Does FundedNaira pay out?
Yes, FundedNaira has paid some traders, but it is a four month old operation with no terms of service at all, and the most recent independent reports say the money stopped arriving. Two named Trustpi…
FundedNaira at a glance
FundedNaira is a proprietary trading firm based in Nigeria.
- Profit split to the trader
- 100%
- programmes, across 12 plans
- 12
On the record
- Based in
- Nigeria
- Platforms
- MetaTrader 5
- Instrument types
- Cfd
- Website
- fundednaira.ng
- Evidence last checked
Get paid by
- Bank Transfer
What FundedNaira sells
12 plans in 12 programmes: 7 instant-funding accounts and 5 two-step evaluations.
- Highest split · ₦100,000 Instant (₦12,000 fee)
- 100%
- Most drawdown room · ₦100,000 Instant (₦12,000 fee)
- 20%
- Fewest minimum days · ₦100,000 Instant (₦12,000 fee)
- 0
Instant funding₦100,000 Instant (₦12,000 fee)Instant funding100%profit split
The rules
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Instant funding₦200,000 Instant (₦24,000 fee)Instant funding100%profit split
The rules
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Instant funding₦300,000 Instant (₦36,000 fee)Instant funding100%profit split
The rules
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Instant funding₦50,000 Instant (₦6,000 fee)Instant funding100%profit split
The rules
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
2-step₦100,000 Challenge (₦4,500 fee)2-step100%profit split
The rules
- Phase 1 target
- 10%
- Phase 2 target
- 10%
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Show 4 moreShow fewer
2-step₦200,000 Challenge (₦8,500 fee)2-step100%profit split
The rules
- Phase 1 target
- 10%
- Phase 2 target
- 10%
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
2-step₦400,000 Challenge (₦16,500 fee)2-step100%profit split
The rules
- Phase 1 target
- 10%
- Phase 2 target
- 10%
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
2-step₦600,000 Challenge (₦25,000 fee)2-step100%profit split
The rules
- Phase 1 target
- 10%
- Phase 2 target
- 10%
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
2-step₦800,000 Challenge (₦33,000 fee)2-step100%profit split
The rules
- Phase 1 target
- 10%
- Phase 2 target
- 10%
- Max drawdown
- 20% · Trailing
- Minimum trading days
- 0
- Payout schedule
- Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
On this programme
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Compare all 12 programmes side by side
| Programme | Type | Sizes | Split | Target | Max drawdown | Daily loss | Min days | Leverage | Fee refund |
|---|---|---|---|---|---|---|---|---|---|
| ₦100,000 Instant (₦12,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦100,000 Instant Premium (₦17,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 15% | Not recorded | 0 | Not recorded | Not recorded |
| ₦200,000 Instant (₦24,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦200,000 Instant Premium (₦34,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 15% | Not recorded | 0 | Not recorded | Not recorded |
| ₦300,000 Instant (₦36,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦300,000 Instant Premium (₦49,500 fee) | Instant funding | Not recorded | 100% | Not recorded | 15% | Not recorded | 0 | Not recorded | Not recorded |
| ₦50,000 Instant (₦6,000 fee) | Instant funding | Not recorded | 100% | Not recorded | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦100,000 Challenge (₦4,500 fee) | 2-step | Not recorded | 100% | 10% | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦200,000 Challenge (₦8,500 fee) | 2-step | Not recorded | 100% | 10% | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦400,000 Challenge (₦16,500 fee) | 2-step | Not recorded | 100% | 10% | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦600,000 Challenge (₦25,000 fee) | 2-step | Not recorded | 100% | 10% | 20% | Not recorded | 0 | Not recorded | Not recorded |
| ₦800,000 Challenge (₦33,000 fee) | 2-step | Not recorded | 100% | 10% | 20% | Not recorded | 0 | Not recorded | Not recorded |
How FundedNaira pays
Traders keep 100% of their profits, paid out by Bank Transfer.
- Profit split
- 100%
- Payout methods
- 1
- Payout schedules stated
- 1
Paid out by
- Bank Transfer
Payout schedules, in the firm’s words
Payout unlocked at 10% profit and capped at 50% profit; withdrawals processed within 12 hours to a Nigerian bank account.
₦100,000 Instant (₦12,000 fee), ₦100,000 Instant Premium (₦17,000 fee), and ₦200,000 Instant (₦24,000 fee) and 9 more
Payout policy
Payouts are requested from the trader dashboard and paid directly to a Nigerian bank account in naira.
- A payout can be requested once the account has reached 10% profit.
- A single payout is capped at 50% profit.
- Withdrawals are processed within 12 hours of the request.
- Payment is sent to the bank account confirmed during identity verification.
Trading above the payout cap is not treated as a rule violation. During payout processing, profit above the current maximum payout limit may be removed under the firm's payout policy.
The firm states that trading profits and affiliate commissions are often released within minutes of approval, and that a trader who has taken a payout receives a fresh MT5 login with the drawdown measurement reset.
What you can trade
Traded as CFDs.
Instrument types
- CFDs
What FundedNaira lets you do
Across all 12 plans, as recorded programme by programme.
- Weekend holdingAllowed on every plan
- Overnight holdingAllowed on every plan
- Stop lossNot required on any plan
FundedNaira publishes a deliberately short rule set that applies across its challenge, instant and premium programs.
- Weekend holding. Positions may be held over the weekend on all programs.
- No daily drawdown. There is no daily loss limit, so there is no daily reset to trade around.
- Very short trades are limited. Trades opened and closed within one to two minutes are not allowed on more than five positions, and the firm asks that trades be held for at least two minutes.
- Account activity. At least one trade should be placed every five days to keep the account active and avoid inactivity restrictions.
- Stop losses. A stop loss is not mandatory, but the firm recommends one, because the loss limit is measured against floating equity while a position is open.
The firm does not currently publish a position on news trading, expert advisors or copy trading.
Consistency rules
A 20% consistency rule applies to instant funding accounts.
A trader's biggest single trading day must not account for more than 20% of total accumulated profit. The firm states the rule exists to encourage steady, disciplined performance rather than a single unusually large trading day.
The firm does not apply a published consistency rule to its two-phase challenge accounts.
Firm rules
FundedNaira applies a single risk rule across its programs: each account carries a maximum loss allowance measured from the highest closed balance, and the account is breached the moment that level is touched.
How the breach level moves. The allowance is a fixed amount set from the starting balance. As closed profit raises the highest closed balance, the breach level rises with it, so profit already banked has to be protected. On a 200,000 naira account carrying a 40,000 naira allowance, the breach level starts at 160,000 naira; once the highest closed balance reaches 230,000 naira, the breach level becomes 190,000 naira.
Floating losses count. The check combines closed balance with open trade profit and loss, so an account can breach without a single trade being closed. If equity touches the breach level while a position is running, the violation stands even if the trade later recovers into profit.
Progression. Reaching the profit target while staying inside the loss limit moves a challenge account to the next phase or to a funded account. Identity verification with bank account details is required before a funded account is issued, and funded traders are given fresh MT5 credentials.
A trader sitting close to the loss limit may request a payout and then receive a fresh MT5 login with the drawdown measurement reset.
Prop firms worth comparing
3 firms from the Wikilix directory set beside FundedNaira: the same country, the same kind of funding, a comparable split, or the best rated on the record.
FundedNaira
This recordWikilix rating 2.0Best split100%Plans12FromNot recordedCombat Capital Markets
Wikilix rating 2.4Best split60%Plans144From$15Alpha Funded
Wikilix rating 3.1Best split100%Plans52From$95PROPIA
Wikilix rating 4.6Best splitNot recordedPlans9From$18
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