Frequently Asked Questions

These types of companies allow individual traders to trade with the company's capital. In return, the firm generally takes a share of the profits and charges a monthly fee for use of the desk or software platform. The word "proprietary" indicates that the firm's traders use the firm's capital to make trades rather than client funds, as in a traditional brokerage. This structure allows the firm to take on riskier bets because it is playing with its own capital, not client capital. Proprietary investment firms generally look for traders who can develop profitable strategies, so they often offer educational and training components to help traders learn about the markets and different trading strategies.

The benefits of trading with a proprietary firm like FundedKing include:

• Access to capital: Many traders do not have a large amount of capital to invest when they start trading. Through the challenge model, traders can gain access to significant sums of money that they would not otherwise be able to trade

• Risk mitigation: The trader does not risk his or her own capital in the markets when trading with the firm's money. If trades go wrong, the company absorbs the loss. -

• Profit sharing: A significant portion of the profits (usually 50% to 90%) goes to the trader. This can be an excellent income opportunity for successful traders.

• Learning and development: Many of these companies provide educational resources and community support, which can help traders develop their skills and strategies. They also often provide feedback and reports to their traders, helping them improve their trading performance.

We are unable to accept traders from the following countries:

United States (USA)

Israel

Traders must be at least 18 years of age and able to complete a KYC identity verification one they pass the evaluation stages. These documents can include drivers license, passport, ID’s, Proof of address documents bank statements, utility bills and more.

Affiliate Program:

We are always looking for amazing partners and we value each one. We have one of the highest industry payouts at a whopping ( L1 10.00% ) ( L2 12.50% ) ( L3 15.00 ) ( L4 17.50% ) ( L5 20.00% ) ( L6 25.00% ) of your clients purchase price. To sign up please click the affiliate sign up link at the top or bottom of our website

https://fundedking.com/affiliate

Everything related to the Referral and Ambassador program is handled by our Affiliate Support Department at TELEGRAM, please find attached their link so you can communicate directly

t.me/FundedKingTeam

At this moment in time we do not support account merging. Each trading account must be traded separate, however you are more than welcome to use a trade copier within your accounts. We will consider allowing merging at a future date.

FundedKing has no minimum trading days or maximum trading days. You can pass in 1 day or 1 year.

It is important that you take into account the Inactivity Rule.

At Funded King we allow the use of certain Bots & EA’s however there are certain restrictions on the types of EA’s and bots that can be used.

Please note we only allow HFT bots to be used for the challenge phases in HFT allowed challenge only , not allowed in all challenge . If you decide to use HFT bots on your live funded account, your account will be terminated.

Prohibited EA types:

1. News Scalping EA’s: EAs that exist to take advantage of price fluctuations specifically during news events by executing rapid scalping trades.

2. Arbitrage EA’s (Reverse and Latency) : EA’s that exist to capitalize on price differences between different markets or brokers, either through reverse trading or latency - related strategies.

3. Multi-Account Reverse Trading EA: Any form of reverse mirror trading, that makes the inverse trade from one account to another.

4. Tick Scalping: Bots that trade at extremely high speed based on tick-level price movements

5. EA’s designed to abuse demo servers: Any EA designed to exploit a demo server environment

We highly recommend that if you plan to use an EA that it be your personal EA you have developed, not one that is available mass market.. We have a strict copy trading rule, where your trades cannot match the exact trades of another trader so we recommend you make your EA as unique as possible.

Failure to abide by the above rules will result in account termination.

During all evaluation phases you may hold trades during news, and open trades when you want during red folder news events.

However for your funded account, profit from trades that are opened or closed within 10 minutes of a high-impact red folder news event will not be counted.

Red folder news trading within the 10 minute prior and after window, will result in profit deductions, but will not result in account loss. Profit deductions will be handled upon withdraw request.

We use Forex Factory as our red folder news reference.
In case the news is present throughout the day, we use the MyFxBook form.

There are only a few ways that you can fail the challenge or lose your funded account.

1. Daily drawdown rule: Violating the daily drawdown rule on your account. Please read exactly how our daily drawdown rule works in detail.

2. Maximum Drawdown rule: Violating the max drawdown rule. Please read exactly how our overall drawdown rule works in detail.

1. Participating in a prohibited trading strategy, please read in detail in the prohibited strategy section.

We understand that copy trading can be a useful tool and have developed the following guidelines.

1. If you want to use a copy trader to send trades into your Funded King account, you must be the owner of the account where the trades are originating from, and it must not be a demo account.

2. You are not allowed to set up a copy trader from an account you do not own, from a friend, business partner or any other relationship. We will ask for verification and proof of account ownership.

3. Please note we do not accept signal trading. The trades must be your own.

4. You must take into account that the copying tool must have a static IP.

Failure to comply with the above copy trading rules will result in account termination for non compliance.

There are no restrictions on how long you can hold a trade during the week. However it is very important you understand that keeping trades open over night will incur swap fees and subject to potential spread volatility.

For a limited time only we are enforcing a consistency rule, since we are allowing traders to pass with HFT bots. Once we no longer allow HFT, we will also remove the consistency rule. Please see below for details.

Traders must participate in 5 minimum trading days for each withdrawal.

At the time of requesting a withdraw we will review your trading history, and adjust your balance for any trades that fall outside of your trading range.

To determine your trading range you must first calculate your average trade size.

Divide the total lot volume you have traded by the number of executed trades to find your average lot size.

Example:

100 total lots traded

50 total trades executed

100 lots divided by 50 trades = Average lot size of 2

Now to determine your average lot size range check below

Average Lot Size x 0.25 = Bottom of your range

Average Lot Size x 2.00 = Top of your range

In our example above

2 x 0.25 = 0.5 Lots

2 x 2.0 = 4 Lots

So your trades must be between 0.5 and 4 lots. Any trades that fall out of the range will be removed at time of withdrawal plus you cannot have 1 trade make up more than 25% or more of your profit, considering that partial closures belong to the initial operation.

The Lot Range applies from the first request of the first withdrawal and is maintained for all future withdrawals on the account.

To be eligible for a withdrawal a minimum of 5 trading days with at least 1 trade per day is required, which means 5 days with 5 trades entered in the market, clarify that the 5 trades do not need to be in consecutive days.

Every 14 days (first and second withdrawal) and 10 days (third and fourth withdrawal) from your first operation of each period, you are eligible for a withdrawal, it is important to clarify that the 14 days count as follows, if you enter the operation TODAY the 14 days or 10 days (including weekends) starts counting from TOMORROW, for example if you enter the operation today 10th of the month the 14 or 10 days count from the 11th of the month.

First and second eligible withdrawals within 14 days of the first transaction.

Withdrawal 1 = 60%

Withdrawal 2 = 70%

Third and Fourth withdrawal eligible within 10 days of the first operation:

Withdrawal 3 = 80%

Withdrawal 4 = 90%

You may hold trades over the weekend during the evaluation phases. You cannot hold over the weekend once you have your funded account. If you do not close your trades by market close on Friday, this will result in a hard breach and the loss of your funded account.

At Funded King we accept almost all trading practices however we are looking for professional traders who understand how to manage large capital and manage risk. We are not looking for gamblers, or traders looking to manipulate the system. Below are the practices / strategies we do not allow. As a result of being an HFT friendly firm, we do understand we have stricter rules than most, but this is due to our elevated risk of not being able to assess a traders behavior prior to entering the funding stage.

• Copy Trading

  1. You cannot use signals, copy trading, group trading or any other activity that would result in the same trades from other traders.

• Reverse Trading / Group Hedging

  1. Hedging or executing reverse trades within a single account is permissible however doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.

  2. Group hedging involves individuals opening opposing positions across one or multiple prop firms ensuring one position always wins. All accounts found to be partaking in this practice will be banned.

      

• Account management services:

  1. Purchasing account management services or letting someone else trade for you will not be tolerated in any way.

  2. Sharing accounts and letting someone trade your account is strictly prohibited.

      

• Grid Trading

  • identifying Grid Trading Is subjective to our fraud department but more often than not we use the following points

    • Determining the starting price for the grid.

    • Choosing an interval, such as 5 pips, 25 pips, or 50 pips.

    • Determining whether the grid will be with-the-trend or against the trend.

    • Adding on trades as it goes into draw down

• Trade Stacking

  • Having 2 trades open at a time is not considered as stacking or layering , however, once there are 3 or more positions open for the same instrument, in the same direction. You will lose your funded account. An example being you open 3 XAU BUY trades without closing any of the prior ones.

• IP Management

  • The IP address from which you log in to your master account should remain consistent. If we detect multiple IP addresses logging into your account, our system will consider this a fraud violation for potential account management. Please note that if two individuals are operating from the same location for any reason, it is mandatory for them to use a VPN. Please contact support if you have any questions.

• Martingale Trading / EA’s

• Latency Arbitrage

• Guaranteed Limit Order Fills On News Events ( Buy and Sell Stop Orders On News Events)

• Please note trades that are opened for less than 2 minutes . This is to avoid any HFT like trading activities.

   

Please note any traders found partaking in the above strategies will be subject to losing there challenges / funded accounts.

In order to become a funded trader with Funded King, we expect you to be able to pass certain profit objectives in our evaluation challenges.

1. Phase 1 Profit Target - You must earn 8% profit based on the starting account balance. For example, if you purchase a $100,000 account challenge, in order to advance to phase 2 you must earn $8,000 dollars in closed profit with no open trades

   Phase 2 Profit Target - You must earn 4% profit based on the starting account balance. For example, if you purchase a $100,000 account challenge, in order to advance to phase 2 you must earn $4,000 dollars in closed profit with no open trades

Once you pass phase 1 and phase 2 you receive your funded account, you can trade with our capital, following all the established rules.

Maximum Daily Drawdown:

We tried to develop the most simple draw down rule possible.

The maximum Daily Drawdown Limit is 5% of your starting balance and does not trail or change.

Example 1:

If you have a 100k Challenge, your Daily drawdown will be fixed to $5000.

Day 1:

Starting day simulated Balance/Equity: $100,000
Allowed Daily Drawdown as always is $5,000, breach level will be $95,000 in equity

Day 2:

Starting day simulated Balance/Equity: $110,000
Allowed Daily Drawdown: $5,000, breach level is now $105,000 in equity.

The daily draw down limit is reset at 00:00 UTC

We tried to create the most fair and rewarding max loss rule in the industry and once again, keep it extremely simple. You cannot lose more than 10% of your starting balance, however the more profit you have in your account the less chance you have of violating this.

For example, let's say you have a $100,000 dollar account, you will only violate this rule when the account balance reaches less than $90,000. If you make profits on your account and bring your balance to $150,000 for example, you can lose up to $60,000 and never violate the max loss rule. But please always keep in mind the daily loss rule, as violating that will result in losing your account or failing a challenge.

Under no circumstances can someone login to your account from a different IP and manage your account or trade for you.

You can have as many IPs as you want in your operation but remember that if you have the same IP address between accounts, it will be cancelled by Account Management.

Under no circumstances will you be able to change your account name or change your password.

If you change either of these, it will be an automatic failure and you will immediately lose your account

Remember that the Account Management Rule is still active and dictates that you cannot have the same IP address on multiple accounts, i.e. 2 or more accounts cannot share the same IP address.

FX Pairs: 1:50

FX Exotics: 1:20

Indices & Gold 1:50

Oil: 1:20

Crypto: 1:1

We do not require you to use a stop loss for each trade, however for risk management purposes we strongly recommend you always use one.

You are trading simulated funded accounts once you pass your evaluation.

• A Simulated Funded Account are virtual funds in which a trader may be entitled to profit share payable as a percentage of the simulated profit generated in their account based on the Profit Split associated with the simulated funded account,

   

• For the avoidance of any confusion, please keep in mind that a Simulated Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is used by our proprietary trading firm where trades are copied at their own discretion and proprietary trading strategies are developed using the data.

We want to grow with you and as a result we allow scaling up to $3,000,000 Every 3 months we will increase your initial balance by 25% assuming certain conditions are met. You must achieve a total profit of 12% or more within these 90 days prior to requesting an account increase.

Once you qualify for a payout, in your dashboard choose a challenge and then click "Withdraw Funds" and you can request a payout.

Once you request a payout, our compliance department will review your account and notify you of your approval, adjustment or rejection within 48 business hours and payout within 72 business hours (as long as it complies with all the company's rules)

Please note: For your first withdrawal, you are required to go through the KYC process and the request payout button will not be active until you do so.

After you pass your evaluation, you will receive your funded account within 24-72 hours. Upon your first withdrawal request, we will require KYC submission to be eligible for withdraws.

Due to the fact that you can use HFT to pass your challenge, FundedKing at the moment is not offering any refunds of your evaluation fee on your first withdrawal.

All payouts are handled internally, via USDT TRC20

Review of your trading challenges typically takes 72 hours, at which point we will send you the funded trader contract and then your funded account.

Unfortunately if you breach a rule on your account, you will forfeit all profit that as been accumulated on your account.

This refers to the one hour period when the market closes. During this time, spreads can spike violently and create severe issues holding positions. Usually this happens at 5 PM EST. You will not be able to close positions at this time.

It is suggested you close your positions before market roll over, or make sure you have enough room with your stop losses to account for spread volatility. It is very probable that your stop loss and TP will not be respected.

Affiliate payouts anytime minimum $100

Once you request a withdraw you must wait for the funds to be withdrawn from your account.

Typically this can take between 6 and 72 business hours.

Once you see your profits have been deducted from your trading account, you can resume trading.

The daily loss allowance resets at 00:00 UTC.

All trading with Funded King takes place on live account

Due to the unique nature of accepting HFT and allowing traders to get funded in record time, we must introduce a maximum payout limit. Our goal is to ensure we can run a sustainable business that will be able to stand the test of time, unlike most firms in the industry.

Due to this, the maximum profit and payout you can receive is 7% of your starting account balance. Statistically speaking, this will not affect the majority of traders, but FundedKing is trying to prevent traders from entering into gambling-like behaviors, like using dangerously large lot sizes, opening a full margin position before news, and over all, using bad risk management.

Example Scenario:

On a 200K account, Any profit you make over $14,000 will no longer be counted towards your payout. So from this $14,000, we would pay your respective profit split, be it 50, 70, 80, 90, or 100%.

Your maximum profit will reset after each payout.

Since we send payouts over the ETH block chain, sometimes gas fees can get expensive. As a result we charge a 2% fees on trader withdrawals. It will be deducated from your payment automatically.

If 60 days or more pass without you logging in or performing a trading transaction, unfortunately your account will be permanently deactivated.