Funded Kings Prop Firm Review [Updated] (2024)

Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

Funded Kings Prop Firm Review [Updated] (1)

Funded Kings is a prop trading firm known for its trading challenges and range of account sizes from $25k to $300k. Offering both 1-step and 2-step challenges, the firm caters to different trading styles with an 80% profit split.

This review covers their platform, trading instruments, account options, and user experiences, highlighting both strengths and areas of concern for potential traders.

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Unlock Savings: Funded Kings Prop Firm Coupon Code

Currently, Funded Kings does not offer any coupon codes. Keep an eye out for future promotions and discounts.

Your Guide to Funded Kings Prop Firm

Core Identity of the Firm

Address: 8 The Green Dover, DE 19901, USA.
Legal Standing: Registered in the USA.
Owners: identity remains undisclosed.

Navigating Trading Platforms at Funded Kings

Innovative Platform: TradeLocker, integrated with TradingView, offering no-download accessibility.
Ease of Use: Immediate access post-purchase with TradeLocker login credentials.

Exploring Investment Instruments

Offering a diverse range: Forex, Gold, Silver, Commodities, Indices, and Crypto (including Bitcoin).

Payment Flexibility

Standard Methods: Accepts all major credit/debit cards.
Crypto-Friendly: Supports Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, and USD Coin.

Diverse Account Sizes for Every Trader

Ranging from $25k to $300k, catering to varying experience levels and risk appetites.

Profit Sharing Strategy

A lucrative 80% profit split across all challenges, aligning interests with traders.

Setting the Profit Targets

1-step challenges: 10% target.
2-step challenges: 8% in phase 1, 5% in phase 2.

Navigating Loss and Drawdown Guidelines

Daily Loss Cap: 4% for 1-step, 5% for 2-step.
Total Loss Threshold: 6% for 1-step, 10% for 2-step.

Trading Day Parameters: Min and Max

1-step: Minimum one day.
2-step: Minimum 5%.

Joining the Challenge: Cost Analysis

1-step: $199 – $1429, depending on account size.
2-step: $149 – $1399.

Decoding Fees and Commissions

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

Refund Policy: Conditions and Clauses

Refundable fees under certain terms. For details, refer to the official website.

Trial Offers: An Overview

No free trials, emphasizing real capital experiences.

Payout Regularity for Traders

Weekly payouts, ensuring a steady income flow.

Balanced View: Pros vs. Cons (Trustpilot Insight)

Pros: Rapid challenge completion, high success rate.
Cons: Concerns over transparency, professionalism, and extra fees.

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Answering Your Queries: 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:
• 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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