Forex Capital Funds Review

Forex Capital Funds has positioned itself as a budding proprietary trading firm with aspirations of expansion by offering traders worldwide an impressive funding opportunity of up to $600,000. To gain this, traders must successfully navigate a 2-stage evaluation, subsequently allowing them the privilege to begin trading on a funded account and attain profit splits.

Forex Capital Funds is driven by the ambition to offer swift and economical access to global trading arenas, a move that they hope will undercut traditional prop trading expenses. They aren’t merely contending on price – their vision is grander. They're on a mission to recalibrate the prop traders' expectations, influencing what they believe can be achieved on a larger scale through a trader funding program.

A Glimpse into Forex Capital Funds

Headquartered in the heart of Europe, the Netherlands, Forex Capital Funds is a relatively recent addition to the prop trading realm, having been established in July 2023. Their aim is to equip under-resourced traders with funding up to $600,000, coupled with a tempting profit split ranging from 80% to 90%. Their operations are fortified by their association with Eightcap as their broker.

Their base of operations is Fascinatio Boulevard 708, 2909 VA Capelle aan den IJssel.

Behind the Scenes: Leadership of Forex Capital Funds

The brains powering Forex Capital Funds are co-founders Finn ter Wal and Stefan Verheul.

Finn Ter Wal, a 24-year-old Dutch trading maestro, comes with a rich tapestry of trading experiences. Before his foray into trading, he helmed a successful e-commerce enterprise. Today, he revels in cultivating a dynamic trader community, pushing them towards their pinnacle of success. His two-year intense trading stint has seen him perfect a trading approach pivoted around market liquidity, a feat achieved in tandem with top-tier trading enterprises. Outside the trading universe, fitness beckons him, not just as a passion but as a profession too.

Stefan Verheul, at 29, is a tech-savvy trader with Dutch roots. His eclectic background is a blend of engineering and real estate, equipping him with an analytical prowess. His recent two-year journey into trading has had him rub shoulders with diverse software and prop trading entities. Beyond his corporate avatar, he's on a mission to instill camaraderie in the trading world. His leisure pursuits involve fitness regimes and competitive swimming.

Diving Deep: Funding Program Options

Forex Capital Funds extends an array of evaluation program accounts for traders to cherry-pick.

Evaluation Program Accounts

The evaluation program account at Forex Capital Funds serves as a litmus test, filtering out dedicated and adept traders. Successful traders can bask in the two-stage evaluation process benefits. Trading in this account is restricted to a 1:30 leverage.

• Phase 1: A profit target of 8%, without breaching 5% daily or 10% total loss limits. No ceiling on trading days, yet a minimum of five trading days is mandated to transition to phase two.
• Phase 2: A profit target of 5%, adhering to the same loss constraints. Again, while there's no upper cap on trading days, five days is the minimum requirement to qualify for a funded account.

Clearing both evaluation phases unlocks the door to a funded account, devoid of any profit milestones but bound by 5% daily and 10% total loss constraints. The initial payout window is a month from your inaugural trade, with subsequent payouts on a fortnightly schedule. Profit splits oscillate between 80% and 90%, contingent on the profit margin.

Scaling Strategy for Evaluation Program Accounts

If traders clock a 7% or more profit over three months, with profitability in two of those months, they can relish a 25% augmentation in their original account balance. For instance, a $200,000 account would swell to $250,000 after three months, $300,000 in the subsequent trimester, and so forth.

Available trading instruments span forex pairs, commodities, indices, and cryptocurrencies.

Evaluation Program Account Norms

Key rules include:

• Profit Targets: 8% for Phase 1, 5% for Phase 2, and none for funded accounts.
• Daily Loss: 5% for all account sizes.
• Overall Loss: 10% for all account sizes.
• Trading Days: 5 days minimum for both phases, with no stipulations for funded accounts.
• Third-Party EA Risk & No Copy Trading: Traders must remain wary of third-party EA risks and refrain from using copy trading services.

What sets Forex Capital Funds apart from other prop firms?

Forex Capital Funds stands out in the prop trading landscape for its emphasis on granting traders unrestrained trading freedom. Traders are permitted to act during news releases, retain their trades overnight, and even over weekends.

Contrasting Forex Capital Funds with other top prop firms, its evaluation program is bifurcated into two distinct phases. Traders must navigate through these phases before qualifying for disbursements. Phase one has an 8% profit target, while phase two's target stands at 5%, accompanied by a 5% cap on daily losses and 10% total loss limit. A prerequisite of a minimum of five trading days is set for each phase prior to obtaining a funded status. Forex Capital Funds is also distinguished by its low profit milestones, typical drawdown constraints, lenient trading directives, and limitless trading tenure throughout both assessment phases.

Comparison between Forex Capital Funds & Finotive Funding:

Comparison between Forex Capital Funds & FundedNext:

Comparison between Forex Capital Funds & E8 Funding:

To summarize, what makes Forex Capital Funds unique among top-notch prop firms is its liberal approach to trading styles, letting traders operate during news, maintain overnight trades, and even over weekends. This is coupled with their favorable profit targets, average drawdown restrictions, and the freedom of unlimited trading durations during evaluation phases.

Is securing funding from Forex Capital Funds feasible?

In the journey to discover the most compatible prop firm for your forex trading flair, it's vital to discern the feasibility of their trading conditions. A firm might lure with a substantial profit percentage on a hefty funded account. However, if they anticipate towering monthly profits paired with a stringent drawdown limit, success probabilities dwindle.

Earning capital through Forex Capital Funds' evaluation program accounts is viable, especially given their modest profit targets (8% in phase one and 5% in phase two) along with standard loss parameters (5% daily and a 10% total loss ceiling).

Given these factors, Forex Capital Funds emerges as a prime contender for traders aiming for funding. Their evaluation accounts present achievable trading goals and favorable conditions for payouts.

Proof of Payment

Established in July 2023, Forex Capital Funds is relatively new, hence details regarding traders' payout evidence remain unavailable.

Once you initiate your first trade on your funded account, payouts get processed after a span of 30 days. An attractive profit split of 80% is granted to you. Payout procedures are executed on the very day, and if you decide not to claim your profits within 14 days, you're free to persist in trading on your account until the subsequent profit split session. If there's an absence of profits during the withdrawal phase, the trading timeframe gets an automatic extension.

Brokerage Choice of Forex Capital Funds

Forex Capital Funds has partnered with Eightcap as its broker of choice.

Headquartered in Melbourne, Australia, Eightcap is a broker regulated by ASIC. Inaugurated in 2009, they embarked with a clear, uncomplicated objective: to extend outstanding financial services to their clientele. With a presence marked by five global offices and regulation frameworks in diverse locations, they offer clients worldwide the platform to engage in various markets including FX, indices, commodities, and stocks.

Regarding trading platforms, Forex Capital Funds permits trading activities on MetaTrader 4.

Trading instruments

With Forex Capital Funds, you can trade with forex pairs, commodities, indices, and cryptocurrencies with 1:30 maximum leverage.

Trading fees

Trading commission:

Spread:

To see the live spreads, use these login details to access the trading account below:

Platform: MetaTrader 4

Server: Eightcap-Demo04

Login Number: 2145643156

Password: b2OeTju

Download Platform: Download

Training & Resources for Traders

Forex Capital Funds currently doesn't offer supplemental educational courses.

Nonetheless, Forex Capital Funds equips its traders with a comprehensive trading dashboard. This allows traders to monitor their performance seamlessly, aiding in risk management and offering a clear view of all pivotal trading objectives and relevant statistics.

Feedback from Traders on Forex Capital Funds

Forex Capital Funds has garnered positive feedback in user testimonials.

On Trustpilot, their performance stands out with an impressive rating of 4.3/5 from a total of 8 reviews. However, it's worth noting that Forex Capital Funds is in the nascent stages of its funding journey, implying there's potential for more feedback to emerge over time. This relatively sparse feedback stems from the fact they only initiated operations in July 2023.

Online Presence

Forex Capital Funds maintains a presence across various social media platforms, including:

• Facebook
• Instagram
• Twitter

Assistance

Forex Capital Funds features a FAQ section, detailing insights about their organization and essential guidelines to abide by during the evaluation program.

You can touch base with their support team via their social media handles, or for a more direct approach, shoot an email to support@forexcapitalfunds.com.

Summing Up

To wrap up, Forex Capital Funds emerges as a budding proprietary trading entity, presenting traders the option to select from varied evaluation program account tiers.

These evaluation initiatives align with the industry's dual-phase assessment framework, mandating the accomplishment of both phases prior to obtaining funding and qualifying for profit splits. Forex Capital Funds necessitates traders to achieve 8% profit targets in the first phase and 5% in the subsequent phase, presenting feasible targets, especially when juxtaposed with the 5% daily cap and 10% aggregate loss stipulations. Through these evaluation programs, traders stand to gain between 80% and 90% of profit splits, accompanied by the potential to escalate their account capacities.

Forex Capital Funds can be recommended for anyone in quest of a prop firm with transparent trading regulations. As a budding name in the proprietary trading arena, they extend commendable terms to a broad spectrum of traders, each boasting distinct trading methodologies. Weighing in on everything that Forex Capital Funds brings to the table, they undeniably emerge as a compelling contender in the proprietary trading firm sector.

This assessment of Forex Capital Funds was last revised on 03.08.2023 at 09:37 (CE(S)T).

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