Looking for a fresh face in the prop trading world? Let's get into a FundedSquad review and see what this new player has to offer!
FundedSquad burst onto the scene in June 2024, setting up shop in the bustling city of Dubai. Led by CEO Ajwad Saleem, this prop trading firm (officially known as DEVIONICS TECHNOLOGY – FZCO) is shaking things up with some pretty enticing offerings for traders.
So, what's the buzz about FundedSquad? Well, they're giving traders not one, not two, but three ways to get in on the action:
Now, here's where it gets interesting. FundedSquad has partnered with a top-tier liquidity provider, which means you're getting some seriously realistic market conditions to trade in. It's like training wheels but for the big leagues!
Curious about where they're headquartered? You can find them at Office No. 001, DDO IFZA Business Park, Dubai Silicon Oasis. Sounds fancy, right?
But let's talk numbers because that's what really matters in a FundedSquad review. They're offering account sizes up to a whopping $200,000, with profit splits that can go as high as 90%. That's not chump change, folks!
And if you're wondering what you can trade, the answer is: quite a lot! We're talking forex pairs, commodities, indices, and even cryptocurrencies. It's like a trading buffet – take your pick!
FundedSquad is really rolling out the red carpet for traders, inviting them to join what they're calling “one of the industry's most competitive simulated trading environments.” They're promising exclusive perks and the chance to rake in some serious profits.
So, if you're in the market for a new prop trading firm and like the sound of flexible account options, realistic trading conditions, and the potential for big profits, FundedSquad might just be worth a closer look. As always with any FundedSquad review, remember to do your own research and trade responsibly!
Funding Program Options
Let's dive into a comprehensive FundedSquad review, focusing on their unique funding program options. FundedSquad offers traders three distinct paths to potentially manage substantial capital:
- One-Step Challenge.
- Instant Funding.
- Two-Step Challenge.
Let's break these down, shall we?
One-Step Challenge
For those who prefer a faster track, the One-step Challenge offers the same account size range but with a single evaluation phase. Here's how it stacks up:
| Evaluation Phase | Profit Target | Max Daily Loss | Max Trailing Loss | Leverage |
|---|---|---|---|---|
| Single Phase | 10% | 3% | 6% | Up to 1:30 |
Again, no time limits here. Hit that 10% profit target while respecting the loss limits, and you're on your way to a funded account.
Both challenges come with some common rules:
Now, here's where it gets interesting in this FundedSquad review – the scaling plan. Keep making those profits (10% average over three months), and you could see your account size grow by 50%. It's like leveling up in a video game but with real money!
Instant Funding
FundedSquad's Instant Funding offers account sizes from $25,000 to $50,000, with a leverage of up to 1:10. It's designed for traders who are ready to hit the ground running.
Here's a quick look at the account options:
| Account Size | One Time Price | Monthly Price |
|---|---|---|
| $25,000 | $1,099 | $249/Month |
| $50,000 | $1,999 | $449/Month |
Two-Step Challenge
This program is designed for traders looking to manage accounts from $10,000 up to a whopping $200,000. It's all about identifying talented traders who can turn a profit while keeping risk in check. Here's a quick overview of the Two-step Challenge:
| Phase | Profit Target | Max Daily Loss | Max Trailing Loss | Leverage |
|---|---|---|---|---|
| 1st Phase | 6% | 4% | 8% | Up to 1:30 |
| 2nd Phase | 6% | 4% | 8% | Up to 1:30 |
The beauty of this challenge?
No minimum or maximum trading day requirements in either phase. Just hit that 6% profit target without breaching the loss limits, and you're golden!
Once funded, you're looking at an 85% to 90% profit split.
Not too shabby, right?
Plus, there's a neat scaling plan where you can increase your account size by 50% if you're consistently profitable.
Trading Rules and Objectives
In this FundedSquad review, let's break down the key rules:
Lot Size Limitations
Here's a handy table showing lot size limits for forex pairs:
| Account Size | Lot Size Limit |
|---|---|
| $25,000 | 2 Lots |
| $50,000 | 4 Lots |
| $100,000 | 8 Lots |
| $200,000 | 16 Lots |
| $400,000 | 32 Lots |
| $1,000,000 | 64 Lots |
Monthly Payout Scenarios
At the end of each 30-day period:
Profit Split and Payouts
You'll get 60% to 100% of your profits, with payouts available on-demand once you hit the 5% withdrawal threshold.
Scaling Plan
Here's where it gets exciting! If you manage a 10% profit, you can double your account size and lot size limits. The best part? You keep your profits when scaling up.
Account Opening Process for FundedSquad
Opening an account with FundedSquad is a straightforward process designed to get you trading quickly.
Here’s a detailed breakdown of the steps involved:
- Registration Form: Start by registering with FundedSquad. Fill out the registration form with your personal details, including your name, email address, and any other required information. This step is crucial as it sets up your account in their system.
- Choose Your Account: Next, you'll need to select the type of account that best fits your trading style. FundedSquad offers various account types and sizes, allowing you to choose the one that aligns with your trading goals. You can also select your preferred trading platform during this step.
- Apply Discount Code: If you're looking to save some money, don’t forget to check the official website of FundedSquad, where discount coupons are available that you can use for discounts.
- Choose Your Payment Method: Finally, select your payment method. FundedSquad provides options for payment via credit or debit card, as well as cryptocurrency payments, giving you flexibility in how you fund your account.
What Makes FundedSquad Different From Other Prop Firms?
FundedSquad stands out from other prop firms by offering three distinct account types: a two-step evaluation, a one-step evaluation, and an instant funding program. This flexibility allows traders to choose the path that best suits their trading style and goals.
One of the key features that sets FundedSquad apart is the unlimited trading period, which means traders can take their time to develop strategies without the pressure of a ticking clock. Additionally, FundedSquad implements maximum daily drawdown scaling and a smart drawdown limit that locks at 3% for its Instant Funding option.
Traders can also look forward to their first withdrawal after just 14 calendar days in the Two-step and One-step Challenges, with bi-weekly payouts available thereafter. The profit split is generous, ranging from 60% to 100%, depending on the program, and there’s an excellent scaling plan that rewards consistent performance.
Overall, these features make FundedSquad a compelling choice for traders looking for a supportive and flexible trading environment.
Is Getting FundedSquad Capital Realistic?
When considering prop trading firms like FundedSquad, it's crucial to evaluate the achievability of their trading requirements in relation to your forex trading style.
While a high percentage profit split on a generously funded account may seem attractive, the practicality diminishes if the firm demands substantial monthly gains with minimal maximum drawdown percentages, which can significantly reduce your chances of success.
Additionally, time constraints play a vital role; having an unlimited trading period is advantageous as it alleviates the pressure associated with strict deadlines. Familiarising yourself with all trading rules during both the evaluation and funding stages is also essential to avoid accidentally violating your account terms.
Receiving capital through the Two-step Challenge is quite realistic, thanks to its modest profit targets of 6% in both evaluation phases and slightly below-average maximum loss rules (4% maximum daily, scalable up to 6%, and 8% maximum trailing loss).
Notably, there are no minimum or maximum trading day requirements, providing flexibility that allows you to secure funding quickly or at your preferred pace. Upon successfully completing both evaluation phases, participants qualify for payouts with an attractive profit split ranging from 85% to 90%.
Similarly, obtaining capital from the One-step Challenge is also realistic due to its average profit target of 10% and standard maximum loss rules (3% maximum daily, scalable up to 6%, and 6% maximum trailing loss). Like the Two-step Challenge, there are no minimum or maximum trading day requirements, which means you can either achieve funding swiftly or take your time. Successful completion of this challenge also leads to payouts featuring a favorable profit split of 85% to 90%.
For those opting for Instant Funding, the process remains realistic with a straightforward 5% profit target for withdrawals and average maximum loss rules (3% maximum daily and 6% maximum smart loss). There are no maximum trading day limits; however, you do need at least five profitable calendar days to qualify for a payout. Once you generate a profit, you can benefit from a profit split ranging from 60% up to 100%.
After weighing all these factors, FundedSquad comes highly recommended. With three unique funding programs—the Two-step Challenge, One-step Challenge, and Instant Funding—each featuring realistic trading objectives and conditions for qualifying for payouts, traders have ample opportunity to succeed.
Payment Proof for FundedSquad
When it comes to payment proof, FundedSquad has established a solid reputation among its traders, many of whom have successfully reached funded status and qualified for-profit splits. If you're considering joining this prop trading firm, it's essential to understand how the payout process works.
For traders who complete the Two-Step Challenge or One-Step Challenge, you can expect your first payout after just 14 calendar days. After that initial payout, you’ll be eligible to receive further payouts every 14 days as long as you exceed your initial account size. The profit split in these challenges is quite generous, ranging from 85% up to 90%, based on the profits generated on your funded account.
On the other hand, if you opt for Instant Funding, the process is slightly different. You’ll need to reach a withdrawal threshold of 5% and maintain a minimum of 5 profitable trading days before you can request your first payout. After that, the same conditions apply: a 5% withdrawal threshold and 5 profitable days are needed for subsequent payouts.
For Instant Funding accounts, the profit split is also attractive, ranging from 60% up to 100%. For those curious about real experiences, payment proof can be found on various platforms. For instance, Trustpilot features numerous reviews from traders sharing their experiences with FundedSquad and detailing how they successfully received their payouts. Additionally, their Discord channel showcases many payout certificates from successful traders within the community.
Which Broker Does FundedSquad Use?
In this FundedSquad review, it's important to note that FundedSquad doesn't partner with the typical broker brands you might expect. Instead, they work with a tier-1 liquidity provider, ensuring that traders benefit from the best simulated real market trading conditions. This partnership allows for a more authentic trading experience, even when using simulated accounts.
When it comes to trading platforms, FundedSquad offers its traders the choice between Match-Trader and TradeLocker. Both platforms are equipped with advanced features that enhance trading efficiency, such as one-click trading, technical indicators, and robust charting tools. These platforms are designed to support traders in making informed decisions while managing their risks effectively.
Overall, FundedSquad's commitment to providing a high-quality trading environment through its choice of liquidity provider and user-friendly platforms sets it apart in the competitive environment of prop trading firms.
Trading Instruments at FundedSquad
In this FundedSquad review, it's important to highlight the variety of trading instruments available to traders. FundedSquad partners with a tier-1 liquidity provider, ensuring the best simulated real market trading conditions. This partnership allows traders to access a diverse array of trading instruments, making it easier to find opportunities that align with their strategies.Traders can engage in trading across multiple asset classes, including:
With leverage of up to 1:100, depending on the specific trading instrument, FundedSquad provides traders with the flexibility to maximize their potential returns while managing risk effectively. This broad selection of instruments and competitive leverage options make FundedSquad an appealing choice for traders looking to diversify their portfolios and enhance their trading experience.
Customer Support at FundedSquad
In this FundedSquad review, it's essential to highlight the customer support options available to traders. Here's a quick overview:
| Live Chat | Available |
|---|---|
| support@fundedsquad.com | |
| Discord | https://discord.com/invite/QQwYJgc3xA |
| Supported Language | English |
Common Queries Related to FundedSquad
What Funding Programs Does FundedSquad Offer?
FundedSquad offers three funding programs: the Two-step Challenge, the One-step Challenge, and Instant Funding.
What is The Profit Split for FundedSquad Traders?
Depending on the funding program chosen, traders can earn a profit split of 60% to 90%.
How long does it take to receive The First Payout?
The first payout is available after 14 calendar days for the Two-step and One-step Challenges.
What Trading Instruments Can I Use with FundedSquad?
FundedSquad allows trading in forex pairs, commodities, indices, and cryptocurrencies with leverage up to 1:100.
Is there a Minimum Trading Day Requirement for Withdrawals?
Yes, traders must achieve a minimum of 5 profitable trading days to qualify for payouts in Instant Funding.
Can I Trade on Weekends with FundedSquad?
No, traders are prohibited from holding trades over the weekend and must close all positions before Friday's market close.
What is The Maximum daily loss limit for Funded Accounts?
The maximum daily loss limit varies by program; it is 4% for the Two-step Challenge and 3% for the One-step Challenge.
Which Platforms does FundedSquad use for Trading?
FundedSquad offers trading on Match-Trader and TradeLocker platforms, equipped with advanced trading features.
How does The Scaling Plan work in FundedSquad?
Traders can increase their account size by 50% if they achieve consistent profits over three months.
Does FundedSquad Provide Customer Support?
Yes, FundedSquad offers customer support via live chat, email, and Discord for trader inquiries and assistance.
Wrapping Up On FundedSquad Review
FundedSquad stands out as a reputable and trustworthy proprietary trading firm that offers traders a choice among three distinct funding programs:
the Two-step Challenge, the One-step Challenge, and Instant Funding. Each of these options caters to different trading styles and preferences, making it accessible to a wide range of traders.
FundedSquad distinguishes itself through features like unlimited trading periods, scalable drawdown limits, and attractive profit splits. For those seeking instant funding prop firm opportunities, FundedSquad's immediate access to funds and timely payouts further solidify its appeal.
From a pro trader or just starting, FundedSquad provides a supportive environment to enhance your trading journey. Consider FundedSquad to elevate your prop trading experience.
Overall, after considering everything FundedSquad has to offer, it is undoubtedly a desirable option for traders worldwide looking to enhance their trading journey.
