[00:02] funding company, has changed virtually all of its rules and its different challenges .  And since I did an analysis and gave my opinion on the
[00:14] funding company some time ago, and now it has made a practically total change, let's look at the new changes, let's look at the new conditions and let's see if it's new conditions and let's see if it's better now or if it was better before.
[00:27] So if you're looking for references and opinions about Orion Funder, about this funding company, stay tuned because I'm going to explain absolutely everything, including the rules.  First, let's look at the differences between the
[00:42] funding company as it was before, with the old rules, and with the rules and conditions that have been put in place today.  To that end, we have a table here that simplifies it quite a bit, although later we will see the
[00:57] challenges themselves and the conditions of the already funded accounts when you manage to get funded and pass those challenges so that you can also see the current rules, but I think it is very interesting to see as a summary in
[01:11] this table to compare the previous generation as they call it, and the conditions and the rules. previous standards versus current conditions and
[01:23] standards.  As you can see, on the left we have the old rules and on the right we have the new rules.  This is a summary
[01:35] so that everyone can see and understand it in a simple way. Firstly, we have to consider that the rules used to be very restrictive.   It is true that with the new updates they have made, the
[01:48] rules are much simpler and are practically very easy to understand.  In the past, there were certain rules that were difficult to interpret, and at certain times, you didn't know if you were
[02:02] doing things correctly based on the rules they stated.  Something they've removed, as you can see here, is a rule that used to be called quick strike. rule that used to be called quick strike. This basically meant that you couldn't
[02:16] close a trade in profit or in the red at stop loss in less than 60 seconds, in less than a minute.  This rule meant that many people couldn't
[02:29] very small movements, because this rule would automatically create a gap in the account, and they've removed that.  News trading is currently enabled in challenge.  It's enabled in any challenge
[02:44] news, although I don't recommend it because that's not trading, that's just hoping for the best, that's not really trading and knowing what you're doing .  And to this day they have allowed it, but with certain
[02:59] conditions that we will see later.  What I can tell you is that in the past, in funded accounts, you had a rule where you couldn't trade 5 minutes before or 5 minutes after the
[03:13] news came out, right?  In other words, if there was news at 2:30 in the afternoon that had a high impact on the dollar, then you those minutes have decreased, they've reduced it to two, so the truth is that it's
[03:29] have to wait 5 minutes before or 5 minutes after or be overly careful if you are inside/were inside an operation.  Currently they have an operation.  Currently they have reduced that time to 2 minutes before and 2
[03:43] minutes after.  The truth is that I think it looks pretty good.  Another rule that I really think it's great they removed, because this one really did generate controversy and you didn't really know what to do or how to know
[03:57] that you were doing it right, was the risk per trading idea.  Previously, with Orion Funded under the old rules in the previous generation, you in the previous generation, you couldn't have more than 3% risk per
[04:11] trade idea.  What was considered a trade idea?  Well, basically, first I remember that there was no time limit, and then they changed it so that you same direction, that is, the same trade idea on the same asset, in a
[04:26] time of 30 minutes, if I'm not mistaken, it was, and today they have removed it and you don't have that risk limit per idea.  The truth is that I think this is very, very good, especially for challenges, since we already know that we have to tighten
[04:40] the screws a little more on the challenges. The profit sharing in some programs, for example, in the instant accounts program, was 50%, as you can instant accounts program, was 50%, as you can see here, and today it is 80% in all
[04:54] others.  This seems very good to me. Here we have two of the most powerful changes that, from my point of view, are the best they have made. Previously, the first withdrawal from your
[05:06] funded account and make your first withdrawal—used to take 30 days. but the first withdrawal was quite expensive and you had to wait 30 days.
[05:18] Today they have lowered that and from the first payment, from the first time you are going to get paid into that funded account, it goes down to 14 days, it is reduced by half.
[05:30] Honestly, I think it's crazy.  And the second most powerful thing, the second best change for me, is also related to the fees, and that is that they give you a the fees, and that is that they give you a 48-hour guarantee.  They promise to
[05:45] give you a 48-hour guarantee when you make your payment.  In other words, when you are going to make a payment, you will request a payment from your funded account.  They have 48 hours to pay you, and if they don't commit to giving you
[06:02] 100% of the profit split, that is, what belongs to you, instead of 80%.  And they also here, of what that challenge cost you .  So reducing the payment time seems amazing to me, honestly, because I remember getting paid by
[06:17] list here.  I've had three withdrawals with them in the last month or so, and I remember that the waiting times for payment were quite long.  Sometimes you had to wait four to six days, especially if it happened on
[06:30] a weekend, and it was quite a hassle. Now, with 48 hours, and if they don't commit to giving you 100% of the profit split and also a refund of the challenge, it seems absolutely crazy, to be honest. And like I said,
[06:43] between the 14-day withdrawal period, reducing the first withdrawal to 14 days from 30, and this 48-hour guarantee, I honestly think it's one of the best changes they've made.  Brutal.  Then they increased leverage.   It
[06:57] used to be 130 and now it's 11, so, well, this is a change that I personally won't notice much because it's not necessary to leverage 100 on your account.  This is for people who are basically betting and not
[07:10] trading.  In other words, if you're using 1 to 100 leverage or need 1 to 100 leverage for your challenge, for your funded account, it means you're going very hard and betting on trades of between 4 and 5% per operation.  And this
[07:24] recommend this.  It's good because it allows you to enter more lots because, as I said, if you use leverage of 1 to 100 it means you're using a lot, a lot of lots for your account and that can turn out either well or very
[07:39] badly.  And most of the time it goes very wrong, as we all know.  There are several types of accounts now, which we will look at now.  For me, I'm now going to give you my opinion on which one is the top and the best.  In the past, there was only
[07:51] one type: the standard one.  And that's it.  And now they've added a standard and a swing trading option, which have different rules that affect both, and the truth is that it's quite good depending on what goals you want to achieve and what kind of trader you are.  And now we're going
[08:07] to analyze it and I'm going to give you my opinion too so you know which one I advise or which one I personally use and recommend.  And the issue of prices. recommend.  And the issue of prices.
[08:22] Which was that you paid 50% of the challenge and if you passed the account you had to pay the other 50% as an activation fee, right? So to speak.  This had both an advantage and a disadvantage.  The advantage was that you did n't invest as much money when
[08:39] buying the challenge, since you did n't know if you were going to move to funded accounts, so buying the challenges was cheaper.  The first payment was made because the second one was more expensive.  OK.  Why was it more expensive?   Let me
[08:51] explain, now there's only one payment, which means that when you buy like with all crowdfunding companies, okay?  When you buy a challenge it costs X, well you pay X and that's it .  Previously you paid 50% upfront
[09:06] to buy it to pass the tests, and if you passed the test you paid the remaining 50%.  That happening?  which was ultimately more expensive, because I remember that when you bought half of a challenge and then completed it and had to
[09:19] activate it, it cost you about 20 or 30% more than other funding companies.  This made the bills more expensive.  Perhaps a more expensive.  Perhaps a funding account, 50% cost you €280 and
[09:32] when you had to activate that account it cost you €560 because you had to pay again.  This would go, as I said, from €560 it would easily go up to €630 or € which is quite high compared to what the fronting companies are charging today
[09:48] .  What have they done? Basically, we're copying the system that Hey, do you pay first?  Passes or no passes?  And that's it.  But this has decreased significantly because nowadays prices are much cheaper compared to
[10:02] what it used to cost to pay for the challenge and then reactivate the account after funding it.  So, well, this is a balance that I practically see as equal because at the beginning it was cheaper, but it is true that if
[10:15] you activated it was more expensive and now it balances it out quite a bit and the final price is much more economical.  Let's go for the challenges.  The first one we have is the challenges.  The first one we have is the Orion, which is the instant account
[10:29] that the Orion funding company has. Basically, it tells you right here, it says instant funding.  What are its rules? Well, since this is an profit objective, meaning you don't have to pass any tests.  This practically
[10:43] gives you your funded account, but it does have certain requirements.  It has a certain requirements.  It has a daily drawdown of 3%, a total drawdown of six, but something curious is that it has trailing lock, which is why I
[10:57] trailing lock, which is why I personally do n't like instant accounts at all.  What does this mean? Basically, the drawdown Basically, the drawdown increases as the balance rises
[11:10] , meaning it follows you.  However, once that trailing reaches your initial balance, it stays fixed and you can start scaling it up. Something else I don't like is that no single trading day can represent more than
[11:25] 20% of your total profits.  This is the 20% best day rule.  In other words, if you make $1,000 in a single day, you've practically blown up your account because you have to build up a huge amount of money, and this will make it
[11:40] This is a rule they impose on withdrawals because, obviously, it's an put limitations on withdrawals, they set certain rules, certain regulations, and for me, the worst
[11:54] of all is this: you can't have good days because if you do, you'll blow up the to withdraw. So you'll practically be forced to
[12:06] make very small daily gains of $100 or $200 , keeping in mind that the trailing profit will follow your stop-loss. Therefore, I don't particularly like instant accounts, but it is true that they have improved considerably
[12:20] compared to what they used to be. Notice that they used to have a 50% 50% of what you earned in your account, and now they've raised it to pretty good, actually.  They've also increased the leverage, and the
[12:36] rewards are now bi-weekly, as we mentioned before.  They were 30 days, so the instant accounts have improved quite a bit, but it's n't like them, but I know that many people make money with them, they make
[12:51] money, because if you maintain small profits, it's true that you're not going to make a withdrawal of $ 2,000 or $5,000 or $6,000, but here the consistency rule, as I told you, won't allow it.  These are the
[13:08] prices: 100,000, 50,000, 25,000, 10,000, and 5,000. And by the way, if 25,000, 10,000, and 5,000. And by the way, if you use the code Belique, you'll always get a discount.  Here you have it, a discount, and you have a discount of almost
[13:21] discount, and you have a discount of almost €60.  This is going to change.  Because? offers.  You might get a 30% discount, a 50% discount, a 40% discount, a 20% discount, or a 10% discount. This keeps changing, so if you 're thinking of trying Orion Funder,
[13:35] I recommend you use my code and see what offer you can get.  And this time, as of today, you would be getting it for €60 cheaper.  Actually, it was pretty good. Let's go for the second type of challenge
[13:50] it has, which is the Orion Lite.  Here we would basically have the .  The thing is, they call it "lite," but you can see it here. evaluation of a phase.  This challenge is
[14:05] already getting really good, but ah, I personally don't quite like it .  Because?  Because it has a type of drawdown trailing.  In other words, as you can see here, the trailing drawdown increases with each new
[14:19] equity peak, it never decreases, so your growing profits reduce your available margin.  In other words, as you start making profits, the drawdown will follow, okay?  It's no longer the initial $94,000 when you have $
[14:35] 100,000, no, this is already going up. As your profit increases, it follows suit, so you're getting closer and closer , right?  It's always a 6% drag.  It's, for example, a two- phase process where if you do a 5% increase, you already have
[14:49] a margin of practically 15%, right?  The usual 10 plus benefit, right?  This is always the six because it keeps track of your earnings.  That's why, personally, I do n't like this one in particular.  One
[15:04] only have one phase to go through, and if you give the account a 10% discount, that's it, and you don't have to go through a second phase.  But the problem I see is that daily drawdown, which, well, this isn't just Orion's fault;
[15:17] all single-stage funding companies have this , most of them, and the reward is 80%, there are no minimum trading days, so it's pretty good.  And these are the prices you have here, okay?  100,489
[15:33] 50,000.  Look, let's test my code on a 50,000 account.  We put in belique, we click apply and look, you would be saving €28.90.  Honestly, it's not bad at all.  That's almost €30 you save by putting a
[15:49] code here.  Now we'll come to the challenge that I use and that I always challenge that I use and that I always advise and recommend.  And for this purpose they have advise and recommend.  And for this purpose they have opened two types of challenge within the
[16:02] same challenge, that is, in the Orion Standard, which is the two-phase one, the usual one, the one used by all companies, the one that has always been around , well this time they have enabled two types, the standard and the swing.  And listen, what I'm going to
[16:16] tell you is that it really changes the scene, because I personally love what they've done.  In this version, the standard one, we would have a profit target of 6% in the first phase and 6% in the second
[16:31] first phase and 6% in the second phase, right?  A typical eight and a five, right?  This time we have a six and a six.  What's going on?  I do n't like this, the total drag is a six and the daily drawdown is a three.
[16:46] This, hm, I don't like it very much.  And the drawdown is static, that is, the drawdown is not trailing, it doesn't move, it doesn't chase you, no, it's always fixed and that's it.  A total account drawdown of 6%, which in the case of a $
[16:59] 100,000 account, would mean you couldn't bring the account down to less than $94,000. , because normally, the vast majority of funding companies are an eight in the first phase and a five in the second.  And in this case, Orion has lowered
[17:14] second.  And in this case, Orion has lowered that because an 8 and a 5 are 13% in total, and in this case, a 6 and a 6 would be talking about 12%, 1% less than what the vast majority of companies in the industry have today.  These are the
[17:29] prices.  We're back to square one.  An account of 100,000 is 540€; if you apply of 100,000 is 540€; if you apply the discount, you'd be saving 54 €, leaving you with 486€. An account of 50,000 is 251€,
[17:44] leaving you with 2790€. Let's take an account of 10,000, which is very common, and if you add the code pelique, you'd be saving almost 8€. As I Sometimes you'll get a discount; instead of almost €8, you'll get them for €16, €25, or €
[18:02] have at the time, which sometimes reaches up to 50%, so check it out because you might get a pretty good surprise.  And now let's go for the challenge that I personally like the most, and it's within the two-
[18:18] phase challenge, within the standard, the swing. This seems absolutely insane to me and, honestly, the best thing happening today in the funding company scene. Because?  Well, let me explain.  We have a two-phase evaluation, and listen, we have
[18:34] a profit target; that is, we have to bring the account to 8% in phase 1 and to 5% in phase 2. This is typical, okay?  This is typical. What's going on?  The daily drawdown is 5% and the maximum loss is
[18:49] 10%. Very few companies Very few companies have this.  FTMO, Fund Next and little else. The vast majority of funding companies typically have an 8% profit in phase one
[19:02] typically have an 8% profit in phase one and an 8% total dragdown.  It almost never has the 10%, only Ftmeo and maybe some others that I'm forgetting, but most of them have an 8% profit.  You need to
[19:15] reach 8% of the goal and you have 8% total downtime.  But here Orion gives you an extra 2%, like FTMO, for example, but FTMO requires a 10% profit. It has a 10% downside, but they require a 10% profit target.  In this case,
[19:31] Orion has both good parts. In the Standard Swing account, it's giving you a 10% total drawdown and you have to reach 8%, meaning it's giving you reach 8%, meaning it's giving you an extra 2% of total drawdown margin,
[19:45] which I think is very, very good.  And a total daily drawdown of 5%, considering total daily drawdown of 5%, considering that we don't have a maximum per a little warmer and give it your 2.5%.  But hey, don't tell
[20:01] Orion this, or they'll get mad at me. But hey, don't play dumb, okay?  Don't risk 4 or 5% per trade either, because hey, you're playing is true that having a daily dragon
[20:14] of 5% and a total dragon of 10% and only one objective of eight, which is typical, but you have more margin for total dragon, you can push the challenge a little harder .  This seems absolutely insane to me.  And apart from that, in Swing accounts,
[20:28] look, look at this madness. News trading allowed, overnight and weekend positions allowed.  This seems crazy to me.  And yes, it's true that it has a drawback, but I'm telling you that it does n't affect me because I don't use
[20:42] such high leverage; 130 leverage is more than enough for me, okay? operations.  It's true that we have 1:1 leverage compared to the standard 1:100. But like I said, when trading the
[20:55] But like I said, when trading the euro/dollar using between 1.5% and 2% per trade in the challenges, the 1:30 leverage is more than enough for me. So, for me, as of today, at Orion Funded, and I think at most
[21:08] best challenge. And I'm not just making this up; giving you a maximum loss, a total drawdown of 10%, a daily drawdown of 5%. But the profit target is 8% in the
[21:23] first phase and 5% in the second.   It's because they're giving you a 2% extra giving you a 2% extra margin.  You have more room to lose than to win.  They're giving you an extra 2% .  These are extra lives.  You're a
[21:35] cat.  You currently have more lives than you should , so I think it's a very good option and it's the one I personally use.  The standard account, the two- use.  The standard account, the two- phase account, and the swing account, which they
[21:47] have updated and made new today, and I think it's very, very good. Metatrader 5 is the one that practically everyone uses, and Match Trader.  Match Trader is available to people who live in the United States, since
[22:01] available there, so you have the option of using Match Trader.  Personally, as a veteran and someone who has been trading for a long time, I personally love Metatrader 5 and it's the one I personally use.  And we're back to the same thing, if
[22:15] you put the code in the 10,000 account, then 790 would currently be applied, it would cost you 71.10.  An account of 50,000 1000, so you would be saving almost €28. The truth is that it's quite good.  And with an account of 100,000, you would be
[22:30] an account of 100,000, you would be saving €54. And now let's go for the last challenge, which is the Orion Sellet, which is practically the three-stage funding test that some companies already have.  I personally do
[22:43] waste of time, extremely difficult, and I don't recommend them.  Because?  because you have to pass three assessments.  This seems excessive to me, and I personally neither use it nor recommend it.  It is true that they are
[22:56] cheaper, so you can buy more accounts and they are cheaper and perhaps easier to acquire, but when it comes to passing them they are more difficult because you have three phases to pass, 5%, 5% and
[23:10] three phases to pass, 5%, 5% and 5%.  A daily drawdown of 5%, a maximum loss of 5%.  This challenge should be should be called Orion 5% instead of Orion Sellet.  These are the
[23:23] five objectives you have to achieve in phase 1, phase 2, and phase 3: 5% achieve in phase 1, phase 2, and phase 3: 5% daily dragdown and 5% meaning you always have a 5% drawdown and the reward they give you
[23:36] 5% drawdown and the reward they give you when you are already funded is 80%. And here's a bill for 100,000.  If you enter the code, you would save 35 34.90. An account of 50,00024.90, an account of 10,000 would cost you 62.10 and
[23:54] you would be saving €6.90 which is really good.  Which one do I personally use, recommend, and advise?  Well, Orion Standard is actually the popular one, the one that the vast majority of people buy and have funded, but
[24:08] in this case I don't trade the standard one.  I don't recommend the standard one, I recommend using the swing one.  Because? Because notice that they have the same price.  Note that a 50K swing account is 279
[24:23] and a 10,000 account is 79. There you have it.  The price is exactly the same for both, but in this case the swing has more total drawdown and more daily drawdown.  You have more margin for loss for the same cost.  The only difference is
[24:39] that the leverage is lower, but like I said, if you don't go crazy and you have , it's more than enough to pass the challenge and trade very comfortably. So
[24:51] I recommend the Orion Standard two-phase swing trading platform, which is the one I use today and will continue to use unless they change it.  This brings us understand all the new updates and changes that
[25:06] change they've made with the two-phase account and that extra insane, to be honest.  For me, I think that, well, I think, I don't think that I don't think, it's just like that
[25:18] , exactly.  Uh, as of today, those conditions for that account are the best for me.  Because?  Because it's allowing you a total drawdown of 10% and a profit in phase 1 of 8%.  I think only FTMO has this, but the
[25:33] accounts are more expensive and they also require a 10% target.  In this case, Orion is asking you for a goal of 8% in phase one, but it maintains that total drawdown of 10%. The truth is that it seems crazy to me, and it's the one I'm using
[25:48] this analysis helpful.  Some of you have asked me via Instagram to please changes because you didn't quite understand them .  And here it is, so if you have any questions or doubts, I hope this has answered them for you.  If
[26:02] the comments, and I'll try to answer them. And if you have any more personal questions, you can find me on Instagram below in the description, which is @bilesdealgo, and I the description, which is @bilesdealgo, and I always try to answer everyone there.
[26:15] Have a good day and see you in the next video.