Introduction
Fondeo review: Fondeo is a US-addressed crypto proprietary trading evaluation platform offering One-Step, Two-Step and Subscription challenge routes with simulated accounts and funded reward accounts. Its current official rules are substantially stricter than the simple homepage headline suggests: One-Step uses a 10% target, 4% trailing intraday daily drawdown, 6% maximum loss and 10 minimum trading days; Two-Step uses 10% then 5% targets, 5% daily drawdown, 10% max loss in Phase 1, five additional verification days and multiple behavioral requirements. Prop Firm Bridge rates Fondeo 35 / 100 with Moderate status.
Fondeo sits exactly at the lower edge of PFB's Moderate band. The current rulebook is detailed and the payout framework is clearly published, but challenge qualification is rule-dense: mandatory stop-loss, 3% max risk per trade, minimum order size, three trades per qualifying day, a daily activity threshold, 50% minimum win rate and a 40% evaluation consistency rule. Funded accounts remove consistency/minimum-day requirements but retain core risk rules.
Bridge Verdict Preview
Fondeo has a transparent but highly restrictive profile. The positive side is unusually detailed public documentation, a published payout schedule, Bybit support, no evaluation deadline and 70%–90% funded split. The downside is that passing requires much more than simply hitting a profit target, and the company reserves manual review for gambling/reckless behavior. This complexity keeps Fondeo at 35/100 Moderate rather than PFB Verified.
TL;DR
- Best for: disciplined manual crypto traders who can follow detailed activity, stop-loss, risk, consistency and win-rate rules.
- Biggest strength: a comprehensive public rulebook and defined funded payout process.
- Main risk traders must understand: many non-obvious evaluation conditions can invalidate an otherwise profitable challenge.
Fondeo at a Glance
| Feature | Detail |
|---|---|
| Firm Name | Fondeo |
| Public Address | 30 N Gould St, STE R, Sheridan, Wyoming, USA |
| Primary Category | Crypto prop trading |
| Account Environment | Simulated evaluation / funded demo accounts |
| Programs | One-Step, Two-Step, Subscription |
| Homepage Funding | Up to $200K |
| One-Step | 10% target / 4% daily / 6% max / 10 minimum days |
| Two-Step | 10% Phase 1 / 5% Phase 2 / 5% daily / 10% P1 max / 5% P2 max |
| Subscription | Same core rules as One-Step; monthly reset model |
| Daily Drawdown Type | Trailing from highest intraday equity under current rules |
| Maximum Loss | Real-time equity based against initial-balance floors |
| Stop-Loss | Mandatory |
| Maximum Risk per Trade | 3% |
| Consistency | 40% during evaluation; none funded |
| Minimum Win Rate | 50% during evaluation |
| Minimum Trades per Qualifying Day | 3 |
| Daily Activity Requirement | Daily P&L must fall outside -1% to +1% for day to qualify |
| Funded Split | 70% starting, +5 points every four months up to 90% |
| First Payout | After 1 calendar day from first funded trade |
| Minimum Payout | $100 |
| Maximum per Payout | 5% profit |
| Payout Methods | USDT / USDC |
| Processing | 12–48 hours |
| Challenge Fee Refund | With first profit split |
| Bots | Not allowed |
| Weekend / Overnight | Allowed |
| News Trading | Restricted around high-impact events |
| KYC | Required before funded stage under current rules |
| Platforms | Bybit and Fondeo Terminal |
| PFB Score | 35 / 100 |
| Star Rating | 1.75 / 5 |
| Risk Status | Moderate |
| Last Audit | 14 September 2026 |
Fondeo Program Comparison
| Program | Targets | Daily DD | Max Loss | Min Days | Consistency |
|---|---|---|---|---|---|
| One-Step | 10% | 4% trailing intraday | 6% | 10 | 40% |
| Two-Step | 10% / 5% | 5% | 10% P1 / 5% P2 | 10 / 5 | 40% |
| Subscription | 10% | 4% | 5% under current detailed table | 10 | 40% |
Ratings Breakdown
Our Take
Fondeo received a 35 out of 100 PFB Score because its documentation is unusually detailed but the challenge design is among the most rule-heavy in the crypto-prop category.
Who This Prop Firm Is For (and Not For)
Fondeo is best for manual traders who already use hard stop-losses, maintain a high win rate, spread profits across many days and can comply with detailed activity rules. It is not a good fit for bots, discretionary no-stop traders, low-frequency systems or traders whose edge arrives in one or two large days.
Risk Profile Compared to Industry Standards
The core drawdown percentages are not extreme by themselves. The difficulty comes from how many independent conditions operate at once: trailing daily drawdown, hard maximum loss, stop-loss obligation, 3% risk cap, 40% consistency, minimum trades, daily activity and win rate.
PFB Verification Signal
PFB reviewed the current official Trading Rules and homepage on 14 September 2026. The rulebook is specific enough to make the product auditable, which is a positive, but it also demonstrates why headline target/drawdown tables alone are insufficient.
Pros & Cons
| Pros | Cons |
|---|---|
| Very detailed public rulebook | Extremely rule-dense evaluation |
| No evaluation deadline | Mandatory stop-loss |
| Bybit support | Trailing intraday daily drawdown |
| First funded payout after one calendar day | 40% consistency during evaluation |
| 70%–90% scaling split | 50% minimum win rate |
| Challenge fee refund on first split | Three trades per qualifying day |
| Weekend/overnight holding allowed | Bots prohibited |
| Scaling plan | Manual gambling/reckless-behavior review |
In-Depth Review & Analysis
Fondeo is a crypto prop evaluation company whose public documentation is far more detailed than its simple homepage pitch. The homepage presents a familiar proposition: complete an evaluation, receive a funded demo account up to $200,000 and earn up to 90% of simulated profits in real money. The full Trading Rules document reveals a much more demanding system.
For search intent such as Fondeo review 2026, is Fondeo legit, Fondeo payout, Fondeo rules, Fondeo drawdown, Fondeo consistency rule, Fondeo Bybit, Fondeo subscription challenge, Fondeo minimum trading days, Fondeo stop loss, Fondeo bot trading and Fondeo scam, the main conclusion is that profitability alone is not enough. A trader can reach the nominal target and still fail to qualify because of consistency, win rate, qualifying-day, stop-loss or activity rules.
Prop Firm Bridge rates Fondeo 35/100 Moderate. The score is just above PFB Failed because the product is active, the rules are explicit and the payout framework is published. The score remains low because the evaluation has many independent failure points and the public evidence base is not strong enough to offset that complexity.
What Is Fondeo?
Fondeo provides simulated challenge accounts and funded reward accounts. Current public materials use a Wyoming office address and market Bybit plus a proprietary Fondeo Terminal.
Traders choose One-Step, Two-Step or Subscription. Passing moves the trader to a funded account where there is no profit target, no time limit, no minimum days and no evaluation consistency rule. Core risk requirements continue.
Fondeo One-Step Challenge
10% Profit Target
The One-Step challenge requires 10% profit. On $50,000 that equals $5,000.
10 Minimum Trading Days
Ten minimum trading days apply. This is not a simple “place one micro trade per day” requirement. A qualifying day must meet Fondeo's activity conditions.
Three Trades Per Day
The current rulebook requires at least three trades on a day that is meant to count toward minimum-day qualification. Each trade must also meet the minimum-order-size rule.
Daily Activity Outside ±1%
The day's P&L must fall outside the -1% to +1% range to count toward the minimum-day requirement. This is unusually restrictive because it forces meaningful daily movement rather than token activity.
A trader who closes at +0.5% may have had a profitable day but may not receive credit toward the required trading-day count.
4% Daily Drawdown
One-Step uses a 4% daily drawdown. The critical detail is calculation: current rules say daily drawdown is calculated from the highest equity point reached during the day. This is a trailing intraday rule.
If a $50K account reaches $53K intraday, the daily reference can rise with that equity high. A retracement can consume daily room even if the account remains profitable versus the morning balance.
6% Maximum Loss
One-Step maximum loss is 6% from the initial account balance, enforced using live equity including unrealized P&L. On $50K, the floor is $47K.
Fondeo Two-Step Challenge
Phase 1
Phase 1 requires 10% profit, 10 trading days, 5% daily drawdown and 10% maximum loss.
Phase 2
Phase 2 requires 5% profit, five trading days and a tighter 5% maximum-loss allowance under the detailed rule table.
This makes the verification stage lower-target but not necessarily easier in every dimension.
Fondeo Subscription Challenge
Subscription uses a monthly payment model rather than one one-time challenge fee. If the account fails, the subscription structure can let the trader continue or reset according to the current product terms instead of purchasing a completely new challenge.
The current homepage lists $49/month for $5K, $150/month for $50K and $300/month for $100K. It describes Subscription as using the One-Step style target/risk concept, while the detailed quick-reference table shows a 5% maximum loss for Subscription. Traders should use the active dashboard as final.
Mandatory Stop-Loss Rule
Fondeo requires a stop-loss on trades. This is not merely recommended risk management.
The current rules provide one soft-breach warning: the first failure to set a stop-loss triggers a warning and one hour to fix it. A second stop-loss violation can become a hard breach and close the account.
Traders who normally use mental stops are poor candidates for Fondeo.
Maximum Risk Per Trade
The current maximum risk per trade is 3%. Risking the full 3% is still aggressive because the One-Step daily limit is only 4%.
A trader losing one full-size trade could have only roughly 1% daily room left before the official boundary.
Minimum Order Size
Current rules require each qualifying trade to meet a minimum order value expressed as 5% of initial balance. This is another reason micro filler trades may not count.
40% Consistency Rule
During evaluation, no single profitable day may contribute more than 40% of total positive profit. The rule does not apply to funded accounts.
If the best day is $2,000, total positive profit must exceed $5,000 for that day to represent less than 40%.
A trader can hit the target but remain unqualified until additional positive days dilute the ratio.
50% Minimum Win Rate
Fondeo's current quick-reference table requires a 50% minimum win rate during evaluation. This can be structurally incompatible with profitable systems that have low win rates but large reward-to-risk ratios.
A strategy that wins 40% of trades with 3:1 winners can be profitable in normal trading and still fail this evaluation criterion.
Maximum Exposure
Current rules allow risk up to 25% of initial challenge balance at one time and cap cumulative open notional position value at two times initial account balance.
These controls are separate from drawdown. A trader can trigger an exposure issue without immediately hitting the loss floor.
Funded Account Rules
Once funded, the profit target, time limit, minimum trading days and 40% consistency rule are removed. Risk-management rules remain.
This is a meaningful improvement, because the funded trader can focus on account preservation rather than qualification.
Fondeo Profit Split
The funded split starts at 70%. Current scaling adds five percentage points every four months of consistent trading, up to 90% after 16 months.
The 90% headline therefore represents the maximum path, not the starting split.
Fondeo Payout Rules
First Payout
Current rules allow the first payout after one calendar day from the first funded trade.
Minimum Payout
The minimum is $100 profit.
Maximum Per Payout
The current rulebook limits each payout to 5% profit. It says once the account reaches 5% profit, the trader must withdraw before continuing to trade.
This is an unusual operational rule and should be planned in advance.
Processing
Payouts are processed in USDT or USDC within 12–48 hours under current rules.
Fee Refund
The challenge fee is refunded with the first profit split.
Scaling Plan
Fondeo's current scaling plan can increase the account by 25% every four months when profitability requirements are met, with a marketed maximum account size of $1 million. The current rules also state total capital across active accounts cannot exceed $200,000, so traders should distinguish a scaled single-account ceiling from aggregate active-cap rules.
Bybit and Fondeo Terminal
Supported platforms include Bybit and Fondeo's own terminal. MT4, MT5 and direct TradingView execution are not supported under current documentation.
Platform choice does not remove Fondeo's trading rules. A feature available on Bybit can still be prohibited by the prop-firm account.
Bot Trading
Bots, automated systems and algorithmic execution are prohibited. Fondeo says challenges are designed to evaluate personal manual trading skill.
News Trading
Trading around high-impact economic announcements is restricted. The public rulebook says traders should avoid opening or modifying positions during major news events.
Weekend and Overnight Holding
Weekend and overnight positions are allowed. This is positive for swing traders, although the mandatory stop-loss and live equity rules remain active.
Account Inactivity
Accounts with no trading activity for 90 consecutive days may be closed.
KYC
KYC is not required to start or pass challenges but is required before trading on the funded account with real-capital/reward access under current documentation.
Soft vs Hard Breaches
The first missing-stop event is a soft breach with one hour to correct it. Drawdown violations, severe/repeated rule breaches or a second stop-loss violation can close the account permanently.
The company also says accounts may be manually reviewed for gambling or reckless all-or-nothing behavior. This introduces a behavioral review layer beyond purely numerical rules.
Is Fondeo Legit?
PFB rates Fondeo 35/100 Moderate. The company has a live product and detailed rulebook. The score is low because challenge success depends on a large number of restrictive conditions, while independent long-term payout/dispute evidence remains limited.
Is Fondeo a Scam?
PFB does not have sufficient evidence to label Fondeo a scam. Its low score should be read as a risk-and-complexity rating, not a fraud accusation.
Fondeo vs Breakout Prop
Breakout has simpler qualification and stronger trust evidence. Fondeo has more restrictive minimum-day, consistency, win-rate and stop-loss requirements.
Fondeo vs HyperPNL
HyperPNL currently has simpler one-step rules with no consistency and no time limit. Fondeo has more mature rule detail and a defined scaling/payout program but much more qualification friction.
Fondeo vs Klein Funding
Both are Moderate. Klein offers more platform/configuration choice; Fondeo publishes a more unified rulebook. Fondeo is stricter on manual behavior and qualifying-day metrics.
Voice Search: Direct Fondeo Answers
“Does Fondeo have a consistency rule?”
Yes during evaluation: no single positive day may contribute more than 40% of total positive profit. The rule is removed after funding.
“Is Fondeo drawdown trailing?”
The daily drawdown is trailing from the highest equity point reached during the day. Maximum loss is measured from initial balance and enforced on live equity.
“How fast does Fondeo pay?”
The first request can be made after one calendar day from the first funded trade; current processing is 12–48 hours in USDT or USDC.
“Does Fondeo require a stop loss?”
Yes. Stop-loss protection is mandatory, with one soft-breach warning for the first violation.
“Are bots allowed on Fondeo?”
No. Automated trading systems are prohibited.
Common Fondeo Mistakes
Counting Tiny Filler Trades as Minimum Days
Qualifying days need three trades, minimum order sizing and sufficient daily P&L movement.
Ignoring the 40% Consistency Rule
A large winning day can delay passing even after the raw target is reached.
Using a Low-Win-Rate System
A profitable low-win-rate strategy may fail the 50% win-rate criterion.
Trading Without a Hard Stop
Fondeo explicitly requires stop-loss protection.
Using the Daily Drawdown as a Risk Budget
Because daily DD trails intraday equity highs, open profit give-back can tighten the floor.
Final Buying Checklist for Fondeo
Confirm challenge type, current fee, target, minimum days, qualifying-day definition, three-trade requirement, daily drawdown formula, max loss, stop-loss rule, 3% risk cap, consistency rule, minimum win rate, max exposure, bot/news restrictions, inactivity rule, funded payout cycle, profit split, KYC and supported platform before purchase.
Conclusion
Fondeo earns 35/100 Moderate because it is transparent enough to avoid PFB Failed, but restrictive enough that traders must treat it as a rules exam rather than a simple profit-target challenge.
For highly disciplined manual traders who naturally satisfy the stop-loss, win-rate, consistency and activity requirements, the funded payout terms can be attractive. For everyone else, the number of independent failure conditions makes a higher-ranked crypto prop firm easier to justify.
Challenge accounts
What this programme asks of you
10%
Profit target
6%
Max drawdown
4%
Daily loss limit
10
Min trading days
70% starting; up to 90%
Profit split
Every rule, stated
Including the ones firms leave off their pricing page.
Payout methods
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Final Verdict
Is Fondeo PFB Verified or Risky for Crypto Traders?
Verdict: Moderate — 35 / 100
Fondeo is exactly at the bottom of PFB's Moderate band. Its detailed public rules and defined payout process are positives, but qualification is unusually restrictive and independent long-term evidence is limited.
Recommendation: only choose Fondeo if your historical strategy already satisfies its stop-loss, win-rate, consistency, minimum-day and activity rules without changing your trading behavior.
User Rating
PFB Score
Frequently Asked Questions
PFB rates Fondeo 35/100 Moderate. It has a live product and detailed public rules, but the evaluation is highly restrictive and independent long-term evidence remains limited.
Current rules use a 10% target, 4% daily drawdown, 6% max loss and 10 minimum trading days, plus additional activity, stop-loss, consistency and win-rate requirements.
Phase 1 uses 10% target, 5% daily drawdown, 10% max loss and 10 days. Phase 2 uses 5% target and five minimum days, with current detailed rules showing 5% max loss.
Yes during evaluation. No single positive day may contribute more than 40% of total positive profit. The rule is removed after funding.
Daily drawdown trails the highest intraday equity point. Overall maximum loss is measured from the initial balance and enforced on live equity.
Yes. The first missing-stop violation gets one warning; a repeated violation can close the account.
3% under current rules.
Yes: 10 days on One-Step and Two-Step Phase 1, five on Phase 2, and 10 on Subscription.
Current rules allow the first request after one calendar day from the first funded trade and process USDT/USDC payouts within 12–48 hours.
70% starting, increasing by five percentage points every four months up to 90% after 16 months under current scaling rules.
No. Automated trading systems and algorithmic execution are prohibited.
Yes, overnight and weekend holding are allowed.
Trading around major high-impact news is restricted.
KYC is not required to start or pass a challenge but is required before funded-stage access under current documentation.
Current rules list Bybit and Fondeo Terminal. MT4, MT5 and direct TradingView execution are not supported.
PFB does not have sufficient evidence to call Fondeo a scam. The 35/100 score reflects rule complexity and limited evidence, not an accusation of fraud.