Forex Capital Funds Review

Forex Capital Funds has made a name for itself as one of the fastest growing prop trading firms in the industry. Bloomberg, Yahoo News, Digital Journal, and Market Watch feature it as a platform to watch out for, and it is not hard to see why. Crafted by traders, for traders, they facilitate quick and easy access to global markets. They offer competitive prices compared to most prop firms, allowing traders to maximize their earnings. Forex Capital Funds also offers other opportunities to trade using various financial instruments such as commodities, cryptocurrencies, indices, and pairs. The entry-level program begins at $5000 and traders who can prove themselves in the market have the opportunity to manage account sizes of up to $200,000 while retaining 90% of their profits.

Who is Forex Capital Funds?

Forex Capital Funds is a prop trading firm officially incorporated in July 2023 under the legal name Forex Capital Funds B.V. The firm has its headquarters in the Netherlands, Europe. Finn ter Wal and Stefan Verheul, the co-founders of the company, operate its daily activities. Forex Capital Funds provides traders with the opportunity to gradually level up their trading through their partnership with ThinkMarkets as their broker. Traders can choose between three account options, two two-step evaluations, and a three-step evaluation.

Their main office is located in Fascinatio Boulevard, Capelle aan den Ijssel 2909VA Netherlands.

Funding Program Options:

Forex Capital Funds offers three funding programs that traders can choose from:

Standard Evaluation
Voyager Evaluation
Odyssey Evaluation

Standard Evaluation:

The aim of this program is to spot talented traders who can manage higher risk and be successful in the forex market. It is a basic program for traders using a funded account for the first time and want to kickstart their trading journey. Forex Capital Funds’ Standard Evaluation provides account sizes ranging from $5000 to $200,000 for traders to manage and you can trade with up to 1:30 leverage.

To access this account type, you’ll need to pass the two-step evaluation.

Phase one tests your risk management skills. Traders must achieve a profit target of 8% without surpassing their 5% maximum daily loss or 10% maximum loss rules. There are no time limitations or trading day requirements for phase one but traders are expected to trade for at least five days before they can move to the next stage

Phase two of the evaluation process tests your profitability. The program is designed to see if a trader can hit a realistic profit target of 5% without exceeding their 5% maximum daily loss or 10% maximum loss rules. There are no time limitations or maximum trading days as well but you must trade for at least 5 days to pass and get a funded account.

Once both phases are successfully completed, traders receive a funded trading account. There are no minimum withdrawal requirements and you must stay within the 5% maximum daily loss and 10% maximum loss rules. Traders get their first payout 30 days from their first trading session on the funded account then later payouts can be requested bi-weekly. It’s important to point out that traders typically start with a 80% profit split but can quickly go up to 90% depending on how much profit you bring in.

Standard Evaluation Scaling Plan:

The Standard Evaluation also comes with a scaling plan. This is based on your profitable months and the number of payouts you qualified for while trading with your funded account.

It looks like this:

If you maintain profitability for two out of the last 3 months, the profit split will bump up to 82.5% including a 25% increase of your initial account balance.

If you are profitable for four out of six months, your profit split will increase to 85% including 25% increase of your initial account balance. Payouts can be requested after 10 days and the maximum daily drawdown increases by 1%. Plus, traders receive monthly salaries depending on their account size; $250 for accounts within the $5k to $50k range and $500 monthly salary for $100k to $200k.

If a trader is profitable for six out of nine months, they get:

87.5% profit split increase and 25% increase of the initial account balance
Weekly payouts and maximum daily drawdown increase by 1%
Monthly salary: $500 for accounts between $5k to $50k and $1000 for account sizes of $100k and $200k

If you are profitable for eight out of twelve months, your profit split gets increased to 90% along with a 25% increase of the initial account balance. Payouts can be made anytime and there is no maximum daily drawdown rule to follow. Plus, you receive $1000 monthly if your account is between $5k to $50k and $2000 if your account is anywhere between $100k and $200k.

Standard Evaluation Trading Rules & Objectives:

Profit Target: Funded accounts do not have any profit targets. But traders must reach a specific profit percentage to pass the evaluation stages, scale their account or withdraw earnings. The profit percentage for Phase 1 is 8% while the target for Phase 2 is 5%.
Maximum daily loss: A trader is only allowed to lose 5% in a single trading day but this is scalable to no daily drawdown depending on how profitable you are.
Maximum loss: The maximum loss limit without breaching the account is 10%.
Minimum trading days: You must trade for at least five days to pass the evaluation phase.
No Martingale: No form of martingale strategy is permitted while trading.

Voyager Evaluation

Forex Capital Funds’ Voyager Evaluation was designed to identify traders that can successfully manage risk while maintaining a healthy profit margin. Traders can access accounts from $5,000 to $100,000 and trade with up to 1:30 leverage.

For phase one, traders are expected to reach a profit target of 8% without exceeding the 4% maximum daily loss and 8% maximum loss rules. There are no minimum or maximum trading days in this stage.

For phase two, traders are to hit a profit target of 4% while maintaining a 4% maximum daily loss or 8% maximum loss rules. There are also no minimum or maximum trading days.

Once completed, you will receive your funded account. Payouts are done bi-weekly and there are no minimum withdrawal requirements but you must not surpass the 4% maximum daily loss or 8% maximum loss rules. At first, the profit split will be 80% but can later bump up to 90%.

Voyager Evaluation Scaling Plan:

The Voyager Evaluation also provides the opportunity to scale up. With this you’ll receive a profit split increase, account increase, monthly salary, and reduction in withdrawal time depending on your number of successful months.

For example:

If you maintain profitability for two out of the last 3 months, the profit split will bump up to 82.5% including a 25% increase based on your initial account balance.

If a trader is profitable for six out of nine months, they get a 87.5% profit split increase and 25% increase of the initial account balance. You can make weekly payouts and maximum daily drawdown increase by 1%. Plus, $500 monthly salary for accounts between $5k to $50k and $1000 for account sizes of $100k and $200k.

Voyager Evaluation Trading Rules:

Profit Target: Funded accounts do not have any profit targets. But traders must reach a specific profit percentage to pass the evaluation stages, scale their account or withdraw earnings. The profit percentage for Phase 1 is 8% while the target for Phase 2 is 4%.
Maximum daily loss: Traders are only allowed to lose 4% in a single trading day but this is scalable to no daily drawdown depending on how profitable you are.
Maximum loss: The maximum loss limit without breaching the account is 8% on all account sizes.
No News Trading: Executing new trades or closing old ones is prohibited whenever high-impact news comes out. There must be at least a 2-minute period before and after the news is announced.
No Martingale: No form of martingale strategy is permitted while trading.

Odyssey Evaluation

Forex Capital Funds’ Odyssey Evaluation was designed to identify traders that can successfully manage risk while maintaining a realistic profit margin. Traders can access accounts from $10,000 to $200,000 and trade with up to 1:30 leverage.

For phase one, traders are expected to reach a profit target of 8% without surpassing the 5% maximum daily loss and 10% maximum loss rules. There are no minimum or maximum trading days in this stage.

For phase two, traders are to hit a profit target of 5% while maintaining a 5% maximum daily loss or 10% maximum loss rules. There are also no minimum or maximum trading days.

For phase three, traders are also required to hit a profit target of 5% without surpassing their 5% maximum daily loss or 10% maximum loss rules.

Once completed, you are awarded a funded account. Payouts are done bi-weekly and there are no minimum withdrawal requirements but you must not surpass the 5% maximum daily loss or 10% maximum loss rules. At first, the profit split will be 80% but can later be increased to 90%.

Odyssey Evaluation Scaling Plan:

The Odyssey Evaluation also comes with a scaling plan. With this you’ll receive a profit split increase, account increase, monthly salary, and reduction in withdrawal time depending on your number of successful months.

For example:

If you maintain profitability for two out of the last 3 months, the split will bump up to 82.5% including a 25% increase based on your initial account balance.

Odyssey Evaluation Trading Rules:

Profit Target: Funded accounts do not have any profit targets. But traders must reach a specific profit percentage to pass the evaluation stages, scale their account or withdraw earnings. The profit percentage for Phase 1 is 8% while the target for Phase 2 is 4%. For Phase 3 the profit target is 5%.
Maximum daily loss: Traders are only allowed to lose 5% in a single trading day but this is scalable to no daily drawdown depending on how profitable you are.
Maximum loss: The maximum loss limit without breaching the account is 10% on all account sizes.
No Martingale: No form of martingale strategy is permitted while trading.

What Makes Forex Capital Funds Stand Out from the Other Proprietary Trading Firm?

Forex Capital Funds sets itself apart from other prop firms through its unique offerings and account options. The evaluation phases are comprehensive and straightforward enough to test out the potential of every trader. The firm provides a diverse range of financial instruments to choose from. They also accommodate different prop trading styles and provide flexibility to traders to grow their trading career at their own pace.

Each evaluation has a unique scaling plan allowing traders to increase their profit potential within a relatively short period. The Odyssey Evaluation stands out as one of the top choices for more experienced traders who want to manage larger accounts because it has affordable evaluation fees, no trading costs, unlimited trading period, a scaling plan for maximum daily drawdown, and no minimum trading day requirements.

Is Getting Forex Capital Funds Capital Realistic?

Although Forex Capital Funds offers a very attractive profit split and favorable trading conditions, it is important to determine if it is possible to meet their trading requirements and how convenient it is to get access to capital for trading. It is also necessary to place careful consideration on factors like time restraints and withdrawal limitations if any to decide whether or not the prop firm meets your trading needs.

Receiving capital from Forex Capital Funds is realistic because:

The Standard Evaluation offers below average profit targets (8% in phase one and 5% in phase two) including average maximum loss rules (5% maximum daily and 10% maximum loss). You are only required to trade for at least 5 days and get to keep 80% of the profits with the opportunity to scale to 90%.
The Voyager Evaluation has realistic profit targets (8% in phase one and 4% in phase two) including below average maximum loss rules (4% maximum daily and 8% maximum loss). It provides flexibility with no minimum or maximum trading day requirements and an advantageous split of 80% to 90%.
The Odyssey Evaluation offers modest profit targets (8% in phase one and 5% in phase two and 5% in phase three) including average maximum loss rules (5% maximum daily and 10% maximum loss). For each account, you can trade with leverage of 1:30.There are no time restraints or trading day requirements giving traders utmost flexibility with their account management. After completing all 3 evaluation phases, traders can enjoy a split of 80% up to 90%.

Payment Proof

Since it was incorporated as a prop firm in July 2023, Forex Capital Funds has quickly garnered a large community of traders using funded accounts. The firm’s payment proof can be found on various websites like Trustpilot where traders provide positive feedback and share their payouts from the prop firm. Traders can also refer to their Discord channel where you can find several payout certificates.

Here are some payout certificates:

Support

If you have questions or concerns about Forex Capital Funds, you can seek assistance through the live chat on the website or via email at support@forexcapitalfunds.com. Checking their FAQ page could provide you with quick answers but you could get a more detailed response through the Discord channel.

Conclusion

Forex Capital Funds is a highly recommended and reliable prop firm for traders to explore different forex markets with the opportunity to choose between three account types.

Forex Capital Funds’ Standard Evaluation is an industry-standard two-step evaluation process. Traders must hit profit targets of 8% and 5% in phase one and phase two respectively complemented by a 5% maximum daily and 10% maximum loss rule. Traders can scale their accounts, increase their account balance and keep up to 90% of the profits.

Forex Capital Funds’ Voyager Evaluation is also a two-step evaluation. Traders are to reach profit targets of 8% in phase one and 4% in phase 2 while respecting the 4% maximum daily and 8% maximum loss rules. It is possible to scale our initial account balance and keep up to 90% of your profits.

Forex Capital Funds Odyssey Evaluation requires a trader to complete a three-step process. Traders must maintain profit targets of 8% in phase one, 5% in phase two, and 5% in phase three to receive a funded account. You can trade at your own pace because there are no time limits and trading day requirements. Additionally, there is the opportunity to scale your account.

Overall, Forex Capital Funds is a desirable platform for traders seeking a prop firm with access to various markets and one with favorable trading conditions.