FundedPrime Rules Explained: Drawdown, Profit Targets & Time Limits (2026)

FundedPrime Rules Overview

FundedPrime is a prop trading firm founded in 2023 by PropTradeTech, headquartered in Melbourne, Australia. It operates as an evaluation-based prop firm, meaning traders must pass one or more challenges before accessing funded accounts. The firm distinguishes itself by offering multiple challenge types—including a dedicated Meme Coin challenge—and maintaining relatively low entry fees starting at $35 per month. FundedPrime is powered by Eightcap, a regulated Australian broker, providing access to 800+ tradeable instruments across forex, stocks, commodities, indices, and cryptocurrencies.

The evaluation model uses either a single-phase (one set of profit targets to reach) or two-phase (two successive profit targets) structure, depending on the challenge chosen. Traders work toward profit targets while adhering to strict drawdown limits and trading restrictions. Once a trader passes the evaluation and reaches profitability, they unlock a funded account with an 80% profit split, meaning they keep 80% of profits earned on the funded account.

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Account Types and Pricing

FundedPrime offers four distinct challenge types, each with a different monthly cost and account starting balance. All challenges are non-refundable once purchased:

Challenge Type	Monthly Cost	Starting Account Balance	Best For
Stock Challenge	$35/month	$5,000	Equity and stock traders on a budget
1-Phase Challenge	$55/month	Varies (typically $5,000+)	Traders with proven strategies seeking quick funding
2-Phase Challenge	$45/month	Varies (typically $5,000+)	Newer traders wanting graduated profit targets
Meme Coin Challenge	$67/month	Varies (crypto account)	Cryptocurrency and meme coin traders

No free tier is available. All accounts require a paid subscription. The Stock Challenge at $35/month is FundedPrime's entry point and represents one of the lowest starting costs among prop firms. Challenge fees are non-refundable, even if a trader does not pass the evaluation phase.

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Profit Targets

While specific profit target percentages are not detailed in FundedPrime's publicly available information, the firm uses a tiered evaluation system where traders must achieve designated profit goals to advance (in 2-phase challenges) or complete evaluation (in 1-phase challenges).

• 1-Phase Challenge: Traders complete a single profit target in one phase. Upon reaching this target, they advance to a funded account.
• 2-Phase Challenge: Traders face two successive profit targets. Phase 1 and Phase 2 each have separate profit goals. Traders must pass Phase 1 before attempting Phase 2.
• Stock Challenge: Specific profit targets tailored to equity trading; typically more lenient than forex or crypto challenges.
• Meme Coin Challenge: Profit targets designed for high-volatility cryptocurrency trading.

Profit targets are calculated as a percentage of the starting account balance. For example, a trader might need to achieve a 10% profit on a $5,000 account to pass Phase 1 (meaning reaching $5,500). The exact percentages vary by challenge type and are set by FundedPrime.

Note: There are no time limits imposed on evaluations, allowing traders to take as long as needed to reach profit targets without pressure to trade quickly or excessively.

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Drawdown Rules

Drawdown limits are a critical control mechanism in prop trading. FundedPrime enforces both daily and maximum drawdown restrictions to protect capital and manage risk.

• Daily Drawdown Limit: Specific daily drawdown percentages vary by challenge type but typically range from 5-10% of the account balance. Once a trader hits this daily limit, all trading stops for that trading day (24-hour period).
• Maximum Drawdown (Trailing): The maximum cumulative drawdown—measured as the largest peak-to-trough decline during the evaluation period. This is typically set between 10-15% depending on challenge type. A trailing drawdown means it resets as the account reaches new equity highs.

How It's Calculated: Drawdown is calculated from the highest account balance achieved during the trading period. If a trader's account peaks at $5,500 and drops to $5,225, they've experienced a $275 drawdown, or 5% from peak ($275 ÷ $5,500 = 5%).

Reset Conditions: Daily drawdown limits reset at the start of each new trading day. The maximum trailing drawdown follows the equity curve—if a new equity high is reached, the drawdown calculation resets from that new peak.

Breach Consequences: Exceeding either the daily or maximum drawdown limit results in immediate account termination and forfeiture of the challenge fee. Traders cannot recover the monthly subscription cost or continue trading on that account.

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Trading Restrictions

FundedPrime enforces multiple trading restrictions to prevent excessive risk-taking and ensure consistent, disciplined trading:

• News Trading Restrictions: Major economic news events are off-limits for most challenge types. Trading is restricted within 10 minutes of major news announcements (e.g., FOMC decisions, non-farm payroll releases, central bank statements). Traders must wait 10 minutes after an event before opening or adjusting positions in affected currency pairs or instruments.
• Lot Size Limits: Position sizing is capped relative to account balance. Specific limits vary but are designed to prevent single-trade account blowups. Traders cannot risk more than a specified percentage per trade.
• Expert Advisors (EAs) and Automation: Specific policies on automated trading depend on FundedPrime's current rules; traders should verify whether EAs, bots, and algorithmic trading are permitted or prohibited.
• Copy Trading: Copying another trader's positions or using copy-trading services is typically prohibited. Traders must place trades on their own account.
• Weekend Holding: Policies on holding positions over the weekend vary. Many prop firms restrict or ban weekend open positions to avoid gaps and slippage from market closures. Traders should confirm FundedPrime's specific weekend holding rules before trading.
• Hedging: Hedging strategies (e.g., opening opposing long and short positions on the same instrument) may be restricted or prohibited, depending on FundedPrime's current policy.
• Instrument Restrictions: Not all 800+ instruments available on Eightcap may be eligible for prop trading challenges. Certain illiquid or highly volatile assets may be off-limits. Traders should review the list of approved instruments before starting a challenge.

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Profit Split and Payouts

Profit Split Percentage: FundedPrime offers an 80% profit split, meaning funded traders retain 80% of all profits generated on their funded account. The firm retains 20% as a commission or management fee.

Example: If a trader generates $1,000 in profits on a funded account in a month, they keep $800. FundedPrime keeps $200.

• Withdrawal Frequency: Withdrawals are typically available on a monthly basis, though traders should confirm current withdrawal schedules with FundedPrime's support.
• Minimum Withdrawal Amount: Not explicitly stated in public documentation; traders should contact FundedPrime directly for minimum thresholds.
• Processing Time: Withdrawal processing times are not specified; however, a reported $50 bank transfer fee applies to payouts via bank transfer. Digital payment methods (e.g., crypto, e-wallets) may have lower or no fees.
• Losses: If a trader incurs losses on a funded account, the loss is subtracted from the trader's profit share. A losing month results in no payout and no carry-forward of losses to offset future profits (though this policy should be confirmed with FundedPrime).

Red Flag: The $50 bank transfer payout fee is substantial and can significantly reduce withdrawal amounts, especially for traders earning smaller monthly profits. Traders should factor this fee into their profit targets and withdrawal strategy.

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Scaling Plan

FundedPrime's account scaling structure is not extensively detailed in public documentation. However, typical prop firm scaling models work as follows:

• Initial Funded Account: Upon passing the evaluation challenge, a trader receives a funded account at a specific balance (e.g., $5,000 or higher).
• Profit-Based Scaling: As a trader generates consistent profits, account size may increase. Common scaling criteria include: achieving a specified profit target (e.g., 10% profit), maintaining a minimum account balance for a period of time, or demonstrating consistent monthly profitability.
• Scaling Requirements: Traders typically must maintain or exceed certain performance metrics (e.g., Sharpe ratio, profit factor) to qualify for account scaling.
• Timeline: Scaling usually occurs quarterly or based on performance reviews. Traders should contact FundedPrime directly for specific scaling timelines and requirements.

Note: FundedPrime's specific scaling plan is not publicly detailed. Traders should request this information from the firm before committing to a challenge.

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FundedPrime Rules vs Competitors

How does FundedPrime stack up against other top prop trading firms? Here's a comparative breakdown:

Rule	FundedPrime	Top Competitor A	Top Competitor B
Starting Price	$35/mo (Stock)	$99/mo or higher	$89/mo or higher
Profit Split	80%	70–80%	50–80%
Maximum Drawdown	10–15% (typical)	10%	5–12%
Time Limit on Evaluation	None	60–90 days	30–60 days
News Trading Restriction	Within 10 minutes of events	Within 5–15 minutes	Varies or prohibited entirely
Crypto/Meme Coins	Dedicated Meme Coin Challenge	Crypto not offered or limited	Crypto permitted on some accounts
Payout Fee	$50 (bank transfer)	$0–25	$0–15

Key Takeaways:

• Most Affordable Entry: FundedPrime's $35/mo Stock Challenge is one of the cheapest prop firm challenges available, making it ideal for budget-conscious traders.
• Unique Meme Coin Offering: FundedPrime is among the few prop firms offering a dedicated meme coin trading challenge, appealing to crypto-focused traders.
• No Evaluation Time Pressure: The absence of time limits is a major advantage over competitors that impose 30–90-day deadlines.
• Competitive Profit Split: The 80% split is in line with top competitors and better than some firms offering 50–70%.
• Higher Payout Fees: The $50 bank transfer fee is notably higher than competitors, potentially costing traders significantly over time.

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Red Flags and Fine Print

Before committing to FundedPrime, traders should be aware of the following potential concerns:

• Non-Refundable Challenge Fees: All monthly subscription costs are non-refundable. If a trader fails the evaluation, the fee is forfeited. There is no pro-rata refund for partial months or early account termination.
• $50 Payout Fee: The $50 bank transfer fee can represent 5–10% of monthly profits for smaller accounts. Traders with modest trading accounts should consider alternative withdrawal methods (e.g., cryptocurrency or e-wallets) to minimize costs.
• Limited Transparency from PropTradeTech: The parent company, PropTradeTech, has limited public presence and transparency. Traders should research the company's regulatory status and track record before investing challenge fees.
• News Trading Restrictions: The 10-minute restriction after major news events eliminates some high-volatility trading opportunities. This is less restrictive than some competitors but still limits strategy flexibility.
• Regulatory Framework: FundedPrime operates via Eightcap, an Australian broker. Traders should verify that Eightcap and FundedPrime's parent company comply with relevant financial regulations in their jurisdiction. Australian Financial Services Licence (AFSL) status should be confirmed.
• Account Termination for Rule Breaches: Violating drawdown or trading restrictions results in immediate account termination with no recovery of fees or remaining capital. Traders must understand and adhere to all rules strictly.
• Profit Split Applies Only to Funded Accounts: The 80% split applies only after passing evaluation and receiving a funded account. During the evaluation phase, traders are trading with challenge capital (not funded capital) and earn no profit share.
• Specific Profit Target Percentages Not Disclosed: Exact profit targets for each challenge type are not publicly listed. Traders should request this information directly to understand the difficulty level of each challenge.

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For More Information: Review FundedPrime's full review on TradingToolsHub or compare FundedPrime with other top-rated prop firms. Always read the official terms and conditions before funding an account.