Frequently Asked Questions
General
FundedSpot is built by traders, for traders. We know firsthand the obstacles retail traders face in navigating today’s dynamic markets, and we’re here to empower them. Our vision is to redefine the proprietary trading experience by providing unmatched trading conditions, cutting-edge tools, and a supportive environment designed to help traders unlock their full potential and achieve long-term success.
At FundedSpot, we are committed to empowering talented traders. If you have the skills, discipline, and a proven ability to navigate the markets successfully, we’re here to provide the resources and support you need to elevate your trading journey to new heights.
If you possess the skills of a seasoned trader, FundedSpot gives you the chance to trade with our capital while keeping up to 90% of the profits you generate—all without any liability for losses. Your success is our success, which is why we are dedicated to providing top-tier trading conditions and unmatched support. Beyond capital, we offer a robust account analysis dashboard, delivering valuable insights to help you sharpen your strategies and elevate your trading performance.
Once your evaluation is approved, you will be required to complete the Know Your Customer (KYC) verification process. This can be done easily through your dashboard, where a notification will appear at the top to guide you. Typically, the entire process, including approval, takes only a few minutes.
The KYC verification involves the following steps:
1. Proof of Identity:
Submit one of the following documents:
Government-issued ID
Driver’s license
Permanent residence permit
Passport
2. A Selfie:
Provide a clear selfie that matches the identity document submitted.
3. Proof of Address:
Submit one of the following documents:
Utility bill (e.g., landline telephone, gas, or electricity bill)
Bank account statement
Proof of residence issued by a Notary Public or Government Authority
Identity card or document with an address issued by a Central or State Government
Once these steps are completed, your account will be verified, and you’ll be ready to start trading. The process is designed to be quick and straightforward.
Trading Rules
The commission is set at $3 per standard lot across all financial instruments.
You Can Trade FX Pairs, Metails, Indices, Energies and Major Crypto Coins.
The Maximum Loss Limit is the lowest your equity or balance is allowed to reach. This limit is set as a percentage of your initial account size during each evaluation phase. For example, if you have a $100,000 account and the Maximum Loss Limit is 10%, your equity or balance cannot fall below $90,000 at any point.
Example
You’ve opted for a $100,000 account. The Maximum Loss Limit is 10% of the starting balance, which for this example is $100,000:
Maximum Loss = $100,000 * 10% = $10,000Maximum Loss Limit.
This means your equity or balance cannot drop below $100,000 – $100,000, resulting in a Maximum Loss Limit of $90,000.
If your equity or balance falls below $90,000 at any time, your account will be closed.
The Maximum Daily Loss is the amount you are allowed to lose on any given day. This rule uses the higher value between your account’s equity and balance. It is calculated as a percentage of the starting equity or balance for each day. The rule dictates that your equity, which includes both floating profit/loss (PnL) and any closed positions, must not drop below the Maximum Daily Loss limit. This limit resets at 00:00 GMT +3/server time daily.
Example 1: Equity is higher than the balance at the start of the day (2-Step Evaluation example)
At the start of day 3, your account balance is $113,000, and your equity is $116,500. Since equity is higher, the Daily Loss Limit is based on 5% of the equity:
Daily loss = $116,500 * 5% = $5,825 Daily Loss Limit.
This means your equity can’t go below $116,500 – $5,825.
Daily Loss Limit = $110,675 on day 3.
If your equity falls below $110,675 at any point during day 3, your account will be closed.
Example 2: Balance is higher than the equity at the start of the day (2-Step Model example)
At the start of day 8, your account balance is $104,000, and your equity is $101,000. Since the balance is higher, the Daily Loss Limit is based on 5% of the balance:
Daily loss = $104,000 * 5% = $5,200 Daily Loss Limit.
This means your equity can’t go below $104,000 – $5,200.
Daily Loss Limit = $98,800 on day 8.
If your equity drops below $98,800 at any point during day 8, your account will be closed.
If a trading account remains inactive for 30 consecutive days, it will be automatically suspended.
1.1 Use of Bots:
Traders are strictly prohibited from using bots that manipulate, abuse, or provide an unfair advantage while utilizing the FundedSpot trading platform.
1.2 Unconventional Trading Practices:
Traders must avoid engaging in trading behaviors that deviate from standard market conventions or pose risks to FundedSpot. The following strategies are prohibited:
Martingale Trading: Doubling trade sizes after each loss to recover previous losses, as this approach is not aligned with sound risk management practices.
Tick Scalping: Engaging in high-frequency trades aimed at profiting from small bid-ask spreads.
News Scalping: Opening and closing positions rapidly during high-impact news events, especially when exploiting market data feeds.
1.3 Arbitrage:
All forms of arbitrage, including latency arbitrage and swap arbitrage, are strictly prohibited on the FundedSpot platform.
1.4 Exploitative Strategies:
Traders must not knowingly or unknowingly employ strategies that exploit temporary service issues, such as price feed discrepancies or delayed updates.
1.5 Group Trading:
Hedging different accounts internally or in collaboration with other evaluation firms similar to FundedSpot is strictly prohibited. This includes engaging in reverse trading during high-impact news events.
2. Other Prohibited Activities
2.1 Account Ownership:
All trading accounts participating in FundedSpot evaluations must be exclusively traded by the account holder, with no changes allowed once a phase has been completed.
2.2 Account Management Services:
The use of third-party account management services or engaging in services that assist with passing evaluations is strictly forbidden.
2.3 IP Address and CID:
Each IP address or CID should be associated with a single trader. Violating this rule will result in the suspension of all accounts involved.
2.4 Account Information Sharing:
Sharing account credentials or allowing others to trade on your behalf is strictly prohibited. Violations will lead to the closure of all accounts involved.
If you breach any of the trading objectives, all open positions will be closed, any pending limit and stop orders will be canceled, and your account will be switched to view-only mode. Your account dashboard on our website will display the specific trading objective(s) you breached, along with the exact time of the violation. Additionally, you will receive an email notification informing you of the breach as soon as it is detected.
Evaluation Models
The evaluation process for the FundedSpot 2-Step model includes two stages, both requiring a profit goal of 10%.
Phases of the 2-Step Model
Phase I:
This is where you’ll demonstrate your trading abilities and establish yourself as a trader. In this phase, you must achieve a profit target of 10%, while adhering to all other trading rules, and complete a minimum of 3 trading days. Once you pass Phase I, you will immediately advance to Phase II.
Phase II:
The second phase serves to confirm your trading results from Phase I. During this phase, you are required to hit a 10% profit target without breaking any trading rules and complete at least 3 trading days.
Phase III – The Verified Phase:
Upon successfully completing both phases, you will have proven your trading mastery and will be invited to trade with our capital.
Risk Management Rules
Maximum Daily Loss:
The Maximum Daily Loss is the total amount you are allowed to lose within a single day. It is calculated as 5% of the higher value between your starting equity or balance for that day. The rule applies to the equity, which is the sum of all closed positions and the current floating PnL (Profit and Loss). The daily loss limit resets every day at 00:00 GMT+2/server time.
Maximum Loss Limit:
This is the threshold below which your equity or balance cannot drop. The Maximum Loss Limit is set at 10% of the initial account size. For example, with a $100,000 account, your equity or balance must not fall below $90,000 at any time.
Payouts & Profit Split
Once you receive your Verified account, you are eligible to request payouts on a bi-weekly cycle, with an 80% profit split.
Note: The minimum payout request must be 1% of the initial account balance, including the profit split.
The evaluation process for the FundedSpot 1-Step model includes one stage, requiring a profit goal of 10%.
Phases of the 1-Step Model
Phase I:
This is where you’ll demonstrate your trading abilities and establish yourself as a trader. In this phase, you must achieve a profit target of 10%, while adhering to all other trading rules, and complete a minimum of 3 trading days. Once you pass Phase I, you will immediately advance to Phase II.
Phase II – The Verified Phase:
Upon successfully completing the first phase, you will have proven your trading mastery and will be invited to trade with our capital.
Risk Management Rules
Maximum Daily Loss:
The Maximum Daily Loss is the total amount you are allowed to lose within a single day. It is calculated as 3% of the higher value between your starting equity or balance for that day. The rule applies to the equity, which is the sum of all closed positions and the current floating PnL (Profit and Loss). The daily loss limit resets every day at 00:00 GMT+2/server time.
Maximum Loss Limit:
This is the threshold below which your equity or balance cannot drop. The Maximum Loss Limit is set at 6% of the initial account size. For example, with a $100,000 account, your equity or balance must not fall below $94,000 at any time.
Payouts & Profit Split
Once you receive your Verified account, you are eligible to request payouts on a bi-weekly cycle, with an 80% profit split.
Note: The minimum payout request must be 1% of the initial account balance, including the profit split.
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Payments & Refunds
You can purchase an evaluation account using the following methods:
Credit Card
Cryptocurrencies
Bank Transfer
It is essential that you use a credit card registered in your own name when purchasing an evaluation account with FundedSpot