Brief informationFunded Folk
The online platform Funded Folk presents itself as a prop trading firm. The company reports registration in the UK, but does not name the year of entry into the market. The official website fundedfolk.co indicates the address of the head office — Abdymomunov, 257, Bishkek, Kyrgyzstan. However, the platform does not advertise the certificate of registration and permission from financial regulators and does not mention their availability.
Although FundedFolk considers itself a prop broker, it supports only paper trading without the participation of real money. The platform offers participants to buy access to simulations. Trading accounts with the company's capital are not available — traders actually work on demo accounts.
To contact the prop firm Funded Folk, you can write to the email support@fundedfolk.com or in the online chat. The project also has communities in popular social networks.
FundedFolk challenge terms
The platform offers to make simulated trades on MT4 and 5 with:
currency pairs;
commodities;
cryptocurrencies.
FundedFolk reports the following profit distribution mechanism for current challenge plans:
HFT (High-Frequency Trading) — from 50% to 100% of profit;
Phase-1/Phase-2 — 70%-100%.
It is important to note that here we are talking about virtual profit, not the company's capital. By payments, the platform does not mean real income from trading, but internal bonuses accrued for completing challenges. These bonuses allow you to pay for the next challenge or get discounts, but they are not subject to withdrawal.
In addition to the "profit", the Funded Folk prop company promises:
$5 (500 bonus points) for a video review of the platform;
$3 (300 points) for a post about the company on social networks.
The company also announces the accrual of system bonuses for attracting new participants.
Accounts at Funded Folk
The platform offers the following plans for completing challenges:
HFT Pro. There are 6 tariffs with virtual capital of $1000, $3000, $5000, $10,000, $25,000, $50,000, $100,000 and $200,000. Participants' contributions are $14, $25, $40, $75, $139, $75, $120 and $194 respectively. FundedFolk sets the following conditions: minimum 1 trading day, target profit — 8%, maximum loss per day — 5%, for the entire challenge — 10%.
Phase-1. The platform offers the same amount of capital for 6 accounts. The participation fee is from $9 to $150. The target is 10% profit, 4% maximum daily loss and 10% loss for the entire period. You need to make at least 5 trades for a period of 5 days. Leverage is x100.
Phase-2. Prop firm Funded Folk provides the same conditions with the addition of a target profit for the second phase — 5%. Participants pay from $8 for a basic account to $105 for the maximum plan.
Registration and personal account on fundedfolk.com
There are 3 resources for creating an account:
fundedfolk.co;
fundedfolk.org;
app.fundedfolk.co.
When registering, you need to specify a username, email and password. You can log in to your Funded Folk personal account through your Google account.
Deposits and withdrawals with FundedFolk
Since this is a simulation platform, only a small part of the "profitable bonuses" is subject to withdrawal from Funded Folk. You can transfer money to a card or crypto wallet after the request is processed within 1-2 business days. The size of the commission can be clarified with support.
Conclusion about Funded Folk
The platform calls itself a prop trading company, but in fact it does not allow you to earn real money on trading. Reviews about Funded Folk will help you learn more about the prospects and difficulties of cooperation.
