Mega Funded Review

Mega Funded Review

✔️ Accounts: $5k - $200k
✔️ Profit Split: 80% - 90%
✔️ Profit Targets: 10% (1-step), 10%/5% (2-step)

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Founded in 2023, Mega Funded is a fresh entrant in the prop trading arena, known for its unique and trader-friendly policies. Despite its recent inception, it has garnered significant attention.

Operating out of Australia, Mega Funded is dedicated to equipping traders with powerful tools and opportunities to thrive in the financial markets.

This review will cover Mega Funded’s offerings, including its trading platforms, account options, support services, and special features.

Sign up with Mega Funded today and begin your trading journey.

Mega Funded Prop Firm Coupon Code

Currently, no coupon codes or promotional offers are available for Mega Funded.

About Mega Funded Prop Firm: A Snapshot

Official Name

The company’s official name is Mega Funded.


Mega Funded’s address is Songino Khairkhan District 15th khoroo 13120, Ulaanbaatar City, Mongolia.

Year Founded

The firm was established in 2023.

Registration Location

Mega Funded is registered in Australia.

Ownership Details

Ownership information for Mega Funded is not disclosed or accessible at this time.

Trading Platforms at Mega Funded

Mega Funded provides its traders with access to two primary trading platforms: MT4 (MetaTrader 4) and DxTrade. MT4 is renowned for its user-friendly interface and extensive charting tools, making it a top choice for forex traders. DxTrade offers a robust and customizable trading environment, catering to traders who need advanced features and greater flexibility.

Available Trading Instruments at Mega Funded

At Mega Funded, traders can engage with a wide array of trading instruments, including:

  • Forex: Major, minor, and exotic currency pairs.
  • Indices: Leading global indices.
  • Metals: Precious metals like gold and silver.
  • Crypto: Popular cryptocurrencies.

This diverse selection allows traders to diversify their portfolios and capitalize on various market opportunities.

Payment Methods Supported by Mega Funded

Mega Funded facilitates a range of payment options to accommodate its global user base. Currently, traders can fund their accounts using:

  • Credit Cards: Major credit cards for secure and convenient transactions.
  • Cryptocurrency: Popular cryptocurrencies for quick and secure payments.

These options ensure flexibility and convenience for traders in managing their accounts.

Account Size Options at Mega Funded

Mega Funded offers multiple account sizes to suit different trading needs and financial commitments. The available account sizes are:

  • $5,000
  • $15,000
  • $25,000
  • $50,000
  • $100,000
  • $200,000

This variety allows traders to select an account size that best matches their trading strategy and risk tolerance.

Profit Splits at Mega Funded Prop Firm

Mega Funded offers competitive profit splits to its traders based on the challenge type:

  • 1-Step Challenges: Traders are entitled to an 80% profit split.
  • 2-Step Challenges: Traders can enjoy a 90% profit split.

These profit splits are structured to reward traders for their successful trading outcomes.

Profit Targets for Mega Funded Challenges

The profit targets set by Mega Funded differ based on the challenge type:

  • 1-Step Challenges: Traders need to achieve a 10% profit target.
  • 2-Step Challenges: Traders must reach a 10% profit target in Phase 1 and a 5% profit target in Phase 2.

These targets ensure traders maintain consistent and profitable trading performance.

Risk Management Limits at Mega Funded

Mega Funded sets specific daily drawdown and total loss limits to manage risk:

  • 1-Step Challenges:
    • Maximum daily loss: 4%
    • Maximum total loss: 8%
  • 2-Step Challenges:
    • Maximum daily loss: 5%
    • Maximum total loss: 10%

These risk management limits help prevent excessive losses and promote disciplined trading.

Trading Day Requirements at Mega Funded

Mega Funded provides flexibility in trading days for evaluation and funded accounts:

  • Evaluation Accounts: Unlimited trading days, with a minimum of 5 trading days required.
  • Funded Accounts: Unlimited trading days with no minimum trading days requirement.

This flexibility allows traders to meet challenge requirements at their own pace.

Challenge Steps at Mega Funded

Mega Funded offers two challenge formats for traders:

  • 1-Step Challenges: Traders must meet one set of criteria for funding.
  • 2-Step Challenges: Traders must pass two phases, each with specific profit targets and risk rules.

These challenges cater to various trading styles and preferences, allowing traders to choose based on their strategy.

Pricing Details for Mega Funded Challenges

The challenge costs at Mega Funded vary by account size and 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 structure enables traders to select the challenge that best fits their budget and trading aspirations.

Trading Commissions and Fees

Mega Funded charges a $7 commission per lot traded. This fee structure is competitive and designed to help traders manage their trading expenses effectively.

Refund Policies at Mega Funded

The details on refundable fees were not provided on the Mega Funded website or were not accessible at the time of writing.

Trial Program Availability

Mega Funded does not offer free trial programs. Traders must begin with the paid challenges as specified in the pricing details.

Payout Schedule at Mega Funded

Mega Funded follows a bi-weekly payout schedule. This approach ensures that traders receive their profits regularly, facilitating prompt reinvestment or withdrawal of earnings.

Pros & Cons

  • Easy Setup: Quick and simple process to begin trading.
  • Premium Broker: Uses Eightcap, known for excellent spreads and commissions.
  • High Profit Splits: Up to 90% for 2-step challenges.
  • Timely Payouts: Bi-weekly payouts ensure prompt earnings.
  • Diverse Instruments: Offers trading in Forex, Indices, Metals, and Cryptocurrencies.
  • Unlimited Trading Days: No restrictions on trading days for evaluation and funded accounts.
  • Positive Feedback: Highly praised for its professionalism and ease of use.
  • Lack of Ownership Information: No details on company owners.
  • Unclear Refund Policy: No information on whether fees are refundable.
  • No Free Trial: Requires upfront financial commitment.
  • High Commission: $7 per lot may be high for frequent traders.
  • Limited Support Details: Insufficient information on customer support.

FAQ Section

Spread and Commissions?

Mega Funded, partnered with Eightcap, offers leading spreads and commissions. For more details, visit Eightcap’s trading conditions.

Is copy trading allowed?

Copy trading is permitted between personal accounts, but using trade copier software from third-party IP addresses is strictly prohibited.

Do they allow trading over the weekend?

Yes, trading over the weekend and holding trades overnight is allowed.

Are there monthly fees?

Their 1-phase and 2-phase evaluation programs come with no monthly fees.

Does Mega Funded offer a Scaling plan?

The Scale-Up plan allows traders to potentially receive a capital allocation of up to $2 million by increasing 20% of the initial balance per month. Eligibility includes:
Receiving four consecutive payouts.
Ending the last trading cycle in profit.

Starting Fees: $50 - $900
Challenge Types: 1-step or 2-step
Payout: Bi-weekly
Trust & Fairness
Games & Software
Bonuses & Promotions
Customer Support
4.0 Overall Rating

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Mega Funded Review