FinxProp beoordeling

Accepted/Restricted Countries

FinxProp markets its challenges to traders worldwide, but like most prop firms it maintains that users must reside in an “eligible country” and be over 18 years old. In practice, FinxProp appears to accept traders from most regions, including the US, UK, EU, Asia, and more, as long as participating in a prop trading program is legal in that jurisdiction. The firm’s website explicitly notes that its services are not intended for use in jurisdictions where local laws would prohibit such a trading arrangement. This means, if you live in a country that has banned forex prop firms or has sanctions/restrictions (for example, residents of OFAC-sanctioned countries like North Korea, Iran, etc.), you would likely be restricted from joining FinxProp. They advise all traders to ensure prop trading challenges are permitted in their country before signing up.

Notably, FinxProp’s onboarding includes a KYC process after you pass the challenge. During this KYC process, you’ll need to provide identification and proof of residency. If your country is on a restricted list, you would fail this verification. FinxProp hasn’t published a specific public list of banned countries, but as a rule of thumb, countries under international sanctions or those with strict financial regulations against this type of activity are not serviced. For traders from major markets (USA, Canada, Europe, Australia, Asia), FinxProp is available and has funded traders in those regions. Just remember that you are responsible for complying with any trading/income regulations in your home country.  

Comparison of All Challenges

FinxProp offers two main funding challenge types: the Classic Challenge (a two-phase evaluation, often just called the evaluation challenge) and the Quick Challenge (a one-phase “express” evaluation). The firm does not currently offer an instant funding program, so these two challenge formats are the only paths to become a funded trader.

The table below compares the key features of FinxProp’s Classic vs. Quick challenges:

Who Should Take These Challenges?

Each FinxProp challenge format caters to different trader preferences and experience levels.

Classic Challenge with Two-Phase Evaluation

This is ideal for swing traders and steady performers who prefer a bit more breathing room in drawdown. If you manage risk conservatively and don’t mind a two-step process, the Classic gives you a 10% total drawdown buffer (fixed) which can be better suited for longer-term trades or strategies that experience some interim drawdown. It’s also a good choice for traders on a budget or newer traders since the entry fees are lower and account sizes start as small as $3,000 (for just $29) up to larger $400K accounts. The Classic challenge lets you prove consistency over two phases, which can be helpful if your style has ups and downs. Traders who hold trades for days may prefer this route, as there are no minimum days and you can take your time across phases. Overall, the Classic is suited for those who want a lower cost and a structured evaluation where you can demonstrate disciplined trading over multiple stages.

Quick Challenge with One-Phase Evaluation

The Quick challenge is designed for more aggressive or experienced traders who are confident they can hit the +10% profit target without a “retry.” It fits scalpers and day traders who trade actively and can generate double-digit returns quickly and traders who simply dislike the idea of doing two separate phases. By clearing the profit target in one phase, you can get funded faster as there is no second verification trading stage.

However, the risk management has to be on point as the 6% trailing max loss means this is best for traders with strategies that have small drawdowns and consistent gains. Rapid-fire intraday traders or those with high win rates might find this attractive. It’s also appealing if you value speed and are willing to pay a higher fee for it like traders who want to start with a large account ASAP might opt for a $100K Quick challenge at $659 and potentially be trading a funded account in a couple of weeks. In short, the Quick challenge is great for confident and seasoned traders who want to fast-track to funding and are comfortable with tighter loss limits in exchange for skipping the second phase.

Regardless of which challenge you choose, FinxProp imposes no specific strategy rules, so scalpers, swing traders, and algorithmic traders are all welcome to sign-up and take part in trading challenges.

Conclusion

FinxProp has quickly emerged as a competitive prop trading firm by combining features that traders find very attractive like no time limits on challenges, fast payout cycles, high profit splits, and a clear path to scale up to $2M. This firm’s unique selling point in our review is the balance of flexibility and fairness it offers. The lower barrier to entry with the potential to earn back your initial costs upon successfully clearing the challenges can be great for seasoned traders.