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July 1, 2025
Dive deep into unbiased reviews of top forex prop firms — including funding rules, payout speed, trader support, and real performance.
FundedBull is a proprietary trading firm that positions itself as an accessible, trader-friendly firm offering challenge programs with very low entry fees (for example around $49 for a $5,000 account) and a profit split up to 90%.
The firm promotes multiple evaluation types (1-Step, 2-Step, 3-Step), a range of account sizes up to $250,000, and “unlimited time” for many challenge phases. These features make it very attractive, especially to newer traders or those on a budget.
However, while the terms look excellent on paper, FundedBull is still very young and several third-party reviews raise caution flags about regulation, transparency, and rule rigidity.
Thus, while it may offer good value, it is not yet fully proven as a long-term stable platform.
FundedBull operates under the legal name indicated as RateRight Pte. Ltd. (Singapore registration 049422) according to public sources. The firm lists its founding date as July 4, 2024.
They support multiple trading platforms (MatchTrader, cTrader, DXTrade) and advertise global availability.
Key details:
Founded: 2024
Legal Name: RateRight Pte. Ltd. (Singapore)
Programs: 1-Step, 2-Step, 3-Step challenges
Account Sizes: From ~$5,000 up to ~$250,000 and possibly beyond depending on growth
Profit Split Advertised: Up to 90%
Time Limit: Many challenge models have “unlimited time”
While these are positive features, some issues remain:
The firm is unregulated in major jurisdictions (or at least no public regulation certificate found)
Because the firm is so new, fewer long-term trader payout histories exist
Some user reviews report issues with support or account verification
FundedBull offers three main challenge types with varying difficulty and cost.
Profit Target: ~9%
Max Drawdown: ~6%
Max Daily Loss: ~3%
Time Limit: Unlimited
Leverage: 50:1
Profit Split: 90%
Account Sizes & Fees (Examples):
$1,000 challenge ≈ $39 fee
$5,000 challenge ≈ $48 fee
$10,000 challenge ≈ $88 fee
$250,000 challenge ≈ $1,240 fee
Phase-1 Target: ~8%
Phase-2 Target: ~5%
Total Drawdown: ~8%
Daily Loss Limit: ~4%
Time Limit: Unlimited
Profit Split: 90%
Three phases each ~6% target
Overall Drawdown ~7%
Daily Loss Limit ~4%
Profit Split: 90%
Other Key Terms:
Minimum trading days: Typically 5 days (varies by model)
Instruments: Forex, Indices, Commodities, Crypto (depending on account)
Platforms: cTrader, MatchTrader, DXTrade
Payout Frequency: Advertised weekly or every 7 days after funding
Platform choice: Multiple (cTrader, DXTrade, MatchTrader) giving flexibility
Leverage: Up to 50:1 (in some models) — modest compared to 1:100 at some competitors
Spread/Commissions: Low spread claims (example: “from 0 pips” in some sources)
Strategy allowances: Scalping allowed, EAs/algos allowed in many cases; news trading allowed with short pre-news restrictions
Restrictions: No copy trading; multiple account link restrictions; hidden “consistency” rules in some accounts
While trading conditions are good for many traders, caution: rule enforcement may be strict and less flexible than some bigger firms.
What they claim:
Profit Split: Up to 90%
First payout: After funding stage completed
Recurring payouts: Every 7 days (in some models)
No inactivity or hidden fees in many cases
What trader reviews show:
Some traders report smooth payouts and positive experiences — good sign for a new firm
However, other reviews highlight lack of regulation, account verification delays, and unclear support response
Third-party review site gave the firm an overall trust score of just 4.11/10 citing “higher-than-average risk” for traders.
In short: early payout experiences are promising, but long-term consistency and large profit withdrawals remain less proven.
Very low cost to get started (good for beginners)
Strong profit split (90%) — rare among low-fee prop firms
Flexible models including unlimited time challenges
Multiple platforms, good instrument coverage
Very new firm with minimal historical data
Differences between advertised terms and some user experiences on verification, support, and rule clarity
Unregulated status or minimal regulation information available
Some user complaints about account dashboard issues or slow responses
✅ Pros:
Low entry fees — accessible to budget traders
High profit split (90%) — excellent in industry context
Time-unlimited challenge models — low pressure
Multiple platform options — flexibility
Good instrument coverage (Forex, Indices, Crypto, Commodities)
⚠️ Cons:
Company transparency and regulation not strong
New firm — less proven track record
Some rule enforcement and support delays reported by users
Leverage (50:1) may be lower than competitors offering 1:100
Scaling plan either limited or not clearly advertised
FundedBull is an attractive option for traders who are cost-conscious, want high profit splits, and prefer a low-pressure evaluation (no time limit) to reach a funded account. Particularly for beginners or those testing the funded model, the low fee is a major plus.
That said, because it is very new and lacks extensive verified payout data or regulatory transparency, I recommend treating it as a medium-risk prop firm: start small, verify that you can pass and get funded smoothly, track your withdrawal experience, and only then scale.
⭐ Recommended — for beginners and budget-focused traders willing to accept some risk.
⚠️ For high-capital scaling or traders prioritizing long-term reliability, consider pairing FundedBull with a more established prop firm until its track record strengthens.
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