Fundora: Notification of Challenge Result and Next Phase Guidance

Fundora is a Japan-based evaluation-style prop firm that supports trader development through demo account trading. Since no real funds are involved, traders can focus on learning and taking on challenges while minimizing risk. Below, we explain Fundora’s unique evaluation criteria and the process that follows upon passing.

 

About Pass/Fail Evaluation

1. Failure Conditions (Unrealized Loss)
   
   
• When the total loss exceeds 10%
• When the daily maximum loss exceeds 5％.If either of these conditions is met, the account will be disqualified at the evaluation time. Since evaluation only happens once a day at 24:00 JST, failing is confirmed when the account surpasses these thresholds at that specific time.
2. Passing Conditions (Unrealized Profit)
   
   
• For Phase 1, unrealized profits must exceed 8% at 24:00 JST.
• For Phase 2, unrealized profits must exceed 5% at 24:00 JST.
• In both phases, if your floating profits surpass the required threshold at 24:00 JST, you will be deemed to have passed.

• Even if the target profit is achieved, a minimum of three trading days is required from the start of the challenge.

3. Timing of Evaluations

• The account status is checked at 24:00 JST each day, and if the loss or profit threshold is met at that time, you either fail or pass accordingly.

• The 5% daily maximum loss is recalculated based on your effective margin at 24:00 JST, so the threshold can shift depending on the day’s trading activity.

Guidance for Moving to the Next Phase

・Next Steps After Passing Phase 1

If you are determined to have passed during the daily evaluation conducted at 24:00 JST, we will first verify the status of your Phase 1 account. After that, your Phase 2 account information will be sent.

・Estimated Time for Account Information Delivery

Once the pass decision has been made, we will carry out internal checks and a final review of your account. As a general guideline, Phase 2 account information will be sent within approximately two business days.

If you pass on a Friday, the account details will typically be sent within approximately two business days starting from the next business day (including Monday).

・Next Steps After Passing Phase 2

After passing Phase 2, please submit your KYC documents via the dashboard. We will then proceed to verify your account details.※ For KYC, please submit one valid government-issued photo ID (such as a driver’s license, My Number card, or passport) and one proof of address issued within the last 3 months (such as a certificate of residence, utility bill, or credit card statement).If you wish to register as a corporation, in addition to the above two documents, please also submit a certified copy of the company’s registration (issued within the last 3 months).

・Estimated Time for Account Information Delivery

Once we have confirmed the content of the signed agreement, your Pro Account information will be sent to you within approximately two business days.

Fundora’s evaluation process enables you to qualify as a professional trader in as little as five days, giving you an early start to serious trading. Our 24/7 bilingual support ensures that your questions and concerns are promptly addressed at all times. Come and enhance your trading skills with Fundora!