Direct Funded Trader is a prop trading firm that was established in February 2023. It is based in Dubai, United Arab Emirates. This prop firm belongs to Arthur Kaziu. They offer 80-90% profit split to traders.
Direct Funded Trader Prop Firm: Exclusive Coupon Information
There are no coupons at this time.
Getting to Know Direct Funded Trader Prop Firm
- Direct Funded Trader’s Corporate Name: GFT GROUP LLC
- Company Street Address: Business Center 1, M Floor, The Meydan Hotel, Nad Al Sheba, Dubai, United Arab Emirates.
- Starting Year for Direct Funded Trader Prop Firm: 2023
- Business Location Registry for Direct Funded Trader: Dubai, United Arab Emirates.
- Direct Funded Trader Prop Firm’s Ownership Explained: Arthur Kaziu is the CEO of Direct Funded Trader. We will be adding more information about their CEO in the future.
What Trading Platforms Does Direct Funded Trader Offer
Direct Funded Trader uses MT4 and MT5 trading platforms.
MetaTrader 4 is a trusted trading platform. MetaTrader 5 or MT5 is a platform improvement and it has all the strengths of MT4 offering advanced analytics tools.
Trading Instruments at Direct Funded Trader Prop Firm
- Cryptocurrencies: You can trade with ETH and BTC. These digital currencies offer a unique way to do online transactions without big bank fees and holdups.
- Energies: This involves buying, selling or trading various forms of energy like oil, gas, and others.
- Forex: It’s a dynamic marketplace where trillions of dollars are traded daily across different currencies.
- Indices: They represent a segment of a stock exchange.
- Metals: This market allows you to participate in the trading of valuable elements like gold, silver, platinum, and others.
Payment Methods at Direct Funded Trader Prop Firm
Direct Funded Trader accepts Credit and Debit cards for transactions. They also accept Crypto payments.
Exploring Account Size Options at Direct Funded Trader
The Evaluation Challenge offers 5 account sizes. These accounts go from $15k to $200k.
The Fast Funding Standard and Fast Funding Aggressive challenges offer 4 account sizes, from $15k to $100k. These challenges will give you the opportunity to improve your financial development.
How Direct Funded Trader Prop Firm Shares Profits
The profit split is 80% at the start of the challenges, but as you progress, the conditions start to get better.
After you make 5 payouts to your account, your profit split increases to 90%. But if you don’t follow up, the profit share will go back to 80%.
Setting the Bar: Profit Targets at Direct Funded Trader
The 2-step Evaluation challenge has a 8% profit goal in the first stage. The second stage requires a 5% profit. The Fast Funding Standard Challenge and Fast Funding Aggressive have a 10% profit requirement.
Drawdown Rules and Loss Limits at Direct Funded Trader Prop Firm
Maximum Daily Loss:
Evaluation Challenge – 5% Loss
Fast Funding Standard – 4% Loss
Fast Funding Aggressive – 4% Loss
Maximum Overall Loss:
Evaluation Challenge – 10% Loss
Fast Funding Standard – 7% Loss
Fast Funding Aggressive – 7% Loss
Number of Trading Days Allowed
For all challenges the maximum trading days are unlimited. Minimum is 5 trading days.
Cost of Entry for Direct Funded Trader Prop Firm’s Challenge
Direct Funded Trader offers three types of challenges. The evaluation challenge consists of two steps. The Fast Funding Standard and Fast Funding Aggressive Challenges contain one step. All challenges have a 1:100 leverage.
Pricing for Challenges
Evaluation Challenge
| Account Size | Price |
|---|---|
| $15k | $100 |
| $25k | $199 |
| $50k | $299 |
| $100k | $479 |
| $200k | $979 |
Fast Funding Standard
| Account Size | Price |
|---|---|
| $15k | $150 |
| $25k | $280 |
| $50k | $359 |
| $100k | $590 |
| Account Size | Price |
|---|---|
| $15k | $190 |
| $25k | $320 |
| $50k | $390 |
| $100k | $620 |
Fees and Commissions: What to Expect at Direct Funded Trader
The commission is $5 per lot. This fee and approach ensure that all traders have the same affordable rate.
Information on Refunds at Direct Funded Trader Prop Firm
You will get the fees refunded with the first successful payout. If you reset the challenge in the middle, you’ll only get refunded the most recent fees you paid to get your account.
Free Trials
No free trials available. But they do offer a free retake. This means you can retake your challenge free of charge.
Payout Timeline at Direct Funded Trader Prop Firm
First payout can be requested after a month, and all next bi-weekly.
Weighing the Pros and Cons of Direct Funded Trader Prop Firm (According to Trustpilot reviews)
Direct Funded Trader has a pretty high score of 4.2/5 on Trustpilot. At this time, there are 68 reviews submitted to the Trustpilot platform.
- Free Retry
- Bi-weekly payouts
- Three types of challenges available
- Fast with payouts
- Good for beginners
- No free trials
- There are restricted countries
- Claims that the company doesn’t pay out earned profits
- Potential hidden rules
Direct Funded Trader FAQ Section
You can hold trades over the weekend on Evaluation Accounts, Fast Funding Standard accounts, and funded accounts. Weekend trading is also allowed for Crypto instruments (check crypto trading hours). Be aware of the risks with market gaps for Forex pairs, Indices, and Commodities, which don’t stay open during weekend trading hours.
An Evaluation account is a two-phase trading evaluation. Traders select a capital amount and meet trading objectives in Phase I and Phase II. The Fast Funding account is similar but has only a one-phase challenge.
Restricted countries are:
United Arab Emirates (UAE)
Pakistan
Vietnam
Iran
USA
Myanmar
The leverage is 1:100 on FX Instruments.
Yes, you can.
