Fondeo is a prop firm, based in Sheridan, Wyoming, USA. Markets: Crypto. Evaluation types: 1-step, 2-step. Published fees start at $49; account sizes run from $5K to $200K. Profit split: 70% up to 90%.
No public discount code on the firm's site at last check.
Verdict
Fondeo scores 6.8/10, ranked #26 of 52. Its strongest area is cost (10.0, driven by fee per $1K of account); the weakest is track record (4.0). Best fit: crypto traders who want an exchange-style setup, traders on a budget, traders who want frequent withdrawals. Missing inputs (track record) score 4/10 by rule.
For
Split can reach 90% (see scaling terms)
Low cost per $1K of buying power: $3
Daily / on demand payout cycle on the headline plan
First payout possible after 1 days
Positions can be held over the weekend
3 platforms to choose from
Challenge fee refunded: Challenge fee refunded with first profit split (One-Step/Two-Step only, not Subscription); terms otherwise say all payments are final and non-refundable once trading started
Against
News trading restricted on some programs
Trailing drawdown (static max loss; daily loss trailing from intraday equity high) on the headline plan
Has a consistency rule (check which phase it applies to)
Founding year not published
Rules at a glance
Challenge types
1-step, 2-step
Fees from
$49
Cheapest per $1K
$3
Account sizes
$5K, $10K, $25K, $50K, $100K, $200K
Profit target
10%
Daily loss limit
4%
Max drawdown
6%
Drawdown type
static max loss; daily loss trailing from intraday equity high
Min trading days
10
Consistency rule
Evaluation only: no single day >40% of total profit; also min 50% win rate in evaluation. Not applied on funded accounts.
Account type
Crypto exchangeSells crypto perpetual (USDT pairs) evaluations traded on Bybit demo via API or on Fondeo's own Terminal with live exchange data; MT4/MT5 not supported. Source
Markets
Crypto
Platforms
Bybit
Fondeo Terminal
TradingView
Leverage
up to 1:100
Restricted countries
Not listed
Trustpilot
4.3 / 5 from 7 reviews
Fees by account size
One-time evaluation fee per program, as listed by the firm. The cheapest option at each size is marked.
Account
One-Step
Two-Step
Subscription
$5K
$119
$89
$49
$10K
$219
$159
-
$25K
$399
$299
-
$50K
$539
$399
$150
$100K
$799
$599
$300
$200K
$1.4K
$999
-
Costs beyond the fee
Reset / retry
Subscription: account resets on failure while subscribed (no separate reset fee published); no reset price published for One-/Two-Step
Fee refund
Challenge fee refunded with first profit split (One-Step/Two-Step only, not Subscription); terms otherwise say all payments are final and non-refundable once trading started
Time limit
Unlimited
Activation fee
None
Minimum payout
100
Scaling plan
Every 4 months if profitable: +25% account size; max account $1,000,000 USDT, total capital across active accounts max $200,000; split +5% per 4 months to 90%
+5% every 4 months funded: 70% (0-4m), 75%, 80%, 85%, 90% from month 16; Subscription accounts 50% rising to 70%
Payout cycle
On demand (daily possible); first payout 1 calendar day after first funded trade; must withdraw once profit hits 5% cap
First payout (days)
1
Payout methods
USDT, USDC
KYC before payout
Required
Trading conduct
News trading
Restricted
Weekend holding
Allowed
EAs / bots
banned
Copy trading
Not published
Hedging
cross-account hedging banned
Max risk per trade
3% of initial balance (stop-loss mandatory within 5 minutes)
Inactivity rule
Account may be closed after 90 consecutive days with no trading
Programs
One-Step 1-step
Profit target
10%
Daily loss
4%
Max drawdown
6%
Profit split
70% up to 90%
Min days
10
Drawdown static (max loss from initial balance); daily loss trailing from day's equity high
Account
Fee
Per $1K
$5K
$119
$23.8
$10K
$219
$21.9
$25K
$399
$15.96
$50K
$539
$10.78
$100K
$799
$7.99
$200K
$1.4K
$7
Two-Step 2-step
Profit target
10% / 5%
Daily loss
5%
Max drawdown
10% (Phase 2: 5%; funded: 10%)
Profit split
70% up to 90%
Min days
10
Drawdown static (max loss from initial balance); daily loss trailing from day's equity high
Account
Fee
Per $1K
$5K
$89
$17.8
$10K
$159
$15.9
$25K
$299
$11.96
$50K
$399
$7.98
$100K
$599
$5.99
$200K
$999
$5
Subscription 1-step
Profit target
10%
Daily loss
4%
Max drawdown
5%
Profit split
50% up to 70%
Min days
10
Drawdown static (max loss from initial balance); daily loss trailing from day's equity high
Account
Fee
Per $1K
$5K
$49
$9.8
$50K
$150
$3
$100K
$300
$3
Is Fondeo legit?
Evidence level: Limited (1/6). Publishes 90% of the fields we track. The firm reports "$1M+ Total Rewarded" on its homepage (checked 31 Oct 2026). Full evidence check.
Complaints about Fondeo
Traders can report a payout, rule or refund problem with Fondeo. We check the evidence, give the firm 7 days to respond, and show the result here.
0Received
0Verified
0Resolved
0Unresolved
No verified complaints yet. Nothing has been reported to us about Fondeo so far.
Nothing counts against its PA Score from complaints right now. Only verified complaints the firm has not resolved within 7 days count, for 12 months.
Fondeo lists a profit split of 70% up to 90% (+5% every 4 months funded: 70% (0-4m), 75%, 80%, 85%, 90% from month 16; Subscription accounts 50% rising to 70%), per its website as of 2026-10-31.
How much is the cheapest Fondeo challenge?
The lowest published fee is $49 for a $5K account (Subscription).
What are Fondeo's drawdown rules?
Daily loss limit: 4%; maximum drawdown: 6% (static max loss; daily loss trailing from intraday equity high).
How often does Fondeo pay out?
Payout cycle: On demand (daily possible); first payout 1 calendar day after first funded trade; must withdraw once profit hits 5% cap. First payout eligible after 1 days.
Which platforms does Fondeo support?
Bybit, Fondeo Terminal, TradingView.
Can you trade the news with Fondeo?
Partly. News trading is restricted on some programs or windows; check the firm's rules page.
Does Fondeo refund the challenge fee?
Challenge fee refunded with first profit split (One-Step/Two-Step only, not Subscription); terms otherwise say all payments are final and non-refundable once trading started.
Is there a time limit on Fondeo challenges?
Unlimited.
Can you reset or retry a failed Fondeo challenge?
Subscription: account resets on failure while subscribed (no separate reset fee published); no reset price published for One-/Two-Step.
Can you trade crypto with Fondeo?
Yes: execution on Bybit demo account connected via API, or Fondeo Terminal (in-house, TradingView charts, live exchange data); Cleo coming soon; leverage up to 1:100. Full crypto terms: propanalyse.com/crypto/fondeo/.
Is Fondeo legit?
We score firms on published data, not opinions. Fondeo has a PA Score of 6.8/10 and a Trustpilot rating of 4.3. Check the rule history on this page for recent changes.
Embed Fondeo’s PA Score
Run Fondeo? Put this badge on your site. It is generated from our dataset, so it updates by itself whenever we re-verify, and it always shows the verification date. Embedding it, or not, never changes the score. Stars are the score divided by two.
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Data notes. Operator: Red G Tech LLC (Wyoming reg. 35-2900121), registered-agent address 30 N Gould St, Sheridan WY. Prices are the list prices embedded in the homepage challenge data (USD; account capital in USDT); subscription is per month. No promo/discount code seen. One-Step and Subscription rules taken from docs (One-Step 4% daily/6% max; Subscription 4%/5%); the raw homepage challenge config still shows older values (10% daily/max for one-step, 6% max for subscription), so docs used. Two-Step: P1 10% target/10 days, P2 5% target/5 days/5% max loss; funded 5% daily/10% max. Extra eval rules: stop-loss mandatory within 5 min, max 3% risk per trade, min order size 5% of balance, min 3 trades per counted day, day P&L must be outside ±1%, 50% min win rate. Payout cap: max 5% of initial balance per payout, excess above 5% forfeited; balance resets after withdrawal. Challenge fee refunded with first split (not for Subscription). Founded year not stated (Trustpilot profile claimed May 2025; terms dated June 2025). Red flags: homepage claims '5.0 from 200+ reviews' and shows testimonial/payout cards with repeated names, but Trustpilot shows 4.3 from only 7 reviews, all May 2025, 0 in last 12 months. Homepage claims $1M+ total rewarded (unverified). Cleo platform 'coming soon'. Bybit is the exchange; Terminal uses live exchange data.