![Funded Kings Prop Firm Review [2024 Challenges] (1)](https://i0.wp.com/www.forexbonuses.org/wp-content/uploads/2024/04/pasted-image-0-3-1024x538.png "Funded Kings Prop Firm Review [2024 Challenges] (1)")
Funded Kings stands out in the prop trading sector with its array of challenges and account sizes, ranging from $25k to $300k.
Offering both 1-step and 2-step challenges, the firm caters to various trader preferences with competitive pricing and a lucrative 80% profit split.
Traders face max daily loss limits and total loss thresholds that vary by challenge type, adding to the strategic demands. More on that below.
However, some clients have noted potential issues in transparency and execution.
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Funded Kings Prop Firm Coupon Code
Currently, there’s no mention of a coupon code for Funded Kings. Stay tuned for updates or offers in the future.
About Funded Kings Prop Firm
Funded Kings is a proprietary trading firm with headquarters at 8 The Green Dover, DE 19901 USA, also registered in the USA. The owner of Funded Kings has not been specified, leaving some curiosity about the leadership behind the firm.
Funded Kings Prop Firm Trading Platforms
Funded Kings provides a seamless trading experience using TradeLocker, a state-of-the-art platform integrated with TradingView charts.
This platform requires no download, and traders can start immediately after purchasing their chosen Funded Account Challenge and receiving TradeLocker login credentials.
TradeLocker enhances the trading experience with its advanced technology and user-friendly interface.
Funded Kings Prop Firm Instruments Offered
They offer the following securities:
- Forex X
- Gold X
- Silver X
- Commodities
- Indices
- Crypto & BTC
For more details, check out their FAQ.
Payment Options at Funded Kings Prop Firm
They offer all major credit/debit cards (Mastercard, Visa, etc.).
They also accept the following cryptocurrency payment methods:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Dogecoin (DOGE)
Tether (USDT-ERC20)
USD Coin (USDC -ERC20)
Funded Kings Prop Firm Account Sizes
Traders can choose from multiple account sizes at Funded Kings, including $25k, $50k, $100k, $200k, and $300k accounts, catering to different levels of experience and risk appetite.
Funded Kings Prop Firm Profit Splits
Funded Kings offers an attractive profit split of 80% across all challenge sizes and steps, aligning the interests of the firm with those of its traders.
Funded Kings Prop Firm Profit Targets
The profit targets are set at 10% for all 1-step challenges, regardless of account size. For 2-step challenges, the targets are 8% in phase 1 and 5% in phase 2.
Funded Kings Prop Firm Max Daily Drawdown and Loss
The maximum daily loss is capped at 4% for 1-step challenges and 5% for 2-step challenges. The total loss threshold is 6% for 1-step and 10% for 2-step challenges.
Funded Kings Trading Days: Minimum and Maximum
The minimum trading days for 1-step challenges is just one day, while 2-step challenges require a 5% minimum, irrespective of the challenge size.
Funded Kings Prop Firm Challenge Steps
In the 1-step challenge, traders aim to meet a set profit target within the constraints of maximum daily and total loss limits. The 2-step challenge adds an additional phase, requiring traders to demonstrate consistent profitability over two distinct stages.
Funded Kings Prop Firm Challenge Price
The pricing for 1-step challenges ranges from $199 for a $25k account to $1429 for a $300k account. The 2-step challenges are slightly cheaper, starting at $149 for a $25k account and reaching $1399 for the largest account.
Pros and Cons of Funded Kings Prop Firm (Based on TrustPilot Reviews)
Pros
- Rapid Challenge Passing: Customers have praised the efficiency in passing challenges, with reports of completing both phases in as little as 17 days.
- High Success Rate: Successful passing of significant challenges, like the FTMO account of 160,000 EUR, highlights their effectiveness.
Cons
- Credibility Issues: Some traders have reported experiences of unprofessionalism and lack of transparency, especially when facing challenges or requiring refunds.
- Questionable Practices: Allegations of violating daily drawdown rules and demanding additional, undisclosed fees have been made against Funded Kings.
Funded Kings Fees and Commissions
Funded Kings charges a commission of $7 per lot across all challenges. This flat rate applies regardless of the challenge size or step.
Funded Kings Refundable Fees
Funded Kings offers refundable fees under certain conditions. For detailed information on the refund policy, including specific terms and conditions, visit their website.
Funded Kings Free Trial Availability
Funded Kings does not offer a free trial for their challenges, focusing instead on providing real capital and live account experiences for qualified traders.
Funded Kings Payout Frequency
Funded Kings offers weekly payouts, allowing traders to access their earnings on a regular basis, contributing to a steady income stream from trading activities.
Funded Kings FAQ section
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:
- 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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