Frequently Asked Questions
Everything you need to know about Coinfunded
Getting Started
Coinfunded is a proprietary trading firm that provides traders with access to our capital through our evaluation challenges. We specialize in cryptocurrency trading and offer traders the opportunity to prove their skills and earn 90% of profits you make.
Challenge fees vary by account size and type. We offer different account sizes starting from $5,000 with fees ranging from $49 to several hundred dollars depending on the challenge package. Multiple payment options are available including credit cards and cryptocurrency.
We support multiple trading platforms including Platform 5 and Crypto.com
You can trade up to 700+ crypto currencies on crypto.com. On Platform 5, this is restricted to only 39 crypto currencies. These are: ADAUSD – Cardano vs US Dollar, AVEUSD – Aave vs US Dollar, BCHUSD – Bitcoin Cash vs US Dollar, BSVUSD – Bitcoin Cash SV vs US Dollar, BTCUSD – Bitcoin vs US Dollar, DOTUSD – Polkadot vs US Dollar, DSHUSD – Dash vs US Dollar, ETHUSD – Ethereum vs US Dollar, LNKUSD – Link vs US Dollar, LTCUSD – Litecoin vs US Dollar, THTUSD – Theta vs US Dollar, TRXUSD – Tron vs US Dollar, UNIUSD – Uniswap vs US Dollar, XEMUSD – Namecoin vs US Dollar, XLMUSD – Stellar vs US Dollar, XMRUSD – Monero vs US Dollar, XRPUSD – Ripple vs US Dollar, XTZUSD – Tezos vs US Dollar, DOGUSD – Doge Coin vs US Dollar, BNBUSD – Binance Coin vs US Dollar, SOLUSD – Solana vs US Dollar, AVXUSD – Avalanche vs US Dollar, MTCUSD – Polygon Matic vs US Dollar, SHBUSD – Shiba Inu vs US Dollar, ALGUSD – Algorand vs US Dollar, TRPUSD – Trump Coin vs US Dollar, CKEUSD – PancakeSwap vs US Dollar, SNDUSD – Sandbox vs US Dollar, ATOUSD – Cosmos vs US Dollar, CHZUSD – Chiliz vs US Dollar, CROUSD – Crypto.com vs US Dollar, ENJUSD – Enjin Coin vs US Dollar, FTMUSD – Fantom vs US Dollar, MELUSD – Melania vs US Dollar, MNAUSD – Decentraland vs US Dollar, ONEUSD – Harmony vs US Dollar, SNXUSD – Synthetix Network vs US Dollar, WAVUSD – Waves vs US Dollar, YFIUSD – Yearn.Finance vs US Dollar
Yes, on Platform 5 you can trade all major FX, Indices and Commodity asset classes.
Evaluation Challenges
The Challenge is the first step to becoming a funded trader with our firm. It's a simulated evaluation phase where you demonstrate your trading skills by meeting specific profit targets and following our risk management rules. Once you pass the challenge, you become a funded trader and can earn up to 90% profit split on real capital.
We offer a 1-Phase and 2-phase Challenge (depending on your chosen plan). In the two-phase model, you must pass both the Challenge and Verification stages before receiving a funded account. In the one-phase model, you can get funded after a single successful stage.
There are no time limits to challenges, take as long as you need to complete your challenge.
If you breach any major rule (such as daily or overall drawdown limits), your Challenge account will be automatically failed. However, you can purchase a new Challenge and try again.
Once your Challenge is passed, your funded account is typically issued within minutes
Yes, you can run multiple Challenges simultaneously as long as the total account balance doesn't exceed our maximum allocation limit (e.g., $400,000 per trader).
You'll move to the Verification stage (if two-phase) or receive your funded account (if one-phase). You'll then start earning a profit split on your funded trades.
Funded Stage
Within minutes of passing your challenges.
No. There's no minimum profit target in the funded stage. You can request a payout and haven't violated any rules.
Violating a major rule such as exceeding drawdown limits will result in the loss of your funded account. You can, however, start a new Challenge and qualify for funding.
No, as long as you follow all risk management rules and don't violate drawdown limits, your account remains active — even if you're in a small loss or break-even period.
Yes, you can manage multiple funded accounts simultaneously, provided your total combined capital doesn't exceed our maximum allocation limit (e.g., $400,000 per trader).
That's completely up to you. You can withdraw your profits at any time (based on your payout schedule) and choose whether to continue trading or close your account.
On all funded accounts, traders are required to limit the risk on any individual trade to no more than 2% of the account balance — including all positions linked to the same idea (such as partials, scaling in, or multiple entries on a single setup).
The 2% maximum is calculated based on the stop-loss distance and position size of the trade. The total loss if the stop-loss is hit — including spread or slippage — must not exceed 2% of the current account balance.
Example:
• Funded account balance: $50,000
• Max risk per trade (2%): $1000
Any open position must be sized such that, if the stop-loss is triggered, the total loss does not exceed $1000.
Is a stop-loss required?
Yes — every trade must have a stop-loss in place when it is opened.
Trades without a stop-loss, or those that exceed 2% risk after being reviewed, may result in warnings or account breaches.
Does this apply to multiple positions?
Yes. If you place multiple trades as part of the same setup or idea, their combined risk must stay under 2%.
For example:
• You open two positions risking $400 and $350 respectively. Combined risk = $750 ✅
• You open four positions risking $300 each. Combined risk = $1200 ❌ (exceeds 2%)
Profit Split & Withdrawals
When you trade a funded account, you receive a percentage of the profits you generate. Our 2-step profit split is 90% [e.g., 90% to the trader / 10% to the firm]. Our 1-step Algo profit split is 50% [e.g., 50% to the trader / 50% to the firm].
Funded traders earn up to 90% profit split on their trading profits. This means if you make $1,000 in profits, you keep $900 and we receive $100. However for 1-step algo traders, the profit split starts at 50% for first payout, 70% for second payout and finally 80% for third payout and thereafter.
You can request your first payout on demand for 2-step (if you qualify for the conditions.) Otherwise it is 30 days after placing your first trade on the funded account.. For 1-step algo it is 21 days for first payout, and then 14 days for second payout
You can request a payout directly from your Trader Dashboard. Simply click the 'Request Payout' button, confirm your profit balance, and select your preferred payment method.
We currently offer payouts via [bank transfer, crypto, Wise, Deel, PayPal, or USDT/USDC]. Payment methods vary depending on your country and plan. You'll be able to choose your preferred option when you request a withdrawal.
Once your payout is approved, funds are typically processed and sent within 3-24 hours on business days. Payouts requested on weekends will be processed on Monday. Processing times may vary slightly based on your payment method or bank.
No. After your payout, your account balance resets to the starting balance, and you continue trading with the same capital allocation. Your trading performance history remains intact.
We do not charge internal fees for withdrawals. However, third-party transaction fees (from banks, crypto networks, or payment providers) may apply.
Yes. You may choose to leave profits in your account to compound your growth or request only part of your payout. Any remaining balance stays in your account for continued trading.
You must close all trades before submitting a payout request. Withdrawals cannot be processed while you have active positions on your funded account.
We do not withhold taxes on payouts. Traders are considered independent contractors and are responsible for reporting and paying any taxes in their own country. We provide payout statements for your records.
If your payout is delayed, contact our support team through your dashboard. We'll verify the transaction and ensure you receive your funds as quickly as possible.
Payouts on Demand
We are offering payouts on demand for all our 2-step challenges. On-Demand Payouts let you withdraw profits whenever you choose—no need to wait for scheduled payout dates. On average, traders receive their withdrawals in about half the time compared to the previous payout system. This feature offers flexibility while promoting responsible risk management.
To qualify for payout on demand, traders must meet the following: The best trading day's net profit must not exceed 25% of total profit earned during the payout period. For instance, if you earn 5% of your total profit on day one, 7% on day two, and 8% on day three, you're eligible to withdraw in just 3 days. The total net profit must be at least 1.5% of the starting balance. Example: On a $10,000 account, you need just $150 in profit to qualify. This policy ensures that payouts are based on sustained trading performance, not single-day spikes. However trades may wish to opt for normal payouts period without this criteria. In which case it would be 30 days.
Another requirement is that traders must demonstrate profitability on at least three separate trading days within the payout cycle, with each qualifying day showing a minimum 0.5% gain in equity. Days do not need to be consecutive. Example: A $100,000 account must show an increase of at least $500 on three separate days. If only one or two days meet the 0.5% threshold, payout eligibility is not achieved.
If your trading doesn't meet the consistency requirement, you can still receive your payout on the standard 30-day schedule. The on-demand feature simply gives you an extra option for faster withdrawals if your trading performance is balanced.
You can request payouts as often as you like, provided you meet the qualification criteria each time. There are no limits to the number of on-demand withdrawals, giving you full flexibility over your profits.
Yes. Traders can choose between on-demand payouts and the standard 30-day payout cycle at any time. If you prefer simplicity and fewer withdrawals, you can stick to the normal payout schedule.
Yes. Once you have your funded account and meet the minimum profit and consistency criteria, you can request your first on-demand payout — no waiting period required.
2-Step Challenge
The 2-Step Challenge is our signature evaluation process designed to assess your trading skills and risk management before granting access to a funded account. You'll complete two phases — Phase 1 (Challenge) and Phase 2 (Verification) — each with specific targets and rules. Once both are passed, you'll receive a funded account and start earning profit splits.
While the exact numbers depend on your chosen account size, the typical objectives are: Phase 1 Profit Target: 8%, Phase 2 Profit Target: 5%, Maximum Daily Drawdown: 5%, Maximum Overall Drawdown: 8%. You must achieve the profit targets while staying within these risk limits.
All drawdowns are static.
Daily static means each day you calculate the max loss limit using 5% of the original account balance. This percentage is applied against yesterday’s account balance to determine how much you can lose for the day.
Given
Original account balance: $100,000
Daily static limit: 5%
So drawdown limit = $5,000 each day
Overall static uses 8% of the original account balance, but instead of checking daily, it checks your lowest balance relative to your highest (peak) balance.
This is a form of static drawdown, but the reference point is the peak balance.
For example.
Original balance: $100,000
Overall static limit: 8%
The limit amount: 8% of $100,000 = $8,000
Your minimum allowable balance = peak balance – $8,000
The daily drawdown counter resets every day at 00:05 UTC (5 minutes after midnight UTC). That means your account's loss limit refreshes at that time, giving you a new trading day with your full allowed drawdown buffer again.
Yes, for 2-step challenges, there is a minimum of 3 trading days for each phase.
The 2-Step Challenge has two phases (Challenge + Verification), offering a lower overall target per phase and a more flexible evaluation period, making it ideal for traders who prefer a gradual, professional approach. The 1-Step Challenge has a single stage with a higher target but faster path to funding.
1-Step Algo Challenge
The 1-Step Algo Challenge is a simplified, single-phase evaluation designed for algorithmic traders and EA users who want a faster path to funding. You only need to complete one challenge stage — once you meet the objectives and follow the rules, you'll receive your funded account right away.
It's built for traders who rely on Expert Advisors (EAs), automated strategies, or signal-based systems. Unlike traditional challenges, this account type is fully optimized for algorithmic trading — no manual trading requirement, no phase 2, and faster funding.
To pass phase 1:
• Profit Target: 10%
• Maximum Daily Drawdown: 5% (trailing)
• Maximum Overall Drawdown: 10%
You must reach the profit target while staying within all risk parameters.
Your account can never lose more than 4% of its highest equity in a single trading day.
Example:
• Starting balance: $100,000
• 4% daily drawdown = $4,000
If your equity reaches $105,000, your new maximum daily loss is 4% of $105,000 = $4,200. That means your equity cannot fall below $100,800 (105,000 – 4,200) within that trading day.
If your account then drops to $102,000, the drawdown does not move back down — it stays locked at the last equity peak ($105,000).
The daily drawdown resets every day at 00:05 UTC, starting a new 24-hour trading day.
Each day, your 4% limit is recalculated based on your account's starting equity at that time. So at 00:05 UTC, the system takes your account equity and sets your new 4% daily limit from there.
You can only use HFT during the evaluation phase. In the funded phase this is forbidden.
1-step algo is only available for Platform 5.
Yes, you can use any EA as long as it is your own. We do not allow publicly available EA's.
The first payout is 50%, second one 70% and third one and thereafter 80%.
The profit cap for a 1-step account during the live funded phase is set at 6% of your starting balance for each payout cycle.
The profit cap is a key component of our risk management strategy. It ensures the long-term stability and sustainability of our platform, allowing us to continue providing high-quality services and a fair trading environment for all our traders.
If you exceed the 6% profit cap during a payout cycle, any profits made above that limit will not be counted towards your account balance for that period. However, your account will remain active and in good standing. You can continue trading as long as you adhere to all other trading rules.
To qualify for a payout, traders must ensure that no single position exposes more than 2% of their account's initial equity at the time of entry. Risk is defined as the potential loss between the entry price and the stop loss, multiplied by the position size.
All trades must have a stop loss placed at entry. Any trade going over this, the account will be terminated.
Example:
• Account size: $100,000
• Maximum risk allowed per position: $2,000
If a position's calculated risk exceeds this amount, it will be considered a risk violation.
To qualify for a payout, traders must demonstrate profitability on at least three separate trading days within the payout cycle, with each qualifying day showing a minimum 0.5% gain in equity.
Days do not need to be consecutive.
Example:
A $100,000 account must show an increase of at least $500 on three separate days.
If only one or two days meet the 0.5% threshold, payout eligibility is not achieved.
To ensure payouts are based on sustainable performance rather than one-off gains, no single trade or trading day may account for more than 40% of the trader's total profit within the payout cycle.
This measure confirms that profits were achieved through multiple quality opportunities rather than a single high-risk or high-leverage position. It promotes balanced, repeatable trading behavior while allowing flexibility in style and strategy.
Example:
• Total profit for the payout period: $10,000
• Maximum profit allowed from any one trade/day: $4,000
If a single trade or day exceeds that amount, excess profits may be excluded from payout calculations.
To qualify for a payout, traders must maintain a minimum Profit Factor of 1.5 (total gross profit ÷ total gross loss) across all closed trades in the payout period.
This requirement verifies that gains have been achieved efficiently relative to losses — demonstrating the trader's ability to manage both profitability and risk.
Example:
• Gross profit: $15,000
• Gross loss: $10,000
• Profit Factor = 1.5 → Eligible for payout
If Profit Factor < 1.5, the trader may be ineligible for payout review.
Trading Rules
Opening opposite positions across different brokers to profit from temporary price discrepancies.
Exploiting delays in price feeds or execution speeds to gain an unfair advantage.
Trading in opposite directions across multiple accounts to manipulate results or profits.
Taking advantage of price differences on the same instrument across separate brokers.
Increasing trade size after each loss in an attempt to recover. Any increase in lot size on a subsequent position, on the same pair and in the same direction as the original trade is viewed as a martingale breach. Breaches on martingale rules will lead to account termination or account resets depending on the severity of the breach that fall under this ruling.
Placing multiple buy/sell orders at fixed intervals regardless of market direction. Having 2 open trades on a pair is not classified as grid, however having 3 or more trades open on one pair at any one time, running simultaneously will result in a breach of grid rulings. Breaching grid trading rules will lead to account termination or account resets depending on the severity of the breach that fall under this ruling.
Adding progressively larger positions as the market moves in your favor, creating outsized risk.
Example: Starting with 1 lot, then adding 2 lots, then 4 lots, etc.
Risking nearly all account equity on a single trade.
Example: Opening a position that uses 95–100% of available margin.
Opening equal buy and sell positions on the same or correlated instruments to mask drawdown or freeze equity.
Example: Buying 5 lots and selling 5 lots of XAU/USD simultaneously.
It is prohibited to set up a copy trader using an account that does not belong to you, whether owned by a friend, business partner, or any other individual. We will rigorously request verification and proof of account ownership to ensure strict compliance. Any hint or suspicion of account management will be promptly and decisively acted upon and may lead to immediate account termination.
Accounts will be deactivated on our server if there is no trading activity after 30 days. We encourage traders to make sure that a minimum of 0.01 lots is placed within this period to keep accounts enabled. If disabled, this will be viewed as a breach of account rules, and the account will no longer be available to the trader.
For funded accounts, yes.
We do allow the use of VPN and VPS. However, we do not permit the use of these services to circumvent the rules regarding copy trading, group trading, and signal trading.
Trading Conditions
Yes
Yes
Yes
For Platform 5, we offer raw spreads sourced from top liquidity providers — starting from 0.0 pips on major pairs. A standard $7 per lot round-turn commission applies on forex. Indices, commodities, and crypto have instrument-specific commissions visible in your trading platform.
For crypto.com trading fees as it follows; Taker Fee Rate (0.055%) Maker Fee Rate (0.02%)
We offer 1:33 for all account types on Platform 5. We offer 1:100 for all account types on crypto.com
KYC
KYC is a standard compliance requirement designed to verify your identity and protect our platform from fraud, money laundering, and unauthorized account access. It also ensures that funded payouts are sent to the right person.
KYC is only required when requesting a payout.
You'll need to submit two types of documents:
Proof of Identity (POI):
• Passport
• National ID card
• Driver's license
Proof of Address (POA):
• Utility bill (electricity, gas, water)
• Bank or credit card statement
• Government-issued letter
All documents must be clear, unaltered, and dated within the last 3 months.
Once submitted, KYC approval usually takes 24–48 hours. In some cases, manual review may be required, which could extend the process slightly.
If your documents don't meet the required standards (blurry, expired, mismatched info), we'll notify you and ask for resubmission. You'll be given a chance to correct and submit valid documents.
No. KYC ensures that only you can access, trade, and withdraw from your account. Third-party trading, payout routing, or shared KYC is strictly prohibited.
No — once your identity is verified, it's stored securely and linked to your user profile. You won't need to repeat KYC for additional challenges or funded accounts under the same profile.
Support & Education
We provide comprehensive support including educational resources, trading tools, 24/7 customer service, and a community of traders. Our support team can help with technical issues, account questions, and trading guidance.
While we don't provide formal trading education, we offer resources, market analysis, and community support. Many traders use our platform as motivation to develop their own trading strategies and skills.
No, prop trading is not a get-rich-quick scheme. It requires genuine trading skill, discipline, and consistent application of sound trading strategies. While some traders succeed, it takes time, effort, and proper risk management.
Still have questions?
Can't find the answer you're looking for? Our support team is here to help.