In September 2023, DeiFunded Prop Firm was founded in Sydney, Australia, providing a structured pathway for traders to validate their trading skills and secure funding.
This firm conducts a two-tier evaluation using the MetaTrader 5 platform, in partnership with Kubera Capital Markets.
With a variety of tradable assets like cryptocurrencies, energies, forex, indices, and metals, DeiFunded accommodates traders of all levels with account sizes between $5,000 and $200,000.
Known for competitive profit splits and flexible trading terms, DeiFunded stands as a top choice for those aspiring to succeed in prop trading.
DeiFunded Prop Firm: Available Coupon Information
No coupon code for DeiFunded Prop Firm has been mentioned on the website.
Getting to Know DeiFunded Prop Firm
DeiFunded’s Corporate Name
The firm is officially known as DeiFunded, based on the documented information.
Company Street Address
There is no physical address listed for DeiFunded Prop Firm, which suggests that it primarily operates online, a common practice for modern prop trading companies aiming for global reach.
Starting Year for DeiFunded Prop Firm
As a new market participant, DeiFunded began its operations in September 2023, quickly establishing a suite of trading services.
Business Location Registry for DeiFunded
Sydney, Australia serves as the home regulatory base for DeiFunded, providing a dependable and regulated framework for its operations.
DeiFunded Prop Firm’s Ownership Explained
The ownership of DeiFunded lies with Dr. Shane Healy and Brin Taylor, who bring a combination of financial and management prowess to the firm.
What Trading Platforms Does DeiFunded Offer?
DeiFunded has adopted MetaTrader 5 (MT5), a platform distinguished by its sophisticated trading tools and algorithmic capabilities, to enhance the trading experience for both beginners and experienced traders.
Trading Instruments at DeiFunded Prop Firm
The instruments available at DeiFunded encompass a broad range, from cryptocurrencies to metals, offering traders numerous opportunities for market engagement and risk diversification.
Payment Methods at DeiFunded Prop Firm
DeiFunded Prop Firm supports a range of payment methods including credit cards and cryptocurrencies, offering convenience and flexibility to its clientele.
Exploring Account Size Options at DeiFunded
DeiFunded’s range of account sizes from $5,000 to $200,000 offers traders the opportunity to scale their trading activities in alignment with their growing expertise and risk capacity.
How DeiFunded Prop Firm Shares Profits
The profit-sharing model at DeiFunded starts at 80%-20% in favor of the trader and can progress to an even more beneficial 90%-10% as traders consistently achieve successful payouts.
Setting the Bar: Profit Targets at DeiFunded
In its evaluation process, DeiFunded implements a two-tier profit target system: 8% for Phase 1 and 5% for Phase 2, testing traders’ abilities to maintain profitability in fluctuating market environments.
Drawdown Rules and Loss Limits at DeiFunded Prop Firm
DeiFunded’s trading guidelines include a 5% maximum daily loss and 10% total loss limit, enforced during evaluation and for funded accounts to control risk exposure and protect the firm’s financial health.
Number of Trading Days Allowed
DeiFunded allows for a minimum engagement of four days per evaluation phase, with an open-ended maximum, ensuring traders can fully adapt their strategies without feeling rushed.
Step-Challenge Options Offered
The DeiFunded Firm Challenges consists of a structured two-phase evaluation. Traders must pass both phases to prove their ability in managing risks and applying effective trading strategies under diverse conditions.
Cost of Entry for DeiFunded Prop Firm’s Challenge
Cost per Account Size:
- $5k – $59
- $10k – $129
- $25k – $229
- $50k – $329
- $100k – $469
- $200k – $899
These fees fund the simulation tools and resources needed for the evaluation phases.
Fees and Commissions: What to Expect at DeiFunded
For forex transactions, DeiFunded Prop Firm applies a commission rate of $4 per lot, explicitly stating the absence of hidden fees to maintain straightforward financial dealings.
Information on Refunds at DeiFunded Prop Firm
DeiFunded offers a dynamic refund policy, ensuring traders are reimbursed immediately after passing their evaluations, with the percentage of refund dependent on the chosen challenge level.
Free Trials
DeiFunded has no free trial offerings for its evaluation challenges or funded trading accounts, with all potential traders required to select and finance one of the evaluation options.
Payout Timeline at DeiFunded Prop Firm
DeiFunded maintains a bi-weekly payout routine for its traders, providing a steady and predictable flow of earnings for those with funded accounts.
Weighing the Pros and Cons of DeiFunded Prop Firm (According to Trustpilot reviews)
- Superb Support: High satisfaction with support.
- Engaging User Interface: Traders report a consistently positive interaction throughout all service phases.
- Diligent Problem Management: The support team’s attention to detail in problem-solving is highly praised.
- Payout Problems: Frequent delays in payouts question the firm’s promptness and reliability.
- Dashboard Functionality: Technical issues with the V2 Dashboard negatively impact user experience.
- Support Fluctuations: Variability in support quality suggests inconsistency in customer service training.
DeiFunded FAQ Section
Once you have passed your first or second phase of your evaluation you will be emailed a new set of credentials to access the next phase.
Trading during rollover
During the rollover period, spreads often widen, which can unexpectedly trigger stop-loss orders. To prevent premature trade exits, consider adjusting stop-loss settings to accommodate wider spreads or temporarily move/remove them during this time.
How does the max loss work?
Your maximum loss is determined by your account’s end-of-day balance, which resets at 00:00 GMT+2. This calculation ensures that you are aware of the largest loss you can incur in a day, providing a measure for effectively managing risk and preventing the possibility of surpassing set loss thresholds.
Test your skills! Open an account today!
