FundedBull, the retail funded trading provider founded by former XM Partner Relations Manager Desimir Paskalev, is carrying an internal closed flag from an independent prop firm tracking service even as its own website continues to market itself as fully operational. The tracker own methodology note states that this kind of flag is set manually by its research team after investigation, not by an automated feed, which gives the finding more weight than a routine data glitch.
Paskalev launched FundedBull in mid 2024 through Singapore registered RateRight Pte. Ltd., choosing the funded trading model over a full brokerage because it required a smaller budget and a shorter path to market, according to his own comments to trade press at the time. The firm built its pitch around a ninety percent profit split, payouts inside one to two business days, and an affiliate program drawing on Paskalev decade of partner relations experience in the forex industry.
Is FundedBull Still Operating
The evidence trail says probably not, or at best barely. The most recent substantive positive customer report on record dates to November 2024. A September 2025 review alleges accounts were frozen immediately after a trader passed a challenge, with no response from support afterward. Independent trackers note no payout proof, no forum activity, and no social engagement documented since late 2025, a pattern consistent with a firm that has quietly wound down while leaving its marketing site running.
The warning language attached to the closed flag is blunt: the firm is described as no longer operating, with an explicit instruction not to send funds. That kind of language, sitting directly alongside a website still selling new challenge accounts, is exactly the gap a prospective customer has no easy way to see unless they go looking for it specifically.
Is FundedBull Regulated
No. FundedBull operates through RateRight Pte. Ltd., a Singapore incorporated company, and does not disclose any financial regulator or licence anywhere in its terms. Like most funded trading providers, it frames itself as an educational and evaluation service rather than a regulated broker, which means a trader has no financial regulator to appeal to if a payout dispute or a sudden account freeze occurs, and no ombudsman scheme standing behind the relationship.
Industry Implication
FundedBull launch was framed at the time as a credibility story, a well known industry veteran with a decade at a recognised broker moving into prop trading. That background does not appear to have protected customers from the same operational opacity that plagues the wider unregulated funded account sector. When even a founder with strong industry standing cannot keep a review tracker from flagging the business as closed while it still takes new customer payments, it underlines how little founder reputation alone tells a trader about whether their money and their payout will actually be there when a challenge is passed.
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A well known name behind a launch is not the same thing as an operating company behind a payout. FundedBull traded on Desimir Paskalev decade of industry standing from his time at XM, and that standing bought it attention, but it did not stop an independent tracker from manually marking the firm closed while its own site still sells challenge accounts as if nothing had changed. A trader reading the FundedBull homepage today has no way to know that gap exists unless they specifically go looking for it. BestForex.io treats a founder track record as a reason to look closer at a firm, never as a reason to skip the check entirely, and this case is exactly why that distinction matters.
About FundedBull
FundedBull is a retail funded trading provider operated by RateRight Pte. Ltd., registered in Singapore, and founded in mid 2024 by former XM Partner Relations Manager Desimir Paskalev. The firm offered one, two, and three step evaluation challenges across forex, using DXTrade, cTrader, MatchTrader, and TradeLocker platforms, with payouts made only in cryptocurrency. FundedBull is not regulated by any financial authority and describes its offering as an evaluation and education service rather than a brokerage.
Frequently Asked Questions
Is FundedBull still open?
An independent industry tracker has manually flagged FundedBull as closed, citing no payout proof, forum activity, or customer engagement documented since late 2025, even though the firm own website still markets itself as active.
Is FundedBull regulated?
No. FundedBull operates through Singapore registered RateRight Pte. Ltd. and does not disclose any financial regulator or trading licence.
Who founded FundedBull?
FundedBull was founded in mid 2024 by Desimir Paskalev, a former Partner Relations Manager at XM with roughly a decade in that role.
Should I buy a new FundedBull challenge?
Given the closed flag, the September 2025 complaint alleging a frozen account after passing a challenge, and the absence of confirmed payouts since November 2024, extreme caution is warranted before sending funds to FundedBull.