Fundora: Notification of Challenge Result and Next Phase Guidance
About Fundora's Pass/Fail Criteria and Post-Pass Process Information
Table of Contents
1. Fundora's Pass/Fail Criteria
1-1. Disqualification Conditions (Floating Loss)
1-2. Pass Conditions (Floating Profit)
2. Information Regarding the Next Phase After Passing
2-1. Flow After Passing Phase 1
1. Fundora's Pass/Fail Criteria
Fundora is a Japanese exam-based prop firm that evaluates traders' abilities through demo account trading and supports their growth. A major feature is the ability to balance learning and challenges while minimizing risk, as no actual funds are handled. Below, we will explain in detail Fundora's unique pass/fail criteria and the process after passing.
1-1. Disqualification Conditions (Floating Loss)
・If the overall loss rate exceeds 10%If the maximum daily loss rate exceeds 5%・If either of the above two conditions is met, disqualification will be determined at that time.
Disqualification will be enforced immediately upon reaching either of the above two conditions.
1-2. Pass Conditions (Floating Profit)
・In Phase 1, if unrealized profits exceed 8%.
・In Phase 2, if unrealized profits exceed 5%.
・Even if the profit target is achieved, a minimum of 3 trading days are required from the start of the challenge.
・As stated above, in any phase, once the relevant profit target has been exceeded and at least three trading days have been fulfilled, the account will be deemed to have passed.
1-3. Judgment Timing
・The pass/fail judgment is conducted continuously, and the result is determined once either the loss or profit condition is met.
・The maximum daily loss limit of 5% is recalculated based on the account equity at 6:00 AM JST during Summer Time (7:00 AM JST during Winter Time), and therefore it may vary depending on the trading situation of that day.
2. Information Regarding the Next Phase After Passing
2-1. Flow After Passing Phase 1
For customers who have been determined to have passed, after confirming the account status of Phase 1, the account information for Phase 2 will be sent.
・Waiting time until account information is sent:
After the pass judgment, we will confirm and finalize the account status internally. We aim to guide you to Phase 2 within approximately 2 business days. If you pass on a Saturday or Sunday, the Phase 2 account information will be sent within approximately 2 business days, including the next business day (Monday).
2-2. Flow After Passing Phase 2 and KYC Documents
After passing Phase 2, please submit KYC documents from the dashboard. After that, we will confirm your account information. ※For KYC documents, please submit one form of identification with a valid expiration date issued by a public institution (e.g., driver's license, My Number Card, passport) and one document verifying your address issued within the last 3 months (e.g., resident certificate, utility bill, credit card statement). If you wish to register as a corporation, in addition to the aforementioned two documents, please submit the corporation’s certificate of registered matters issued within the last three months by attaching an image of it to an email and sending it to our Customer Support.
・Waiting time until account information is sent:
Once the content of the Professional Trader Qualification Terms and Oath Agreement you filled out has been confirmed, we will send your professional account information within approximately 2 business days.
3. Summary: Aiming to Be a Pro with Fundora
Fundora offers an evaluation process where you can aim for professional qualification in as little as 5 days, allowing you to start serious trading. With 24/7 bilingual support available, you can resolve questions and concerns anytime and challenge yourself with peace of mind. Why not aim to become a professional trader with Fundora?
