Mega Funded, established in 2023, is a new entrant in the prop trading industry that has quickly garnered attention for its innovative offerings and trader-friendly policies. Despite its recent launch, the company has made significant strides in the market.
Registered in Australia, Mega Funded is dedicated to providing traders with advanced tools and opportunities to thrive in the financial markets.
This review will cover various aspects of Mega Funded, including its trading platforms, account sizes, support options, and unique features.
Create an account with Mega Funded today and start your trading journey.
Coupon Code for Mega Funded Prop Firm
Currently, there is no information available regarding any coupon codes or promotional offers provided by Mega Funded.
About Mega Funded Prop Firm: An Overview
Company Name
The official company name is Mega Funded.
Address Details
Mega Funded is located at Songino Khairkhan District 15th khoroo 13120, Ulaanbaatar City, Mongolia.
Founding Year
The company was established in 2023.
Registration Location
Mega Funded is registered in Australia.
Who Owns Mega Funded
The ownership details of Mega Funded were not disclosed on their website or accessible at the time of writing.
Mega Funded Trading Platforms
Mega Funded provides two main trading platforms: MT4 and DxTrade. MetaTrader 4 (MT4) is well-known for its user-friendly interface and comprehensive charting tools, making it a preferred choice for forex traders. DxTrade offers a customizable, robust trading environment, ideal for traders who need advanced features and flexibility.
Instruments Available at Mega Funded
At Mega Funded, traders can access a wide variety of trading instruments, such as:
- Forex: Trade major, minor, and exotic currency pairs.
- Indices: Engage in trading top global indices.
- Metals: Trade precious metals like gold and silver.
- Crypto: Invest in popular cryptocurrencies.
This diverse range allows traders to diversify their portfolios and leverage different market opportunities.
How to Make Payments at Mega Funded
Mega Funded supports multiple payment methods to cater to its global client base. Currently, traders can make payments using:
- Credit Cards: Secure transactions with major credit cards.
- Cryptocurrency: Utilize popular cryptocurrencies for quick, secure payments.
These options offer flexibility and convenience for traders to fund their accounts.
Account Sizes Offered by Mega Funded
Mega Funded offers various account sizes to accommodate different trading needs and financial capacities. The available sizes are:
- $5,000
- $15,000
- $25,000
- $50,000
- $100,000
- $200,000
This selection enables traders to choose an account size that aligns with their strategies and risk preferences.
Profit Splits Offered by Mega Funded
Mega Funded offers competitive profit splits to traders, depending on the challenge:
- 1-Step Challenges: 80% profit split.
- 2-Step Challenges: 90% profit split.
These splits are designed to reward traders for their successful trading endeavors.
Profit Targets at Mega Funded
Profit targets at Mega Funded are as follows:
- 1-Step Challenges: 10% profit target.
- 2-Step Challenges: 10% profit target in Phase 1, 5% profit target in Phase 2.
These targets ensure traders maintain consistent profitability.
Daily Drawdown and Total Loss Limits
Mega Funded has set specific drawdown and total loss limits to manage risk effectively:
- 1-Step Challenges:
- Max daily loss: 4%
- Max total loss: 8%
- 2-Step Challenges:
- Max daily loss: 5%
- Max total loss: 10%
These limits protect traders from excessive losses and encourage disciplined trading.
Trading Days Flexibility
Mega Funded provides flexible trading day requirements for evaluation and funded accounts:
- Evaluation Accounts: Unlimited trading days with a minimum of 5 trading days.
- Funded Accounts: Unlimited trading days with no minimum trading days.
This flexibility allows traders to meet challenge requirements at their convenience.
Challenge Formats
Mega Funded offers two challenge types:
- 1-Step Challenges: One set of criteria for funding qualification.
- 2-Step Challenges: Two phases with distinct profit targets and risk management rules.
These formats cater to various trading styles and preferences, enabling traders to choose based on their strategy.
Challenge Costs at Mega Funded
Mega Funded’s challenge costs vary by account size and challenge type:
- 1-Step Challenges:
- 15k: $100
- 25k: $125
- 50k: $250
- 100k: $450
- 200k: $900
- 2-Step Challenges:
- 5k: $50
- 15k: $100
- 25k: $150
- 50k: $280
- 100k: $475
- 200k: $820
This pricing model provides traders with options that fit their financial plans and trading objectives.
Trading Commissions
Mega Funded imposes a $7 commission per lot traded. This competitive rate helps traders manage their trading costs effectively.
Refund Information
Information on refundable fees was not disclosed on the Mega Funded website or accessible at the time of writing.
Availability of Trial Programs
Mega Funded does not offer free trial programs. Traders must begin with the paid challenges as specified in the pricing section.
Payout Schedule
Mega Funded follows a bi-weekly payout schedule. This ensures traders receive their profits regularly, allowing for timely reinvestments or withdrawals.
Trustpilot Community Feedback
- Easy Setup: Fast and straightforward to begin trading.
- Top-Tier Broker: Uses Eightcap, known for great spreads and commissions.
- High Profit Splits: Up to 90% for 2-step challenges.
- Prompt Payouts: Bi-weekly payouts ensure timely earnings.
- Wide Instrument Range: Trade Forex, Indices, Metals, and Cryptocurrencies.
- Unlimited Trading Days: No restriction on trading days for evaluation and funded accounts.
- Positive Reviews: Highly rated for its professionalism and ease of use.
- Missing Ownership Details: Lack of information on company owners.
- Unclear Refund Policy: No clear information on refundable fees.
- No Free Trial: Requires upfront financial commitment.
- High Commission Fees: $7 per lot can be costly for frequent traders.
- Limited Support Information: Insufficient details on customer support effectiveness.
Mega Funded FAQ Section
Partnered with Eightcap, Mega Funded offers top-tier spreads and commissions. For more details, visit Eightcap’s trading conditions.
Copy trading between personal accounts is allowed, but third-party IP addresses are prohibited from using trade copier software.
Yes, weekend and overnight trading is allowed.
There are no monthly fees for Mega Funded’s 1-phase and 2-phase evaluation programs.
Does Mega Funded offer a Scaling plan?
The Scale-Up plan offers traders the opportunity to potentially expand their capital up to $2 million by increasing 20% of the initial balance per month. To qualify:
Receive four consecutive payouts.
End the last trading cycle in profit.
Join Mega Funded and start trading today!
