Verdict. FundedBull suits nobody today. Its marketing site is polished and live, but the subdomain carrying its price table, login, dashboard and payout request — my.fundedbull.com — returned HTTP 522 on every path we tested on 25 August 2026, and was last archived working on 6 March 2026. You cannot buy a challenge, sign in, or request a withdrawal. Traders holding funded accounts should treat access as the immediate issue and read the refund clause below.

Key terms, as FundedBull publishes them

• Account sizes: $5,000 to $250,000, per section 4.1 of the Terms of Use (checked 25 August 2026).
• Only price published on the live site: a 2-Step $25,000 account at $189, shown struck through to $152 under a sitewide evaluation discount banner. No other price is reachable anywhere.
• Profit targets: 9% on the 1-Step; 8% then 5% on the 2-Step; 6% in each of three phases on the 3-Step (Terms 4.1.1–4.1.3).
• Maximum loss: 6% on the 1-Step and it is trailing; 8% static on the 2-Step; 7% static on the 3-Step. Daily loss limit 3% on the 1-Step, 4% on the others.
• Profit split: 90% headline — but 50/50 on Lite plans (Terms 5.7.1) and 20% to the trader on the discounted plan (Terms 5.6.3).
• Payouts: first request after 14 days on the account and 5 trading days, then every 7 days (Trading Rules).
• Minimum payout: $200 on accounts of $10,000 or less; 2% of account size above that — $5,000 on a $250,000 account (Terms 5.2.1).
• Leverage: 50:1 forex, 10:1 indices, metals and oils, 2:1 cryptocurrencies (Terms 4.8.1). Accounts closed after 15 days of inactivity (Terms 6.1.17).

What happens when you try to buy a challenge today

Every commercial action on FundedBull runs through one host. The homepage’s only “Buy Challenge” call to action, the dashboard link in the navigation, and the login route all point at my.fundedbull.com. It is the sole FundedBull-owned hostname referenced anywhere in the homepage markup.

On 25 August 2026 that host returned Cloudflare error 522 — origin unreachable — on every path we requested: the root, /en, the sign-in route, the challenge listing and a health-check endpoint. We repeated the test eight times across roughly fifteen minutes. In the same loop, cloudflare.com, fundedbull.com itself and this publication all returned HTTP 200 from the same machine, so the fault is not local and not a general Cloudflare incident. It is specific to FundedBull’s application origin.

The outage is not new. The Internet Archive’s last successful capture of my.fundedbull.com is dated 6 March 2026, covering the sign-in, password-reset, challenge and registration routes. There is no capture after that date. The brochure site kept being archived normally afterwards — 16 March, 20 April and 11 May 2026 — which is the clearest available evidence that the storefront and the application parted company some time after early March.

We also checked whether the platform had simply moved. It has not: app, dashboard, client, portal, trader, platform, secure and account subdomains of fundedbull.com have no DNS records at all.

None of this is hidden from a visitor by design, but none of it is visible either. The homepage still reads “Ride the Bull Market with Our Capital and Always Keep 90% of the Profits”, still runs a sitewide evaluation discount banner, and still presents a working-looking purchase button. A trader arriving from a search result or an affiliate link has no way to tell that the button leads nowhere until they click it.

One detail is worth correcting, because it circulates as evidence of the outage and is not. The homepage advertises “Up to $0k Funding Size” and “$0 Today: +5.77%”. Those zeroes are hard-coded in the served HTML, not blank values returned by a failed API call. They are placeholder text that shipped to production and was never replaced — sloppiness rather than symptom. The refund page is headed “Refund Polict” and carries an H1 reading “Terms of Use”, which points the same way.

The 90% profit split its own terms contradict

FundedBull’s central marketing claim is an unqualified one: “Always 90% Profit Split” with, in the site’s words, no add-ons. Its own Terms of Use describe two plan families where that is untrue.

Section 5.7.1 states that “Lite plans come at a lower cost but offer a 50/50 profit split”, and works the example through: on a $1,000 profit the trader keeps $500. Section 5.6.3, governing a discounted one-step plan, is starker — “the customer to receive 20% of the profits generated during the challenge. FundedBull retains the remaining 80%.” The same section imposes a 14-day completion limit, which sits directly against the homepage’s “No Time Limits” promise and the “Trading Period: Unlimited” line in the challenge parameters.

This pattern — a headline split that a subsidiary clause quietly reduces — is not unique to FundedBull. We found the same structure at ICFunded, where the advertised 80/20 only begins after the first payout. What is unusual here is the size of the gap: 90% in the marketing, 20% in the contract.

Payouts: what is published, and what cannot be verified

The published mechanics are clear enough. A first payout can be requested after 14 days on the account and five trading days; subsequent requests run on a seven-day cycle. Trading is locked on the account from the moment a payout request is submitted until it is executed. Only accounts that have not breached are eligible, “even if there are trading gains available on the account following a breach”.

Two clauses deserve more attention than they get. First, Terms 5.2 states that on processing a payout “the maximum drawdown limit will reset to the initial account balance” — so taking money out removes the buffer that profit had built, and the firm’s own advice is to leave some behind. Second, the refund policy reserves a unilateral exit: “FundedBull reserves the right to issue refunds at our discretion during both the Challenge and Funded stages. This may occur if a trader’s strategy does not align with our risk appetite or for any other internal policy reasons.” Read plainly, a profitable funded trader can be handed back a fee instead of a profit split, at the firm’s discretion, for undisclosed reasons. The same policy bans chargebacks, and reserves the right to claw back “all profit split payments” already paid plus legal costs if one is filed.

What we could not verify is more important than what we could. FundedBull publishes no payout totals, no audited figures and no payout proof of any kind. Its Trustpilot profile could not be independently checked — the site blocked every request we made — and the figures quoted by review aggregators are mutually inconsistent, with at least one describing a different domain, so we have discarded them rather than repeat them. The only payout evidence on the site is a single testimonial attributed to “Luka S.”, $1,430 on a $25,000 account, which is firm-published and unverifiable.

Independent signals are thin and stale. The official Telegram channel’s last post is dated 14 November 2024, to 64 subscribers. The Discord server is still up with roughly 2,268 members but only 29 showing online. Prop Firm Match carries FundedBull in its unlisted firms section rather than its active directory. We found no announcement of a shutdown, a maintenance window or a migration on the website or any linked social account, and no response to the question of whether funded accounts still exist. The firm may be dormant, mid-migration or winding down; on the public evidence it is not possible to say which.

The rules that fail traders

FundedBull markets itself on having “no hidden rules or tricky tactics”. The rulebook is more discretionary than that suggests.

Term 6.1.11 expects traders to “follow the 2% rule, which stipulates that no more than 2% of their account equity should be risked per trade” — a hard number that appears nowhere in the marketing. Term 6.1.10 prohibits “opening positions with sizes that are noticeably larger or smaller than those of the Customer’s other trades”, with no threshold attached to “noticeably”. The “Replicability in Trading Approach” clause requires that strategy, risk management and execution during the challenge be reproduced on the funded account, and the Terms version adds that a trader’s style and choice of assets “should align with those of your most profitable day” — a consistency rule in substance, with no published percentage. Compare that with Funding Pips, which at least states its consistency rule as a number.

There is also a plain internal contradiction in the minimum-trading-day rule. Both the Trading Rules page and Terms 4.1 state that a day counts only if it contributes “at least 0.5% of the profit target goal”, then illustrate it with a $100,000 account needing “a minimum profit of $500 on a certain day”. But $500 is 0.5% of the account, not of the 8% target — 0.5% of the target would be $40. The rule and its own worked example differ by a factor of 12.5, and which one a trader is actually held to is not stated.

Term 6.1.5 bans arbitrage in eleven named forms including statistical, volatility and pairs-trading arbitrage; 6.1.4 prohibits “artificial intelligence” and high-frequency execution; news trading is barred five minutes either side of an event. Taken together these clauses give wide latitude to void an account after the fact.

How the published terms compare

Term	FundedBull	FTMO	Funding Pips	ICFunded
Account sizes	$5,000–$250,000	$10,000–$200,000 (to $2m scaled)	$5,000–$100,000	$5,000–$500,000
Entry cost	$152–$189 (only price reachable)	€79–€1,080	from $29	from $74
2-Step targets	8% then 5%	10% then 5%	8–10% then 5%	10% then 5%
Max loss	8% static (6% trailing on 1-Step)	10%, trailing on 1-Step	10% static	8% step 1, 10% step 2, static
Daily loss	4% (3% on 1-Step)	5% (3% on 1-Step)	5%	4% step 1, 5% step 2
Profit split	90%, but 50% Lite and 20% discounted	80%, 90% scaled	60–95%	80% after first payout
Minimum payout	$200, or 2% of account size	$20 bank, $50 crypto	Not tiered by size	14-day cycles
Checkout reachable, 25 Aug 2026	No — HTTP 522	Yes	Yes	Yes

Regulatory posture: an education marketplace, not a financial firm

FundedBull is a trading name of RATERIGHT PTE. LTD., registered at 68 Circular Road, #02-01, Singapore 049422. The company appears in the Accounting and Corporate Regulatory Authority’s entity dataset on data.gov.sg under UEN 202417695M, a local company registered on 3 May 2024 and currently listed as registered.

The classification is the striking part. The entity’s primary activity code is SSIC 63203 — online marketplaces for education services — with a secondary code in SSIC division 85, education. Neither is a financial-services classification, and RateRight holds no licence from the Monetary Authority of Singapore. The firm does not dispute this. Its own footer states that it “does not engage in regulated activities and exclusively focuses on Demo Trading Education, not requiring authorization by regulatory authorities”, that it “does not provide brokerage or trading services, nor does it hold custody of investor funds”, and that “our services involve simulated demo accounts within a trading environment for educational purposes”.

That last sentence matters for anyone reading the word “funded” literally. Terms 4.9.1 hedges it differently, referring to “opportunities for real trading with funded accounts” while calling a significant portion of the service educational. The two statements are not easily reconciled, and the firm publishes nothing that would settle it — no broker relationship, no segregation statement, no evidence of live capital. Trading infrastructure is supplied by a third party, Gooey Trade, operated by GT Tech LLC, across cTrader, MatchTrader and DXtrade. Services are barred to residents of 22 jurisdictions including Hong Kong, Russia and Iran.

This is the ordinary condition of the sector rather than an aberration — we set out where the perimeter actually falls in our analysis of prop firm regulation across the CFTC, FINRA and MiFID, and of how regulators have closed in on retail prop trading. The consequence is specific though: with no regulator, no licence and no custody obligation, a trader whose platform stops responding has no supervisory body to complain to.

Founder and chief executive Desimir Paskalev spent over a decade at the retail broker XM before launching the firm in mid-2024. Speaking to Finance Magnates on 8 August 2024, he described the sector he was entering in terms that read differently two years on: “It remains relatively immature in several areas, including regulation, technology, and management. This immaturity often leads to operational issues, with some firms failing to manage client funds properly or going out of business due to mismanagement.”

Frequently asked questions

Can I buy a FundedBull challenge right now?
No. The checkout sits on my.fundedbull.com, which returned HTTP 522 on every path and every attempt we made on 25 August 2026. The homepage’s purchase button still appears functional and still displays a discount banner, but it routes to an origin that has been unreachable since at least early March 2026.

I have a funded account. Can I withdraw?
Not through the published route. Payout requests are made from the dashboard, which is on the same unreachable subdomain. The firm lists a support email address on its contact page, which remains the only channel we could identify. We found no announcement explaining the outage.

Is FundedBull regulated?
No. RateRight Pte. Ltd. is registered with Singapore’s corporate registry under UEN 202417695M but holds no MAS licence, and its primary activity code classifies it as an online marketplace for education services. The firm’s own footer states it does not engage in regulated activities and does not hold custody of client funds.

Is the profit split really 90%?
Only on the main plans. The Terms of Use set the Lite plans at a 50/50 split and the discounted one-step plan at 20% to the trader and 80% to the firm. The homepage’s “Always 90%” claim does not carry those exceptions.

Has the firm shut down?
That cannot be established from public evidence. The company remains registered in Singapore and the marketing site is maintained, but the application has been dark for roughly five months, the Telegram channel has not posted since November 2024, and Prop Firm Match lists the firm as unlisted. Dormancy, migration and wind-down all fit the facts.

What should existing traders do?
Document everything now — account balances, trade history, payout requests and all correspondence, with timestamps — before any further loss of access. Do not pay for a new challenge. Firms in this sector can go from trading normally to gone quickly, as our reporting on a firm that shut down on two days’ notice set out.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.