FundedPrime

FundedPrime is an Australian proprietary trading firm launched publicly in 2024 under the PropTradeTech umbrella, which also operates Profitex and Focus Funded. Powered by Eightcap, a regulated Australian broker, FundedPrime gives traders access to funded accounts up to $800,000 across four distinct challenge types: 1-Phase, 2-Phase, Stock, and a unique Meme Coin challenge — making it the only prop firm to offer a dedicated meme coin evaluation program.

The challenge structure is notably flexible. The 1-Phase program requires a single 10% profit target, while the 2-Phase uses a two-step approach (10%, then 5%). The Stock challenge focuses on equity trading with an 8% target, and the Meme Coin challenge targets crypto volatility traders seeking exposure to high-momentum digital assets. Entry fees are competitive across all tiers, starting as low as $35 for a $5,000 Stock challenge, with maximum allocations reaching $800,000. There are no strict time limits on evaluations, reducing pressure on traders.

Traders execute evaluations on DXTrade (web-based) and TradeLocker (web and mobile), both offering real-time syncing and modern interfaces. FundedPrime supports 800+ instruments including forex pairs, commodities, global indices, US and international stocks, and cryptocurrencies. Standard drawdown rules apply — 5% daily and 10% total — while the Meme Coin challenge uses a trailing 5% drawdown with no daily limit. Weekend trading is permitted, and 1:50 leverage is available on standard challenges.

Profit splits start at 80% and can be upgraded to 90% for an additional fee. Payouts are processed within 48 business hours — weekly for 2-Phase accounts and every 14 days for other types — via bank transfer or cryptocurrency. A reported $50 bank transfer fee and non-refundable challenge fees are notable drawbacks. With a 4.1/5 rating on Trustpilot from early adopters, FundedPrime shows promise as a newer entrant, though its relatively short operating history and limited transparency around its parent company structure warrant careful consideration.