Launched in September 2023 and headquartered in Sydney, Australia, DeiFunded Prop Firm provides a methodical approach for traders to validate their trading capabilities and gain financial backing.
Participants undergo a dual-stage evaluation process conducted on the MetaTrader 5 platform, in association with Kubera Capital Markets.
DeiFunded offers an extensive range of tradable instruments, including cryptocurrencies, energies, forex, indices, and metals, with available account sizes from $5,000 to $200,000, targeting traders at various proficiency levels.
The firm is known for its advantageous profit split arrangements and flexible trading scenarios, establishing itself as a desirable venue for those interested in prop trading.
DeiFunded Prop Firm’s Coupon Codes
There is no mention of a coupon code for DeiFunded Prop Firm at this time.
All About DeiFunded Prop Firm
The Official Name of DeiFunded Prop Firm
The trading firm is officially designated as DeiFunded, based on the information provided.
Where is DeiFunded Prop Firm Located?
DeiFunded operates without a public physical address, indicating its operations are largely virtual.
This approach aligns with the trend among modern prop firms to reduce physical office footprints and emphasize digital operations for global trader accessibility.
DeiFunded Prop Firm: The Year It Started
Established in September 2023, DeiFunded is among the latest additions to the prop trading landscape.
Prop Firm Business Registration of DeiFunded
Sydney, Australia is the registration site for DeiFunded, positioning the firm within a strong regulatory environment. This locale enhances trader confidence in the firm’s adherence to strict operational standards and ethical practices.
Executive Management at DeiFunded Prop Firm
Dr. Shane Healy and Brin Taylor are the proprietors of DeiFunded. Their combined expertise in financial strategies and business management guides the firm’s strategic vision in the competitive prop trading sector.
Community Feedback for DeiFunded
- Support Quality: Exceptional support team efficiency, with a user noting exceptional assistance.
- User Experience: Users praise the informative and attentive treatment from start to finish.
- Problem Solving: High marks for the team’s proactive solutions that go beyond trader expectations.
- Payout Delays: Issues with late payouts up to 30 days, causing concern over financial reliability.
- Dashboard Issues: Functionality problems with the V2 Dashboard, leading to trader frustration.
- Support Consistency: Mixed experiences with support, reflecting variability in service quality.
Platforms Used by DeiFunded Prop Firm for Trading
The trading infrastructure at DeiFunded is anchored by MetaTrader 5 (MT5), a platform known for its robust technical and algorithmic trading features.
DeiFunded Prop Firm: Instruments You Can Trade
The financial instruments offered by DeiFunded cover a wide spectrum, from cryptocurrencies to metals, aiding traders in diversifying their strategies.
Payment Options at DeiFunded Prop Firm
To facilitate ease of transactions, DeiFunded accepts payments via credit cards and cryptocurrencies, reflecting its adaptive and inclusive financial approach.
Account Size Options in DeiFunded Prop Firm
DeiFunded offers a variety of account sizes ranging from $5,000 to $200,000, enabling traders to begin with a smaller investment and progressively move to larger accounts as they gain confidence and meet the firm’s progression criteria.
Understanding Profit Splits at DeiFunded Prop Firm
Initially offering an 80%-20% profit split to traders, DeiFunded increases this to a 90%-10% split following successive payouts, rewarding traders with a greater share of their generated profits.
DeiFunded Prop Firm’s Approach to Profit Targets
The evaluation process at DeiFunded is structured into two distinct phases: Phase 1, which demands traders hit an 8% profit target, and Phase 2, which lowers the requirement to 5%. This structure aims to rigorously assess the ability to sustain profitability.
Drawdown Rules and Daily/Max Loss Policy at DeiFunded
At DeiFunded, risk control is prioritized with loss limits set at 5% daily and 10% overall, applicable during each evaluation phase and for funded accounts, ensuring protection against substantial financial losses.
Minimum and Maximum Trading Days at DeiFunded
The evaluation framework at DeiFunded requires traders to engage for at least four days in each phase. Beyond this, there is no maximum day limit, offering traders flexibility to operate according to their own strategic plans.
Step Challenges Available at DeiFunded Prop Firm
The DeiFunded Prop Firm Challenge involves a rigorous two-phase evaluation process, requiring successful completion of both phases for traders to secure funding, thereby ensuring that only proficient traders manage the firm’s capital.
Costs of Entry for DeiFunded Prop Firm’s Challenges
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.
Commissions and Fees at DeiFunded Prop Firm
At DeiFunded, forex traders face a commission of $4 per lot, and the firm assures no additional hidden fees are involved.
Refund Options at DeiFunded Prop Firm
At DeiFunded, traders can receive refunds immediately after passing evaluation challenges, although the refund percentage depends on the challenge tier they have chosen.
Does DeiFunded Prop Firm Offer a Free Trial?
There are no free trial options available at DeiFunded; traders interested in joining must directly enroll in one of the paid evaluation challenges.
Payment Frequency at DeiFunded
Traders at DeiFunded benefit from a consistent bi-weekly payout schedule once they commence trading with funded accounts, aiding in predictable financial management.
DeiFunded FAQ
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.
How many accounts can I have? What is your max allocation?
At DeiFunded, there is no limit on the number of accounts you can have during the Challenge and Verification stages. However, as a DeiFunded Trader, there is a maximum capital allocation limit, which is set at $400,000 (on a normal risk setup, before scaling) per trader or strategy at any given time. Equivalent limits are established for other currencies.
It’s crucial to refrain from acquiring multiple accounts through various registrations, as this practice is not permitted. If identically traded strategies are detected across multiple accounts, exceeding the total of $400,000 in active DeiFunded Accounts, they reserve the right to suspend those accounts as stated in the contract.
How long until I receive the payout?
Once a withdraw request has been received, they will contact you within 24 hours and pending approval / completion of your KYC your funds will be sent within 3 business days.
How long does it take to become a funded trader?
The duration varies depending on a trader’s performance during the evaluation period. Successful candidates can transition to becoming funded traders in as little as 8 days.
More details on the official website FAQ.
Want to give it a try? Start your account today!
