FundedBull is a young proprietary trading firm offering traders real funded accounts. Traders can take up a challenge, and get funded on live Forex accounts to generate profits. FundedBull has a 6% profit target and 90% profit sharing which is incredibly attractive. It also offers one of the most diverse trading platforms and has several funded accounts to accommodate both beginners and pros. With positive online reviews from prop traders, FundedBull offerings can not be ignored. Let’s analyze and assess the firm’s services in more detail below.
Safety of FundedBull
Despite being young, FundedBull offers trading services through several liquidity providers and brokers, allowing traders to access diverse markets with the lowest spreads. The firm has very positive trader reviews, further indicating its legitimacy. Because of positive reviews and several liquidity providers, FundedBull seems a legit and reliable prop firm launched by industry veterans. Despite being young, positive reviews make us believe that FundedBull stands business and aims to be a go-to prop firm for Forex traders who need funded accounts.
FundedBull promotion
FundedBull allows traders to further decrease the challenge price by using a 20% discount code available on their website. This lowers entry barriers for beginners considerably which is very beneficial for novice traders with lower budgets. The firm also offers periodic events to attract profitable traders and promote long-term relationships. With the 20% discount, FundedBull is the cheapest prop firm which also is reliable, a very attractive combination.
FundedBull Funded Account types
FundedBull offers several funded account types including 1-step, 2-step, and 3-step evaluation programs to attract traders at all experience levels. The funded options are the same for all three accounts and include $5k, $10k, $25k, $50k, $100k, and 250k real funding. The fees are super low from $49 on $5,000 funded options and allow traders to easily start a prop trading career which is very important in the prop trading industry. With many other firms chagrin about expensive fees, FundedBull lowers entry barriers even further and is suitable for beginners. The spreads are low on all accounts due to the multitude of platforms and reliable brokers backing FundedBull.
FundedBull Trading Rules and limitations
FundedBull has competitive rules and offers traders unique opportunities to start trading cheaper and with forgiving rules.
1-step accounts are the fastest way to acquire funded status and start trading for real profits after hitting the profit target of 9% which is lower than the industry average for these types of accounts. Traders have to maintain daily risks below 3% of their account balance and the maximum drawdown is capped at 6%.
The 2-step evaluation accounts come with slightly different rules with a 4% daily risk limit, 8% maximum drawdown, and an 8% profit target. There are minimum trading days for this account and traders must trade at least 5 days before they are eligible for funded status.
The 3-step evaluation challenges have the most forgiving rules such as 4% daily risk, 7% maximum drawdown, and 6% profit targets. This account also requires a 5 day minimum of trading but it’s not a challenge for 3-step accounts anyways.
FundedBull Assets and Platforms
FundedBull allows traders to access a number of asset classes including Forex, indices, commodities, and cryptos. All these assets can be traded with 1:50 leverage which is more than enough to control considerable position sizes even with a 5,000 USD funded account. All these assets can be traded on several popular and advanced trading platforms including DXTrade, MetaTrader 4, MetaTrader 5, cTrader, and Match-Trader. MT4, MT5, and cTrader come with custom indicator support and there are also automated trading robots available. FundedBull’s list of available platforms is really impressive and they are accessible on both mobile and desktop devices. There are also web trader alternatives requiring no installation. The firm also provides its traders with multiple tools such as a trader dashboard and trading evaluation software available on both desktop and mobile.
FundedBull Profit Share and Withdrawals
FundedBull has a 90% profit split which never changes and traders have access directly to this amount without the need to purchase additional paid addons, which is very beneficial for beginners with low budgets. Withdrawals are commission-free and take less than 2 business days which is standard for the financial trading industry.
FundedBull Education and Customer Support
FundedBull offers diverse educational resources to accommodate beginners and help them succeed in the long run. The firm provides excellent support with well-trained and polite personnel which we tested ourselves. There are several support options including email and live chat. Both support and website are multilingual and available in more than 5 languages. The live chat is the most efficient way to contact the firm and resolve any issues quickly. The firm has very responsive support personnel.
FundedBull Review Conclusion – Can you trust them?
Overall, FundedBull presents itself as a legitimate and attractive prop trading firm that has positive reviews online and multiple liquidity providers to ensure a competitive trading environment. Trading platforms offered are diverse and include all popular software including cTrader, and MT4. Assets are diverse and fees are very low from 49 dollars on the $5k funded accounts.
