Propreviews – Fxproptech

OFP Review

OFP Review

Pros

  • Great Trustpilot Rating of 3.9/5
  • Single Customizable Funding Program
  • Instant Funding Program With No Profit Target Requirements
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies, Bonds)
  • USD, EUR, and GBP Account Currencies
  • Leverage up to 1:100
  • No Minimum & Maximum Trading Day Requirements
  • Scaling Plan up to $5M
  • Customizable Payouts: Monthly, Bi-weekly & On-demand
  • Profit Share of 26% up to 80%
  • Overnight & Weekend Holding Allowed

Cons

  • Maximum Trailing Drawdown
  • Consistency Rule Measures Trader Value Score

OFP A proprietary trading firm knows the inherent difficulties involved in trading. They have thus come up with a program for real-time funding, and those taking part see a whole list of benefits for help in their trading process. Traders will get huge profits and are free to open a trading account for up to $200,000. They can also enjoy profit splits of up to 80%. This is achieved through trading in various financial assets, for example in pairs, commodities, indices, cryptocurrencies, and bonds.

Who are OFP?

OFP FINTEKNOLOGY LTD is the legal name for this proprietary trading firm, which was incorporated in February 2022. They have their base in London, UK, and are being managed under Ruggero Catalano Rossi Danielli as the CEO. OFP offers traders an instant funding program that may be customized at the discretion of the individual trader while being partnered with Thunder Markets as their broker.

OFP’s headquarters are located at 28 Great Smith Street, England, London, SW1P 3BU.

Who is the CEO of OFP?

Ruggero Catalano Rossi Danielli is the CEO of OFP. NOTE: We are adding more details about the CEO later on. Watch this space!

Funding Program Options

OFP provides its traders with a single funding program option.

Instant Funding

OFP’s Instant Funding gives you the opportunity to work with account sizes that start at $5,000 and go all the way up to $200,000, allowing professionals to find good clients who are profitable, have qualified risk management, and evaluate favorably in both phases of the two-step evaluation process. Instant Funding gives you full leverage up to 1:100 and provides an opportunity to invest in your trading account in USD, EUR, or GBP.

Account SizePrice
$5,000$18.25 up to $166.80
$10,000$25.75 up to 249.60
$25,000$42.75 up to $399
$50,000$87 up to $788.40
$100,000$171.50 up to $1,507.80
$200,000$338 up to $2997

Purchasing Instant Funding grants you a funded account, with no minimum withdrawal requirements. It is only essential that you honor the 3%, 4%, or 5% maximum daily, and 6%, 8%, or 10% maximum trailing loss rules. Your first withdrawal can be either monthly, bi-weekly or on demand when the Trader Value Score has been reached, while all subsequent withdrawals may be submitted on a monthly, bi-weekly, or on-demand basis, depending on the account type you are trading on. Your commission split will depend on the profit that you acquire in your funded account and can be as little as 26% up to 80%.

Instant Funding Scaling Plan

Instant Funding also has a scaling plan. If a trader is profitable and manages to secure a 20% profit within a three-month period, then they will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A developed $100,000 account which resulted in 20% Profit will sum up to be $125,000.

After 3 Months: A validated $125,000 account will be boosted to $150,000, which earned a 20% profit.

After the Next 3 Months: A qualified $150,000 account, which secured a 20% profit, will grow to $175,000.

And so on…

Customizable Instant Funding Trading Objectives

Trading ObjectiveObjective Options
Maximum Daily & Maximum Loss Limits3% Max Daily & 6% Max,4% Max Daily & 8% Max,5% Max Daily & 10% Max
Profit Split26%, 40%, 60%, 80%
Type of PayoutMonthly, Bi-weekly, On-demand
CurrencyUSD, EUR, GBP

Instant Funding Trading Rules & Objectives

  • Maximum Daily Loss – The maximum loss limit a trader can incur in a trading day that won’t breach the account. All account sizes have a max daily loss of 3-5%.
  • Maximum Trailing Loss – The difference between the high point of the drawdown and the low point of the drawdown is used to determine the trader’s trailing loss he or she is allowed to experience without breaching the account. All account sizes have a max trailing loss of 6-10%.
  • No News Trading – Trading is not allowed when high-impact news is being released. It means they are not allowed to place new trades or close off existing ones that pertain to the specified instrument within the 2-minute timeframe both before and after the release of particular news.
  • No Martingale – Traders are not allowed to use any kind of martingale technique in their trading.
  • Consistency Rule – Mandates traders to have uniformity in different aspects such as position sizes, risk management, losses, gains, and more. This means that the performance of the account results should not differ much in their traits. The Trader Value Score measures the consistency of a trader, thus it cannot equal to or more than each of their Max Trader Value Score. It is computed as the total profit of your best trading day divided by the total PnL of your trading period. The Max Trader Value Score differs for each account type. It’s also important to note that a higher Trader Value Score does not cause the account to close. However, it is required to be within this limit to be qualified to make a withdrawal request.

What Makes OFP Different From Other Prop Firms?

OFP Differs from most industry-leading prop firms as they offer only one account type that has an instant funding program; they provide more favorable features, which include access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

OFP‘s Instant Funding has a direct funding account, and traders can bypass the assessment completely, meaning that you can earn from start to finish. There are no withdrawal conditions, only a 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules. In addition to this, you also have no minimum or maximum trading day requirements. Instant Funding also has a special scaling plan, helping traders to control even bigger account sizes. Other than the above, instant funding stands out from the other funding programs within the market since it provides access to instant funding programs, customizable funding programs, no profit target requirements, unlimited trading period, and an opportunity to receive on-demand payouts.

Example of comparison between OFP & FTUK

Trading ObjectivesOFPFTUK
Profit Target❌ (10% For Scaling)
Maximum Daily Loss3%, 4%, or 5%
Maximum Loss6%, 8%, or 10% (Trailing)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%50% up to 80%

Example of comparison between OFP & Funded Trading Plus

Trading ObjectivesOFPFunded Trading Plus
Profit Target
Maximum Daily Loss3%, 4%, or 5%6%
Maximum Loss6%, 8%, or 10% (Trailing)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%80% up to 100%

Example of comparison between OFP & The5ers

Trading ObjectivesOFPThe5ers
Profit Target10%
Maximum Daily Loss3%, 4%, or 5%3% (Daily Pause)
Maximum Loss6%, 8%, or 10% (Trailing)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%50% up to 100%

In conclusion, OFP is different from other industry-leading prop firms since it offers a single account type-an instant funding program. In addition, they also offer a lot of favorable features such as instant funding programs, customizable funding programs, no-profit target requirements, unlimited trading periods, and an opportunity to get on-demand payouts.

Is Getting OFP Capital Realistic?

It’s also important to assess the viability of trading needs once proprietary trading firms are aligned with your forex trading style. While a company may be attractive, with a high percentage profit split on a well-funded account, it would be less practical should they require large monthly profits with minimal maximum draw-down percentages, greatly diminishing the potential for success. There is also the need to analyze time limitations, where an open-ended trading period is relatively better because it would make one not to be strained with time limits. Lastly, one should familiarize oneself with all trading rules in the evaluation stage and subsequent funding stages to avoid unintentionally breaching your trading account terms.

Getting capital from Instant Funding is plausible owing to no profit target requirements coupled with average maximum loss rules as part of the 3%, 4%, or 5% max daily as well as 6%, 8%, or 10% max trailing losses. However, one aspect needs to be highlighted here: no minimum or maximum trading day is required, thereby offering total flexibility with no time constraints, and you are free to trade at your chosen pace. Besides, after creating a profit, individuals are eligible to receive payouts with a favorable profit split of 26% up to 80%.

With all of these factors considered, OFP is highly recommended because you have only one funding program to choose from, which gives you achievable trading goals and qualifying conditions for payouts.

Payment Proof

OFP is a proprietary trading firm founded in February 2022. They have a large number of traders who have achieved funded status and successfully qualified for a profit split.

While trading with OFP and achieving the funded status using Instant Funding, you will be able to earn your first payout at 30 calendar days, 14 calendar days, or on-demand if you meet the Trader Value Score according to which funding program type you choose while purchasing your trading account. However, after your first payout, you will qualify for payouts once you exceed your initial account size every 30 calendar days, 14 calendar days, or on demand. Your profit split will consist of a generous 26% up to 80% based on the profit that you have generated on your funded account. The profit split also depends on the percentage that you choose while purchasing your trading account. About the OFP payment proof, you will find it on numerous websites. One example would be Trustpilot where traders have commented regarding their experience while working with the company and the process by which they successfully received payouts. Another source of payment proof of OFP is their Discord channel, wherein you can find several payout certificates of the most successful traders.

There are examples of Payout Certificate and Payment Proof, respectively, below.

Which Broker Does OFP Use?

OFP They have Thunder Markets as their broker.

Thunder Markets offers cutting-edge technology combined with first-class customer service in order to deliver a trading experience unparalleled in the challenging Forex and financial markets. Built with ambitious traders in mind, the company relies on state-of-the-art trading platforms, stringent security measures, and innovative analytical tools to provide a smooth and efficient trading environment.

As for trading platforms, while you are working with OFP, they allow you to trade on cTrader, TradeLocker, or Match-Trader.

Trading Instruments

As mentioned above, OFP is partnered with Thunder Markets, and they allow you to trade a wide range of trading instruments, including forex pairs, commodities, indices, cryptocurrencies, and bonds with a leverage of up to 1:100, depending on the trading instrument that you are trading.

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDCAD/CHFCAD/JPY
CHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPY
EUR/NZDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NZD
NZD/CADNZD/CHFNZD/JPYAUD/USDEUR/USDGBP/USD
USD/CADUSD/CHFUSD/JPYNZD/USDAUD/SGDCHF/SGD
EUR/DKKEUR/HKDEUR/NOKEUR/PLNEUR/SEKEUR/SGD
EUR/TRYEUR/ZARGBP/DKKGBP/NOKGBP/SEKGBP/SGD
GBP/TRYNOK/JPYNOK/SEKSEK/JPYSGD/JPYUSD/CNH
USD/CZKUSD/DKKUSD/HKDUSD/HUFUSD/MXNUSD/NOK
USD/PLNUSD/RUBUSD/SEKUSD/THBUSD/TRYUSD/ZAR
USD/SGD

Commodities

XAG/EURXAG/USDXAU/AUDXAU/EURXAU/USD
XPD/USDXPT/USDBRENTCOCOACOFFEE
CORNCOTTONOJSOYBEANSUGAR
WHEATWTIXBR/USDXNG/USDXTI/USD

Indices

AUS200DE40F40JP225STOXX50
UK100US30US500USTECCA60
CHINA50CHINAHES35HK50IT40
MIDDE50NETH25NOR25SA40SE30
SWI20TECDE30US2000

Cryptocurrencies

BTC/USDETH/USD

Bonds

EURBOBLEURBUNDEURSCHAITBTP10YJGB10Y
UKGBUST05YUST10YUST30Y

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX0 USD / LOT
COMMODITIES0 USD / LOT
INDICES0 USD / LOT
CRYPTOCURRENCIES0 USD / LOT
BONDS0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
cTraderClick here
TradeLockerClick here
Match-TraderClick here

Education

OFP They provide educational content to their community, which may include video market analysis, twice a week, along with an insightful podcast-the trading mindset that in one way or the other helps traders become a better trader and more comprehend the market. All of these resources are readily accessible through the channels provided by OFP’s Discord and YouTube. Additionally, the content is designed to cover every aspect of trading, from technical analysis to psychological strategies, providing a comprehensive education.

Thirdly, OFP provides all clients with a trader dashboard that has been designed with meticulous detail, allowing for efficient risk management by providing constant access to detailed statistics and objectives. This also provides for live updating to give an enhanced user experience.

OFP Trading Dashboard

Trustpilot Feedback

OFP has gathered a great score on Trustpilot based on their community’s feedback.

On Trustpilot, OFP has a large variety of their community commenting and giving positive feedback regarding their company services. The firm has attained a very good rating of 3.9 out of 5 based on a large pool of 1,701 reviews. In point of fact, 69% of these reviews have awarded OFP the top rating of 5 stars.

In the first example, the client approached OFP They started with a small account, being very cautious to test the waters. They liked the idea of no challenge to open a funded account but that the ‘consistency rule’ has to be met in order to get a payout. The client added that one would want to leave bigger positions on during major market moves but consistency in daily PnL is a better ‘friend in the long run’. They made their first payout with the company and were called at an early hour of the morning to inform them that they had now met the payout threshold, and within two hours was transferred via UK bank transfer in to their account.

The second client had a positive experience with OFP, They praise its instant funding model and realistic trading rules, which offer immense flexibility. They also pointed out that the customer service was excellent they requested a refund on their first account due to personal circumstances, but the firm attended to it swiftly and professionally. The client described OFP as a great firm.

Social Media Statistics

OFP can also be found on numerous social media platforms.

Facebook1,700 Followers & 1,500 Likes
Instagram18,700 Followers
TikTok65 Followers & 696 Likes
Twitter1,226 Followers
LinkedIn1,000 Followers
YouTube2,570 Subscribers
Telegram788 Members
Discord25,159 Members

Customer Support

Live Chat
Emailsupport@ofpfunding.com
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Supported LanguagesEnglish

Account Opening Process

Registration Form – Create an account with OFP by entering your personal information on the registration form and logging into your trading dashboard.

Choose Your Account – Decide on your payout type, currency, account size, daily maximum drawdown, and profit-sharing percentage.

Apply Discount Code – Get 15% off all OFP bespoke funding plans when you use our discount code, FOREXPROPREVIEWS.

Choose Your Payment Method – You have the option of using cryptocurrency or a credit/debit card to get your compensation.

Conclusion

In conclusion, OFP is a well-established and reliable proprietary trading firm that allows the selection of only one funding program, Instant Funding, which is a direct funding program.

OFP’s Instant Funding is a direct funding account through which the primary evaluation can be bypassed completely and earnings in the form of profit splits can start straight away from 26% up to 80%. Traders do not have requirements for profit targets; at most, they have 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules, which are reasonable trading objectives. As regards time constraints, you don’t have minimum and maximum trading day requirements that force you to trade at a certain pace. Lastly, Instant Funding offers a scaling plan, which allows you to increase your initial account balance.

I would refer OFP to anyone who is seeking a legit proprietary trading firm that gives the best trading conditions suitable for various types of people and their unique trading styles. They offer unique qualities to the trade, including instant funding programs with customization available, no profit-targeting, unlimited time to trade, and on-demand pay. Having weighed all that OFP has in store for its users from all over the world, they surely make for a prime selection in the domain of prop trading.

Our OFP review was last updated on 27.09.2024 at 12:32 (CE(S)T).

What do you personally feel about OFP and the services they are offering?
Do they match up with the trading terms and services you have been looking for?

Drop a comment below if you enjoyed our in-depth OFP review

Exit mobile version