ARCTIC FUNDING REVIEW

Arctic Funding is a prop trading firm that caters to stock and forex traders. The company was founded by Buddima Dalpathadu, who started as an options trader but turned to forex for funding. Most prop firms at the time just catered to forex traders, so he decided to start something catering to stock traders. 

With Arctic Funding, traders get unlimited time to prove their skills before getting funding. After passing the evaluation, you can get a profit split of 80% or 100%. The firm has several funding options ranging from $10,000 to $200,000, each with its own rules. 

A unique feature of these programs is that you can choose your preferred profit split. However, a 100% split is more expensive than the 80% one. Traders also get to pick between the DXtrader and the TradeLocker trading platforms. The trading rules are straightforward, and after passing the evaluation, traders get a full refund of their fee plus a care package.

FUNDING PROGRAM OPTIONS

With Arctic Funding, traders get five different funding options. 

$10,000 ACCOUNT

With this account, you get a buying power of $10,000. Traders can choose to either buy a 2-step or express challenge. The two-step challenge is more expensive at $117.30 because you get an unlimited amount of time to do the challenge. Meanwhile, the express option costs $72.11, but you only get seven days to prove your skills.

For the two-step challenge, the trading period is unlimited. The minimum number of trading days is seven. Meanwhile, the maximum daily loss is $400 or 4%, and the maximum loss is $1000 or 10%. Finally, the target for the first stage is $1000 or 10%, while that for the second stage is $600 or 6%.

The express challenge has different objectives. First, there are no minimum trading days. The maximum daily loss is $300 or 3%. The maximum loss is $400 or 4%, while the profit target is $500 or 5%

$25,000 ACCOUNT

With this account, you get a buying power of $25,000. The two-step challenge costs $272.00, and the express option costs $167.20.

For the two-step challenge, the trading period is unlimited. The minimum number of trading days is seven. Meanwhile, the maximum daily loss is $1,000 or 4%, and the maximum loss is $2,500 or 10%. Finally, the target for the first stage is $2,500 or 10%, while that for the second stage is $1,500 or 6%.

The express challenge has different objectives. First, there are no minimum trading days. The maximum daily loss is $750 or 3%. The maximum loss is $1,000 or 4%, while the profit target is $1,250 or 5%

$50,000 ACCOUNT

With this account, you get a buying power of $50,000. The two-step costs $378.25, while the express option costs $232.51.

For the two-step challenge, the trading period is unlimited. The minimum number of trading days is seven. Meanwhile, the maximum daily loss is $2,000 or 4%, and the maximum loss is $5,000 or 10%. Finally, the target for the first stage is $5,000 or 10%, while that for the second stage is $3,000 or 6%.

The express challenge has different objectives. First, there are no minimum trading days. The maximum daily loss is $1,500 or 3%. The maximum loss is $2,000 or 4%, while the profit target is $2,500 or 5%

$100,000 ACCOUNT

With this account, you get $100,000 in buying power. The two-step challenge costs $595.00, while the express option costs $365.75.

For the two-step challenge, the trading period is unlimited. The minimum number of trading days is seven. Meanwhile, the maximum daily loss is $4,000 or 4%, and the maximum loss is $10,000 or 10%. Finally, the target for the first stage is $10,000 or 10%, while that for the second stage is $6000 or 6%.

The express challenge has different objectives. First, there are no minimum trading days. The maximum daily loss is $3,000 or 3%. The maximum loss is $4,000 or 4%, while the profit target is $5,000 or 5%

$200,000 ACCOUNT

With this account, you get a buying power of $10,000. Here, traders can only choose the 2-step or challenge. They pay a fee of $1,147.50

The trading period is unlimited, and the minimum number of trading days is seven. Meanwhile, the maximum daily loss is $8,000 or 4%, and the maximum loss is $20,000 or 10%. Finally, the target for the first stage is $20,000 or 10%, while that for the second stage is $12,000 or 6%.

CUSTOMER REVIEWS

Arctic Finding has a Trustpilot score of 3.2, with 55% 5-star reviews and 43% 1-star reviews.

5 STAR

Lilwallstreet

“This is the best prop firm I have ever traded with. Great trading conditions and excellent customer service. I just passed my second express challenge, and I’m waiting for my second funded account. So far no slippage and great raw spreads. You can really tell the team behind it all are traders and know what they’re talking about. I’ll review it after my payout.”

1STAR

David Smith

“These guys are an absolute scam. I really put so much trust in this system. I was trading daily and was very profitable. Things were going great. When it came time to withdraw my profits, they flipped the script and refused to pay. Not only did I not get my money, but I also lost money due to their platform. Protect yourself; look elsewhere.”

CONCLUSION

Arctic Funding is a great prop trading firm that allows stock traders to access up to $400,000 in funding. The trading objectives are simple, and there is a wide range of funding options. However, the firm has a low Trustpilot score and little information on its scaling plan.