OFP Funding Review (4.4 out of 5) A Step-by-Step Evaluation of Fort OFP Funding (ofpfunding.com)

OFP Funding Review

Proprietary or prop trading has grown massively Over the past few years, and the rising buzz around funded trading accounts demonstrates how vital it is to join a trusted firm that funds your account and regularly pays out profits. One of the reliable prop trading firms in the industry today is OFP Funding.

This review dives deep into OFP Funding. Read on to learn the prop firm’s features and why it is ideal for all traders.

Is OFP Funding Legit?

Yes! Since its establishment in February 2022, OFP Funding has funded thousands of traders and paid out over $14 million. The firm boasts an average payout processing time of just 5 hours.

As of March 2024, OFP Funding supports two leading trading platforms: MetaTrader 4 and MetaTrader 5. The firm’s geographical availability is unmatched. Traders in over 140 countries can access funded accounts on OFP Funding.

Trade a Wide Range of Financial Instruments

Traders who get access to OFP Funding’s funded accounts can use them to trade in a wide range of markets, such as Forex, commodities, indices, cryptocurrencies, and bonds. This shows that the prop firm understands the importance of diversification and spreading the risk.

Availability of Different Types of Accounts

OFP Funding offers different types of accounts, which can be purchased at afffordable prices. Note that as a trader, you will enjoy leverage of up to 100x on all funded accounts. Account size at OFP Funding varies from $5,000 to $200,000. The pricing of funded accounts is based on the profit share. If you want an account that lets you retain 80% of the generated profits, you will pay a higher price than an account that gives you 20% of the realized profits.

Here is an example demonstrating how much you will pay for a $200,000 funded account based on profit share:

An account giving you 80% of the profits will cost you $2331, and those letting you retain 60%, 40%, and 26% of the profits go for $1,729, $1,290, and $947, respectively.

Favorable Trading Rules

All prop firms apply their own trading rules, most of which traders consider unfair. However, that’s not the case at OFP Funding. The firm imposes three simple and fair rules that traders need to follow to get payouts. One of the rules requires traders to maintain their initial account balances above 90%. The funded account will be closed if the balance falls below 10%.

No Restrictions on Trading Style

OFP Funding is big when it comes to promoting genuine trading behavior. Traders are allowed to use any trading style so long as it’s genuine. They can even trade during the release of high-impact news like Consumer Price Index reports and nonfarm payrolls.

Enjoy Regular Monthly Payouts

As a trader with an OFP Funding account, you will receive monthly payouts as long as you respect all the applicable rules. The good thing is that there are no profit targets set for traders. That means even if you generate 2% in profits using an “80% Monthly” account, you will receive 80% of the realized profits.

Accounts With No Renewal Fees

OFP Funding implements a one-time purchase policy, meaning that after buying your funded account, you will use it forever without paying a renewal fee.

A Prop Firm That Eliminates Challenges

In most prop firms, traders must engage in several trading challenges to access funds. However, OFP Funding eliminates this hassle by allowing traders to access funds immediately after they purchase their desired accounts.

Unlimited Number of Open Positions and Lots

While most prop firms limit the number of open positions and lots on funded accounts, OFP Funding does not impose limits on risk, allowing traders to take complete control of their trades.

Full Access to Educational Materials

OFP Funding goes above and beyond to ensure all funded traders sharpen their trading skills to enhance their chances of becoming consistently profitable traders. The prop firm has a wide range of educational materials and hosts webinars occasionally.

Supportive Customer Team

While it is common to see many traders complaining about the lack of customer support at many prop firms, OFP Funding separates itself from the crowd by offering exceptional customer support to its traders. You can use the live chat feature on the prop firm’s website to get quick assistance. What’s more, OFP Funding has active moderators on its Discord server to help traders when needed.

Who is OFP Funding Best For?

OFP Funding caters to a diverse pool of traders. Here are the types of traders who can buy funded accounts from the prop firm:

Beginner Traders: After purchasing funded accounts, novice traders get access to a supportive environment that allows them to learn and grow.

Experienced Traders: Seasoned traders looking for large capital allocation will find account options offered by OFP Funding ideal.

Final Thoughts

OFP Funding stands out in a fully crowded prop trading industry with its fair trading rules and commitment to trader development. The prop firm’s unique accounts make it attractive to traders from all backgrounds.