Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
Standard Challenge (2-Step)
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $51 | 8% | 5% | 5% | 12% |
| $10,000 | $89 | 8% | 5% | 5% | 12% |
| $25,000 | $199 | 8% | 5% | 5% | 12% |
| $50,000 | $349 | 8% | 5% | 5% | 12% |
| $100,000 | $549 | 8% | 5% | 5% | 12% |
| $200,000 | $849 | 8% | 5% | 5% | 12% |
| $300,000 | $1080 | 8% | 5% | 5% | 12% |
Rapid Challenge (1-Step)
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $91 | 10% | 3% | 6% |
| $10,000 | $149 | 10% | 3% | 6% |
| $25,000 | $299 | 10% | 3% | 6% |
| $50,000 | $449 | 10% | 3% | 6% |
| $100,000 | $699 | 10% | 3% | 6% |
| $200,000 | $960 | 10% | 3% | 6% |
Pro Challenge (2-Step)
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $72 | 8% | 5% | 5% | 10% |
| $10,000 | $119 | 8% | 5% | 5% | 10% |
| $25,000 | $219 | 8% | 5% | 5% | 10% |
| $50,000 | $329 | 8% | 5% | 5% | 10% |
| $100,000 | $430 | 8% | 5% | 5% | 10% |
Pros & Cons
Pros
- First evaluation prop trading firm registered in Germany (Funded Peaks GmbH)
- Multiple challenge types with different risk profiles
- No time limits on evaluation phases
- Supports MT5, cTrader, and DXtrade platforms
Cons
- Mixed Trustpilot reviews with reports of accounts closed near payout
- Rise platform is the only payout method
- Founder reportedly departed the company
- Reports of fake positive reviews on review platforms
Trading Rules
About Funded Peaks
Funded Peaks is a proprietary trading firm registered as Funded Peaks GmbH in Germany, established in February 2024. The firm positions itself as the first evaluation prop trading firm registered in Germany and aims to nurture aspiring traders into proficient professionals in a tier-1 trading environment.
The firm offers three challenge types: Standard, Rapid, and Pro, with account sizes from $5,000 to $300,000 and scaling potential up to $1.5 million. Funded Peaks supports MT5, cTrader, and DXtrade platforms with leverage ranging from 1:50 (forex) to 1:2 (crypto).
However, the firm has faced mixed reception. While some traders praise the German registration and challenge structure, others have raised concerns about accounts being closed near payout periods, payout delays, and reports that the founder departed the company.
How It Works
Funded Peaks offers three evaluation paths:
Standard Challenge (2-Step): Phase 1 requires an 8% profit target and Phase 2 requires 5%. Static drawdown of 12% maximum with 5% daily loss limit. Minimum 4 trading days with no time limit.
Rapid Challenge (1-Step): Single phase with a 10% profit target. Trailing drawdown of 6% with 3% daily loss limit. No minimum trading days and no time limit.
Pro Challenge (2-Step): Similar to Standard with 8% and 5% targets but with a tighter 10% equity-based maximum drawdown and 5% daily loss limit.
Upon passing, traders receive funded accounts with an 80% profit split, upgradeable to 90% through the scaling plan.
Pricing & Plans
| Account Size | Standard | Rapid | Pro |
|---|---|---|---|
| $5,000 | $51 | $91 | $72 |
| $10,000 | $89 | $149 | $119 |
| $25,000 | $199 | $299 | $219 |
| $50,000 | $349 | $449 | $329 |
| $100,000 | $549 | $699 | $430 |
| $200,000 | $849 | $960 | N/A |
| $300,000 | $1,080 | N/A | N/A |
Leverage: Forex 1:50, Indices/Gold/Silver 1:30, Oil/Gas 1:20, Crypto 1:2. Commission: $2/lot for forex and commodities only.
Rules & Restrictions
- Maximum Daily Loss: 3-5% depending on challenge type.
- Maximum Overall Loss: 6-12% depending on challenge type.
- Minimum Trading Days: 0-4 depending on challenge type.
- News Trading: Allowed.
- Hedging: Prohibited.
- Arbitrage: Prohibited.
- High-Frequency Trading: Prohibited.
- Copy Trading Signals: Prohibited.
- Expert Advisors: Allowed.
- Restricted Countries: Iran, Syria, North Korea, Russia.
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: 80% initially, rising to 90% through the scaling plan.
- Methods: Rise platform only.
- Scaling: 25% account increase every 3 months with 10% cumulative profit and 2 profitable months.
Is Funded Peaks Legit?
Funded Peaks is a registered German company (GmbH), which provides a level of corporate accountability. However, the firm has a mixed reputation. Concerns include:
- Reports of accounts being closed near payout periods
- Allegations that positive Trustpilot reviews are fabricated
- The founder reportedly departed the company
- Limited payout options (Rise platform only)
The German registration is a positive indicator, but traders should exercise due diligence and start with smaller accounts to verify the firm's reliability.
FAQ
What is Funded Peaks?
Funded Peaks is a German-registered (GmbH) proprietary trading firm established in February 2024. It offers funded accounts up to $300,000 through Standard, Rapid, and Pro challenges.
How much does Funded Peaks cost?
Challenge fees range from $51 for a $5,000 Standard account to $1,080 for a $300,000 Standard account.
What is Funded Peaks' profit split?
The standard profit split is 80%, which can increase to 90% through the scaling plan.
What platforms does Funded Peaks support?
Funded Peaks supports MetaTrader 5, cTrader, and DXtrade.
Is Funded Peaks available in the US?
US availability is not explicitly confirmed. The firm restricts traders from Iran, Syria, North Korea, and Russia.