Reviewed by PropFirm201 Research Team·At a Glance
Funded Academy Homepage
Pricing & Challenge Types
2-Step Challenge
2 phases · 80% profit split · Scaling available · Free retry
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $50 | 10% | 5% | 5% | 10% |
| $10,000 | $99 | 10% | 5% | 5% | 10% |
| $25,000 | $199 | 10% | 5% | 5% | 10% |
| $50,000 | $299 | 10% | 5% | 5% | 10% |
| $100,000 | $499 | 10% | 5% | 5% | 10% |
| $200,000 | $999 | 10% | 5% | 5% | 10% |
1-Step Challenge
1 phase · 80% profit split · Scaling available · Free retry
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $50 | 10% | 5% | 10% |
| $10,000 | $99 | 10% | 5% | 10% |
| $25,000 | $199 | 10% | 5% | 10% |
| $50,000 | $299 | 10% | 5% | 10% |
| $100,000 | $499 | 10% | 5% | 10% |
| $200,000 | $999 | 10% | 5% | 10% |
Funded Academy Plans Page
Pros & Cons
Pros
- 80% profit split with scaling up to $2,000,000
- 1:200 leverage on all accounts
- Unlimited free retries if account ends in profit
- Real money funded accounts, not demo
- News trading, EAs, and copy trading all allowed
Cons
- Website currently under construction, unclear operational status
- Very few Trustpilot reviews with a 2.3/5 rating
- Newer firm with limited track record and fraud allegations
- Not regulated by any major financial authority
- Unclear whether the firm is still actively onboarding traders
Trading Rules
About Funded Academy
Funded Academy is an Australian-based proprietary trading firm that launched in December 2021 with a mission to combine trader education with funded account access. The firm positions itself as more than a typical prop firm by blending a structured curriculum covering Volume Profile, Order Flow, Smart Money concepts, and Trading Psychology with its evaluation programs.
Funded Academy originally offered traders the opportunity to manage up to $2,000,000 in capital through a scaling plan that doubles a trader's account balance with every 10% profit milestone. The firm historically operated on MT4 and MT5 platforms and later transitioned to cTrader and Match-Trader. The firm offered leverage up to 1:200 and a broad range of tradable instruments including forex, indices, commodities, metals, stocks, and crypto.
However, as of early 2026, Funded Academy's original website at funded.academy displays an "under construction" notice, and a separate domain at fundedacademy.com appears to have taken over operations with updated challenge structures. The firm has faced serious allegations regarding its legitimacy, including claims of fraudulent activities, purchased fake reviews, and difficulties contacting support. While no formal closure announcement has been made, the firm's operational status remains uncertain, and prospective traders should exercise extreme caution.
The firm reportedly offered both 1-step and 2-step evaluation challenges with account sizes ranging from $5,000 to $200,000. Trading rules were notably permissive, allowing news trading, weekend holding, expert advisors, copy trading, and scalping. The profit split stood at 80%, and the firm offered unlimited free retries for traders who ended their challenge in profit without violating rules.
How Funded Academy Works
Funded Academy operates a challenge-based evaluation model. Traders purchase a challenge account and must meet profit targets while staying within drawdown limits. The process works as follows:
- Choose a Challenge: Select either the 1-Step or 2-Step evaluation and pick an account size between $5,000 and $200,000.
- Phase 1 (Evaluation): Achieve a 10% profit target while respecting a 5% daily drawdown and 10% maximum drawdown. In the 2-Step program, Phase 1 must be completed within 30 days.
- Phase 2 (Verification): For the 2-Step challenge, achieve a 5% profit target within 60 days under the same drawdown rules.
- Get Funded: Upon passing, receive a funded account with an 80% profit split.
- Scale Up: Every 10% profit milestone doubles the account balance, up to a maximum of $2,000,000.
Pricing & Plans
Funded Academy offered account sizes ranging from $5,000 to $200,000. Exact current pricing is difficult to confirm due to the website being under construction, but historically the firm positioned itself as competitively priced with fees starting around $50 for a $5,000 account. The fee was described as refundable upon successful completion of the challenge.
| Account Size | Estimated Price |
|---|---|
| $5,000 | ~$50 |
| $10,000 | ~$99 |
| $25,000 | ~$199 |
| $50,000 | ~$299 |
| $100,000 | ~$499 |
| $200,000 | ~$999 |
Rules & Restrictions
- Daily Drawdown: 5% of account balance
- Maximum Drawdown: 10% of account balance
- Minimum Trading Days: No minimum reported
- Maximum Trading Days: 30 days (Phase 1), 60 days (Phase 2) for the 2-Step challenge; unlimited for 1-Step
- Leverage: Up to 1:200
- Lot Size: Unlimited (no restrictions)
- News Trading: Allowed
- Weekend Holding: Allowed
- Expert Advisors: Allowed
- Copy Trading: Allowed
- Scalping: Allowed
- Hedging: Allowed
Payouts
Funded Academy reportedly processes payouts via bank wire transfer and cryptocurrency. The profit split is 80% to the trader. Specific payout frequency and minimum payout thresholds have not been consistently documented. Reported average payouts were around $10,000.
Is Funded Academy Legit?
Funded Academy's legitimacy is highly questionable as of 2026. The firm has a poor Trustpilot rating of 2.3 out of 5 based on only 22 reviews, with polarized feedback. While some traders have praised the educational component and support structure, serious allegations have emerged including claims of fraudulent activities, purchased fake reviews, and abrupt closure of payment channels.
The firm is not regulated by any major financial authority, and its original website is currently under construction. The Australian-based company has been flagged by multiple review platforms with warnings about its legitimacy. Prospective traders should approach Funded Academy with extreme caution and consider more established alternatives.
FAQ
What is Funded Academy?
Funded Academy is an Australian-based proprietary trading firm founded in 2021 that combines trading education with funded account programs. However, its current operational status is uncertain, with the original website displaying an "under construction" notice.
How much does Funded Academy cost?
Funded Academy historically offered challenges starting around $50 for a $5,000 account, scaling up to approximately $999 for a $200,000 account. Fees were described as refundable upon passing the challenge.
What is Funded Academy's profit split?
Funded Academy offers an 80% profit split to the trader, with the firm retaining 20%.
Does Funded Academy allow EAs/bots?
Yes, Funded Academy historically permitted the use of Expert Advisors (EAs) and automated trading bots on their accounts.
Is Funded Academy available in the US?
US availability has not been explicitly confirmed or denied by Funded Academy. Given the firm's current uncertain status, traders should verify directly before attempting to sign up.