 4%, which increases to 5% in 2-step challenges. The aggregate loss limit is 6% for 1-step and 10% for 2-step challenges.
Maximum/Minimum Trading Days at Funded Kings
The minimum trading days at Funded Kings are set at one day for 1-step challenges, while 2-step challenges require at least five days, irrespective of account size.
Funded Kings Prop Firm Challenge Fee Breakdown
At Funded Kings, pricing for the 1-step challenges varies, starting at $199 for a $25k account and scaling up to $1429 for a $300k account. The 2-step challenges are more affordable, with costs ranging from $149 for a $25k account to $1399 for a $300k account.
Funded Kings Prop Firm’s Fee and Commission Details
A fixed commission rate of $7 per lot is levied by Funded Kings for all its challenges, unaffected by the challenge’s scale or step.
Funded Kings Prop Firm and Their Refund Policy
Under certain circ*mstances, Funded Kings allows for fee refunds. Detailed insights into their refund policy, along with specific conditions, can be found on their website.
Does Funded Kings Prop Firm Offer Free Trials?
There is no free trial option available at Funded Kings; the firm prioritizes real investment and direct trading experiences for competent traders.
Trader Payout Schedule at Funded Kings
Funded Kings processes payouts on a weekly basis.
Trustpilot Assessment of Funded Kings Prop Firm: Pros & Cons
Pros
- Efficiency in Challenges: Numerous customers have lauded the swift process of passing challenges, sometimes in just 17 days.
- Success Stories: Completing major challenges, including the 160,000 EUR FTMO account, demonstrates their capability.
Cons
- Trustworthiness Issues: Some traders have voiced concerns about unprofessional behavior and a lack of clarity, especially during challenging times or when seeking refunds.
- Controversial Methods: Accusations of violating daily drawdown limits and charging extra, undisclosed fees have been directed at Funded Kings.
Funded Kings Prop Firm Website FAQ
How Do I Start?
The road to becoming a Funded Kings Trader could not be easier. To start, all you need to do is create a Funded Kings Account by following these simple steps:
– Sign Up on fundedkings.com.
– Open your Email Inbox and find our Verification Email.
– The Verification Link will redirect you to our concise Registration Form.
– You will need to provide your Full Legal Name, including Middle Name(s), and create a Password.
– Accept our T&C, and please confirm you are 18 years or older.
– Press on “Confirm”
That is all you need to do to become a Funded Kings Trader! You will obtain immediate access to your Funded Kings Account, ready to start your first Funded Account Challenge!
How Do I Become a Funded Trader?
We have structured our evaluation in a manner that simplifies the journey to becoming a Funded Trader. We care about our traders, protecting them from minor errors, and creating a trading environment that allows them to become professionals in risk management potentially.
Single Phase Challenge*
Our Single Challenge Name is a single-phase Funded Account Challenge, where in the single phase of the Challenge, you will trade on a Demo Account. We have set the following criteria that you need to successfully meet in this phase to become a Funded Trader:
b Single Phase Profit Target: 10%
• Single Phase Daily Drawdown: 4%
• Single Phase Overall Drawdown: 6%
• Minimum Trading Days: 1 day
• Challenge Duration: Unlimted
• Consistency Rule: 30%
When you have successfully completed our [Single Challenge Name] your performance as a trader will be evaluated by our team to selected as a Funded Trader, where you will trade on a Live Account.
Two Phase Challenge*
Phase 1: Evaluation Stage
In the first phase of our Funded Account Challenge, you will trade with a Demo Account, In this preliminary stage, we have set the requirements to begin the assessment of our traders. To pass this stage, traders much meet the following criteria:
• 8% Profit Target
• 5% Maximum Daily Drawdown
• 8% Maximum Overall Drawdown
• Minimum of 5 Trading Days
• 30% consistency rule
When you have successfully completed our Evaluation Stage (Phase 1), you will proceed to Phase 2, the Verification Stage.
Phase 2: Verification Stage
In the second stage of the Funded Account Challenge, you will prove your ability as a trader to build profit. Once you have passed the Evaluation Stage, you will receive New Credentials to log in to your new Demo Account for the second phase. In this stage, you will need to meet the below requirements:
• 5% Profit Target
• 5% Maximum Daily Drawdown
• 8% Maximum Overall Drawdown
• Minimum of 5 Trading Days
• 30% consistency rule
Once you have passed our Verification Stage, our team will meticulously assess your performance, and you will then become a fully-fledged Funded Kings Funded Trader.
How Do I Withdraw Profits?
You can withdraw profits as a Funded Kings Funded Trader simply by requesting payouts for any profits that you generate on a weekly basis. To be eligible for your first payout, you must meet the following criteria:
The first Payout Request can be requested 1 week after your First Trade.
We will only pay out if your profit exceeds $100 (calculated from Equity Gain made during the previous week).
Subsequent payouts will happen every Friday on a weekly basis.
What Payout Methods Are Available?
You can view our current Payment Methods that are available on our Trading Platform as you proceed to the Withdrawal Section. Any payouts will ONLY be paid to our Funded Traders who have completed our entire Verification Process and have not violated any of our Funded Account requirements.
You can update your Payment Details at any time through your Trader’s Portal, we will send you an email informing you that you have added/removed a Payment Method, as an extra security measure.
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