Does Funded7 pay out?
The verdict, the risk score and the figures behind them.
Real positives and real negatives coexist here.
Funded7 does pay, but the evidence that it pays is thinner than the firm's marketing implies, and a cluster of denial complaints from late 2025 sits on the exact mechanic its terms still permit.
- The operator is real and checkable: ICHIBAN TECH LTD, HE 470329, registered in Cyprus on 25 January 2025, status active, with Todor Georgiev named as director on the registry itself and as CEO on the website.
- We could evidence one dated, attributable payout (2 March 2026, same-day, on a giveaway account) against four dated payout-refusal reports clustered between September and December 2025.
- Unusually for this industry, the risk rules are published as actual numbers: a lot-size threshold of MIN(median x 2.5, Q3 + 1.5 x IQR), a profit-quality score of 0.90, and scalping bands at 2 and 3 percent of trade count.
- The terms still allow amendment at any time without notice, and compliance is reviewed when a payout is requested, with voided profits able to trigger a retroactive loss breach.
- A USD 10,000 monthly withdrawal cap applies regardless of account size, so the headline 500K account cannot pay out at the rate it suggests.
Risk breakdown
Six axes, each scored 1-10. Higher means more risk.
Six axes, scored 1 to 10, where a higher number means more risk. Being unregulated is normal for a prop firm and is not scored against them.
- Identity & transparency4/10
Entity and director verified on the Cyprus registry and matched to the named CEO, but the About page headcount and the homepage review figure do not hold up, and no document says which of the three entities owes a payout.
- Payout6/10
One dated payout artefact against four dated refusal reports on a single platform, clustered before a published rule change, plus a hard USD 10,000 monthly cap; a short history rather than a finding of failure.
- Terms & rug-pull risk6/10
Retroactive amendment without notice, compliance reviewed at payout, voided profits able to trigger a loss breach and a gag clause on complaints, heavily offset by published numeric thresholds and tiered rather than terminal consequences.
- Trading conditions3/10
Simulated execution stated plainly in the Terms with no live-trading pretence, platforms named, the XM arm clearly separated; small deduction for self-hosted MT5 pricing and the news-trading contradiction.
- Reputation6/10
Polarised Trustpilot at 3.1 with a 43 percent one-star tail, a tracked score and review-count decline, no Reddit footprint at all, and a terms clause that discourages public complaints.
- Operational & social4/10
Discord and Facebook active this week and X sizeable, offset by a LinkedIn dormant roughly seven months after a weekly cadence, a three-video YouTube channel and a 13-follower TikTok.
Payout reality
Whether the money actually arrives, and what we could evidence.
Money does leave Funded7, but the public trail is one artefact deep and the refusals we found are better documented than the payments.
- What we could evidence: a Trustpilot review dated 2 March 2026 from a named trader in Nigeria stating he had just received his first prop-firm payout and that he requested and received it the same day. That is one dated, attributable artefact. A second, dated 9 March 2026, praises the payment system but names no amount or date, so we did not count it.
- What we could not evidence: the aggregate claims. The firm's LinkedIn milestone post claims 76.2 million JPY paid to traders between August and December 2025; its Facebook page claimed 1,000,000 USD paid on 2 September 2026; the homepage runs a carousel headed 'real people, real payouts'. None of these carry a date, an id or a trader we could verify, so all are claims.
- What we found against it: four dated payout-refusal reports, all on Trustpilot, clustered 15 September to 26 December 2025. Three describe the same mechanic: a withdrawal request on a funded account refused for an all-in or lot-size breach that the trader says was not written in the rules at the time, followed by an account reset. Funded7 replied to each, but with a request for details rather than an explanation.
- Why the date of that cluster matters: the complaint was that the size rule was undefined, and the firm has since published it numerically under its OREF framework, which also abolished profit confiscation for minor breaches. We found no comparable refusal report after December 2025. The one negative review since, on 3 May 2026, concerns the 2 percent promotional-account cap, which is disclosed in the terms.
- The structural ceiling: withdrawals are capped at USD 10,000 per calendar month regardless of account size, and anything above that may be deferred to later months at the firm's discretion.
- Coverage note: Reddit carries no discussion of this firm at all, and the Discord payout channel cannot be read without joining, so the single strongest source in this industry is closed to us. One artefact is a short history, not a finding of failure.
How the program works
The evaluation, the funded phase and what the firm keeps.
A buyer pays a one-off, non-refundable fee for an evaluation. Nothing is a deposit and nothing is returnable once the first trade is placed.
- Five formats: Two Phase, Two Phase NEO, One Phase, Instant Funding and Pay As You Grow, in sizes from 5K to 500K. A 15K Two Phase runs about USD 119 at list; a 500K PAYG costs USD 599 for phase one and USD 2,746 in total if you reach funded.
- Targets and limits: 8 percent for phase one and 6 percent for phase two, 5 percent maximum daily loss, 10 percent maximum total loss, static drawdown, minimum 3 active trading days and 10 closed trades, no time limit.
- Paid add-ons loosen the rules for a surcharge: an extra 5 percent total loss for plus 50 percent of the fee, an extra 5 percent daily loss for plus 100 percent, double leverage for plus 20 percent.
- Profit split: 80/20 standard, 90/10 with the add-on, but 50/50 on any free, giveaway or competition account, where the payout is also capped at 2 percent of starting balance and the cycle stretches to 30 days.
- Payouts every 7 days from the last withdrawal, minimum USD 100, by Revolut, bank transfer or ETH/USDC, with a stated one business day turnaround. Requesting one closes all open trades and puts the account into read-only until it clears.
- Platforms: MT5 on the firm's own infrastructure, plus cTrader. Allocation is capped at USD 1,000,000 per person.
Who they are
The company behind the brand, and where it is registered.
- Brand: Funded7 (also styled F7)
- Legal entity: ICHIBAN TECH LTD, the entity named first in the Terms and in the site footer as owner and operator. Two further entities are disclosed: SUCCESSIO LTD (Seychelles, 245758) and FUNDED7 LTD (Saint Lucia, 2025-00900)
- Registered: ICHIBAN TECH LTD, HE 470329, incorporated 25 January 2025, status Registered, registered office Kyrillou Loukareos 40, Kato Polemidia, 4156, Limassol, Cyprus
- Website: funded7.com, with a client area at my.funded7.com and a Japanese edition at funded7.com/ja
- Founded: 2025, consistent across the About page, the registry entry and the trade-press coverage of the launch
- Team disclosed: Yes. Todor Georgiev (CEO, co-founder), previously COO of the CySEC-licensed broker Traders Trust and before that FXGlobe, and Sakis Kalogirou (CMO, co-founder). Georgiev appears as the sole registered director of ICHIBAN TECH LTD
- Where it accepts traders from: 80-plus countries claimed. Fifteen jurisdictions are barred from registering, trading and receiving payouts, including Cyprus itself and the United States
Company on record
The legal entity named in the terms, as found on a public registry.
- Legal name
- ICHIBAN TECH LTD
- Registration number
- HE 470329
- Jurisdiction
- Cyprus
- Incorporated
- 2025-01-25
- Registered address
- Kyrillou Loukareos 40, Kato Polemidia, 4156, Limassol, Cyprus
- Registry
- Cyprus Department of Registrar of Companies and Intellectual Property (DRCOR)
Why this verdict
How the findings add up to this verdict.
Real positives and real negatives sit side by side, and neither cancels the other.
- The identity holds up completely. The Cyprus registry returns the entity named in the Terms, active, incorporated on the date the firm claims, with the CEO named on the About page listed as its director. That is as good as this industry gets.
- The rulebook is better than the norm. Publishing MIN(median x 2.5, Q3 + 1.5 x IQR) as a lot-size test removes the undefined consistency rule that is the single most common payout-denial route in prop trading. So does replacing termination with demotion to a lower risk tier.
- But the denial machinery is still there. Compliance is reviewed when a payout is requested, not when trades are placed. Profits from voided trades are removed while losses stay, and the firm documents that this can retroactively push an account through its maximum total loss. Above that sits a right to amend the terms at any time without notice.
- The payout record is one artefact against four refusals. The refusals are single-platform and predate a published framework change, which is why this is not HIGH_RISK. One payout is not enough to call it verified either.
- Two firm-published figures do not survive checking. The About page claims 25 team members; the company's own LinkedIn page states 2 to 10 employees and lists two. The homepage advertises '1k+ reviews (4.8 of 5)' with no source or link, against 49 Trustpilot reviews at 3.1.
- Nobody official has acted. We found no warning-list entry, enforcement action or order naming this firm, this domain or any of its three entities.
Counterpoints
The strongest case in their favour, and what would change our mind.
The case in their favour
The honest case for Funded7 is stronger than its Trustpilot score suggests.
- It is one of a small minority of prop firms whose operating entity can be pulled up on a national registry and matched, name for name, to the person it puts on its About page. Todor Georgiev's prior role as COO of a CySEC-licensed broker is documented in trade press independent of the firm.
- It publishes its risk thresholds as arithmetic. A trader can calculate in advance whether a position breaches Rule 1A or the scalping bands. Most competitors publish the word 'consistent' and nothing else.
- Its OREF framework explicitly abolished confiscating legitimate profits for minor violations and replaced account termination with demotion to a 2 or 1 percent risk tier. That is a firm removing a weapon from its own hand, and the timing lines up with the complaints it received.
- Provision 11 states in plain terms that all trading is simulated and the funds are fictitious. There is no live-execution pretence anywhere on the challenge side, and the XM cashback arm is disclosed as the client's own money at XM, with an explicit statement that Funded7 neither holds nor controls it.
- It has a published dispute ladder with actual deadlines, 5 business days then 10, joined The Prop Association in June 2025, and its founder sits on that body's membership council.
- The community is alive: a Discord of 4,878 members with 99 online, a Facebook post yesterday, an X account of roughly 4,800 followers. Nothing here looks like a firm winding down.
What would change our mind
Specific, checkable things, in both directions.
- Upward: two or more dated payout artefacts from independent purchased-account traders naming an amount and a method, posted after September 2026. A publicly readable Discord payout channel with dated certificate ids. Removal or narrowing of the right to amend the terms without notice. A stated appeal route specific to a payout refused on a risk-rule finding.
- Upward: the About page headcount and the '1k+ reviews (4.8 of 5)' figure either substantiated with a source or corrected. Both are easy fixes and their persistence is the finding.
- Downward: any new payout-refusal report on a purchased funded account after December 2025 citing a rule the trader could not have calculated in advance. That is the one thing that would show OREF changed the wording and not the conduct.
- Downward: the same refusal pattern appearing on a second independent platform, which is what would turn a moderate signal into a pattern under our standard.
- Downward: the Discord going quiet, the Facebook cadence stopping, a warning-list entry naming funded7.com or any of the three entities, or the storefront continuing to discount heavily while payout complaints rise.
Evidence ledger
Every finding behind the verdict, with its source.
- In favour
E1Cyprus registry returns ICHIBAN TECH LTD, HE 470329, private company, incorporated 25 January 2025, status Registered with no pending filings, and lists TODOR GEORGIEV as director and Rafaela Andreou as secretary. Ties the entity named in the Terms to the person named as CEO on the site.
- In favour
E2Rule 1 publishes the consistency test as arithmetic: allowable trade size is MIN(median x 2.5, Q3 + 1.5 x IQR), profit-quality score at or above 0.90, minimum 3 active days and 10 closed trades, and a Rule 1A breach carries no strike but a demotion or deferral. Removes the undefined consistency mechanic that is the industry's main denial route.
- Against
E3Compliance is reviewed when a payout is requested. Minor violations void the profits from the offending trades while losses remain; major violations mean payout rejection and immediate termination. No appeal specific to that decision is described.
- Against
E4Four dated payout-refusal reports on Trustpilot between 15 September and 26 December 2025, three describing the same mechanic: a withdrawal on a funded account refused for an all-in or lot-size breach the trader says was not published at the time, followed by an account reset. Firm replied to each without addressing the substance. Overall score 3.1 from 49 reviews with 43 percent one-star.
- In favour
E5One dated, attributable payout: a named reviewer in Nigeria on 2 March 2026 states he received his first prop-firm payout from Funded7 and that it was requested and paid the same day. The only payout artefact we could evidence.
- Against
E6Terms reserve the right to update, modify or replace any part of the Terms at any time without prior notice, place the binding trading rules in the FAQ rather than the contract, cap withdrawals at USD 10,000 per month with excess deferred at the firm's discretion, and provide for forfeiture of accrued profits and permanent blacklisting for prohibited practices.
- In favour
E7Provision 11 states all market orders and execution occur in a simulated environment, that any funds provided are fictitious and cannot be withdrawn, and the site notice states the company does not accept client funds and does not function as a broker. Checkout offers challenges only, with no live-account option, and MQL5 returns no broker server for the brand. Confirms a pure prop model with no deposit rails at the firm.
- Against
E8The company's own LinkedIn page states company size 2 to 10 employees and lists two, while the About page claims 25 team members and over 25 professionals. The same page's last post is roughly seven months old after a weekly cadence through December 2025 and January 2026, and it carries the unverifiable claim of 76.2 million JPY paid to traders from August to December 2025.
ModerateFunded7 LinkedIn company page - Against
E9The homepage hero advertises 1k+ reviews at 4.8 of 5 as unlinked, unattributed static text, with no platform named. The only independent review corpus we could find for this domain is 49 Trustpilot reviews at 3.1, and a third-party tracker records the score falling from 3.80 to 3.00 and the review count from 75 to 48.
- In favour
E10Funded7 joined The Prop Association on 23 June 2025 under the domain www.funded7.com, and founder Todor Georgiev was appointed to its membership council. Industry self-governance rather than regulation, but a real accountability tie to a named body.
Official channels
Official accounts and the captures we archived.
Official channels
Audience size and the latest post we could see, captured on the review date. A prop firm usually goes quiet before it stops paying, so an inactive channel is worth noticing.
What we captured
Screenshots taken by WIKILIX on the review date. Pages change; these do not.
Questions about Funded7
The questions traders actually ask about this firm.
Yes, but the public proof is thin. We could evidence one dated, attributable payout, on 2 March 2026, paid the same day it was requested, on a giveaway account. The firm claims far more, including 76.2 million JPY paid between August and December 2025 and one million USD in total, but those are unverifiable aggregates. Against that one artefact sit four dated reports of withdrawals refused between September and December 2025.
Simulated, and the firm says so plainly. Provision 11 of the Terms states that all execution is in a simulated environment, that any funds provided are fictitious and that you have no ownership of them. This is the industry norm and is not a criticism; the payouts come out of the firm's evaluation-fee revenue, which makes its solvency your counterparty risk.
Yes, and unusually it is published as arithmetic rather than as an adjective. The Rule 1A allowable trade size is MIN(median x 2.5, Q3 + 1.5 x IQR) of your own history, and a profit-quality score of at least 0.90 is required. Breaching it is not treated as a violation: it moves you to a lower risk tier or defers the payout rather than terminating the account.
The firm's own documents disagree. The plan tables and the checkout state that news trading is allowed. Provision 8 of the Terms says trading that resembles gambling, including consistently placing trades before news releases, will not be tolerated. Assume the Terms govern and do not build a strategy around news events here.
The operating entity is Cypriot but Cypriot residents cannot buy a challenge or receive a payout. That is a common structure for prop firms in EU jurisdictions where the model's regulatory treatment is unsettled. It also means any binding mediation under the dispute policy happens in a jurisdiction where you cannot be a customer.
Yes, and this is its strongest point. ICHIBAN TECH LTD, registration HE 470329, appears on the Cyprus company registry as an active private company incorporated on 25 January 2025, with Todor Georgiev listed as director. That is the same person named as CEO on the website. Two further entities are disclosed, in Seychelles and Saint Lucia.
The monthly withdrawal cap. Withdrawals are limited to USD 10,000 per client per calendar month regardless of account size or performance, and anything above that may be deferred to later months at the firm's discretion. A 500K account earning well cannot be drawn down at the pace the headline suggests.
Yes, in part. The firm reviews compliance when a payout is requested. For minor breaches only the profits from the offending trades are voided and the payout proceeds if at least USD 100 remains. Major breaches mean payout rejection and immediate termination. Note that voiding profits can retroactively push the account through its maximum total loss, because that limit is measured on compliant equity only.
No, Funded7 takes no deposits. The XMTrading arrangement announced on 13 February 2026 is a separate cashback referral programme: you open your own account at XM with your own money and earn daily rebates. Funded7 states it does not hold, manage or control those funds and is not acting as a broker. It has no bearing on your challenge account.
Not that we could find. We checked for warning-list entries, enforcement actions and site-blocking orders naming the brand, the domain funded7.com or any of the three disclosed entities, and found nothing. Being unlicensed is the normal, expected condition for a prop firm and is not a finding in itself.
What we would do
What we would do with our own money.
Treat this as a young firm that has probably learned something, not as a settled one.
- Size the first purchase as a test, not a position. Buy the smallest account that suits your strategy and take a payout early. Do not commit to a 250K or 500K challenge before you have personally seen money arrive.
- Read Rule 1A, Rule 2 and Rule 3 before your first trade and work out your own thresholds. The lot-size test is a moving median of your own history, so your compliant size shrinks if you start small and scale up.
- Do the arithmetic on the monthly cap. USD 10,000 per calendar month applies to every account size. If your plan needs more than that out per month, this is the wrong firm regardless of everything else.
- Complete KYC before you need it. Verification failure is stated grounds for denying access to services and payouts.
- If you are in the United States or Belarus, do not buy. Both are selectable in the checkout country list, but Provision 9 states residents of those jurisdictions are not eligible for payouts under any circumstances.
- Keep your own records. The terms bar you from publishing your correspondence with the firm and reserve its right to publish your name if you go public, so screenshot your trade log, your payout requests and every reply as you go.
- Do not treat a giveaway or competition account as representative. Those pay 50/50 and are capped at 2 percent of starting balance on a 30-day cycle.