OFP Funding Review

Let's explore the key aspects of OFP Funding, the leading instant funding program that presents no challenges for traders. Today, we'll delve into the features, advantages, and disadvantages of the platform, Ofpfunding.com.

Our review of ofpfunding.com centers on how this proprietary trading firm has achieved remarkable growth as one of the quickest-expanding forex-funded programs.

If you're seeking trading solutions that provide traders with a competitive edge, especially in volatile markets, consider automated trading robots as an option.

OFP Funding stands out among funding programs by offering the industry's most generous payout ratios. Its members can receive immediate funding based on their trading activities in a matter of minutes.

Company Overview

In 2021, OFP Funding was established with a unique vision to provide alternative services in the trading industry. Distinguishing itself from other trading prop firms, OFP Funding chose a no-challenge approach for granting access to funded accounts. While most firms typically require traders to undergo challenges to prove their skills, OFP Funding aimed to make the process simpler and more accessible for traders.

The platform introduced a true instant funding model, allowing traders to receive funding without having to go through any challenges. This approach has resonated well with users who have found success in generating income from their trading activities.

One of the platform's notable features is the availability of various accounts with different funding amounts, catering to traders with diverse needs and preferences.

The founders of OFP Funding are Ruggero Catalano Rossi Danielli and Marcello Chiesa, and their team's detailed biography can be found on the website's about us page.

Operating under the company name OverviewFX LTD, OFP Funding is a legally recognized entity in the UK. The platform officially launched in February 2022, and its primary objective is to offer traders an alternative to mainstream funding programs.

With a team possessing extensive experience in both online and offline trading, OFP Funding is committed to helping traders improve their skills and achieve profitability in the markets. Their dedication to providing a unique and user-friendly platform sets them apart in the trading world. For inquiries, individuals can reach the platform through their website (ofpfunding.com) or via email at support@ofpfunding.com. The company is located at 71-75 Shelton Street, London, UK, with Company No. 13699305.

Advantages and Disadvantages of OFP Funding

Each entity has pros and cons, and the trader has to weigh the pros and cons and decide to go on with the platform.

From our experience, the pros heavily outweigh the cons of this platform. Let’s take a closer look at both aspects of the platform.

Advantages of ofpfunding.com

At OFP Funding, members are granted immediate access to funding accounts, and they have the flexibility to scale up their funding to as much as £5 million by utilizing the various available multiple accounts.

The platform offers a wide range of trading strategies, including news trading, overnight trading, scalping, and weekend holding, allowing traders to choose the approaches that suit their preferences and goals.

When starting with OFP Funding, traders can benefit from reasonable initial fees, and there are no ongoing costs to worry about.

The platform has partnered with the reputable IC Markets broker as its primary brokerage partner, ensuring traders have access to excellent trading services.

Various assets are available for trading, encompassing bonds, commodities, cryptocurrencies, forex, indices, and stocks, providing traders with a diverse range of options.

Members can take advantage of tight spreads, low commission fees, and quick execution speeds, enhancing their trading experience.

Unlike some firms, OFP Funding does not impose profit targets on its traders, offering them more freedom and flexibility in their trading strategies.

Furthermore, the platform offers rewards programs to incentivize and reward traders for their performance and dedication.

Leverage at OFP Funding adheres to industry standards, providing a maximum leverage of 1:100 to traders.

Traders on the platform benefit from the usage of world-class trading terminals MT4 and MT5, ensuring a robust and efficient trading experience.

PS: These options will do for those looking for a forex-funded account program with no challenges and higher leverage.

Cons of ofpfunding.com

OFP Funding lacks evaluation phases that could assist in assessing traders' skills before accessing funded accounts. As a relatively new proprietary firm with limited reviews or publicity, it may not have garnered widespread attention yet.

The profit-sharing model offered by OFP Funding falls below the industry average, potentially impacting the potential earnings for traders.

Traders on the platform are required to actively participate in trading for a minimum of 3 out of 7 trading days, which may not suit everyone's schedule or preferred trading style.

Unfortunately, OFP Funding does not permit the use of Expert Advisors (EAs), limiting the options for traders who prefer automated trading strategies.

Another drawback is the absence of a demo or free trial account, making it challenging for traders to explore and familiarize themselves with the platform's features before committing to a funded account.

Dashboard for traders

Let’s take a closer look at the three available funding programs;

• 40 percent instant Monthly account with £100K maximum
• 26 percent Instant Monthly account with £100K maximum
• 40 percent Instant Supercharged Account with £100K Maximum.

1. 40% Instant Monthly Account

OFP Funding provides traders with a selection of five different accounts to choose from:

1. Account 1: Minimum funding of $5,000 with an initial fee of £82. No verification requirements or challenges are imposed on this account.
2. Account 2: Requires a funding amount of $10,000, accompanied by an account fee of £123. Specific rules are associated with this account.
3. Account 3: Features a $25,000 account balance and an account fee of £197.
4. Account 4: Involves funding of $50,000, along with an account fee of £390.
5. Account 5: Offers a maximum funding amount of $100,000, and traders must pay £746 to access this account.

For the 40% Monthly Account Scaling Plan, traders become eligible for a 25% deposit of the trading amount once they achieve a 15% profit consistently for four consecutive months.

$25,000 is the account balance with a fee of £197. The fourth account type comes with a funding of $50,000 and an account fee of £390.

The fifth account offers a maximum funding amount of $100K, and traders must pay £746 to access this account.

Scaling plan of the 40% Monthly Account

Once a trader makes a 15 percent profit for four months in a row, they are eligible for a 25 percent deposit of the trading amount.

2. 26% Instant Monthly Account

The 26% Instant Monthly Account at OFP Funding offers traders the option to select from five different funding accounts:

1. Account 1: Provides $5,000 in funding, and traders are required to pay £58 to access this account.
2. Account 2: Offers $10,000 in funding, with a cost of £82.
3. Account 3: Includes $25,000 in funding, and the account fee amounts to £197.
4. Account 4: Entails $50,000 in funding, with a cost of £390.
5. Account 5: Provides the maximum funding of $100,000, and traders must pay £746 to access this account.

For the 26% Instant Funded Account Programs, the Scaling Plan operates as follows:

Once a trader achieves a profit of 15% or more for four consecutive months, they become eligible for scaling. This entails receiving a deposit of 25% of the initial funding balance as a reward.

3. 40% Supercharged Account

Among the three funded account options, the most captivating one features weekly percentage increments in a profit split.

The funded accounts are available in different tiers:

1. Account 1: The minimum funded account requires $5,000, and traders need to pay £90 as fees to access this account.
2. Account 2: The second funded account offers $10,000 in funding, with associated fees of £123.
3. Account 3: For the third account, traders can access $25,000 in funding, and the fees amount to £187.
4. Account 4: The fourth funded account involves $50,000 in funding, with fees charged at £374.
5. Account 5: The maximum funding option is $100,000, and traders opting for this account must pay £733 in fees.

Scaling plan for the supercharged account

Once traders have made 15 percent plus in profits four months in a row, they are eligible for a 25 percent monthly deposit for the initial funding amount.

Conditions set for trading on OFP Funding Program

OFP Funding has established specific features and trading conditions for traders to adhere to while engaging on their platform:

1. Consistency Rules: While there is no strict consistency rule, the platform emphasizes the importance of prudent risk management practices. It prioritizes continuous and sustainable profit over rapid gains with higher risks. Traders must follow the set trading rules to differentiate between expert traders and regular traders, safeguarding them from excessive risks and unfavorable outcomes.
2. Copy Trading: Copy trading is permitted exclusively between OFP accounts. Traders are not allowed to copy trades from personal accounts or other proprietary firms. Any attempt to copy from a different account will result in suspension. Prior to engaging in copy trading between OFP accounts, traders must contact the support team, providing information about the master account and the software they plan to use for copy trading.
3. Daily Drawdown: Traders' equity and balance should not fall below the daily maximum balance or be lower than the account margin. Both equity and balance must be equal to the account margin, which is set at 5% of the initial funding amount/deposit. The platform considers each trading day to begin at 00:00 GMT, and if any rule is violated, the account may be closed.
4. Trading Days and Strategies: Traders are required to have a minimum of three trade days within every seven-day period. Trading days are determined based on the day the trade is executed. Genuine trading strategies accepted on the platform include news trading, overnight trading, swing trading, scalping, and weekend holding. However, OFP Funding does not support the use of Expert Advisors (EAs) on their platform, which may be a limitation for some traders.

Overall, OFP Funding encourages responsible trading practices and seeks to foster an environment where traders can thrive with sustainable profitability while adhering to the platform's specified rules and guidelines.

Trading Styles

OFP Funding allows a variety of trading styles on its platform, providing traders with flexibility in their approach. Acceptable trading styles include:

1. Gap Trading
2. Hedging
3. Latency Arbitrage
4. Long-Short Arbitrage
5. Martingale Strategy
6. News Straddling
7. Reverse Arbitrage

Additionally, the platform permits reverse or opposite account trading, allowing traders to explore diverse strategies and tactics to achieve their trading goals.

Deposits and Monthly Payouts OFP Funding

OFP Funding offers different payout structures for traders based on their chosen accounts. Traders must adhere to the 40% or 26% payout of their overall earnings, depending on the specific account they are using.

Payouts are made every four weeks, typically at the end of each month. It's worth noting that OFP Funding does not impose any profit targets on its traders, providing them with more flexibility in their trading strategies.

For Supercharged accounts, there is a distinct approach to payouts. Traders with Supercharged accounts enjoy lifetime access and are eligible for a 40% weekly payout, offering a potentially faster and more frequent earnings distribution.

Conclusion

In conclusion, OFP Funding is a unique and innovative trading platform that offers traders instant funding alongside the highest pay-out and success ratios in the industry. The platform provides traders with flexible funding options, advanced risk management tools, comprehensive support and training, and low fees. All of these features make OFP Funding an excellent choice for traders who want to take their trading to the next level with a forex prop firm.

FAQ's

Is OFP Trustworthy?

You can find daily and monthly testimonials from traders. There’s a discord where users chat and share ideas and experiences on the platform.

How much money can I manage with OFP?

The maximum allowed money is $100K, not considering the scaling, which will increase the amount by 25 percent.

Is OFP Funding the best trading solution for beginner traders?

It helps give traders more control of the situation and allows for better safety measures for all parties concerned.