Reviewed by PropFirm201 Research Team·At a Glance
Sway Funded Homepage
Pricing & Challenge Types
Rapid Challenge
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $1,000 | $15 | 15% | 5% | 10% |
| $5,000 | $59 | 15% | 5% | 10% |
| $10,000 | $99 | 15% | 5% | 10% |
| $25,000 | $199 | 15% | 5% | 10% |
| $50,000 | $349 | 15% | 5% | 10% |
| $100,000 | $599 | 15% | 5% | 10% |
| $200,000 | $1124 | 15% | 5% | 10% |
Regular Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $1,000 | $10 | 10% | 8% | 5% | 10% |
| $5,000 | $49 | 10% | 8% | 5% | 10% |
| $10,000 | $89 | 10% | 8% | 5% | 10% |
| $25,000 | $169 | 10% | 8% | 5% | 10% |
| $50,000 | $299 | 10% | 8% | 5% | 10% |
| $100,000 | $529 | 10% | 8% | 5% | 10% |
| $200,000 | $989 | 10% | 8% | 5% | 10% |
No Consistency Challenge
3 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $1,000 | $12 | 10% | 8% | 5% | 10% |
| $5,000 | $55 | 10% | 8% | 5% | 10% |
| $10,000 | $95 | 10% | 8% | 5% | 10% |
| $25,000 | $185 | 10% | 8% | 5% | 10% |
| $50,000 | $329 | 10% | 8% | 5% | 10% |
| $100,000 | $569 | 10% | 8% | 5% | 10% |
| $200,000 | $1187 | 10% | 8% | 5% | 10% |
Sway Funded Plans Page
Pros & Cons
Pros
- Very affordable entry starting at just $10 for a $1,000 account
- Over 300 instruments to trade with spreads from 0.0 pips
- No consistency rule on dedicated challenge type
- Profit split scales up to 100% for consistent performers
Cons
- Very low Trustpilot rating of 1.8/5 indicating widespread dissatisfaction
- 30-day payout frequency is slower than industry standard
- Crypto-only payout methods limit withdrawal options
- Parent company Sway Markets suspended operations raising concerns
Trading Rules
About Sway Funded
Sway Funded is a proprietary trading firm incorporated in Saint Lucia (registration number 2024-00342) and launched in February 2024. The firm operates globally across 150+ countries and acquired MyFlashFunding to expand its user base. Sway Funded is connected to Sway Markets, its parent broker, though Sway Markets has suspended its brokerage operations while Sway Funded continues to operate independently.
The firm offers accounts ranging from $1,000 to $200,000 with profit splits starting at 80% and scaling up to 100%. With some of the lowest entry fees in the industry (starting at $10), Sway Funded targets budget-conscious traders. However, the firm carries significant risk indicators including a very low Trustpilot rating and concerns about the consistency rule implementation.
How It Works
Sway Funded offers three challenge types:
Rapid Challenge (1-Step): Achieve a 15% profit target in a single phase. Minimum 4 trading days required with no time limit. Trailing drawdown of 10%.
Regular Challenge (2-Step): Phase 1 requires a 10% profit target and Phase 2 requires 8%. Both phases require minimum 4 trading days with no time limit.
No Consistency Challenge (3-Step): Similar targets to the Regular challenge but spread across three phases with no consistency rule applied, giving traders more freedom in their profit distribution.
Upon passing, traders receive funded accounts with 80% profit splits that can increase to 100% based on performance.
Pricing & Plans
| Account Size | Rapid | Regular | No Consistency |
|---|---|---|---|
| $1,000 | $15 | $10 | $12 |
| $5,000 | $59 | $49 | $55 |
| $10,000 | $99 | $89 | $95 |
| $25,000 | $199 | $169 | $185 |
| $50,000 | $349 | $299 | $329 |
| $100,000 | $599 | $529 | $569 |
| $200,000 | $1,124 | $989 | $1,187 |
Leverage: 1:100 for forex, 1:10 for stocks. Commission: $7/lot standard, 0.04% for crypto perpetuals.
Rules & Restrictions
- Maximum Daily Loss: 5% (or 10% on aggressive variants).
- Maximum Overall Loss: 10% (or 20% on aggressive variants).
- Drawdown Type: Trailing.
- Minimum Trading Days: 4 days per phase.
- News Trading: Allowed except within 5 minutes before/after restricted events.
- Weekend Trading: Allowed.
- Copy Trading: Permitted.
- Prohibited: Toxic volume, high-frequency trading, arbitrage, latency exploitation.
Payouts
- Frequency: Monthly (30-day cycle).
- Profit Split: 80% initially, scaling to 100%.
- Methods: Bitcoin, Ethereum, Tether, Tron (crypto only).
- Processing Time: Within 24 hours of request.
Is Sway Funded Legit?
Sway Funded is a registered company in Saint Lucia but carries significant risk indicators. The firm's Trustpilot rating is extremely low at 1.8/5, with many traders reporting dissatisfaction. The parent company Sway Markets has suspended brokerage operations, though Sway Funded claims to operate independently.
Additionally, the firm's consistency rule has been criticized by traders who report unexpected profit target increases after large winning days. While the firm has made payouts to some traders, the overall risk profile suggests caution. Prospective traders should start with smaller accounts to test the firm's reliability before committing significant funds.
FAQ
What is Sway Funded?
Sway Funded is a prop trading firm registered in Saint Lucia, launched in February 2024. It offers funded accounts from $1,000 to $200,000 through three challenge types: Rapid, Regular, and No Consistency.
How much does Sway Funded cost?
Entry fees start at just $10 for a $1,000 Regular challenge account, making it one of the most affordable prop firms available. The most expensive option is $1,187 for a $200,000 No Consistency account.
What happened to Sway Markets?
Sway Markets, the parent broker, suspended its brokerage operations. However, Sway Funded continues to operate independently according to official statements.
Does Sway Funded have a consistency rule?
Sway Funded offers a dedicated "No Consistency" challenge type that removes the consistency rule. The Rapid and Regular challenges may apply consistency rules that can affect profit targets.
What payout methods does Sway Funded offer?
Sway Funded only pays out via cryptocurrency: Bitcoin, Ethereum, Tether, and Tron. Bank transfer and other methods are not available.