Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
Pro Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $49 | 8% | 5% | 5% | 8% |
| $10,000 | $99 | 8% | 5% | 5% | 8% |
| $20,000 | $179 | 8% | 5% | 5% | 8% |
| $25,000 | $199 | 8% | 5% | 5% | 8% |
| $50,000 | $299 | 8% | 5% | 5% | 8% |
| $100,000 | $499 | 8% | 5% | 5% | 8% |
Elite Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $49 | 8% | 5% | 5% | 10% |
| $10,000 | $99 | 8% | 5% | 5% | 10% |
| $20,000 | $179 | 8% | 5% | 5% | 10% |
| $25,000 | $199 | 8% | 5% | 5% | 10% |
| $50,000 | $299 | 8% | 5% | 5% | 10% |
| $100,000 | $499 | 8% | 5% | 5% | 10% |
Sprint Challenge
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $59 | 10% | 4% | 6% |
| $10,000 | $119 | 10% | 4% | 6% |
| $20,000 | $209 | 10% | 4% | 6% |
| $25,000 | $239 | 10% | 4% | 6% |
| $50,000 | $349 | 10% | 4% | 6% |
| $100,000 | $599 | 10% | 4% | 6% |
Pros & Cons
Pros
- Offered multiple challenge types including 1-step and 2-step
- News trading and weekend holding were permitted
- Fast payout processing averaging 8 hours
- Scaling plan with 25% account increase every 3 months
- Up to 1:100 leverage on forex pairs
Cons
- Firm ceased operations in October 2024
- Polarized Trustpilot reviews with 37% being 1-star
- EAs and copy trading were prohibited
- Transition from MT4/MT5 to DXtrade caused significant client issues
- Assets transferred to MyFundedFX upon closure
Trading Rules
About Swift Funding
Swift Funding was a Swiss-based proprietary trading firm that operated with registered offices in Hong Kong and Cyprus. The firm provided traders with simulated trading environments and access to funded accounts up to $200,000, with an 80% profit split. Swift Funding positioned itself as a premium prop firm offering advanced trading infrastructure and multiple evaluation pathways.
The firm offered three distinct challenge programs: the Pro Challenge, Elite Challenge, and Sprint Challenge. The Pro and Elite programs used a two-phase evaluation structure, while the Sprint offered a one-step path to funding. All programs operated on MT4 and MT5 platforms, giving traders access to forex, commodities, metals, indices, crypto, and stocks with leverage up to 1:100 on currency pairs.
However, Swift Funding ceased operations in October 2024, becoming one of the approximately 80-100 prop firms that shut down during the industry-wide shakeout of 2024. The closure was attributed to several factors, including technical difficulties stemming from the transition from MetaTrader platforms to DXtrade and Match-Trader, which caused system disruptions and significant client dissatisfaction. The firm's assets were subsequently acquired by MyFundedFX, co-founded by Matt Leach, who also served as CEO of Swift Funding.
As part of the transition, all pending payouts were processed within 48-72 hours, and support channels remained operational to handle refund requests for untraded challenge accounts. While the firm is no longer accepting new traders, its history provides a cautionary tale about the volatility of the prop trading industry.
How Swift Funding Worked
Swift Funding operated a challenge-based evaluation model with three pathways:
- Choose a Program: Traders selected from Pro, Elite, or Sprint challenges, each with different rules and risk parameters.
- Phase 1: Achieve the profit target (8% for Pro/Elite, 10% for Sprint) while respecting daily and total drawdown limits.
- Phase 2 (Pro/Elite only): Reach a 5% profit target under the same drawdown rules.
- Get Funded: Upon passing, traders received a funded account with an 80% profit split.
- Scale Up: Account balances could increase by 25% every three months based on consistent performance.
All trading took place on demo accounts throughout evaluation and funded phases.
Pricing & Plans
Swift Funding offered account sizes from $5,000 to $100,000 with a maximum capital allocation of $200,000 across all active accounts.
| Account Size | Pro/Elite Price | Sprint Price |
|---|---|---|
| $5,000 | ~$49 | ~$59 |
| $10,000 | ~$99 | ~$119 |
| $20,000 | ~$179 | ~$209 |
| $25,000 | ~$199 | ~$239 |
| $50,000 | ~$299 | ~$349 |
| $100,000 | ~$499 | ~$599 |
Commissions were $7 per lot round-turn on most instruments, with indices and crypto exempt from commissions.
Rules & Restrictions
Pro Challenge:
- Phase 1 Profit Target: 8%
- Phase 2 Profit Target: 5%
- Daily Drawdown: 5%
- Maximum Drawdown: 8%
- Minimum Trading Days: 1
- Maximum Trading Days: Unlimited
Elite Challenge:
- Same as Pro but with 10% maximum drawdown
- Leverage: 1:50 (reduced from Pro's 1:100)
Sprint Challenge:
- Profit Target: 10%
- Daily Drawdown: 4%
- Maximum Drawdown: 6% (trailing)
- Minimum Trading Days: 1
- Maximum Trading Days: Unlimited
General Rules:
- News trading permitted
- Weekend holding allowed
- EAs/automated trading prohibited
- Copy trading and third-party trading prohibited
- HFT prohibited
- Stop loss recommended but not mandatory
- KYC verification required (processed by Sumsub)
Payouts
Swift Funding processed payouts via wire transfer, cryptocurrency, and RISE Payments. The payout frequency was every 14-30 calendar days, with an average processing time of just 8 hours and a maximum of 12-72 hours. The profit split was 80% to the trader. Deposit methods included Visa/Mastercard, crypto, AstroPay, and InstantPayments for European and UK traders.
Is Swift Funding Legit?
Swift Funding was a legitimate prop trading firm that operated from Switzerland with offices in Hong Kong and Cyprus. The firm had a Trustpilot rating of 3.3 out of 5 based on 151 reviews, with polarized feedback showing 55% five-star and 37% one-star ratings. While the firm did process payouts and honor its obligations during operation, it ultimately ceased operations in October 2024 due to technical challenges and broader industry pressures.
The firm did not fall under regulatory requirements as it operated with proprietary capital. Upon closure, assets were transferred to MyFundedFX, which processed remaining payouts and refunds. Swift Funding is no longer accepting new traders or challenges.
FAQ
What is Swift Funding?
Swift Funding was a Swiss-based proprietary trading firm that offered funded trading accounts up to $200,000 with an 80% profit split. The firm ceased operations in October 2024, and its assets were transferred to MyFundedFX.
How much does Swift Funding cost?
Swift Funding is no longer operational. When active, challenge fees ranged from approximately $49 for a $5,000 account to $599 for a $100,000 Sprint account.
What is Swift Funding's profit split?
Swift Funding offered an 80/20 profit split, with the trader receiving 80% of profits earned on funded accounts.
Does Swift Funding allow EAs/bots?
No, Swift Funding prohibited the use of execution Expert Advisors that automatically place trades, as well as copy trading and third-party trading services.
Is Swift Funding available in the US?
Swift Funding is no longer operational as of October 2024. When it was active, US availability was not explicitly confirmed, and geographical restrictions applied to certain payment methods.