Research profile
CMC Markets Funded
Simulated prop evaluation branded with CMC Markets and operated by True North Tech L.L.C-FZ (Dubai). Classic 2-Step and Direct 1-Step challenges on $10K–$100K simulated accounts for a one-time fee, on Match-Trader. It was founded in 2026.
Profiled by ProprietaryTrading.com
Things to know (3)
Independent notes from our review. Many firms have some; check the sources for detail.
Medium (1)
- The homepage showed a Trustpilot score that belongs to CMC Markets, not to the funded programme. CMC press release (opens in new tab)
Low (2)
- Run by True North Tech (Dubai free zone) under a CMC brand licence, not by CMC Markets itself. CMC press release (opens in new tab)
- Launched about October 2026; no payout history and one Trustpilot review so far.
- Headquarters
- Dubai, UAE
- Founded
- 2026
- Legal entity
- True North Tech L.L.C-FZ
- Funding model
- Evaluation
- Geographic availability
- Worldwide policy not clearly statedU.S. tradersNot accepted
May suit
traders focused on forex, cfds, prediction markets; traders comfortable with an evaluation phase; traders who want a published scaling path.
Consider alternatives if
you require futures.
Trader rating
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At a glance
Structured facts about this firm
- Firm Type
- Evaluation prop firm
- Market Focus
- Forex, CFDs, Prediction Markets
- Trading Style
- News trading permitted, overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Dubai, UAE
- Geographic availability
- Worldwide policy not clearly stated
- Known For
- Public launch 1 Oct 2026
- CEO
- Benjamin Charbonneau (Managing Director / Head of CMC Funded)
Payout structure
How and when you get paid
Funding programs
Account types and the path to capital
Evaluation
Classic 2-Step
Source (opens in new tab)Two-phase simulated challenge: 8% then 5% profit target, 5% daily loss limit (of each day's starting equity), 10% fixed maximum loss, 3 minimum trading days per phase (none with the add-on), no time limit. Match-Trader, leverage 1:10 to 1:500 at the same price. Challenge fee refunded in full at final pass.
| Account | Fee | Target | Drawdown | Daily loss |
|---|---|---|---|---|
| $10K | $99 | 8% | $1,000 | $500 |
| $25K | $199 | 8% | $2,500 | $1,250 |
| $50K | $299 | 8% | $5,000 | $2,500 |
| $100K | $499 | 8% | $10,000 | $5,000 |
- Profit split
- 80–90%
- Payouts
- On demand
- Max allocation
- $100,000
- Max drawdown
- 10% (static)
- Daily loss limit
- 5%
- Min trading days
- 3
- Platforms
- Match-Trader
Pricing notes
One-time fee $99/$199/$299/$499 ($10K–$100K); add-ons: 90% split +20% of fee, no minimum days +15% of fee; fee refunded at final pass
Direct 1-Step
One-phase simulated challenge: 10% profit target, 4% daily loss limit (of each day's starting equity), 6% fixed maximum loss, 3 minimum trading days (none with the add-on), no time limit. Match-Trader, leverage 1:10 to 1:500 at the same price. Challenge fee refunded in full at final pass.
| Account | Fee | Target | Drawdown | Daily loss |
|---|---|---|---|---|
| $10K | $149 | 10% | $600 | $400 |
| $25K | $249 | 10% | $1,500 | $1,000 |
| $50K | $349 | 10% | $3,000 | $2,000 |
| $100K | $549 | 10% | $6,000 | $4,000 |
- Profit split
- 80–90%
- Payouts
- On demand
- Max allocation
- $100,000
- Max drawdown
- 6% (static)
- Daily loss limit
- 4%
- Min trading days
- 3
- Platforms
- Match-Trader
Pricing notes
One-time fee $149/$249/$349/$549 ($10K–$100K); add-ons: 90% split, no minimum days; fee refunded at final pass
Trading rules
What's allowed, what isn't
Asset classes supported
Not offered: Futures
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Pros & cons
A balanced view based on documented terms
Strengths
- +Associated with listed CMC Markets brand / technology narrative
- +Clear legal separation disclosed in terms (True North vs CMC)
- +Recruitment path via Verichain beyond pure payout marketing
Trade-offs
- −Recently launched, so there is little track record yet
- −Commercial rules unpublished
- −Contract is with Dubai operator — CMC regulation does not cover the programme
- −US eligibility unknown
CMC Markets Funded FAQs
Based on terms reviewed Nov 1
What should traders verify before choosing CMC Markets Funded?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with CMC Markets Funded before purchasing.
Does CMC Markets Funded offer evaluation and instant-funding options?+
CMC Markets Funded offers an evaluation (challenge) path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do CMC Markets Funded's payouts and profit split work?+
The published profit split is up to 80%, 90% with the reward split boost add-on of net profits to the trader, depending on the program; payout frequency: On request from $50 of your share, one request per rolling 24 hours (aim 24 hours; routine dispatch by the end of the second following business day). Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
How does CMC Markets Funded's scaling plan work?+
CMC Markets Funded publishes a scaling ceiling of up to $100,000 through scaling. A scaling ceiling is the maximum allocation reachable over time — not the size of an initial funded account.
What are CMC Markets Funded's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at CMC Markets Funded?+
Platforms: Match-Trader. Markets: forex, cfds, prediction markets. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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