One-, two- and three-step trading challenges from $5,000 to $250,000, operated by RateRight Pte. Ltd. (Singapore)
Checked 8 October 2026
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FundedBull sells trading challenges in one-step, two-step and three-step formats. Its Terms of Use give account sizes from $5,000 to $250,000. The Terms say traders on its standard plans keep 90% of profits. The same Terms also describe Lite plans with a 50/50 split and a promotional plan with a 20% split.
Its Terms of Use name RATERIGHT PTE. LTD., a company registered in Singapore, as the operator. The site footer says its services involve simulated demo accounts for educational purposes. The challenge checkout on my.fundedbull.com did not load when we tried it, so this review covers only the one price shown on the home page.
Everything in this review comes from FundedBull's own web pages, saved on 7–9 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 90% 1 Firm's wording: “Always 90% Profit Split Your skills deserve to be rewarded, which is why we offer the market-leading profit split of 90% without any add-ons.” |
|---|---|
| Account types | 1-Step evaluation, 2-Step evaluation, 3-Step evaluation 1 |
| Markets | Forex, Crypto, Indices, Commodities, Metals 1 |
| Platforms | DXtrade, Match-Trader, cTrader 12 |
| Allowed / offered on at least one account type | Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) | |
| Restricted countries named | Belarus, Central African Republic, Cuba, DR Congo, Ethiopia, Hong Kong, Iran, Iraq, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Vietnam, Yemen 1 Countries the firm names. Its list may also refer to sanctions lists or other countries — check the linked page. |
The Terms of Use list three challenge types. The home page size selector shows $5K, $10K, $25K, $50K, $100K and $250K accounts. The key parameters below come from the Terms of Use.
| Challenge | Profit target | Maximum drawdown | Daily drawdown limit | Drawdown type | Minimum trading days | Trading period |
|---|---|---|---|---|---|---|
| One-Step | 9% | 6% | 3% | Trailing | 5 | Unlimited |
| Two-Step | 8% (Phase 1), 5% (Phase 2) | 8% | 4% | Static | 5 | Unlimited |
| Three-Step | 6% in each of three phases | 7% | 4% | Static | 5 | Unlimited |
The home page shows the same two-step figures (8% and 5% targets, 8% maximum loss, 4% daily loss, five minimum trading days per step).
The only price we saw was on the home page, for the 2 Step $25K account: $189. The home page and footer also advertise discount codes. We could not see prices for other sizes or programmes, and the page we saw did not say whether the fee is one-time or recurring.
The Terms say the participation fee is non-refundable and depends on the type and size of the challenge. They say all fees are charged in USD and list bank transfer, credit card and Rise among the accepted payment methods.
The Terms say Lite plans "come at a lower cost but offer a 50/50 profit split". We did not see Lite prices or which sizes they cover.
The Terms also set out a discounted plan bought with a promo code. It is for new customers only, once per customer, and enrols the buyer in a 1-Step challenge. Under this plan the trader receives 20% of profits and has a maximum of 14 calendar days to complete the challenge, and the purchase price is non-refundable. The Terms say FundedBull may modify or end this offer at any time. We could not confirm whether it is currently on sale.
To pass a challenge you must trade for at least five days. A day only counts if it contributes at least 0.5% of the profit target. The firm's example: on a $100,000 challenge, a day needs at least $500 profit to count. These two do not match: 0.5% of an 8% target on $100,000 is $40, while the example asks for $500 (0.5% of the account size). Check with the firm which applies.
The Terms add that your trading style and choice of assets "should align with those of your most profitable day". The Trading Rules page words this differently: they "should align with those of your trading days". We report both.
Both pages say trading on the challenge account must be documented and replicable in the funded phase, using the same strategies, risk management and execution methods.
The Terms label the One-Step drawdown as trailing and the Two-Step and Three-Step drawdown as static. The Terms' general definition says drawdown "is expressed as a percentage of the account's highest equity point"; we report the per-programme labels. For the two-step challenge, the home page shows a funded-stage maximum loss of 8% and daily loss of 4%, with an unlimited trading period.
The Terms give leverage by asset class: forex 50:1, indices 10:1, metals 10:1, oils 10:1 and cryptocurrencies 2:1. The firm may change these at its discretion, especially during volatile periods. The Terms say there is no mandatory stop loss, but traders are expected to follow a "2% rule": no more than 2% of account equity at risk per trade. The firm also says it discourages going all-in or opening large positions with maximum leverage.
Each challenge lists a maximum inactivity period of 15 days. The Terms say an account with no trades for more than 15 consecutive days may be closed, on both challenge and funded accounts, and any remaining balance may be forfeited. Each user may register only one FundedBull account; the Terms say an additional account needs the firm's prior approval. After passing, the Terms say a funded account is provided within up to 14 business days.
Both pages say news trading is permitted, with a no-trading window of five minutes before and five minutes after news events. The Trading Rules page applies that window to challenge accounts. The Terms state it without limiting it to challenge accounts. We would treat the Terms' wider wording as applying unless the firm confirms otherwise. The Terms also list "purposely trading during high volatility news events to exploit market movements" as irresponsible trading.
The Terms list these as prohibited:
The pages we saved do not say whether expert advisers or bots are allowed in general; the ban above covers software that could manipulate or abuse the firm's systems.
The Trading Rules page prohibits group trading, signal services and passing services, but allows resources such as market analyses, webinars and e-books. It says traders who pass may be asked to join a call to explain their trades. The Terms add that users must take part in mandatory risk assessment interviews.
The Terms set the standard split at 90% to the trader and 10% to FundedBull. The home page says "Always 90% Profit Split" and "90% without any add-ons". The Terms, however, give Lite plans a 50/50 split and the promotional plan a 20% split, so 90% applies to the standard plans.
| Account size | Minimum profit share to request a payout |
|---|---|
| $5,000 and $10,000 | $200 |
| $25,000 | $500 |
| $50,000 | $1,000 |
| $100,000 | $2,000 |
| $250,000 | $5,000 |
For $25,000 and larger accounts the Terms set the threshold at 2% of the account size. The home page shows a minimum payout of $500 for the 2 Step $25K account, which matches.
The Terms say initial payouts are made after a 14-day period, with later payouts processed within 7 days. The home page describes payouts "every 14 days, followed by subsequent payouts every 7 days". The Trading Rules page adds that the first payout needs the funded account to be held for at least 14 days and traded on at least 5 days. The Terms say FundedBull may adjust the payout schedule.
Only accounts that have not been breached are eligible, even if gains remain after a breach. Trading is locked from a payout request until the payout is executed. After a payout, the Terms say the maximum drawdown limit resets to the initial account balance, and they recommend keeping part of the profit in the account if you plan to keep trading. Profits are calculated after any applicable fees, commissions and other costs.
The Terms say FundedBull uses trading infrastructure from Gooey Trade, operated by GT Tech LLC, to offer cTrader, MatchTrader and DxTrade, and that all trading must take place on these platforms. The home page lists DXTrade, MatchTrader and cTrader, with TradeLocker marked "Soon", and mentions TradingView charts and no download required.
The leverage table in the Terms names five asset classes: forex, indices, metals, oils and cryptocurrencies. We did not see a full instrument list.
Its Terms of Use name RATERIGHT PTE. LTD., a company registered in Singapore, with a registered office at 68 Circular Road, #02-01, 049422, Singapore. The Terms are governed by the laws of Singapore. The support email given is support@fundedbull.com, and the contact page says to expect a response within 24 hours on weekdays.
The site footer says RateRight Pte. Ltd. "does not engage in regulated activities and exclusively focuses on Demo Trading Education, not requiring authorization by regulatory authorities", and that it does not provide brokerage services or hold investor funds. The footer also says its services involve simulated demo accounts for educational purposes.
The Terms describe this differently in places: they say funded accounts let users "trade with capital provided by FundedBull" and refer to "opportunities for real trading with funded accounts". The Trading Rules page refers to a "simulated trading environment". We report both wordings; ask the firm if the account type matters to you.
Users must be at least 18. The Terms list 22 restricted countries: Pakistan, Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, Libya, Vietnam, North Korea, Belarus, Myanmar (Burma), Central African Republic, Democratic Republic of the Congo, Ethiopia, Hong Kong, Iraq, Nicaragua, South Sudan, Venezuela and Yemen.
On refunds, the Terms say all payments to FundedBull are final and participation fees are non-refundable.
The About page names Desimir Paskalev as CEO and co-founder and says he brings over a decade of forex industry experience.
FundedBull may suit traders who want a choice of one, two or three evaluation steps with no time limit on the standard challenges, and who prefer a static drawdown (Two-Step and Three-Step). It is a weaker fit for traders who trade around news releases, given the five-minute window on each side, or who want a small number of large winning days, because each of the five minimum days must reach a minimum profit. Traders using automated tools should check the software rules with the firm first.
MyPropGenius Rating:
The rating measures how openly FundedBull discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
The Terms and footer name the operator (RateRight Pte. Ltd., Singapore) and say it offers simulated demo accounts. The Terms state clearly that all payments are final and fees are non-refundable. The only payout evidence we found on the firm's own pages is a single undated homepage testimonial showing a paid-out amount; we did not find a payout list, certificates or totals. We could not establish how long it has operated: we found no Internet Archive (Wayback Machine) copy of fundedbull.com, its pages give no founding or launch year, and the operator is a Singapore company we did not look up.
Its Transparency Index score is 51/100 (Mixed). We do not verify payouts or test accounts; this is what the firm’s own pages show.
Check the current rules and prices on the firm's own website before you buy.
We have no commercial relationship with FundedBull. Links to its website are not affiliate links.
FundedBull's Terms set out one-, two- and three-step challenges with no time limit, a 90% split on standard plans and payout thresholds by account size. The trade-offs are a five-day minimum with a minimum daily profit for a day to count, a news window of five minutes either side, and lower splits on Lite and promotional plans. We could only see one price, so check the checkout for current fees before buying.
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Find my matchThe Terms give traders 90% on standard plans. Lite plans pay 50/50 and the promotional plan pays 20%.
The Terms list an unlimited trading period for the One-Step, Two-Step and Three-Step challenges. The promotional plan is the exception: 14 calendar days.
News trading is permitted, but trading is prohibited from five minutes before to five minutes after news events. The Trading Rules page applies this to challenge accounts; the Terms do not limit it.
The Trading Rules page says after holding the funded account for at least 14 days and trading on at least 5 days. The minimum profit share is $200 on $5,000 and $10,000 accounts and 2% of the account size on larger accounts.
The Terms name cTrader, MatchTrader and DxTrade. The home page lists TradeLocker as coming soon.
Its Terms of Use name RATERIGHT PTE. LTD., a company registered in Singapore.