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About FundedQuants & getting started 7 answers

What is FundedQuants?

FundedQuants is a proprietary trading evaluation firm operated by The League Enterprise, LLC. You pay a one-time fee, trade a simulated account under clear risk rules, and once you prove consistency you earn performance rewards of up to 95% of the profit you make on a funded account.

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Who operates FundedQuants?

FundedQuants is a brand of The League Enterprise, LLC. The company runs the evaluation programs, the FQ Terminal, the trader dashboard and reward processing.

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Is FundedQuants legitimate?

Every rule we enforce is published on the program pages and in the dashboard, every reward is paid in USD-pegged stablecoins with an on-chain transaction you can verify, and every certificate we issue carries a code anyone can check at fundedquants.com/verify. Read the Terms before you buy so you know exactly what you are agreeing to.

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Do I risk my own money?

No trading capital of yours is ever at risk. The only payment is the program fee (plus the activation fee on Spark, due only after you pass). Losses on the account never become a debt to you.

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Is it real trading or a simulation?

All FundedQuants accounts are simulated. Prices come from live market data and orders are filled at the real bid and ask, but no orders reach an exchange. Rewards are paid from the company's own funds based on your simulated performance.

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How do I get started?

Create an account, pick a program and size on the pricing table, pay in USDC or USDT from MetaMask or any wallet, and your account appears in the dashboard within minutes of the payment confirming. Open the FQ Terminal with one click or with the platform login shown on the account.

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Does FundedQuants give financial or investment advice?

No. Everything on the site, the Academy and our social channels is educational. Nothing we publish is a recommendation to buy or sell any instrument.

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Prop trading basics 8 answers

What is a proprietary trading (prop) firm?

A prop firm backs traders with its capital or, as with evaluation firms like ours, rewards traders for results on simulated capital. You bring the skill; the firm provides the account, the rules and the rewards.

Basics
What is a funded account?

A funded account is the stage after the evaluation. It has no profit target, the same kind of loss limits, and it lets you withdraw a share of the profit you make as a reward.

Basics
What is a challenge or evaluation?

An evaluation is a test account with a profit target and loss limits. Reach the target without breaking a limit and you move on: to the next phase on Two-Step, or straight to funded on the one-phase programs.

Basics
How do prop firms make money?

From program fees, and by keeping a share of the profit funded traders make. Our incentive is to fund consistent traders who stay funded for a long time.

Basics
Are prop firms worth it?

For a disciplined trader they cap the downside at the program fee while offering a large account. They are not worth it if you trade without a stop or a plan: the loss limits will close the account quickly.

Basics
How do I choose a prop firm?

Read the rules before the marketing: drawdown type, daily limit, consistency rules, payout frequency and how payouts are actually made. Check that you can verify payouts and that the support desk answers questions in writing.

Basics
What is the difference between a 1-step and a 2-step challenge?

A 1-step has one target and then you are funded. A 2-step splits the test in two smaller targets (8% then 6% on our Two-Step), which usually means looser limits per phase and a longer path.

Basics
How can I pass a prop firm challenge?

Risk a small, fixed share per trade, always set a stop-loss, avoid trading through the daily limit, and treat the target as a by-product of good process. Our Academy and the Equity Simulator in the dashboard help you size trades before you take them.

Basics

Choosing a program & pricing 8 answers

Which program should I choose?

Pick by temperament. Spark if you want the lowest entry ticket and a short 3% target. Pulse if you want daily rewards once funded. Summit for a single $500,000 account and a patient style. Two-Step for the classic route with scaling. Instant to skip the evaluation altogether.

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Which program is best for beginners?

Two-Step: the targets are split into two smaller steps, there is no deadline and the 5% daily limit gives room to learn the rules. Spark is also forgiving on cost if you want several attempts.

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Spark vs Pulse — which should I choose?

Spark costs less to enter and has a 3% target, but the activation fee is due after you pass and the funded account pays every 14 days unless you add Withdraw Anytime. Pulse costs more up front, has a 10% target and pays daily once funded.

Spark · Pulse
What account sizes are available?

Spark: $20K to $500K. Pulse: $10K to $100K. Summit: $500K. Two-Step: $5K to $200K. Instant: $5K to $200K. The live pricing table always shows every size and its current fee.

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How does the two-part payment on Spark work?

You pay the entry fee now. If you pass, the dashboard shows an activation fee; once it is paid the funded account opens. If you do not pass, you never pay the activation fee.

Spark
How much is the activation fee on each program?

Only Spark has one: $20K $122 · $50K $156 · $100K $190 · $200K $280 · $500K $392. Pulse, Summit, Two-Step and Instant have no activation fee.

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What payment methods do you accept?

USDC and USDT on Base, Polygon, Ethereum, Arbitrum and BNB Chain — straight from MetaMask, from any other wallet, or by sending from an exchange and pasting the transaction hash. Card payments through our processing partner appear at checkout when they are enabled for your product.

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Do I pay tax on rewards?

Rewards are income in most countries. We do not withhold tax; keep your own records and ask a local tax adviser how they are treated where you live.

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Spark (1-Step) 12 answers

What is the Spark program?

Spark is a one-phase evaluation with a 3% target, a 6% static floor and no minimum trading days. It has the lowest entry fee we offer; the activation fee is only due once you pass.

Spark
How much does Spark cost?

$20K $116 · $50K $127 · $100K $133 · $200K $155 · $500K $183

Spark
How much is the Spark activation fee?

$20K $122 · $50K $156 · $100K $190 · $200K $280 · $500K $392. It is charged only after you pass.

Spark
What are the Spark challenge rules?

3% profit target, 6% static maximum loss measured from the starting balance, no daily loss limit, no minimum days, no best-day rule, up to 1:100 leverage on FX and no deadline. A 2% maximum loss per trade applies (see below).

Spark
What are the Spark funded account rules?

No profit target, a 4% static maximum loss, a 2% daily loss limit, a 40% best-day rule for rewards and the 2% per-trade risk rule.

Spark
What is the Spark profit split?

70% as standard, 95% with the profit-split add-on chosen at checkout.

Spark
What is the 2% maximum risk per trade on Spark?

A single closed trade may not lose more than 2% of the account size. The first time it happens you get a warning in the terminal and the dashboard. The second time, the account is closed.

Spark
What is the best-day rule on Spark?

On the funded account, your best single day may be at most 40% of the profit you request as a reward. If it is higher, keep trading until the profit is spread over more days. It never closes the account.

Spark
When can I get my first reward on Spark?

Seven days after the funded account opens, then every 14 days, or any day with the Withdraw Anytime add-on.

Spark
Does Spark have a time limit?

No. Take as long as you need to reach the 3% target.

Spark
What leverage does Spark offer?

Up to 1:100 on FX pairs and 1:5 on crypto.

Spark
Can I trade news or use EAs on Spark?

Expert Advisors and copy trading of your own strategies are allowed. Trading around high-impact news releases needs the News add-on.

Spark

Pulse (1-Step) 11 answers

What is the Pulse program?

Pulse is a single evaluation with a 10% target and no deadline. Once funded there is no target at all and you can request a reward on any day.

Pulse
How much does Pulse cost?

$10K $155 · $20K $211 · $50K $323 · $100K $436

Pulse
What are the Pulse challenge rules?

10% target, 10% static maximum loss, 3% daily loss limit, a 50% best-day rule to pass, no minimum days and no deadline.

Pulse
What are the Pulse funded account rules?

No profit target, 4% static maximum loss, 2% daily loss limit and a 40% best-day rule for rewards.

Pulse
How fast are Pulse rewards reviewed?

The rules engine checks eligibility the moment you press Request, and the desk reviews and sends the payment, usually within 24 hours.

Pulse
What is the best-day rule on Pulse?

To pass, your best day may be at most 50% of total profit; on the funded account the limit for a reward is 40%. The dashboard shows your current share live.

Pulse
Does Pulse have a daily loss limit?

Yes: 3% in the evaluation and 2% on the funded account, measured from the higher of balance or equity at the 17:00 New York rollover.

Pulse
What is the Pulse profit split?

95% of the profit on the funded account.

Pulse
Does Pulse have a time limit?

No.

Pulse
What leverage does Pulse offer?

Up to 1:100 on FX and 1:5 on crypto.

Pulse
Can I trade news or use EAs on Pulse?

Expert Advisors are allowed. Arbitrage, latency exploitation and tick scalping are not (see Trading rules).

Pulse

Summit ($500K, 1-Step) 10 answers

What is the Summit program?

Summit is a single $500,000 evaluation with a 4% target over at least 30 trading days and a 5% trailing maximum loss. Once funded there is no daily loss limit.

Summit
How much does Summit cost?

$500K $323

Summit
Does Summit have an activation fee?

No.

Summit
What are the Summit challenge rules?

4% target, 5% trailing maximum loss that follows your peak equity until it locks at the starting balance, at least 30 trading days and a stable average of about 0.2% per day. Copy trading is not allowed.

Summit
What are the Summit funded account rules?

A static $10,000 maximum loss (2%), no daily loss limit and at least 5 trading days before a reward.

Summit
Does the funded Summit account really have no daily limit?

Correct — only the static maximum loss applies. Risk management is still your job.

Summit
Can I trade the news on Summit?

On the funded account, yes. During the evaluation, news trading needs the News add-on.

Summit
Is HFT or copy trading allowed on Summit?

No. Both are prohibited on Summit.

Summit
When can I withdraw on Summit?

Any time after 5 trading days on the funded account.

Summit
What is the Summit profit split?

95%.

Summit

Two-Step 8 answers

What is the Two-Step program?

Two phases: 8% then 6%, a 5% daily limit and a 10% trailing maximum loss, with no deadline on either phase. Funded traders withdraw every 14 days and can apply for scaling.

Two-Step
How much does Two-Step cost?

$5K $133 · $10K $155 · $20K $211 · $50K $312 · $100K $436 · $200K $772

Two-Step
What are the Phase 1 and Phase 2 rules?

Phase 1: 8% target. Phase 2: 6% target. Both: 5% daily loss, 10% trailing maximum loss, 4 minimum trading days, up to 1:100 leverage, unlimited time.

Two-Step
What are the funded rules?

No target, 5% daily loss, 10% trailing maximum loss, rewards every 14 days.

Two-Step
Does my balance carry over between phases?

No. Each phase starts again from the account size so the target and limits are measured cleanly.

Two-Step
How does scaling work?

After two consecutive rewards with every rule respected, ask support for a review. Approved accounts are resized in place by the risk desk.

Two-Step
What is the Two-Step profit split?

95%.

Two-Step
Is there an activation fee?

No.

Two-Step

Instant (no evaluation) 8 answers

What is the Instant program?

Instant gives you a funded account straight after payment. One rule protects it: a 10% trailing maximum loss.

Instant
How much does Instant cost?

$5K $155 · $20K $267 · $50K $391 · $100K $548 · $200K $941

Instant
Does Instant have an activation fee?

No.

Instant
Is there any evaluation?

No evaluation and no waiting period. Trade from the first minute.

Instant
What are the Instant rules?

10% trailing maximum loss, no daily limit, up to 1:50 leverage on FX, and 7 trading days before the first reward.

Instant
What is not allowed on Instant?

Everything prohibited on every program (see Trading rules), plus hedging the same instrument across two of your own accounts.

Instant
When can I withdraw on Instant?

After 7 trading days, then on demand. Payments usually arrive within 24–48 hours.

Instant
What is the Instant profit split?

95%.

Instant

Rewards & withdrawals 9 answers

When can I request my first reward?

It depends on the program: Pulse after 1 day, Spark after 7 days, Instant after 7 trading days, Two-Step after 14 days, Summit after 5 trading days. The dashboard shows the exact date for each account.

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How often can I withdraw?

Pulse: daily. Instant and Summit: on demand. Spark and Two-Step: every 14 days, or any day with the Withdraw Anytime add-on.

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How fast are rewards paid?

Eligibility is checked instantly. The desk reviews and sends the payment, usually within 24 hours (48 hours for Instant).

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How are rewards paid?

In USDC or USDT to a wallet you choose, on Base, Polygon, Ethereum or BNB Chain. The transaction hash is shown in your dashboard so you can verify it on-chain.

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What is the minimum withdrawal?

$100 of your share on every program.

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What happens to my account balance when I request a reward?

The profit leaves the account while the request is reviewed and the loss limits restart from the starting balance. If a request is declined, the profit goes back to the account.

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Are rewards guaranteed?

Rewards are paid when the account respects every rule and the trading is genuine. Prohibited practices void the reward and can close the account.

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Why might a reward be declined?

Usually because of the best-day rule, open positions at the time of the request, or a prohibited practice. The dashboard explains the exact reason.

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Do I need to verify my identity before withdrawing?

We may ask for identity verification before your first reward. When it is required, the dashboard shows it on the request screen.

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Trading rules (all programs) 9 answers

What trading styles are allowed?

Day trading, swing trading, scalping that holds positions for more than a minute, EAs you control, and overnight or weekend holding on crypto.

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What practices are prohibited?

Latency or price-feed arbitrage, exploiting stale prices, tick scalping, hedging between your own accounts or with other firms, account sharing or account management by third parties, and any automation that floods the server with orders.

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Is hedging allowed?

Hedging inside one account is allowed. Opposite positions across two of your accounts, or with another firm, are not.

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What about high-frequency trading?

Strategies that rely on order-to-fill speed rather than market direction are not allowed. Orders are rate limited per account.

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Are Expert Advisors and bots allowed?

Yes, as long as you run and control them and they trade a genuine strategy. Copy trading of your own strategy across your own accounts is allowed except on Summit.

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What is the difference between a soft and a hard breach?

A soft breach is a warning (for example the first oversized loss on Spark). A hard breach closes the account (maximum loss, daily loss, a second risk strike or a time limit).

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What happens when I break a rule?

The engine closes open positions at the market, the account status changes to Failed and the reason is recorded with the exact equity and floor.

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Do you monitor trading for abuse?

Yes. Every order is journaled and reviewed before rewards are paid.

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Can I scale up my account?

Two-Step funded accounts can be scaled after consistent rewards. Other programs can be scaled at the risk desk's discretion.

Two-Step

The FQ Terminal 7 answers

Which platform do I trade on?

The FQ Terminal at trade.fundedquants.com: a full web terminal with live quotes, candlestick charts, market, limit and stop orders, partial closes, SL/TP editing on the chart and a live objectives panel.

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Is the terminal available in my country?

It runs in any modern browser, everywhere we accept customers. There is nothing to install.

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How do I log in to the terminal?

Press Open terminal on the account in your dashboard for a one-click session, or sign in at trade.fundedquants.com with the platform login and trading password shown on the account. You can turn on two-factor authentication in the terminal.

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Is the terminal login different from my website login?

Yes. Each account has its own platform login, like a broker account, so you can share read-only access or run an EA without exposing your website login.

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Can I change platform after buying?

All accounts use the FQ Terminal.

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What can I trade?

Major FX pairs and the largest crypto assets. The Simulated Assets page in the dashboard lists every symbol with its contract size, leverage and commission.

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What happens if prices stop updating?

The terminal marks the symbol as stale and refuses new orders until fresh prices return. Open positions are valued at their last price, never at entry.

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Verification, compliance & eligibility 9 answers

Do I need to complete KYC?

Not to buy or trade. We may ask for identity verification before a reward is paid.

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Which documents are needed?

A government-issued photo ID and a recent proof of address. We will tell you exactly what is needed when it applies.

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How long does verification take?

Usually one business day after we receive clear documents.

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How old do I need to be?

18 or older.

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Which countries are restricted?

We do not serve residents of sanctioned jurisdictions. The current list is in the Terms and is shown at checkout.

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Can I use a VPN?

Do not use a VPN to hide your location; it can trigger a review of the account.

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Can I have more than one account?

Yes, up to the limit shown in the dashboard, all under one website login and one identity.

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Why might a reward be paused?

A pending verification, an open compliance question about the trading, or a mismatch between the payout wallet and earlier records.

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Do you share my data?

Only with the service providers needed to run the service, and never for advertising. See the Privacy Policy.

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Account & dashboard 6 answers

How do I access my account?

Sign in at fundedquants.com/app. Every account, objective, trade journal and certificate is there.

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What happens if my account is inactive?

Accounts with no trades for 30 consecutive days may be closed by the risk desk. A notice appears in your dashboard first.

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Can I share or transfer my account?

No. Accounts are personal and cannot be transferred.

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How do I close my account?

Open a support ticket from the dashboard.

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Am I responsible for activity on my account?

Yes, including activity by any EA or person you give your platform login to.

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Will you tell me about rule or price changes?

Yes. Rule changes never apply to an account you have already bought: every account keeps the rules it was sold with.

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Refunds & billing 6 answers

What is your refund policy?

Fees are refundable within 14 days if the account has not been used (no terminal login and no trades). Used accounts are non-refundable.

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How do I request a refund?

Open a ticket from Billing with the order number.

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What if I paid twice or the wrong amount?

Open a ticket with both transaction hashes. Overpayments and duplicates are returned to the sending wallet, minus network fees.

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Can crypto payments be refunded?

Yes, to the wallet that sent them, in the same stablecoin and network, minus network fees.

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Where are my invoices?

Billing in the dashboard lists every order with a printable invoice.

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What happens if I file a chargeback on a card payment?

The related accounts are closed while the dispute is open, and pending rewards are held.

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Add-ons 3 answers

Which add-ons are available?

Profit Split 95% (Spark), Withdraw Anytime (Spark and Two-Step) and News Trading (Spark, Summit and Instant). Add them at checkout; prices are shown as you select them.

Add-ons
What does the Profit Split add-on do?

It raises the Spark funded split from 70% to 95%.

Spark
What does the Withdraw Anytime add-on do?

It removes the 14-day wait between rewards so you can request one on any day.

Spark · Two-Step

Affiliates & referrals 2 answers

Do you have an affiliate program?

Yes. Approved partners earn a commission on every paid order from traders they refer.

Affiliates
How do I become an affiliate?

Apply on the Be a Partner page. Once approved you get a referral link and a live dashboard.

Affiliates

Support, appeals & contact 5 answers

How do I contact support?

Open a ticket from the dashboard, use the contact form, or reach us on the channels listed on the Contact page.

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How do I appeal a decision?

Reply to the ticket with the account number and why you think the decision is wrong. A second reviewer answers within 3 business days.

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How do I raise a dispute?

Open a ticket titled Dispute with the account, the order or reward involved and any evidence.

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My account was closed for a breach — what can I do?

The account page shows the exact rule, time, equity and floor. If the numbers are wrong, open a ticket and we will review the trade journal with you.

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Where can I read the full rules?

On each program page, on the account page in your dashboard, and in the Terms.

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Trading & prop terms glossary 18 answers

What is drawdown?

How far equity falls from a reference point, in dollars or percent.

Glossary
What is the difference between static and trailing drawdown?

A static floor never moves (10% below the starting balance stays there). A trailing floor rises with your peak equity and usually locks once it reaches the starting balance.

Glossary
What is a profit target?

The profit you need to pass a phase, as a share of the account size.

Glossary
What is a daily loss limit?

The most equity may fall within one trading day, measured from the day's reference at the 17:00 New York rollover.

Glossary
What is a profit split?

Your share of the profit when you take a reward.

Glossary
What is a profit buffer?

Profit kept on the account above the starting balance as a cushion.

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What is the best-day rule?

A consistency rule: your best day may be at most a set share of total profit.

Glossary
What is equity?

Balance plus the profit or loss of open positions.

Glossary
What is leverage?

How large a position can be for the margin it uses. 1:100 means $1 of margin controls $100.

Glossary
What is margin level?

Equity divided by used margin. Below 50% the largest loser is closed.

Glossary
What is an Expert Advisor (EA)?

An automated program that places trades for you.

Glossary
What is high-frequency trading?

Very fast, very frequent order placement that relies on speed rather than market view.

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What is hedging?

Holding opposite positions to offset risk.

Glossary
What is DCA?

Dollar-cost averaging: adding to a position in steps instead of all at once.

Glossary
What is copy trading?

Mirroring another account's trades automatically.

Glossary
What is KYC?

Know Your Customer: verifying who an account holder is.

Glossary
What does simulated trading mean?

Trading at real market prices on an account whose orders are not sent to an exchange.

Glossary
What is a funded trader?

A trader who passed an evaluation and trades a funded account.

Glossary
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Still have a question?

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