If you have a question, you would like answered, please take the time to look through our ever growing library of answers. If you still can’t find what you are looking for, either email our support team; go to out Discord chat; or post the question at the bottom of the page.
Welcome to the FAQ section of OFP. In this section, you will find a variety of questions that have been asked by traders past and present, all of which have been answered by the OFP team. These questions might be relating to the complex, i.e. trading activities prohibited by OFP, to the slightly more simple, i.e. how to login to your MT4/MT5 account. Regardless, OFP has taken the time to answer these questions, in order to make your experience with us more enjoyable. To further help you in answering your questions and giving you a better understanding of answers, OFP has gone above and beyond, by introducing FAQ answer videos, where one of our team members, Tom, takes the time to answer your most asked questions in detail, giving examples and easily worded answers, for all traders and clients to benefit from.
OFP is the world leading instant funding prop firm, giving any trader the chance to be funded up to £5M risk-free. OFP is enrolling dozens of thousands of traders each month, creating new opportunities in the Trading Sector. OFP is recognized as one of the most transparent companies in the forex industry providing a high-quality service to all of their clients.
Yes, it is registered in London, and is fully compliant with all UK law. The registered address is 71-75 Shelton Street, London.
OFP provides daily and monthly testimonials and statistics about their traders. Interviews and reviews are posted daily on the official channels. All OFP traders have the possibility to chat in the “Discord” channel sharing their daily experience with everyone. Furthermore, OFP is also a branch OverviewFX Ltd, a U.K. company registered in London and fully compliant with all UK law.
Set up in early 2021, we aim to take a different, more trader focused approach. We are certainly serious and aim to change the educational trading sector.
OFP is more trader focused. We don’t force you to jump through verification challenge hoops; we allow trading during the news; have 40% profit split; and we smash the industry average pay-out rate (2%) with our own 34%.
We not only run a discord chat where you can talk with other clients, but OFP is running a program of interviews with successful clients in order to try and better portray the OFP trading experience. You can also see our reviews on trust-pilot.
At the moment, you can hold any number of accounts, as long as the total sum of money being managed doesn’t exceed:
100k 26% Instant monthly account
100k Instant supercharged account
100k 40% Instant monthly account
With the scaling plan you can manage a maximum of £5M per trader.
Yes, Overview Funding Program is part of OverviewFX Ltd, a limited company based in London, and is subjected to UK law.
It gives the trader more control. You are allowed to trade more as you wish, whilst we protect ourselves as loosely as possible. You are eligible for payouts with real money from the very first day, made possible with our lack of verification challenges.
Yes, you will earn 10% of any sale. Go to THIS LINK to find out more.
No, OFP is more than happy to have clients from all around the world.
Anyone can purchase an OFP account and become an OFP trader instantly after they receive their account credentials.
Yes, OFP today counts dozens of thousands of beginners and professional traders. OFP gives anyone the possibility to use the service.
We believe that a lack of capital should not be a barrier to entry into the Forex markets. Too often only the wealthiest can become wealthier through them. We believe that everyone should have the opportunity to become independent and wealthy, regardless of their starting position.
Once you make the purchase, you will receive the credentials instantly through your e-mail. Once you’ve received the credentials, you can start trading immediately.
OFP offers Demo accounts so you will not have the problem to risk real money. However, if the trader is profitable OFP have an in-house trading team that trades and they reserve the right to mirror consistent traders, trading on an OFP account that fits the criteria of the Master Trading Account.
Yes, every trader that reaches a payout will also receive a “certificate of payout”.
At the moment, you can hold any number of accounts, as long as the total sum of money being managed doesn’t exceed:
The maximum allocation capital, achievable with the scaling plan, is £5M per trader.
We offer 3 different account types:
The leverage on all account types is 1:100
Currently we have MT4, MT5 and Web terminal available.
All our accounts are lifelong
At this current moment no, however if you have two or more accounts you may Copy trade between them. Please refer to “Can I do copy trading” FAQ
No, as an OFP client, you are not eligible for losses. As part of the terms, if you breach the 5% daily and 10% total drawdown rules, your account is automatically terminated. This is as much to protect us as it is to protect you.
Yes. The overall capital under your control cannot exceed:
So, the number of accounts must be such that this limit is not exceeded.
We are based in the U.K. and we use UTC as a time zone. This means that our analysis can be shifted to another time zone with respect to what you see on your trading platform.
No, if the trader breaches a rule the account is suspended and cannot be recovered.
Accounts are averagely sent in 1 hour; however, the account credentials might be sent in a maximum of 24 hours.
You can have as many accounts as you want, as long as the overall capital allowance does not exceed:
We use ICMarkets broker. It is considered the forex world leader broker.
Yes. ICMarkets is regulated by: CySEC, ASIC, FSA
OFP, trading with ICMarkets as a broker, has the best spreads, swaps and commissions currently available on the market.
YES, we do. With the scaling plan, the maximum allocation capital per trader is £5M. Go to THIS LINK to find out more.
No, OFP doesn’t ask for any profit target in order to withdraw your profits.
If the trader is in profit, they have the possibility to withdraw the profits:
After that the client communicates the withdrawal method they desire, OFP take an average of 7h to deliver the payout depending on the withdrawal method, being the fastest in the forex industry.
Yes, you can pay with cryptocurrency in the checkout phase of the purchase. You can also reply to the pay-out email with your wallet address, and we will pay you in LTC. Bear in mind that any fee linked to the chosen network will be deducted from your pay-out. The minimum crypto withdrawal is $25.
OFP accepts credit/debit cards, bank wire, and crypto.
We pay through bank wire, PayPal and crypto (LTC).
We have an in-house trading team that trades, and they reserve the right to mirror consistent traders, trading on an OFP account that fits the criteria of the Master Trading Account.
Unfortunately, not, the person who purchased the account needs to trade on the account.
The accounts are not on subscription. Both the monthly and the supercharged accounts are lifelong
OFP is not responsible for client’s taxation. Each OFP trader needs to speak with their personal accountant to avoid government sanctions.
The Client is entitled to a full refund minus any transaction fees in the eventuality that the Client did not perform any trading operation on the new account and no more than 4 days have been passed from the purchase.
There are some rules that you need to follow in order to show us you are a consistent trader. They are there for your and our protection. Go to THIS LINK to find out more.
No, you cannot use an Expert Advisor when trading. Using one will result in account suspension.
Yes, we allow copying trading only between OFP accounts. You are not allowed to copy trades from your personal and/or other prop accounts to an OFP account. If you copy from any third-party account, your account will be suspended immediately! Please contact our support team and provide them with the following details and wait for approval before you begin copy trading across your accounts: 1. Your account numbers, also let us know which is the master account. 2. Which of the two software you will use FX Blue or Trader Social Tools.
We welcome all trading styles that can be replicated in Live market conditions. Trading styles that are deemed as “Cheating” on demo accounts are not permitted. Below is a list of styles prohibited within our program: Gap trading, latency arbitrage, long-short arbitrage, reverse arbitrage, reverse/opposite account trading, hedging, Tick scalping/trading, Martingale Trading and news straddling methods. Although this list does not include all tactics that can violate our trading policies, these are the most frequent ones we have observed traders trying to take advantage of demo accounts. If any account is seen to be using unfair strategies or an unrealistic trading style their account will be suspended.
Yes, trading during news is permitted, however news straddling methods are prohibited as this is not replicable in Live market conditions.
Yes you may stack or have re-entries when your strategy permits.
Yes, you can hold trades during the weekend.
No, you can keep your positions overnight.
Yes, they are both allowed.
No, we do not have a consistency rule. However, we expect our traders to use sound risk management hence we have introduced a gambling policy to ensure every trader that receives a payout deserves it. Being profitable is not the goal of trading. Being continuously profitable is far more important. We must continue to adhere to the Gambling Policy since our objective is to distinguish professional traders from ordinary traders and to fund them. We strongly advise against having a gambling mindset. This Policy will never impose any restrictions on you, and it will also protect you from any negative outcomes as it enforces sound risk management
Yes, you can hold your trades during the weekend.
YES, it is. As long as you stick within the rules, you will have the account forever. You will get your payouts every 4 weeks, and the account will keep growing.
YES, as long as you stick within the rules.
YES, you can.
If you are not profitable, this is OK. As long as you don’t break the 5% daily and 10% total drawdown rule, you will keep the account, even if you are making a loss.
No, you need to wait our confirmation email to withdrawal your profits.
It depends on the rules. If you break certain rules, i.e. opening and closing a trade within 60 seconds, you do not lose the account, but any profits that you do make will not be considered in pay-outs. On the other hand, if you break some of the core rules, i.e. drawdowns and trading days, then the account will be suspended.
However, this does change with the scaling plan, which can see your “initial” account balance increase to £5m.
YES, it is. As long as you stick within the rules, you will have the account forever.
Whenever you choose the supercharged account, keeping in mind that the week in which you withdraw will determine what percentage of the profits that you get to keep.
Yes, once the profits are withdrawn, the trader can continue using the account.
Depending on the rule, your account will either be closed, or the profits from the rule breaking trade will not be counted in the pay-out.
Overall, you can buy accounts totaling 100k. However, this does change with the scaling plan, which can see your “initial” account balance increase to £5m.
You can choose between MT4, MT5 or the Web terminal available via Icmarkets website. It all depends on your preference.
Yes, you can use both MT4 or MT5.
No, if you change your password your account will be immediately disabled.
Yes, you can trade from any device that support MT4 or MT5.
No, the account password is personal and cannot be shared with anyone. If we notice multiple people trading the account, the account will be immediately disabled.
40% Monthly Account
26% Monthly Account
40% Supercharged Account
OFP Fidelity Program
OFP Affiliate Program
Glossary
MetaTrader 4
MetaTrader 5
OFP Charity