What Fundora is, and who runs it
Fundora is an evaluation-style prop firm based in Japan. You pay a fee, pass a trading test on a simulated account, and then trade a larger simulated account while keeping a share of the profit.
The operator is a company called Quantum Fund Traders Inc. Its official legal disclosure under Japan’s Specified Commercial Transactions Act, together with its company profile page, names Goya Ito (伊藤 豪哉) as representative director and gives the head office as Kamiyacho Trust Tower 23F, 4-1-1 Toranomon, Minato-ku, Tokyo 105-0001. A Tokyo corporate registry record shows the company was registered in November 2024. So unlike many offshore prop firms, you can actually point to a registered legal entity here.
Fundora went live on 19 March 2025. That date comes from the firm’s own first-anniversary announcement, published 19 March 2026, which states it started that day as Japan’s first evaluation-style prop firm. Some third-party sites still say February 2025; the date that matches the official announcement is 19 March. It markets itself as Japan’s first domestically owned and operated prop firm, says it built a pre-launch waitlist of around 4,000 traders, and cites backing from a partner called CrossGuard. The interface comes in Japanese and English, with support over LINE and a Discord community. In plain terms, this is a firm built first for Japan-resident, JPY-minded traders, with English bolted on.
How the evaluation works
Fundora uses a two-step evaluation. A one-step option is also referenced in its materials, so confirm which paths are open when you buy.
For the two-step path:
- Phase 1: reach an 8% profit.
- Phase 2: reach a 5% profit.
Both phases share the same risk rules, and there is no time limit. You do have to trade on at least 3 separate days in each phase. Because there is no deadline, a fast trader could in principle clear each phase in as little as three days, but there is no pressure to rush.
“Two-step” simply means you prove yourself twice before reaching a funded account. The trade-off is the usual one: a longer test is harder to pass, but it also filters for traders who can stay consistent rather than get lucky once.
Trading rules: targets, daily loss, and drawdown
The risk limits are the part that fails most people, so read them carefully.
- Maximum daily loss: 5%. Lose more than 5% in a single day and you fail.
- Maximum overall loss: 10%. Drop more than 10% below your starting point at any time and you fail.
The drawdown is measured statically, against your initial account balance. Both the home page and the official trading-rules guide describe the maximum daily loss as 5% of the initial account balance and the maximum overall loss as 10% of the initial account balance, with no mention of a trailing basis that ratchets up as profits grow. That is the friendlier of the two models: a trailing drawdown tightens your room after a good run, while a static one stays where it started.
The measurement time is documented too. Under the terms of service, both loss percentages are calculated from your equity at 06:00 Japan time in summer (07:00 in winter), and unrealised profit and loss counts. If you hold positions overnight, the floating loss at that moment feeds into the check. For how much the two models differ in practice, see trailing vs static drawdown.
Pricing and account sizes
These are the standard prices announced in Fundora’s official news post of 5 March 2026, across six named tiers:
| Plan | Initial demo capital | Standard price (JPY account) | Standard price (USD account) |
|---|---|---|---|
| Entry | JPY 2.5M | ¥26,999 | $177 |
| Lite | JPY 5M | ¥36,999 | $224 |
| Growth | JPY 10M | ¥66,999 | $444 |
| Standard | JPY 20M | ¥99,999 | $666 |
| Professional | JPY 40M | ¥249,999 | $1,666 |
| Master | JPY 60M | ¥449,999 | $2,999 |
Two notes on price. Our own firm record previously carried a “from $89” floor and a $2,133 ceiling; both were out of date. The current range after the March 2026 revision is $177 to $2,999, and Professional moved from $1,299 to $1,666. Be careful with the older figures still sitting on third-party sites.
Also, the official plan screen can show a discounted price during a campaign, so check on the purchase screen whether the price you see is the standard one or a promotional one.
On account size, the headline figure is a maximum funded capital of JPY 60,000,000, roughly USD 400,000. That is not a per-account cap. Article 3-2 of the terms of service caps the combined initial virtual capital of all demo accounts you hold at the same time at JPY 60,000,000 on a JPY-account basis — in other words, it is a per-person aggregate, and USD accounts are counted at their JPY equivalent. So you cannot simply stack many large accounts to multiply your exposure.
Platform, commissions, and leverage
Fundora runs on cTrader only. There is no MT4 or MT5. If you rely on a MetaTrader expert advisor or a custom MT indicator, it will not transfer, so factor that in before you buy.
Commission is USD 3 per side, which works out to about USD 6 per round-turn standard lot. This applies across asset classes: FX, metals, indices, energy, crypto, and stocks. Commission is a real cost that eats into thin scalping edges, so include it in your own math rather than looking at the spread alone.
Maximum leverage is reported at up to 1:50. Verify the exact leverage per instrument on the official site, since it often varies by asset class.
Profit split, rewards, and payouts
The profit split is fixed at 80%. Under Japan’s simulated-funding model, this is framed as an information-provision fee rather than a literal share of live profits. There is no scaling plan that pushes the split above 80%, so what you see is what you get.
The payout schedule on the Pro account works like this:
- Your first payout can be requested after 28 days of funded trading.
- After that, payouts run on a 14-day cycle.
- If you do not meet the payout conditions in a cycle, the payout is automatically pushed back by 14 days.
Processing time is reported at roughly 2 to 3 business days, but treat that as indicative and verify it on the official site.
There are also reward caps. The first reward is capped at up to 10% of your initial account balance and the second at up to 15%. Once you have taken two rewards on a Pro account you move to the Maximize stage, where the official description removes the cap relative to your initial balance. The 10% overall and 5% daily loss limits still apply throughout. In short, the same risk rules that govern the evaluation keep applying once you are funded.
Reputation and track record
This is where a clear-eyed view matters most.
Fundora has no Trustpilot profile for fundora-trading.com. There is a page at trustpilot.com/review/fundora.fr, but that belongs to an unrelated French company (fundora.fr) and has nothing to do with this prop firm. Do not mistake one for the other.
On the rating board at TradersUnited, Fundora shows a 6.95/10 score with zero member reviews as of mid-2026. A score with no underlying reviews tells you very little.
The bigger point is operating history. Fundora launched in March 2025, which makes it a young firm. There is no long-run, independently verifiable payout track record yet. The firm states it has no known compliance issues or legal disputes, and the registered Tokyo entity is a genuine plus for transparency. But “new and clean” is not the same as “proven over time.” For context on why survival is the dominant risk in this industry, see our prop firm shutdown history and the broader regulation and legality picture.
Verified facts at a glance
These figures come from Fundora’s own materials and our firm data. Rules change often, so always verify current rules on the official site before you pay.
- Operator: Quantum Fund Traders Inc. (Kamiyacho Trust Tower 23F, 4-1-1 Toranomon, Minato-ku, Tokyo); representative director Goya Ito (伊藤 豪哉). From the official legal disclosure and company profile.
- Launch: 19 March 2025. From the official first-anniversary announcement of 19 March 2026.
- Evaluation: two-step (Phase 1 target 8%, Phase 2 target 5%); a one-step option is also referenced. Verify on the official site.
- Risk limits: 5% maximum daily loss, 10% maximum overall loss; minimum 3 trading days per phase; no time limit. Verify on the official site.
- Drawdown method: static, measured against the initial account balance; checked on equity at 06:00 Japan time in summer (07:00 in winter), unrealised P&L included.
- Profit split: fixed 80%, with no scaling above it. Verify on the official site.
- Maximum funded capital: JPY 60,000,000 (about USD 400,000). Not per account: it is the combined cap across all accounts you hold at once, per person (terms of service, article 3-2).
- Platform: cTrader only; no MT4 or MT5. Verify on the official site.
- Commission: about USD 3 per side (around USD 6 per round-turn lot), all asset classes. Verify on the official site.
- Leverage: up to 1:50. Verify on the official site.
- Challenge pricing: six tiers from $177 (Entry) to $2,999 (Master), as revised on 5 March 2026.
- Payouts: first after 28 days, then every 14 days. First reward capped at 10% of the initial balance and the second at 15%; after two rewards the Maximize stage removes that cap. Processing about 2-3 business days. Verify on the official site.
Pros, cons, and who it fits
What works in Fundora’s favor:
- A genuine, registered Tokyo entity, which is more transparency than many offshore firms offer.
- A Japanese-language interface, LINE support, and JPY-friendly framing for Japan-resident traders.
- Clear, simple core rules: 8%/5% targets, 5% daily and 10% overall loss, no time limit.
- Loss limits are static, tied to the initial balance, so the bar does not move up as you profit.
What to weigh against it:
- It is new (launched March 2025), with no long-run payout track record yet.
- cTrader only, so MetaTrader strategies do not carry over.
- No per-instrument spread table appears on the official public pages.
- The split is capped at 80% with no scaling, and commission of about $6 per round-turn lot adds up for active traders.
Fundora fits a Japan-resident trader who values a local, identifiable operator and a cTrader workflow, and who is comfortable being an early user of a young firm. If your priority is a long, independently verified payout history, you may prefer to wait or to compare against more established names.
Verdict: is Fundora worth it in 2026?
Fundora is a real, registered Japanese firm with sensible, easy-to-understand rules and a cTrader-first setup that suits its home market. That is a more solid foundation than a lot of anonymous offshore competitors start from.
The honest reservation is time. Launched in March 2025, it simply has not yet built the long, public payout record that lets you trust a firm through a full market cycle. The 80% split with no scaling, and the absence of a published spread table, are also worth pricing in. If you go ahead, start small, read the live terms in full, and verify every number on the official site.
Compare Fundora against the field in our data comparison, and read our methodology for how we assess firms. This article is informational only and is not investment, legal, or tax advice.
Two long-running firms to compare against
If a long track record is what you want, two firms in our data meet “10+ years and Trust: High.”
FTMO — the largest operator’s record
In operation since 2015, FTMO has continued to publish industry-leading cumulative payouts, including through the 2024 shakeout.
The5%ers — a 10-year veteran
In operation since 2016, an instant-funding pioneer for traders who prefer to skip the evaluation.