![Funded Kings Prop Firm Review [Key Takeaways] (1)](https://i0.wp.com/www.forexbrokersreviews.com/wp-content/uploads/2024/04/review-008-1024x538.webp "Funded Kings Prop Firm Review [Key Takeaways] (1)")
In the proprietary trading space, Funded Kings Prop Firm is recognized for its diverse challenge offerings and a wide range of account sizes, from $25,000 to $300,000.
The company provides both single-step and dual-step challenges, accommodating different trading styles with competitive fees and an attractive 80% share of profits.
Depending on the chosen challenge, traders are subject to maximum daily loss limits and overall loss limits, which introduces additional strategic considerations. Further details are discussed below.
However, there have been some concerns raised by clients regarding issues of transparency and execution efficiency.
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Funded Kings Prop Firm: Exclusive Coupon Information
As of now, Funded Kings has not released any coupon codes. Future updates or special offers will be announced as they become available.
Getting to Know Funded Kings Prop Firm
Operating as a proprietary trading firm, Funded Kings is based at 8 The Green, Dover, DE 19901, USA, and is registered in the United States. The identity of Funded Kings’ owner remains undisclosed, sparking interest in the firm’s leadership.
What Trading Platforms Does Funded Kings Offer?
Funded Kings elevates the trading process through TradeLocker, an advanced trading platform seamlessly integrated with TradingView charts.
Traders can engage with the platform immediately, requiring no additional downloads, once they have purchased their preferred Funded Account Challenge and received their TradeLocker access details.
The platform, TradeLocker, is distinguished by its cutting-edge technology and intuitive design, enriching the trading experience.
Trading Instruments at Funded Kings Prop Firm
Available securities at Funded Kings include:
- Forex X
- Gold X
- Silver X
- Various Commodities
- Indices
- Cryptocurrencies, including BTC
Further information is available in their FAQ section.
Payment Methods at Funded Kings Prop Firm
Funded Kings accepts a range of payment methods, including all prominent credit/debit cards like Mastercard and Visa. In addition, they accommodate cryptocurrency payments through Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT-ERC20), and USD Coin (USDC-ERC20).
Exploring Account Size Options at Funded Kings
Multiple account sizes are offered at Funded Kings, catering to a variety of experience levels and risk preferences. Options include accounts of $25k, $50k, $100k, $200k, and $300k.
How Funded Kings Prop Firm Shares Profits
At Funded Kings, a consistent 80% profit split is offered across all account challenges and steps, ensuring a mutual alignment of interests between the firm and its traders.
Profit Targets
At Funded Kings, the 1-step challenges have a uniform profit target of 10%, irrespective of the account size. In the 2-step challenges, traders must achieve 8% in the first phase and 5% in the second phase.
Drawdown Rules and Loss Limits at Funded Kings Prop Firm
The maximum daily loss at Funded Kings is limited to 4% for 1-step challenges and 5% for 2-step challenges. Total loss thresholds are set at 6% for 1-step and 10% for 2-step challenges.
Number of Trading Days Allowed
For 1-step challenges, the minimum trading requirement at Funded Kings is just one day. In contrast, 2-step challenges necessitate a minimum of five days, regardless of the challenge’s scale.
Cost of Entry for Funded Kings Prop Firm’s Challenge
The cost for 1-step challenges at Funded Kings starts at $199 for a $25k account and goes up to $1429 for a $300k account. For 2-step challenges, prices begin at $149 for a $25k account, with the highest account priced at $1399.
Fees and Commissions: What to Expect at Funded Kings
At Funded Kings, a uniform commission of $7 per lot is applied across all challenge types. This rate is consistent, irrespective of the challenge’s size or phase.
Information on Refunds at Funded Kings Prop Firm
Funded Kings provides conditions under which fees are refundable. For a comprehensive understanding of their refund policy, including all terms and conditions, their website offers detailed information.
Free Trials
Funded Kings does not provide a free trial for their challenges, choosing instead to focus on real capital utilization and live account experiences for adept traders.
Payout Timeline at Funded Kings Prop Firm
Traders at Funded Kings benefit from weekly payouts, allowing for regular withdrawal of earnings and supporting a continuous income from trading endeavors.
Weighing the Pros and Cons of Funded Kings Prop Firm (According to Trustpilot Reviews)
Pros
- Fast Challenge Passage: Customers have favorably reviewed the quick turnaround in passing challenges, with records of completion in merely 17 days.
- Effective Results: The successful navigation of significant challenges like the FTMO account with 160,000 EUR underlines their proficiency.
Cons
- Professionalism Concerns: Instances of unprofessionalism and transparency deficits have been reported, particularly in contexts of facing challenges or refund requests.
- Problematic Practices: Allegations against Funded Kings include breaching daily drawdown regulations and introducing unannounced extra charges.
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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