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Funded Kings Prop Firm Review

Funded Kings Prop Firm Review bestfxbrokers

Funded Kings stands out in the proprietary trading sector, offering a variety of challenges for traders, with account sizes ranging from $25k to $300k.

This review explores their offerings, including challenge types, profit splits, trading platforms, and instruments. Additionally, it addresses user feedback regarding transparency and execution, providing a balanced view of the firm.

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Coupon Code for Funded Kings Prop Firm

No current coupon codes are available for Funded Kings. Stay updated for future offers.

Diving into Funded Kings Prop Firm’s Details

Official address is 8 The Green Dover, DE 19901, USA.

Other information was not specified on the website.

Trading Platforms at Funded Kings

Funded Kings uses TradeLocker, integrated with TradingView, for a seamless trading experience.

Range of Instruments by Funded Kings Prop Firm

The firm offers trading in Forex, Gold, Silver, Commodities, Indices, and Cryptocurrencies.

Payment Methods at Funded Kings

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)

Available Account Sizes at Funded Kings Prop Firm

Offers account sizes of $25k, $50k, $100k, $200k, and $300k.

Profit Split Structure at Funded Kings

An 80% profit split across all challenge sizes and steps.

Targeting Profits with Funded Kings Prop Firm

Profit targets are 10% for 1-step challenges, and 8% and 5% for the two phases of 2-step challenges, respectively.

Daily Loss and Drawdown Rules at Funded Kings

Maximum daily loss limits are 4% for 1-step and 5% for 2-step challenges. Total loss threshold is 6% for 1-step and 10% for 2-step challenges.

Minimum and Maximum Days for Trading at Funded Kings

Minimum trading days are one day for 1-step challenges and 5% for 2-step challenges.

Pricing for Challenges

Ranges from $199 for a $25k account to $1429 for a $300k account in 1-step challenges, and slightly lower for 2-step challenges.

Fees and Commission Structure

A flat rate commission of $7 per lot across all challenges.

Refund Conditions at Funded Kings Prop Firm

Refunds are available under certain conditions detailed on the firm’s website.

Free Trials at Funded Kings Prop Firm

No free trials are offered, focusing on real capital and live account experiences.

How Often Does Funded Kings Prop Firm Pay Traders?

Weekly payouts are provided to traders.

The Good and Bad of Funded Kings Prop Firm

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.

Sounds interesting? Give it a try.

Funded Kings 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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