What should traders know about KYC at FunderPro, including when verification is required?
💡 Answer
Is KYC Required at FunderPro?No
At what stage traders must go through identity verification at FunderPro?
FunderPro requires traders to complete the Know Your Customer (KYC) verification process after passing the Challenge and before signing the funded trader agreement or receiving any payouts. Traders may participate in the Challenge phase without completing KYC; however, verification is mandatory to transition into a funded account. FunderPro advises traders to ensure they can successfully pass the KYC process before purchasing a Challenge to avoid future issues. Once documents are submitted, the verification process typically takes 24–48 hours to complete.
More FAQs about FunderPro
- Which trading methods are supported by FunderPro, and which strategies are not allowed?
- What should traders know about payment options and refunds at FunderPro?
- How often can traders withdraw profits from FunderPro, and what payout methods are available?
- What percentage of profits can traders earn at FunderPro?
- Which tradable assets are offered by FunderPro?
- What leverage levels apply at FunderPro for different asset classes like forex, indices, metals, and crypto?
- What platform options are available to traders at FunderPro, and which broker does the firm work with?
- What execution conditions does FunderPro offer related to spread quality, commissions, and slippage?
- Are there any prohibited strategies at FunderPro, and how does the firm handle martingale trading and lot size limits?
- What kind of drawdown policy does FunderPro apply?
- Are there specific consistency or percentage-based rules at FunderPro?
- Does FunderPro offer different program or evaluation models?
- Can you explain the challenge model used by FunderPro?
- How large can a funded account be at FunderPro, and is there a scaling plan in place?
- How many Trustpilot reviews does FunderPro have, and what is its rating?
- What are FunderPro's available program types?
- What are the rules at FunderPro regarding maximum accounts per trader, account merging, and lot sizing?
- Does FunderPro have country-based restrictions for traders?
Guides Where FunderPro Is Featured
- Prop Firms Offering Crypto Leverage of 1:2 or Higher
- Prop Firms Offering Energies Trading
- Prop Firms Offering FX Leverage of 1:50 or Higher
- Prop Firms Offering Maximum Profit Split of 90% or Higher
- Prop Firms Offering Metals Leverage of 1:15 or Higher
- Prop Firms Offering More Than $100k in Funding
- Prop Firms Offering Profit Split Starting at 60% or Higher
- Prop Firms With At Least 3 Years in Operation
- Prop Firms With TradeLocker Platform
- Top Prop Firms That Accept Clients From Honduras
These guides include FunderPro alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FunderPro vs FundedFast vs BrightFunded - Prop Firm Comparison (March 2026)
Side-by-side comparison of FunderPro vs FundedFast vs BrightFunded. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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FunderPro
FunderPro is a Malta-registered simulated proprietary trading program that offers Pro, Classic, and One-Phase challenges on MT5, cTrader, and TradeLocker. Traders can manage up to $200,000 total funded allocation, earn performance rewards with profit splits up to 90%, and access...
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FundedFast
FundedFast is the trading name of Memento Enterprises Limited (Malta) and offers simulated prop-trading Challenges on MatchTrader. It provides one-phase and two-phase evaluations (10% then 5% targets on the two-phase), unlimited time limits, weekly payout requests on funded accounts via...
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BrightFunded
BrightFunded (Bright Global FZCO) is a Dubai-based prop firm offering an unlimited-time, 2-phase evaluation (8% then 5% targets) with 5% daily and 10% max loss limits, trading on cTrader, DXtrade and MT5 with up to 1:100 FX leverage, and Funded...
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| Overview | |||
| Trustpilot Rating | 0 | 3.7 | 0 |
| Trustpilot Reviews | 0 | 12 | 0 |
| Headquarters | Malta | Malta | United Arab Emirates |
| Age (Years) | 3 | 2 | N/A |
| Max Funding | $200,000 | $976,562 | $400,000 |
| Profit Split Start | 60% | 80% | 80% |
| Profit Split Max | 90% | 90% | 100% |
| Platforms | MT5 cTrader TradeLocker | Match-Trader | MT5 cTrader DXtrade |
| Assets | Forex Metals Energies US Indices EU Indices Shares Cryptos | Forex Commodities Precious Metals Indices Cryptocurrencies | FX Commodities Indices Crypto |
| Leverage | |||
| FX Leverage | 100 | 100 | 100 |
| Metals Leverage | 30 | 100 | 40 |
| Crypto Leverage | 2 | 20 | 5 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | 5 | 5 | 5 |
| Max Total Loss | 10 | 10 | 10 |
| Drawdown Type | Drawdown ModelFunderPro uses a balance-based daily drawdown reset and a fixed maximum drawdown measured from the initial balance (no trailing drawdown). Daily drawdown is calculated from a daily snapshot (5:00 p.m. EST / day start 00:00 GMT+3 server time depending on page context). | Drawdown ModelFundedFast enforces a fixed Max Daily Loss and a fixed Max Drawdown (no trailing drawdown disclosed on its Challenges page). The daily-loss limit is presented as a percentage limit and should be treated as including floating PnL exposure (open trades) for compliance. | Drawdown ModelBrightFunded’s drawdown approach uses an end-of-day (EOD) high-watermark logic for daily risk: the daily permitted loss is always 5% of the challenge size, and the next day’s breach level is set using the highest balance or equity recorded at the end of the prior day. The daily loss resets during the rollover window (roughly 23:30–23:59 CET).Across the evaluation phases, the account must also respect a 10% maximum loss limit; breaching either the daily or max-loss thresholds invalidates the account. |
| Payouts | |||
| Payout Frequency | Payout FrequencyOne-Phase & Classic: bi-weekly payouts (every 14 days). Optional “First Reward in 7 Days” add-on allows first payout after 7 days instead of 14.Pro: selectable payout cadence at checkout: Daily payouts (60% split) or Weekly payouts (90% split), eligible once the account is at least 1% in profit vs initial balance. | Payout FrequencyFundedFast states withdrawals can be requested once per week. To have a withdrawal processed on Monday, submit the request by 00:00 (UTC) Thursday of the previous week. | Payout FrequencyOn Funded Star accounts, BrightFunded allows the first reward split request 30 days after the first trade. After the first payout, reward splits can be requested bi-weekly (every 14 days). Optional add-ons at checkout can enable weekly payouts (every 7 days) and/or an instant 90% profit split upgrade. |
| Days to First Payout | 14 | 0 | 30 |
| Payout Processing Time | Payout ProcessingFunderPro states rewards are typically processed within 1 working day after approval (average issuing time ~8 hours). | Payout ProcessingFundedFast indicates weekly processing, with Monday as the processing day when submitted by the stated cutoff. Exact receipt timing depends on the payment provider and is not specified on the FAQ page. | Payout ProcessingBrightFunded states that payouts are typically processed by the finance team within about 1 day after a request is submitted, with final receipt time depending on the payment rail and compliance checks. |
| Payout Methods | USDC (direct transfer to wallet) Rise (reward paid to Rise wallet in USD; user can withdraw in preferred fiat/crypto via Rise) | N/A | Crypto (USDC – ERC-20) Bank Transfer |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto and other available payment options offe | Credit/Debit Card Bank Transfer Local Banking PIX (Brazil) Cryptocurrency | Credit/Debit Card Crypto |
| Trading Permissions | |||
| News Trading | 14 | Yes. FundedFast states news trading is allowed, but trades opened within 10 minutes of significant news announcements may be reviewed for compliance. Its Terms prohibit “gap trading” during significant news events (example: opening trades within five minutes of a major news announcement). | News trading is permitted, but traders remain responsible for respecting all drawdown rules; spreads and slippage can widen materially during high-impact releases. Tick-scalping and any attempts to exploit pricing/data-feed errors are prohibited. |
| Weekend Trades | Payout ProcessingFunderPro advertises an average reward issuing time of 8 hours (after approval). For challenge-fee credits (where applicable), fee credits are processed within 7 days of the first reward withdrawal. | Weekend holding is available via a Weekend Holding add-on at checkout. Overnight holding is allowed (swap applies at market close). | BrightFunded allows holding positions over the weekend. Traders should account for gap risk and liquidity changes at the weekly reopen; a swap-free add-on can remove swap fees for overnight/weekend holds when purchased. |
| Copy Trading | FunderPro allows copy trading under strict conditions designed to ensure that all trading activity originates from the trader’s own strategies. Copy trading is permitted only between accounts owned by the same individual (including the trader’s own accounts at other prop firms or retail brokers), while copying from third-party accounts is strictly prohibited and results in a hard breach. Coordinated trading between different traders, the use of rented or mass-distributed EAs, public signal mirroring, or any form of collusion is forbidden,... | No. FundedFast states copy trading is not currently supported. | Copy trading is allowed only between accounts owned by the same person (BrightFunded accounts, other evaluation firms, or personal brokerage accounts). Copying between different individuals, signal-group trading, or account management services are prohibited and can lead to profit deductions, resets, or closure. |
| EA Allowed | FunderPro allows the use of Expert Advisors (EAs) and automated trading systems across supported platforms such as MT5, cTrader, and TradeLocker. However, traders are strictly required to own the strategy or source code behind any automation used. The use of third-party rented bots, closed “black box” systems, mass-distributed EAs, or automation sourced from public signal groups is prohibited, as FunderPro evaluates individual trading skill and decision-making rather than replicated strategies. | No. FundedFast states it does not support Expert Advisors (EAs) or automated trading systems. | Expert Advisors (EAs) are allowed, provided all activity remains compliant with BrightFunded’s daily/maximum loss rules and non-authorized-practices policies. |
| KYC & Restrictions | |||
| KYC Required | No | No | Yes |
| KYC Stage | FunderPro requires traders to complete the Know Your Customer (KYC) verification process after passing the Challenge and before signing the funded trader agreement or receiving any payouts. Traders may participate in the Challenge phase without completing KYC; however, verification is mandatory to transition into a funded account. FunderPro advises traders to ensure they can successfully pass the KYC process before purchasing a Challenge to avoid future issues. Once documents are submitted, the verification process typically takes 24–48 hours to complete. | KYC is required after passing and before the funded phase: ID (passport/driving license/national ID) and proof of residence (utility bill or bank statement dated within the last six months). Upload is done via the Trading Platform profile area; verification is typically within an hour, up to one business day in rare cases. | KYC is required to activate a Funded Star account after passing Phase 2, and BrightFunded uses SumSub for identity verification (typically government-issued ID plus proof of address). Activation also includes a security check by the risk team before the trader contract is issued. |
| Restricted Countries | Afghanistan Belarus Central African Republic Congo (Democratic Republic of) Cuba Haiti Iran Iraq Libya Mali Myanmar (Burma) North Korea Somalia Sudan South Sudan Syria The Russian Federation Venezuela Yemen Regions of Ukraine: Crimea Donetsk Kherson Luhansk and Zaporizhzhia | Afghanistan Albania Baker Island Bajo Nuevo Bank Barbados Belarus Burkina Faso Cabo Verde China Congo (Democratic Republic) Congo (Republic) Côte d’Ivoire Eritrea Ethiopia Guam Haiti Hong Kong Howland Island Iran Iraq Jamaica Jarvis Island Johnston Atoll Jordan Kingman Reef Kyrgyzstan Lebanon Liberia Libya Malta Midway Islands Minor Outlying Islands Mongolia Mozambique Myanmar (Burma) Nicaragua North Korea Northern Mariana Islands Pakistan Palestine Palmyra Atoll Panama Puerto Rico Russia Senegal Seychelles Sierra Leone Somalia South Sudan Sudan Syria Tajikistan Turkmenistan United States United States Virgin Islands Vietnam Yemen | Cuba Iran North Korea Syria Vietnam |