FundedFun has significantly expanded its range of evaluation challenges to democratize access to its platform. The company now offers a tiered system of challenges with entry points beginning at $2,000.
The expansion introduces three distinct evaluation models: An Instant Challenge that allows immediate profit-sharing, a streamlined 1-Step Challenge and a more rigorous 2-Step Challenge. Account sizes now range from $2,000 to $100,000, a structure the firm claims will lower barriers for a broader range of traders.
Three New Challenge Models Introduced
The newly launched Instant Challenge is the most notable departure from industry norms. It removes the traditional profit target, allowing participants to earn an 80% share of virtual profits from the outset, provided they adhere to strict daily and overall loss limits.
The other models follow a more conventional prop-trading framework. The 1-Step Challenge requires a 10% profit target within 60 days, while the 2-Step Challenge involves a two-phase evaluation process to test consistency over time.
FundedFun, which is incorporated in St. Lucia, uses the MatchTrader platform integrated with TradingView. The firm also runs promotional discounts, a common marketing tactic in the sector aimed at increasing participant volume.
In other industry news, FundingPips has broadened its business footprint by launching a new retail brokerage called Tradin, marking its entry into the direct-to-consumer trading arena.
Tradin promotes “ultra-tight spreads” and “fast executions” as standout features for prospective clients. The brokerage is regulated by the Financial Services Commission of Mauritius, while a separate corporate entity has been established in Saint Lucia, an arrangement commonly used by global financial firms.
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