Our full opinion on this new Prop Firm

What is Raise My Funds?

Raise My Funds is a prop firm launched in 2024 by the broker RaiseFX. This company offers traders funding up to $1 million by basing account growth on a scaling plan.

Features of Raise My Funds

Before’be financed on this prop firmyou must succeed a two-step challengewith an initial capital ranging from $10,000 to $200,000.

Once the challenge successful, you can gradually increase your capital by reaching defined performance objectives. For example, after carrying out a 10% profit on their initial capitalyou can request a increase in your capitaland so on, until a maximum of $1 million.

This scaling process allows you to manage increasingly larger amounts of capital based on your real-time performance.

Raise My Funds positions itself as an actor serious and regulatedholding a category 1 FSP license issued by the FSCAthe authority of regulation of South Africa.

The different Prop Firm programs

RaiseMyFuinds remains simple, it only concerns the different stages of the challenge. Here is how it is composed:

• The challenge : This is the first step in the evaluation process. You must reach a 10% profit target respecting certain rules (maximum daily loss of 5%, maximum total loss of 10%, minimum trading of 4 days). Once validated, you move on to the next step.

• The confirmation : This is the second and final step of the evaluation phase. The rules are similar to Challenge, but the profit objective is reduced to 5%. By successfully completing this step, you become a funded trader.

• Funded Account: you can then trade with the capital made available by Raise My Funds (up to $200,000 initially) and keep 70% to 90% of the profits generated. Your capital can then be increased up to $1 million based on your performance.

Challenge fees and funded account on Raise My Funds

As with the vast majority of prop firms, the price of the challenge depends on capital that you want to borrow from the platform.

Here is a summary table of prices according to capital and objectives to pass the first stage of this challenge:

Good to know about Raise My Funds:

• Reimbursable Expenses: Registration fees are refundable upon first “Scale-Up” or first profit payment.
• No Hidden Fees: Raise My Funds does not charge any additional or hidden fees. All fees are included in the Challenge.
• Lever : The proposed leverage is 1:100 (x100) for all challenges.
• Trading Conditions: All stages of the challenges take place on a demo account. Once the challenge is successful, the trader receives a submitted real account.

What can you trade on Raise My Funds?

Raise My Funds allows you to trade a wide range of financial assets, including:

The platform provides access to more than 500 different assets to diversify your investments.

Authorized Trading Types

In terms of trading strategies, the prop firm authorizes:

• Trend trading
• Technical analysis (indicators, moving averages, MACD, etc.)
• Algorithmic/automated trading
• THE scalping
• The use of trading robots

The only requirement is that the strategies employed remain ethical and compliant with Raise My Funds terms and conditions.

Trading Platform

To execute orders, Raise My Funds uses the popular platform MetaTrader 5 (MT5), for which the company has a official license. Traders can therefore access MT5 on desktop or mobile.

To get started, go to the Raise My Funds official website and click “Challenge yourself“. You will need to provide some personal information and choose the program that suits you (target amount of capital).

Payment of registration fees for the Challenge is made by bank card or crypto payment. You then receive your platform connection credentials MetaTrader 5 and can start your assessment journey.

Here are the detailed steps from registration to obtaining the funded account on Raise My Funds:

Step 1: Access the website

1. Open your web browser and go to the official Raise My Funds website: https://raisemyfunds.co/
2. Click on the button “Challenge yourself” or “Register” usually located at the top right of the home page.

Step 2: Complete the registration form

1. You will be redirected to a registration form to fill out with your personal information:

• First and last name
• E-mail address
• Phone number
• Address

2. Choose the Challenge that matches your objectives and desired amount of trading capital.
3. Select your payment method (bank card or cryptocurrency) to pay the registration fees for the chosen Challenge.

4. Accept the terms and conditions by checking the appropriate box.
5. Click “Register” to submit the form.

Step 3: Access the customer area

1. Log in to your account with the email address and password you set.
2. Go to your profile and fill out the additional required information, if applicable.

Step 4: Identity verification (KYC)

1. Access the identity verification (KYC) section in your customer area.
2. Upload the documents requested to prove your identity (identity document, proof of address, etc.).
3. Wait for your documents to be validated by the Raise My Funds team.

Step 5: Start the Challenge

1. Once your account is verified, you will receive an email with your credentials to access the platform MetaTrader 5 (MT5).
2. Log in to MT5 with the credentials provided and start trading according to the rules of the Challenge chosen.

Step 6: Finalize registration

1. After successfully completing the two stages of the Challengeclick on “Get Funded” in your customer area.
2. Complete the final formalities, including signing the contract for your funded Raise My Funds account.

Our opinion: What is the prop firm Raise My Funds worth?

Raise My Funds has some very good assets, starting with the solidity and credibility of its parent company RaiseFX.

The company seems to emphasize quality of service And support for traderswith real efforts to training and monitoring.

Trading conditions are in the high average of the marketwith some spreads attractive and above all a large selection of assets.

THE programs proposed are well thought out and give them time to prove themselves, with achievable goals.

THE challenge is demanding, mais not insurmountable for an experienced trader.

We appreciate the transparency on costs and the fact that those of the challenge are reimbursed once funded. Being able to keep up to 90% of profits remains in the average of good prop firms.

Finally, the possibility of seeing your capital gradually increase with the scaling is motivating.

Only problemIt’s about a recent prop firm, with few long-term returns. This does not call into question its seriousness, but encourages a certain caution. Monitoring the performance of its financed traders over time will be a good indicator.

Eventually, Raise My Funds seems to us a promising prop firmwhich ticks many boxes and deserves to be give him a chance. If the seriousness and quality of service are there, it has the potential to establish itself among the leading players in the sector. To be continued !