📋 In This Review
📊 Firm Overview
Updated May 2026Account Sizes
$5K – $200K
Min Eval Fee
$5 (one-time)
CEO / Founder
Meir Hefetz (CEO)
Profit Split
80% – 95%
Payout Time
Instant (on-demand)
DD Type
Fixed
Markets
Forex, Indices, Metals, Commodities, Crypto,
News Trading
Yes
Overnight Hold
Yes
Scaling
Up to $1M
🔬 SPR Intelligence Analysis
Proprietary MetricsDifficulty Score Based on profit target, drawdown type, min days and restrictions. 10 = extremely hard to pass.
5.5/10
Average difficulty — fixed drawdown
Value Score Lower = better value. Industry average ~$7.00 per $1K.
$6.98 per $1K funded
$5 (one-time)
vs ~$7.00 avg across all tracked firms
Best Trader Profile Trading styles most likely to succeed given this firm's specific rule set and drawdown type.
Day Trader
Swing Trader
Scalper
FundingRock suits confident discretionary traders who want to minimize upfront financial risk through the Pay After You Pass model. The 2-Step Pro is the best fit for traders wanting 1:100 leverage and a straightforward 8%/5% evaluation. Not recommended for traders needing MT4 or MT5 — TradeLocker and cTrader are the only supported platforms.
📰 Firm Updates & News
Live Feed2026-04-09
FundingRock integrates cTrader as second supported platform alongside TradeLocker — available across all challenge and funded account types Platform
2026-03-01
Pay After You Pass model relaunched with updated activation fee structure — $5K account now at $60 activation, $100K at $500 after passing Platform
2025-12-01
15% consistency rule introduced on all funded accounts — single-day profits capped at 15% of total funded account cycle profits Rule
2025-11-25
FundingRock officially launched skill-based evaluation platform under Mindwave Training Limited, Nicosia, Cyprus Platform
2025-09-01
FundingRock founded — initial launch with 2-Step Pro evaluation model and TradeLocker as primary platform Platform
🛡️ Is FundingRock Legitimate?
⚠ Use Caution
Registered In
Cyprus — Mindwave Trading Limited (also referenced as Mindwave Training Limited), Nicosia, Cyprus
Operating Since
2025
Reported Payouts
Individual payout certificates displayed on website — total volume not publicly disclosed
Regulation
Prop Model
⚠ Red Flags to Know
Less than 1 year in operation — shortest track record among all reviewed firms
Total payout volume not publicly disclosed — no independent verification of scale
15% consistency rule introduced mid-stream without adequate advance notice to existing traders
Risk interview process after passing can reject funded accounts without clear objective criteria
Weekend holding requires paid add-on on Pay After You Pass model — not prominently disclosed in top-line marketing
No MetaTrader 4 or 5 support — TradeLocker and cTrader only
Activation fee structure on Pay After You Pass not refundable if funded account is later breached
📋 Challenge Rules
1️⃣ 1-step
2️⃣ 2-step
🧮 Challenge Fee Calculator
Select account size to see full cost breakdown:
✅ Pros & Cons
✅ Pros
Pay After You Pass model — start for just $5 and pay full fee only after passing
Instant on-demand withdrawals — no waiting period or payout cycle
Challenge fee 100% refunded with first payout on 2-Step Pro and Lite
EAs fully permitted on TradeLocker and cTrader across all account types
News trading allowed on all models — 2-minute window rule applies
Overnight and weekend holding permitted on 2-Step Pro and Lite
Scaling up to $1M across multiple simultaneous accounts
❌ Cons
Less than 1 year in operation — shortest track record among all reviewed firms
15% consistency rule enforced on all funded accounts — limits aggressive trading sessions
Risk interview process after passing can reject funded accounts subjectively
Trader reports of rules changing mid-stream without adequate advance notice
TradeLocker and cTrader only — no MetaTrader 4 or 5 support on any account
🎯 Who Is This Firm For?
✅ Ideal For
Confident traders wanting zero upfront financial risk via Pay After You Pass
Active traders wanting instant on-demand withdrawals without payout cycle delays
EA traders using automated strategies on TradeLocker or cTrader
Budget traders accessing low-cost 2-Step Lite with minimal profit targets
❌ Not Ideal For
Traders needing MetaTrader 4 or 5 — not supported on any account type
Traders needing a firm with a long verified payout track record
Aggressive traders who cannot manage a 15% single-day consistency rule
Traders who need rule stability — mid-stream rule changes reported
⚖️ Our Verdict
★★★★☆ 3.6/5
FundingRock is one of the most innovative new entrants in the prop firm space — the Pay After You Pass model is a genuine game-changer that removes upfront financial risk entirely for traders who are confident in their ability to pass. The instant withdrawal system and 95% profit split add-on are competitive. However, at less than 1 year old with a CEO-signed track record that is still very limited, a 15% consistency rule, a subjective risk interview, and reports of mid-stream rule changes — significant caution is warranted. Worth testing with a small account, but not suitable as a primary firm for serious traders until the track record develops further.
✓ Suitable with caution — verify rules carefully
❓ Frequently Asked Questions
FundingRock is a registered prop firm operating under Mindwave Trading Limited in Nicosia, Cyprus, founded in 2025. The firm displays individual payout certificates on its website signed by CEO Meir Hefetz, and has positive verified trader reviews across multiple platforms. However at less than 1 year old with total payout volume not publicly disclosed, traders should approach with appropriate caution and start with a smaller account until the track record develops further.
The Pay After You Pass model allows traders to start a challenge for just $5 entry fee and pay the full activation fee only after successfully passing the evaluation phase. The 1-Step evaluation requires a 3% profit target with 5% daily and 8% overall drawdown — no minimum trading days required. Once passed, traders pay the activation fee ranging from $60 for a $5K account to $500 for a $100K account, then receive immediate funded account access with instant on-demand withdrawals.
FundingRock currently offers three challenge models. The Pay After You Pass is a 1-Step evaluation starting at $5 with a 3% profit target and activation fee paid only after passing — best for confident traders wanting zero upfront financial risk. The 2-Step Pro requires 8% in Phase 1 and 5% in Phase 2 with 1:100 leverage — best for experienced traders wanting higher leverage and straightforward rules. The 2-Step Lite has lower 3%/3% profit targets with tighter 4% daily drawdown and 1:30 leverage — best for conservative traders wanting smaller targets at lower cost.
EAs and automated trading strategies are fully permitted on all FundingRock account types via TradeLocker and cTrader. News trading is allowed on all models — a 2-minute window rule applies around major high-impact economic events. Overnight holding is permitted on all account types. Weekend holding is permitted on 2-Step Pro and 2-Step Lite — it requires a paid add-on on the Pay After You Pass model and is not included by default.
FundingRock offers scaling up to $1,000,000 in total funded capital. Traders can hold multiple simultaneous funded accounts across all challenge models to build total exposure. The 95% profit split is available as a paid add-on at checkout on all account types — it is not the default split. The default profit split is 80% on all models. Challenge fees are refunded with the first payout on 2-Step Pro and 2-Step Lite accounts. The Pay After You Pass activation fee is not refunded under any circumstances.
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